Sabre (SABR) FY2022 results: revenue $2.5 billion, up 50.2% on the year
Sabre Corp. (SABR) reported revenue of $2.5 billion for fiscal 2022, the year ended 31 December 2022, up 50.2% on the year before. Net income was -$435 million, and diluted earnings per share $-1.40. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$2.5 billion
+50.2% on the year
FY2015FY2022
Operating margin
-10.3%
-39.4% a year earlier
FY2015FY2022
Net income
-$435 million
FY2015FY2022
Diluted EPS
-$1.40
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-280
-418
-773
Capital expenditure
69.5
54.3
65.4
+28.0%
Free cash flow
-349
-472
-839
Free cash flow margin
-13.8%
-28.0%
-62.9%
Cash from investing
174
-29.4
-1.3
Cash from financing
-75.4
-50.6
1,838
Depreciation and amortisation
185
262
364
-29.6%
Share-based compensation
82.9
121
69.9
-31.4%
Buybacks
n/a
0.0
0.0
Dividends paid
0.0
0.0
38.5
Dividend per share
$0.00
$0.00
$0.14
Diluted shares, weighted
327m
321m
290m
+1.8%
Shares outstanding at period end
329m
324m
317m
+1.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-873
-500
285
Redeemable equity
0.0
n/a
n/a
Debt
4,839
4,807
4,808
+0.7%
Operating lease liabilities
68.1
79.4
97.4
-14.2%
Finance lease liabilities
n/a
n/a
0.0
Other liabilities
929
905
888
+2.6%
Total liabilities and equity
4,963
5,291
6,078
-6.2%
Goodwill
2,542
2,470
2,637
+2.9%
Intangible assets
410
441
511
-6.9%
Cash and equivalents
795
978
1,500
-18.8%
Receivables
354
260
255
+36.0%
Other assets
862
1,142
1,175
-24.5%
Total assets
4,963
5,291
6,078
-6.2%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.