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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents (including $73,794 and $55,054 Cash of consolidated joint ventures) $ 133,870 $ 280,221
Restricted cash and investments 12,592 974
Accounts receivable, net (including $180,325 and $164,460 Accounts receivable of consolidated joint ventures, net) 673,674 623,286
Contract assets (including $21,270 and $26,542 Contract assets of consolidated joint ventures) 583,670 515,319
Prepaid expenses and other current assets (including $11,837 and $8,149 Prepaid expenses and other current assets of consolidated joint ventures) 70,455 69,007
Total current assets 1,474,261 1,488,807
Property and equipment, net (including $2,561 and $3,171 Property and equipment of consolidated joint ventures, net) 109,238 91,849
Right of use assets, operating leases 219,207 0
Goodwill 1,050,077 736,938
Investments in and advances to unconsolidated joint ventures 66,584 63,560
Intangible assets, net 281,157 179,519
Deferred tax assets 111,610 5,680
Other noncurrent assets 50,510 46,225
Total assets 3,362,644 2,612,578
Current liabilities:    
Accounts payable (including $87,914 and $90,692 Accounts payable of consolidated joint ventures) 226,563 226,345
Accrued expenses and other current liabilities (including $73,209 and $63,880 Accrued expenses and other current liabilities of consolidated joint ventures) 639,650 559,700
Contract liabilities (including $38,706 and $43,324 Contract liabilities of consolidated joint ventures) 231,032 208,576
Short-term lease liabilities, operating leases 49,074 0
Income taxes payable 9,940 11,540
Total current liabilities 1,156,259 1,006,161
Long-term employee incentives 45,749 41,913
Deferred gain resulting from sale-leaseback transactions 0 46,004
Long-term debt 249,306 429,164
Long-term lease liabilities, operating leases 188,571 0
Deferred tax liabilities 7,337 6,240
Other long-term liabilities 120,971 127,863
Total liabilities 1,768,193 1,657,345
Commitments and contingencies (Note 13)
Redeemable common stock held by Employee Stock Ownership Plan (ESOP), $1 par value; 78,172,809 and 78,138,602 shares outstanding, recorded at redemption value 2,577,011 1,876,309
Shareholders' equity (deficit):    
Common stock, $1 par value; authorized 1,000,000,000 shares; 125,097,684 and 146,393,959 shares issued; 0 and 21,296,275 shares outstanding 21,296  
Treasury stock, 46,918,140 and 46,959,082 shares at cost (957,844) (957,025)
Additional paid-in capital 8,772  
Retained earnings (accumulated deficit) (64,896) 12,445
Accumulated other comprehensive loss (17,982) (22,957)
Total Parsons Corporation shareholders' equity (deficit) (1,010,654) (967,537)
Noncontrolling interests 28,094 46,461
Total shareholders' equity (deficit) (982,560) (921,076)
Total liabilities, redeemable common stock and shareholders' equity (deficit) $ 3,362,644 $ 2,612,578