10-Q Filing

PARSONS CORP CIK: 275880 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-036405`
Period End Date	20200630
Filing Date	20200805
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	psn-10q_20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 64 Cash Flow Statement 90 Stockholders Equity 43 Comprehensive Income 24

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $31,221 and $51,171 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$182.69M	USD	Point-in-time
Cash and cash equivalents (including $31,221 and $51,171 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$129.58M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$12.69M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$7.04M	USD	Point-in-time
Accounts receivable, net (including $257,967 and $166,355 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$671.49M	USD	Point-in-time
Accounts receivable, net (including $257,967 and $166,355 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$717.36M	USD	Point-in-time
Contract assets (including $27,010 and $26,458 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$575.09M	USD	Point-in-time
Contract assets (including $27,010 and $26,458 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$645.56M	USD	Point-in-time
Prepaid expenses and other current assets (including $8,524 and $11,182 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$84.45M	USD	Point-in-time
Prepaid expenses and other current assets (including $8,524 and $11,182 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$89.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.59B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.53B	USD	Point-in-time
Property and equipment, net (including $2,672 and $2,945 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$122.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$182.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.58M	USD	Point-in-time
Property and equipment, net (including $2,672 and $2,945 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$124.76M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$225.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$671.49M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$233.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$717.36M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$575.09M	USD	Point-in-time
Goodwill	`Goodwill`	$1.05B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$645.56M	USD	Point-in-time
Goodwill	`Goodwill`	$1.05B	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$68.62M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$64.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$84.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$89.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$122.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$259.86M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$214.94M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$124.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$209.86M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$129.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$216.61M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$130.40M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$642.36M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$61.49M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$639.86M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$57.25M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$219.04M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$230.68M	USD	Point-in-time
Total assets	`Assets`	$3.45B	USD	Point-in-time
Total assets	`Assets`	$3.45B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Accounts payable (including $91,969 and $85,869 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$209.86M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.50M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.44M	shares	Point-in-time
Accounts payable (including $91,969 and $85,869 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$216.61M	USD	Point-in-time
Accrued expenses and other current liabilities (including $112,014 and $74,857 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$642.36M	USD	Point-in-time
Accrued expenses and other current liabilities (including $112,014 and $74,857 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$639.86M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	23.93M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	21.77M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	45.77M	shares	Point-in-time
Contract liabilities (including $41,945 and $32,638 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$219.04M	USD	Point-in-time
Contract liabilities (including $41,945 and $32,638 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$230.68M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	45.77M	shares	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$47.65M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$49.99M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$7.23M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$12.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.13B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$22.12M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$56.93M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$249.35M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$249.45M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$203.62M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$201.47M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$9.12M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$9.62M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$125.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$131.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.74B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.79B	USD	Point-in-time
Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,495,690 and 146,440,701 shares issued; 23,929,462 and 21,772,888 public shares outstanding; 76,795,221 and 78,896,806 ESOP shares outstanding	`CommonStockValue`	$146.44M	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,495,690 and 146,440,701 shares issued; 23,929,462 and 21,772,888 public shares outstanding; 76,795,221 and 78,896,806 ESOP shares outstanding	`CommonStockValue`	$146.50M	USD	Point-in-time
Treasury stock, 45,771,008 shares at cost	`TreasuryStockValue`	$934.24M	USD	Point-in-time
Treasury stock, 45,771,008 shares at cost	`TreasuryStockValue`	$934.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.65B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.66B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-182.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-218.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.26M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.67B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.63B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$30.87M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$38.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Total liabilities, redeemable common stock and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.45B	USD	Point-in-time
Total liabilities, redeemable common stock and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.45B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.95B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.89B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$989.74M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$979.46M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.50B	USD	2 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$749.32M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.52B	USD	2 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$784.72M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$3.77M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.88M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.63M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$22.03M	USD	2 Qtrs
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$187.64M	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`	$371.41M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$14.34M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-8.71M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$46.26M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$69.97M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$424.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$225.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$702.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$196.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.18M	USD	2 Qtrs
Interest expense	`InterestExpense`	$14.67M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$263.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.55M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.51M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$715.00K	USD	1 Quarter
Total other expense	`OtherIncomeExpense`	$-4.64M	USD	1 Quarter
Total other expense	`OtherIncomeExpense`	$-12.42M	USD	2 Qtrs
Total other expense	`OtherIncomeExpense`	$-7.49M	USD	2 Qtrs
Total other expense	`OtherIncomeExpense`	$-3.25M	USD	1 Quarter
Income (loss) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.92M	USD	2 Qtrs
Income (loss) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$43.02M	USD	1 Quarter
Income (loss) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$62.47M	USD	2 Qtrs
Income (loss) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.35M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-53.50M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$11.89M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$16.98M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-51.61M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$31.12M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$45.50M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$40.15M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$53.53M	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.22M	USD	2 Qtrs
Net (income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.83M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-114.00K	USD	1 Quarter
Net (income) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.53M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$40.26M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$23.30M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$50.00M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$36.27M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.36	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.59	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.36	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.59	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$31.12M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$45.50M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$40.15M	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`	$32.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$61.66M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$64.49M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$629.00K	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$369.00K	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$24.00K	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$43.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$38.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-866.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$325.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-64.92M	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.19M	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$352.00K	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$3.77M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.88M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.63M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$22.03M	USD	2 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$15.89M	USD	2 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$15.02M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.43M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$24.53M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$29.47M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$49.62M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$97.45M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$50.84M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$70.74M	USD	2 Qtrs
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$4.97M	USD	2 Qtrs
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$999.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.23M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.52M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$17.76M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-21.98M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-11.05M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$11.46M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$4.05M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-7.22M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$20.10M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-28.65M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.49M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.44M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$25.95M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$22.94M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.87M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$943.00K	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	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`	$3.84M	USD	2 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$17.00K	USD	2 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$4.40M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.82M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-312.21M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$180.60M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$350.00M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$530.00M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$180.60M	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 noncontrolling interests	`ProceedsFromMinorityShareholders`	$8.15M	USD	2 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$223.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$20.79M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$1.60M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	-	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	$819.00K	USD	2 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	-	USD	2 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$1.15M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$537.33M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.68M	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$52.09M	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	-	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-847.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$291.49M	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-602.00K	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-641.00K	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-58.75M	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-69.81M	USD	2 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$195.37M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$211.38M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$281.19M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$136.62M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$195.37M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$211.38M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$281.19M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$136.62M	USD	Point-in-time

