EPAM Systems, Inc. PP&E Disclosure
| Weighted Average Useful Life (in years) | As of December 31, 2025 | As of December 31, 2024 | ||||||||||||||||||
| Computer hardware | 4 | $ | 154,550 | $ | 146,966 | |||||||||||||||
| Purchased computer software | 4 | 94,557 | 91,630 | |||||||||||||||||
| Buildings and land improvements | 46 | 57,194 | 57,194 | |||||||||||||||||
| Leasehold improvements | 6 | 44,379 | 39,278 | |||||||||||||||||
| Furniture, fixtures and equipment | 7 | 42,881 | 39,585 | |||||||||||||||||
| Land | n/a | 1,339 | 1,339 | |||||||||||||||||
| Construction in progress | n/a | 52,344 | 52,264 | |||||||||||||||||
| 447,244 | 428,256 | |||||||||||||||||||
| Less: accumulated depreciation and amortization | (244,857) | (220,589) | ||||||||||||||||||
| Total | $ | 202,387 | $ | 207,667 | ||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 23, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.