$EPAM
EPAM Systems, Inc.

2020 Q2 Form 10-Q Financial Statement

#000135201020000031 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $632.4M $551.6M
YoY Change 14.65% 23.77%
Cost Of Revenue $419.5M $355.9M
YoY Change 17.88% 23.08%
Gross Profit $212.8M $195.7M
YoY Change 8.78% 25.05%
Gross Profit Margin 33.66% 35.47%
Selling, General & Admin $114.2M $111.8M
YoY Change 2.17% 19.82%
% of Gross Profit 53.65% 57.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.30M $11.00M
YoY Change 39.09% 23.6%
% of Gross Profit 7.19% 5.62%
Operating Expenses $114.2M $111.8M
YoY Change 2.17% 19.82%
Operating Profit $83.43M $72.88M
YoY Change 14.47% 34.38%
Interest Expense -$7.400M -$2.400M
YoY Change 208.33% -182.76%
% of Operating Profit -8.87% -3.29%
Other Income/Expense, Net
YoY Change
Pretax Income $76.08M $70.51M
YoY Change 7.89% 23.44%
Income Tax $9.452M $11.73M
% Of Pretax Income 12.42% 16.64%
Net Earnings $66.62M $58.78M
YoY Change 13.35% 16.96%
Net Earnings / Revenue 10.54% 10.66%
Basic Earnings Per Share $1.20 $1.07
Diluted Earnings Per Share $1.14 $1.02
COMMON SHARES
Basic Shares Outstanding 55.70M shares 54.68M shares
Diluted Shares Outstanding 58.25M shares 57.61M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.054B $777.4M
YoY Change 35.54% 33.09%
Cash & Equivalents $993.7M $777.4M
Short-Term Investments $60.00M
Other Short-Term Assets $37.70M $28.80M
YoY Change 30.9% -9.72%
Inventory
Prepaid Expenses
Receivables $506.9M $343.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.598B $1.286B
YoY Change 24.3% 25.51%
LONG-TERM ASSETS
Property, Plant & Equipment $167.4M $111.2M
YoY Change 50.54% 12.93%
Goodwill $199.0M $179.2M
YoY Change 11.06% 23.88%
Intangibles $55.89M $53.82M
YoY Change 3.84% -2.5%
Long-Term Investments
YoY Change
Other Assets $55.65M $21.24M
YoY Change 162.03% 64.83%
Total Long-Term Assets $790.8M $645.6M
YoY Change 22.48% 75.6%
TOTAL ASSETS
Total Short-Term Assets $1.598B $1.286B
Total Long-Term Assets $790.8M $645.6M
Total Assets $2.389B $1.931B
YoY Change 23.7% 38.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.596M $6.043M
YoY Change 25.7% -10.17%
Accrued Expenses $335.6M $96.03M
YoY Change 249.49% 32.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $365.6M $272.6M
YoY Change 34.1% 50.27%
LONG-TERM LIABILITIES
Long-Term Debt $25.04M $25.00M
YoY Change 0.18% 0.0%
Other Long-Term Liabilities $20.32M $9.803M
YoY Change 107.24% -40.3%
Total Long-Term Liabilities $45.36M $9.803M
YoY Change 362.72% -40.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $365.6M $272.6M
Total Long-Term Liabilities $45.36M $9.803M
Total Liabilities $636.0M $509.2M
YoY Change 24.91% 82.25%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $56.00K $55.00K
YoY Change 1.82% 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $177.0K $177.0K
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.753B $1.422B
YoY Change
Total Liabilities & Shareholders Equity $2.389B $1.931B
YoY Change 23.7% 38.73%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $66.62M $58.78M
YoY Change 13.35% 16.96%
Depreciation, Depletion And Amortization $15.30M $11.00M
YoY Change 39.09% 23.6%
Cash From Operating Activities $146.1M $44.00M
YoY Change 232.05% -26.05%
INVESTING ACTIVITIES
Capital Expenditures -$11.40M -$11.60M
YoY Change -1.72% 34.88%
Acquisitions
YoY Change
Other Investing Activities -$62.60M -$17.30M
YoY Change 261.85% -3560.0%
Cash From Investing Activities -$74.10M -$28.80M
YoY Change 157.29% 255.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.600M -2.000M
YoY Change 130.0% -126.32%
NET CHANGE
Cash From Operating Activities 146.1M 44.00M
Cash From Investing Activities -74.10M -28.80M
Cash From Financing Activities -4.600M -2.000M
Net Change In Cash 67.40M 13.20M
YoY Change 410.61% -77.63%
FREE CASH FLOW
Cash From Operating Activities $146.1M $44.00M
Capital Expenditures -$11.40M -$11.60M
Free Cash Flow $157.5M $55.60M
YoY Change 183.27% -18.36%

