10-Q Filing

PARSONS CORP CIK: 275880 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001564590-22-027607`
Period End Date	20220630
Filing Date	20220803
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	psn-10q_20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 64 Cash Flow Statement 92 Stockholders Equity 42 Comprehensive Income 24

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $25,060 and $78,514 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$342.61M	USD	Point-in-time
Cash and cash equivalents (including $25,060 and $78,514 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$125.98M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$1.27M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$890.00K	USD	Point-in-time
Accounts receivable, net (including $183,768 and $190,643 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$598.31M	USD	Point-in-time
Accounts receivable, net (including $183,768 and $190,643 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$733.49M	USD	Point-in-time
Contract assets (including $9,867 and $23,498 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$603.36M	USD	Point-in-time
Contract assets (including $9,867 and $23,498 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$579.22M	USD	Point-in-time
Prepaid expenses and other current assets (including $13,357 and $18,783 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$119.91M	USD	Point-in-time
Prepaid expenses and other current assets (including $13,357 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`	$1.58B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$342.61M	USD	Point-in-time
Property and equipment, net (including $1,504 and $1,721 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$98.49M	USD	Point-in-time
Property and equipment, net (including $1,504 and $1,721 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$104.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$125.98M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$598.31M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$182.67M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$167.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$733.49M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$603.36M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$579.22M	USD	Point-in-time
Goodwill	`Goodwill`	$1.67B	USD	Point-in-time
Goodwill	`Goodwill`	$1.41B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$119.91M	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
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$115.48M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$285.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$104.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$207.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$196.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$194.70M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$134.59M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$134.39M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$647.04M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$46.13M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$53.26M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$599.09M	USD	Point-in-time
Total assets	`Assets`	$4.11B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$186.29M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$171.67M	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 $62,848 and $78,558 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$196.29M	USD	Point-in-time
Accounts payable (including $62,848 and $78,558 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$194.70M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.18M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.28M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	33.33M	shares	Point-in-time
Accrued expenses and other current liabilities (including $82,994 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$647.04M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	38.46M	shares	Point-in-time
Accrued expenses and other current liabilities (including $82,994 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$599.09M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42.62M	shares	Point-in-time
Contract liabilities (including $14,293 and $14,333 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$186.29M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42.62M	shares	Point-in-time
Contract liabilities (including $14,293 and $14,333 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$171.67M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$55.90M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$59.81M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$10.94M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$7.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.03B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.10B	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$16.00M	USD	Point-in-time
Long-term employee incentives	`LongTermEmployeeIncentives`	$16.18M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$792.98M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$591.92M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$148.89M	USD	Point-in-time
Long-term lease liabilities, operating leases	`OperatingLeaseLiabilityNoncurrent`	$127.49M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$9.59M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$11.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$100.12M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$94.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.15B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.89B	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; 146,178,118 and 146,276,880 shares issued; 38,463,147 and 33,331,494 public shares outstanding; 65,097,822 and 70,328,237 ESOP shares outstanding	`CommonStockValue`	$146.28M	USD	Point-in-time
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,178,118 and 146,276,880 shares issued; 38,463,147 and 33,331,494 public shares outstanding; 65,097,822 and 70,328,237 ESOP shares outstanding	`CommonStockValue`	$146.17M	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`	$-53.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.10M	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`	$1.93B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$36.49M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$36.34M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.11B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.83B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.75B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.01B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.96B	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$879.36M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$680.33M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$781.77M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.52B	USD	2 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$1.35B	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.96M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.21M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$5.61M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.43M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$188.24M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$375.76M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$385.01M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$199.93M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$20.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$68.32M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$45.84M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$32.63M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$171.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$152.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$250.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$236.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.45M	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.46M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.53M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$236.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$381.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.39M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$405.00K	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-4.12M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-10.59M	USD	2 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-7.85M	USD	2 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-4.35M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.25M	USD	2 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.51M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.87M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.47M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$13.85M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.21M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.73M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.84M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$26.04M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.62M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$22.78M	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`	$7.66M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.33M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.49M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$6.70M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$38.96M	USD	2 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$18.30M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$15.74M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.38	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.15	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.35	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$26.04M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.62M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$22.78M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$12.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.31M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$61.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$34.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.58M	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$1.30M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$1.53M	USD	2 Qtrs
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-297.00K	USD	2 Qtrs
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$96.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.22M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.15M	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.40M	USD	2 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.46M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$16.96M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$11.21M	USD	2 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$5.61M	USD	1 Quarter
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`	$19.43M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$11.36M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.36M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$26.52M	USD	2 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$26.54M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$109.68M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-58.15M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-8.36M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$17.87M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.52M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.15M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-34.37M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.08M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-97.54M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-7.31M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-5.96M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$13.36M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-2.40M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$3.11M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-11.03M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$3.98M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.34M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.46M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$9.17M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$13.59M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$384.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$251.00K	USD	2 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$379.27M	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`	$11.23M	USD	2 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$727.00K	USD	2 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	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`	$-403.84M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.84M	USD	2 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	$347.10M	USD	2 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	$147.10M	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
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	$11.24M	USD	2 Qtrs
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	-	USD	2 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$872.00K	USD	2 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$2.83M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$21.84M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$10.34M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.55M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$2.24M	USD	2 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$5.96M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.77M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.72M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$162.45M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.26M	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-963.00K	USD	2 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$1.01M	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-217.01M	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.63M	USD	2 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$343.88M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$487.21M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$484.59M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$126.87M	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`	$484.59M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$126.87M	USD	Point-in-time

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Net income	`ProfitLoss`	$26.04M	USD	2 Qtrs
Net income	`ProfitLoss`	$46.62M	USD	2 Qtrs
Net income	`ProfitLoss`	$22.78M	USD	1 Quarter
Net income	`ProfitLoss`	$12.03M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$7.93M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.51M	USD	2 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.38M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.01M	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$47.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-19.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$25.00K	USD	2 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-38.00K	USD	2 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$865.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$2.83M	USD	2 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$1.60M	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$872.00K	USD	2 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$12.85M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.04M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$21.84M	USD	2 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.34M	USD	2 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-1.83M	USD	2 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$2.78M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$2.67M	USD	1 Quarter
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$1.85M	USD	2 Qtrs
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-10.00M	USD	1 Quarter
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-15.55M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.16M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.36M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.46M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.36M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.84B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$26.04M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$46.62M	USD	2 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$22.78M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$12.03M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.38M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.93M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.01M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.51M	USD	2 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$47.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-19.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$25.00K	USD	2 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-38.00K	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`	$17.35M	USD	1 Quarter
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$44.09M	USD	2 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$34.01M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.66M	USD	2 Qtrs
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`	$4.48M	USD	1 Quarter
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`	$12.87M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$9.73M	USD	1 Quarter
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$36.43M	USD	2 Qtrs

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