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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,382937771583362199221
Cash and cash equivalents1,322937771583362199221
Short-term investments60      
Restricted cash and investments    2  
Receivables  402354659858
Prepaid expense   6554
Deferred costs    2 0
Deferred tax assets   122
Other current assets   5120
Other undisclosed current assets5315382612209213129
Total current assets:1,9131,4741,199960647529415
Noncurrent Assets
Operating lease, right-of-use asset229239
Property, plant and equipment17016510386746055
Long-term investments and receivables   2344
Accounts and financing receivable, after allowance for credit loss   2344
Intangible assets, net (including goodwill)264251224164161163105
Goodwill21219516712010911657
Intangible assets, net (excluding goodwill)52565745514748
Deposits noncurrent assets    000
Deferred income tax assets92 
Other noncurrent assets543916131143
Deferred tax assets, net7025311811
Other undisclosed noncurrent assets 75     
Total noncurrent assets:809770413290279250179
TOTAL ASSETS:2,7212,2441,6121,250926779594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities352286173132699284
Accounts payable10876335
Accrued liabilities2739 1886032
Employee-related liabilities295230986733 23
Taxes payable2196841252925
Debt 58     
Deferred compensation liability  1066  
Due to related parties  5039323225
Business combination, contingent consideration, liability110    36
Deferred revenue and credits  33
Deferred tax liabilities   01
Other undisclosed current liabilities113333049 (23)
Total current liabilities:466387263181116128125
Noncurrent Liabilities
Long-term debt and lease obligation, including:2525252525  
Operating lease, liability181181
Other undisclosed long-term debt and lease obligation(156)(156)252525  
Liabilities, other than long-term debt67556169325
Accounts payable and accrued liabilities43464460   
Deferred tax liabilities, net   25
Other liabilities2391893  
Other undisclosed noncurrent liabilities181181   35 
Total noncurrent liabilities:272261869428375
Total liabilities:738648349275144165130
Stockholders' equity
Stockholders' equity attributable to parent1,9831,5961,263975781613464
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(0)(4)
Additional paid in capital661607545474375303230
Accumulated other comprehensive loss(26)(31)(42)(18)(38)(35)(22)
Retained earnings1,3481,021760519444345261
Total stockholders' equity:1,9831,5961,263975781613464
TOTAL LIABILITIES AND EQUITY:2,7212,2441,6121,250926779594

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,6592,2941,8431,4501,160914730
Revenue, net1,4501,160914730
Cost of revenue(1,733)(1,488)(1,187)(921)(737)(567)(457)
Gross profit:927806656529423347273
Operating expenses(548)(503)(410)(353)(288)(240)(185)
Other operating expense, net   (3)(1)(1)(4)
Other undisclosed operating income      1
Operating income:37930324617313410686
Nonoperating income (expense)(1)(3)41(7)03
Investment income, nonoperating4945555
Foreign currency transaction gain (loss), before tax(5)(12)0(3)(12)(5)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (2)
Income from continuing operations before income taxes:37830025017412610687
Income tax expense(51)(38)(10)(102)(27)(22)(17)
Net income available to common stockholders, diluted:32726124073998470

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:32726124073998470
Comprehensive income:32726124073998470
Other undisclosed comprehensive income (loss), net of tax, attributable to parent610(24)20(3)(13)(20)
Comprehensive income, net of tax, attributable to parent:33327121693977149

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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