10-Q Filing

PARSONS CORP CIK: 275880 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-037332`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	psn-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 64 Cash Flow Statement 90 Stockholders Equity 43 Comprehensive Income 24

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $83,101 and $53,193 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$262.54M	USD	Point-in-time
Cash and cash equivalents (including $83,101 and $53,193 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$178.59M	USD	Point-in-time
Accounts receivable, net (including $266,312 and $217,419 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$949.49M	USD	Point-in-time
Accounts receivable, net (including $266,312 and $217,419 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$717.35M	USD	Point-in-time
Contract assets (including $9,983 and $11,313 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$634.03M	USD	Point-in-time
Contract assets (including $9,983 and $11,313 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$712.41M	USD	Point-in-time
Prepaid expenses and other current assets (including $15,546 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$139.71M	USD	Point-in-time
Prepaid expenses and other current assets (including $15,546 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$105.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.98B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.72B	USD	Point-in-time
Property and equipment, net (including $3,345 and $2,543 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$96.05M	USD	Point-in-time
Property and equipment, net (including $3,345 and $2,543 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$95.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$262.54M	USD	Point-in-time
Right of use assets, operating leases (including $6,596 and $6,315 Right of use assets, operating leases of consolidated joint ventures)	`OperatingLeaseRightOfUseAsset`	$155.09M	USD	Point-in-time
Right of use assets, operating leases (including $6,596 and $6,315 Right of use assets, operating leases of consolidated joint ventures)	`OperatingLeaseRightOfUseAsset`	$166.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$178.59M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$949.49M	USD	Point-in-time
Goodwill	`Goodwill`	$1.69B	USD	Point-in-time
Goodwill	`Goodwill`	$1.66B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$717.35M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$634.03M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$118.86M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$712.41M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$107.42M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$139.71M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$254.13M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$240.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$105.87M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$137.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$96.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.27M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$144.78M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$155.09M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$166.80M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$66.11M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$68.57M	USD	Point-in-time
Total assets	`Assets`	$4.20B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$201.43M	USD	Point-in-time
Total assets	`Assets`	$4.51B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$237.23M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$630.19M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$693.66M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$59.14M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$57.09M	USD	Point-in-time
Accounts payable (including $49,508 and $49,078 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$201.43M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$111.42M	USD	Point-in-time
Accounts payable (including $49,508 and $49,078 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$237.23M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$128.63M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$292.40M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$213.06M	USD	Point-in-time
Accrued expenses and other current liabilities (including $144,256 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$630.19M	USD	Point-in-time
Accrued expenses and other current liabilities (including $144,256 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$693.66M	USD	Point-in-time
Contract liabilities (including $45,552 and $40,654 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$292.40M	USD	Point-in-time
Contract liabilities (including $45,552 and $40,654 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$213.06M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Short-term lease liabilities, operating leases (including $3,197 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityCurrent`	$59.14M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Short-term lease liabilities, operating leases (including $3,197 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityCurrent`	$57.09M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.13M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.31M	shares	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$14.52M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$4.29M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	43.67M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	40.96M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.29B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	41.43M	shares	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$18.14M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$17.38M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	41.43M	shares	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$743.61M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$744.78M	USD	Point-in-time
Long-term lease liabilities, operating leases (including $3,399 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityNoncurrent`	$111.42M	USD	Point-in-time
Long-term lease liabilities, operating leases (including $3,399 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityNoncurrent`	$128.63M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$20.02M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$12.47M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$110.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$109.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.32B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.10B	USD	Point-in-time
Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
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	`CommonStockValue`	$146.13M	USD	Point-in-time
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	`CommonStockValue`	$146.31M	USD	Point-in-time
Treasury stock, 41,429,020 shares at cost	`TreasuryStockValue`	$844.94M	USD	Point-in-time
Treasury stock, 41,429,020 shares at cost	`TreasuryStockValue`	$844.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.72B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$43.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$111.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.86M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$2.12B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$52.37M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$71.33M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.20B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.51B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.96B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.01B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.53B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.36B	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.99B	USD	2 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$781.77M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.07B	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.52B	USD	2 Qtrs
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-5.76M	USD	2 Qtrs
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$75.00K	USD	1 Quarter
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.21M	USD	2 Qtrs
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$5.61M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$411.20M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$211.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$199.93M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$385.01M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$76.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$32.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$68.32M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$127.57M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$171.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$306.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.10M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$236.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.46M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.53M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.76M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$236.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$543.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.86M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$381.00K	USD	2 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-10.80M	USD	2 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-7.85M	USD	2 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-6.45M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-4.12M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.51M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.47M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$69.99M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$116.77M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$15.22M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$13.85M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$26.73M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.73M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$46.62M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$54.77M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$90.05M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$22.78M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.66M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.53M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.49M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$21.25M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$68.79M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$18.30M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$38.96M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$43.24M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.66	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.38	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.61	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.35	USD	2 Qtrs

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$46.62M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$54.77M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$90.05M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$22.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$57.05M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$61.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$30.58M	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$1.30M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$1.41M	USD	2 Qtrs
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-43.00K	USD	2 Qtrs
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$96.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$91.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.15M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.22M	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-230.00K	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.46M	USD	2 Qtrs
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-5.76M	USD	2 Qtrs
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$75.00K	USD	1 Quarter
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.21M	USD	2 Qtrs
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$5.61M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$9.31M	USD	2 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$19.43M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$15.98M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.36M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$29.17M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$26.54M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$227.76M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$109.68M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$17.87M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$78.25M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$40.90M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.52M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.08M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.04M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-7.31M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$33.34M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$76.52M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$13.36M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$3.11M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$10.31M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$3.98M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.81M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.99M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.34M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$17.96M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$13.59M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$65.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$251.00K	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$379.27M	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$42.27M	USD	2 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$11.23M	USD	2 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$24.51M	USD	2 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$72.00K	USD	2 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	2 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	2 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	$381.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-84.22M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-403.84M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$187.40M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$347.10M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$147.10M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$187.40M	USD	2 Qtrs
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	$11.24M	USD	2 Qtrs
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	-	USD	2 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$200.00K	USD	2 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$2.83M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$2.49M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$10.34M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.55M	USD	2 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$5.96M	USD	2 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$6.84M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.72M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.94M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.19M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$162.45M	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$467.00K	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-963.00K	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-217.01M	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-83.95M	USD	2 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.59M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.54M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$126.87M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$178.59M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.54M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$126.87M	USD	Point-in-time

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Net income	`ProfitLoss`	$46.62M	USD	2 Qtrs
Net income	`ProfitLoss`	$54.77M	USD	1 Quarter
Net income	`ProfitLoss`	$90.05M	USD	2 Qtrs
Net income	`ProfitLoss`	$22.78M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.98M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.51M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.38M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.15M	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$47.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-16.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$25.00K	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	2 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$200.00K	USD	2 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$1.60M	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$2.83M	USD	2 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.85M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.34M	USD	2 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.04M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.49M	USD	2 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$2.16M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-3.90M	USD	2 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$2.67M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-1.83M	USD	2 Qtrs
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-2.00M	USD	1 Quarter
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-8.00M	USD	2 Qtrs
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-15.55M	USD	2 Qtrs
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-10.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.98M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.46M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.99M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.36M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$46.62M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$54.77M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$90.05M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$22.78M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.38M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.15M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.51M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.98M	USD	2 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$47.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-16.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$25.00K	USD	2 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	2 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$17.35M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$57.94M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$93.04M	USD	2 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$44.09M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$21.26M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.48M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.66M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.53M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$46.41M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$71.78M	USD	2 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$12.87M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$36.43M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.