Sabre Corporation (SABR) · 10+ Years of Financial statements

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	2,832	2,856	3,039	3,050	2,631	2,961	3,373	3,598	3,867	3,975	1,334	1,689	2,537	2,908
+ Sales & Services Revenue	2,832	2,856	3,039	3,050	2,631	2,961	3,373	3,598	3,867	3,975	1,334	1,689	2,537	2,908
- Cost of Revenue	1,498	1,736	1,637	1,905	1,742	1,944	2,288	2,514	2,791	3,035	1,736	1,744	2,137	2,226
+ Cost of Goods & Services	1,498	1,736	1,637	1,905	1,742	1,944	2,288	2,514	2,791	3,035	1,736	1,744	2,137	2,226
Gross Profit	1,335	1,120	1,402	1,145	889	1,017	1,086	1,085	1,076	940	-402	-55	400	682
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	996	806	1,436	793	468	557	626	510	514	577	586	610	661	634
+ Selling, General & Admin	714	806	1,118	793	468	557	626	510	514	577	586	610	661	634
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	282	- -	318	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	339	313	-34	352	421	460	460	575	562	363	-988	-665	-261	47
- Non-Operating (Income) Loss	585	335	812	456	304	106	132	197	164	164	326	273	162	541
+ Interest Expense, Net	204	174	243	275	219	173	158	154	157	156	235	258	295	448
+ Interest Expense	204	174	243	275	219	173	158	154	157	156	235	258	295	448
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	380	161	569	182	85	-67	-27	43	7	7	91	15	-133	93
Pretax Income	-246	-21	-846	-104	117	354	328	378	398	200	-1,314	-938	-423	-494
- Income Tax Expense (Benefit)	70	58	-202	-14	6	119	87	128	57	35	-40	-15	9	35
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-316	-79	-644	-90	111	235	241	250	341	164	-1,274	-924	-432	-528
- Net Extraordinary Losses (Gains)	-111	-50	-92	13	44	-307	3	12	9	10	- -	7	6	-1
+ Discontinued Operations	-17	-23	-27	-7	-39	314	6	-2	2	-2	3	-3	-1	- -
+ Extraord. & Accounting Changes	-94	-26	-65	20	83	-622	-2	14	7	11	-3	9	7	-1
Income (Loss) Incl. MI	-204	-29	-552	-103	66	542	238	237	332	155	-1,274	-931	-438	-527
- Minority Interest	64	37	59	-3	-3	-3	-4	-5	-5	-4	-1	-2	-3	- -
Net Income, GAAP	-269	-66	-611	-100	69	545	243	243	338	159	-1,273	-928	-435	-528
- Preferred Dividends	31	33	35	37	11	- -	- -	- -	- -	- -	8	22	21	14
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-300	-99	-646	-137	58	545	243	243	338	159	-1,280	-950	-457	-542
Basic Weighted Avg Shares	175	256	177	256	239	273	278	277	275	274	290	321	327	347
Basic EPS, GAAP	-1.71	-0.39	-3.65	-0.54	0.24	2	0.87	0.88	1.23	0.58	-4.42	-2.96	-1.4	-1.56
Basic EPS from Cont Ops	-1.8	-0.31	-3.63	-0.35	0.46	0.86	0.87	0.9	1.24	0.6	-4.4	-2.88	-1.32	-1.52
Diluted Weighted Avg Shares	175	256	177	256	247	280	283	278	278	276	290	321	327	347
Diluted EPS, GAAP	-1.71	-0.39	-3.65	-0.54	0.23	1.95	0.86	0.87	1.22	0.57	-4.42	-2.96	-1.4	-1.56
Diluted EPS from Cont Ops	-1.8	-0.31	-3.63	-0.35	0.45	0.84	0.85	0.9	1.23	0.59	-4.4	-2.88	-1.32	-1.52
EBITDA	620	607	283	659	710	811	874	975	975	778	-624	-403	-76	196
EBITDA Margin (%)	21.91	21.24	9.32	21.62	27	27.4	25.9	27.11	25.22	19.57	-46.8	-23.88	-3.01	6.73
EBITA	339	313	-34	352	421	460	460	575	562	363	-988	-665	-261	47
EBIT	339	313	-34	352	421	460	460	575	562	363	-988	-665	-261	47
Gross Margin (%)	47.13	39.21	46.12	37.54	33.78	34.34	32.19	30.14	27.81	23.65	-30.11	-3.28	15.77	23.44
