EPAM Systems, Inc. (EPAM)

EPAM Systems Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	2,036	2,036	1,681	1,447	1,322	936.55
Short-Term Investments	22.32	60.74	60.34	-	60.01	0.01
Cash & Short-Term Investments	2,059	2,097	1,742	1,447	1,382	936.56
Cash Growth	6.48%	20.40%	20.40%	4.66%	47.58%	21.54%
Accounts Receivable	935.08	897.03	932.63	768.93	501.06	497.72
Other Receivables	20.9	-	-	-	-	-
Receivables	955.98	897.03	932.63	768.93	501.06	497.72
Prepaid Expenses	88.03	81.65	72.7	52	24.51	38.02
Restricted Cash	0.87	5.29	0.43	0.5	0.11	-
Other Current Assets	3.28	10.42	12.19	1.43	4.96	1.91
Total Current Assets	3,107	3,091	2,760	2,269	1,913	1,474
Property, Plant & Equipment	337.43	369.95	422.13	421.06	398.21	404.25
Long-Term Investments	39.1	31.7	28.4	27.5	25	5.8
Goodwill	621.9	562.46	529.07	530.72	211.96	195.04
Other Intangible Assets	74.49	71.12	77.65	101.14	51.98	56.26
Long-Term Deferred Tax Assets	218.32	197.9	172.8	143.93	92.45	75.01
Other Long-Term Assets	59.09	27.88	19.48	29.4	28.96	33.63
Total Assets	4,457	4,352	4,009	3,523	2,721	2,244
Accounts Payable	30.77	31.99	30.85	24.85	10.19	7.83
Accrued Expenses	541.96	452.6	523.3	552.92	329.23	254.05
Short-Term Debt	-	-	2.86	16.02	-	-
Current Portion of Leases	37.56	36.56	40.35	50.1	60.76	57.54
Current Income Taxes Payable	34.35	38.81	46.07	27.44	20.6	9.06
Current Unearned Revenue	32.46	27.99	36.04	39.81	17.38	9.13
Other Current Liabilities	3.95	56.98	68.01	52.28	27.79	49.33
Total Current Liabilities	681.05	644.93	747.48	763.42	465.95	386.95
Long-Term Debt	25.33	26.13	27.69	30.23	25.04	25.07
Long-Term Leases	102.55	109.26	122.32	142.8	180.6	180.85
Long-Term Unearned Revenue	0.29	0.95	0.04	0.08	0.09	0.01
Long-Term Deferred Tax Liabilities	-	8.7	12.8	18.3	3.3	4.5
Other Long-Term Liabilities	93.35	76.01	86.01	69.06	57.93	47.09
Total Liabilities	902.57	880.9	1,006	1,027	738.31	648.06
Common Stock	0.06	0.06	0.06	0.06	0.06	0.06
Additional Paid-In Capital	1,129	1,009	847.97	711.91	660.77	607.05
Retained Earnings	2,465	2,501	2,249	1,830	1,348	1,021
Treasury Stock	-	-	-0.12	-0.18	-0.18	-0.18
Comprehensive Income & Other	-40.52	-39.04	-95.32	-54.21	-25.51	-31.37
Total Common Equity	3,554	3,471	3,002	2,487	1,983	1,596
Minority Interest	0.58	0.58	1.48	8.72	-	-
Shareholders' Equity	3,555	3,471	3,003	2,496	1,983	1,596
Total Liabilities & Equity	4,457	4,352	4,009	3,523	2,721	2,244
Total Debt	165.44	171.95	193.22	239.16	266.4	263.46
Net Cash (Debt)	1,893	1,925	1,548	1,207	1,116	673.1
Net Cash Growth	7.62%	24.32%	28.24%	8.22%	65.76%	-9.72%
Net Cash Per Share	32.45	32.58	26.17	20.44	19.09	11.67
Filing Date Shares Outstanding	56.72	57.83	57.68	56.88	56.18	55.26
Total Common Shares Outstanding	56.71	57.79	57.66	56.85	56.11	55.19
Working Capital	2,426	2,446	2,012	1,506	1,447	1,087
Book Value Per Share	62.67	60.06	52.06	43.75	35.34	28.92
Tangible Book Value	2,858	2,837	2,395	1,855	1,719	1,345
Tangible Book Value Per Share	50.39	49.10	41.54	32.63	30.64	24.37
Land	-	1.34	1.34	1.34	1.34	-
Buildings	-	54.9	54.63	55.39	52.01	51.3
Machinery	-	196.89	198.48	222.39	170.16	143.38
Construction In Progress	-	51.48	51.5	50.13	-	-
Leasehold Improvements	-	37.19	32.95	37.83	39.68	30.63

Source: S&P Capital IQ. Standard template. Financial Sources.