Facts In Submission

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6446000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
66624000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1753094000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1262596000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10425000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11890000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2943000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
3100000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
60754000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1338225000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10867000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10584000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2620000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1537000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
58777000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1422247000 USD
us-gaap Net Income Loss
NetIncomeLoss
152189000 USD
us-gaap Net Income Loss
NetIncomeLoss
119531000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
30166000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
21228000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
33834000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
25732000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3174000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
167000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2971000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1193000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
31320000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
37553000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4458000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3938000 USD
epam Increase Decreasein Trade Receivablesand Contract Assets
IncreaseDecreaseinTradeReceivablesandContractAssets
11842000 USD
epam Increase Decreasein Trade Receivablesand Contract Assets
IncreaseDecreaseinTradeReceivablesandContractAssets
75332000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1216000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1690000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
633000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2069000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-5835000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-42075000 USD
epam Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-30857000 USD
epam Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-25705000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-2016000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-19638000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
209411000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43827000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40524000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25025000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
60000000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12573000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
16240000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2248000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57193000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6838000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
5000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-26000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
20500000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1180000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-133571000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47445000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17144000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
22415000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15899000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13084000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
7869000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1104000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-24000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-19000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6648000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8208000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11999000 USD
us-gaap Use Of Estimates
UseOfEstimates
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.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">As previously disclosed in the Company’s </span><span style="background-color:rgb(255,255,255, 0.0);color:#212529;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Annual Report on Form 10-K</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> for the year ended December 31, 2019, certain amounts recorded in the prior-period consolidated statement of cash flows presented have been reclassified to conform to the current-period financial statement presentation. These reclassifications had no effect on previously reported results of operations.</span>
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1
CY2019Q4 us-gaap Goodwill
Goodwill
195043000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2670000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
199039000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
28801000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11676000 USD
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
The Company records changes in the fair value of its cash flow hedges in accumulated other comprehensive loss in the consolidated balance sheets until the forecasted transaction occurs. When the forecasted transaction occurs, the Company reclassifies the related gain or loss on the cash flow hedge to cost of revenues (exclusive of depreciation and amortization). In the event the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, the Company reclassifies the gain or loss on the related cash flow hedge into income.
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
If the Company does not elect hedge accounting, or the contract does not qualify for hedge accounting treatment, the changes in fair value from period to period are recorded in income.
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
40722000 USD
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company leases office space, corporate apartments, office equipment, and vehicles
us-gaap Lessee Operating Lease Variable Lease Payment Terms And Conditions
LesseeOperatingLeaseVariableLeasePaymentTermsAndConditions
Many of the Company’s leases contain variable payments including changes in base rent and charges for common area maintenance or other miscellaneous expenses
CY2020Q2 us-gaap Lease Cost
LeaseCost
19699000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
18201000 USD
us-gaap Lease Cost
LeaseCost
41737000 USD
us-gaap Lease Cost
LeaseCost
34915000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
16481000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
14105000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
33372000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
42928000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
53547000 USD
CY2020Q2 epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
-8566000 USD
CY2019Q2 epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
8324000 USD
epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
-3982000 USD
epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
3150000 USD
CY2020Q2 epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
-8562000 USD
CY2019Q2 epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
8358000 USD
epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
-3989000 USD
epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
3252000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
34183000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
59786000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
44318000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
32080000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
27677000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
67913000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
265957000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
23315000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
242642000 USD
us-gaap Lessee Operating Lease Lease Not Yet Commenced Description
LesseeOperatingLeaseLeaseNotYetCommencedDescription
The Company had committed to payments of $2,281 related to operating lease agreements that had not yet commenced as of June 30, 2020. These operating leases will commence on various dates during 2020 with lease terms ranging from 1.4 to 5.8 years
CY2020Q2 us-gaap Other Commitment
OtherCommitment
2281000 USD
us-gaap Lessee Finance Lease Lease Not Yet Commenced Description
LesseeFinanceLeaseLeaseNotYetCommencedDescription
The Company did not have any material finance lease agreements that had not yet commenced.
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
632383000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1283742000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
551587000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1072920000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
632383000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1283742000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
551587000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1072920000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
632383000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1283742000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
551587000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1072920000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
632383000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1283742000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
551587000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1072920000 USD
CY2020Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
-3669000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
4182000 USD
CY2019Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
7693000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
4119000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1325000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7862000 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
610000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3661000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19439000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15697000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31320000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37553000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.124
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.166
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.118
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.113
CY2020Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8129000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4741000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
19826000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
16254000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
66624000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
58777000 USD
us-gaap Net Income Loss
NetIncomeLoss
152189000 USD
us-gaap Net Income Loss
NetIncomeLoss
119531000 USD
CY2020Q2 epam Net Income Loss Available To Common Stockholders Basicand Diluted
NetIncomeLossAvailableToCommonStockholdersBasicandDiluted
66624000 USD
CY2019Q2 epam Net Income Loss Available To Common Stockholders Basicand Diluted
NetIncomeLossAvailableToCommonStockholdersBasicandDiluted
58777000 USD
epam Net Income Loss Available To Common Stockholders Basicand Diluted
NetIncomeLossAvailableToCommonStockholdersBasicandDiluted
152189000 USD
epam Net Income Loss Available To Common Stockholders Basicand Diluted
NetIncomeLossAvailableToCommonStockholdersBasicandDiluted
119531000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55700706 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54681959 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55493727 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54464753 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2545525 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2932325 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2700674 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2961810 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58246231 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57614284 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58194401 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57426563 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.19
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.08
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
146732 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
77925 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
168451 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
97327 shares
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
632383000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
551587000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1283742000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1072920000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
83426000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
72882000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
170935000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
137540000 USD
CY2020Q2 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
1817000 USD
CY2019Q2 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
1190000 USD
us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
4203000 USD
us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
4266000 USD
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-9167000 USD
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3562000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2643000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7046000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
76076000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
70510000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
172495000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
134760000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
167359000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
165259000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
632383000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
551587000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1283742000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1072920000 USD

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