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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (including $128,761 and $53,193 Cash consolidated joint ventures) $ 272,943 $ 262,539
Accounts receivable, net (including $274,846 and $217,419 Accounts receivable of consolidated joint ventures, net) 915,638 717,345
Contract assets (including $11,096 and $11,313 Contract assets of consolidated joint ventures) 757,515 634,033
Prepaid expenses and other current assets (including $11,929 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures) 191,430 105,866
Total current assets 2,137,526 1,719,783
Property and equipment, net (including $3,274 and $2,543 Property and equipment of consolidated joint ventures, net) 98,957 96,050
Right of use assets, operating leases (including $9,885 and $6,315 Right of use assets, operating leases of consolidated joint ventures) 159,211 155,090
Goodwill 1,792,665 1,661,850
Investments in and advances to unconsolidated joint ventures 128,204 107,425
Intangible assets, net 275,566 254,127
Deferred tax assets 140,162 137,709
Other noncurrent assets 71,770 66,108
Total assets 4,804,061 4,198,142
Current liabilities:    
Accounts payable (including $49,234 and $49,078 Accounts payable of consolidated joint ventures) 242,821 201,428
Accrued expenses and other current liabilities (including $145,040 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures) 801,423 630,193
Contract liabilities (including $61,234 and $40,654 Contract liabilities of consolidated joint ventures) 301,107 213,064
Short-term lease liabilities, operating leases (including $4,753 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures) 58,556 59,144
Income taxes payable 6,977 4,290
Total current liabilities 1,410,884 1,108,119
Long-term employee incentives 22,924 17,375
Long-term debt 745,963 743,605
Long-term lease liabilities, operating leases (including $5,132 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures) 117,505 111,417
Deferred tax liabilities 9,775 12,471
Other long-term liabilities 120,295 109,220
Total liabilities 2,427,346 2,102,207
Contingencies (Note 14)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,341,363 and 146,132,016 shares issued; 45,960,122 and 40,960,845 public shares outstanding; 59,879,857 and 63,742,151 ESOP shares outstanding 146,341 146,132
Treasury stock, 40,501,385 shares at cost (827,311) (844,936)
Additional paid-in capital 2,779,365 2,717,134
Retained earnings 203,724 43,089
Accumulated other comprehensive loss (14,908) (17,849)
Total Parsons Corporation shareholders' equity 2,287,211 2,043,570
Noncontrolling interests 89,504 52,365
Total shareholders' equity 2,376,715 2,095,935
Total liabilities and shareholders' equity $ 4,804,061 $ 4,198,142