$EPAM
EPAM Systems, Inc.

2012 Q4 Form 10-K Financial Statement

#000135201014000007 Filed on March 11, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $125.5M $110.1M $103.8M
YoY Change 31.97% 27.37% 29.47%
Cost Of Revenue $77.28M $69.10M $63.80M
YoY Change 30.13% 33.84% 30.7%
Gross Profit $48.25M $40.98M $40.00M
YoY Change 35.02% 17.77% 27.54%
Gross Profit Margin 38.44% 37.23% 38.53%
Selling, General & Admin $26.38M $21.15M $20.71M
YoY Change 42.5% 33.69% 23.24%
% of Gross Profit 54.66% 51.62% 51.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.200M $3.100M $2.400M
YoY Change 77.78% 47.62% -33.33%
% of Gross Profit 6.63% 7.56% 6.0%
Operating Expenses $26.38M $21.15M $20.71M
YoY Change 42.5% 33.69% 23.24%
Operating Profit $18.66M $16.74M $16.83M
YoY Change 20.93% -0.92% 54.72%
Interest Expense $400.0K -$100.0K -$900.0K
YoY Change -500.0% -94.74% 200.0%
% of Operating Profit 2.14% -0.6% -5.35%
Other Income/Expense, Net
YoY Change
Pretax Income $19.04M $16.59M $15.90M
YoY Change 24.05% 10.76% 49.92%
Income Tax $4.041M $2.522M $2.575M
% Of Pretax Income 21.22% 15.2% 16.2%
Net Earnings $15.00M $14.07M $13.32M
YoY Change 21.12% 0.82% 60.94%
Net Earnings / Revenue 11.95% 12.78% 12.83%
Basic Earnings Per Share $0.35 $0.33 $0.31
Diluted Earnings Per Share $0.32 $0.30 $0.29
COMMON SHARES
Basic Shares Outstanding 43.53M shares 42.78M shares 42.30M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.1M $107.4M $104.9M
YoY Change 34.12% 59.35%
Cash & Equivalents $118.1M $105.9M $104.9M
Short-Term Investments $1.000M $1.500M
Other Short-Term Assets $236.0K $18.10M $14.80M
YoY Change -6.35% 135.06%
Inventory
Prepaid Expenses $3.825M
Receivables $78.91M $67.87M $68.19M
Other Receivables $400.0K $0.00 $0.00
Total Short-Term Assets $251.0M $237.7M $224.8M
YoY Change 36.71% 49.1%
LONG-TERM ASSETS
Property, Plant & Equipment $53.14M $52.95M $40.22M
YoY Change 49.75% 55.27%
Goodwill $22.70M $11.31M $12.44M
YoY Change 177.86%
Intangibles $16.83M $6.014M $6.227M
YoY Change 1245.64%
Long-Term Investments
YoY Change
Other Assets $632.0K $578.0K $553.0K
YoY Change -76.51% -90.68%
Total Long-Term Assets $99.86M $75.05M $63.22M
YoY Change 91.85% 48.9%
TOTAL ASSETS
Total Short-Term Assets $251.0M $237.7M $224.8M
Total Long-Term Assets $99.86M $75.05M $63.22M
Total Assets $350.8M $312.7M $288.0M
YoY Change 48.89% 49.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.095M $2.558M $4.345M
YoY Change 124.58% 34.63%
Accrued Expenses $19.81M $13.49M $10.30M
YoY Change -20.05% -14.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.35M $46.07M $43.90M
YoY Change 11.72% 15.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.500M $1.200M $1.200M
YoY Change 108.33% 20.0%
Total Long-Term Liabilities $2.500M $1.200M $1.200M
YoY Change 108.33% 20.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.35M $46.07M $43.90M
Total Long-Term Liabilities $2.500M $1.200M $1.200M
Total Liabilities $64.53M $47.57M $45.39M
YoY Change 18.16% 16.02%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $44.00K $43.00K $43.00K
YoY Change 158.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.697M $11.67M $11.67M
YoY Change -45.55%
Treasury Stock Shares
Shareholders Equity $286.3M $265.2M $242.6M
YoY Change
Total Liabilities & Shareholders Equity $350.8M $312.7M $288.0M
YoY Change 48.89% 49.06%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $15.00M $14.07M $13.32M
YoY Change 21.12% 0.82% 60.94%
Depreciation, Depletion And Amortization $3.200M $3.100M $2.400M
YoY Change 77.78% 47.62% -33.33%
Cash From Operating Activities $35.80M $11.10M $6.300M
YoY Change 36.12% -36.21% -41.67%
INVESTING ACTIVITIES
Capital Expenditures -$3.400M -$14.10M -$5.700M
YoY Change -2.86% 113.64% -18.57%
Acquisitions
YoY Change
Other Investing Activities -$25.00M -$700.0K -$7.100M
YoY Change 8233.33% -800.0% 7000.0%
Cash From Investing Activities -$28.20M -$14.90M -$12.80M
YoY Change 642.11% 132.81% 77.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.100M 3.600M -200.0K
YoY Change -920.0% -161.02% -104.17%
NET CHANGE
Cash From Operating Activities 35.80M 11.10M 6.300M
Cash From Investing Activities -28.20M -14.90M -12.80M
Cash From Financing Activities 4.100M 3.600M -200.0K
Net Change In Cash 11.70M -200.0K -6.700M
YoY Change -46.82% -103.92% -179.76%
FREE CASH FLOW
Cash From Operating Activities $35.80M $11.10M $6.300M
Capital Expenditures -$3.400M -$14.10M -$5.700M
Free Cash Flow $39.20M $25.20M $12.00M
YoY Change 31.54% 5.0% -32.58%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 epam Employee Housing Program Authorized Loan Amount
EmployeeHousingProgramAuthorizedLoanAmount
10000000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35

Files In Submission

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0001352010-14-000007-index.html Edgar Link pending
0001352010-14-000007.txt Edgar Link pending
0001352010-14-000007-xbrl.zip Edgar Link pending
epam-20131231.xml Edgar Link completed
epam-20131231.xsd Edgar Link pending
epam-20131231_cal.xml Edgar Link unprocessable
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epam-20131231_lab.xml Edgar Link unprocessable
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