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v3.19.3

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 28, 2018 | Sep. 30, 2019 | Sep. 28, 2018
Income Statement [Abstract] |  |  |  |
Revenues | $ 1,023,277 | $ 976,157 | $ 2,917,424 | $ 2,631,568
Direct costs of contracts | 798,552 | 783,018 | 2,297,512 | 2,054,201
Equity in earnings of unconsolidated joint ventures | 7,274 | 12,707 | 29,305 | 25,577
Indirect, general and administrative expenses | 178,550 | 150,733 | 581,428 | 422,028
Operating income | 53,449 | 55,113 | 67,789 | 180,916
Interest income | 427 | 351 | 1,129 | 2,358
Interest expense | (4,909) | (5,940) | (19,577) | (14,475)
Other income (expense), net | (3,127) | 696 | (1,580) | 355
Gain associated with claim on long-term contract | 0 | 0 | 0 | 74,578
Total other income (expense) | (7,609) | (4,893) | (20,028) | 62,816
Income before income tax provision | 45,840 | 50,220 | 47,761 | 243,732
Income tax benefit (provision) | 15,453 | (4,154) | 67,063 | (18,526)
Net income including noncontrolling interests | 61,293 | 46,066 | 114,824 | 225,206
Net income attributable to noncontrolling interests | (4,481) | (4,844) | (8,012) | (10,316)
Net income attributable to Parsons Corporation | $ 56,812 | $ 41,222 | $ 106,812 | $ 214,890
Earnings per share: |  |  |  |
Basic and diluted | $ 0.57 | $ 0.52 | $ 1.19 | $ 2.66

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