Company name:
EPAM Systems Inc
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IPO SHARE PRICE:$12.00
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IPO DATE:February 08, 2012
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TICKER:EPAM
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:41 University Drive Suite 202 18940 Newtown Pennsylvania
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
EPAM Systems Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Statement of Cash Flow
(USD in thousand)
Selected Year:
31-Dec
2020
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
SOURCEs
0%
100 %
0%
USES
0%
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $240,256 | $261,057 | $327,160 | $327,160 | $342,156 | |||||||||
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Depreciation and amortization
|
36,640 | 45,317 | 62,874 | 62,874 | 67,116 | |||||||||
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Operating lease right-of-use asset amortization
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- | 55,859 | 66,369 | 66,369 | 63,608 | |||||||||
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Stock-based compensation
|
59,188 | 72,036 | 75,238 | 75,238 | 81,776 | |||||||||
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Provision for (recovery of) bad debt expense
|
848 | 1,619 | 2,253 | 2,253 | (2,164) | |||||||||
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Excess tax benefit related to stock-options compensation
Excess tax benefit related to stock-options compensation
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- | - | - | - | - | |||||||||
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Deferred income taxes
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(48,000) | (7,764) | (19,994) | (19,994) | (61,792) | |||||||||
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Loss on write-off
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- | - | - | - | - | |||||||||
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Asset impairments
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- | - | - | - | - | |||||||||
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Loss on goodwill impairment
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- | - | - | - | - | |||||||||
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(Gain) loss on sale of assets
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- | - | - | - | - | |||||||||
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Accounts receivable
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(31,005) | - | - | - | - | |||||||||
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Accounts receivable and contract assets
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(46,902) | (87,174) | 4,235 | 4,235 | 3,032 | |||||||||
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Prepaid and other assets
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(8,432) | (7,155) | 6,983 | 6,983 | 10,888 | |||||||||
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Prepaid expenses and other assets
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(8,432) | - | - | - | - | |||||||||
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Accounts payable
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(772) | (1,685) | 2,428 | 2,428 | 2,368 | |||||||||
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Income tax payable
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17,640 | (23,127) | 14,385 | 14,385 | 68,792 | |||||||||
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Due to employees
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1,535 | - | - | - | - | |||||||||
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Accrued expenses and other liabilities
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41,929 | 27,125 | 60,133 | 60,133 | 117,384 | |||||||||
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Deferred revenue
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(15,897) | - | - | - | - | |||||||||
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Operating lease liabilities
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- | (53,419) | (64,453) | (64,453) | (69,720) | |||||||||
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Other
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(1,712) | 4,764 | 6,796 | 6,796 | 14,284 | |||||||||
| Net cash provided by (used in) operating activities | $292,218 | $287,453 | $544,407 | $544,407 | $637,728 |
Selected Year:
31-Dec
2020
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
SOURCEs
0%
100 %
0%
USES
0%
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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(Increase) decrease in time deposits
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418 | - | - | - | - | |||||||||
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(Increase) decrease in restricted cash and deposits
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- | - | - | - | - | |||||||||
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(Increase) decrease in restricted cash and other long-term assets net
(Increase) decrease in restricted cash and other long-term assets net
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- | - | - | - | - | |||||||||
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Purchases of marketable securities
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- | - | (120,000) | (120,000) | (240,000) | |||||||||
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Sale of marketable securities
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418 | - | 60,009 | 60,009 | 240,036 | |||||||||
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Purchases of non-marketable securities
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- | (5,000) | (20,500) | (20,500) | - | |||||||||
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(Increase) decrease in other long-term assets net
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- | - | - | - | - | |||||||||
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(Purchase) sale of property and equipment
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(37,574) | (99,308) | (68,793) | (68,793) | (73,928) | |||||||||
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Payment for construction of building in Minsk
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- | - | - | - | - | |||||||||
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Payments for construction of corporate facilities
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- | - | - | - | - | |||||||||
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Issuance or repayment of employee housing loans
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- | - | - | - | - | |||||||||
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Acquisition of business net of cash
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(74,268) | (39,322) | (18,888) | (18,888) | - | |||||||||
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Cash (paid for) received from foreign currency derivatives
Cash (paid for) received from foreign currency derivatives
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- | - | - | - | - | |||||||||
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Other investing activities
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(699) | (6,739) | 1,018 | 1,018 | 2,264 | |||||||||
| Net cash provided by (used in) investing activities | ($112,123) | ($145,369) | ($167,154) | ($167,154) | ($71,628) |
Selected Year:
31-Dec
2020
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
SOURCEs
0%
100 %
0%
USES
0%
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Initial Public Offering (IPO) net
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- | - | - | - | - | |||||||||
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Proceeds from sale of treasury stock net of costs
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- | - | - | - | - | |||||||||
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Issuance of convertible preferred stock
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- | - | - | - | - | |||||||||
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Proceeds from issuance of common stock upon exercise of stock options
Proceeds from issuance of common stock upon exercise of stock options
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34,845 | 37,003 | 26,410 | 26,410 | 13,532 | |||||||||
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Costs related to stock issue
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- | - | - | - | - | |||||||||
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Costs related to potential stock issue
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- | - | - | - | - | |||||||||
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Borrowing under Revolving Credit Facility
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- | - | - | - | - | |||||||||
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Repayment of Revolving Credit Facility
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- | - | - | - | - | |||||||||
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Repayment of debt
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(3,494) | (9) | (18) | (18) | (72) | |||||||||
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Borrowing
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- | - | - | - | - | |||||||||
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Acquisition of businesses contingent consideration
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- | (1,104) | - | - | - | |||||||||
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Business acquisition contingent consideration payment
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- | (1,104) | (7,004) | (7,004) | (28,016) | |||||||||
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Acquisition of businesses deferred consideration
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- | - | - | - | - | |||||||||
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Employee withholding taxes paid upon settlement of restricted stock units
Employee withholding taxes paid upon settlement of restricted stock units
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(7,747) | (15,503) | (20,132) | (20,132) | (15,676) | |||||||||
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Excess tax benefit from stock-based compensation
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- | - | - | - | - | |||||||||
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Stock repurchases
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- | - | - | - | - | |||||||||
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Repurchases of redeemable convertible preferred stock
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- | - | - | - | - | |||||||||
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Proceeds from government grants
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- | - | - | - | - | |||||||||
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Other financing activities
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(603) | (24) | (21) | (21) | 28 | |||||||||
| Net cash provided by (used in) financing activities | $23,001 | $20,363 | ($765) | ($765) | $1,272 |
Selected Year:
31-Dec
2020
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$385,845,000
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents - Beginning of period | $582,855 | $771,711 | $937,688 | - | $4,648,892 | |||||||||
| Effect of changes in foreign exchange rates on cash | (14,240) | 3,530 | 9,357 | - | 77,868 | |||||||||
| (Decrease) increase in cash and cash equivalents | 188,856 | 165,977 | 385,845 | - | 645,240 | |||||||||
| Cash and equivalents - End of period | $771,711 | $937,688 | $1,323,533 | - | $5,294,132 |