EPAM Systems, Inc. (EPAM) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4471,382937771583362199
Cash and cash equivalents1,4471,322937771583362199
Short-term investments 60     
Restricted cash and investments     2 
Receivables   4023546598
Prepaid expense    655
Deferred costs     2 
Deferred tax assets   12
Other current assets    512
Other undisclosed current assets8235315382612209213
Total current assets:2,2691,9131,4741,199960647529
Noncurrent Assets
Operating lease, right-of-use asset185229239
Property, plant and equipment236170165103867460
Long-term investments and receivables    234
Accounts and financing receivable, after allowance for credit loss    234
Intangible assets, net (including goodwill)632264251224164161163
Goodwill531212195167120109116
Intangible assets, net (excluding goodwill)101525657455147
Deposits noncurrent assets     00
Deferred income tax assets14492 
Other noncurrent assets5754391613114
Deferred tax assets, net70253118
Other undisclosed noncurrent assets  75    
Total noncurrent assets:1,254809770413290279250
TOTAL ASSETS:3,5232,7212,2441,6121,250926779
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5983522861731326992
Accounts payable251087633
Accrued liabilities432739 18860
Employee-related liabilities503295230986733 
Taxes payable2721968412529
Debt16 58    
Deferred compensation liability   1066 
Due to related parties   50393232
Business combination, contingent consideration, liability9110    
Deferred revenue and credits  3
Deferred tax liabilities   0
Other undisclosed current liabilities140113333049 
Total current liabilities:763466387263181116128
Noncurrent Liabilities
Long-term debt and lease obligation, including:1732525252525 
Long-term debt, excluding current maturities30      
Operating lease, liability143181181
Other undisclosed long-term debt and lease obligation (156)(156)252525 
Liabilities, other than long-term debt916755616932
Accounts payable and accrued liabilities4243464460  
Deferred tax liabilities, net   2
Other liabilities482391893 
Other undisclosed noncurrent liabilities 181181   35
Total noncurrent liabilities:26427226186942837
Total liabilities:1,027738648349275144165
Stockholders' equity
Stockholders' equity attributable to parent2,4871,9831,5961,263975781613
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital712661607545474375303
Accumulated other comprehensive loss(54)(26)(31)(42)(18)(38)(35)
Retained earnings1,8301,3481,021760519444345
Stockholders' equity attributable to noncontrolling interest9      
Total stockholders' equity:2,4961,9831,5961,263975781613
TOTAL LIABILITIES AND EQUITY:3,5232,7212,2441,6121,250926779

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,7582,6592,2941,8431,4501,160914
Revenue, net1,4501,160914
Cost of revenue(2,484)(1,733)(1,488)(1,187)(921)(737)(567)
Gross profit:1,274927806656529423347
Operating expenses(732)(548)(503)(410)(353)(288)(240)
Other operating expense, net    (3)(1)(1)
Operating income:542379303246173134106
Nonoperating income (expense)(9)(1)(3)41(7)0
Investment income, nonoperating(2)494555
Foreign currency transaction gain (loss), before tax(7)(5)(12)0(3)(12)(5)
Income from continuing operations before income taxes:533378300250174126106
Income tax expense(52)(51)(38)(10)(102)(27)(22)
Net income available to common stockholders, diluted:482327261240739984

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:482327261240739984
Comprehensive income:482327261240739984
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(29)610(24)20(3)(13)
Comprehensive income, net of tax, attributable to parent:453333271216939771

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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