Sabre Corporation is a travel technology company that operates a global distribution system (GDS) and provides software solutions to the travel industry. Headquartered in Southlake, Texas, the company connects travel suppliers, such as airlines and car rental brands, with travel buyers, including online and offline travel agencies. Sabre's distinctive position lies in its business-to-business travel marketplace, which processes over $110 billion in estimated travel spend annually.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
2,770,983
2,744,845
2,642,077
2,537,015
Cost of Sales
1,918,087
1,927,024
2,026,967
2,136,916
Gross Profit
852,896
817,821
615,110
400,099
Selling, General & Administrative Expenses
557,401
575,972
582,887
661,159
Operating Profit
295,495
241,849
32,223
(261,060)
Interest Expense
(447,829)
(453,274)
(396,598)
(295,231)
Non-Operating Income
(86,900)
(56,016)
(93,518)
132,858
Total Non-Operating Income
(534,729)
(509,290)
(490,116)
(162,373)
Income Before Provision for Income Taxes
(239,234)
(267,441)
(457,893)
(423,433)
Provision for Income Taxes
16,256
4,107
33,645
8,666
Consolidated Net Income
(255,490)
(271,548)
(491,538)
(432,099)
Net Income Attributable to Minority Interests and Other
(655)
76
(332)
2,670
Net Income Attributable to Preferred Dividends
—
—
14,257
21,385
Net Income Attributable to Discontinued Operations
779,452
(7,135)
(36,402)
(679)
Net Income Attributable to Common Shareholders
524,617
(278,759)
(541,865)
(435,448)
Basic EPS
1.34
-0.73
-1.56
-1.40
Diluted EPS
1.34
-0.73
-1.56
-1.40
Basic Weighted Average Shares Outstanding
391,707
383,733
346,567
326,742
Diluted Weighted Average Shares Outstanding
391,707
383,733
346,567
326,742
Shares Outstanding
395,004
385,932
379,569
328,542
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
791,555
724,479
648,207
794,888
Total Cash and Cash Equivalents
791,555
724,479
648,207
794,888
Accounts Receivable
311,870
286,601
343,436
353,587
Total Trade Receivables
311,870
286,601
343,436
353,587
Other Current Assets
192,613
152,138
166,948
213,014
Total Current Assets
1,296,038
1,163,218
1,158,591
1,361,489
Net Property, Plant & Equipment
255,323
233,785
233,677
229,419
Net Intangible Assets
284,882
315,285
376,103
410,257
Goodwill
2,384,191
2,383,380
2,554,039
2,542,087
Long-Term Investments
23,082
22,470
22,343
22,401
Other Long-Term Assets
258,612
516,791
327,441
397,225
Total Assets
4,502,128
4,634,929
4,672,194
4,962,875
Accounts Payable
260,035
242,992
231,767
171,068
Accrued Expenses
649,472
557,161
570,650
554,520
Current Portion of Long-Term Debt
245,651
230,214
4,040
23,480
Unearned Revenue
58,413
60,200
108,256
66,503
Other Current Liabilities
—
51,207
—
—
Total Current Liabilities
1,213,571
1,141,774
914,713
815,571
Long-Term Debt
4,103,208
4,834,776
4,829,461
4,717,091
Other Long-Term Liabilities
209,786
250,150
289,464
303,040
Total Long-Term Liabilities
4,312,994
5,084,926
5,118,925
5,020,131
Total Liabilities
5,526,565
6,226,700
6,033,638
5,835,702
Preferred Stock
—
—
—
33
Common Stock
4,274
4,147
4,059
3,534
Treasury Stock
(537,197)
(526,789)
(520,124)
(514,215)
Additional Paid-in Capital
3,351,111
3,304,466
3,249,901
3,198,580
Accumulated Other Comprehensive Income
(66,656)
(73,747)
(73,922)
(65,731)
Retained Earnings
(3,802,535)
(4,327,152)
(4,048,393)
(3,506,528)
Total Common Shareholders' Equity
(1,051,003)
(1,619,075)
(1,388,479)
(884,327)
Minority Interests and Other
26,566
27,304
27,035
11,500
Total Shareholders' Equity
(1,024,437)
(1,591,771)
(1,361,444)
(872,827)
Total Liabilities and Shareholders' Equity
4,502,128
4,634,929
4,672,194
4,962,875
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
523,962
(278,683)
(527,940)
(432,778)
Depreciation & Amortization
105,920
109,521
121,217
184,633
Share-Based Compensation Expense
45,661
49,027
46,707
82,872
Other Adjustments
(797,999)
227,978
277,321
(87,486)
Changes in Trade Receivables
(65,288)
18,029
18,306
(122,288)
Changes in Accounts Payable
126,177
36,971
49,359
131,034
Changes in Accrued Expenses
(18,921)
(31,246)
1,038
(11,857)
Changes in Unearned Revenue
(20,003)
(38,720)
48,181
(15,506)
Changes in Other Operating Activities
(30,032)
(22,283)
21,626
(8,341)
Cash from Operating Activities
(108,864)
70,249
67,369
(276,458)
Capital Expenditure
(82,887)
(79,527)
(80,920)
(69,494)
Purchases of Investments
—
—
(11,200)
(80,000)
Proceeds from Sale of Investments
9,267
54,834
—
392,268
Payments for Business Acquisitions
—
—
—
(68,797)
Other Investing Activities
1,050,042
(4,921)
(17,861)
—
Cash from Investing Activities
(73,820)
(24,993)
(91,456)
173,977
Issuance of Long-Term Debt
3,221,446
1,938,604
1,749,073
1,818,581
Repayments of Long-Term Debt
(3,810,329)
(1,842,040)
(1,682,329)
(1,822,661)
Net Issuance / (Repayments) of Long-Term Debt
(588,883)
96,564
66,744
(4,080)
Preferred Share Dividends Paid
—
—
(16,039)
(21,385)
Other Financing Activities
(96,868)
(56,992)
(144,924)
(49,905)
Cash from Financing Activities
(685,751)
39,572
(94,219)
(75,370)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
4,447
(4,278)
1,706
(2,358)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash