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Segments Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summary of Business Segment Information

The following table summarizes business segment information for the periods presented (in thousands):

		2017				2018				2019
Revenues:
Federal Solutions		$	1,079,906			$	1,479,007			$	1,887,907
Critical Infrastructure			1,937,105				2,081,501				2,066,905
Total revenues		$	3,017,011			$	3,560,508			$	3,954,812

Summary of Adjusted EBITDA Business Segment Information

The following table summarizes business segment Adjusted EBITDA and a reconciliation to net income attributable to Parsons Corporation for the periods presented (in thousands):

		2017				2018				2019
Adjusted EBITDA attributable to Parsons Corporation
Federal Solutions		$	95,354			$	121,986			$	169,100
Critical Infrastructure			99,402				106,851				138,851
Adjusted EBITDA attributable to Parsons    Corporation			194,756				228,837				307,951
Adjusted EBITDA attributable to noncontrolling    interests			14,891				17,407				17,096
Depreciation and amortization			(35,198	)			(69,869	)			(125,700	)
Interest expense, net			(13,333	)			(18,132	)			(22,429	)
Income tax (expense) benefit			(21,464	)			(20,367	)			69,886
Litigation-related expenses (a)			(10,026	)			129,674				—
Amortization of deferred gain resulting from sale-leaseback transactions (b)			7,283				7,253				—
Equity-based compensation (c)			(19,016	)			(16,487	)			(65,744	)
Transaction-related costs (d)			(1,190	)			(12,942	)			(34,353	)
Restructuring (e)			—				—				(3,424	)
Other (f)			(5,166	)			(5,938	)			(6,155	)
Net income including noncontrolling    interests		$	111,537			$	239,436			$	137,128
Net income attributable to noncontrolling interests			(14,211	)			(17,099	)			(16,594	)
Net income attributable to Parsons    Corporation		$	97,326			$	222,337			$	120,534

(a) Fiscal 2017 reflects post-judgment interest expense recorded in “(Interest and other expense) gain associated with claim on long-term contract” in our results of operations related to a judgment entered against the Company in 2014 in connection with a lawsuit against a joint venture in which the Company is the managing partner.  Fiscal 2018 reflects a reversal of an accrued liability, with $55.1 million recorded to revenue and $74.6 million recorded to other income in our results of operations.  See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Annual Report on Form 10-K for a description of this matter, which was resolved in favor of the Company on June 13, 2018.

(b) Reflects recognized deferred gains related to sales-leaseback transactions described in “Note 10— Sale-Leasebacks.”

(c) Reflects equity-based compensation costs primarily related to cash-settled awards.  See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Annual Report on Form 10-K for a further discussion of these awards.

(c) Reflects costs incurred in connection with acquisitions, IPO, and other non-recurring transaction costs, primarily fees paid for professional services and employee retention.

(d) Reflects costs associated with and related to our corporate restructuring initiatives.

(e) Includes a combination of gain/loss related to sale of fixed assets, software implementation costs, and other individually insignificant items that are non-recurring in nature. 

Summary of Revenues and Property and Equipment, Net by Geographic Area

The following table presents revenues and property and equipment, net by geographic area (in thousands):

		2017				2018				2019
Revenues:
North America		$	2,374,138			$	2,870,494			$	3,249,054
Middle East			621,796				671,925				689,067
Rest of World			21,077				18,089				16,691
Total revenues		$	3,017,011			$	3,560,508			$	3,954,812
Property and equipment, net
North America		$	80,852			$	86,847			$	117,606
Middle East			6,726				5,002				5,145
Total property and equipment, net		$	87,578			$	91,849			$	122,751

Summary of Revenues by Business Lines

The following table presents revenues by business lines (in thousands):

		2017				2018				2019
Revenues:
Federal Solutions
Cyber & Intelligence		$	184,771			$	255,447			$	351,828
Defense			291,358				431,059				577,109
Mission Solutions			291,933				360,969				317,802
Engineered Systems			311,844				431,532				497,793
Geospatial			—				—				143,375
Federal Solutions revenues			1,079,906				1,479,007				1,887,907
Critical Infrastructure
Connected Communities			602,975				656,513				619,220
Mobility Solutions			1,102,725				1,183,863				1,120,563
Industrial			231,405				241,125				327,122
Critical Infrastructure revenues			1,937,105				2,081,501				2,066,905
Total revenues		$	3,017,011			$	3,560,508			$	3,954,812

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