Operating Margin (%)	11.96	10.98	-1.13	11.53	15.99	15.53	13.62	15.97	14.53	9.14	-74.06	-39.4	-10.29	1.62
Profit Margin (%)	-9.49	-2.31	-20.12	-3.3	2.63	18.42	7.19	6.74	8.73	3.99	-95.4	-54.98	-17.16	-18.14
Sales per Employee	- -	- -	- -	304,952	328,927	325,373	337,339	399,832	436,451	429,728	177,148	222,719	340,037	466,582
Dividend per Share	0.01	0.01	0.01	0.01	0.2	0.36	0.52	0.56	0.56	0.56	0.15	0.07	0.07	0.05
Depreciation Expense	282	293	318	308	290	351	414	401	413	415	364	262	185	149

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	713	716	883	878	778	853	961	1,188	1,122	1,888	1,402	1,361	1,159
+ Cash, Cash Equivalents & STI	- -	58	127	308	156	321	364	361	509	436	1,500	978	849	700
+ Cash & Cash Equivalents	- -	58	127	308	156	321	364	361	509	436	1,500	978	795	648
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	54	52
+ Accounts & Notes Receiv	- -	485	480	464	393	376	401	526	508	547	255	260	354	373
+ Accounts Receivable, Net	- -	402	433	434	363	376	401	491	508	547	255	260	354	343
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	83	47	30	30	- -	- -	36	- -	- -	- -	- -	- -	30
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	170	110	111	330	81	89	73	170	139	133	164	159	85
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	4,539	3,995	3,883	3,840	4,616	4,871	4,689	4,619	4,568	4,190	3,889	3,601	3,514
+ Property, Plant & Equip, Net	- -	427	410	499	551	628	753	799	790	706	489	349	315	304
+ Property, Plant & Equip	- -	855	1,018	1,221	1,343	1,478	1,740	2,036	2,315	2,522	2,484	2,262	2,254	2,155
- Accumulated Depreciation	- -	428	608	723	792	851	987	1,237	1,525	1,816	1,995	1,913	1,939	1,851
+ LT Investments & Receivables	- -	166	132	132	145	24	26	28	28	27	24	23	22	22
+ LT Investments	- -	166	132	132	145	24	26	28	28	27	24	23	22	22
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	3,946	3,453	3,252	3,143	3,964	4,092	3,862	3,801	3,835	3,677	3,517	3,264	3,188
+ Total Intangible Assets	- -	3,647	3,097	2,773	2,633	3,277	3,324	3,238	3,166	3,207	3,148	2,911	2,952	2,930
+ Goodwill	- -	2,408	2,319	2,138	2,153	2,440	2,548	2,555	2,552	2,633	2,637	2,470	2,542	2,554
+ Other Intangible Assets	- -	1,238	778	635	480	837	775	683	613	574	511	441	410	376
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	300	357	480	510	687	768	624	635	628	529	606	312	258
Total Assets	- -	5,253	4,711	4,766	4,718	5,394	5,725	5,649	5,806	5,690	6,078	5,291	4,963	4,672
+ Payables & Accruals	- -	595	511	522	449	516	607	632	652	693	410	449	604	667
+ Accounts Payable	- -	169	128	111	114	138	169	163	165	187	115	123	171	232
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	426	384	411	335	377	439	470	487	506	294	326	432	435
+ ST Debt	- -	112	23	86	22	190	169	57	68	82	26	29	23	4
+ ST Borrowings	- -	112	23	86	22	190	169	57	68	82	26	29	23	4
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	467	641	548	425	295	390	283	298	251	186	238	189	244
+ Deferred Revenue	- -	354	510	389	245	195	187	111	81	85	99	81	67	108
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	113	130	159	180	99	203	172	217	166	87	157	122	136
Total Current Liabilities	- -	1,174	1,175	1,156	897	1,000	1,166	972	1,018	1,026	622	717	816	915
+ LT Debt	- -	3,308	3,421	3,119	3,061	3,169	3,276	3,399	3,337	3,262	4,640	4,724	4,717	4,886
