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Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Summary of Business Segment Information

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

		Three Months Ended
		March 31, 2021				March 31, 2020
Federal Solutions revenue		$	452,069			$	477,571
Critical Infrastructure revenue			422,628				493,422
Total revenue		$	874,697			$	970,993

Summary of Adjusted EBITDA Business Segment Information

The following table reconciles business segment Adjusted EBITDA attributable to Parsons Corporation to Net Income attributable to Parsons Corporation for the periods presented (in thousands):

		Three Months Ended
Adjusted EBITDA attributable to Parsons Corporation		March 31, 2021				March 31, 2020
Federal Solutions		$	31,982			$	31,617
Critical Infrastructure			31,657				27,357
Adjusted EBITDA attributable to Parsons Corporation			63,639				58,974
Adjusted EBITDA attributable to noncontrolling interests			5,060				1,522
Depreciation and amortization			(34,673	)			(32,409	)
Interest expense, net			(4,443	)			(3,794	)
Income tax expense			(5,375	)			(5,084	)
Equity-based compensation income (expense)			(6,980	)			7,721
Transaction-related costs (a)			(2,646	)			(12,011	)
Restructuring expense (b)			(77	)			33
Other (c)			(491	)			(581	)
Net income including noncontrolling interests			14,014				14,371
Net income attributable to noncontrolling interests			4,975				1,398
Net income attributable to Parsons Corporation		$	9,039			$	12,973

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

(b) Reflects costs associated with corporate restructuring initiatives.

(c) 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 tables present revenues and property and equipment, net by geographic area (in thousands):

		Three Months Ended
		March 31, 2021				March 31, 2020
Revenue
North America		$	716,346			$	797,946
Middle East			153,643				168,859
Rest of World			4,708				4,188
Total Revenue		$	874,697			$	970,993

The geographic location of revenue is determined by the location of the customer.

		March 31, 2021				December 31, 2020
Property and Equipment, Net
North America		$	111,398			$	116,460
Middle East			4,146				4,567
Total Property and Equipment, Net		$	115,544			$	121,027

Summary of Revenues by Business Lines

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

		Three Months Ended
		March 31, 2021				March 31, 2020
Revenue
Cyber & Intelligence		$	83,328			$	98,882
Space & Geospatial Solutions			83,059				51,288
Missile Defense & C5ISR			144,715				154,569
Engineered Systems			140,967				172,832
Federal Solutions revenues			452,069				477,571
Connected Communities			89,883				101,901
Mobility Solutions			332,745				391,521
Critical Infrastructure revenues			422,628				493,422
Total Revenue		$	874,697			$	970,993

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