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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (including $100,478 and $53,193 Cash of consolidated joint ventures) $ 205,406 $ 262,539
Accounts receivable, net (including $293,023 and $217,419 Accounts receivable of consolidated joint ventures, net) 906,741 717,345
Contract assets (including $12,622 and $11,313 Contract assets of consolidated joint ventures) 756,630 634,033
Prepaid expenses and other current assets (including $12,731 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures) 146,764 105,866
Total current assets 2,015,541 1,719,783
Property and equipment, net (including $3,902 and $2,543 Property and equipment of consolidated joint ventures, net) 99,344 96,050
Right of use assets, operating leases (including $7,011 and $6,315 Right of use assets, operating leases of consolidated joint ventures) 158,400 155,090
Goodwill 1,797,330 1,661,850
Investments in and advances to unconsolidated joint ventures 164,858 107,425
Intangible assets, net 282,098 254,127
Deferred tax assets 148,512 137,709
Other noncurrent assets 66,905 66,108
Total assets 4,732,988 4,198,142
Current liabilities:    
Accounts payable (including $54,668 and $49,078 Accounts payable of consolidated joint ventures) 266,345 201,428
Accrued expenses and other current liabilities (including $147,808 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures) 771,912 630,193
Contract liabilities (including $72,168 and $40,654 Contract liabilities of consolidated joint ventures) 277,249 213,064
Short-term lease liabilities, operating leases (including $3,507 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures) 56,930 59,144
Income taxes payable 21,657 4,290
Total current liabilities 1,394,093 1,108,119
Long-term employee incentives 19,199 17,375
Long-term debt 820,366 743,605
Long-term lease liabilities, operating leases (including $3,504 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures) 119,281 111,417
Deferred tax liabilities 20,448 12,471
Other long-term liabilities 111,501 109,220
Total liabilities 2,484,888 2,102,207
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,317,493 and 146,132,016 shares issued; 45,136,147 and 40,960,845 public shares outstanding; 59,752,326 and 63,742,151 ESOP shares outstanding 146,318 146,132
Treasury stock, 41,429,020 shares at cost (844,936) (844,936)
Additional paid-in capital 2,729,206 2,717,134
Retained earnings 158,945 43,089
Accumulated other comprehensive loss (16,797) (17,849)
Total Parsons Corporation shareholders' equity 2,172,736 2,043,570
Noncontrolling interests 75,364 52,365
Total shareholders' equity 2,248,100 2,095,935
Total liabilities and shareholders' equity $ 4,732,988 $ 4,198,142