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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (including $132,662 and $128,761 Cash of consolidated joint ventures) $ 558,823 $ 272,943
Accounts receivable, net (including $348,892 and $274,846 Accounts receivable of consolidated joint ventures, net) 1,034,976 915,638
Contract assets (including $6,260 and $11,096 Contract assets of consolidated joint ventures) 790,001 757,515
Prepaid expenses and other current assets (including $15,284 and $11,929 Prepaid expenses and other current assets of consolidated joint ventures) 170,858 191,430
Total current assets 2,554,658 2,137,526
Property and equipment, net (including $3,235 and $3,274 Property and equipment of consolidated joint ventures, net) 101,193 98,957
Right of use assets, operating leases (including $6,879 and $9,885 Right of use assets, operating leases of consolidated joint ventures) 135,367 159,211
Goodwill 1,931,157 1,792,665
Investments in and advances to unconsolidated joint ventures 194,524 128,204
Intangible assets, net 307,952 275,566
Deferred tax assets 163,539 140,162
Other noncurrent assets 54,952 71,770
Total assets 5,443,342 4,804,061
Current liabilities:    
Accounts payable (including $65,426 and $49,234 Accounts payable of consolidated joint ventures) 300,217 242,821
Accrued expenses and other current liabilities (including $173,190 and $145,040 Accrued expenses and other current liabilities of consolidated joint ventures) 876,583 801,423
Contract liabilities (including $64,899 and $61,234 Contract liabilities of consolidated joint ventures) 300,799 301,107
Short-term lease liabilities, operating leases (including $3,962 and $4,753 Short-term lease liabilities, operating leases of consolidated joint ventures) 51,971 58,556
Income taxes payable 4,556 6,977
Short-term debt 115,428 0
Total current liabilities 1,649,554 1,410,884
Long-term employee incentives 27,553 22,924
Long-term debt 1,132,980 745,963
Long-term lease liabilities, operating leases (including $2,916 and $5,132 Long-term lease liabilities, operating leases of consolidated joint ventures) 97,838 117,505
Deferred tax liabilities 27,931 9,775
Other long-term liabilities 93,055 120,295
Total liabilities 3,028,911 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 146,703 146,341
Treasury stock, 40,501,385 shares at cost (827,311) (827,311)
Additional paid-in capital 2,781,868 2,779,365
Retained earnings 227,334 203,724
Accumulated other comprehensive loss (16,142) (14,908)
Total Parsons Corporation shareholders' equity 2,312,452 2,287,211
Noncontrolling interests 101,979 89,504
Total shareholders' equity 2,414,431 2,376,715
Total liabilities and shareholders' equity $ 5,443,342 $ 4,804,061