+ LT Borrowings	- -	3,308	3,421	3,119	3,061	3,169	3,276	3,399	3,337	3,262	4,640	4,724	4,717	4,829
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	50	97	79	68	56
+ Other LT Liabilities	- -	405	394	603	675	740	656	580	476	455	453	351	303	233
+ Accrued Liabilities	- -	253	10	10	62	84	89	199	136	107	73	38	39	81
+ Pension Liabilities	- -	- -	- -	55	91	97	123	115	119	128	128	86	83	74
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	151	384	538	523	559	444	266	222	220	253	227	181	78
Total Noncurrent Liabilities	- -	3,712	3,815	3,722	3,737	3,909	3,933	3,979	3,814	3,717	5,093	5,075	5,020	5,119
Total Liabilities	- -	4,886	4,990	4,879	4,634	4,909	5,099	4,951	4,832	4,742	5,715	5,791	5,836	6,034
+ Preferred Equity and Hybrid Capital	- -	564	598	635	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	901	867	1,764	1,934	2,019	2,109	2,177	2,246	2,320	3,056	3,119	3,202	3,254
+ Common Stock	- -	2	2	3	3	3	3	3	3	3	3	3	4	4
+ Additional Paid in Capital	- -	899	865	1,762	1,932	2,016	2,106	2,174	2,243	2,318	3,053	3,116	3,199	3,250
- Treasury Stock	- -	- -	- -	- -	5	111	222	342	378	469	475	498	514	520
+ Retained Earnings	- -	-1,002	-1,648	-1,828	-1,776	-1,329	-1,141	-1,053	-769	-763	-2,090	-3,050	-3,507	-4,048
+ Other Equity	- -	-77	-96	-50	-70	-97	-123	-88	-133	-149	-136	-80	-66	-74
Equity Before Minority Interest	- -	385	-279	-113	84	483	623	693	967	939	356	-509	-884	-1,388
+ Minority/Non Controlling Interest	- -	-19	- -	1	1	1	3	5	7	9	7	9	12	27
Total Equity	- -	367	-279	-113	84	484	626	698	974	948	363	-500	-873	-1,361
Total Liabilities & Equity	- -	5,253	4,711	4,766	4,718	5,394	5,725	5,649	5,806	5,690	6,078	5,291	4,963	4,672
Shares Outstanding	175	256	177	259	268	275	277	274	275	274	317	324	329	380
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	50	97	79	68	56
Net Debt	- -	3,362	3,317	2,897	2,928	3,039	3,081	3,094	2,897	2,907	3,166	3,775	3,946	4,185
Net Debt to Equity	- -	916.9	-1,190.18	-2,569.31	3,470.08	627.61	492.54	443.02	297.31	306.78	873.11	-755.35	-452.06	-307.42
Tangible Common Equity Ratio	- -	-239.3	-246.16	-176.62	-122.29	-131.95	-112.4	-105.33	-82.98	-90.99	-95.07	-143.28	-190.26	-246.35
Current Ratio	- -	0.61	0.61	0.76	0.98	0.78	0.73	0.99	1.17	1.09	3.04	1.96	1.67	1.27
Cash Conversion Cycle	- -	7.91	17.07	29	31.65	21.81	17.52	21.15	25.69	27.23	77.91	30.78	19.02	10.72
Number of Employees	- -	- -	- -	10,000	8,000	9,100	10,000	9,000	8,860	9,250	7,531	7,583	7,461	6,232

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-333	-103	-671	-98	72	549	247	248	343	163	-1,272	-926	-433	-528
+ Depreciation & Amortization	282	293	318	308	290	351	414	401	413	415	364	262	185	149
+ Non-Cash Items	495	234	755	138	109	-211	138	227	192	155	267	171	-5	299
+ Stock-Based Compensation	5	7	10	9	20	30	49	45	57	67	70	121	83	52
+ Deferred Income Taxes	50	34	-239	-65	-4	97	48	49	43	-23	-46	-28	-17	22
+ Asset Impairment Charge	405	188	611	142	- -	- -	- -	81	- -	- -	9	- -	5	- -
+ Other Non-Cash Adj	35	4	373	52	92	-338	41	53	91	111	235	78	-75	225
+ Chg in Non-Cash Work Cap	-62	-68	-97	-190	-82	-160	-99	-198	-223	-151	-130	79	-24	136
+ (Inc) Dec in Accts Receiv	-26	-49	3	-29	-7	11	-13	-109	-46	-34	205	-18	-122	-1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	14	9	-2	-4	7	-13	-12	- -	14	1	-2	6	-22	52
