EPAM Systems, Inc. (EPAM)
NYSE: EPAM · Real-Time Price · USD
101.77
+1.48 (1.48%)
Aug 13, 2026, 2:54 PM EDT - Market open
EPAM Systems Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 401.67 | 377.68 | 454.53 | 417.08 | 419.42 | 481.65 |
Depreciation & Amortization | 167.15 | 166.08 | 127.1 | 132.7 | 140.05 | 145.15 |
Stock-Based Compensation | 186.07 | 176.76 | 167.3 | 147.73 | 99.91 | 111.66 |
Other Adjustments | -38.91 | -46.45 | -62.45 | -9.71 | 34.56 | -31.28 |
Change in Receivables | -124.99 | -69.13 | 15.59 | 32.36 | -192.71 | -211.68 |
Changes in Accounts Payable | -24.92 | -12.68 | -29.08 | 0.15 | -2.93 | -2.4 |
Changes in Accrued Expenses | 51.28 | 144.13 | 10.67 | -84.61 | 26.03 | 155.66 |
Changes in Income Taxes Payable | -4.77 | -20.36 | -8.17 | -33.39 | 3.6 | 3.57 |
Changes in Other Operating Activities | -73.97 | -61.09 | -116.32 | -39.68 | -63.81 | -79.99 |
Operating Cash Flow | 538.79 | 654.93 | 559.17 | 562.63 | 464.1 | 572.33 |
Operating Cash Flow Growth | 19.84% | 17.13% | -0.62% | 21.23% | -18.91% | 5.13% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -56.15 | -42.24 | -32.15 | -28.42 | -81.63 | -111.5 |
Purchases of Investments | -2.63 | -3.08 | -8.84 | -14.47 | -61.63 | -2.54 |
Proceeds from Sale of Investments | 2.43 | 3.05 | 65.85 | 10.87 | - | 60 |
Cash Acquisitions | -0.31 | -3.43 | -912.16 | -24.82 | -10.64 | -314.96 |
Other Investing Activities | -0.94 | -3.34 | 2.31 | -9.94 | -29.03 | 0.08 |
Investing Cash Flow | -57.68 | -49.05 | -884.98 | -66.77 | -182.93 | -368.92 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | 185.71 | 5.71 | 0.01 | 0.83 | 1.76 | 31.11 |
Long-Term Debt Repaid | -187.36 | -8.26 | -1.87 | -2.97 | -15.54 | -31.05 |
Net Long-Term Debt Issued (Repaid) | -1.64 | -2.55 | -1.86 | -2.14 | -13.78 | 0.06 |
Issuance of Common Stock | 34.32 | 54.58 | 53.73 | 51.64 | 50.66 | 26.29 |
Repurchase of Common Stock | -740.9 | -688.96 | -433.22 | -194.03 | -26.56 | -41.6 |
Net Common Stock Issued (Repurchased) | -706.58 | -634.38 | -379.49 | -142.39 | 24.1 | -15.31 |
Other Financing Activities | -14.75 | -14.27 | -9.06 | -21.24 | -12.35 | -44.3 |
Financing Cash Flow | -722.98 | -651.2 | -390.41 | -165.77 | -2.02 | -59.56 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -10.33 | 56.3 | -36.5 | 29.38 | -44.87 | -18.03 |
Net Cash Flow | -252.19 | 10.99 | -752.72 | 359.47 | 234.29 | 125.81 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 482.64 | 612.69 | 527.02 | 534.22 | 382.48 | 460.83 |
Free Cash Flow Growth | 17.79% | 16.25% | -1.35% | 39.67% | -17.00% | -3.11% |
FCF Margin | 8.59% | 11.23% | 11.15% | 11.39% | 7.93% | 12.26% |
Free Cash Flow Per Share | 8.87 | 10.90 | 9.09 | 9.04 | 6.46 | 7.80 |
Levered Free Cash Flow | 458.65 | 548.96 | 404.73 | 361.7 | 426.94 | 592.19 |
Unlevered Free Cash Flow | 470.94 | 562.25 | 375.61 | 336.37 | 495.05 | 600.19 |