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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive (Loss) Income
Total Parsons Equity
Noncontrolling Interests
Beginning balance at Dec. 31, 2021 $ 1,937,112 $ 146,277 $ (867,391) $ 2,684,979 $ (53,529) $ (9,568) $ 1,900,768 $ 36,344
Comprehensive income                
Net income 126,565       96,664   96,664 29,901
Foreign currency translation gain (loss), net (7,752)         (7,734) (7,734) (18)
Pension adjustments, net (547)         (547) (547)  
Contributions of treasury stock to ESOP 53,801   22,455 31,346     53,801  
Contributions 10,266             10,266
Distributions (24,128)             (24,128)
Issuance of equity securities, net of retirements (390) 429   (773) (46)   (390)  
Repurchases of common stock (22,000) (574)   (21,426)     (22,000)  
Stock-based compensation 23,008     23,008     23,008  
Ending 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 207,915       161,149   161,149 46,766
Foreign currency translation gain (loss), net 2,375         2,373 2,373 2
Pension adjustments, net 568         568 568  
Contributions of treasury stock to ESOP 57,429   17,625 39,804     57,429  
Contributions 2,867             2,867
Distributions (12,496)             (12,496)
Issuance of equity securities, net of retirements (1,243) 442   (1,171) (514)   (1,243)  
Repurchases of common stock (11,000) (233)   (10,767)     (11,000)  
Stock-based compensation 34,365     34,365     34,365  
Ending 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 290,665       235,053   235,053 55,612
Foreign currency translation gain (loss), net (11,546)         (11,555) (11,555) 9
Pension adjustments, net (131)         (131) (131)  
Contributions of treasury stock to ESOP 58,228   12,029 46,199     58,228  
Contributions 2,174             2,174
Distributions (29,199)             (29,199)
Capped call transactions (66,121)     (66,121)     (66,121)  
Repurchase of warrants (104,952)     (104,952)     (104,952)  
Bond hedge termination 149,308     149,308     149,308  
Issuance of equity securities, net of retirements (14,630) 601   (3,235) (11,996)   (14,630)  
Convertible debt inducement (147,105)     (147,105)     (147,105)  
Repurchases of common stock (24,999) (287)   (24,712)     (24,999)  
Stock-based compensation 56,082     56,082     56,082  
Ending Balance at Dec. 31, 2024 $ 2,534,489 $ 146,655 $ (815,282) $ 2,684,829 $ 426,781 $ (26,594) $ 2,416,389 $ 118,100