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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (including $28,477 and $78,514 Cash of consolidated joint ventures) $ 285,622 $ 342,608
Restricted cash and investments 1,140 1,275
Accounts receivable, net (including $166,410 and $190,643 Accounts receivable of consolidated joint ventures, net) 646,117 598,311
Contract assets (including $8,647 and $23,498 Contract assets of consolidated joint ventures) 600,109 579,216
Prepaid expenses and other current assets (including $10,694 and $18,783 Prepaid expenses and other current assets of consolidated joint ventures) 107,978 110,941
Total current assets 1,640,966 1,632,351
Property and equipment, net (including $1,707 and $1,721 Property and equipment of consolidated joint ventures, net) 97,922 104,196
Right of use assets, operating leases 171,907 182,672
Goodwill 1,412,834 1,412,690
Investments in and advances to unconsolidated joint ventures 114,234 110,688
Intangible assets, net 188,731 207,821
Deferred tax assets 137,015 134,393
Other noncurrent assets 45,232 46,129
Total assets 3,808,841 3,830,940
Current liabilities:    
Accounts payable (including $57,700 and $78,558 Accounts payable of consolidated joint ventures) 157,080 196,286
Accrued expenses and other current liabilities (including $78,453 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures) 609,095 599,089
Contract liabilities (including $14,637 and $14,333 Contract liabilities of consolidated joint ventures) 172,932 171,671
Short-term lease liabilities, operating leases 57,197 55,902
Income taxes payable 12,551 7,836
Total current liabilities 1,008,855 1,030,784
Long-term employee incentives 15,000 15,997
Long-term debt 592,450 591,922
Long-term lease liabilities, operating leases 135,276 148,893
Deferred tax liabilities 11,793 11,400
Other long-term liabilities 94,842 94,832
Total liabilities 1,858,216 1,893,828
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,347,283 and 146,276,880 shares issued; 34,942,580 and 33,331,494 public shares outstanding; 68,787,554 and 70,328,237 ESOP shares outstanding 146,348 146,277
Treasury stock, 42,617,149 shares at cost (867,391) (867,391)
Additional paid-in capital 2,678,761 2,684,979
Accumulated deficit (32,858) (53,529)
Accumulated other comprehensive loss (6,673) (9,568)
Total Parsons Corporation shareholders' equity 1,918,187 1,900,768
Noncontrolling interests 32,438 36,344
Total shareholders' equity 1,950,625 1,937,112
Total liabilities and shareholders' equity $ 3,808,841 $ 3,830,940