10-Q Filing

PARSONS CORP CIK: 275880 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-031615`
Period End Date	20190630
Filing Date	20190813
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	psn-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 108 Income Statement 64 Cash Flow Statement 95 Stockholders Equity 42 Comprehensive Income 24

Balance Sheet 108 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $73,794 and $40,866 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$280.22M	USD	Point-in-time
Cash and cash equivalents (including $73,794 and $40,866 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$202.85M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$8.53M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$974.00K	USD	Point-in-time
Accounts receivable, net (including $180,325 and $211,091 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$623.29M	USD	Point-in-time
Accounts receivable, net (including $180,325 and $211,091 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$734.39M	USD	Point-in-time
Contract assets (including $21,270 and $25,779 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$576.28M	USD	Point-in-time
Contract assets (including $21,270 and $25,779 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$515.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$280.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$202.85M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$623.29M	USD	Point-in-time
Prepaid expenses and other current assets (including $11,837 and $13,165 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$73.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$734.39M	USD	Point-in-time
Prepaid expenses and other current assets (including $11,837 and $13,165 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$69.01M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$576.28M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$515.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.49B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.60B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$73.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$69.01M	USD	Point-in-time
Property and equipment, net (including $2,561 and $2,998 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$100.93M	USD	Point-in-time
Property and equipment, net (including $2,561 and $2,998 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$91.85M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$212.39M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$100.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.85M	USD	Point-in-time
Goodwill	`Goodwill`	$736.94M	USD	Point-in-time
Goodwill	`Goodwill`	$922.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$226.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$227.67M	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`	$559.70M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$73.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$602.42M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$208.58M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$229.64M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$179.52M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$222.17M	USD	Point-in-time
Temporary equity, par value	`TemporaryEquityParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Temporary equity, par value	`TemporaryEquityParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$5.68M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$70.15M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$46.23M	USD	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	78.17M	shares	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	78.14M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$50.49M	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
Total assets	`Assets`	$3.26B	USD	Point-in-time
Total assets	`Assets`	$2.61B	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	125.10M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	146.39M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	21.30M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable (including $87,914 and $103,938 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$226.34M	USD	Point-in-time
Accounts payable (including $87,914 and $103,938 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$227.67M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	46.96M	shares	Point-in-time
Accrued expenses and other current liabilities (including $73,209 and $65,210 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$559.70M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	46.92M	shares	Point-in-time
Accrued expenses and other current liabilities (including $73,209 and $65,210 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$602.42M	USD	Point-in-time
Contract liabilities (including $38,706 and $48,507 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$208.58M	USD	Point-in-time
Contract liabilities (including $38,706 and $48,507 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$222.17M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$51.70M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$5.82M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$11.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$54.83M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$41.91M	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`	$46.00M	USD	Point-in-time
Deferred gain resulting from sale-leaseback transactions	`SaleLeasebackTransactionDeferredGainNet`	-	USD	Point-in-time
Long-term debt	`LongTermDebt`	$249.26M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$429.16M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$178.59M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$6.19M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$6.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$127.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$118.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.66B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72B	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; 78,172,809 and 78,138,602 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; 78,172,809 and 78,138,602 shares outstanding, recorded at redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$2.88B	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 125,097,684 and 146,393,959 shares issued; 0 and 21,296,275 shares outstanding	`CommonStockValue`	$21.30M	USD	Point-in-time
Treasury stock, 46,918,140 and 46,959,082 shares at cost	`TreasuryStockValue`	$957.02M	USD	Point-in-time
Treasury stock, 46,918,140 and 46,959,082 shares at cost	`TreasuryStockValue`	$957.84M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-424.89M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$12.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.14M	USD	Point-in-time
Total Parsons Corporation shareholders' equity (deficit)	`StockholdersEquity`	$-1.38B	USD	Point-in-time
Total Parsons Corporation shareholders' equity (deficit)	`StockholdersEquity`	$-967.54M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$37.35M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$46.46M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.02B	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-869.94M	USD	Point-in-time
Total liabilities, redeemable common stock and shareholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.61B	USD	Point-in-time
Total liabilities, redeemable common stock and shareholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$3.26B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.89B	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$900.73M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$989.74M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.66B	USD	2 Qtrs
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$1.50B	USD	2 Qtrs
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$1.27B	USD	2 Qtrs
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$668.21M	USD	1 Quarter
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$784.72M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$22.03M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$1.84M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.63M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$12.87M	USD	2 Qtrs
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$147.45M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$402.88M	USD	2 Qtrs
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$225.36M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$271.30M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$86.91M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$125.80M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$14.34M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-8.71M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.27M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.01M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$702.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$225.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.54M	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.67M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.54M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-341.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.51M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.55M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.49M	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossOnLongTermContract`	$74.58M	USD	2 Qtrs
Gain associated with claim on long-term contract	`GainLossOnLongTermContract`	-	USD	2 Qtrs
Gain associated with claim on long-term contract	`GainLossOnLongTermContract`	-	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossOnLongTermContract`	$76.91M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-12.42M	USD	2 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$72.14M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$67.71M	USD	2 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-4.64M	USD	1 Quarter
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$159.06M	USD	1 Quarter
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.92M	USD	2 Qtrs
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$193.51M	USD	2 Qtrs
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.35M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-51.61M	USD	2 Qtrs
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-53.50M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$9.02M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$14.37M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$40.15M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$179.14M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$150.04M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$53.53M	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.53M	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.47M	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.66M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-114.00K	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$173.67M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$50.00M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$40.26M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$148.38M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.44	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.13	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.59	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.83	USD	1 Quarter

