Sabre corp (SABR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating Activities
Net (loss) income

162,546

342,660

247,644

246,939

548,963

71,955

-97,631

-609,837

Adjustments to reconcile net (loss) income to cash provided by operating activities:
Depreciation and amortization

414,621

413,344

400,871

413,986

351,480

289,630

287,038

242,776

Deferred income taxes

-22,925

43,099

48,760

48,454

97,225

-3,829

13,941

-32,904

Allowance for credit losses

20,563

7,749

9,459

10,567

8,558

10,356

5,178

1,916

Gain on sale of business

-

-

-

-

-

-

-

25,850

Amortization of upfront incentive consideration

82,935

77,622

67,411

55,724

43,521

45,358

36,649

36,527

Stock-based compensation expense

67,000

57,000

45,000

48,524

29,971

20,094

3,387

4,365

Tax Receivable Agreement

0

4,852

-59,603

0

0

-

-

-

Loss on extinguishment of debt

0

-633

-1,012

-3,683

-38,783

-33,538

-12,181

-

Impairment and related charges

0

0

81,000

0

0

-

-

20,254

Litigation-related credits

-

-

-

25,527

60,998

41,672

-8,156

-345,048

Gain on remeasurement of previously-held joint venture interest

-

-

-

-

78,082

0

0

-

Other

2,777

-2,349

13,284

-5,426

3,556

6,023

-4,653

-2,955

Loss from discontinued operations

-1,766

1,739

-1,932

5,549

314,408

-38,918

-149,697

-394,410

Debt modification costs

0

1,558

14,758

0

0

3,290

14,003

7,600

Dividends received from equity method investments

1,352

1,411

1,088

640

28,700

2,261

10,560

21,076

Amortization of debt issuance costs

3,972

3,981

5,923

9,611

6,759

6,316

7,104

23,265

Equity method loss (income)

2,044

2,556

2,580

2,780

14,842

12,082

12,350

-2,513

Changes in operating assets and liabilities:
Accounts and other receivables

33,911

45,586

108,596

12,949

-10,662

7,295

23,169

-16,532

Prepaid expenses and other current assets

-1,145

-14,362

-109

11,809

13,255

-6,948

3,649

3,325

Capitalized implementation costs

28,588

39,168

60,766

83,405

63,382

37,811

58,814

78,543

Upfront incentive consideration

71,447

88,735

94,296

70,702

63,510

50,936

48,569

34,516

Other assets

-38,795

29,607

21,111

2,799

66,873

78,873

56,663

-1,502

Accrued compensation and related benefits

-17,469

-15,044

6,038

2,768

18,268

-5,301

9,372

36,883

Accounts payable and other accrued liabilities

-27,232

-27,080

67,034

56,787

8,721

52,128

-17,854

-135,489

Deferred revenue including upfront solution fees

-12,481

8,127

13,861

22,663

9,390

38,643

-5,682

97,152

Pension and other postretirement benefits

-

-

-

-

-

-

-

-20,236

Cash provided by operating activities

581,260

724,797

678,033

699,400

529,207

387,659

228,232

308,164

Investing Activities
Additions to property and equipment

115,166

283,940

316,436

327,647

286,697

227,227

209,523

167,043

Acquisitions, net of cash acquired

107,462

0

0

164,120

442,344

31,799

30,200

72,441

Proceeds from sale of marketable securities

-

-

-

45,959

0

0

-

-

Proceeds from sale of business

-

-

-

-

-

-

-

27,915

Other investing activities

20,398

-8,681

1,089

0

0

-235

276

-1,754

Cash used in investing activities

-243,026

-275,259

-317,525

-445,808

-729,041

-258,791

-239,999

-209,815

Financing Activities
Acquisition-related contingent consideration paid

-

-

-

-

-

27,000

0

-

Proceeds from borrowings on revolving credit facility

-

-

-

-

-

-

-

518,200

Payments on borrowings under revolving credit facility

-

-

-

-

-

-

-

600,200

Proceeds of borrowings under secured notes

-

-

-

-

-

-

-

801,500

Proceeds from issuance of common stock in initial public offering, net

-

-

-

-

-

672,137

0

-

Proceeds of borrowings from lenders

45,000

0

1,897,625

1,055,000

1,252,000

148,307

2,540,063

2,225,082

Payments on Tax Receivable Agreement

101,482

58,908

99,241

0

0

-

-

-

Cash dividends paid to common stockholders

154,000

154,000

155,000

144,355

98,596

47,904

0

-

Payments on borrowings from lenders

106,560

47,310

1,880,506

999,868

960,807

802,664

2,261,061

2,924,745

Net payments on the settlement of equity-based awards

-5,736

2,040

12,647

27,344

47,414

13,809

2,054

-

Debt issuance and modification costs

0

1,567

19,052

11,377

52,674

30,490

19,116

43,275

Other financing activities

-9,799

-20,400

-4,292

-16,769

4,577

1,860

232

-1,682

Repurchase of common stock

77,636

26,281

109,100

100,000

98,770

0

0

-

Cash provided by (used in) financing activities

-409,721

-306,506

-356,780

-190,025

93,144

-71,945

262,172

-25,120

Cash Flows from Discontinued Operations
Cash used in operating activities

-2,383

-1,895

-4,848

-19,478

236

-205,988

-85,140

-2,410

Cash provided by investing activities

-

-

-

-

278,834

-1,965

13,993

-6,792

Cash used in discontinued operations

-2,383

-1,895

-4,848

-19,478

279,070

-207,953

-71,147

-9,202

Effect of exchange rate changes on cash and cash equivalents

781

6,747

-1,613

-1,107

-6,927

-1,527

2,283

4,318

Increase (decrease) in cash and cash equivalents

-73,089

147,884

-2,733

42,982

165,453

-152,557

181,541

68,345

Cash payments for income taxes

55,137

57,629

40,211

39,032

27,816

47,545

4,224

20,177

Cash payments for interest

157,648

156,041

149,572

151,495

154,307

197,782

255,620

264,990

Capitalized interest

5,085

8,823

11,142

13,887

11,981

13,412

10,966

8,705

Non-cash additions to property and equipment

33,136

0

0

-

-

-

-

-

Preferred shares dividend

-

-

-

-

-

11,381

36,704

-34,583