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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,276,461 $ 1,446,625
Trade receivables and contract assets, net of allowance of $14,229 and $5,521, respectively 901,260 768,928
Prepaid and other current assets 89,032 53,927
Total current assets 2,266,753 2,269,480
Property and equipment, net 219,639 236,214
Operating lease right-of-use assets, net 175,514 184,841
Intangible assets, net 97,569 101,143
Goodwill 534,136 530,723
Deferred tax assets 161,302 143,928
Other noncurrent assets 52,657 56,898
Total assets 3,507,570 3,523,227
Current liabilities    
Accounts payable 19,406 24,847
Accrued compensation and benefits expenses 408,789 502,997
Accrued expenses and other current liabilities 177,872 142,014
Short-term debt 9,900 16,018
Income taxes payable, current 20,264 27,440
Operating lease liabilities, current 47,021 50,104
Total current liabilities 683,252 763,420
Long-term debt 30,550 30,234
Income taxes payable, noncurrent 44,103 42,454
Operating lease liabilities, noncurrent 140,814 142,802
Other noncurrent liabilities 55,095 48,480
Total liabilities 953,814 1,027,390
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.001 par value; 160,000 shares authorized; 57,153 and 56,868 shares issued, 57,133 and 56,849 shares outstanding at March 31, 2022 and December 31, 2021, respectively 57 57
Additional paid-in capital 719,122 711,912
Retained earnings 1,919,251 1,829,532
Treasury stock (177) (177)
Accumulated other comprehensive loss (86,150) (54,207)
Total EPAM Systems Inc. stockholders’ equity 2,552,103 2,487,117
Noncontrolling interest in consolidated subsidiaries 1,653 8,720
Total stockholders’ equity 2,553,756 2,495,837
Total liabilities and stockholders’ equity $ 3,507,570 $ 3,523,227