Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

The following table summarizes business segment revenue for the periods presented (in thousands):

	Three Months Ended
	March 31, 2020		March 31, 2019
Federal Solutions revenue	$	477,571	$	422,812
Critical Infrastructure revenue		493,422		481,593
Total revenue	$	970,993	$	904,405

Summary of Adjusted EBITDA Business Segment Information

The following table reconciles business segment Adjusted EBITDA attributable to Parsons Corporation to Net Income attributable to Parsons Corporation for the periods presented (in thousands):

	Three Months Ended
Adjusted EBITDA attributable to Parsons Corporation	March 31, 2020			March 31, 2019
Federal Solutions	$	31,617		$	40,599
Critical Infrastructure		27,357			27,676
Adjusted EBITDA attributable to Parsons Corporation		58,974			68,275
Adjusted EBITDA attributable to noncontrolling interests		1,522			3,749
Depreciation and amortization		(32,409	)		(30,591	)
Interest expense, net		(3,794	)		(7,815	)
Income tax expense		(5,084	)		(1,886	)
Equity-based compensation income (expense)		7,721			(3,850	)
Transaction-related costs (a)		(12,011	)		(9,355	)
Restructuring income (expense) (b)		33			(2,218	)
Other (c)		(581	)		(2,923	)
Net income including noncontrolling interests		14,371			13,386
Net income attributable to noncontrolling interests		1,398			3,645
Net income attributable to Parsons Corporation	$	12,973		$	9,741

(a)	Reflects costs incurred in connection with acquisitions, the IPO, and other non-recurring transaction costs, primarily fees paid for professional services and employee retention.

(b)	Reflects costs associated with corporate restructuring initiatives.

(c)	Includes a combination of gain/loss related to sale of fixed assets, software implementation costs, and other individually insignificant items that are non-recurring in nature.

Summary of Revenues and Property and Equipment, Net by Geographic Area

The following tables present revenues and property and equipment, net by geographic area (in thousands):

	Three Months Ended
	March 31, 2020		March 31, 2019
Revenue
North America	$	797,946	$	731,030
Middle East		168,859		167,952
Rest of World		4,188		5,423
Total Revenue	$	970,993	$	904,405

The geographic location of revenue is determined by the location of the customer. The prior reporting of revenue by geographic location has been conformed to the current presentation.

	March 31, 2020		December 31, 2019
Property and Equipment, Net
North America	$	119,658	$	117,606
Middle East		4,942		5,145
Total Property and Equipment, Net	$	124,600	$	122,751

Summary of Revenues by Business Lines

The following table presents revenues by business lines (in thousands):

	Three Months Ended
	March 31, 2020		March 31, 2019
Revenue
Space & Geospatial Solutions	$	51,288	$	45,757
Cyber & Intelligence		98,882		72,549
Engineered Systems		172,832		145,618
Missile Defense & C5ISR		154,569		158,888
Federal Solutions revenues		477,571		422,812
Mobility Solutions		391,521		373,980
Connected Communities		101,901		107,613
Critical Infrastructure revenues		493,422		481,593
Total Revenue	$	970,993	$	904,405