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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (including $96,662 and $53,193 Cash of consolidated joint ventures) $ 220,439 $ 262,539
Accounts receivable, net (including $212,924 and $217,419 Accounts receivable of consolidated joint ventures, net) 763,720 717,345
Contract assets (including $9,285 and $11,313 Contract assets of consolidated joint ventures) 683,631 634,033
Prepaid expenses and other current assets (including $12,871 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures) 133,553 105,866
Total current assets 1,801,343 1,719,783
Property and equipment, net (including $3,083 and $2,543 Property and equipment of consolidated joint ventures, net) 94,759 96,050
Right of use assets, operating leases (including $6,863 and $6,315 Right of use assets, operating leases of consolidated joint ventures) 148,095 155,090
Goodwill 1,661,913 1,661,850
Investments in and advances to unconsolidated joint ventures 107,416 107,425
Intangible assets, net 236,117 254,127
Deferred tax assets 140,366 137,709
Other noncurrent assets 65,797 66,108
Total assets 4,255,806 4,198,142
Current liabilities:    
Accounts payable (including $45,581 and $49,078 Accounts payable of consolidated joint ventures) 209,462 201,428
Accrued expenses and other current liabilities (including $128,145 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures) 635,089 630,193
Contract liabilities (including $39,958 and $40,654 Contract liabilities of consolidated joint ventures) 229,225 213,064
Short-term lease liabilities, operating leases (including $2,992 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures) 55,606 59,144
Income taxes payable 10,689 4,290
Total current liabilities 1,140,071 1,108,119
Long-term employee incentives 18,599 17,375
Long-term debt 744,140 743,605
Long-term lease liabilities, operating leases (including $3,871 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures) 107,482 111,417
Deferred tax liabilities 12,555 12,471
Other long-term liabilities 107,429 109,220
Total liabilities 2,130,276 2,102,207
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,243,639 and 146,132,016 shares issued; 42,248,807 and 40,960,845 public shares outstanding; 62,565,812 and 63,742,151 ESOP shares outstanding 146,244 146,132
Treasury stock, 41,429,020 shares at cost (844,936) (844,936)
Additional paid-in capital 2,712,167 2,717,134
Retained earnings 68,429 43,089
Accumulated other comprehensive loss (18,025) (17,849)
Total Parsons Corporation shareholders' equity 2,063,879 2,043,570
Noncontrolling interests 61,651 52,365
Total shareholders' equity 2,125,530 2,095,935
Total liabilities and shareholders' equity $ 4,255,806 $ 4,198,142