10-Q Filing

PARSONS CORP CIK: 275880 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-022714`
Period End Date	20190331
Filing Date	20190618
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	psn-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 105 Income Statement 32 Cash Flow Statement 80 Stockholders Equity 23 Comprehensive Income 12

Balance Sheet 105 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $73,794 and $42,872 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$280.22M	USD	Point-in-time
Cash and cash equivalents (including $73,794 and $42,872 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$121.41M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$9.06M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$974.00K	USD	Point-in-time
Accounts receivable, net (including $180,325 and $193,597 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$623.29M	USD	Point-in-time
Accounts receivable, net (including $180,325 and $193,597 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$651.92M	USD	Point-in-time
Contract assets (including $21,270 and $23,964 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$571.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$280.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.41M	USD	Point-in-time
Contract assets (including $21,270 and $23,964 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$515.32M	USD	Point-in-time
Prepaid expenses and other current assets (including $11,837 and $9,423 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$77.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$623.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$651.92M	USD	Point-in-time
Prepaid expenses and other current assets (including $11,837 and $9,423 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$69.01M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$571.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$515.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.49B	USD	Point-in-time
Property and equipment, net (including $2,561 and $2,507 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$91.85M	USD	Point-in-time
Property and equipment, net (including $2,561 and $2,507 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$97.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$77.01M	USD	Point-in-time
Property and equipment, net (including $2,561 and $2,507 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$91.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$69.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.85M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$216.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$226.34M	USD	Point-in-time
Goodwill	`Goodwill`	$921.10M	USD	Point-in-time
Goodwill	`Goodwill`	$736.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$203.68M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$559.70M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$63.56M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$547.95M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$67.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$179.52M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$225.02M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$250.95M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$208.58M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$5.68M	USD	Point-in-time
Temporary equity, par value	`TemporaryEquityParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$4.89M	USD	Point-in-time
Temporary equity, par value	`TemporaryEquityParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	150.00M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$43.92M	USD	Point-in-time
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	150.00M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$46.23M	USD	Point-in-time
Total assets	`Assets`	$3.03B	USD	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	125.10M	shares	Point-in-time
Total assets	`Assets`	$2.61B	USD	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	125.10M	shares	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	78.14M	shares	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	78.17M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	46.96M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	46.92M	shares	Point-in-time
Accounts payable (including $87,914 and $91,505 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$226.34M	USD	Point-in-time
Accounts payable (including $87,914 and $91,505 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$203.68M	USD	Point-in-time
Accrued expenses and other current liabilities (including $73,209 and $71,593 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$559.70M	USD	Point-in-time
Accrued expenses and other current liabilities (including $73,209 and $71,593 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$547.95M	USD	Point-in-time
Contract liabilities (including $38,706 and $46,754 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$225.02M	USD	Point-in-time
Contract liabilities (including $38,706 and $46,754 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$208.58M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$53.03M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$9.41M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$11.54M	USD	Point-in-time
Short-term notes payable	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Short-term notes payable	`ShortTermBankLoansAndNotesPayable`	$149.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.19B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$41.91M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$29.99M	USD	Point-in-time
Deferred gain resulting from sale-leaseback transactions	`SaleLeasebackTransactionDeferredGainNet`	$107.80M	USD	Point-in-time
Deferred gain resulting from sale-leaseback transactions	`SaleLeasebackTransactionDeferredGainNet`	-	USD	Point-in-time
Deferred gain resulting from sale-leaseback transactions	`SaleLeasebackTransactionDeferredGainNet`	$46.00M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$429.16M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$509.21M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$181.27M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$6.24M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$7.92M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$127.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$111.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.03B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.66B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable common stock held by Employee Stock Ownership Plan (ESOP) ,$1 par value; authorized 150,000,000 shares; 125,097,684 shares issued; 78,172,809 and 78,138,831 shares outstanding, recorded at redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time
Redeemable common stock held by Employee Stock Ownership Plan (ESOP) ,$1 par value; authorized 150,000,000 shares; 125,097,684 shares issued; 78,172,809 and 78,138,831 shares outstanding, recorded at redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time
Treasury Stock, 46,918,140 and 46,958,853 shares at cost	`TreasuryStockValue`	$957.84M	USD	Point-in-time
Treasury Stock, 46,918,140 and 46,958,853 shares at cost	`TreasuryStockValue`	$957.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$75.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.96M	USD	Point-in-time
Total Parsons Corporation shareholder's equity (deficit)	`StockholdersEquity`	$-967.54M	USD	Point-in-time
Total Parsons Corporation shareholder's equity (deficit)	`StockholdersEquity`	$-902.47M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$46.46M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$31.83M	USD	Point-in-time
Total shareholder's equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Total shareholder's equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Total shareholder's equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.02B	USD	Point-in-time
Total shareholder's equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Total liabilities, redeemable common stock and shareholder's equity (deficit)	`LiabilitiesAndStockholdersEquity`	$3.03B	USD	Point-in-time
Total liabilities, redeemable common stock and shareholder's equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.61B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$904.40M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$754.68M	USD	1 Quarter
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$714.24M	USD	1 Quarter
