Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 394

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 394
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 rate swaps and interest rate caps. We measure all derivatives at fair value and recognize them as either assets or liabilities on our consolidated balance sheets. Changes in the fair value of derivative instruments not qualifying as hedges are recognized in earnings in the current period. We do not have any derivative instruments that have been designated as accounting hedges. (q) Inventory Inventories consist primarily of telecommunications systems and parts associated with our Intelsat CA business and are recorded at the lower of cost or market. We evaluate the need for write-downs associated with obsolete, slow-moving and non-salableinventory by reviewing net realizable inventory values on a periodic basis. (r) Warranty We provide warranties on parts and labor related to our products for Intelsat CA. Our warranty terms range from one to five years. Warranty reserves are established for costs that are estimated to be incurred after the sale, delivery and installation of the products under warranty. The warranty reserves are determined based on known product failures, historical experience and other available evidence, and are included in “Other current liabilities” in our consolidated balance sheets. The following table provides a roll-forward of the warranty reserve reported within our consolidated balance sheets (in thousands):

|                                                  |     | Balance at 
 Beginning  
 of Period  |        |     | Accruals for 
 Warranties   
 Issued       |        |     | Settlements of 
 Warranties     |         |   |     | Fresh Start    
 Adjustments(1) |       |     | Balance at End 
 of Period      |        |
|:-------------------------------------------------|:----|:-----------|-------:|:----|:-------------|-------:|:----|:---------------|:--------|:--|:----|:---------------|------:|:----|:---------------|-------:|
| Two Months Ended February 28, 2022 (Predecessor) |     |            | 18,469 |     |              |    961 |     |                | (1,116  | ) |     |                | 6,480 |     | $              | 24,794 |
| Ten Months Ended December 31, 2022 (Successor)   |     | $          | 24,794 |     |              |  9,858 |     |                | (7,883  | ) |     |                |     — |     | $              | 26,769 |
| Year Ended December 31, 2023 (Successor)