← EPAM Systems, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $99.3m | $72.8m | $240.3m | $261.1m | $327.2m | $481.7m | $419.4m | $417.1m | $454.5m | $377.7m | — | |
| Depreciation, Depletion and Amortization | $23.4m | $28.6m | $36.6m | $45.3m | $62.9m | $83.4m | $92.3m | $91.8m | $89.6m | $124.8m | $167.1m | |
| Amortization of Intangible Assets | $8.2m | $7.6m | $8.5m | $9.9m | $12.3m | $17.6m | $22.2m | $22.7m | $29.5m | $71.4m | — | |
| Depreciation | $15.2m | $21.0m | $28.5m | $35.4m | $50.5m | $65.5m | $69.0m | $68.2m | $59.4m | $53.1m | $167.1m | |
| Other Depreciation and Amortization | $23.4m | $28.6m | $36.6m | $45.3m | $62.9m | $83.4m | $92.3m | $91.8m | $89.6m | $124.8m | — | |
| Deferred Income Tax Expense (Benefit) | ($3.3m) | $12.6m | ($48.0m) | ($7.8m) | ($20.0m) | ($46.9m) | ($42.2m) | ($37.2m) | ($64.2m) | ($59.3m) | ($48.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $49.2m | $52.4m | $59.2m | $72.0m | $75.2m | $111.7m | $99.9m | $147.7m | $167.3m | $176.8m | $186.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $539k | $3.2m | $7.7m | $15.5m | $20.1m | $41.6m | $26.6m | $29.1m | $35.2m | $26.8m | — | |
| Share-based Payment Arrangement, Expense | $49.2m | $52.4m | $59.2m | $72.0m | $75.2m | $111.7m | $99.9m | $147.7m | $167.3m | $176.8m | $186.1m | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | $686k | — | — | — | $886k | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $30.6m | $58.7m | $31.0m | $87.2m | ($4.2m) | — | — | — | — | — | ($125.0m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $1.5m | $51k | $848k | $1.6m | $2.3m | $2.5m | $12.4m | $4.0m | ($4.4m) | $1.8m | ($125.0m) | |
| Increase (Decrease) in Accounts Payable | $741k | $1.2m | ($772k) | ($1.7m) | $2.4m | ($2.4m) | ($2.9m) | $154k | ($29.1m) | ($12.7m) | ($24.9m) | |
| Purchases of property and equipment, accrued but unpaid | $29.3m | $29.8m | $37.6m | $99.3m | $68.8m | $111.5m | $81.6m | $28.4m | $32.1m | $42.2m | ($56.2m) | |
| Other Operating Income (Expense), Net | ($1.2m) | ($2.7m) | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $164.8m |
$195.4m
+18.53%
|
$292.2m
+49.58%
|
$287.5m
-1.63%
|
$544.4m
+89.39%
|
$572.3m
+5.13%
|
$464.1m
-18.91%
|
$562.6m
+21.23%
|
$559.2m
-0.62%
|
$654.9m
+17.13%
|
$538.8m
-17.73%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $29.3m | $29.8m | $37.6m | $99.3m | $68.8m | $111.5m | $81.6m | $28.4m | $32.1m | $42.2m | ($56.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $5.5m | $6.8m | $74.3m | $39.3m | $18.9m | $315.0m | $10.6m | $24.8m | $912.2m | $3.4m | ($393k) | |
| Payments for (Proceeds from) Other Investing Activities | ($56k) | $1.5m | $699k | $6.7m | ($1.0m) | ($79k) | $29.0m | $7.8m | ($2.3m) | $3.3m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($9.3m) | ($36.2m) | ($112.1m) | ($145.4m) | ($167.2m) | ($368.9m) | ($182.9m) | ($66.8m) | ($885.0m) | ($49.0m) | ($57.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $31.1m | $1.8m | $825k | $8k | $5.7m | $185.7m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $164.9m | $398.0m | $662.2m | — | |
| Proceeds from (Payments for) Other Financing Activities | $135k | ($941k) | ($603k) | ($24k) | ($21k) | ($2.3m) | ($3.5m) | ($4.1m) | ($2.8m) | ($6.7m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $10.5m |
$49.7m
+375.27%
|
$23.0m
-53.76%
|
$20.4m
-11.47%
|
($765k)
-103.76%
|
($59.6m)
-7685.23%
|
($2.0m)
+96.61%
|
($165.8m)
-8102.52%
|
($390.4m)
-135.51%
|
($651.2m)
-66.80%
|
($723.0m)
-11.02%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $188.9m | $166.0m | $385.8m | $125.8m | $234.3m | $359.5m | ($752.7m) | $11.0m | $804.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $771.7m | $937.7m | $1.3b | $1.4b | $1.7b | $2.0b | $1.3b | $1.3b | $804.6m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($14.2m) | $3.5m | $9.4m | ($18.0m) | ($44.9m) | $29.4m | ($36.5m) | $56.3m | ($10.3m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $18.0m | $54.0m | $34.8m | $37.0m | $26.4m | $26.3m | $50.7m | $51.6m | $53.7m | $54.6m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $832k | $425k | $413k | $1.7m | $4.7m | $3.7m | $1.4m | — | |
| Income Taxes Paid, Net | — | — | — | $65.3m | $54.5m | $87.3m | $113.2m | $177.4m | $196.4m | $184.4m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($12.1m) | ($3.2m) | $487k | ($12.0m) | ($4.7m) | ($7.2m) | ($75.7m) | ($15.8m) | ($7.0m) | ($25.9m) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | ($25.9m) | $0 | $0 | — | |
| Goodwill | $109.3m | $119.5m | $166.8m | $195.0m | $212.0m | $530.7m | $529.1m | $562.5m | $1.2b | $1.2b | $886k | |
| Income Tax Expense (Benefit) | $27.2m | $101.5m | $9.5m | $38.5m | $51.3m | $51.7m | $87.8m | $119.5m | $129.9m | $127.9m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.