EPAM Systems Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
EPAM$164.14+4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
(In thousands, except par value)
| As of December 31, 2023 | As of December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $2,036,235 | $1,681,344 |
| Trade receivables and contract assets, net of allowance of $11,864 and $15,310, respectively | 897,032 | 932,626 |
| Short-term investments | 60,739 | 60,336 |
| Prepaid and other current assets | 97,355 | 85,319 |
| Total current assets | 3,091,361 | 2,759,625 |
| Property and equipment, net | 235,053 | 273,348 |
| Operating lease right-of-use assets, net | 134,898 | 148,780 |
| Intangible assets, net | 71,118 | 77,652 |
| Goodwill | 562,459 | 529,072 |
| Deferred tax assets | 197,901 | 172,797 |
| Other noncurrent assets | 59,575 | 47,877 |
| Total assets | $4,352,365 | $4,009,151 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | $31,992 | $30,852 |
| Accrued compensation and benefits expenses | 412,747 | 475,871 |
| Accrued expenses and other current liabilities | 124,823 | 154,339 |
| Income taxes payable, current | 38,812 | 46,069 |
| Operating lease liabilities, current | 36,558 | 40,352 |
| Total current liabilities | 644,932 | 747,483 |
| Long-term debt | 26,126 | 27,693 |
| Operating lease liabilities, noncurrent | 109,261 | 122,317 |
| Other noncurrent liabilities | 100,576 | 108,648 |
| Total liabilities | 880,895 | 1,006,141 |
| Commitments and contingencies (Note 17) | ||
| Equity | ||
| Stockholders’ equity | ||
| Common stock, $0.001 par value; 160,000 authorized; 57,787 and 57,668 shares issued, 57,787 and 57,655 shares outstanding at December 31, 2023 and December 31, 2022, respectively | 58 | 58 |
| Additional paid-in capital | 1,008,766 | 847,965 |
| Retained earnings | 2,501,107 | 2,248,948 |
| Treasury stock | — | (118) |
| Accumulated other comprehensive loss | (39,040) | (95,321) |
| Total EPAM Systems Inc. stockholders’ equity | 3,470,891 | 3,001,532 |
| Noncontrolling interest in consolidated subsidiaries | 579 | 1,478 |
| Total equity | 3,471,470 | 3,003,010 |
| Total liabilities and equity | $4,352,365 | $4,009,151 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.