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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (including $62,544 and $78,514 Cash of consolidated joint ventures) $ 147,539 $ 342,608
Restricted cash and investments   1,275
Accounts receivable, net (including $187,482 and $140,266 Accounts receivable of consolidated joint ventures, net) 710,721 598,311
Contract assets (including $11,665 and $8,779 Contract assets of consolidated joint ventures) 642,264 579,216
Prepaid expenses and other current assets (including $6,870 and $18,783 Prepaid expenses and other current assets of consolidated joint ventures) 110,274 110,941
Total current assets 1,610,798 1,632,351
Property and equipment, net (including $1,987 and $1,721 Property and equipment of consolidated joint ventures, net) 94,518 104,196
Right of use assets, operating leases 161,602 182,672
Goodwill 1,661,107 1,412,690
Investments in and advances to unconsolidated joint ventures 99,424 110,688
Intangible assets, net 273,442 207,821
Deferred tax assets 139,890 134,393
Other noncurrent assets 54,209 46,129
Total assets 4,094,990 3,830,940
Current liabilities:    
Accounts payable (including $61,545 and $78,558 Accounts payable of consolidated joint ventures) 200,847 196,286
Accrued expenses and other current liabilities (including $83,831 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures) 682,677 599,089
Contract liabilities (including $18,376 and $14,333 Contract liabilities of consolidated joint ventures) 197,749 171,671
Short-term lease liabilities, operating leases 59,056 55,902
Income taxes payable 9,150 7,836
Total current liabilities 1,149,479 1,030,784
Long-term employee incentives 15,637 15,997
Long-term debt 694,718 591,922
Long-term lease liabilities, operating leases 121,172 148,893
Deferred tax liabilities 10,409 11,400
Other long-term liabilities 98,483 94,832
Total liabilities 2,089,898 1,893,828
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,087,771 and 146,276,880 shares issued; 39,326,392 and 33,331,494 public shares outstanding; 64,144,230 and 70,328,237 ESOP shares outstanding 146,088 146,277
Treasury stock, 42,617,149 shares at cost (867,391) (867,391)
Additional paid-in capital 2,678,653 2,684,979
Retained earnings (accumulated deficit) 15,008 (53,529)
Accumulated other comprehensive loss (19,292) (9,568)
Total Parsons Corporation shareholders' equity 1,953,066 1,900,768
Noncontrolling interests 52,026 36,344
Total shareholders' equity 2,005,092 1,937,112
Total liabilities and shareholders' equity $ 4,094,990 $ 3,830,940