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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (including $202,121 and $128,761 Cash of consolidated joint ventures) $ 453,548 $ 272,943
Accounts receivable, net (including $294,700 and $274,846 Accounts receivable of consolidated joint ventures, net) 1,100,396 915,638
Contract assets (including $7,906 and $11,096 Contract assets of consolidated joint ventures) 741,504 757,515
Prepaid expenses and other current assets (including $14,723 and $11,929 Prepaid expenses and other current assets of consolidated joint ventures) 166,952 191,430
Total current assets 2,462,400 2,137,526
Property and equipment, net (including $2,971 and $3,274 Property and equipment of consolidated joint ventures, net) 111,575 98,957
Right of use assets, operating leases (including $5,726 and $9,885 Right of use assets, operating leases of consolidated joint ventures) 153,048 159,211
Goodwill 2,082,680 1,792,665
Investments in and advances to unconsolidated joint ventures 138,759 128,204
Intangible assets, net 349,937 275,566
Deferred tax assets 133,450 140,162
Other noncurrent assets 56,113 71,770
Total assets 5,487,962 4,804,061
Current liabilities:    
Accounts payable (including $28,214 and $49,234 Accounts payable of consolidated joint ventures) 207,589 242,821
Accrued expenses and other current liabilities (including $198,797 and $145,040 Accrued expenses and other current liabilities of consolidated joint ventures) 894,425 801,423
Contract liabilities (including $66,144 and $61,234 Contract liabilities of consolidated joint ventures) 289,799 301,107
Short-term lease liabilities, operating leases (including $3,522 and $4,753 Short-term lease liabilities, operating leases of consolidated joint ventures) 52,725 58,556
Income taxes payable 7,701 6,977
Short-term debt 463,405 0
Total current liabilities 1,915,644 1,410,884
Long-term employee incentives 31,818 22,924
Long-term debt 784,096 745,963
Long-term lease liabilities, operating leases (including $2,203 and $5,132 Long-term lease liabilities, operating leases of consolidated joint ventures) 114,386 117,505
Deferred tax liabilities 11,043 9,775
Other long-term liabilities 96,486 120,295
Total liabilities 2,953,473 2,427,346
Contingencies
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,656,225 and 146,341,363 shares issued; 52,657,447 and 45,960,122 public shares outstanding; 54,117,904 and 59,879,857 ESOP shares outstanding 146,655 146,341
Treasury stock, 39,880,875 shares at cost (815,282) (827,311)
Additional paid-in capital 2,684,829 2,779,365
Retained earnings 426,781 203,724
Accumulated other comprehensive loss (26,594) (14,908)
Total Parsons Corporation shareholders' equity 2,416,389 2,287,211
Noncontrolling interests 118,100 89,504
Total shareholders' equity 2,534,489 2,376,715
Total liabilities and shareholders' equity $ 5,487,962 $ 4,804,061