EPAM Systems, Inc. (EPAM)

EPAM Systems Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4,645	4,691	4,825	3,758	2,659	2,294
Revenue Growth (YoY)	-4.50%	-2.78%	28.38%	41.31%	15.94%	24.47%
Cost of Revenue	3,235	3,257	3,287	2,484	1,733	1,488
Gross Profit	1,410	1,434	1,538	1,274	926.96	805.6
Selling, General & Admin	801.63	815.07	872.78	648.74	484.76	457.43
Other Operating Expenses	91.16	91.8	92.27	83.4	62.87	45.32
Operating Expenses	892.8	906.87	965.05	732.13	547.63	502.75
Operating Income	517.32	527.16	572.97	542.32	379.32	302.85
Other Expense / Income	-15.63	-9.42	65.71	8.92	0.85	3.32
Pretax Income	532.96	536.59	507.26	533.39	378.48	299.53
Income Tax	101.92	119.5	87.84	51.74	51.32	38.47
Net Income	431.03	417.08	419.42	481.65	327.16	261.06
Net Income Growth	-0.22%	-0.56%	-12.92%	47.22%	25.32%	8.66%
Shares Outstanding (Basic)	58	58	57	57	56	55
Shares Outstanding (Diluted)	59	59	59	59	58	58
Shares Change	-0.62%	-0.14%	0.18%	1.06%	1.35%	1.76%
EPS (Basic)	7.45	7.21	7.32	8.52	5.87	4.77
EPS (Diluted)	7.31	7.06	7.09	8.15	5.60	4.53
EPS Growth	0.14%	-0.42%	-13.01%	45.54%	23.62%	6.84%
Free Cash Flow	577.97	534.22	382.48	460.83	475.61	188.15
Free Cash Flow Per Share	9.99	9.24	6.68	8.15	8.54	3.44
Gross Margin	30.36%	30.57%	31.88%	33.91%	34.85%	35.12%
Operating Margin	11.14%	11.24%	11.88%	14.43%	14.26%	13.20%
Profit Margin	9.28%	8.89%	8.69%	12.82%	12.30%	11.38%
Free Cash Flow Margin	12.44%	11.39%	7.93%	12.26%	17.88%	8.20%
Effective Tax Rate	19.12%	22.27%	17.32%	9.70%	13.56%	12.84%
EBITDA	664.41	669.29	647.31	678.54	507.72	400.7
EBITDA Margin	14.30%	14.27%	13.42%	18.06%	19.09%	17.47%
Depreciation & Amortization	131.46	132.7	140.05	145.15	129.24	101.18
EBIT	532.96	536.59	507.26	533.39	378.48	299.53
EBIT Margin	11.47%	11.44%	10.51%	14.19%	14.23%	13.06%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).