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Net income	`ProfitLoss`	$31.12M	USD	1 Quarter
Net income	`ProfitLoss`	$45.50M	USD	2 Qtrs
Net income	`ProfitLoss`	$40.15M	USD	1 Quarter
Net income	`ProfitLoss`	$53.53M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.24M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.10M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.79M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.70M	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-26.00K	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$38.00K	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-23.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$8.15M	USD	2 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$223.00K	USD	2 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$2.00K	USD	1 Quarter
Distributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.25M	USD	1 Quarter
Distributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.60M	USD	2 Qtrs
Distributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$-5.64M	USD	1 Quarter
Distributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$20.79M	USD	2 Qtrs
Dividend paid	`Dividends`	$52.09M	USD	2 Qtrs
Dividend paid	`Dividends`	$52.09M	USD	1 Quarter
Issuance of equity securities, net of retirements/ IPO proceeds, net	`StockIssuedDuringPeriodValueNewIssues`	$1.68M	USD	1 Quarter
Issuance of equity securities, net of retirements/ IPO proceeds, net	`StockIssuedDuringPeriodValueNewIssues`	$1.68M	USD	2 Qtrs
Issuance of equity securities, net of retirements/ IPO proceeds, net	`StockIssuedDuringPeriodValueNewIssues`	$537.33M	USD	2 Qtrs
Issuance of equity securities, net of retirements/ IPO proceeds, net	`StockIssuedDuringPeriodValueNewIssues`	$537.33M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.18M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.43M	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
ESOP shares at redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$978.82M	USD	2 Qtrs
ESOP shares at redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$978.99M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-870.64M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$31.12M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$45.50M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$40.15M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$53.53M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.70M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.24M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.79M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.10M	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`	$38.00K	USD	2 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-23.00K	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`	$39.76M	USD	2 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$34.25M	USD	1 Quarter
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`	$9.22M	USD	2 Qtrs
Comprehensive (income) loss attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.83M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-114.00K	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$30.54M	USD	2 Qtrs
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`	$26.42M	USD	1 Quarter

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