$EPAM
EPAM Systems, Inc. Stock $epam

$epam Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000135201018000022 Filed on May 10, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$424.1M	$324.7M
YoY Change	30.65%	22.75%
Cost Of Revenue	$277.6M	$207.7M
YoY Change	33.65%	24.11%
Gross Profit	$146.5M	$116.9M
YoY Change	25.31%	20.41%
Gross Profit Margin	34.54%	36.01%
Selling, General & Admin	$89.64M	$79.28M
YoY Change	13.06%	28.93%
% of Gross Profit	61.18%	67.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.176M	$6.672M
YoY Change	22.54%	30.77%
% of Gross Profit	5.58%	5.71%
Operating Expenses	$89.64M	$79.28M
YoY Change	13.06%	28.93%
Operating Profit	$48.70M	$30.97M
YoY Change	57.26%	2.09%
Interest Expense	-$800.0K	-$2.400M
YoY Change	-66.67%	2300.0%
% of Operating Profit	-1.64%	-7.75%
Other Income/Expense, Net
YoY Change
Pretax Income	$47.90M	$28.60M
YoY Change	67.51%	-5.48%
Income Tax	-$16.52M	$4.954M
% Of Pretax Income	-34.49%	17.32%
Net Earnings	$64.42M	$23.64M
YoY Change	172.48%	-1.08%
Net Earnings / Revenue	15.19%	7.28%
Basic Earnings Per Share	$1.21	$0.46
Diluted Earnings Per Share	$1.15	$0.44
COMMON SHARES
Basic Shares Outstanding	53.08M shares	50.96M shares
Diluted Shares Outstanding	56.24M shares	53.89M shares

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$535.9M	$398.8M
YoY Change	34.38%	62.84%
Cash & Equivalents	$535.9M	$398.4M
Short-Term Investments		$400.0K
Other Short-Term Assets	$33.20M	$27.00M
YoY Change	22.96%	-15.36%
Inventory
Prepaid Expenses
Receivables	$262.3M	$176.7M
Other Receivables	$2.100M	$2.700M
Total Short-Term Assets	$970.2M	$708.0M
YoY Change	37.03%	28.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$96.83M	$75.96M
YoY Change	27.47%	18.15%
Goodwill	$150.3M	$110.3M
YoY Change	36.31%	-7.02%
Intangibles	$59.50M	$49.67M
YoY Change	19.8%	8.53%
Long-Term Investments
YoY Change
Other Assets	$16.51M	$10.63M
YoY Change	55.36%	111.02%
Total Long-Term Assets	$373.2M	$279.0M
YoY Change	33.78%	9.13%
TOTAL ASSETS
Total Short-Term Assets	$970.2M	$708.0M
Total Long-Term Assets	$373.2M	$279.0M
Total Assets	$1.343B	$987.0M
YoY Change	36.11%	22.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$8.474M	$3.256M
YoY Change	160.26%	-8.59%
Accrued Expenses	$89.10M	$32.45M
YoY Change	174.58%	13.28%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$179.9M	$122.9M
YoY Change	46.4%	14.27%
LONG-TERM LIABILITIES
Long-Term Debt	$25.00M	$25.00M
YoY Change	0.0%	-37.66%
Other Long-Term Liabilities	$21.09M	$3.954M
YoY Change	433.38%
Total Long-Term Liabilities	$21.09M	$3.954M
YoY Change	433.38%	-90.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$179.9M	$122.9M
Total Long-Term Liabilities	$21.09M	$3.954M
Total Liabilities	$288.1M	$151.9M
YoY Change	89.65%	1.09%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$53.00K	$51.00K
YoY Change	3.92%	4.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$177.0K	$177.0K
YoY Change	0.0%	14.94%
Treasury Stock Shares
Shareholders Equity	$1.055B	$835.1M
YoY Change
Total Liabilities & Shareholders Equity	$1.343B	$987.0M
YoY Change	36.11%	22.17%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$64.42M	$23.64M
YoY Change	172.48%	-1.08%
Depreciation, Depletion And Amortization	$8.176M	$6.672M
YoY Change	22.54%	30.77%
Cash From Operating Activities	$7.330M	$29.10M
YoY Change	-74.81%	167.89%
INVESTING ACTIVITIES
Capital Expenditures	$10.71M	$5.725M
YoY Change	87.09%	-7.44%
Acquisitions	$50.26M	$0.00
YoY Change
Other Investing Activities	-$811.0K	$276.0K
YoY Change	-393.84%	203.3%
Cash From Investing Activities	-$60.16M	-$5.661M
YoY Change	962.78%	-124.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$4.016M	$7.882M
YoY Change	-49.05%	-19.48%
NET CHANGE
Cash From Operating Activities	$7.330M	$29.10M
Cash From Investing Activities	-$60.16M	-$5.661M
Cash From Financing Activities	$4.016M	$7.882M
Net Change In Cash	-$45.78M	$34.27M
YoY Change	-233.58%	-22.24%
FREE CASH FLOW
Cash From Operating Activities	$7.330M	$29.10M
Capital Expenditures	$10.71M	$5.725M
Free Cash Flow	-$3.381M	$23.37M
YoY Change	-114.47%	399.81%

