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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (including $25,060 and $78,514 Cash of consolidated joint ventures) $ 125,982 $ 342,608
Restricted cash and investments 890 1,275
Accounts receivable, net (including $183,768 and $190,643 Accounts receivable of consolidated joint ventures, net) 733,487 598,311
Contract assets (including $9,867 and $23,498 Contract assets of consolidated joint ventures) 603,359 579,216
Prepaid expenses and other current assets (including $13,357 and $18,783 Prepaid expenses and other current assets of consolidated joint ventures) 119,908 110,941
Total current assets 1,583,626 1,632,351
Property and equipment, net (including $1,504 and $1,721 Property and equipment of consolidated joint ventures, net) 98,491 104,196
Right of use assets, operating leases 167,577 182,672
Goodwill 1,671,668 1,412,690
Investments in and advances to unconsolidated joint ventures 115,478 110,688
Intangible assets, net 285,115 207,821
Deferred tax assets 134,591 134,393
Other noncurrent assets 53,259 46,129
Total assets 4,109,805 3,830,940
Current liabilities:    
Accounts payable (including $62,848 and $78,558 Accounts payable of consolidated joint ventures) 194,696 196,286
Accrued expenses and other current liabilities (including $82,994 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures) 647,040 599,089
Contract liabilities (including $14,293 and $14,333 Contract liabilities of consolidated joint ventures) 186,295 171,671
Short-term lease liabilities, operating leases 59,814 55,902
Income taxes payable 10,941 7,836
Total current liabilities 1,098,786 1,030,784
Long-term employee incentives 16,177 15,997
Long-term debt 792,982 591,922
Long-term lease liabilities, operating leases 127,487 148,893
Deferred tax liabilities 9,587 11,400
Other long-term liabilities 100,119 94,832
Total liabilities 2,145,138 1,893,828
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,178,118 and 146,276,880 shares issued; 38,463,147 and 33,331,494 public shares outstanding; 65,097,822 and 70,328,237 ESOP shares outstanding 146,174 146,277
Treasury stock, 42,617,149 shares at cost (867,391) (867,391)
Additional paid-in capital 2,676,063 2,684,979
Accumulated deficit (14,565) (53,529)
Accumulated other comprehensive loss (12,100) (9,568)
Total Parsons Corporation shareholders' equity 1,928,181 1,900,768
Noncontrolling interests 36,486 36,344
Total shareholders' equity 1,964,667 1,937,112
Total liabilities and shareholders' equity $ 4,109,805 $ 3,830,940