XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 1,670,467 $ 1,356,486 $ 3,206,143 $ 2,529,952
Direct cost of contracts 1,318,931 1,068,220 2,529,758 1,985,408
Equity in (losses) earnings of unconsolidated joint ventures (16,837) 75 (18,897) (5,765)
Selling, general and administrative expenses 223,277 211,897 444,222 411,205
Operating income 111,422 76,444 213,266 127,574
Interest income 3,825 306 4,977 1,099
Interest expense (13,008) (7,299) (26,006) (13,757)
Loss on extinguishment of debt 0 0 (211,018) 0
Other income (expense), net 895 543 (2,431) 1,857
Total other income (expense) (8,288) (6,450) (234,478) (10,801)
Income (loss) before income tax expense 103,134 69,994 (21,212) 116,773
Income tax (expense) benefit (22,415) (15,223) 9,819 (26,726)
Net income (loss) including noncontrolling interests 80,719 54,771 (11,393) 90,047
Net income attributable to noncontrolling interests (11,547) (11,530) (26,790) (21,253)
Net income (loss) attributable to Parsons Corporation $ 69,172 $ 43,241 $ (38,183) $ 68,794
Earnings (loss) per share:        
Basic $ 0.65 $ 0.41 $ (0.36) $ 0.66
Diluted $ 0.63 $ 0.38 $ (0.36) $ 0.61