Facts In Submission

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CY2018Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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CY2018Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Document Type DocumentType	10-Q
CY2018Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001352010
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CY2018Q1	dei	Trading Symbol TradingSymbol	EPAM
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CY2017Q1	epam	Originationof Loans Receivable OriginationofLoansReceivable	370000	USD
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CY2017Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	276000	USD
CY2018Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	18000	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2694000	USD
CY2018Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	106000	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2018Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	50264000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5725000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10711000	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	23196000	USD
CY2018Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	33154000	USD
CY2017Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	689000	USD
CY2018Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	519000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	10606000	USD
CY2018Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	7588000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	86419000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	96825000	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-517000	USD
CY2018Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	199000	USD
CY2017Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	30000	USD
CY2018Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	3466000	USD
CY2017Q4	us-gaap	Restricted Cash RestrictedCash	270000	USD
CY2018Q1	us-gaap	Restricted Cash RestrictedCash	1220000	USD
CY2017Q4	us-gaap	Retained Earnings Unappropriated RetainedEarningsUnappropriated	518820000	USD
CY2018Q1	us-gaap	Retained Earnings Unappropriated RetainedEarningsUnappropriated	583695000	USD
CY2018Q1	us-gaap	Retained Earnings Unappropriated RetainedEarningsUnappropriated	519277000	USD
CY2017Q1	us-gaap	Revenues Revenues	324651000	USD
CY2018Q1	us-gaap	Revenues Revenues	424148000	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	324651000	USD
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	424148000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	78453000	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	87777000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	15776000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	16596000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	974947000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	1055348000	USD
CY2017Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	40860000	USD
CY2018Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	52264000	USD
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	177000	USD
CY2018Q1	us-gaap	Treasury Stock Value TreasuryStockValue	177000	USD
CY2017Q4	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	86500000	USD
CY2018Q1	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	136807000	USD
CY2018Q1	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	86422000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	53888747	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	53889000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56240539	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	56241000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	50958089	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	53078529	shares
CY2018Q1	us-gaap	Revenue Recognition Deferred Revenue RevenueRecognitionDeferredRevenue	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contract liabilities comprise amounts billed to its clients for revenues not yet earned. Such amounts are anticipated to be recorded as revenues when services are performed in subsequent periods.</font></div></div>
CY2018Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of these condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates, and such differences may be material to the condensed consolidated financial statements. Operating results for the interim periods are not necessarily indicative of results that may be expected to occur for the entire year. In management’s opinion, all adjustments considered necessary for a fair presentation of the accompanying unaudited condensed consolidated financial statements have been included, and all adjustments are of a normal and recurring nature.</font></div></div>

Files In Submission

Name	View Source	Status
0001352010-18-000022-index-headers.html	Edgar Link	pending
0001352010-18-000022-index.html	Edgar Link	pending
0001352010-18-000022.txt	Edgar Link	pending
0001352010-18-000022-xbrl.zip	Edgar Link	pending
epam-20180331.xml	Edgar Link	completed
epam-20180331.xsd	Edgar Link	pending
epam-20180331_cal.xml	Edgar Link	unprocessable
epam-20180331_def.xml	Edgar Link	unprocessable
epam-20180331_lab.xml	Edgar Link	unprocessable
epam-20180331_pre.xml	Edgar Link	unprocessable
epam-2018331x10q.htm	Edgar Link	pending
exhibit311q12018.htm	Edgar Link	pending
exhibit312q12018.htm	Edgar Link	pending
exhibit321q12018.htm	Edgar Link	pending
exhibit322q12018.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$EPAM
EPAM Systems, Inc. Stock $epam

2018 Q1 Form 10-Q Financial Statement

#000135201018000022 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EPAM EPAM Systems, Inc. Stock $epam

2018 Q1 Form 10-Q Financial Statement

#000135201018000022 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EPAM
EPAM Systems, Inc. Stock $epam