10-Q Filing

PARSONS CORP CIK: 275880 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-040486`
Period End Date	20210630
Filing Date	20210804
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	psn-10q_20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 64 Cash Flow Statement 88 Stockholders Equity 40 Comprehensive Income 24

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $57,563 and $75,220 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$483.61M	USD	Point-in-time
Cash and cash equivalents (including $57,563 and $75,220 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$483.44M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$1.15M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$3.61M	USD	Point-in-time
Accounts receivable, net (including $173,640 and $190,643 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$698.58M	USD	Point-in-time
Accounts receivable, net (including $173,640 and $190,643 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$637.98M	USD	Point-in-time
Contract assets (including $25,192 and $23,498 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$568.24M	USD	Point-in-time
Contract assets (including $25,192 and $23,498 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$576.57M	USD	Point-in-time
Prepaid expenses and other current assets (including $6,657 and $3,045 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$103.60M	USD	Point-in-time
Prepaid expenses and other current assets (including $6,657 and $3,045 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$80.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.84B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.79B	USD	Point-in-time
Property and equipment, net (including $2,283 and $2,629 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$110.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$483.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$483.44M	USD	Point-in-time
Property and equipment, net (including $2,283 and $2,629 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$121.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$698.58M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$194.48M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$637.98M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$210.40M	USD	Point-in-time
Goodwill	`Goodwill`	$1.26B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$568.24M	USD	Point-in-time
Goodwill	`Goodwill`	$1.26B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$576.57M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$86.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$103.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.77M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$68.97M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$110.62M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$197.99M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$245.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$121.03M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$130.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$225.68M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$147.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$191.69M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$56.04M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$45.55M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$582.61M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$650.75M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$196.55M	USD	Point-in-time
Total assets	`Assets`	$3.84B	USD	Point-in-time
Total assets	`Assets`	$3.94B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$201.86M	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 $85,425 and $97,810 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$225.68M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.61M	shares	Point-in-time
Accounts payable (including $85,425 and $97,810 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$191.69M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.75M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	30.21M	shares	Point-in-time
Accrued expenses and other current liabilities (including $70,015 and $68,801 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$582.61M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	25.72M	shares	Point-in-time
Accrued expenses and other current liabilities (including $70,015 and $68,801 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$650.75M	USD	Point-in-time
Contract liabilities (including $35,260 and $33,922 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$196.55M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	44.25M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	44.25M	shares	Point-in-time
Contract liabilities (including $35,260 and $33,922 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$201.86M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$54.00M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$54.13M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$2.58M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$4.98M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$50.00M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$50.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.19B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.08B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$21.83M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$23.22M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$540.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$590.88M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$182.47M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$164.75M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$12.69M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$12.29M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$132.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$119.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.99B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.08B	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; 146,751,406 and 146,609,288 shares issued; 30,213,867 and 25,719,350 public shares outstanding; 72,288,913 and 76,641,312 ESOP shares outstanding	`CommonStockValue`	$146.75M	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,751,406 and 146,609,288 shares issued; 30,213,867 and 25,719,350 public shares outstanding; 72,288,913 and 76,641,312 ESOP shares outstanding	`CommonStockValue`	$146.61M	USD	Point-in-time
Treasury stock, 44,248,626 shares at cost	`TreasuryStockValue`	$899.33M	USD	Point-in-time
Treasury stock, 44,248,626 shares at cost	`TreasuryStockValue`	$899.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.70B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.67B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-102.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-120.57M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.91M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.87M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$47.65M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$36.98M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.84B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.94B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$979.46M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$879.36M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.95B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.75B	USD	2 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.52B	USD	2 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$680.33M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$749.32M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.35B	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$3.77M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.96M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.88M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.43M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$371.41M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$188.24M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$187.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$375.76M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$46.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$20.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.84M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$69.97M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$152.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$424.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$196.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$250.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.45M	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.18M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.16M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$405.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$263.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.39M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$715.00K	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-3.25M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-4.35M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-10.59M	USD	2 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-7.49M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$43.02M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$62.47M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.87M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.25M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$11.89M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.98M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.21M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$45.50M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$26.04M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$31.12M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$12.03M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.30M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.33M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.83M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.22M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$6.70M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$15.74M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$36.27M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$23.30M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.36	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.36	USD	2 Qtrs

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$45.50M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$26.04M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$31.12M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$12.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$64.49M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.31M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$1.53M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$369.00K	USD	2 Qtrs
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$43.00K	USD	2 Qtrs
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-297.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$38.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.22M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$325.00K	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.19M	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.40M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$3.77M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.96M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.88M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.43M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$18.13M	USD	2 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$15.89M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$11.36M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.43M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$29.47M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$26.52M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-58.15M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$49.62M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-8.36M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$70.74M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.15M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$999.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-34.37M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.23M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-97.54M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-21.98M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-5.96M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-11.05M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$4.05M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-2.40M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-28.65M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-11.03M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.46M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.44M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$9.17M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$22.94M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$384.00K	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`	$-256.00K	USD	2 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$26.37M	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`	$727.00K	USD	2 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	$14.34M	USD	2 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.84M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.82M	USD	2 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	$180.60M	USD	2 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	$180.60M	USD	2 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$1.83M	USD	2 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$223.00K	USD	2 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$872.00K	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$1.60M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$21.84M	USD	2 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$2.24M	USD	2 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$1.15M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.77M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.68M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.26M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-847.00K	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$1.01M	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`	$-2.63M	USD	2 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$484.59M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$136.62M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$195.37M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$484.59M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$136.62M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$195.37M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time
Net income	`ProfitLoss`	$45.50M	USD	2 Qtrs
Net income	`ProfitLoss`	$26.04M	USD	2 Qtrs
Net income	`ProfitLoss`	$31.12M	USD	1 Quarter
Net income	`ProfitLoss`	$12.03M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.70M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.10M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.01M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$7.93M	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-38.00K	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-23.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-19.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$38.00K	USD	2 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$2.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$865.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$223.00K	USD	2 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$872.00K	USD	2 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.60M	USD	2 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$12.85M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$21.84M	USD	2 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.25M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$1.68M	USD	2 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$2.78M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$1.68M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$1.85M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.16M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.18M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.43M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.36M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.67B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$45.50M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$26.04M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$31.12M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$12.03M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.93M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.70M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.10M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.01M	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
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-19.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$38.00K	USD	2 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$34.01M	USD	2 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$39.76M	USD	2 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$15.06M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$34.25M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$5.32M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$10.30M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.83M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$9.22M	USD	2 Qtrs
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`	$23.70M	USD	2 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$26.42M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$9.73M	USD	1 Quarter

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