10-K Filing

PARSONS CORP CIK: 275880 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000950170-24-014927`
Period End Date	20231231
Filing Date	20240214
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	psn-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 107 Income Statement 48 Cash Flow Statement 137 Stockholders Equity 35 Comprehensive Income 18

Balance Sheet 107 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $128,761 and $53,193 Cash consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$272.94M	USD	Point-in-time
Cash and cash equivalents (including $128,761 and $53,193 Cash consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$262.54M	USD	Point-in-time
Accounts receivable, net (including $274,846 and $217,419 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$717.35M	USD	Point-in-time
Accounts receivable, net (including $274,846 and $217,419 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$915.64M	USD	Point-in-time
Contract assets (including $11,096 and $11,313 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$757.51M	USD	Point-in-time
Contract assets (including $11,096 and $11,313 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$634.03M	USD	Point-in-time
Prepaid expenses and other current assets (including $11,929 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$191.43M	USD	Point-in-time
Prepaid expenses and other current assets (including $11,929 and $7,913 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$105.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.72B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.14B	USD	Point-in-time
Property and equipment, net (including $3,274 and $2,543 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$104.20M	USD	Point-in-time
Property and equipment, net (including $3,274 and $2,543 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$98.96M	USD	Point-in-time
Property and equipment, net (including $3,274 and $2,543 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$96.05M	USD	Point-in-time
Right of use assets, operating leases (including $9,885 and $6,315 Right of use assets, operating leases of consolidated joint ventures)	`OperatingLeaseRightOfUseAsset`	$159.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$272.94M	USD	Point-in-time
Right of use assets, operating leases (including $9,885 and $6,315 Right of use assets, operating leases of consolidated joint ventures)	`OperatingLeaseRightOfUseAsset`	$155.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$262.54M	USD	Point-in-time
Goodwill	`Goodwill`	$1.41B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$717.35M	USD	Point-in-time
Goodwill	`Goodwill`	$1.66B	USD	Point-in-time
Goodwill	`Goodwill`	$1.79B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$915.64M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$107.42M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$757.51M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$634.03M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$128.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$191.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$105.87M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$275.57M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$254.13M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$140.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$104.20M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$96.05M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$137.71M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$159.21M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$66.11M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$71.77M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$155.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$201.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$242.82M	USD	Point-in-time
Total assets	`Assets`	$4.20B	USD	Point-in-time
Total assets	`Assets`	$4.80B	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$630.19M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$801.42M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Accounts payable (including $49,234 and $49,078 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$201.43M	USD	Point-in-time
Accounts payable (including $49,234 and $49,078 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$242.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Accrued expenses and other current liabilities (including $145,040 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$630.19M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.13M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.34M	shares	Point-in-time
Accrued expenses and other current liabilities (including $145,040 and $102,417 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$801.42M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	45.96M	shares	Point-in-time
Contract liabilities (including $61,234 and $40,654 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$213.06M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	40.96M	shares	Point-in-time
Contract liabilities (including $61,234 and $40,654 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$301.11M	USD	Point-in-time
Short-term lease liabilities, operating leases (including $4,753 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityCurrent`	$58.56M	USD	Point-in-time
Short-term lease liabilities, operating leases (including $4,753 and $2,552 Short-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityCurrent`	$59.14M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	40.50M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	40.50M	shares	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$4.29M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$213.06M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$6.98M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$301.11M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$58.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$59.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.41B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$22.92M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$117.50M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$111.42M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$17.38M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$743.61M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$745.96M	USD	Point-in-time
Long-term lease liabilities, operating leases (including $5,132 and $3,763 Long-term lease liabilities, operating leases of consolidated joint ventures)	`OperatingLeaseLiabilityNoncurrent`	$117.50M	USD	Point-in-time
Long-term lease liabilities, operating leases (including $5,132 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`	$9.78M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$109.22M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$120.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.10B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.43B	USD	Point-in-time
Contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,341,363 and 146,132,016 shares issued; 45,960,122 and 40,960,845 public shares outstanding; 59,879,857 and 63,742,151 ESOP shares outstanding	`CommonStockValue`	$146.34M	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,341,363 and 146,132,016 shares issued; 45,960,122 and 40,960,845 public shares outstanding; 59,879,857 and 63,742,151 ESOP shares outstanding	`CommonStockValue`	$146.13M	USD	Point-in-time
Treasury stock, 40,501,385 shares at cost	`TreasuryStockValue`	$827.31M	USD	Point-in-time
Treasury stock, 40,501,385 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`	$2.78B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$43.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$203.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.91M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.85M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$2.29B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$89.50M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$52.37M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.38B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.20B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.80B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.44B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.66B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.20B	USD	Annual
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$2.81B	USD	Annual
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$3.25B	USD	Annual
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$4.24B	USD	Annual
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-47.75M	USD	Annual
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$36.86M	USD	Annual
Equity in (losses) earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.35M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$757.24M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$869.90M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$777.40M	USD	Annual
Operating income	`OperatingIncomeLoss`	$288.36M	USD	Annual
Operating income	`OperatingIncomeLoss`	$185.67M	USD	Annual
Operating income	`OperatingIncomeLoss`	$132.45M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$396.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$966.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.19M	USD	Annual
Interest expense	`InterestExpense`	$31.50M	USD	Annual
Interest expense	`InterestExpense`	$17.70M	USD	Annual
Interest expense	`InterestExpense`	$23.18M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.56M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$5.00M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.77M	USD	Annual
Total other (expense) income	`OtherIncomeExpense`	$-19.44M	USD	Annual
Total other (expense) income	`OtherIncomeExpense`	$-24.30M	USD	Annual
Total other (expense) income	`OtherIncomeExpense`	$-19.86M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$112.59M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$264.05M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$166.22M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$56.14M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$39.66M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$23.64M	USD	Annual
Net income including noncontrolling interests	`ProfitLoss`	$207.91M	USD	Annual
Net income including noncontrolling interests	`ProfitLoss`	$88.95M	USD	Annual
Net income including noncontrolling interests	`ProfitLoss`	$126.56M	USD	Annual
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$46.77M	USD	Annual
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$29.90M	USD	Annual
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$24.88M	USD	Annual
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$64.07M	USD	Annual
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$96.66M	USD	Annual
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$161.15M	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.93	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$1.53	USD	Annual
Basic earnings per share	`EarningsPerShareBasic`	$0.62	USD	Annual
Diluted earnings per share	`EarningsPerShareDiluted`	$0.87	USD	Annual
Diluted earnings per share	`EarningsPerShareDiluted`	$1.42	USD	Annual
Diluted earnings per share	`EarningsPerShareDiluted`	$0.59	USD	Annual

