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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 Other Comprehensive Income (Loss)
Total Parsons Equity
Noncontrolling Interest
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 1,538             1,538
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 2,190,766 146,312 (844,936) 2,721,402 111,513 (14,860) 2,119,431 71,335
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)  
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
Beginning balance at Dec. 31, 2023 2,376,715 146,341 (827,311) 2,779,365 203,724 (14,908) 2,287,211 89,504
Comprehensive income                
Net income 74,196       33,768   33,768 40,428
Foreign currency translation gain (loss), net (1,195)         (1,210) (1,210) 15
Pension adjustments, net (24)         (24) (24)  
Contributions 1,038             1,038
Distributions (29,006)             (29,006)
Capped call transactions (66,121)     (66,121)     (66,121)  
Adjustments to warrant repurchased (104,952)     (104,952)     (104,952)  
Bond hedge termination 149,308     149,308     149,308  
Issuance of equity securities, net of retirements (15,488) 493   (5,823) (10,158)   (15,488)  
Repurchases of common stock (10,000) (131)   (9,869)     (10,000)  
Stock-based compensation 39,960     39,960     39,960  
Ending Balance at Sep. 30, 2024 2,414,431 146,703 (827,311) 2,781,868 227,334 (16,142) 2,312,452 101,979
Beginning balance at Jun. 30, 2024 2,319,644 146,697 (827,311) 2,762,728 155,535 (19,139) 2,218,510 101,134
Comprehensive income                
Net income 85,589       71,951   71,951 13,638
Foreign currency translation gain (loss), net 2,977         2,974 2,974 3
Pension adjustments, net 23         23 23  
Contributions 961             961
Distributions (13,757)             (13,757)
Issuance of equity securities, net of retirements (291) 6   (145) (152)   (291)  
Stock-based compensation 19,285     19,285     19,285  
Ending Balance at Sep. 30, 2024 $ 2,414,431 $ 146,703 $ (827,311) $ 2,781,868 $ 227,334 $ (16,142) $ 2,312,452 $ 101,979