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$602.97M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$10.40M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.03M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$123.85M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$177.52M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$38.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.05M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$741.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$477.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.29M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.15M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$41.00K	USD	1 Quarter
(Interest and other expense) gain associated with claim on long-term contract	`GainLossOnLongTermContract`	-	USD	1 Quarter
(Interest and other expense) gain associated with claim on long-term contract	`GainLossOnLongTermContract`	$-2.33M	USD	1 Quarter
Total other expense	`OtherIncomeExpense`	$-7.77M	USD	1 Quarter
Total other expense	`OtherIncomeExpense`	$-4.44M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.27M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.45M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.35M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.89M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$13.39M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$29.10M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.65M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.81M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$9.74M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$25.29M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.31	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$13.39M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$29.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.59M	USD	1 Quarter
Amortization of deferred gain	`AmortizationOfDeferredGains`	$1.81M	USD	1 Quarter
Amortization of deferred gain	`AmortizationOfDeferredGains`	-	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$244.00K	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$149.00K	USD	1 Quarter
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-18.00K	USD	1 Quarter
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$27.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-279.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.43M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-138.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.49M	USD	1 Quarter
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-618.00K	USD	1 Quarter
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$457.00K	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$10.40M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.03M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$15.41M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$10.79M	USD	1 Quarter
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$12.25M	USD	1 Quarter
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$11.36M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.14M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-469.72M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$531.16M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$46.98M	USD	1 Quarter
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$27.14M	USD	1 Quarter
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$1.42M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-28.18M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-723.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-44.02M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-24.02M	USD	1 Quarter
Billings in excess of costs	`IncreaseDecreaseInBillingsInExcessOfCosts`	$152.15M	USD	1 Quarter
Billings in excess of costs	`IncreaseDecreaseInBillingsInExcessOfCosts`	-	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$299.64M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$14.88M	USD	1 Quarter
Provision for contract losses	`IncreaseDecreaseInProvisionForContractLosses`	$143.67M	USD	1 Quarter
Provision for contract losses	`IncreaseDecreaseInProvisionForContractLosses`	-	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-597.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-3.65M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$10.62M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-12.27M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.11M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.43M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$11.04M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.15M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$29.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$135.00K	USD	1 Quarter
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$287.48M	USD	1 Quarter
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$3.06M	USD	1 Quarter
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$4.91M	USD	1 Quarter
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	1 Quarter
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.23M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.06M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.18M	USD	1 Quarter
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	$290.00M	USD	1 Quarter
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	$60.00M	USD	1 Quarter
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$286.00K	USD	1 Quarter
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Contributions by (distributions to) noncontrolling interests, net	`ProceedsFromPaymentsToMinorityShareholders`	$6.50M	USD	1 Quarter
Contributions by (distributions to) noncontrolling interests, net	`ProceedsFromPaymentsToMinorityShareholders`	$-18.28M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	$366.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	$813.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.13M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$210.62M	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-825.00K	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-182.00K	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-150.73M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-68.31M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$281.19M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$377.84M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$446.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.47M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$281.19M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$377.84M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$446.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.47M	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.02B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Beginning balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time
Beginning balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time
Net income including noncontrolling interests	`ProfitLoss`	$13.39M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$29.10M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.55M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.78M	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$19.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-9.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	1 Quarter
Distributions, net of contributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$-18.28M	USD	1 Quarter
Contributions, net of distributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$6.50M	USD	1 Quarter
ESOP shares at redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$-164.00K	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.02B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Ending Balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time
Ending Balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$13.39M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$29.10M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.55M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.78M	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$19.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-9.00K	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$26.30M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$15.94M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.81M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.65M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$22.48M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$12.30M	USD	1 Quarter

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