EPAM Systems Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	454.53	417.08	419.42	481.65
Depreciation & Amortization	126.1	131.6	138.96	144.04
Other Amortization	1	1.1	1.09	1.11
Loss (Gain) From Sale of Assets	-	25.92	-	-
Asset Writedown & Restructuring Costs	0.42	6.02	23.62	0.14
Stock-Based Compensation	167.3	147.73	99.91	111.66
Provision & Write-off of Bad Debts	-4.4	4.05	12.39	2.49
Other Operating Activities	-58.47	-45.7	-1.45	-33.91
Change in Accounts Receivable	15.59	32.36	-192.71	-211.68
Change in Accounts Payable	-29.08	0.15	-2.93	-2.4
Change in Income Taxes	-8.17	-33.39	3.6	3.57
Change in Other Net Operating Assets	-105.65	-124.29	-37.78	75.66
Operating Cash Flow	559.17	562.63	464.1	572.33
Operating Cash Flow Growth	-0.62%	21.23%	-18.91%	5.13%
Capital Expenditures	-32.15	-28.42	-81.63	-111.5
Cash Acquisitions	-912.16	-24.82	-10.64	-314.96
Investment in Securities	57.01	-3.6	-61.63	57.46
Other Investing Activities	2.31	-9.94	-29.03	0.08
Investing Cash Flow	-884.98	-66.77	-182.93	-368.92
Long-Term Debt Issued	0.01	0.83	1.76	31.11
Long-Term Debt Repaid	-1.87	-2.97	-15.54	-31.05
Net Debt Issued (Repaid)	-1.86	-2.14	-13.78	0.06
Issuance of Common Stock	53.73	51.64	50.66	26.29
Repurchase of Common Stock	-433.22	-194.03	-26.56	-41.6
Other Financing Activities	-9.06	-21.24	-12.35	-44.3
Financing Cash Flow	-390.41	-165.77	-2.02	-59.56
Foreign Exchange Rate Adjustments	-36.5	29.38	-44.87	-18.03
Net Cash Flow	-752.72	359.47	234.29	125.81
Free Cash Flow	527.02	534.22	382.48	460.83
Free Cash Flow Growth	-1.35%	39.67%	-17.00%	-3.11%
Free Cash Flow Margin	11.15%	11.39%	7.93%	12.26%
Free Cash Flow Per Share	9.09	9.04	6.46	7.80
Cash Interest Paid	3.74	4.7	1.66	0.41
Cash Income Tax Paid	196.39	177.43	113.19	87.32
Levered Free Cash Flow	669.11	548.91	412.63	486.39
Unlevered Free Cash Flow	669.11	548.91	412.63	486.39
Change in Working Capital	-127.31	-125.17	-229.83	-134.86

Source: S&P Global Market Intelligence. Standard template. Financial Sources.