10-Q Filing

PARSONS CORP CIK: 275880 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-042547`
Period End Date	20190930
Filing Date	20191112
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	psn-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 109 Income Statement 64 Cash Flow Statement 99 Stockholders Equity 45 Comprehensive Income 24

Balance Sheet 109 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $73,794 and $55,054 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$133.87M	USD	Point-in-time
Cash and cash equivalents (including $73,794 and $55,054 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$280.22M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$974.00K	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$12.59M	USD	Point-in-time
Accounts receivable, net (including $180,325 and $164,460 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$673.67M	USD	Point-in-time
Accounts receivable, net (including $180,325 and $164,460 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$623.29M	USD	Point-in-time
Contract assets (including $21,270 and $26,542 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$583.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.87M	USD	Point-in-time
Contract assets (including $21,270 and $26,542 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$515.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$280.22M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$673.67M	USD	Point-in-time
Prepaid expenses and other current assets (including $11,837 and $8,149 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$70.45M	USD	Point-in-time
Prepaid expenses and other current assets (including $11,837 and $8,149 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$69.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$623.29M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$583.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.49B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.47B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$515.32M	USD	Point-in-time
Property and equipment, net (including $2,561 and $3,171 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$91.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$70.45M	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 $3,171 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$109.24M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$219.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$109.24M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$226.56M	USD	Point-in-time
Goodwill	`Goodwill`	$736.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$226.34M	USD	Point-in-time
Goodwill	`Goodwill`	$1.05B	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
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$66.58M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$639.65M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$231.03M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$281.16M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$179.52M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$208.58M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$111.61M	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
Temporary equity, par value	`TemporaryEquityParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$46.23M	USD	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
Other noncurrent assets	`OtherAssetsNoncurrent`	$50.51M	USD	Point-in-time
Total assets	`Assets`	$2.61B	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`	$3.36B	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`	146.39M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	125.10M	shares	Point-in-time
Accounts payable (including $87,914 and $90,692 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$226.56M	USD	Point-in-time
Accounts payable (including $87,914 and $90,692 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$226.34M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	21.30M	shares	Point-in-time
Accrued expenses and other current liabilities (including $73,209 and $63,880 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 $63,880 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$639.65M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	46.96M	shares	Point-in-time
Contract liabilities (including $38,706 and $43,324 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$231.03M	USD	Point-in-time
Contract liabilities (including $38,706 and $43,324 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$208.58M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$49.07M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$9.94M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$11.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$45.75M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$41.91M	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
Deferred gain resulting from sale-leaseback transactions	`SaleLeasebackTransactionDeferredGainNet`	$107.80M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$249.31M	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`	$188.57M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$7.34M	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`	$120.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.77B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.66B	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`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`	$2.58B	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
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`	$957.84M	USD	Point-in-time
Treasury stock, 46,918,140 and 46,959,082 shares at cost	`TreasuryStockValue`	$957.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.77M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$12.45M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-64.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.98M	USD	Point-in-time
Total Parsons Corporation shareholders' equity (deficit)	`StockholdersEquity`	$-1.01B	USD	Point-in-time
Total Parsons Corporation shareholders' equity (deficit)	`StockholdersEquity`	$-967.54M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$28.09M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$46.46M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-982.56M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-869.94M	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`	$-825.54M	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`	$3.36B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$976.16M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.63B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.02B	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.92B	USD	3 Qtrs
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$2.30B	USD	3 Qtrs
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$2.05B	USD	3 Qtrs
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$798.55M	USD	1 Quarter
Direct costs of contracts	`CostOfGoodsAndServicesSold`	$783.02M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$7.27M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$29.30M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$25.58M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$12.71M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$178.55M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$581.43M	USD	3 Qtrs
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$422.03M	USD	3 Qtrs
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$150.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$53.45M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$67.79M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$55.11M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$180.92M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.36M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$351.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$427.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.13M	USD	3 Qtrs
Interest expense	`InterestExpense`	$19.58M	USD	3 Qtrs
Interest expense	`InterestExpense`	$14.47M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.94M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.58M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$696.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$355.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.13M	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossOnLongTermContract`	$74.58M	USD	3 Qtrs
Gain associated with claim on long-term contract	`GainLossOnLongTermContract`	-	USD	3 Qtrs
Gain associated with claim on long-term contract	`GainLossOnLongTermContract`	-	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossOnLongTermContract`	-	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$62.82M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-7.61M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-20.03M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-4.89M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.76M	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$243.73M	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.22M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.84M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-15.45M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$18.53M	USD	3 Qtrs
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$4.15M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-67.06M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$61.29M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$225.21M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.07M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$114.82M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.48M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.01M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.32M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.84M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$56.81M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$214.89M	USD	3 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$106.81M	USD	3 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$41.22M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.66	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.57	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.19	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.52	USD	1 Quarter

Cash Flow Statement 99 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$61.29M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$225.21M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.07M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$114.82M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$31.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$92.69M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$46.66M	USD	3 Qtrs
Amortization of deferred gain	`AmortizationOfDeferredGains`	$5.44M	USD	3 Qtrs
Amortization of deferred gain	`AmortizationOfDeferredGains`	-	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$802.00K	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$548.00K	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain associated with claim on long-term contract	`GainLossRelatedToLitigationSettlement`	-	USD	3 Qtrs
Gain associated with claim on long-term contract	`GainLossRelatedToLitigationSettlement`	$129.67M	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-59.00K	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.04M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$9.09M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-964.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-105.16M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.28M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-56.00M	USD	1 Quarter
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.01M	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.69M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$7.27M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$29.30M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$25.58M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$12.71M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$31.73M	USD	3 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$32.85M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.22M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$36.78M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$34.07M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-384.22M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.73M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$59.16M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$527.77M	USD	3 Qtrs
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$13.03M	USD	3 Qtrs
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$-2.98M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$38.42M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.95M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$9.56M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$40.19M	USD	3 Qtrs
Billings in excess of costs	`IncreaseDecreaseInBillingsInExcessOfCosts`	$151.89M	USD	3 Qtrs
Billings in excess of costs	`IncreaseDecreaseInBillingsInExcessOfCosts`	-	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$168.58M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$20.70M	USD	3 Qtrs
Provision for contract losses	`IncreaseDecreaseInProvisionForContractLosses`	-	USD	3 Qtrs
Provision for contract losses	`IncreaseDecreaseInProvisionForContractLosses`	$13.99M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-3.02M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$3.25M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$12.52M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$13.14M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$130.63M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$99.82M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$44.03M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$19.44M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$112.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.82M	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$495.69M	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$481.16M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$4.28M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$11.45M	USD	3 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$6.63M	USD	3 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.13M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-503.64M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-541.71M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$260.00M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$530.00M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$710.00M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$20.00M	USD	3 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$468.00K	USD	3 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$286.00K	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$13.77M	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$9.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$35.38M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$6.86M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	$73.31M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	$819.00K	USD	3 Qtrs
IPO proceeds, net	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
IPO proceeds, net	`ProceedsFromIssuanceInitialPublicOffering`	$536.88M	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	-	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	$52.09M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$173.13M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$277.30M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.23M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-953.00K	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-134.73M	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-231.91M	USD	3 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.46M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.23M	USD	Point-in-time
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`	$446.14M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.46M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.23M	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`	$446.14M	USD	Point-in-time

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-982.56M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-869.94M	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`	$-825.54M	USD	Point-in-time
Beginning balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$2.58B	USD	Point-in-time
Beginning balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time
Net income	`ProfitLoss`	$61.29M	USD	1 Quarter
Net income	`ProfitLoss`	$225.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$46.07M	USD	1 Quarter
Net income	`ProfitLoss`	$114.82M	USD	3 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.96M	USD	3 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.30M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$171.00K	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.08M	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$27.00K	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$9.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-10.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	3 Qtrs
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$13.77M	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$115.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$852.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$9.00M	USD	3 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$14.59M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.10M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$6.86M	USD	3 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$35.38M	USD	3 Qtrs
Dividend paid	`Dividends`	$52.09M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.22M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.22M	USD	1 Quarter
Conversion of S-Corp to C-Corp	`StockIssuedDuringPeriodValueConversionOfUnits`	$-25.88M	USD	3 Qtrs
Accretion of redeemable common stock	`AccretionOfRedeemableCommonStock`	$-675.64M	USD	3 Qtrs
Accretion of redeemable common stock	`AccretionOfRedeemableCommonStock`	$303.18M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-982.56M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-869.94M	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`	$-825.54M	USD	Point-in-time
Ending Balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$2.58B	USD	Point-in-time
Ending Balance, Temporary Equity	`TemporaryEquityCarryingAmountAttributableToParent`	$1.88B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$61.29M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$225.21M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.07M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$114.82M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$171.00K	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.30M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.08M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.96M	USD	3 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$27.00K	USD	3 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$9.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-10.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$119.80M	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$48.38M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$61.45M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$222.10M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$10.27M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.82M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$8.01M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.48M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$43.56M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$211.83M	USD	3 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$56.97M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$111.79M	USD	3 Qtrs

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