
Epam Systems Inc
NYSE:EPAM

Income Statement
Earnings Waterfall
Epam Systems Inc
Revenue
|
4.7B
USD
|
Cost of Revenue
|
-3.3B
USD
|
Gross Profit
|
1.5B
USD
|
Operating Expenses
|
-905.9m
USD
|
Operating Income
|
544.6m
USD
|
Other Expenses
|
-90.1m
USD
|
Net Income
|
454.5m
USD
|
Income Statement
Epam Systems Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
730
N/A
|
770
+5%
|
813
+6%
|
856
+5%
|
914
+7%
|
979
+7%
|
1 045
+7%
|
1 107
+6%
|
1 160
+5%
|
1 220
+5%
|
1 286
+5%
|
1 365
+6%
|
1 450
+6%
|
1 550
+7%
|
1 647
+6%
|
1 737
+6%
|
1 843
+6%
|
1 940
+5%
|
2 046
+5%
|
2 166
+6%
|
2 294
+6%
|
2 424
+6%
|
2 505
+3%
|
2 569
+3%
|
2 660
+4%
|
2 789
+5%
|
3 038
+9%
|
3 374
+11%
|
3 758
+11%
|
4 149
+10%
|
4 463
+8%
|
4 701
+5%
|
4 825
+3%
|
4 864
+1%
|
4 839
-1%
|
4 765
-2%
|
4 691
-2%
|
4 645
-1%
|
4 621
-1%
|
4 637
+0%
|
4 728
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(457)
|
(480)
|
(504)
|
(530)
|
(567)
|
(609)
|
(655)
|
(697)
|
(737)
|
(778)
|
(817)
|
(865)
|
(921)
|
(991)
|
(1 060)
|
(1 122)
|
(1 187)
|
(1 254)
|
(1 321)
|
(1 397)
|
(1 488)
|
(1 567)
|
(1 631)
|
(1 677)
|
(1 733)
|
(1 828)
|
(1 992)
|
(2 222)
|
(2 484)
|
(2 745)
|
(3 008)
|
(3 181)
|
(3 287)
|
(3 362)
|
(3 324)
|
(3 292)
|
(3 257)
|
(3 235)
|
(3 237)
|
(3 207)
|
(3 277)
|
|
Gross Profit |
274
N/A
|
290
+6%
|
309
+7%
|
326
+6%
|
347
+7%
|
370
+7%
|
390
+5%
|
410
+5%
|
423
+3%
|
443
+5%
|
469
+6%
|
499
+7%
|
529
+6%
|
559
+6%
|
586
+5%
|
615
+5%
|
656
+7%
|
686
+5%
|
725
+6%
|
769
+6%
|
806
+5%
|
857
+6%
|
874
+2%
|
892
+2%
|
927
+4%
|
961
+4%
|
1 046
+9%
|
1 152
+10%
|
1 274
+11%
|
1 404
+10%
|
1 455
+4%
|
1 520
+4%
|
1 538
+1%
|
1 502
-2%
|
1 515
+1%
|
1 473
-3%
|
1 434
-3%
|
1 410
-2%
|
1 384
-2%
|
1 430
+3%
|
1 450
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(185)
|
(203)
|
(216)
|
(228)
|
(241)
|
(257)
|
(268)
|
(282)
|
(289)
|
(309)
|
(326)
|
(341)
|
(356)
|
(368)
|
(382)
|
(396)
|
(410)
|
(424)
|
(445)
|
(473)
|
(503)
|
(531)
|
(538)
|
(540)
|
(548)
|
(562)
|
(605)
|
(663)
|
(732)
|
(820)
|
(903)
|
(932)
|
(945)
|
(938)
|
(900)
|
(898)
|
(907)
|
(890)
|
(887)
|
(896)
|
(906)
|
|
Selling, General & Administrative |
(164)
|
(178)
|
(196)
|
(208)
|
(223)
|
(237)
|
(246)
|
(258)
|
(265)
|
(282)
|
(298)
|
(312)
|
(325)
|
(334)
|
(346)
|
(357)
|
(374)
|
(388)
|
(408)
|
(434)
|
(457)
|
(481)
|
(483)
|
(481)
|
(485)
|
(496)
|
(534)
|
(587)
|
(649)
|
(730)
|
(811)
|
(839)
|
(853)
|
(847)
|
(809)
|
(806)
|
(815)
|
(799)
|
(797)
|
(809)
|
(816)
|
|
Depreciation & Amortization |
(18)
|
(18)
|
(16)
|
(15)
|
(17)
|
(18)
|
(21)
|
(22)
|
(23)
|
(25)
|
(26)
|
(27)
|
(29)
|
(30)
|
(32)
|
(34)
|
(37)
|
(39)
|
(41)
|
(43)
|
(45)
|
(50)
|
(54)
|
(59)
|
(63)
|
(66)
|
(71)
|
(77)
|
(83)
|
(90)
|
(92)
|
(93)
|
(92)
|
(91)
|
(91)
|
(92)
|
(92)
|
(91)
|
(90)
|
(86)
|
(90)
|
|
Other Operating Expenses |
(4)
|
(6)
|
(4)
|
(4)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(5)
|
0
|
0
|
