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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (including $83,101 and $53,193 Cash of consolidated joint ventures) $ 178,589 $ 262,539
Accounts receivable, net (including $266,312 and $217,419 Accounts receivable of consolidated joint ventures, net) 949,493 717,345
Contract assets (including $9,983 and $11,313 Contract assets of consolidated joint ventures) 712,413 634,033
Prepaid expenses and other current assets (including $15,546 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures) 139,713 105,866
Total current assets 1,980,208 1,719,783
Property and equipment, net (including $3,345 and $2,543 Property and equipment of consolidated joint ventures, net) 95,266 96,050
Right of use assets, operating leases (including $6,596 and $6,315 Right of use assets, operating leases of consolidated joint ventures) 166,797 155,090
Goodwill 1,692,725 1,661,850
Investments in and advances to unconsolidated joint ventures 118,861 107,425
Intangible assets, net 240,300 254,127
Deferred tax assets 144,782 137,709
Other noncurrent assets 68,568 66,108
Total assets 4,507,507 4,198,142
Current liabilities:    
Accounts payable (including $49,508 and $49,078 Accounts payable of consolidated joint ventures) 237,229 201,428
Accrued expenses and other current liabilities (including $144,256 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures) 693,662 630,193
Contract liabilities (including $45,552 and $40,654 Contract liabilities of consolidated joint ventures) 292,404 213,064
Short-term lease liabilities, operating leases (including $3,197 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures) 57,085 59,144
Income taxes payable 14,521 4,290
Total current liabilities 1,294,901 1,108,119
Long-term employee incentives 18,142 17,375
Long-term debt 744,777 743,605
Long-term lease liabilities, operating leases (including $3,399 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures) 128,634 111,417
Deferred tax liabilities 20,024 12,471
Other long-term liabilities 110,263 109,220
Total liabilities 2,316,741 2,102,207
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,243,639 and 146,132,016 shares issued; 42,248,807 and 40,960,845 public shares outstanding; 62,565,812 and 63,742,151 ESOP shares outstanding 146,312 146,132
Treasury stock, 41,429,020 shares at cost (844,936) (844,936)
Additional paid-in capital 2,721,402 2,717,134
Retained earnings 111,513 43,089
Accumulated other comprehensive loss (14,860) (17,849)
Total Parsons Corporation shareholders' equity 2,119,431 2,043,570
Noncontrolling interests 71,335 52,365
Total shareholders' equity 2,190,766 2,095,935
Total liabilities and shareholders' equity $ 4,507,507 $ 4,198,142