Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 349

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 349
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   |      138,811 |     |   |       15,975 |
| Cash, cash equivalents and restricted cash |     | $ |      862,209 |     | $ |    1,279,931 |

F-107

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 (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. 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   |        |   |     | Recoveries      
 (Deductions)(1) |        |   |     | Balance at 
 End of     
 Period     |       |
|:-------------------------------------------|:----|:--------------------|-------:|:----|:-----------|-------:|:----|:--------------|:--------|:--|:----|:-----------|-------:|:----|:----------------|------:|:----|:-----------|-------:|:--|:----|:----------------|-------:|:--|:----|:-----------|------:|
| Year Ended December 31, 2021 (Predecessor) |     | $                   | 40,785 |     |            | 28,258 |     |               | (35,162 | ) |     | $          | 33,881 |     | $               | 3,889 |     |            |  4,875 |   |     |                 |