diff --git a/e2e/flags_test.go b/e2e/flags_test.go
new file mode 100644
index 000000000..59b9c3e80
--- /dev/null
+++ b/e2e/flags_test.go
@@ -0,0 +1,21 @@
+package e2e
+
+import (
+	"testing"
+
+	"gotest.tools/v3/icmd"
+)
+
+func TestFlagVersion(t *testing.T) {
+	t.Parallel()
+
+	_, s5cmd, cleanup := setup(t)
+	defer cleanup()
+
+	cmd := s5cmd("-version")
+	result := icmd.RunCmd(cmd)
+
+	// make sure that -version flag works as expected:
+	// https://github.com/peak/s5cmd/issues/70#issuecomment-592218542
+	result.Assert(t, icmd.Success)
+}
diff --git a/main.go b/main.go
index 2def62e58..319c1893b 100644
--- a/main.go
+++ b/main.go
@@ -1,3 +1,5 @@
+//go:generate go run version/cmd/generate.go
+
 package main
 
 import (
@@ -20,12 +22,6 @@ import (
 	"github.com/peak/s5cmd/version"
 )
 
-//go:generate go run version/cmd/generate.go
-var (
-	GitSummary = version.GitSummary
-	GitBranch  = version.GitBranch
-)
-
 func printOps(name string, counter uint64, elapsed time.Duration, extra string) {
 	if counter == 0 {
 		return
@@ -61,10 +57,9 @@ func main() {
 		os.Exit(0)
 	}
 
-	// validation must be done after the completion
-	if err := flags.Validate(); err != nil {
-		log.Print(err)
-		os.Exit(2)
+	if *flags.ShowVersion {
+		fmt.Println(version.GetHumanVersion())
+		os.Exit(0)
 	}
 
 	if *flags.EnableGops || os.Getenv("S5CMD_GOPS") != "" {
@@ -73,13 +68,10 @@ func main() {
 		}
 	}
 
-	if *flags.ShowVersion {
-		fmt.Printf("s5cmd version %s", GitSummary)
-		if GitBranch != "" {
-			fmt.Printf(" (from branch %s)", GitBranch)
-		}
-		fmt.Print("\n")
-		os.Exit(0)
+	// validation must be done after the completion
+	if err := flags.Validate(); err != nil {
+		log.Print(err)
+		os.Exit(2)
 	}
 
 	cmd := strings.Join(flag.Args(), " ")
diff --git a/version/cmd/generate.go b/version/cmd/generate.go
index 7b550c2e4..d62a38089 100644
--- a/version/cmd/generate.go
+++ b/version/cmd/generate.go
@@ -9,10 +9,9 @@ import (
 	"os"
 	"os/exec"
 	"strings"
-	"time"
 )
 
-func mustRunGetResult(cmd string, arg ...string) string {
+func cmdOutput(cmd string, arg ...string) string {
 	var buf bytes.Buffer
 
 	c := exec.Command(cmd)
@@ -29,37 +28,34 @@ func mustRunGetResult(cmd string, arg ...string) string {
 	return strings.Trim(buf.String(), "\n\r ")
 }
 
-func commandToConst(name, command string, args []string) string {
-	data := mustRunGetResult(command, args...)
-
-	ret := "\n// " + name + " is the output of \"" + command + " " + strings.Join(args, " ") + "\"\n"
-	switch name {
-	case "GitSummary":
-		ret += "// For release builds, manually edit this to reflect the released version tag.\n"
-	case "GitBranch":
-		ret += "// For release builds this should be left empty.\n"
-	}
-	ret += "const " + name + ` = "` + data + `"` + "\n"
-
-	return ret
-}
-
 const destinationFile = "version/version.go"
 
 func main() {
-	summary := commandToConst("GitSummary", "git", strings.Split("describe --tags --dirty --always", " "))
-	branch := commandToConst("GitBranch", "git", strings.Split("symbolic-ref -q --short HEAD", " "))
+	gitTag := cmdOutput("git", strings.Split("describe --tags --abbrev=0", " ")...)
+	gitCommit := cmdOutput("git", strings.Split("rev-parse HEAD", " ")...)
+	gitCommit = gitCommit[:6]
 
-	timestamp := time.Now().Format(time.UnixDate)
+	var buf bytes.Buffer
+	fmt.Fprint(&buf, "// Package version is auto-generated using version/cmd/generate.go on non-release builds.\n")
+	fmt.Fprint(&buf, "package version\n\n")
+	fmt.Fprint(&buf, "// Code generated by version/cmd/generate.go. DO NOT EDIT.\n\n")
+	fmt.Fprintf(&buf, "import %q\n", "strings")
+	fmt.Fprintln(&buf, "")
+	fmt.Fprintf(&buf, "const Version = %q\n", gitTag)
+	fmt.Fprintf(&buf, "const GitCommit = %q\n", gitCommit)
+	fmt.Fprint(&buf, `
+func GetHumanVersion() string {
+	version := Version
+	if !strings.HasPrefix(version, "v") {
+		version = "v" + Version
+	}
 
-	b := bytes.NewBuffer(nil)
-	fmt.Fprint(b, `// Package version is auto-generated using version/cmd/generate.go on non-release builds.
-package version
+	return Version + "-" + GitCommit
+}
+`)
 
-// Code generated by version/cmd/generate.go. DO NOT EDIT.
-// `+timestamp+"\n"+summary+branch)
 	log.Printf("Writing %s...\n", destinationFile)
-	if err := ioutil.WriteFile(destinationFile, b.Bytes(), 0644); err != nil {
+	if err := ioutil.WriteFile(destinationFile, buf.Bytes(), 0644); err != nil {
 		log.Fatal(err)
 	}
 }
diff --git a/version/version.go b/version/version.go
index 6953c708b..549199194 100644
--- a/version/version.go
+++ b/version/version.go
@@ -1,10 +1,18 @@
-// Package version will be auto-generated using version/cmd/generate.go on non-release builds.
+// Package version is auto-generated using version/cmd/generate.go on non-release builds.
 package version
 
-// GitSummary will be the output of "git describe --tags --dirty --always"
-// For release builds, manually edit this to reflect the released version tag.
-const GitSummary = "v0.7.0"
+// Code generated by version/cmd/generate.go. DO NOT EDIT.
 
-// GitBranch will be the output of "git symbolic-ref -q --short HEAD"
-// For release builds this should be left empty.
-const GitBranch = ""
+import "strings"
+
+const Version = "v0.7.0"
+const GitCommit = "2a123c"
+
+func GetHumanVersion() string {
+	version := Version
+	if !strings.HasPrefix(version, "v") {
+		version = "v" + Version
+	}
+
+	return Version + "-" + GitCommit
+}