Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 350

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 350
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 — |   |     | $          | 8,764 |
| Two Months Ended February 28,              
 2022 (Predecessor)(2)                      |     | $                   | 33,881 |     |            |  2,213 |     |               | (33,836 | ) |     | $          |  2,258 |     | $               | 8,764 |     |            |   (774 | ) |     |                 | (2,022 | ) |     | $          | 5,968 |
| Ten Months Ended December 31, 2022         
 (Successor)(3)                             |     | $                   |  2,258 |     |            | 25,461 |     |               | (5,976  | ) |     | $          | 21,743 |     | $               | 5,968 |     |            | (1,290 | ) |     |                 | (1,557 | ) |     | $          | 3,121 |
| Year Ended December 31, 2023 (Successor)   |     | $                   | 21,743 |     |            | 13,736 |     |               | (5,804  | ) |     | $          | 29,675 |     | $               | 3,121 |     |            | (2,391 | ) |     |                 |    806 |   |     | $          | 1,536 |

| (1) | Reflects uncollectible accounts written off, net of recoveries. |

| (2) | As of February 28, 2022, the fair value of our net accounts receivable and contract assets balances              
 approximated their carrying values; therefore, no fair value adjustment for Fresh Start Accounting was required. |

| (3) | Upon application of Fresh Start Accounting, the Company identified certain receivables and contract assets that                                                                                                                             
 met the definition of purchased financial assets with credit deterioration in accordance with ASC 326, Financial Instruments—Credit Losses. Therefore, the Company recognized allowances with corresponding increases to the amortized cost 
 bases of receivables and contract assets as of the Fresh Start Reporting Date.                                                                                                                                                              |

(g) Satellites and Other Property and Equipment Satellites and other property and equipment are stated at historical cost, except for satellites that have been impaired. Satellites and other property and equipment acquired as