$EPAM
EPAM Systems, Inc.

2023 Q4 Form 10-Q Financial Statement

#000135201023000051 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $1.157B $1.152B $1.227B
YoY Change -6.01% -6.1% 24.11%
Cost Of Revenue $797.6M $794.3M $826.8M
YoY Change -4.21% -3.93% 26.54%
Gross Profit $359.6M $357.9M $400.1M
YoY Change -9.77% -10.56% 19.38%
Gross Profit Margin 31.08% 31.06% 32.61%
Selling, General & Admin $214.0M $194.8M $198.0M
YoY Change 4.4% -1.61% 16.83%
% of Gross Profit 59.5% 54.44% 49.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.16M $23.00M $21.88M
YoY Change 0.05% 5.14% 1.55%
% of Gross Profit 6.44% 6.43% 5.47%
Operating Expenses $237.1M $194.8M $198.0M
YoY Change 3.96% -1.61% 16.83%
Operating Profit $122.5M $114.0M $180.2M
YoY Change -28.15% -36.73% 25.05%
Interest Expense $4.909M $17.80M $10.92M
YoY Change -84.0% 63.02% -224.56%
% of Operating Profit 4.01% 15.61% 6.06%
Other Income/Expense, Net
YoY Change
Pretax Income $127.4M $131.9M $191.1M
YoY Change -36.67% -31.02% 41.22%
Income Tax $29.85M $34.65M $35.09M
% Of Pretax Income 23.43% 26.28% 18.36%
Net Earnings $97.55M $97.20M $156.1M
YoY Change -37.08% -37.71% 34.93%
Net Earnings / Revenue 8.43% 8.44% 12.72%
Basic Earnings Per Share $1.68 $2.72
Diluted Earnings Per Share $1.66 $1.65 $2.63
COMMON SHARES
Basic Shares Outstanding 57.70M shares 57.96M shares 57.37M shares
Diluted Shares Outstanding 58.95M shares 59.36M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.097B $1.933B $1.548B
YoY Change 20.4% 24.91% 22.2%
Cash & Equivalents $2.036B $1.873B $1.488B
Short-Term Investments $60.74M $60.40M $60.22M
Other Short-Term Assets $97.36M $78.80M $63.03M
YoY Change 14.11% 25.02% -9.94%
Inventory
Prepaid Expenses
Receivables $897.0M $913.0M $917.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.091B $2.925B $2.528B
YoY Change 12.02% 15.72% 20.83%
LONG-TERM ASSETS
Property, Plant & Equipment $235.1M $239.7M $209.7M
YoY Change -14.01% 14.28% 18.55%
Goodwill $562.5M $548.2M $505.5M
YoY Change 6.31% 8.43% 30.8%
Intangibles $71.12M $69.73M $79.22M
YoY Change -8.41% -11.98% 6.23%
Long-Term Investments
YoY Change
Other Assets $59.58M $55.59M $50.72M
YoY Change 24.43% 9.6% -10.92%
Total Long-Term Assets $1.261B $1.237B $1.208B
YoY Change 0.92% 2.43% 5.01%
TOTAL ASSETS
Total Short-Term Assets $3.091B $2.925B $2.528B
Total Long-Term Assets $1.261B $1.237B $1.208B
Total Assets $4.352B $4.162B $3.736B
YoY Change 8.56% 11.42% 15.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.99M $25.42M $28.29M
YoY Change 3.7% -10.16% 249.84%
Accrued Expenses $574.1M $531.7M $657.5M
YoY Change -9.11% -19.13% 12.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $7.790M
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $644.9M $613.6M $728.0M
YoY Change -13.72% -15.71% 15.08%
LONG-TERM LIABILITIES
Long-Term Debt $26.13M $27.50M $28.20M
YoY Change -5.66% -2.48% 12.68%
Other Long-Term Liabilities $100.6M $112.8M $40.73M
YoY Change -7.43% 177.06% -24.29%
Total Long-Term Liabilities $126.7M $140.3M $68.93M
YoY Change -7.07% 103.61% -12.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $644.9M $613.6M $728.0M
Total Long-Term Liabilities $126.7M $140.3M $68.93M
Total Liabilities $880.9M $862.3M $977.0M
YoY Change -12.45% -11.74% 8.18%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $58.00K $58.00K $57.00K
YoY Change 0.0% 1.75% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $118.0K
YoY Change -33.33%
Treasury Stock Shares
Shareholders Equity $3.471B $3.299B $2.757B
YoY Change
Total Liabilities & Shareholders Equity $4.352B $4.162B $3.736B
YoY Change 8.56% 11.42% 15.22%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $97.55M $97.20M $156.1M
YoY Change -37.08% -37.71% 34.93%
Depreciation, Depletion And Amortization $23.16M $23.00M $21.88M
YoY Change 0.05% 5.14% 1.55%
Cash From Operating Activities $171.3M $214.9M $252.4M
YoY Change -7.92% -14.85% 22.48%
INVESTING ACTIVITIES
Capital Expenditures $10.02M $3.600M -$18.71M
YoY Change -53.41% -119.24% -11.38%
Acquisitions
YoY Change
Other Investing Activities -$10.65M -$7.000M -$9.992M
YoY Change 10.46% -29.94% -75.01%
Cash From Investing Activities -$20.67M -$10.60M -$28.70M
YoY Change -33.63% -63.07% -53.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.37M -80.60M 568.0K
YoY Change -378.1% -14290.14% -87.37%
NET CHANGE
Cash From Operating Activities 171.3M 214.9M 252.4M
Cash From Investing Activities -20.67M -10.60M -28.70M
Cash From Financing Activities -22.37M -80.60M 568.0K
Net Change In Cash 128.3M 123.7M 224.2M
YoY Change -21.28% -44.83% 50.04%
FREE CASH FLOW
Cash From Operating Activities $171.3M $214.9M $252.4M
Capital Expenditures $10.02M $3.600M -$18.71M
Free Cash Flow $161.3M $211.3M $271.1M
YoY Change -1.98% -22.05% 19.33%

