Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 38

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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065 Deferred revenues72,369 72,111 Other accrued liabilities212,922 195,769 Current portion of debt232,907 230,214 Total current liabilities1,117,156 1,141,775 Deferred income taxes22,069 37,242 Other noncurrent liabilities200,954 212,907 Long-term debt4,884,699 4,834,776 Commitments and contingencies (Note 12)Redeemable noncontrolling interests12,465 12,928 Stockholders’ deficitCommon Stock: $0.01 par value; 1,000,000 authorized shares; 417,219 and 414,754 shares issued, 387,662 and 385,932 shares outstanding at March 31, 2025 and December 31, 2024, respectively4,172 4,147 Additional paid-in capital3,318,127 3,304,466 Treasury Stock, at cost, 29,557 and 28,822 shares at March 31, 2025 and December 31, 2024, respectively(529,233)(526,789)Accumulated deficit(4,291,817)(4,327,152)Accumulated other comprehensive loss(75,318)(73,747)Noncontrolling interest15,051 14,376 Total stockholders’ deficit(1,559,018)(1,604,699)Total liabilities and stockholders’ deficit$4,678,325 $4,634,929 

See Notes to Consolidated Financial Statements.    

3

SABRE CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited) Three Months Ended March 31,20252024Operating ActivitiesNet income (loss)$35,548 $(71,105)Adjustments to reconcile net loss to cash used in operating activities:Depreciation and amortization29,786 34,159 Paid-in-kind interest28,327 30,737 Deferred income taxes(14,380)(6,247)Stock-based compensation expense13,662 13,905 Amortization of upfront incentive consideration8,979 8,442 Amortization of debt discount and issuance costs8,579 6,241 Gain on sale of assets(5,191)— Provision for expected credit losses2,185 5,