Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 48

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 48
---
,330 1,207 825,019 516 Total other expense, net805,079 (13,338)769,430 (39,760)Income (loss) from discontinuing operations before income taxes806,672 (1,050)790,847 (6,450)Provision (benefit) for income taxes(1)6,359 (335)7,122 (1,966)Net income (loss) from discontinued operations$800,313 $(715)$783,725 $(4,484)______________________(1) We used an intra-period tax allocation to allocate the provision for income taxes for all periods presented between continuing operations and discontinued operations. The following table presents the major classes of assets and liabilities from discontinued operations at December 31, 2024 related to the Hospitality Solutions business (in thousands):December 31, 2024Assets:Accounts receivable, net$53,377 Prepaid expenses and other current assets1,204 Current assets54,581 Property and equipment, net of accumulated depreciation14,614 Goodwill and intangibles192,156 Other assets, net29,032 Long-term assets235,802 Total assets$290,383 Liabilities:Accounts payable$20,687 Other accrued liabilities and accrued compensation18,609 Deferred revenues11,911 Current liabilities 51,207 Other noncurrent liabilities and deferred income taxes15,989 Long-term liabilities 15,989 Total liabilities$67,196 The following table presents selected financial information related to cash flows from discontinued operations for the nine months ended September 30, 2025 and 2024 (in thousands):

9

Nine Months Ended September 30,20252024Cash used in operating activities$(19,139)$(6,687)Cash provided by (used in) investing activities1,054,898 (3,211)Cash provided by (used in) discontinued operations$1,035,759 $(9,898)Non-cash additions to property and equipment$4,657 $— 

4. Redeemable Noncontrolling Interest 

On February 1, 2023, we sold common shares representing a 19% interest in the direct parent of Conferma Limited, our subsidiary that is a virtual payments technology company (“Conferma”), to a third party for cash consideration of $16 million. In connection with the sale, we