Company profile

Ticker
SABR
Exchange
CEO
Sean E. Menke
Employees
Incorporated in
Location
Fiscal year end
SEC CIK

SABR stock data

(
)

Calendar

1 May 19
15 Jul 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Revenue 1.05B 923.93M 970.28M 984.38M
Net income 56.85M 84.4M 73.01M 92.25M
Diluted EPS 0.2 0.3 0.26 0.33
Net profit margin 5.42% 9.13% 7.52% 9.37%
Operating income 110.41M 121.02M 136.76M 138.83M
Net change in cash -49.78M 64.94M 74.32M 8.9M
Cash on hand 459.49M 509.27M 444.32M 370M
Cost of revenue 787.56M 673.43M 703.37M 721.76M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 3.87B 3.6B 3.37B 2.96B
Net income 337.53M 242.53M 242.56M 545.48M
Diluted EPS 1.22 0.87 0.86 1.95
Net profit margin 8.73% 6.74% 7.19% 18.42%
Operating income 562.02M 493.44M 459.57M 459.77M
Net change in cash 147.88M -2.73M 42.98M 165.45M
Cash on hand 509.27M 361.38M 364.11M 321.13M
Cost of revenue 2.79B 2.51B 2.29B 1.94B

Financial data from Sabre earnings reports

Financial report summary

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Risks
  • Our revenue is highly dependent on transaction volumes in the global travel industry, particularly air travel transaction volumes.
  • Travel suppliers’ use of alternative distribution models, such as direct distribution models, could adversely affect our Travel Network business.
  • Our Travel Network business is exposed to pricing pressure from travel suppliers.
  • Our travel supplier customers may experience financial instability or consolidation, pursue cost reductions, change their distribution model or undergo other changes.
  • Our success depends on maintaining the integrity of our systems and infrastructure, which may suffer from failures, capacity constraints, business interruptions and forces outside of our control.
  • Any inability or failure to adapt to technological developments or the evolving competitive landscape could harm our business operations and competitiveness.
  • The travel distribution market is highly competitive, and we are subject to competition from other GDS providers, direct distribution by travel suppliers and new entrants or technologies that may challenge the GDS business model.
  • Our ability to maintain and grow our Airline Solutions and Hospitality Solutions businesses may be negatively affected by competition from other third-party solutions providers and new participants that seek to enter the solutions market.
  • Implementation of software solutions often involves a significant commitment of resources, and any failure to deliver as promised on a significant implementation could adversely affect our business.
  • We rely on the availability and performance of information technology services provided by third parties, including DXC, which manages a significant portion of our systems.
  • Our Travel Network business depends on relationships with travel buyers.
  • We are exposed to risks associated with PCI compliance.
  • Our business could be harmed by adverse global and regional economic and political conditions.
  • We operate a global business that exposes us to risks associated with international activities.
  • Our ability to recruit, train and retain employees, including our key executive officers and technical employees, is critical to our results of operations and future growth.
  • We may have higher than anticipated tax liabilities.
  • We rely on the value of our brands, which may be damaged by a number of factors, some of which are out of our control.
  • We rely on third-party distributor partners and joint ventures to extend our GDS services to certain regions, which exposes us to risks associated with lack of direct management control and potential conflicts of interest.
  • We use open source software in our solutions that may subject our software solutions to general release or require us to re-engineer our solutions.
  • Intellectual property infringement actions against us could be costly and time consuming to defend and may result in business harm if we are unsuccessful in our defense.
  • We may not have sufficient insurance to cover our liability in pending litigation claims and future claims either due to coverage limits or as a result of insurance carriers seeking to deny coverage of such claims, which in either case could expose us to significant liabilities.
  • We may not be able to protect our intellectual property effectively, which may allow competitors to duplicate our products and services.
  • Defects in our products may subject us to significant warranty liabilities or product liability claims and we may have insufficient product liability insurance to pay material uninsured claims.
  • We may recognize impairments on long-lived assets, including goodwill and other intangible assets, or recognize impairments on our equity method investments.
  • Our pension plan obligations are currently unfunded, and we may have to make significant cash contributions to our plans, which could reduce the cash available for our business.
  • We may require more cash than we generate in our operating activities, and additional funding on reasonable terms or at all may not be available.
  • We have a significant amount of indebtedness, which could adversely affect our cash flow and our ability to operate our business and to fulfill our obligations under our indebtedness.
  • We are exposed to interest rate fluctuations.
  • The terms of our debt covenants could limit our discretion in operating our business and any failure to comply with such covenants could result in the default of all of our debt.
  • Maintaining and improving our financial controls and the requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.
  • The market price of our common stock could decline due to the large number of outstanding shares of our common stock eligible for future sale.
  • Our ability to pay regular dividends to our stockholders is subject to the discretion of our board of directors and may be limited by our holding company structure and applicable provisions of Delaware law.
Management Discussion
  • Travel Network—Revenue increased $53 million, or 7%, for the three months ended March 31, 2019 compared to the same period in the prior year, primarily due to an increase in transaction-based revenue of $53 million to $731 million. The increase in revenue primarily resulted from a 3% increase in Direct Billable Bookings to 155 million and growth in the average booking fee rate during the three months ended March 31, 2019 due to a favorable mix and discrete shift in the distribution pricing structure for specific European carriers.
  • Airline Solutions—Revenue increased $6 million, or 3%, for the three months ended March 31, 2019 compared to the same period in the prior year. The $6 million increase in revenue primarily resulted from:
  • Hospitality Solutions—Revenue increased $5 million, or 7%, for the three months ended March 31, 2019 compared to the same period in the prior year. The increase was primarily driven by growth in SynXis Software and Services Revenue of $4 million, or 7%, due to an increase in transaction-based volumes of 6 million or 36%, which includes the migration of certain brands of Wyndham Hotels over the first half of 2018. The migration of these enterprise hotel brands impacted the average rate of our transaction revenue for the three months ended March 31, 2019 versus the prior comparative period.
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H.S. junior Avg
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