SABRE CORPORATION (NASDAQ:SABR) Files An 8-K Other Events

SABRE CORPORATION (NASDAQ:SABR) Files An 8-K Other EventsItem 8.01 Other Events.

As previously announced, effective the first quarter of 2018, Sabre Corporation (“we,” “us,” “our,” or the “Company”) has disaggregated the Airline and Hospitality Solutions reportable segment, such that our business has three reportable segments comprised of: (i)Travel Network, (ii)Airline Solutions and (iii)Hospitality Solutions. In conjunction with this change, we have modified the methodology we have historically used to allocate shared corporate technology costs. Each segment now reflects a portion of our shared corporate costs that historically were not allocated to a business unit, based on relative consumption of shared technology infrastructure costs and defined revenue metrics. These changes have no impact on our consolidated results of operations, but result in a decrease of segment profitability only, which aligns with information that our Chief Operating Decision Maker began utilizing in 2018 to evaluate segment performance and allocate resources.

Exhibit 99.1 to this Current Report on Form 8-K (the “Form 8-K”) contains the following items from our Annual Report on Form 10-K for the year ended December 31, 2017 (the “Form 10-K”) that have been recast for the disaggregation of our segments and the modification of our allocation of shared corporate costs described above:

	Part II, Item 6. Selected Financial Data;

	Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations; and

	Part II, Item 8. Financial Statements and Supplementary Data.

In addition, Exhibit 99.1 to this Form 8-K includes Schedule II — Valuation and Qualifying Accounts from Item 15. Exhibits and Financial Statement Schedules, of the Form 10-K, which is unchanged from the Form 10-K.

This Form 8-K is being filed only for the purposes described above, and all other information in the Form 10-K remains unchanged. In order to preserve the nature and character of the disclosures set forth in the Form 10-K, the items included in Exhibit 99.1 of this Form 8-K have been updated solely for matters relating specifically to the disaggregation of our segments and the modification of our allocation of shared corporate costs as described above. No attempt has been made in this Form 8-K to reflect events or occurrences after the date of the filing of the Form 10-K on February 16, 2018, and it should not be read to modify or update other disclosures as presented in the Form 10-K. As a result, this Form 8-K should be read in conjunction with the Form 10-K and the Company’s filings made with the Securities and Exchange Commission subsequent to the filing of the Form 10-K. References in the attached exhibits to the Form 10-K or parts thereof refer to the Form 10-K for the year ended December 31, 2017, filed on February 16, 2018, except to the extent portions of such Form 10-K have been revised in this Form 8-K, in which case they refer to the applicable revised portion in this Form 8-K.

Item 8.01	Financial Statements and Exhibits.

(d) Exhibits

Sabre Corp ExhibitEX-23.1 2 amended20188k-1qa11xconsen.htm EXHIBIT 23.1 CONSENT OF ERNST & YOUNG LLP Exhibit Exhibit 23.1Consent of Independent Registered Public Accounting FirmWe consent to the incorporation by reference in the following Registration Statements: (1)Registration Statement (Form S-3 No. 333-224616) and related Prospectus of Sabre Corporation,…To view the full exhibit click here
About SABRE CORPORATION (NASDAQ:SABR)
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. The Company operates in two segments: Sabre Travel Network, and Sabre Airline and Hospitality Solutions. The Sabre Travel Network segment is the Company’s global business-to-business travel marketplace for travel suppliers and travel buyers. The Sabre Airline and Hospitality Solutions segment offers a suite of software solutions primarily for airlines and hotel properties. The Company connects the travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. The Company does business in approximately 160 countries around the world.