Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 405

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 405
---
 42,825 |
| Customer relationships                      |     |                |                  44,670 |     |              | (4,313  | ) |     |              |  40,357 |     |                |                  44,670 |     |              | (9,129  | ) |     |              |  35,541 |
| Software and supplemental type certificates |     |                |                  72,742 |     |              | (16,766 | ) |     |              |  55,976 |     |                |                  84,230 |     |              | (33,883 | ) |     |              |  50,347 |
| Total                                       |     | $              |                 187,420 |     | $            | (34,179 | ) |     | $            | 153,241 |     | $              |                 198,908 |     | $            | (70,195 | ) |     | $            | 128,713 |

Intangible assets are amortized based on the expected pattern of consumption. Amortization expense was $42.2 million, $6.6 million, $34.2 million and $36.3 million for the year ended December 31, 2021, two months ended February 28, 2022, ten months ended December 31, 2022 and year ended December 31, 2023, respectively. In September 2023, we deemed it unlikely that we will be able to utilize certain supplemental type certificates and other assets. As a result, we recorded a non-cashimpairment charge of $6.4 million, which is included within “Impairment of goodwill and other intangible assets” in our consolidated statements of operations. Scheduled amortization charges for intangible assets over the next five years are as follows (in thousands):

| Year Ending December 31, 
 2024                     |     | Amount | 29,591 |
|:-------------------------|:----|:-------|-------:|
| 2025                     |     |        | 19,945 |
| 2026                     |     |        | 16,075 |
| 2027                     |     |        | 12,424 |
| 2028                     |     |        |  8,652 |

Our policy is to expense all costs incurred to renew or extend the terms of our intangible assets. F-146

Conf