For the quarter ending 2025-09-30, EPAM had $197,034K increase in cash & cash equivalents over the period. $286,382K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 106,816 | 88,026 | 73,482 | 103,299 |
| Depreciation and amortization expense | 31,313 | 31,274 | 31,437 | 26,556 |
| Operating lease right-of-use assets amortization expense | 10,358 | 10,652 | 9,929 | 9,494 |
| Bad debt recovery | -200 | 387 | -218 | -1,331 |
| Deferred taxes | 9,296 | -8,476 | 2,386 | -39,307 |
| Stock-based compensation expense | 44,604 | 38,558 | 48,456 | 44,698 |
| Unrealized (gain)/loss on derivative instruments | - | - | - | 0 |
| Impairment charges | - | - | - | 22 |
| Loss on sale of business | - | - | - | 0 |
| Other | -2,763 | -1,867 | -3,729 | 988 |
| Trade receivables and contract assets | -24,594 | 39,672 | 53,889 | -15,588 |
| Prepaid and other assets | -1,172 | -13,373 | 9,163 | 24,792 |
| Accounts payable | -5,019 | -745 | 502 | -24,473 |
| Accrued expenses and other liabilities | 82,568 | -33,458 | -27,248 | -6,589 |
| Operating lease liabilities | -11,283 | -10,598 | -10,975 | -9,761 |
| Income taxes payable | -2,298 | -37,990 | -21,475 | 15,052 |
| Net cash provided by operating activities | 294,684 | 53,198 | 24,162 | 130,259 |
| Purchases of property and equipment | 8,302 | 9,831 | 9,329 | 15,727 |
| Purchases of short-term investments | -72 | 47 | 1,991 | -643 |
| Proceeds from short-term investments | 0 | 0 | 0 | 20,000 |
| Acquisition of business, net of cash acquired (note 3) | -2 | 6,671 | -3,325 | 855,093 |
| Purchases of non-marketable securities | 360 | 0 | 360 | 685 |
| Proceeds from non-marketable securities | 0 | 0 | 2,913 | 4,344 |
| Other investing activities, net | 692 | 1,665 | -134 | -638 |
| Net cash used in investing activities | -9,280 | -18,214 | -5,308 | -845,880 |
| Proceeds from issuance of stock under the employee incentive programs | 458 | 15,099 | 19,480 | 19,950 |
| Payments of withholding taxesrelated tonet share settlements of restricted stock units | 1,083 | 22,045 | 1,293 | 2,725 |
| Proceeds from debt | - | - | - | 8 |
| Repayment of debt | 754 | 404 | 684 | 368 |
| Repurchase of common stock | 82,102 | 196,533 | 159,998 | 13,003 |
| Payment of contingent consideration for previously acquired businesses | 1,492 | 0 | 4,746 | 1,496 |
| Purchase of subsidiary shares from noncontrolling interest | 0 | 0 | 1,358 | - |
| Other financing activities, net | -677 | -172 | -915 | -1,106 |
| Net cash used in financing activities | -85,650 | -204,055 | -149,514 | 1,260 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -2,720 | 37,050 | 18,770 | -35,954 |
| Net decrease in cash, cash equivalents and restricted cash | 197,034 | -132,021 | -111,890 | -750,315 |
| Cash and cash equivalents at beginning of period | 1,046,481 | 1,178,502 | 1,290,392 | 2,040,707 |
| Cash and cash equivalents at end of period | 1,243,515 | 1,046,481 | 1,178,502 | 1,290,392 |
EPAM Systems, Inc. (EPAM)
EPAM Systems, Inc. (EPAM)