EPAM Systems (EPAM Systems) Retained Earnings : $2,501 Mil (As of Dec. 2023)

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What is EPAM Systems Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. EPAM Systems's retained earnings for the quarter that ended in Dec. 2023 was $2,501 Mil.

EPAM Systems's quarterly retained earnings increased from Jun. 2023 ($2,421 Mil) to Sep. 2023 ($2,440 Mil) and increased from Sep. 2023 ($2,440 Mil) to Dec. 2023 ($2,501 Mil).

EPAM Systems's annual retained earnings increased from Dec. 2021 ($1,830 Mil) to Dec. 2022 ($2,249 Mil) and increased from Dec. 2022 ($2,249 Mil) to Dec. 2023 ($2,501 Mil).

EPAM Systems Retained Earnings Historical Data

The historical data trend for EPAM Systems's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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EPAM Systems Retained Earnings Chart

EPAM Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,020.59

1,347.88

1,829.53

2,248.95

2,501.11

EPAM Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															2,248.95	2,342.73	2,421.33	2,440.04	2,501.11

EPAM Systems Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

EPAM Systems (NYSE:EPAM) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

EPAM Systems (EPAM Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EPAM Systems Inc (NYSE:EPAM) » Definitions » Retained Earnings

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Traded in Other Exchanges

EPAM:Mexico E3M:Germany E3M:Germany

Address

41 University Drive, Suite 202, Newtown, PA, USA, 18940

Website

https://www.epam.com

EPAM Systems is a global IT services firm that offers platform engineering, software development, and consulting services. EPAM's largest market is North America, which represents approximately 60% of revenues. Offerings span assisting companies with new technologies, such as artificial intelligence, virtual reality, and robotics.

Executives

Jason D. Peterson	officer: Chief Financial Officer	41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Elaina Shekhter	officer: Chief Marketing Officer	860 GREAT OAKS TRAIL, EAGAN MN 55123
Eugene Roman	director	72 EDENBRIDGE DRIVE, TORONTO A6 M9A3G2
Chandra Mcmahon	director	C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Deanne Aguirre	director	C/O HERCULES CAPITAL, INC., 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Viktar Dvorkin	officer: SVP/Head of Global Delivery	C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Gary C Abrahams	officer: VP, Corporate Controller, PAO	41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Balazs Fejes	officer: Chief Technology Officer	C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Boris Shnayder	officer: SVP/Co-Head of Global Business	41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Arkadiy Dobkin	director, 10 percent owner, officer: CEO, President, Chairman	C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Lawrence F Solomon	officer: SVP & Chief People Officer	41 UNIVERSITY DRIVE SUITE 202, NEWTOWN PA 18940
Ronald P Vargo	director	41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Robert E. Segert	director	C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Karl Robb	director, officer: Pres. of EU Operations, EVP	C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940
Sergey Yezhkov	officer: SVP/Co-Head of Global Business	C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202, NEWTOWN PA 18940