10-Q Filing

PARSONS CORP CIK: 275880 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001564590-22-017655`
Period End Date	20220331
Filing Date	20220504
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	psn-10q_20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 32 Cash Flow Statement 76 Stockholders Equity 23 Comprehensive Income 12

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $28,477 and $78,514 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$285.62M	USD	Point-in-time
Cash and cash equivalents (including $28,477 and $78,514 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$342.61M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$1.14M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$1.27M	USD	Point-in-time
Accounts receivable, net (including $166,410 and $190,643 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$598.31M	USD	Point-in-time
Accounts receivable, net (including $166,410 and $190,643 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$646.12M	USD	Point-in-time
Contract assets (including $8,647 and $23,498 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$579.22M	USD	Point-in-time
Contract assets (including $8,647 and $23,498 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$600.11M	USD	Point-in-time
Prepaid expenses and other current assets (including $10,694 and $18,783 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$107.98M	USD	Point-in-time
Prepaid expenses and other current assets (including $10,694 and $18,783 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$110.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.63B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.64B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$285.62M	USD	Point-in-time
Property and equipment, net (including $1,707 and $1,721 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$104.20M	USD	Point-in-time
Property and equipment, net (including $1,707 and $1,721 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$97.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$342.61M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$171.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$598.31M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$646.12M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$182.67M	USD	Point-in-time
Goodwill	`Goodwill`	$1.41B	USD	Point-in-time
Goodwill	`Goodwill`	$1.41B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$579.22M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$600.11M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$107.98M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$114.23M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$110.69M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$110.94M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$188.73M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$104.20M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.92M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$207.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$157.08M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$134.39M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$137.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$196.29M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$599.09M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$609.10M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$45.23M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$46.13M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$171.67M	USD	Point-in-time
Total assets	`Assets`	$3.81B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$172.93M	USD	Point-in-time
Total assets	`Assets`	$3.83B	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 $57,700 and $78,558 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$157.08M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.28M	shares	Point-in-time
Accounts payable (including $57,700 and $78,558 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$196.29M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.35M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	33.33M	shares	Point-in-time
Accrued expenses and other current liabilities (including $78,453 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$599.09M	USD	Point-in-time
Accrued expenses and other current liabilities (including $78,453 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$609.10M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	34.94M	shares	Point-in-time
Contract liabilities (including $14,637 and $14,333 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$171.67M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42.62M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42.62M	shares	Point-in-time
Contract liabilities (including $14,637 and $14,333 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$172.93M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$55.90M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$57.20M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$12.55M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$7.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.03B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$16.00M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$15.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$591.92M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$592.45M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$135.28M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$148.89M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$11.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$11.79M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$94.83M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$94.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.89B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.86B	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; 146,347,283 and 146,276,880 shares issued; 34,942,580 and 33,331,494 public shares outstanding; 68,787,554 and 70,328,237 ESOP shares outstanding	`CommonStockValue`	$146.35M	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,347,283 and 146,276,880 shares issued; 34,942,580 and 33,331,494 public shares outstanding; 68,787,554 and 70,328,237 ESOP shares outstanding	`CommonStockValue`	$146.28M	USD	Point-in-time
Treasury stock, 42,617,149 shares at cost	`TreasuryStockValue`	$867.39M	USD	Point-in-time
Treasury stock, 42,617,149 shares at cost	`TreasuryStockValue`	$867.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.68B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.68B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-53.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.57M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.90B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.92B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$32.44M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$36.34M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.83B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.81B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$874.70M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$949.07M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$733.90M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$669.08M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$7.53M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$5.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$187.52M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$185.08M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$35.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.62M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$65.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$98.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.94M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$145.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.79M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-3.73M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-6.23M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.39M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.96M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.38M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$14.01M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$23.84M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.97M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.18M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$20.67M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$9.04M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$14.01M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$23.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$34.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.51M	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$649.00K	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$665.00K	USD	1 Quarter
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$39.00K	USD	1 Quarter
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-267.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$403.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.57M	USD	1 Quarter
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-882.00K	USD	1 Quarter
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.22M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$7.53M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$5.60M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$11.87M	USD	1 Quarter
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$13.18M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.90M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$7.21M	USD	1 Quarter
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$13.15M	USD	1 Quarter
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$13.05M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$46.69M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$31.71M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$21.21M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.39M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.66M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-39.34M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-4.13M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-68.93M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-16.09M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$945.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$4.71M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$1.27M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-986.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-19.31M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.97M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.71M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.45M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.47M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$164.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$112.00K	USD	1 Quarter
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-1.06M	USD	1 Quarter
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$9.71M	USD	1 Quarter
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$22.24M	USD	1 Quarter
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$116.00K	USD	1 Quarter
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$644.00K	USD	1 Quarter
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	1 Quarter
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	$14.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.43M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.04M	USD	1 Quarter
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$1.23M	USD	1 Quarter
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$7.00K	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$8.99M	USD	1 Quarter
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$8.31M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$5.55M	USD	1 Quarter
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$5.77M	USD	1 Quarter
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$2.24M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.40M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.22M	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$425.00K	USD	1 Quarter
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$430.00K	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-57.12M	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-87.80M	USD	1 Quarter
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$399.41M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$286.76M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$399.41M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$286.76M	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time
Net income	`ProfitLoss`	$14.01M	USD	1 Quarter
Net income	`ProfitLoss`	$23.84M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.91M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$2.87M	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-19.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-22.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$1.23M	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$7.00K	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$8.31M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$8.99M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-926.00K	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-4.49M	USD	1 Quarter
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-5.55M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.21M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.90M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$14.01M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$23.84M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.87M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.91M	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-19.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-22.00K	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$18.95M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$26.74M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.98M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.18M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$23.56M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$13.97M	USD	1 Quarter

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