Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 351

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 351
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 part of an acquisition are recorded based on their fair value at the date of acquisition. Capitalized costs consist primarily of the costs of satellite construction and launch, including launch insurance and insurance during the period of in-orbittesting, the net present value of performance incentives that are expected to be payable to the satellite manufacturers (dependent on the continued satisfactory performance of the satellites), costs directly associated with the monitoring and support of satellite construction, and interest costs incurred during the period of satellite construction. See Note 11—Leases and “ (u) Leases”below for a discussion regarding our finance lease accounting policies. F-108

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 We depreciate satellites and other property and equipment on a straight-line basis over the following estimated useful lives:

| Asset Description                            |     | Years |
| Buildings and improvements                   |     | 10—40 |
| Satellites and related costs                 |     | 10—18 |
| Ground segment equipment and software        |     | 4—15  |
| Furniture and fixtures and computer hardware |     | 3—12  |
| Leasehold improvements(1)                    |     | 2—13  |
| Network equipment                            |     | 5—25  |
| Finance leases                               |     | 2—12  |

| (1) | Leasehold improvements are depreciated over the shorter of the useful life of the improvement or the remaining 
 lease term.                                                                                                    |

(h) Other Assets Other assets primarily consist of investments in certain equity securities, equity method investments, loan receivables, right-of-use(“ROU”) assets, long-term restricted cash, long-term deposits and other miscellaneous deferred charges and long-term assets. See Note 7—Investments for additional discussion regarding equity securities, equity method investments and loan receivable accounting policies. See Note 11—Leases and “ (u) Leases”below for additional discussion regarding ROU asset accounting policies. (i) Goodwill and Other Intangible Assets We account for goodwill and other intangible assets in accordance with ASC 350, Intangibles—Goodwill and Other(“ASC 350”). Goodwill represents the excess of the consideration transferred plus the fair value of any noncontrolling interest in the acquiree at the acquisition date over the fair values of identifiable net assets of businesses acquired. Goodwill and certain other intangible assets deemed to have indefinite lives are not amortized but are