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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (including $91,469 and $202,120 Cash of consolidated joint ventures) $ 422,554 $ 453,548
Accounts receivable, net (including $397,196 and $251,676 Accounts receivable of consolidated joint ventures) 1,223,904 1,100,396
Contract assets (including $9,197 and $7,906 Contract assets of consolidated joint ventures) 822,487 741,504
Prepaid expenses and other current assets (including $15,697 and $14,722 Prepaid expenses and other current assets of consolidated joint ventures) 180,100 166,952
Total current assets 2,649,045 2,462,400
Property and Equipment, net (including $2,800 and $2,970 Property and equipment of consolidated joint ventures) 125,867 111,575
Right of use assets, operating leases (including $17,208 and $5,726 Right of use assets, operating leases of consolidated joint ventures) 133,535 153,048
Goodwill 2,163,469 2,082,680
Investments in and advances to unconsolidated joint ventures 156,421 138,759
Intangible assets, net 339,426 349,937
Deferred tax assets 106,921 133,450
Other noncurrent assets 62,033 56,113
Total assets 5,736,717 5,487,962
Current liabilities:    
Accounts payable (including $36,515 and $28,214 Accounts payable of consolidated joint ventures) 271,415 207,589
Accrued expenses and other current liabilities (including $213,246 and $198,797 Accrued expenses and other current liabilities of consolidated joint ventures) 912,138 894,425
Contract liabilities (including $57,327 and $66,144 Contract liabilities of consolidated joint ventures) 343,509 289,799
Short-term lease liabilities, operating leases (including $2,516 and $3,522 Short-term lease liabilities, operating leases of consolidated joint ventures) 49,514 52,725
Income taxes payable 11,375 7,701
Short Term Debt 0 463,405
Total current liabilities 1,587,951 1,915,644
Long-term employee incentives 29,838 31,818
Long-term debt 1,236,700 784,096
Long-term lease liabilities, operating leases (including $1,689 and $2,203 Long-term lease liabilities, operating leases of consolidated joint ventures) 97,673 114,386
Deferred tax liabilities 17,665 11,043
Other long-term liabilities 102,250 96,486
Total liabilities 3,072,077 2,953,473
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,368,908 and 146,656,225 shares issued; 55,535,089 and 52,657,447 public shares outstanding ;50,952,945 and 54,117,904 ESOP shares outstanding 146,369 146,655
Treasury stock, 40,501,385 shares at cost (815,282) (815,282)
Additional paid-in capital 2,645,230 2,684,829
Retained earnings 605,795 426,781
Accumulated other comprehensive loss (24,282) (26,594)
Total Parsons Corporation shareholders' equity 2,557,830 2,416,389
Noncontrolling interests 106,810 118,100
Total shareholders' equity 2,664,640 2,534,489
Total liabilities and shareholders' equity $ 5,736,717 $ 5,487,962