Skip to main content
EPAM Systems, Inc. (EPAM)
NYSE: EPAM · Real-Time Price · USD
163.15
-0.68 (-0.42%)
Nov 13, 2026, 4:00 PM EST - Market closed

EPAM Systems Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
130.31102.9882.52109.35106.8288.0373.48103.3136.3598.65116.2497.5597.2120.03102.29155.04156.0518.689.72142.28
Depreciation & Amortization
43.0442.3841.9740.8741.6741.9341.3735.0529.0130.4631.5832.1233.3133.3532.8332.533.1834.2439.0537.54
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---5.330.030.570.092.410.210.620.40.14
Stock-Based Compensation
42.4846.449.9245.1544.638.5648.4644.742.1235.6844.7938.1937.8533.1138.5831.6233.2927.897.1134.02
Provision & Write-off of Bad Debts
-0.14-0.34-0.591.85-0.20.39-0.22-1.33-0.67-0.96-1.441.310.711.850.18-0.491.143.078.68-0.09
Other Operating Activities
-2.67-11.1419.46-6012.06-6.616.12-40.69-18.33-11.8412.4-27.14-14.816.6-10.35-30.99-48.5144.1433.9-31.27
Change in Accounts Receivable
51.22-93.41-78.822.6324.59-39.67-76.6838.3840.21-26.84-36.1626.21-5.8415.56-3.573.96-13.53-38.36-144.7821.03
Change in Accounts Payable
-4.460.33-12.81-7.42-5.02-0.750.5-24.47-2.263.13-5.48-0.68-0.950.291.49-11.78.045.36-4.634.07
Change in Income Taxes
-3.5-17.41-26.4641.4-2.3-37.99-21.4815.0512.3-19.41-16.1515.36-48.78-4.96-15.8644.26-22.13-2.6730.02
Change in Other Net Operating Assets
32.56-72.21-111.5888.6572.46-30.68-47.39-41.143.23-51.84-15.91-7.6226.1-73.53-69.2418.538.244.1-98.6245.77
Operating Cash Flow
288.84-2.42-36.36282.89294.6853.224.16130.26241.9657.03129.92171.37214.8889.0587.33186.07252.3777.52-51.85284.61
Operating Cash Flow Growth (YoY)
-1.98%--117.18%21.79%-6.71%-81.40%-23.99%12.60%-35.96%48.76%-7.90%-14.85%14.88%--34.62%22.48%12.61%-78.52%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-14.68-15.21-17.86-14.78-8.3-9.83-9.33-15.73-4.97-4.7-6.75-10-3.62-6.88-7.91-21.5-18.71-18.15-23.27-56.62
Cash Acquisitions
---0.31-0.090-6.673.33-855.09-0.36-12.57-44.14-10.82-14---0.110.09-2.41-8.21-153.99
Divestitures
-----------2.17-2.17-------
Investment in Securities
0.72-1.031.38-0.26-0.29-0.050.5624.339.32-5.51-1.11-0.329.49-10.87-1.91--1.63-60--
Other Investing Activities
-9.88-0.271.14-1.12-0.69-1.670.130.640.74-0.071.01-1.73-0.26-0.05-7.9-9.53-8.46-7.96-3.080.18
Investing Cash Flow
-23.84-16.51-15.65-16.25-9.28-18.21-5.31-845.8834.74-22.85-50.99-20.7-10.56-17.79-17.72-31.14-28.7-88.53-34.56-210.43

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Long-Term Debt Issued
--140-----------0.17---1.93-
Total Debt Issued
-401405.71---0.01---0.060.5900.17-2.350.891.31.9331.11
Long-Term Debt Repaid
---0.16----0.68----0.59----1.41----6.84-
Total Debt Repaid
--180.03-0.16-6.42-0.75-0.4-0.68-0.37-0.37-0.54-0.59-0.36-0.64-0.55-1.41-4-0.79-3.92-6.84-31.05
Net Debt Issued (Repaid)
--140.03139.85-0.7-0.75-0.4-0.68-0.36-0.37-0.54-0.59-0.3-0.05-0.55-1.24-6.350.1-2.62-4.910.06
Issuance of Common Stock
-13.610.719.540.4615.119.4819.951.3117.8714.6123.022.9823.142.4919.299.218.773.46.11
Repurchase of Common Stock
-80.29-104.68-327.13-225.91-83.19-218.58-161.29-15.73-51.82-242.29-123.38-37.39-81-63.98-11.66-4.46-1.31-16.92-3.88-7.49
Other Financing Activities
-2.91-2.06-5.62-4.91-2.17-0.17-7.02-2.6-2.62-1.12-2.72-7.69-2.52-6.13-4.9-0.44-7.43-0.26-4.22-43.73
Financing Cash Flow
-83.19-233.15-192.2-211.98-85.65-204.06-149.511.26-53.51-226.08-112.08-22.36-80.59-47.51-15.328.050.57-1.03-9.6-45.06

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-6.153.75-14.563.2-2.7237.0518.77-35.9525.9-6.89-19.5635.01-22.733.0314.0731.01-30.22-0.25-45.41-5.34
Net Cash Flow
175.66-248.33-258.7657.86197.03-132.02-111.89-750.32249.1-198.79-52.71163.3310126.7768.37193.98194.02-12.29-141.4223.78

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
274.16-17.64-54.22268.11286.3843.3714.83114.5323752.32123.17161.37211.2682.1779.42164.57233.6659.36-75.12228
Free Cash Flow Growth (YoY)
-4.27%--134.09%20.84%-17.12%-87.96%-29.03%12.19%-36.32%55.09%-1.94%-9.59%38.42%--27.82%26.34%28.36%-61.76%
Free Cash Flow Margin
19.22%-1.25%-3.87%19.05%20.54%3.20%1.14%9.18%20.30%4.56%10.57%13.94%18.34%7.02%6.56%13.37%19.04%4.97%-6.41%20.59%
Free Cash Flow Per Share
5.33-0.34-1.004.845.130.770.261.994.130.902.092.743.581.391.342.773.941.01-1.273.85
Levered Free Cash Flow
281.65-18.3-17.58367.88303.2422.5814.82211.33275.7152.62115.68192.95219.5254.0681.95154.12237.6116.96-87.37240.5
Unlevered Free Cash Flow
281.65-18.3-17.58367.88303.2422.5814.82211.33275.7152.62115.68192.95219.5254.0681.95154.12237.6116.96-87.37240.5

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
---1.4---3.74---4.7---1.66---0.41
Cash Income Tax Paid
---184.43---196.4---177.43---113.19---87.32
Change in Working Capital
75.82-182.7-229.65145.2689.73-109.09-145.04-12.1853.48-94.96-73.6522.934.67-106.47-76.28-5.177.01-51.04-250.7100.88
SEC Filings: 10-K · 10-Q