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Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total Parsons Equity
Noncontrolling Interest
Beginning balance at Dec. 31, 2022 $ 2,095,935 $ 146,132 $ (844,936) $ 2,717,134 $ 43,089 $ (17,849) $ 2,043,570 $ 52,365
Comprehensive income                
Net income 90,047       68,794   68,794 21,253
Foreign currency translation gain (loss), net 2,975         2,972 2,972 3
Pension adjustments, net 17         17 17  
Contributions 200             200
Distributions (2,487)             (2,487)
Issuance of equity securities, net of retirements (3,900) 365   (3,895) (370)   (3,900)  
Repurchases of common stock (8,000) (185)   (7,815)     (8,000)  
Stock-based compensation 15,978     15,978     15,978  
Ending Balance at Jun. 30, 2023 2,190,766 146,312 (844,936) 2,721,402 111,513 (14,860) 2,119,431 71,335
Beginning balance at Mar. 31, 2023 2,125,530 146,244 (844,936) 2,712,167 68,429 (18,025) 2,063,879 61,651
Comprehensive income                
Net income 54,771       43,241   43,241 11,530
Foreign currency translation gain (loss), net 3,152         3,149 3,149 3
Pension adjustments, net 16         16 16  
Distributions (1,849)             (1,849)
Issuance of equity securities, net of retirements 2,160 114   2,203 (157)   2,160  
Repurchases of common stock (2,000) (46)   (1,954)     (2,000)  
Stock-based compensation 8,986     8,986     8,986  
Ending Balance at Jun. 30, 2023 2,190,766 146,312 (844,936) 2,721,402 111,513 (14,860) 2,119,431 71,335
Beginning balance at Dec. 31, 2023 2,376,715 146,341 (827,311) 2,779,365 203,724 (14,908) 2,287,211 89,504
Comprehensive income                
Net income (11,393)       (38,183)   (38,183) 26,790
Foreign currency translation gain (loss), net (4,172)         (4,184) (4,184) 12
Pension adjustments, net (47)         (47) (47)  
Contributions 77             77
Distributions (15,249)             (15,249)
Capped call transactions (66,121)     (66,121)     (66,121)  
Adjustments to warrant repurchased (104,952)     (104,952)     (104,952)  
Bond hedge termination 149,308     149,308     149,308  
Issuance of equity securities, net of retirements (15,197) 487   (5,678) (10,006)   (15,197)  
Repurchases of common stock (10,000) (131)   (9,869)     (10,000)  
Stock-based compensation 20,675     20,675     20,675  
Ending Balance at Jun. 30, 2024 2,319,644 146,697 (827,311) 2,762,728 155,535 (19,139) 2,218,510 101,134
Beginning balance at Mar. 31, 2024 2,243,157 146,717 (827,311) 2,759,867 87,261 (16,866) 2,149,668 93,489
Comprehensive income                
Net income 80,719       69,172   69,172 11,547
Foreign currency translation gain (loss), net (2,245)         (2,257) (2,257) 12
Pension adjustments, net (16)         (16) (16)  
Contributions 77             77
Distributions (3,991)             (3,991)
Issuance of equity securities, net of retirements 1,791 111   2,578 (898)   1,791  
Repurchases of common stock (10,000) (131)   (9,869)     (10,000)  
Stock-based compensation 10,152     10,152     10,152  
Ending Balance at Jun. 30, 2024 $ 2,319,644 $ 146,697 $ (827,311) $ 2,762,728 $ 155,535 $ (19,139) $ 2,218,510 $ 101,134