Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 38

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 38
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 pretax income from continuing operations, generally based on the jurisdiction of the legal entity, were as follows: Year Ended December 31, 202420232022Components of pre-tax loss:   Domestic$(347,887)$(551,182)$(380,367)Foreign67,427 57,663 (43,066) $(280,460)$(493,519)$(423,433)The provision for income taxes relating to continuing operations consists of the following: Year Ended December 31, 202420232022Current portion:   Federal$1,702 $440 $12,224 State and Local2,336 1,272 2,439 Non U.S.(2,924)10,730 11,309 Total current1,114 12,442 25,972 Deferred portion:  Federal2,258 (1,170)(1,041)State and Local(456)18,054 (1,759)Non U.S.(4,693)5,403 (14,506)Total deferred(2,891)22,287 (17,306)Total (benefit) provision for income taxes$(1,777)$34,729 $8,666 

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The provision for income taxes relating to continuing operations differs from amounts computed at the statutory federal income tax rate as follows: Year Ended December 31, 202420232022Income tax provision at statutory federal income tax rate$(58,896)$(103,639)$(88,921)State income taxes, net of federal benefit(4,508)(6,733)(3,844)Impact of non U.S. taxing jurisdictions, net(12,105)(6,262)10,343 Goodwill— — 24,590 Base erosion and anti-abuse tax— 9,818 9,474 Employee stock based compensation8,952 9,758 7,853 Research tax credit(11,261)(31,296)(9,134)Valuation Allowance76,380 163,097 59,827 Other, net(339)(14)(1,522)Total (benefit) provision for income taxes$(1,777)$34,729 $8,666 The components of our deferred tax assets and liabilities are as follows: As of December 31, 20242023Deferred tax assets: