EPAM SYSTEMS, INC. EPAM Income Statement

Epam systems, inc. (EPAM)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Revenues
2,423,824	2,293,798	2,165,954	2,046,037	1,940,097	1,842,912	1,737,278	1,646,615	1,549,945	1,450,448	1,364,676	1,285,446	1,220,301	1,160,132	1,106,860	1,044,616	978,565	914,128	856,059	812,774	769,688	730,027	685,428	632,814	591,303	555,117	523,070	492,998	463,614	433,799	403,388	379,733	356,109	334,528	0	0	0
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization)
1,567,311	1,488,198	1,397,160	1,320,716	1,253,976	1,186,921	1,122,011	1,060,299	991,256	921,352	865,457	816,885	777,535	737,186	697,251	654,933	608,407	566,913	530,087	504,117	479,963	456,530	432,692	398,722	372,167	347,650	327,307	307,867	288,123	270,361	252,465	234,993	220,006	205,336	0	0	0
Selling, general and administrative expenses
480,755	457,433	429,881	404,221	385,732	373,587	361,570	350,076	337,946	327,588	313,590	299,349	282,447	264,658	257,640	245,580	237,315	222,759	208,106	195,550	178,245	163,666	146,885	131,903	121,773	116,497	109,894	103,154	95,324	85,868	78,001	72,670	68,764	64,930	0	0	0
Depreciation and amortization expense
50,057	45,317	42,538	40,730	38,664	36,640	34,153	32,008	30,066	28,562	27,103	25,854	24,957	23,387	22,049	20,517	18,297	17,395	15,329	16,446	17,994	17,483	18,393	16,789	15,192	15,120	14,585	13,719	12,288	10,882	9,480	8,523	8,059	7,538	0	0	0
Goodwill impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,241	0	0	0	0	0	0	0	0	-	-	-	0	-	0	-
Other operating expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,205	-1,842	-1,634	-1,068	-1,094	-2,079	-2,144	-4,099	-3,924	-2,098	-1,645	643	643	673	205	-121	-682	-665	-615	-603	-19	0	0	0
Operating Income (Loss)
325,701	302,850	296,375	280,370	261,725	245,764	219,544	204,232	190,677	172,946	158,279	142,933	134,331	133,696	128,078	121,952	113,478	105,967	98,217	92,276	87,146	86,183	85,360	83,755	82,814	76,493	71,957	68,463	67,758	66,006	62,777	62,932	56,980	55,008	0	0	0
Interest and other income, net
8,035	8,725	7,855	7,287	7,149	3,522	4,241	3,716	3,466	4,601	4,234	3,885	4,221	4,848	4,825	4,623	4,784	4,731	4,690	5,086	4,951	4,769	4,233	3,818	3,423	3,077	2,764	2,404	2,095	1,941	1,844	1,743	1,711	1,422	0	0	0
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,924	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Foreign exchange gain/(loss)
-2,041	-12,049	-10,733	-8,142	-2,750	487	-703	-266	-534	-3,242	-8,235	-9,886	-13,743	-12,078	-3,754	-1,994	-164	-4,628	-5,064	-5,814	-6,588	-2,075	-3,910	-3,912	-3,542	-2,800	-2,223	-2,138	-2,663	-2,084	-2,449	-4,115	-3,424	-3,638	0	0	0
Income before provision for income taxes
331,695	299,526	293,497	279,515	266,124	249,773	223,082	207,682	193,609	174,305	154,278	136,932	124,809	126,466	129,149	124,581	118,098	106,070	95,919	89,624	83,585	86,953	85,683	83,661	82,695	76,770	72,498	68,729	67,190	65,863	62,172	60,560	55,267	52,792	0	0	0
Provision for income taxes
45,827	38,469	46,999	34,401	29,532	9,517	73,665	81,249	80,072	101,545	25,881	24,995	25,801	27,200	27,008	25,741	24,457	21,614	20,678	18,216	16,594	17,312	15,706	16,287	16,017	14,776	14,264	12,867	12,125	11,379	10,303	8,806	8,557	8,439	0	0	0
Net Income (Loss) Attributable to Parent
285,868	261,057	246,498	245,114	236,592	240,256	149,417	126,433	113,537	72,760	128,397	111,937	99,008	99,266	102,141	98,840	93,641	84,456	75,241	71,408	66,991	69,641	69,977	67,374	66,678	61,994	58,234	55,862	55,065	54,484	51,869	51,754	46,710	44,353	0	0	0
Unrealized (loss)/gain on cash-flow hedging instruments, net of tax
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustments, net of tax
-25,167	6,295	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,493	0	0	0	-	-	-	-
Comprehensive income
252,078	271,197	237,254	245,955	215,366	216,365	136,118	121,029	130,594	92,825	139,828	118,023	98,157	96,728	99,113	87,113	87,974	71,360	56,536	52,784	47,587	49,390	60,636	69,268	64,633	61,183	58,462	55,819	53,603	56,977	52,872	48,233	45,821	43,103	0	0	0
Net income allocated to participating securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,341	-6,150	-13,972	-22,348	-15,025	0	0	0
Accretion of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Numerator for basic earnings per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,143	45,719	37,782	17,467	11,765	0	0	0
Earnings Per Share, Basic and Diluted [Abstract]
Basic (in dollars per share)
1.55	1.35	1.22	1.07	1.12	1.11	1.22	0.94	1.21	-0.58	0.81	0.72	0.46	0.49	0.51	0.49	0.48	0.56	0.47	0.40	0.31	0.39	0.40	0.31	0.37	0.40	0.36	0.31	0.28	0.33	0.33	0.31	0.30	-	-	-	-
Diluted (in dollars per share)
1.47	1.29	1.16	1.02	1.06	1.05	1.15	0.89	1.15	-0.58	0.77	0.68	0.44	0.46	0.49	0.46	0.45	0.52	0.44	0.37	0.29	0.37	0.38	0.30	0.35	0.38	0.34	0.29	0.27	0.31	0.30	0.29	0.27	-	-	-	-
Shares used in calculation of net income per share:
Weighted Average Number of Shares Outstanding, Basic
55,286	55,065	54,882	54,684	54,245	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87,568	42,952	42	30,197	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
58,142	57,969	57,848	57,616	57,236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94,779	46,501	46	33,957	-	-	-	-