EPAM Systems, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.16B | $914.1M | $730.0M | $555.1M | $433.8M | $334.5M | $221.8M |
| Cost of Revenue | $921.4M | $737.2M | $566.9M | $456.5M | $347.7M | $270.4M | $205.3M | $132.5M |
| Gross Profit | $529.1M | $422.9M | $347.2M | $273.5M | $207.5M | $163.4M | $129.2M | $89.3M |
| Gross Margin | 36.5% | 36.5% | 38.0% | 37.5% | 37.4% | 37.7% | 38.6% | 40.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $327.6M | $265.9M | $222.8M | $163.7M | $116.5M | $85.9M | $64.9M | $47.6M |
| Operating Income | $172.9M | $133.7M | $106.0M | $86.2M | $76.5M | $66.0M | $55.0M | $32.8M |
| Operating Margin | 11.9% | 11.5% | 11.6% | 11.8% | 13.8% | 15.2% | 16.4% | 14.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $174.3M | $126.5M | $106.1M | $87.0M | $76.8M | $65.9M | $52.8M | $31.1M |
| Income Tax Expense | $101.5M | $27.2M | $21.6M | $17.3M | $14.8M | $11.4M | $8.4M | $2.8M |
| Net Income | $72.8M | $99.3M | $84.5M | $69.6M | $62.0M | $54.5M | $44.4M | $28.3M |
| Net Margin | 5.0% | 8.6% | 9.2% | 9.5% | 11.2% | 12.6% | 13.3% | 12.8% |
| EPS (Basic) | $1.40 | $1.97 | $1.73 | $1.48 | $1.35 | $1.27 | — | — |
| EPS (Diluted) | $1.32 | $1.87 | $1.62 | $1.40 | $1.28 | $1.17 | — | — |
| Shares Outstanding (Basic) | 52.1M | 50.3M | 48.7M | 47.2M | 45.8M | 40.2M | 36.6M | — |
| Shares Outstanding (Diluted) | 55.0M | 53.2M | 52.0M | 49.7M | 48.4M | 43.8M | 43.8M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |