Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 67

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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 of our money market funds was derived from 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.

18

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 nine months ended September 30, 2024 from our investments in securities were not material.The following tables present our assets (liabilities) that are required to be measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024 (in thousands): Fair Value at Reporting Date UsingAssets:September 30, 2025Level 1Level 2Level 3Money market funds$392,887 $392,887 $— $— Time deposits30,001 — 30,001 — Investment in securities517 517 — — Total assets$423,405 $393,404 $30,001 $— Liabilities:Derivatives(1)Interest rate swap contracts$(1,961)$— $(1,961)$— Total liabilities$(1,961)$— $(1,961)$—  Fair Value at Reporting Date UsingAssets:December 31, 2024Level 1Level 2Level 3Money market funds$425,407 $425,407 $— $— Time deposits78,595 — 78,595 — Investment