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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,293,518 $ 1,446,625
Trade receivables and contract assets, net of allowance of $18,554 and $5,521, respectively 929,217 768,928
Short-term investments 60,098 0
Prepaid and other current assets 76,845 53,927
Total current assets 2,359,678 2,269,480
Property and equipment, net 211,119 236,214
Operating lease right-of-use assets, net 159,726 184,841
Intangible assets, net 89,032 101,143
Goodwill 521,267 530,723
Deferred tax assets 172,807 143,928
Other noncurrent assets 50,335 56,898
Total assets 3,563,964 3,523,227
Current liabilities    
Accounts payable 22,488 24,847
Accrued compensation and benefits expenses 414,674 502,997
Accrued expenses and other current liabilities 181,525 142,014
Short-term debt 6,701 16,018
Income taxes payable, current 18,190 27,440
Operating lease liabilities, current 41,125 50,104
Total current liabilities 684,703 763,420
Long-term debt 30,221 30,234
Income taxes payable, noncurrent 45,441 42,454
Operating lease liabilities, noncurrent 130,891 142,802
Other noncurrent liabilities 48,702 48,480
Total liabilities 939,958 1,027,390
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.001 par value; 160,000 shares authorized; 57,373 and 56,868 shares issued, 57,353 and 56,849 shares outstanding at June 30, 2022 and December 31, 2021, respectively 57 57
Additional paid-in capital 760,975 711,912
Retained earnings 1,937,855 1,829,532
Treasury stock (177) (177)
Accumulated other comprehensive loss (76,357) (54,207)
Total EPAM Systems Inc. stockholders’ equity 2,622,353 2,487,117
Noncontrolling interest in consolidated subsidiaries 1,653 8,720
Total stockholders’ equity 2,624,006 2,495,837
Total liabilities and stockholders’ equity $ 3,563,964 $ 3,523,227