Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 390

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 390
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 401(k) of the IRC for our employees in the United States. We recognized compensation expense for this plan of $13.3 million, $2.3 million, $12.1 million, and $15.5 million for the year ended December 31, 2021, two months ended February 28, 2022, ten months ended December 31, 2022 and year ended December 31, 2023, respectively. We also maintain other defined contribution retirement plans in several non-U.S.jurisdictions, but such plans are not material to our financial position or results of operations. Note 6—Satellites and Other Property and Equipment (a) Satellites and Other Property and Equipment, net Satellites and other property and equipment, net were composed of the following (in thousands):

|                                        |     |   |        As of 
 December 31, 
         2022 |   |     |   |        As of 
 December 31, 
         2023 |   |
|:---------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Satellites and launch vehicles         |     | $ |    3,752,842 |   |     | $ |    4,287,054 |   |
| Information systems and ground segment |     |   |      559,476 |   |     |   |    1,140,860 |   |
| Buildings and other                    |     |   |      286,649 |   |     |   |      319,688 |   |
| Total cost                             |     |   |    4,598,967 |   |     |   |    5,747,602 |   |
| Less: accumulated depreciation         |     |   |     (428,557 | ) |     |   |     (971,440 | ) |
| Total                                  |     | $ |    4,170,410 |   |     | $ |    4,776,162 |   |

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 part of an acquisition are stated based on their fair value at the date of acquisition. Upon the adoption of Fresh Start Accounting, we adjusted our satellites and other property and equipment balances to fair value. See Note 3—Fresh Start Accounting.