Facts In Submission

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0 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
8684000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
6626000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1972000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2254000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2895000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3025000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-143417000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10066000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5632000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-75876000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
196145000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
40305000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1683636000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1449347000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1879781000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1872977000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1681344000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5441000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
430000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1363000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6804000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1879781000 usd
epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
7203000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
529072000 usd
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
87000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1519000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
548177000 usd
CY2023Q3 epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
1312000 usd
CY2022Q3 epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
3260000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
15495000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
15383000 usd
us-gaap Lease Cost
LeaseCost
49275000 usd
us-gaap Lease Cost
LeaseCost
51476000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
12383000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
13024000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
37628000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
43490000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3815000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6111000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10843000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30843000 usd
epam Rightof Use Asset Modified Operating Lease
RightofUseAssetModifiedOperatingLease
-2587000 usd
CY2023Q3 epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
1276000 usd
CY2022Q3 epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
3163000 usd
epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
7416000 usd
epam Operating Lease Liability Modification
OperatingLeaseLiabilityModification
-3946000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.024
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11491000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
41039000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
32609000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
26005000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16942000 usd
CY2023Q3 epam Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
32083000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
160169000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13543000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
146626000 usd
CY2023Q3 us-gaap Other Commitment
OtherCommitment
12300000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
7100000 usd
us-gaap Restructuring Charges
RestructuringCharges
7100000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
us-gaap Restructuring Charges
RestructuringCharges
7116000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
3379000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
3737000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
us-gaap Restructuring Charges
RestructuringCharges
7116000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
3379000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
3737000 usd
CY2023Q3 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
15000000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1152136000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3533283000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1226920000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3593395000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1152136000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3533283000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1226920000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3593395000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1152136000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3533283000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1226920000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3593395000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1152136000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3533283000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1226920000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3593395000 usd
CY2023Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
9200000 usd
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
7100000 usd
CY2022Q3 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
12300000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7200000 usd
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3100000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
27400000 usd
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
34000000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37847000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33287000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
109536000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
68292000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1923000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
98.92
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
114000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
295.73
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
292000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
34.59
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
304.41
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
4000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
332.74
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1738000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
121.77
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
253440000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y6M
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1452000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
88.07
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
250628000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
270000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
292.64
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
2739000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P8Y6M
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
26500000 usd
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2023Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P24M
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
318000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
543000 shares
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
78500000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
128400000 usd
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
371600000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.263
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.219
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.136
CY2023Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1700000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10900000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
15100000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
31400000 usd
CY2022Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1300000 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
8500000 usd
CY2023Q3 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
3600000 usd
us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
3600000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
97204000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
156054000 usd
us-gaap Net Income Loss
NetIncomeLoss
319529000 usd
us-gaap Net Income Loss
NetIncomeLoss
264377000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
97204000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
97204000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
156054000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
156054000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
319529000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
319529000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
264377000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
264377000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57853000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57420000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57850000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57194000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1095000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1937000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1293000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1914000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58948000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59357000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59143000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59108000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.68
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.62
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.47
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
452000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
410000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
158000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
252000 shares
CY2023Q3 us-gaap Purchase Obligation
PurchaseObligation
60000000 usd
CY2023Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
14200000 usd
CY2023Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
14000000 usd
CY2023Q3 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
15100000 usd
CY2023Q3 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
16700000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1152136000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1226920000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3533283000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3593395000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
114028000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
180227000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
378745000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
402489000 usd
CY2023Q3 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
13931000 usd
CY2022Q3 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
4228000 usd
us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
37162000 usd
us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
5642000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3893000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
6691000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-6725000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-102035000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
131852000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
191146000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
409182000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
306096000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
239654000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
273348000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1152136000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1226920000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3533283000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3593395000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true

Files In Submission

Name View Source Status
epam-20230930_pre.xml Edgar Link unprocessable
0001352010-23-000051-index-headers.html Edgar Link pending
0001352010-23-000051-index.html Edgar Link pending
0001352010-23-000051.txt Edgar Link pending
0001352010-23-000051-xbrl.zip Edgar Link pending
epam-20230930.htm Edgar Link pending
epam-20230930.xsd Edgar Link pending
epam-20230930_g1.gif Edgar Link pending
exhibit311q32023.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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epam-20230930_cal.xml Edgar Link unprocessable
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epam-20230930_htm.xml Edgar Link completed
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