+ Inc (Dec) in Accts Payable	29	94	9	-31	56	9	57	67	-27	-27	-304	70	131	61
+ Inc (Dec) in Other	-78	-121	-107	-126	-138	-166	-131	-156	-164	-91	-29	20	-10	26
+ Net Cash From Disc Ops	-28	-25	1	-14	-206	- -	-19	-5	-2	-2	-3	-3	-3	- -
Cash from Operating Activities	353	331	306	143	182	529	680	673	723	579	-773	-418	-280	56
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	69	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	69	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-130	-165	-193	-226	-227	-287	-328	-316	-284	-115	-65	-54	-69	-87
+ Acq of Fixed Prod Assets	-130	-165	-193	-226	-227	-287	-328	-316	-284	-115	-65	-54	-69	-87
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	6	10	- -	- -	46	- -	- -	- -	69	25	312	-11
+ Dec in LT Investment	- -	- -	6	10	- -	- -	46	- -	- -	- -	69	25	392	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-80	-11
+ Net Cash From Acq & Div	-52	-11	-45	-20	-32	-442	-164	- -	- -	-107	- -	- -	-69	-12
+ Cash from Divestitures	- -	- -	28	10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-52	-11	-72	-30	-32	-442	-164	- -	- -	-107	- -	- -	-69	-12
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-6	-5	-4	-10	-2	279	- -	-1	9	-20	-73	- -	- -	1
+ Net Cash From Disc Ops	-3	-5	- -	- -	-2	279	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-188	-181	-236	-247	-261	-450	-446	-318	-275	-243	-1	-29	174	-110
+ Dividends Paid	-1	-2	-2	-2	-48	-99	-144	-155	-154	-154	-44	-22	-21	-16
+ Net Cash From Debt	-28	-272	20	279	-654	291	42	17	-47	-62	1,448	7	-4	67
+ Cash From Debt	242	1,007	3,545	2,540	148	1,252	1,055	1,898	- -	45	2,982	1,070	1,819	1,749
+ Repayments of Debt	-270	-1,279	-3,525	-2,261	-803	-961	-1,013	-1,881	-47	-107	-1,534	-1,064	-1,823	-1,682
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	672	-99	-100	-109	-26	-78	275	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	672	- -	- -	- -	- -	- -	275	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-99	-100	-109	-26	-78	- -	- -	- -	- -
+ Other Financing Activities	-19	3	-43	-14	-42	-1	12	-110	-79	-117	159	-36	-50	-145
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-48	-272	-25	262	-72	93	-190	-357	-307	-410	1,838	-51	-75	-94
Effect of Foreign Exchange Rates	-1	3	4	2	-2	-7	-1	-2	7	1	- -	-2	-2	2
Net Changes in Cash	116	-121	45	159	-151	172	44	-1	141	-74	1,063	-498	-181	-148
EBITDA	620	607	283	659	710	811	874	975	975	778	-624	-403	-76	196
EBITDA Margin (%)	21.91	21.24	9.32	21.62	27	27.4	25.9	27.11	25.22	19.57	-46.8	-23.88	-3.01	6.73
Net Cash Paid for Acquisitions	52	11	45	20	32	442	164	- -	- -	107	- -	- -	69	12
Free Cash Flow	222	167	112	-83	-46	243	352	357	439	464	-839	-472	-349	-32
Free Cash Flow to Firm	- -	- -	- -	- -	162	358	469	458	573	592	- -	- -	- -	- -
Free Cash Flow to Equity	- -	425	132	196	-1,346	534	394	374	392	402	671	-487	-375	21
Free Cash Flow per Basic Share	1.27	0.65	0.63	-0.32	-0.19	0.89	1.27	1.29	1.59	1.69	-2.89	-1.47	-1.07	-0.09
Price/Free Cash Flow	- -	- -	- -	- -	12.36	9.61	7.02	5.82	5.98	8.91	-4.91	-7.65	-9.08	10.69
Cash Flow to Net Income	-1.31	-5.01	-0.5	-1.42	2.62	0.97	2.8	2.78	2.14	3.65	0.61	0.45	0.64	-0.11

Sabre Corporation

SABR US

2.57