EPAM Systems, Inc. (EPAM)
NYSE: EPAM · Real-Time Price · USD
164.66
+27.30 (19.87%)
Nov 5, 2026, 12:58 PM EST - 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 | 377.68 | 454.53 | 417.08 | 419.42 | 481.65 |
Depreciation & Amortization | 165.83 | 126.1 | 131.6 | 138.96 | 144.04 |
Other Amortization | 0.25 | 1 | 1.1 | 1.09 | 1.11 |
Loss (Gain) From Sale of Assets | - | - | 25.92 | - | - |
Asset Writedown & Restructuring Costs | 0.18 | 0.42 | 6.02 | 23.62 | 0.14 |
Stock-Based Compensation | 176.76 | 167.3 | 147.73 | 99.91 | 111.66 |
Provision & Write-off of Bad Debts | 1.81 | -4.4 | 4.05 | 12.39 | 2.49 |
Other Operating Activities | -48.44 | -58.47 | -45.7 | -1.45 | -33.91 |
Change in Accounts Receivable | -69.13 | 15.59 | 32.36 | -192.71 | -211.68 |
Change in Accounts Payable | -12.68 | -29.08 | 0.15 | -2.93 | -2.4 |
Change in Income Taxes | -20.36 | -8.17 | -33.39 | 3.6 | 3.57 |
Change in Other Net Operating Assets | 83.04 | -105.65 | -124.29 | -37.78 | 75.66 |
Operating Cash Flow | 654.93 | 559.17 | 562.63 | 464.1 | 572.33 |
Operating Cash Flow Growth | 17.13% | -0.62% | 21.23% | -18.91% | 5.13% |
Investing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 | -42.24 | -32.15 | -28.42 | -81.63 | -111.5 |
Cash Acquisitions | -3.43 | -912.16 | -24.82 | -10.64 | -314.96 |
Investment in Securities | -0.03 | 57.01 | -3.6 | -61.63 | 57.46 |
Other Investing Activities | -3.34 | 2.31 | -9.94 | -29.03 | 0.08 |
Investing Cash Flow | -49.05 | -884.98 | -66.77 | -182.93 | -368.92 |
Financing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 | 5.71 | 0.01 | 0.83 | 1.76 | 31.11 |
Long-Term Debt Repaid | -8.26 | -1.87 | -2.97 | -15.54 | -31.05 |
Net Debt Issued (Repaid) | -2.55 | -1.86 | -2.14 | -13.78 | 0.06 |
Issuance of Common Stock | 54.58 | 53.73 | 51.64 | 50.66 | 26.29 |
Repurchase of Common Stock | -688.96 | -433.22 | -194.03 | -26.56 | -41.6 |
Other Financing Activities | -14.27 | -9.06 | -21.24 | -12.35 | -44.3 |
Financing Cash Flow | -651.2 | -390.41 | -165.77 | -2.02 | -59.56 |
Net Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 | 56.3 | -36.5 | 29.38 | -44.87 | -18.03 |
Net Cash Flow | 10.99 | -752.72 | 359.47 | 234.29 | 125.81 |
Free Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 | 612.69 | 527.02 | 534.22 | 382.48 | 460.83 |
Free Cash Flow Growth | 16.25% | -1.35% | 39.67% | -17.00% | -3.11% |
Free Cash Flow Margin | 11.23% | 11.15% | 11.39% | 7.93% | 12.26% |
Free Cash Flow Per Share | 10.90 | 9.09 | 9.04 | 6.46 | 7.80 |
Levered Free Cash Flow | 725.31 | 667.42 | 530.79 | 412.63 | 486.39 |
Unlevered Free Cash Flow | 725.31 | 667.42 | 530.79 | 412.63 | 486.39 |
Additional Metrics
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Cash Interest Paid | 1.4 | 3.74 | 4.7 | 1.66 | 0.41 |
Cash Income Tax Paid | 184.43 | 196.4 | 177.4 | 113.19 | 87.32 |
Change in Working Capital | -19.14 | -127.31 | -125.17 | -229.83 | -134.86 |