Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 227

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 227
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 market consensus prices that were corroborated by observable market data and quoted market prices for similar instruments.Investment in securities—In May 2022, we acquired 8 million shares of Class A Common Stock, par value of $0.0001 per share, of Global Business Travel Group, Inc. ("GBT") for an aggregate purchase price of $80 million, which was included in prepaid expenses and other current assets in our consolidated balance sheets. The terms of these shares did not contain any restrictions that would impact our ability to sell the shares in the future. The fair value of our investment in GBT was based on its share price, a Level 1 input, as the stock is publicly traded on the New York Stock Exchange under the symbol GBTG. In the third quarter of 2024, we sold all 8 million shares of our investment for $55 million and recognized a net gain of $3 million for the year ended December 31, 2024. Unrealized losses recognized from our investments in securities during the years ended December 31, 2023 and 2022 totaled $2 million and $26 million, respectively, which are recorded to Other, net in our consolidated statements of operations.The following tables present our assets (liabilities) that are required to be measured at fair value on a recurring basis as of December 31, 2024 and 2023 (in thousands): Fair Value at Reporting Date UsingAssets:December 31, 2024Level 1Level 2Level 3Money market funds$425,407 $425,407 $— $— Time deposits78,595 — 78,595 — Investment in securities555 555 — — Total assets$504,557 $425,962 $78,595 $— Liabilities:Derivatives(1)Interest rate swap contracts$(2,266)$— $(2,266)$— Total liabilities$(2,266)$— $(2,266)$— ______________________(1) See Note 11. Derivatives for further detail. Fair Value at Reporting Date UsingAssets:December 31, 2023Level 1Level 2Level 3Derivatives(1)Interest rate swap contracts$2,413 $— $2,413 $— Investment in securities51,970 51,970 — — Money market funds