$EPAM
EPAM Systems, Inc.

2020 Q4 Form 10-Q Financial Statement

#000135201020000040 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $723.5M $652.2M $632.8M
YoY Change 14.34% 10.91% 25.32%
Cost Of Revenue $465.8M $423.4M $410.1M
YoY Change 13.59% 12.15% 28.54%
Gross Profit $257.7M $228.9M $222.7M
YoY Change 15.71% 8.68% 19.8%
Gross Profit Margin 35.62% 35.09% 35.2%
Selling, General & Admin $128.9M $116.5M $125.0M
YoY Change 3.14% -1.98% 28.27%
% of Gross Profit 50.03% 50.92% 56.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.80M $15.90M $12.90M
YoY Change 30.23% 41.96% 27.72%
% of Gross Profit 6.52% 6.95% 5.79%
Operating Expenses $128.9M $116.5M $125.0M
YoY Change 3.14% -1.98% 28.27%
Operating Profit $112.0M $96.40M $84.75M
YoY Change 32.15% 19.65% 8.27%
Interest Expense -$10.00M $7.600M $100.0K
YoY Change -10100.0% -1366.67% -80.0%
% of Operating Profit -8.93% 7.88% 0.12%
Other Income/Expense, Net
YoY Change
Pretax Income $102.0M $104.0M $84.80M
YoY Change 20.31% 30.01% 7.65%
Income Tax $16.48M $14.53M $10.27M
% Of Pretax Income 16.15% 13.98% 12.11%
Net Earnings $85.54M $89.43M $74.52M
YoY Change 14.78% 33.48% 24.28%
Net Earnings / Revenue 11.82% 13.71% 11.78%
Basic Earnings Per Share $1.53 $1.60 $1.35
Diluted Earnings Per Share $1.46 $1.53 $1.29
COMMON SHARES
Basic Shares Outstanding 55.99M shares 55.88M shares 54.98M shares
Diluted Shares Outstanding 58.62M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.382B $1.221B $936.6M
YoY Change 47.58% 43.13% 21.54%
Cash & Equivalents $1.322B $1.161B $936.6M
Short-Term Investments $60.00M $60.10M
Other Short-Term Assets $29.60M $37.80M $39.90M
YoY Change -25.81% 28.57% 52.29%
Inventory
Prepaid Expenses
Receivables $501.1M $493.2M $497.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.913B $1.752B $1.474B
YoY Change 29.75% 28.4% 22.95%
LONG-TERM ASSETS
Property, Plant & Equipment $169.5M $163.7M $165.3M
YoY Change 2.59% 41.94% 61.0%
Goodwill $212.0M $207.8M $195.0M
YoY Change 8.67% 11.52% 16.91%
Intangibles $51.98M $54.32M $56.26M
YoY Change -7.61% -3.92% -1.41%
Long-Term Investments
YoY Change
Other Assets $53.96M $54.58M $39.43M
YoY Change 36.84% 55.5% 143.29%
Total Long-Term Assets $808.6M $803.2M $770.0M
YoY Change 5.01% 18.91% 86.56%
TOTAL ASSETS
Total Short-Term Assets $1.913B $1.752B $1.474B
Total Long-Term Assets $808.6M $803.2M $770.0M
Total Assets $2.721B $2.555B $2.244B
YoY Change 21.26% 25.26% 39.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.19M $10.79M $7.831M
YoY Change 30.11% 56.4% 5.2%
Accrued Expenses $417.8M $377.9M $360.7M
YoY Change 15.83% 193.77% 181.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $466.0M $414.8M $386.9M
YoY Change 20.42% 33.18% 47.22%
LONG-TERM LIABILITIES
Long-Term Debt $25.04M $25.04M $25.07M
YoY Change -0.14% 0.16% 0.3%
Other Long-Term Liabilities $23.27M $28.13M $9.315M
YoY Change 149.86% 102.97% -47.26%
Total Long-Term Liabilities $48.31M $53.17M $34.39M
YoY Change 40.49% 283.65% 94.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $466.0M $414.8M $386.9M
Total Long-Term Liabilities $48.31M $53.17M $34.39M
Total Liabilities $738.3M $695.2M $648.1M
YoY Change 13.93% 26.85% 85.58%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $56.00K $56.00K $55.00K
YoY Change 1.82% 1.82% 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $177.0K $177.0K $177.0K
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.983B $1.860B $1.596B
YoY Change
Total Liabilities & Shareholders Equity $2.721B $2.555B $2.244B
YoY Change 21.26% 25.26% 39.24%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $85.54M $89.43M $74.52M
YoY Change 14.78% 33.48% 24.28%
Depreciation, Depletion And Amortization $16.80M $15.90M $12.90M
YoY Change 30.23% 41.96% 27.72%
Cash From Operating Activities $159.4M $175.6M $124.6M
YoY Change 27.93% 47.44% 1.22%
INVESTING ACTIVITIES
Capital Expenditures -$18.50M -$9.800M -$47.00M
YoY Change -60.64% -64.1% 365.35%
Acquisitions
YoY Change
Other Investing Activities $500.0K -$5.900M -$10.80M
YoY Change -104.63% -54.26% -55.19%
Cash From Investing Activities -$18.00M -$15.60M -$57.80M
YoY Change -68.86% -61.19% 68.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 300.0K 5.500M 7.300M
YoY Change -95.89% 12.24% 247.62%
NET CHANGE
Cash From Operating Activities 159.4M 175.6M 124.6M
Cash From Investing Activities -18.00M -15.60M -57.80M
Cash From Financing Activities 300.0K 5.500M 7.300M
Net Change In Cash 141.7M 165.5M 74.10M
YoY Change 91.23% 97.49% -18.48%
FREE CASH FLOW
Cash From Operating Activities $159.4M $175.6M $124.6M
Capital Expenditures -$18.50M -$9.800M -$47.00M
Free Cash Flow $177.9M $185.4M $171.6M
YoY Change 3.67% 26.64% 28.83%

