EPAM Systems, Inc. (EPAM) financial statements (2021 and earlier)

Company profile

Business Address 41 UNIVERSITY DRIVE
NEWTOWN, PA 18940
State of Incorp. DE
Fiscal Year End December 31
SIC 7371 - Computer Programming Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments937771583362199221169
Cash and cash equivalents937771583362199221169
Restricted cash and investments   2   
Receivables 402354659858141
Prepaid expense  6554 
Deferred costs   2 01
Prepaid expense and other current assets14
Deferred tax assets   122 
Other current assets  5120 
Other undisclosed current assets53826122092131296
Total current assets:1,4741,199960647529415331
Noncurrent Assets
Operating lease, right-of-use asset239
Property, plant and equipment1651038674605553
Long-term investments and receivables  23444
Accounts and financing receivable, after allowance for credit loss  23444
Intangible assets, net (including goodwill)25122416416116310536
Goodwill1951671201091165722
Intangible assets, net (excluding goodwill)56574551474814
Deposits noncurrent assets   000 
Restricted cash and investments      0
Other noncurrent assets3916131143 
Prepaid expense and other noncurrent assets3
Deferred tax assets, net7025311811 
Other undisclosed noncurrent assets75     5
Total noncurrent assets:770413290279250179102
TOTAL ASSETS:2,2441,6121,250926779594433
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28617313269928451
Accounts payable8763353
Accrued liabilities39 188603220
Employee-related liabilities230986733 2314
Taxes payable9684125292514
Debt58      
Deferred compensation liability 1066   
Due to related parties 5039323225 
Business combination, contingent consideration, liability10    36
Deferred revenue and credits  335
Deferred tax liabilities   010
Other undisclosed current liabilities333049 (23)(1)
Total current liabilities:38726318111612812555
Noncurrent Liabilities
Long-term debt and lease obligation, including:25252525   
Operating lease, liability181
Other undisclosed long-term debt and lease obligation(156)252525   
Liabilities, other than long-term debt5561693252
Deferred revenue and credits    1
Accounts payable and accrued liabilities464460    
Accrued income taxes1
Deferred tax liabilities, net   250
Other liabilities91893   
Other undisclosed noncurrent liabilities181   35  
Total noncurrent liabilities:2618694283752
Total liabilities:64834927514416513057
Stockholders' equity
Stockholders' equity attributable to parent1,5961,263975781613464376
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(4)(9)
Additional paid in capital607545474375303230196
Accumulated other comprehensive loss(31)(42)(18)(38)(35)(22)(2)
Retained earnings1,021760519444345261191
Total stockholders' equity:1,5961,263975781613464376
TOTAL LIABILITIES AND EQUITY:2,2441,6121,250926779594433

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,2941,8431,4501,160914730555
Revenue, net1,4501,160914730555
Cost of revenue(1,488)(1,187)(921)(737)(567)(457)(348)
Gross profit:806656529423347273207
Operating expenses(503)(410)(353)(288)(240)(185)(132)
Other operating income (expense), net  (3)(1)(1)(4)1
Other undisclosed operating income     10
Operating income:3032461731341068676
Nonoperating income (expense)(3)41(7)030
Investment income, nonoperating9455553
Foreign currency transaction gain (loss), before tax(12)0(3)(12)(5)(2)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (2) 
Income from continuing operations before income taxes:3002501741261068777
Income tax expense(38)(10)(102)(27)(22)(17)(15)
Net income available to common stockholders, diluted:2612407399847062

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2612407399847062
Comprehensive income:2612407399847062
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10(24)20(3)(13)(20)(1)
Comprehensive income, net of tax, attributable to parent:2712169397714961

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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