Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 411

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 411
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 money market funds. The carrying amount of these investments approximates fair value. Restricted cash represents legally restricted amounts primarily held as a compensating balance for certain outstanding letters of credit. The following table presents a reconciliation of cash, cash equivalents and restricted cash reported within our consolidated balance sheets to the total sum of these amounts reported in our consolidated statements of cash flows (in thousands):

|                                            |     |   | As of December 31, 
               2023 |     |   | As of December 31, 
               2024 |
|:-------------------------------------------|:----|:--|-------------------:|:----|:--|-------------------:|
| Cash and cash equivalents                  |     | $ |          1,259,291 |     | $ |            997,435 |
| Restricted cash                            |     |   |              4,665 |     |   |             11,223 |
| Restricted cash included in other assets   |     |   |             15,975 |     |   |              7,903 |
| Cash, cash equivalents and restricted cash |     | $ |          1,279,931 |     | $ |          1,016,561 |

(f) Receivables and Allowance for Credit Losses We provide satellite services and extend credit to numerous customers in the satellite communication, telecommunications and video markets, as well as the airline industry. We monitor our exposure to credit losses and maintain allowances for credit losses and anticipated losses. The Company’s methodology to measure the provision for credit losses considers all relevant information, including, but not limited to, information about historical collectability, current economic and market conditions, and reasonable and supportable forecasts of future economic conditions. We believe we have adequate customer collateral and reserves to cover our exposure. F-112

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 The following table presents a roll-forward of the allowance for credit losses related to accounts receivable and contract assets reported within our consolidated balance sheets (in thousands):

|                                                     |     | Accounts Receivable 
 Balance at          
 Beginning           
 of Period           |        |     | Charged to 
 Costs and  
 Expenses   |        |     | Deductions(1) |         |   |     | Balance   
 at End of 
 Period    |        |     | Contract Assets 
 Balance at      
 Beginning of    
 Period          |       |     | Charged to 
 Costs and  
 Expenses   |        |