10-Q Filing

PARSONS CORP CIK: 275880 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-053722`
Period End Date	20210930
Filing Date	20211103
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	psn-10q_20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 64 Cash Flow Statement 100 Stockholders Equity 47 Comprehensive Income 24

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $51,516 and $75,220 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$483.61M	USD	Point-in-time
Cash and cash equivalents (including $51,516 and $75,220 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$275.51M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$1.20M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$3.61M	USD	Point-in-time
Accounts receivable, net (including $152,471 and $190,643 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$698.58M	USD	Point-in-time
Accounts receivable, net (including $152,471 and $190,643 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$627.45M	USD	Point-in-time
Contract assets (including $27,354 and $23,498 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$569.29M	USD	Point-in-time
Contract assets (including $27,354 and $23,498 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$576.57M	USD	Point-in-time
Prepaid expenses and other current assets (including $21,764 and $3,045 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$113.13M	USD	Point-in-time
Prepaid expenses and other current assets (including $21,764 and $3,045 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$80.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.59B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.84B	USD	Point-in-time
Property and equipment, net (including $1,499 and $2,629 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$105.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$483.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$275.51M	USD	Point-in-time
Property and equipment, net (including $1,499 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`	$210.40M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$188.52M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$627.45M	USD	Point-in-time
Goodwill	`Goodwill`	$1.41B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$569.29M	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`	$68.97M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$102.68M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$113.13M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.77M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$245.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$105.89M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$235.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$121.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$188.76M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$147.26M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$130.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$225.68M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$650.75M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$626.17M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$45.62M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$56.04M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$186.79M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$201.86M	USD	Point-in-time
Total assets	`Assets`	$3.94B	USD	Point-in-time
Total assets	`Assets`	$3.82B	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 $93,697 and $97,810 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$188.76M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.61M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.51M	shares	Point-in-time
Accounts payable (including $93,697 and $97,810 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$225.68M	USD	Point-in-time
Accrued expenses and other current liabilities (including $81,336 and $68,801 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$650.75M	USD	Point-in-time
Accrued expenses and other current liabilities (including $81,336 and $68,801 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$626.17M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	32.54M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	25.72M	shares	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 $18,720 and $33,922 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$186.79M	USD	Point-in-time
Contract liabilities (including $18,720 and $33,922 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$201.86M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$54.13M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$54.47M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$4.47M	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`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.06B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.19B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$19.49M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$21.83M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$591.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$540.00M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$182.47M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$157.59M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$12.29M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$23.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$117.37M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$132.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.08B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.97B	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; 146,506,406 and 146,609,288 shares issued; 32,538,566 and 25,719,350 public shares outstanding; 69,719,214 and 76,641,312 ESOP shares outstanding	`CommonStockValue`	$146.51M	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,506,406 and 146,609,288 shares issued; 32,538,566 and 25,719,350 public shares outstanding; 69,719,214 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`	$2.67B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.70B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-82.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-120.57M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.13M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.82B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$47.65M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$29.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	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 liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.94B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.82B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$956.05M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.00B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.71B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.95B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$734.65M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$788.77M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$2.08B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$2.31B	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.57M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$26.53M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$26.62M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.74M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$191.23M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$566.99M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$537.35M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$165.94M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$39.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$66.27M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$136.24M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$85.58M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$315.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$512.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$65.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$88.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.50M	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.66M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.92M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$184.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.65M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.20M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-3.80M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-14.39M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-3.73M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-11.23M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$62.54M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.93M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$125.01M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$71.19M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$16.02M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.16M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$32.99M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$18.38M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$92.02M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$52.81M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.52M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$26.77M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.86M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$17.71M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.09M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.41M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$35.10M	USD	3 Qtrs
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`	$19.36M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.76	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.34	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.33	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.76	USD	3 Qtrs

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$92.02M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$52.81M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.52M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$26.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.54M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$37.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$95.44M	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$2.17M	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
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$22.00K	USD	3 Qtrs
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-357.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$8.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$54.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-763.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.37M	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.11M	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-431.00K	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.57M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$26.53M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$26.62M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.74M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$31.19M	USD	3 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$20.55M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$11.04M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$15.54M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$42.01M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$41.31M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-70.36M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$106.49M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-13.26M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$34.93M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.65M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$19.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-39.34M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.07M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-86.40M	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`	$-16.29M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-6.76M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-498.00K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-15.57M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-17.27M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$113.44M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.71M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.80M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$29.18M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.05M	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`	$197.67M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$36.10M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$7.97M	USD	3 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$17.00K	USD	3 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$729.00K	USD	3 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	3 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	$14.34M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.08M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-230.46M	USD	3 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	$212.90M	USD	3 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	$212.90M	USD	3 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	$50.00M	USD	3 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	$1.94M	USD	3 Qtrs
Payments for debt costs and credit agreement	`PaymentsOfDebtIssuanceCosts`	-	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`	$54.97M	USD	3 Qtrs
Payments for purchase of bond hedges	`PaymentsForHedgeFinancingActivities`	-	USD	3 Qtrs
Proceeds from issuance of warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	3 Qtrs
Proceeds from issuance of warrants	`ProceedsFromIssuanceOfWarrants`	$13.81M	USD	3 Qtrs
Transaction costs paid in connection with convertible notes issuance	`PaymentOfConvertibleNotesIssuanceTransactionCosts`	$10.31M	USD	3 Qtrs
Transaction costs paid in connection with convertible notes issuance	`PaymentOfConvertibleNotesIssuanceTransactionCosts`	-	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$1.69M	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$491.00K	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$37.25M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$4.47M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.70M	USD	3 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$2.24M	USD	3 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$1.15M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.68M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.77M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$345.09M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-95.67M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-69.00K	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-97.00K	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$422.38M	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-210.51M	USD	3 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$617.76M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$276.70M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$195.37M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$617.76M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$276.70M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$195.37M	USD	Point-in-time

Stockholders Equity 47 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.77B	USD	Point-in-time
Net income	`ProfitLoss`	$92.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$52.81M	USD	3 Qtrs
Net income	`ProfitLoss`	$46.52M	USD	1 Quarter
Net income	`ProfitLoss`	$26.77M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-4.21M	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`	$3.72M	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-12.00K	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-20.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$18.00K	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$26.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$816.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$491.00K	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$268.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$1.69M	USD	3 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$37.25M	USD	3 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.47M	USD	3 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$15.41M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.86M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$1.67M	USD	3 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$1.85M	USD	3 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-12.00K	USD	1 Quarter
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-8.70M	USD	1 Quarter
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-8.70M	USD	3 Qtrs
Equity component value of convertible note issuance	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$53.55M	USD	1 Quarter
Equity component value of convertible note issuance	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$53.55M	USD	3 Qtrs
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`	$4.61M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.18M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.04M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.54M	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.71B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.77B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$92.02M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$52.81M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.52M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$26.77M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.72M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.21M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.93M	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-12.00K	USD	3 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-20.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$18.00K	USD	3 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$26.00K	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$48.47M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$22.54M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$56.54M	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$88.23M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.09M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.41M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$17.71M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$5.87M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$38.83M	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`	$15.13M	USD	1 Quarter

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