XML 98 R4.htm IDEA: XBRL DOCUMENT 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