10-Q Filing

PARSONS CORP CIK: 275880 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-057104`
Period End Date	20230930
Filing Date	20231101
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	psn-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 64 Cash Flow Statement 92 Stockholders Equity 43 Comprehensive Income 24

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $100,478 and $53,193 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$262.54M	USD	Point-in-time
Cash and cash equivalents (including $100,478 and $53,193 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$205.41M	USD	Point-in-time
Accounts receivable, net (including $293,023 and $217,419 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$717.35M	USD	Point-in-time
Accounts receivable, net (including $293,023 and $217,419 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$906.74M	USD	Point-in-time
Contract assets (including $12,622 and $11,313 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$634.03M	USD	Point-in-time
Contract assets (including $12,622 and $11,313 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$756.63M	USD	Point-in-time
Prepaid expenses and other current assets (including $12,731 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$105.87M	USD	Point-in-time
Prepaid expenses and other current assets (including $12,731 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$146.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.72B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.02B	USD	Point-in-time
Property and equipment, net (including $3,902 and $2,543 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$99.34M	USD	Point-in-time
Property and equipment, net (including $3,902 and $2,543 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$96.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$262.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$205.41M	USD	Point-in-time
Right of use assets, operating leases (including $7,011 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 $7,011 and $6,315 Right of use assets, operating leases of consolidated joint ventures)	`OperatingLeaseRightOfUseAsset`	$158.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$717.35M	USD	Point-in-time
Goodwill	`Goodwill`	$1.66B	USD	Point-in-time
Goodwill	`Goodwill`	$1.80B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$906.74M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$634.03M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$756.63M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$164.86M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$107.42M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$254.13M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$282.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$105.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$146.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$99.34M	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
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$148.51M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$155.09M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$66.91M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$158.40M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$66.11M	USD	Point-in-time
Total assets	`Assets`	$4.73B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$201.43M	USD	Point-in-time
Total assets	`Assets`	$4.20B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$266.35M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$771.91M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$630.19M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$59.14M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$56.93M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$119.28M	USD	Point-in-time
Accounts payable (including $54,668 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 $54,668 and $49,078 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$266.35M	USD	Point-in-time
Accrued expenses and other current liabilities (including $147,808 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$771.91M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$277.25M	USD	Point-in-time
Accrued expenses and other current liabilities (including $147,808 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$630.19M	USD	Point-in-time
Contract liabilities	`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
Contract liabilities (including $72,168 and $40,654 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$277.25M	USD	Point-in-time
Contract liabilities (including $72,168 and $40,654 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$213.06M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Short-term lease liabilities, operating leases (including $3,507 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityCurrent`	$59.14M	USD	Point-in-time
Short-term lease liabilities, operating leases (including $3,507 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityCurrent`	$56.93M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$4.29M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.13M	shares	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$21.66M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.32M	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`	$1.39B	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	45.14M	shares	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$17.38M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	41.43M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	41.43M	shares	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$19.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$820.37M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$743.61M	USD	Point-in-time
Long-term lease liabilities, operating leases (including $3,504 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityNoncurrent`	$119.28M	USD	Point-in-time
Long-term lease liabilities, operating leases (including $3,504 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityNoncurrent`	$111.42M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$12.47M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$20.45M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$111.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$109.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.10B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.48B	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; 146,317,493 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	`CommonStockValue`	$146.32M	USD	Point-in-time
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	`CommonStockValue`	$146.13M	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`	$2.73B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$158.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$43.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.85M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$2.17B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$75.36M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$52.37M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.20B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.73B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.13B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.95B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.42B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.09B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.12B	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$872.42M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$3.11B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$2.39B	USD	3 Qtrs
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$10.26M	USD	1 Quarter
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$4.50M	USD	3 Qtrs
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-974.00K	USD	1 Quarter
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$10.24M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$632.39M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$581.97M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$196.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$221.19M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$83.34M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$132.33M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$64.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$210.91M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$382.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$618.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$492.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.59M	USD	3 Qtrs
Interest expense	`InterestExpense`	$8.61M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.37M	USD	3 Qtrs
Interest expense	`InterestExpense`	$14.79M	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.32M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-191.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-304.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.67M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-685.00K	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-6.63M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-14.47M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-19.11M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-8.31M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$117.86M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$191.80M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$57.39M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$75.03M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$13.79M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$41.94M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$15.22M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.64M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$90.22M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$149.86M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$59.81M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$43.59M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.02M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.36M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$33.62M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$21.68M	USD	3 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$47.45M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$29.57M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$68.53M	USD	3 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$116.24M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.11	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.66	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.62	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.03	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$90.22M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$149.86M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$59.81M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$43.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$87.20M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$29.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$90.67M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$30.15M	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$1.96M	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$2.12M	USD	3 Qtrs
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$261.00K	USD	3 Qtrs
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$27.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$91.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-8.21M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.33M	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.48M	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.50M	USD	3 Qtrs
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$10.26M	USD	1 Quarter
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$4.50M	USD	3 Qtrs
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-974.00K	USD	1 Quarter
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$10.24M	USD	3 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$30.33M	USD	3 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$25.63M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$14.99M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$23.87M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$44.07M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$41.98M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$168.96M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$90.91M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$62.86M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$120.41M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.77M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$40.47M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$48.29M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-918.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$20.22M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$93.26M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$26.66M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$61.50M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$17.39M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$1.16M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$662.00K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-5.87M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$148.37M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$217.57M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$19.78M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$30.88M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$573.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$274.00K	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$215.50M	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$379.27M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$81.60M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$13.64M	USD	3 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$72.00K	USD	3 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$9.44M	USD	3 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	3 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	$381.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-402.68M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-327.25M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$511.50M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$680.90M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$579.70M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$436.50M	USD	3 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$870.00K	USD	3 Qtrs
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	-	USD	3 Qtrs
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	$11.24M	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$8.30M	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$1.54M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$14.29M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$12.16M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$19.50M	USD	3 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$6.94M	USD	3 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$6.13M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.72M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.94M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.19M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.38M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-2.22M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$166.00K	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-196.34M	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-57.13M	USD	3 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.54M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$205.41M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$147.54M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.54M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$205.41M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$147.54M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Net income	`ProfitLoss`	$90.22M	USD	3 Qtrs
Net income	`ProfitLoss`	$149.86M	USD	3 Qtrs
Net income	`ProfitLoss`	$59.81M	USD	1 Quarter
Net income	`ProfitLoss`	$43.59M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.93M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-9.64M	USD	3 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-7.13M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$1.05M	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$68.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$93.00K	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$11.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.00K	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$5.47M	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$1.34M	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$1.54M	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$8.30M	USD	3 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$9.67M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$14.29M	USD	3 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.95M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$12.16M	USD	3 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-99.00K	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-175.00K	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-4.00M	USD	3 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-2.00M	USD	3 Qtrs
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-8.00M	USD	3 Qtrs
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-19.50M	USD	3 Qtrs
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-3.95M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.99M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.63M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.89M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.87M	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$90.22M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$149.86M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$59.81M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$43.59M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.05M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.13M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.93M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.64M	USD	3 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$68.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$93.00K	USD	3 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$11.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.00K	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$80.48M	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$36.39M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$150.91M	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$57.87M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.36M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$14.01M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$21.67M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$33.62M	USD	3 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$58.81M	USD	3 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$22.38M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$117.29M	USD	3 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$45.51M	USD	1 Quarter

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