Company: SABR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001597033-25-000090
Chunk: 145

Company: Sabre Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 145
---
 this standard on our consolidated financial statement disclosures.

6

In November 2024, the FASB issued guidance regarding disaggregation of income statement expenses, which requires additional disclosure of certain costs and expenses within the notes to the financial statements. The standard is effective for public companies for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact that this standard will have on our consolidated financial statement disclosures.

2. Revenue from Contracts with Customers 

Contract BalancesRevenue recognition for a significant portion of our revenue coincides with normal billing terms, including our transactional revenues, Software-as-a-Service (“SaaS”) revenues, and hosted revenues. Timing differences among revenue recognition, unconditional rights to bill, and receipt of contract consideration may result in contract assets or contract liabilities.The following table presents our assets and liabilities with customers as of June 30, 2025 and December 31, 2024 (in thousands).AccountConsolidated Balance Sheet LocationJune 30, 2025December 31, 2024Contract assets and customer advances and discounts(1)Prepaid expenses and other current assets / other assets, net$20,342 $28,112 Trade and unbilled receivables, netAccounts receivable, net325,224 282,173 Long-term trade unbilled receivables, netOther assets, net20,784 20,531 Contract liabilitiesDeferred revenues / other noncurrent liabilities99,607 107,867 ______________________(1) Includes contract assets of $5 million and $8 million for June 30, 2025 and December 31, 2024, respectively.During the six months ended June 30, 2025, we recognized revenue of approximately $13 million from contract liabilities that existed as of January 1, 2025. Our long-term trade unbilled receivables, net relate to fixed license fees billed over the contractual period and recognized when the customer gains control of the software. We evaluate collectability of our accounts receivable based on a combination of factors and record reserves as described further in Note 6. Credit Losses. Revenue The following table presents our disaggregated revenues (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Distribution$545,766 $550,594 $1,114,881 $