Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 393

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 393
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 820”) defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 requires disclosure of the extent to which fair value is used to measure financial assets and liabilities, the inputs utilized in calculating valuation measurements, and the effect of the measurement of significant unobservable inputs on earnings or changes in net assets as of the measurement date. ASC 820 establishes a three-level valuation hierarchy based upon the transparency of inputs utilized in the measurement and valuation of financial assets or liabilities as of the measurement date. We apply fair value accounting for all financial assets and liabilities and non-financialassets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The fair value hierarchy prioritizes the inputs used in valuation techniques into three levels as follows:

| • |     | Level 1—unadjusted quoted prices for identical assets or liabilities in active markets; |

| • |     | Level 2—quoted prices for similar assets and liabilities in active markets, quoted prices for identical or                                                                                             
 similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be corroborated by observable market data by correlation; and |

| • |     | Level 3—unobservable inputs based upon the reporting entity’s internally developed assumptions which 
 market participants would use in pricing the asset or liability.                                     |

(e) Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less, which are generally time deposits with banks and 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                            |     |   |