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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (including $53,193 and $78,514 Cash of consolidated joint ventures) $ 262,539 $ 342,608
Restricted cash and investments   1,275
Accounts receivable, net (including $217,419 and $140,266 Accounts receivable of consolidated joint ventures, net) 717,345 598,311
Contract assets (including $11,313 and $8,779 Contract assets of consolidated joint ventures) 634,033 579,216
Prepaid expenses and other current assets (including $7,913 and $18,783 Prepaid expenses and other current assets of consolidated joint ventures) 105,866 110,941
Total current assets 1,719,783 1,632,351
Property and equipment, net (including $2,543 and $1,721 Property and equipment of consolidated joint ventures, net) 96,050 104,196
Right of use assets, operating leases 155,090 182,672
Goodwill 1,661,850 1,412,690
Investments in and advances to unconsolidated joint ventures 107,425 110,688
Intangible assets, net 254,127 207,821
Deferred tax assets 137,709 134,393
Other noncurrent assets 66,108 46,129
Total assets 4,198,142 3,830,940
Current liabilities:    
Accounts payable (including $49,078 and $78,558 Accounts payable of consolidated joint ventures) 201,428 196,286
Accrued expenses and other current liabilities (including $102,417 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures) 630,193 599,089
Contract liabilities (including $40,654 and $14,333 Contract liabilities of consolidated joint ventures) 213,064 171,671
Short-term lease liabilities, operating leases 59,144 55,902
Income taxes payable 4,290 7,836
Total current liabilities 1,108,119 1,030,784
Long-term employee incentives 17,375 15,997
Long-term debt 743,605 591,922
Long-term lease liabilities, operating leases 111,417 148,893
Deferred tax liabilities 12,471 11,400
Other long-term liabilities 109,220 94,832
Total liabilities 2,102,207 1,893,828
Contingencies (Note 14)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,132,016 and 146,276,880 shares issued; 40,960,845 and 33,331,494 public shares outstanding; 63,742,151 and 70,328,237 ESOP shares outstanding 146,132 146,277
Treasury stock, 41,429,020 shares at cost (844,936) (867,391)
Additional paid-in capital 2,717,134 2,684,979
Retained earnings (accumulated deficit) 43,089 (53,529)
Accumulated other comprehensive loss (17,849) (9,568)
Total Parsons Corporation shareholders' equity 2,043,570 1,900,768
Noncontrolling interests 52,365 36,344
Total shareholders' equity 2,095,935 1,937,112
Total liabilities and shareholders' equity $ 4,198,142 $ 3,830,940