Sabre (SABR) FY2021 results: revenue $1.7 billion, up 26.6% on the year
Sabre Corp. (SABR) reported revenue of $1.7 billion for fiscal 2021, the year ended 31 December 2021, up 26.6% on the year before. Net income was -$928 million, and diluted earnings per share $-2.96. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$1.7 billion
+26.6% on the year
FY2014FY2021
Operating margin
-39.4%
-74.1% a year earlier
FY2014FY2021
Net income
-$928 million
FY2014FY2021
Diluted EPS
-$2.96
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-418
-773
579
Capital expenditure
54.3
65.4
115
-17.0%
Free cash flow
-472
-839
464
Free cash flow margin
-28.0%
-62.9%
11.7%
Cash from investing
-29.4
-1.3
-243
Cash from financing
-50.6
1,838
-410
Depreciation and amortisation
262
364
311
-27.9%
Share-based compensation
121
69.9
66.9
+72.8%
Buybacks
0.0
0.0
77.6
Dividends paid
0.0
38.5
154
Dividend per share
$0.00
$0.14
$0.56
Diluted shares, weighted
321m
290m
276m
+10.7%
Shares outstanding at period end
324m
317m
274m
+2.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-500
285
948
Debt
4,807
4,808
3,364
-0.0%
Operating lease liabilities
79.4
97.4
50.0
-18.5%
Finance lease liabilities
n/a
0.0
0.1
Other liabilities
905
888
1,328
+1.9%
Total liabilities and equity
5,291
6,078
5,690
-12.9%
Fixed assets
n/a
n/a
642
Goodwill
2,470
2,637
2,633
-6.3%
Intangible assets
441
511
574
-13.8%
Cash and equivalents
978
1,500
436
-34.8%
Receivables
260
255
547
+1.7%
Other assets
1,142
1,175
859
-2.8%
Total assets
5,291
6,078
5,690
-12.9%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.