Company: SABR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001597033-25-000090
Chunk: 166

Company: Sabre Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 166
---
 quoted market prices and active markets for these instruments that exist.Time deposits—Our valuation technique used to measure the fair values of our time deposit instruments was derived from the following: non-binding 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 during the three and six months ended June 30, 2024 from our investments in securities totaled $5 million and $1 million, respectively, which is recorded to Other, net within our results from continuing operations.The following tables present our assets (liabilities) that are required to be measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024 (in thousands): Fair Value at Reporting Date UsingAssets:June 30, 2025Level 1Level 2Level 3Money market funds$147,652 $147,652 $— $— Time deposits25,655 — 25,655 — Investment in securities448 448 — — Total assets$173,755 $148,100 $25,655 $— Liabilities:Derivatives(1)Interest rate swap contracts$(2,099)$— $(2,099)$— Total liabilities$(2,099)$— $(2,099)$— 

17

 Fair Value at Reporting Date UsingAssets:December 31, 2024Level 1Level 2Level 3Money market funds$425,407 $425,407 $— $— Time