Cash Flow Statement 137 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$207.91M	USD	Annual
Net income including noncontrolling interests	`ProfitLoss`	$88.95M	USD	Annual
Net income including noncontrolling interests	`ProfitLoss`	$126.56M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$119.97M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$120.50M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$144.21M	USD	Annual
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$2.84M	USD	Annual
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$3.03M	USD	Annual
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$2.82M	USD	Annual
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$164.00K	USD	Annual
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-206.00K	USD	Annual
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-338.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$57.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$32.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$8.00K	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-844.00K	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-8.91M	USD	Annual
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.47M	USD	Annual
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.92M	USD	Annual
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$330.00K	USD	Annual
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.97M	USD	Annual
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-47.75M	USD	Annual
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$36.86M	USD	Annual
Equity in losses (earnings) of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.35M	USD	Annual
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$48.97M	USD	Annual
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$24.49M	USD	Annual
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$28.42M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$20.19M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$23.01M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$34.37M	USD	Annual
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$54.91M	USD	Annual
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$54.66M	USD	Annual
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$58.17M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$176.18M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-99.89M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$117.32M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$32.03M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-1.49M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$119.90M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.41M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$95.42M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$18.80M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.50M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-31.77M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-717.00K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$3.88M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-74.68M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$163.44M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$41.31M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$84.44M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-30.41M	USD	Annual
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-3.65M	USD	Annual
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$2.89M	USD	Annual
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$2.88M	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$12.95M	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-43.53M	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$6.61M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$237.53M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$205.57M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$407.70M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$30.59M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$21.11M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$40.40M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$771.00K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.33M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$546.00K	USD	Annual
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$221.94M	USD	Annual
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$379.47M	USD	Annual
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$198.26M	USD	Annual
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$17.62M	USD	Annual
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$119.58M	USD	Annual
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$38.46M	USD	Annual
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$772.00K	USD	Annual
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$9.44M	USD	Annual
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$5.02M	USD	Annual
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	Annual
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	Annual
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	$381.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-375.97M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-417.47M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-240.91M	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$620.90M	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$969.70M	USD	Annual
Proceeds from delayed draw term loan	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Proceeds from delayed draw term loan	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Proceeds from delayed draw term loan	`ProceedsFromIssuanceOfUnsecuredDebt`	$350.00M	USD	Annual
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$969.70M	USD	Annual
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$50.00M	USD	Annual
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$620.90M	USD	Annual
Repayment of private placement debt	`RepaymentOfPrivatePlacementDebt`	-	USD	Annual
Repayment of private placement debt	`RepaymentOfPrivatePlacementDebt`	$200.00M	USD	Annual
Repayment of private placement debt	`RepaymentOfPrivatePlacementDebt`	-	USD	Annual
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$862.00K	USD	Annual
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	-	USD	Annual
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	-	USD	Annual
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	$11.24M	USD	Annual
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$10.27M	USD	Annual
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$2.87M	USD	Annual
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$1.75M	USD	Annual
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$12.50M	USD	Annual
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$24.13M	USD	Annual
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$37.93M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$21.70M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.00M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$22.00M	USD	Annual
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$7.04M	USD	Annual
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$7.30M	USD	Annual
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$2.24M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.38M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.55M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$6.06M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$100.37M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.87M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-106.50M	USD	Annual
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-1.50M	USD	Annual
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-1.77M	USD	Annual
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$546.00K	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-143.33M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-81.34M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.40M	USD	Annual
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.54M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$272.94M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$262.54M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$272.94M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time
Interest	`InterestPaidNet`	$30.27M	USD	Annual
Interest	`InterestPaidNet`	$14.99M	USD	Annual
Interest	`InterestPaidNet`	$20.82M	USD	Annual
Income taxes (net of refunds)	`IncomeTaxesPaidNet`	$32.17M	USD	Annual
Income taxes (net of refunds)	`IncomeTaxesPaidNet`	$74.13M	USD	Annual
Income taxes (net of refunds)	`IncomeTaxesPaidNet`	$22.46M	USD	Annual

