Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 418

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 418
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 31, 202420232022Current portion:   Federal$1,702 $440 $12,224 State and Local2,336 1,272 2,439 Non U.S.(2,924)10,730 11,309 Total current1,114 12,442 25,972 Deferred portion:  Federal2,258 (1,170)(1,041)State and Local(456)18,054 (1,759)Non U.S.(4,693)5,403 (14,506)Total deferred(2,891)22,287 (17,306)Total (benefit) provision for income taxes$(1,777)$34,729 $8,666 

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The provision for income taxes relating to continuing operations differs from amounts computed at the statutory federal income tax rate as follows: Year Ended December 31, 202420232022Income tax provision at statutory federal income tax rate$(58,896)$(103,639)$(88,921)State income taxes, net of federal benefit(4,508)(6,733)(3,844)Impact of non U.S. taxing jurisdictions, net(12,105)(6,262)10,343 Goodwill— — 24,590 Base erosion and anti-abuse tax— 9,818 9,474 Employee stock based compensation8,952 9,758 7,853 Research tax credit(11,261)(31,296)(9,134)Valuation Allowance76,380 163,097 59,827 Other, net(339)(14)(1,522)Total (benefit) provision for income taxes$(1,777)$34,729 $8,666 The components of our deferred tax assets and liabilities are as follows: As of December 31, 20242023Deferred tax assets:  Tax loss carryforwards$440,187 $400,634 Software developed for internal use198,354 139,722 Tax credit carryforwards96,135 90,674 Employee benefits other than pension31,874 38,221 Deferred revenue27,320 36,714 Bond discounts— 18,132 Lease liabilities14,803 16,756 Pension obligations11,087 16,688 Suspended loss14,737 14,702