Facts In Submission

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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1753094000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12566000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5735000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
199000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-498000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
89432000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1262596000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1860234000 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
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1422247000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9909000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6326000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10114000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2163000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
67002000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1492117000 USD
us-gaap Net Income Loss
NetIncomeLoss
241621000 USD
us-gaap Net Income Loss
NetIncomeLoss
186533000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
46095000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
32355000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
50467000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
40203000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2794000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
133000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4546000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3105000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
54794000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
53024000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3225000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-7522000 USD
epam Increase Decreasein Trade Receivablesand Contract Assets
IncreaseDecreaseinTradeReceivablesandContractAssets
-3477000 USD
epam Increase Decreasein Trade Receivablesand Contract Assets
IncreaseDecreaseinTradeReceivablesandContractAssets
77833000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4261000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-237000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1836000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1844000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
30787000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-11230000 USD
epam Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-47023000 USD
epam Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-39230000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-2813000 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-23899000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
384975000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
162866000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
50311000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52295000 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
18888000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
28655000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
20500000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
5000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-452000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1632000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-149247000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87582000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
23027000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
28798000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16213000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14521000 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
-28000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-26000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1083000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13147000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10110000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5753000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
224535000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
82678000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
937688000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
771711000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1162223000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
854389000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1161065000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
936552000 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
1158000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
1136000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1162223000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
937688000 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="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="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="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>
CY2019Q4 us-gaap Goodwill
Goodwill
195043000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-422000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
207764000 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 condensed 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.
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
CY2020Q3 us-gaap Lease Cost
LeaseCost
20059000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
19734000 USD
us-gaap Lease Cost
LeaseCost
61796000 USD
us-gaap Lease Cost
LeaseCost
54649000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
17952000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
14709000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
51324000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
43510000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2277000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14251000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
45205000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
67798000 USD
CY2020Q3 epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
11726000 USD
CY2019Q3 epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
3233000 USD
epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
7744000 USD
epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
6383000 USD
CY2020Q3 epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
11708000 USD
CY2019Q3 epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
3199000 USD
epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
7719000 USD
epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
6451000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18334000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
63652000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
48523000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
35343000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
30360000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
71115000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
267327000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22285000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
245042000 USD
us-gaap Lessee Operating Lease Lease Not Yet Commenced Description
LesseeOperatingLeaseLeaseNotYetCommencedDescription
The Company had committed to payments of $5,724 related to operating lease agreements that had not yet commenced as of September 30, 2020. These operating leases will commence on various dates during 2020 with lease terms ranging from 1.0 to 5.0 years
CY2020Q3 us-gaap Other Commitment
OtherCommitment
5724000 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.
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652243000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1935985000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
588103000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1661023000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652243000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1935985000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
588103000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1661023000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652243000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1935985000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
588103000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1661023000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652243000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1935985000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
588103000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1661023000 USD
CY2020Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
9105000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
4719000 USD
CY2019Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
4915000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
7039000 USD
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
439000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8301000 USD
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
140000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3801000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23474000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15471000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
54794000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
53024000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.140
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.162
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.126
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.131
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9165000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4228000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
28991000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
20482000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
89432000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
67002000 USD
us-gaap Net Income Loss
NetIncomeLoss
241621000 USD
us-gaap Net Income Loss
NetIncomeLoss
186533000 USD
CY2020Q3 epam Net Income Loss Available To Common Stockholders Basicand Diluted
NetIncomeLossAvailableToCommonStockholdersBasicandDiluted
89432000 USD
CY2019Q3 epam Net Income Loss Available To Common Stockholders Basicand Diluted
NetIncomeLossAvailableToCommonStockholdersBasicandDiluted
67002000 USD
epam Net Income Loss Available To Common Stockholders Basicand Diluted
NetIncomeLossAvailableToCommonStockholdersBasicandDiluted
241621000 USD
epam Net Income Loss Available To Common Stockholders Basicand Diluted
NetIncomeLossAvailableToCommonStockholdersBasicandDiluted
186533000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55883879 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54877666 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55624727 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54603903 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2732227 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2966689 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2716451 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2963436 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58616106 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57844355 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58341178 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57567339 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.60
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.42
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.14
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
112757 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.24
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2627 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
40276 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
143617 shares
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652243000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
588103000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1935985000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1661023000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
96396000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
80565000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
267331000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
218105000 USD
CY2020Q3 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
1672000 USD
CY2019Q3 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
2509000 USD
us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
5875000 USD
us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
6775000 USD
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
5896000 USD
CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3105000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3253000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-10151000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
103964000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
79969000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
276459000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
214729000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
163689000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
165259000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652243000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
588103000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1935985000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1661023000 USD

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