Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 429

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 429
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 reporting unit often involves the use of estimates and assumptions that require significant judgment, and that could have a substantial impact on whether or not an impairment charge is recognized and the magnitude of any such charge. Estimates of fair value are primarily determined using discounted cash flows and market transactions. These estimates involve making significant estimates and assumptions, including projected future cash flows (including timing), discount rates reflecting the risks inherent in future cash flows, perpetual growth rates, and the determination of appropriate market comparisons. The carrying amounts of goodwill consisted of the following (in thousands):

|                               |     |   | As of December 31, 
               2023 |   |     |   | As of December 31, 
               2024 |   |
|:------------------------------|:----|:--|-------------------:|:--|:----|:--|-------------------:|:--|
| Goodwill                      |     | $ |          1,395,942 |   |     | $ |          1,395,942 |   |
| Accumulated impairment losses |     |   |           (321,322 | ) |     |   |           (612,014 | ) |
| Net carrying amount           |     | $ |          1,074,620 |   |     | $ |            783,928 |   |

F-143

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 (b) Other Intangible Assets ARP Rights. The ARP Rights represent the Company’s entitlement to receive the Phase II ARP of $3.7 billion subject to the satisfaction of certain deadlines and other conditions. As of December 31, 2022, the carrying amount of the ARP Rights was $3.1 billion. As a result of validation of the Phase II Certification of Accelerated Relocation under the FCC Final Order, we derecognized the ARP Rights, upon which we recognized a “Gain on disposition of ARP rights” of $139.0 million within our consolidated statements of operations for the year ended December 31, 2023. As of October 19, 2023, the entire Phase II ARP proceeds of $3.7 billion were received. We recognized interest income on the ARP Rights of $268.7 million and $208.9 million for the ten months ended December 31, 2022 and year ended December 31, 2023, respectively, with no similar amount recognized for the two months ended February 28