3
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
88
N/A
|
87
-1%
|
92
+6%
|
98
+7%
|
106
+8%
|
114
+7%
|
122
+7%
|
128
+5%
|
134
+4%
|
134
+1%
|
143
+6%
|
158
+11%
|
173
+9%
|
191
+10%
|
204
+7%
|
220
+8%
|
246
+12%
|
262
+7%
|
281
+7%
|
297
+6%
|
303
+2%
|
326
+8%
|
336
+3%
|
352
+5%
|
379
+8%
|
399
+5%
|
441
+10%
|
489
+11%
|
542
+11%
|
584
+8%
|
552
-6%
|
588
+7%
|
593
+1%
|
564
-5%
|
615
+9%
|
575
-7%
|
527
-8%
|
520
-1%
|
497
-4%
|
534
+7%
|
545
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
3
|
(2)
|
(1)
|
(0)
|
0
|
5
|
3
|
1
|
(7)
|
(10)
|
(6)
|
(4)
|
1
|
3
|
3
|
4
|
4
|
4
|
(1)
|
(3)
|
(3)
|
6
|
1
|
9
|
(1)
|
(2)
|
3
|
(13)
|
(9)
|
(40)
|
(122)
|
(102)
|
(66)
|
(36)
|
54
|
61
|
35
|
42
|
49
|
44
|
40
|
|
Non-Reccuring Items |
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
(20)
|
(20)
|
(20)
|
0
|
0
|
(26)
|
(26)
|
(29)
|
(30)
|
(4)
|
0
|
|
Total Other Income |
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
87
N/A
|
84
-4%
|
90
+7%
|
96
+7%
|
106
+11%
|
118
+11%
|
125
+6%
|
129
+4%
|
127
-2%
|
125
-1%
|
137
+10%
|
154
+13%
|
174
+13%
|
194
+11%
|
208
+7%
|
223
+7%
|
250
+12%
|
266
+7%
|
280
+5%
|
294
+5%
|
300
+2%
|
332
+11%
|
337
+2%
|
361
+7%
|
379
+5%
|
397
+5%
|
444
+12%
|
476
+7%
|
533
+12%
|
525
-2%
|
410
-22%
|
466
+14%
|
507
+9%
|
528
+4%
|
670
+27%
|
610
-9%
|
537
-12%
|
533
-1%
|
517
-3%
|
574
+11%
|
584
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(17)
|
(17)
|
(18)
|
(21)
|
(22)
|
(25)
|
(26)
|
(27)
|
(27)
|
(26)
|
(25)
|
(26)
|
(27)
|
(28)
|
(30)
|
(29)
|
(40)
|
(37)
|
(41)
|
(47)
|
(39)
|
(46)
|
(44)
|
(45)
|
(51)
|
(46)
|
(45)
|
(51)
|
(52)
|
(63)
|
(44)
|
(60)
|
(88)
|
(96)
|
(136)
|
(136)
|
(120)
|
(104)
|
(109)
|
(128)
|
(130)
|
|
Income from Continuing Operations |
70
|
67
|
71
|
75
|
85
|
94
|
99
|
102
|
99
|
99
|
112
|
128
|
147
|
166
|
178
|
194
|
210
|
229
|
238
|
247
|
261
|
286
|
294
|
316
|
327
|
351
|
399
|
425
|
482
|
462
|
366
|
407
|
419
|
432
|
533
|
475
|
417
|
429
|
407
|
446
|
455
|
|
Net Income (Common) |
70
N/A
|
67
-4%
|
71
+7%
|
75
+5%
|
85
+12%
|
94
+11%
|
99
+6%
|
102
+3%
|
99
-3%
|
99
0%
|
112
+13%
|
128
+15%
|
73
-43%
|
114
+56%
|
126
+11%
|
149
+18%
|
240
+61%
|
237
-1%
|
245
+4%
|
247
+1%
|
261
+6%
|
286
+9%
|
294
+3%
|
316
+8%
|
327
+4%
|
351
+7%
|
399
+14%
|
425
+7%
|
482
+13%
|
462
-4%
|
366
-21%
|
407
+11%
|
419
+3%
|
432
+3%
|
533
+23%
|
475
-11%
|
417
-12%
|
431
+3%
|
410
-5%
|
449
+10%
|
455
+1%
|
|
EPS (Diluted) |
1.4
N/A
|
1.31
-6%
|
1.37
+5%
|
1.43
+4%
|
1.62
+13%
|
1.78
+10%
|
1.87
+5%
|
1.89
+1%
|
1.87
-1%
|
1.85
-1%
|
2.04
+10%
|
2.32
+14%
|
1.32
-43%
|
2.01
+52%
|
2.23
+11%
|
2.62
+17%
|
4.23
+61%
|
4.13
-2%
|
4.25
+3%
|
4.26
+0%
|
4.53
+6%
|
4.94
+9%
|
5.06
+2%
|
5.39
+7%
|
5.6
+4%
|
5.96
+6%
|
6.75
+13%
|
7.17
+6%
|
8.15
+14%
|
7.85
-4%
|
6.19
-21%
|
6.84
+11%
|
7.09
+4%
|
7.29
+3%
|
9
+23%
|
8.05
-11%
|
7.06
-12%
|
7.31
+4%
|
7.04
-4%
|
7.81
+11%
|
7.84
+0%
|