EPAM Systems, Inc. Website

EPAM Systems, Inc.

NYSE-EPAM

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

2,293.8

2,659.5

3,758.1

4,824.7

4,690.5

4,621.5

Total Revenues % Chg.

24.5%

15.9%

41.3%

28.4%

-2.8%

-4.5%

Cost of Goods Sold, Total

1,488.2

1,732.5

2,483.7

3,243

3,235.8

3,229.9

Gross Profit

805.6

927

1,274.4

1,581.7

1,454.7

1,391.6

Selling General & Admin Expenses, Total

457.4

484.8

645.1

776.5

778.2

764.5

Depreciation & Amortization

45.3

62.9

83.4

92.3

91.8

89.5

Other Operating Expenses

—

—

—

—

—

—

—

—

—

Other Operating Expenses, Total

502.8

547.6

728.5

868.8

870

854

Operating Income

302.9

379.3

545.9

713

584.8

537.6

Interest And Investment Income

10.5

4

7.1

22.4

53.9

60.3

Net Interest Expenses

10.5

4

7.1

22.4

53.9

60.3

Currency Exchange Gains (Loss)

-12

-4.7

-7.2

-75.7

-15.8

-5.9

Other Non Operating Income (Expenses)

—

—

—

—

—

—

1.6

—

—

—

—

EBT, Excl. Unusual Items

301.3

380.3

545.8

659.6

622.9

592

Restructuring Charges

—

—

—

—

—

—

—

—

—

-29

-29.4

Merger & Related Restructuring Charges

—

—

—

—

—

-3.6

—

—

—

Impairment of Goodwill

—

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Assets

—

—

—

—

—

—

—

—

—

-25.9

-25.9

Asset Writedown

—

—

—

—

—

—

—

—

—

—

0.6

Other Unusual Items

—

-1.8

-1.8

-8.8

-152.4

-31.4

-20.6

EBT, Incl. Unusual Items

299.5

378.5

533.4

507.3

536.6

516.7

Income Tax Expense

38.5

51.3

51.7

87.8

119.5

107.1

Earnings From Continuing Operations

261.1

327.2

481.7

419.4

417.1

409.6

Net Income

261.1

327.2

481.7

419.4

417.1

409.6

Net Income to Common Incl Extra Items

261.1

327.2

481.7

419.4

417.1

409.6

Net Income to Common Excl. Extra Items

261.1

327.2

481.7

419.4

417.1

409.6

Total Shares Outstanding

55.2

56.1

56.8

57.7

57.8

56.9

Weighted Avg. Shares Outstanding

54.7

55.7

56.5

57.3

57.8

57.8

Weighted Avg. Shares Outstanding Dil

57.7

58.4

59.1

59.2

59.1

58.7

EPS

4.8

5.9

8.5

7.3

7.2

7.1

EPS Diluted

4.5

5.6

8.2

7.1

7.1

7

EBITDA

347.7

441.1

628.2

804.1

675.4

626

Effective Tax Rate

12.8%

13.6%

9.7%

17.3%

22.3%

20.7%