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$40.15M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$179.14M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$150.04M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$53.53M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$31.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.06M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$61.66M	USD	2 Qtrs
Amortization of deferred gain	`AmortizationOfDeferredGains`	$3.64M	USD	2 Qtrs
Amortization of deferred gain	`AmortizationOfDeferredGains`	-	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$300.00K	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$629.00K	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$100.00K	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossRelatedToLitigationSettlement`	$129.67M	USD	2 Qtrs
Gain associated with claim on long-term contract	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossRelatedToLitigationSettlement`	$132.00M	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossRelatedToLitigationSettlement`	-	USD	2 Qtrs
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$24.00K	USD	2 Qtrs
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-53.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$6.46M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-866.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-64.92M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$584.00K	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$352.00K	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.63M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$22.03M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$1.84M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.63M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$12.87M	USD	2 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$15.02M	USD	2 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$12.73M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$22.71M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$24.53M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$97.45M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-418.17M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$502.10M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$50.84M	USD	2 Qtrs
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$4.97M	USD	2 Qtrs
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$26.46M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.47M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.52M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-12.59M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$17.76M	USD	2 Qtrs
Billings in excess of costs	`IncreaseDecreaseInBillingsInExcessOfCosts`	$151.64M	USD	2 Qtrs
Billings in excess of costs	`IncreaseDecreaseInBillingsInExcessOfCosts`	-	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$164.73M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$11.46M	USD	2 Qtrs
Provision for contract losses	`IncreaseDecreaseInProvisionForContractLosses`	-	USD	2 Qtrs
Provision for contract losses	`IncreaseDecreaseInProvisionForContractLosses`	$13.99M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-7.22M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$2.98M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$20.10M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$9.51M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.49M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.44M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$25.95M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$10.56M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$112.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.87M	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$481.16M	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$287.48M	USD	2 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$5.05M	USD	2 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$4.21M	USD	2 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	2 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$4.40M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-495.83M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-312.21M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$350.00M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$260.00M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$530.00M	USD	2 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$286.00K	USD	2 Qtrs
Contributions by (distributions to) noncontrolling interests, net	`ProceedsFromPaymentsToMinorityShareholders`	$10.89M	USD	2 Qtrs
Contributions by (distributions to) noncontrolling interests, net	`ProceedsFromPaymentsToMinorityShareholders`	$-12.64M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	$33.00M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	$819.00K	USD	2 Qtrs
IPO proceeds, net	`ProceedsFromIssuanceInitialPublicOffering`	$537.33M	USD	2 Qtrs
IPO proceeds, net	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	-	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$52.09M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$291.49M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$237.90M	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-624.00K	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-602.00K	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-267.00M	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-69.81M	USD	2 Qtrs
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`	$211.38M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.15M	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$281.19M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$211.38M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.15M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$446.14M	USD	Point-in-time

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.02B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-869.94M	USD	Point-in-time
Beginning balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time
Beginning balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$2.88B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$40.15M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$179.14M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$150.04M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$53.53M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.38M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.60M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.79M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.24M	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-26.00K	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$37.00K	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$18.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	2 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	2 Qtrs
Distributions, net of contributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.64M	USD	1 Quarter
Distributions, net of contributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$-12.64M	USD	2 Qtrs
Contributions, net of distributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$10.89M	USD	2 Qtrs
Contributions, net of distributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$4.39M	USD	1 Quarter
Dividend paid	`Dividends`	$52.09M	USD	1 Quarter
Dividend paid	`Dividends`	$52.09M	USD	2 Qtrs
Conversion of S-Corp to C-Corp	`StockIssuedDuringPeriodValueConversionOfUnits`	$-25.88M	USD	1 Quarter
Conversion of S-Corp to C-Corp	`StockIssuedDuringPeriodValueConversionOfUnits`	$-25.88M	USD	2 Qtrs
Accretion of redeemable common stock	`AccretionOfRedeemableCommonStock`	$-978.99M	USD	1 Quarter
Accretion of redeemable common stock	`AccretionOfRedeemableCommonStock`	$-978.82M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.05B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.02B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-869.94M	USD	Point-in-time
Ending Balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time
Ending Balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$2.88B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$40.15M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$179.14M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$150.04M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$53.53M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.79M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.24M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.38M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.60M	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-26.00K	USD	2 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$37.00K	USD	2 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$18.00K	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$147.42M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$58.34M	USD	2 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$42.40M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$173.72M	USD	2 Qtrs
Comprehensive (income) loss attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.53M	USD	2 Qtrs
Comprehensive (income) loss attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$5.47M	USD	2 Qtrs
Comprehensive (income) loss attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-114.00K	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.66M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$42.52M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$54.81M	USD	2 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$145.76M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$168.25M	USD	2 Qtrs

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