EPAM SYSTEMS, INC.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B | $1.45B | $1.16B | $914.1M | $730.0M | $555.2M | $433.8M | $334.5M |
| Financial Services | $445.7M | $381.7M | $310.2M | $253.3M | $209.8M | $156.1M | $122.0M | $92.0M |
| Travel & Consumer | $352.3M | $277.3M | $228.8M | $184.6M | $139.5M | $100.3M | $75.5M | $54.6M |
| Software & Hi-Tech | $363.2M | $284.8M | $235.5M | $190.6M | $163.1M | $132.7M | $110.7M | $93.4M |
| Business Information & Media | $322.0M | $264.2M | $229.1M | $185.6M | $146.8M | $122.9M | $99.5M | $78.5M |
| Life Sciences & Healthcare | $192.2M | $118.6M | $73.4M | $45.9M | $32.2M | $20.0M | $10.1M | $5.1M |
| Emerging Verticals | $168.8M | $123.5M | $83.0M | $54.3M | $38.7M | $23.3M | $15.9M | $10.8M |
| Cost of Revenue | $1.19B | $921.4M | $737.2M | $566.9M | $456.5M | $347.7M | $270.4M | $205.3M |
| Gross Profit | $657.3M | $528.8M | $423.0M | $347.2M | $273.5M | $207.6M | $163.4M | $129.2M |
| Gross Margin | 35.6% | 36.5% | 36.5% | 38.0% | 37.5% | 37.4% | 37.7% | 38.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $373.6M | $327.6M | $265.9M | $222.8M | $163.7M | $116.5M | $85.9M | $64.9M |
| Operating Income | $245.8M | $172.9M | $133.7M | $106.0M | $86.2M | $76.5M | $66.0M | $55.0M |
| Operating Margin | 13.3% | 11.9% | 11.5% | 11.6% | 11.8% | 13.8% | 15.2% | 16.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $249.8M | $174.3M | $126.5M | $106.1M | $87.0M | $76.8M | $65.9M | $52.8M |
| Income Tax Expense | $9.5M | $101.5M | $27.2M | $21.6M | $17.3M | $14.8M | $11.4M | $8.4M |
| Net Income | $240.3M | $72.8M | $99.3M | $84.5M | $69.6M | $62.0M | $54.5M | $44.4M |
| Net Margin | 13.0% | 5.0% | 8.6% | 9.2% | 9.5% | 11.2% | 12.6% | 13.3% |
| EPS (Basic) | $4.48 | $1.40 | $1.97 | $1.73 | $1.48 | $1.35 | $1.27 | — |
| EPS (Diluted) | $4.24 | $1.32 | $1.87 | $1.62 | $1.40 | $1.28 | $1.17 | — |
| Shares Outstanding (Basic) | 53.6M | 52.1M | 50.3M | 48.7M | 47.2M | 45.8M | 40.2M | 36.6M |
| Shares Outstanding (Diluted) | 56.7M | 55.0M | 53.2M | 52.0M | 49.7M | 48.4M | 43.8M | 43.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |