10-Q Filing

PARSONS CORP CIK: 275880 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-050173`
Period End Date	20200930
Filing Date	20201104
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	psn-10q_20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 64 Cash Flow Statement 100 Stockholders Equity 50 Comprehensive Income 24

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $50,585 and $51,171 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$614.03M	USD	Point-in-time
Cash and cash equivalents (including $50,585 and $51,171 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$182.69M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$3.73M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$12.69M	USD	Point-in-time
Accounts receivable, net (including $259,691 and $166,355 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$671.49M	USD	Point-in-time
Accounts receivable, net (including $259,691 and $166,355 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$775.06M	USD	Point-in-time
Contract assets (including $29,054 and $26,458 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$575.09M	USD	Point-in-time
Contract assets (including $29,054 and $26,458 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$610.89M	USD	Point-in-time
Prepaid expenses and other current assets (including $3,974 and $11,182 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$77.91M	USD	Point-in-time
Prepaid expenses and other current assets (including $3,974 and $11,182 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$84.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.08B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.53B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$614.03M	USD	Point-in-time
Property and equipment, net (including $2,649 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
Property and equipment, net (including $2,649 and $2,945 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$121.49M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$671.49M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$775.06M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$233.41M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$212.59M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$575.09M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$610.89M	USD	Point-in-time
Goodwill	`Goodwill`	$1.05B	USD	Point-in-time
Goodwill	`Goodwill`	$1.05B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$77.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$84.45M	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`	$71.29M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$259.86M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$122.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$194.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$121.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$208.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$216.61M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$130.40M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$130.90M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$60.34M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$725.87M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$639.86M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$61.49M	USD	Point-in-time
Total assets	`Assets`	$3.92B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$230.68M	USD	Point-in-time
Total assets	`Assets`	$3.45B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$212.37M	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 $72,949 and $85,869 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$208.31M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.50M	shares	Point-in-time
Accounts payable (including $72,949 and $85,869 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$216.61M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.44M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	21.77M	shares	Point-in-time
Accrued expenses and other current liabilities (including $141,476 and $74,857 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$725.87M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	24.64M	shares	Point-in-time
Accrued expenses and other current liabilities (including $141,476 and $74,857 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$639.86M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	45.77M	shares	Point-in-time
Contract liabilities (including $44,267 and $32,638 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$230.68M	USD	Point-in-time
Contract liabilities (including $44,267 and $32,638 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$212.37M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	45.77M	shares	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$48.66M	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`	$1.34M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$50.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.25B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$56.93M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$21.54M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$249.35M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$537.12M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$189.32M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$203.62M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$9.27M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$9.62M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$145.49M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$125.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.79B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.15B	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; 146,498,582 and 146,440,701 shares issued; 24,637,043 and 21,772,888 public shares outstanding; 76,090,531 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; 146,498,582 and 146,440,701 shares issued; 24,637,043 and 21,772,888 public shares outstanding; 76,090,531 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`	$2.68B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.65B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-142.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-218.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.26M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.63B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.73B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$41.97M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$30.87M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.77B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-982.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Total liabilities, redeemable common stock and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.92B	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`	$1.02B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.00B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.95B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.92B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$2.31B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$798.55M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$2.30B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$788.77M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.74M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$29.30M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$26.62M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$7.27M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$165.94M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$178.55M	USD	1 Quarter
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$537.35M	USD	3 Qtrs
Indirect, general and administrative expenses	`GeneralAndAdministrativeExpense`	$581.43M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$67.79M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$136.24M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$53.45M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$66.27M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.13M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$88.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$427.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$512.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$5.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.58M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.66M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.13M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.65M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.92M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.58M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-3.73M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-20.03M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-7.61M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-11.23M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.84M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$125.01M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$62.54M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.76M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$16.02M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$32.99M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-15.45M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-67.06M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.52M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$92.02M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$114.82M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$61.29M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.01M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.09M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.48M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.86M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$56.81M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$76.93M	USD	3 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$40.66M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$106.81M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.76	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.19	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.76	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.19	USD	3 Qtrs

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$46.52M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$92.02M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$114.82M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$61.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$92.69M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$95.44M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$31.03M	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$802.00K	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$760.00K	USD	3 Qtrs
Amortization of convertible notes discount	`AmortizationOfConvertibleNotesDiscount`	-	USD	3 Qtrs
Amortization of convertible notes discount	`AmortizationOfConvertibleNotesDiscount`	$1.28M	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$22.00K	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.04M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$54.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-964.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-105.16M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-763.00K	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-431.00K	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.69M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.74M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$29.30M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$26.62M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$7.27M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$32.85M	USD	3 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$31.19M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$11.04M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.22M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$42.01M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$36.78M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$106.49M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.73M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$59.16M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$34.93M	USD	3 Qtrs
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$-7.65M	USD	3 Qtrs
Prepaid expenses and current assets	`IncreaseDecreaseInPrepaidExpenseAndCurrentAssets`	$-2.98M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.07M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.95M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$40.19M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$48.90M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-18.09M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$20.70M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-6.76M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-3.02M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$13.14M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-15.57M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$130.63M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$113.44M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$29.18M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$44.03M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.82M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.05M	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$495.69M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$7.97M	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`	$17.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-541.71M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.08M	USD	3 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	$530.00M	USD	3 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	$212.90M	USD	3 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	$710.00M	USD	3 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	$212.90M	USD	3 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$286.00K	USD	3 Qtrs
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	$400.00M	USD	3 Qtrs
Payments for purchase of bond hedges	`PaymentsForHedgeFinancingActivities`	-	USD	3 Qtrs
Payments for purchase of bond hedges	`PaymentsForHedgeFinancingActivities`	$54.97M	USD	3 Qtrs
Proceeds from issuance of warrants	`ProceedsFromIssuanceOfWarrants`	$13.81M	USD	3 Qtrs
Proceeds from issuance of warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	3 Qtrs
Transaction costs paid in connection with convertible notes issuance	`PaymentOfConvertibleNotesIssuanceTransactionCosts`	-	USD	3 Qtrs
Transaction costs paid in connection with convertible notes issuance	`PaymentOfConvertibleNotesIssuanceTransactionCosts`	$10.31M	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$491.00K	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`	$4.47M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	-	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForPurchaseOfTreasuryStock`	$819.00K	USD	3 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$1.15M	USD	3 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	-	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$536.88M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.68M	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	$52.09M	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$277.30M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$345.09M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-69.00K	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-953.00K	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-134.73M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$422.38M	USD	3 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$146.46M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$281.19M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$617.76M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$195.37M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$146.46M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$281.19M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$617.76M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$195.37M	USD	Point-in-time

Stockholders Equity 50 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.77B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-982.56M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time
Net income	`ProfitLoss`	$46.52M	USD	1 Quarter
Net income	`ProfitLoss`	$92.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$114.82M	USD	3 Qtrs
Net income	`ProfitLoss`	$61.29M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$1.93M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.77M	USD	3 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.96M	USD	3 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$171.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$9.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-20.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$18.00K	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$268.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$491.00K	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$852.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$9.00M	USD	3 Qtrs
Distributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$35.38M	USD	3 Qtrs
Distributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.47M	USD	3 Qtrs
Distributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$14.59M	USD	1 Quarter
Distributions	`MinorityInterestIncreaseDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.86M	USD	1 Quarter
Dividend paid	`Dividends`	$52.09M	USD	3 Qtrs
Issuance of equity securities, net of retirements/ IPO proceeds, net	`StockIssuedDuringPeriodValueNewIssues`	$-12.00K	USD	1 Quarter
Issuance of equity securities, net of retirements/ IPO proceeds, net	`StockIssuedDuringPeriodValueNewIssues`	$536.88M	USD	3 Qtrs
Issuance of equity securities, net of retirements/ IPO proceeds, net	`StockIssuedDuringPeriodValueNewIssues`	$-452.00K	USD	1 Quarter
Issuance of equity securities, net of retirements/ IPO proceeds, net	`StockIssuedDuringPeriodValueNewIssues`	$1.67M	USD	3 Qtrs
Equity component value of convertible note issuance	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$53.55M	USD	3 Qtrs
Equity component value of convertible note issuance	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$53.55M	USD	1 Quarter
Purchase of convertible note hedge	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfConvertibleNoteHedge`	$-54.61M	USD	1 Quarter
Purchase of convertible note hedge	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfConvertibleNoteHedge`	$-54.61M	USD	3 Qtrs
Sale of common stock warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$13.81M	USD	3 Qtrs
Sale of common stock warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$13.81M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.22M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.61M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.22M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.04M	USD	3 Qtrs
Conversion of S-Corp to C-Corp	`StockIssuedDuringPeriodValueConversionOfUnits`	$-25.88M	USD	3 Qtrs
ESOP shares at redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$-303.18M	USD	1 Quarter
ESOP shares at redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$675.64M	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.34B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.77B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-982.56M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-921.08M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$46.52M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$92.02M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$114.82M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$61.29M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.93M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.96M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$171.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-17.00K	USD	3 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$9.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-20.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$18.00K	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$48.47M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$119.80M	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$61.45M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$88.23M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.48M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$5.87M	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`	$15.09M	USD	3 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$111.79M	USD	3 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$42.60M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$73.14M	USD	3 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$56.97M	USD	1 Quarter

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