CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | |||||||
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Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
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Income Statement [Abstract] | |||||||||
Revenue | $ 785,002 | $ 672,480 | $ 2,202,441 | $ 1,985,275 | |||||
Cost of revenue | [1],[2] | 509,906 | 441,052 | 1,440,030 | 1,315,669 | ||||
Selling, general and administrative | [2] | 166,324 | 113,581 | 412,042 | 351,970 | ||||
Operating income | 108,772 | 117,847 | 350,369 | 317,636 | |||||
Other income (expense): | |||||||||
Interest expense, net | (40,581) | (50,153) | (129,643) | (167,332) | |||||
Loss on extinguishment of debt | 0 | 0 | (33,235) | (33,538) | |||||
Joint venture equity income | 372 | 2,867 | 14,198 | 9,367 | |||||
Other, net | 92,568 | 1,124 | 88,320 | (839) | |||||
Total other income (expense), net | 52,359 | (46,162) | (60,360) | (192,342) | |||||
Income from continuing operations before income taxes | 161,131 | 71,685 | 290,009 | 125,294 | |||||
Provision for income taxes | 38,007 | 30,456 | 84,966 | 55,651 | |||||
Income from continuing operations | 123,124 | 41,229 | 205,043 | 69,643 | |||||
Income (loss) from discontinued operations, net of tax | 53,892 | (3,946) | 213,499 | (44,652) | |||||
Net income | 177,016 | 37,283 | 418,542 | 24,991 | |||||
Net income attributable to noncontrolling interests | 676 | 720 | 2,501 | 2,168 | |||||
Net income attributable to Sabre Corporation | 176,340 | 36,563 | 416,041 | 22,823 | |||||
Preferred stock dividends | 0 | 0 | 0 | 11,381 | |||||
Net income attributable to common stockholders | $ 176,340 | $ 36,563 | $ 416,041 | $ 11,442 | |||||
Basic net income per share attributable to common stockholders: | |||||||||
Income from continuing operations (in dollars per share) | $ 0.44 | $ 0.15 | $ 0.74 | $ 0.24 | |||||
Income (loss) from discontinued operations (in dollars per share) | 0.20 | (0.01) | 0.78 | (0.19) | |||||
Net income per common share (in dollars per share) | 0.64 | 0.14 | 1.53 | 0.05 | |||||
Diluted net income per share attributable to common stockholders: | |||||||||
Income from continuing operations (in dollars per share) | 0.44 | 0.15 | 0.73 | 0.24 | |||||
Income (loss) from discontinued operations (in dollars per share) | 0.19 | (0.01) | 0.77 | (0.19) | |||||
Net income per common share (in dollars per share) | $ 0.63 | $ 0.13 | $ 1.49 | $ 0.05 | |||||
Weighted-average common shares outstanding: | |||||||||
Basic (in shares) | 275,471 | 264,768 | 272,224 | 229,405 | |||||
Diluted (in shares) | 281,395 | 273,330 | 278,848 | 237,994 | |||||
Dividends per common share (in dollars per share) | $ 0.09 | $ 0.09 | $ 0.27000 | $ 0.09000 | |||||
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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