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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (including $128,259 and $128,761 Cash of consolidated joint ventures) $ 528,462 $ 272,943
Accounts receivable, net (including $278,869 and $274,846 Accounts receivable of consolidated joint ventures, net) 1,042,936 915,638
Contract assets (including $41,963 and $11,096 Contract assets of consolidated joint ventures) 803,685 757,515
Prepaid expenses and other current assets (including $15,220 and $11,929 Prepaid expenses and other current assets of consolidated joint ventures) 198,619 191,430
Total current assets 2,573,702 2,137,526
Property and equipment, net (including $3,207 and $3,274 Property and equipment of consolidated joint ventures, net) 98,217 98,957
Right of use assets, operating leases (including $7,423 and $9,885 Right of use assets, operating leases of consolidated joint ventures) 136,169 159,211
Goodwill 1,790,903 1,792,665
Investments in and advances to unconsolidated joint ventures 157,243 128,204
Intangible assets, net 248,079 275,566
Deferred tax assets 162,669 140,162
Other noncurrent assets 71,748 71,770
Total assets 5,238,730 4,804,061
Current liabilities:    
Accounts payable (including $55,621 and $49,234 Accounts payable of consolidated joint ventures) 252,838 242,821
Accrued expenses and other current liabilities (including $150,734 and $145,040 Accrued expenses and other current liabilities of consolidated joint ventures) 822,124 801,423
Contract liabilities (including $66,042 and $61,234 Contract liabilities of consolidated joint ventures) 298,104 301,107
Short-term lease liabilities, operating leases (including $4,123 and $4,753 Short-term lease liabilities, operating leases of consolidated joint ventures) 52,840 58,556
Income taxes payable 1,042 6,977
Total current liabilities 1,426,948 1,410,884
Long-term employee incentives 25,491 22,924
Long-term debt 1,247,306 745,963
Long-term lease liabilities, operating leases (including $3,299 and $5,132 Long-term lease liabilities, operating leases of consolidated joint ventures) 98,152 117,505
Deferred tax liabilities 9,789 9,775
Other long-term liabilities 111,400 120,295
Total liabilities 2,919,086 2,427,346
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,698,035 and 146,341,363 shares issued; 50,022,445 and 45,960,122 public shares outstanding; 56,161,683 and 59,879,857 ESOP shares outstanding 146,697 146,341
Treasury stock, 40,501,385 shares at cost (827,311) (827,311)
Additional paid-in capital 2,762,728 2,779,365
Retained earnings 155,535 203,724
Accumulated other comprehensive loss (19,139) (14,908)
Total Parsons Corporation shareholders' equity 2,218,510 2,287,211
Noncontrolling interests 101,134 89,504
Total shareholders' equity 2,319,644 2,376,715
Total liabilities and shareholders' equity $ 5,238,730 $ 4,804,061