What is Sabre Cash, Cash Equivalents, Marketable Securities?
Sabre‘s quarterly cash, cash equivalents, marketable securities
declined
from Dec. 2023 ($700.18 Mil) to Mar. 2024 ($629.14 Mil) but then
stayed the same
from Mar. 2024 ($629.14 Mil) to Jun. 2024 ($612.61 Mil).
Sabre‘s annual cash, cash equivalents, marketable securities
declined
from Dec. 2021 ($978.35 Mil) to Dec. 2022 ($849.19 Mil) and
declined
from Dec. 2022 ($849.19 Mil) to Dec. 2023 ($700.18 Mil).
Sabre Cash, Cash Equivalents, Marketable Securities Calculation
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.
Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Sabre Cash, Cash Equivalents, Marketable Securities Related Terms
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Sabre Business Description
Traded in Other Exchanges
Address
3150 Sabre Drive, Southlake, TX, USA, 76092
Sabre holds the number-two air booking volume share in the global distribution system industry. The travel solutions segment represented 91% of total 2022 revenue, split between distribution (70% of segment sales) and airline IT solutions (30%) revenue. The company also has a growing hotel IT solutions division (10% of revenue). Transaction fees, which are mostly tied to volume and not price, account for the bulk of sales and profits.
Executives
| Sean E Menke | officer: Executive Vice President | C/O IHS INC., 15 INVERNESS WAY EAST, ENGLEWOOD CO 80112 |
| Joe Difonzo | officer: Executive Vice President | 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
| Gail Mandel | director | 22 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Michael O Randolfi | officer: Executive Vice President, CFO | C/O ORBITZ WORLDWIDE, 500 W. MADISON, SUITE 1000, CHICAGO IL 60661 |
| Kurt Joseph Ekert | officer: President | MORRIS CORPORATE CENTER III, 400 INTERPACE PKWY, BLDG A, PARSIPPANY NJ 07054 |
| Ann J. Bruder | officer: EVP and Chief Legal Officer | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
| Chadwick Ho | officer: EVP and Chief Legal Officer | 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
| Garry R Wiseman | officer: EVP and Chief Product Officer | C/O NAUTILUS, INC., 17750 SE 6TH WAY, VANCOUVER WA 98683 |
| Shawn G Williams | officer: EVP and Chief People Officer | 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
| Cem Tanyel | officer: EVP & Pres. Airline Solutions | 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
| David J Shirk | officer: Executive Vice President | C/O SABRE CORPORATION, 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
| Phyllis Newhouse | director | 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
| Wendi Christine Sturgis | director | C/O THE CONTAINER STORE GROUP, INC., 500 FREEPORT PARKWAY, COPPELL TX 75019 |
| John C Siciliano | director | C/O BKF CAPITAL GROUP, INC., ONE ROCKEFELLER PLAZA, NEW YORK NY 10020 |
| Judson Wade Jones | officer: Executive Vice President | 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
