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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents (including $51,516 and $75,220 Cash of consolidated joint ventures) $ 275,506 $ 483,609
Restricted cash and investments 1,197 3,606
Accounts receivable, net (including $152,471 and $190,643 Accounts receivable of consolidated joint ventures, net) 627,445 698,578
Contract assets (including $27,354 and $23,498 Contract assets of consolidated joint ventures) 569,294 576,568
Prepaid expenses and other current assets (including $21,764 and $3,045 Prepaid expenses and other current assets of consolidated joint ventures) 113,129 80,769
Total current assets 1,586,571 1,843,130
Property and equipment, net (including $1,499 and $2,629 Property and equipment of consolidated joint ventures, net) 105,895 121,027
Right of use assets, operating leases 188,519 210,398
Goodwill 1,411,465 1,261,978
Investments in and advances to unconsolidated joint ventures 102,677 68,975
Intangible assets, net 235,927 245,958
Deferred tax assets 147,260 130,200
Other noncurrent assets 45,619 56,038
Total assets 3,823,933 3,937,704
Current liabilities:    
Accounts payable (including $93,697 and $97,810 Accounts payable of consolidated joint ventures) 188,761 225,679
Accrued expenses and other current liabilities (including $81,336 and $68,801 Accrued expenses and other current liabilities of consolidated joint ventures) 626,171 650,753
Contract liabilities (including $18,720 and $33,922 Contract liabilities of consolidated joint ventures) 186,789 201,864
Short-term lease liabilities, operating leases 54,466 54,133
Income taxes payable 4,472 4,980
Short-term debt 0 50,000
Total current liabilities 1,060,659 1,187,409
Long-term employee incentives 19,486 21,828
Long-term debt 591,399 539,998
Long-term lease liabilities, operating leases 157,590 182,467
Deferred tax liabilities 23,554 12,285
Other long-term liabilities 117,369 132,300
Total liabilities 1,970,057 2,076,287
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,506,406 and 146,609,288 shares issued; 32,538,566 and 25,719,350 public shares outstanding; 69,719,214 and 76,641,312 ESOP shares outstanding 146,507 146,609
Treasury stock, 44,248,626 shares at cost (899,328) (899,328)
Additional paid-in capital 2,669,692 2,700,925
Accumulated deficit (82,661) (120,569)
Accumulated other comprehensive loss (10,132) (13,865)
Total Parsons Corporation shareholders' equity 1,824,078 1,813,772
Noncontrolling interests 29,798 47,645
Total shareholders' equity 1,853,876 1,861,417
Total liabilities and shareholders' equity $ 3,823,933 $ 3,937,704