Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 79

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 expense and amortization of acquired intangible assets;

•although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash requirements for such replacements;

•Adjusted EBITDA does not reflect amortization of capitalized implementation costs associated with our revenue contracts, which may require future working capital or cash needs in the future;

•Adjusted Net Loss and Adjusted EBITDA do not reflect changes in, or cash requirements for, our working capital needs;

•Adjusted EBITDA does not reflect the interest expense or the cash requirements necessary to service interest or principal payments on our indebtedness;

•Adjusted EBITDA does not reflect tax payments that may represent a reduction in cash available to us;

•Free Cash Flow removes the impact of accrual-basis accounting on asset accounts and non-debt liability accounts, and does not reflect the cash requirements necessary to service the principal payments on our indebtedness; and

•other companies, including companies in our industry, may calculate Adjusted Net Loss, Adjusted EBITDA or Free Cash Flow differently, which reduces their usefulness as comparative measures.

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The following table sets forth the reconciliation of Net loss attributable to common stockholders to Adjusted Net Loss from continuing operations and Loss from continuing operations to Adjusted EBITDA (in thousands): Three Months Ended March 31, 20252024Net income (loss) attributable to common stockholders$35,335 $(71,483)Net income attributable to noncontrolling interests(1)213 378 Income (loss) from continuing operations35,548 (71,105)Adjustments:Acquisition-related amortization(2a)8,791 9,622 Restructuring and other costs(4)— (5,053)Loss on extinguishment of debt— 37,994 Other, net(3)(3,776)4,477 Acquisition-related costs(5)1,796 250 Indirect tax matters(6)274 — Stock-based compensation13,662 13,905 Tax impact of adjustments(7)(56,977)4,171 Adjusted Net Loss from continuing operations$(682)$(5,739)Adjusted Net Loss from continuing operations per share$— $(0.02)Adjusted diluted weighted-average common shares outstanding(8)386,271 379,774 Income (loss) from continuing operations$35,