• $563M of cash flow from operations for the last 12 months1 • $675M line of credit available in U.S.1 2. Forrester Wave™: Digital Platform Engineering Services, Q2 2016 Cash Flow & Balance Sheet • $2.0B cash balance with nominal debt1 • Capital allocation strategy focused on acquisitions to enhance or add capabilities, in addition, share repurchases to offset dilution from employee equity programs Footnote References on Page 30 EPAM Proprietary & Confidential. 28 EPAM Proprietary & Confidential. 29 Footnot ...