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.38B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Net income	`ProfitLoss`	$207.91M	USD	Annual
Net income	`ProfitLoss`	$88.95M	USD	Annual
Net income	`ProfitLoss`	$126.56M	USD	Annual
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.83M	USD	Annual
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-7.75M	USD	Annual
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.38M	USD	Annual
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-460.00K	USD	Annual
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-568.00K	USD	Annual
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$547.00K	USD	Annual
Contributions of treasury stock to ESOP	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$54.00M	USD	Annual
Contributions of treasury stock to ESOP	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$53.80M	USD	Annual
Contributions of treasury stock to ESOP	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$57.43M	USD	Annual
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$1.75M	USD	Annual
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$10.27M	USD	Annual
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$2.87M	USD	Annual
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$24.13M	USD	Annual
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$37.93M	USD	Annual
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$12.50M	USD	Annual
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$3.36M	USD	Annual
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-1.24M	USD	Annual
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-390.00K	USD	Annual
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$22.00M	USD	Annual
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$21.70M	USD	Annual
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$11.00M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.01M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.19M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$34.37M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.38B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$207.91M	USD	Annual
Net income including noncontrolling interests	`ProfitLoss`	$88.95M	USD	Annual
Net income including noncontrolling interests	`ProfitLoss`	$126.56M	USD	Annual
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.75M	USD	Annual
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.38M	USD	Annual
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.83M	USD	Annual
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-460.00K	USD	Annual
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-568.00K	USD	Annual
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$547.00K	USD	Annual
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$118.27M	USD	Annual
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$210.86M	USD	Annual
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$93.25M	USD	Annual
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.88M	USD	Annual
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$24.88M	USD	Annual
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$46.77M	USD	Annual
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$68.37M	USD	Annual
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$88.38M	USD	Annual
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$164.09M	USD	Annual

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