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Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Total Parsons Equity
Noncontrolling Interest
Beginning balance at Dec. 31, 2021 $ 1,937,112 $ 146,277 $ (867,391) $ 2,684,979 $ (53,529) $ (9,568) $ 1,900,768 $ 36,344
Comprehensive income                
Net income 90,218       68,533   68,533 21,685
Foreign currency translation gain (loss), net (9,643)         (9,631) (9,631) (12)
Pension adjustments, net (93)         (93) (93)  
Contributions 8,299             8,299
Distributions (14,290)             (14,290)
Issuance of equity securities, net of retirements (2,002) 333   (2,339) 4   (2,002)  
Repurchases of common stock (19,500) (522)   (18,978)     (19,500)  
Stock-based compensation 14,991     14,991     14,991  
Ending Balance at Sep. 30, 2022 2,005,092 146,088 (867,391) 2,678,653 15,008 (19,292) 1,953,066 52,026
Beginning balance at Jun. 30, 2022 1,964,667 146,174 (867,391) 2,676,063 (14,565) (12,100) 1,928,181 36,486
Comprehensive income                
Net income 43,595       29,571   29,571 14,024
Foreign currency translation gain (loss), net (7,134)         (7,124) (7,124) (10)
Pension adjustments, net (68)         (68) (68)  
Contributions 5,472             5,472
Distributions (3,946)             (3,946)
Issuance of equity securities, net of retirements (175) 9   (186) 2   (175)  
Repurchases of common stock (3,952) (95)   (3,857)     (3,952)  
Stock-based compensation 6,633     6,633     6,633  
Ending Balance at Sep. 30, 2022 2,005,092 146,088 (867,391) 2,678,653 15,008 (19,292) 1,953,066 52,026
Beginning balance at Dec. 31, 2022 2,095,935 146,132 (844,936) 2,717,134 43,089 (17,849) 2,043,570 52,365
Comprehensive income                
Net income 149,858       116,241   116,241 33,617
Foreign currency translation gain (loss), net 1,046         1,046 1,046  
Pension adjustments, net 6         6 6  
Contributions 1,537             1,537
Distributions (12,156)             (12,156)
Issuance of equity securities, net of retirements (3,999) 371   (3,985) (385)   (3,999)  
Repurchases of common stock (8,000) (185)   (7,815)     (8,000)  
Stock-based compensation 23,872     23,872     23,872  
Ending Balance at Sep. 30, 2023 2,248,100 146,318 (844,936) 2,729,206 158,945 (16,797) 2,172,736 75,364
Beginning balance at Jun. 30, 2023 2,190,765 146,312 (844,936) 2,721,402 111,513 (14,860) 2,119,431 71,334
Comprehensive income                
Net income 59,811       47,447   47,447 12,364
Foreign currency translation gain (loss), net (1,929)         (1,926) (1,926) (3)
Pension adjustments, net (11)         (11) (11)  
Contributions 1,337             1,337
Distributions (9,669)             (9,669)
Issuance of equity securities, net of retirements (99) 6   (90) (15)   (99)  
Stock-based compensation 7,894     7,894     7,894  
Ending Balance at Sep. 30, 2023 $ 2,248,100 $ 146,318 $ (844,936) $ 2,729,206 $ 158,945 $ (16,797) $ 2,172,736 $ 75,364