10-Q Filing

PARSONS CORP CIK: 275880 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001564590-22-036205`
Period End Date	20220930
Filing Date	20221102
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	psn-10q_20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 101 Income Statement 64 Cash Flow Statement 92 Stockholders Equity 43 Comprehensive Income 24

Balance Sheet 101 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (including $62,544 and $78,514 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$147.54M	USD	Point-in-time
Cash and cash equivalents (including $62,544 and $78,514 Cash of consolidated joint ventures)	`CashAndCashEquivalentsAtCarryingValue`	$342.61M	USD	Point-in-time
Restricted cash and investments	`RestrictedCashAndInvestmentsCurrent`	$1.27M	USD	Point-in-time
Accounts receivable, net (including $187,482 and $140,266 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$710.72M	USD	Point-in-time
Accounts receivable, net (including $187,482 and $140,266 Accounts receivable of consolidated joint ventures, net)	`AccountsReceivableNetCurrent`	$598.31M	USD	Point-in-time
Contract assets (including $11,665 and $8,779 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$642.26M	USD	Point-in-time
Contract assets (including $11,665 and $8,779 Contract assets of consolidated joint ventures)	`ContractWithCustomerAssetNetCurrent`	$579.22M	USD	Point-in-time
Prepaid expenses and other current assets (including $6,870 and $18,783 Prepaid expenses and other current assets of consolidated joint ventures)	`PrepaidExpenseAndOtherAssetsCurrent`	$110.27M	USD	Point-in-time
Prepaid expenses and other current assets (including $6,870 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`	$1.61B	USD	Point-in-time
Property and equipment, net (including $1,987 and $1,721 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$104.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$342.61M	USD	Point-in-time
Property and equipment, net (including $1,987 and $1,721 Property and equipment of consolidated joint ventures, net)	`PropertyPlantAndEquipmentNet`	$94.52M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$161.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$710.72M	USD	Point-in-time
Right of use assets, operating leases	`OperatingLeaseRightOfUseAsset`	$182.67M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$598.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.66B	USD	Point-in-time
Goodwill	`Goodwill`	$1.41B	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$642.26M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$579.22M	USD	Point-in-time
Investments in and advances to unconsolidated joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$99.42M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$110.27M	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`	$110.69M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$207.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$104.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$273.44M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$196.29M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$134.39M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$139.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$200.85M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$682.68M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$46.13M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$599.09M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$54.21M	USD	Point-in-time
Total assets	`Assets`	$3.83B	USD	Point-in-time
Total assets	`Assets`	$4.09B	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$171.67M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$197.75M	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
Common stock, shares, issued	`CommonStockSharesIssued`	146.28M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	146.09M	shares	Point-in-time
Accounts payable (including $61,545 and $78,558 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$196.29M	USD	Point-in-time
Accounts payable (including $61,545 and $78,558 Accounts payable of consolidated joint ventures)	`AccountsPayableCurrent`	$200.85M	USD	Point-in-time
Accrued expenses and other current liabilities (including $83,831 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$682.68M	USD	Point-in-time
Accrued expenses and other current liabilities (including $83,831 and $82,746 Accrued expenses and other current liabilities of consolidated joint ventures)	`AccruedExpensesAndOtherCurrentLiabilities`	$599.09M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	39.33M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	33.33M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42.62M	shares	Point-in-time
Contract liabilities (including $18,376 and $14,333 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$171.67M	USD	Point-in-time
Contract liabilities (including $18,376 and $14,333 Contract liabilities of consolidated joint ventures)	`ContractWithCustomerLiabilityCurrent`	$197.75M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42.62M	shares	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$55.90M	USD	Point-in-time
Short-term lease liabilities, operating leases	`OperatingLeaseLiabilityCurrent`	$59.06M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$9.15M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$7.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15B	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`	$15.64M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$694.72M	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`	$121.17M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$10.41M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$11.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$98.48M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$94.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.09B	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; 146,087,771 and 146,276,880 shares issued; 39,326,392 and 33,331,494 public shares outstanding; 64,144,230 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; 146,087,771 and 146,276,880 shares issued; 39,326,392 and 33,331,494 public shares outstanding; 64,144,230 and 70,328,237 ESOP shares outstanding	`CommonStockValue`	$146.09M	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
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$15.01M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-53.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.57M	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.95B	USD	Point-in-time
Total Parsons Corporation shareholders' equity	`StockholdersEquity`	$1.90B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$52.03M	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`	$1.85B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$3.83B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$4.09B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.09B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$956.05M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.13B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.71B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$2.39B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$734.65M	USD	1 Quarter
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$2.08B	USD	3 Qtrs
Direct cost of contracts	`CostOfGoodsAndServicesSold`	$872.42M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-974.00K	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$26.53M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.57M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$10.24M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$566.99M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$196.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$581.97M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$191.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$64.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$39.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$85.58M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$132.33M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$315.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$382.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$65.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$618.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.50M	USD	3 Qtrs
Interest expense	`InterestExpense`	$14.79M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.05M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.20M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-685.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-304.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$184.00K	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-3.80M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-14.47M	USD	3 Qtrs
Total other income (expense)	`OtherIncomeExpense`	$-6.63M	USD	1 Quarter
Total other income (expense)	`OtherIncomeExpense`	$-14.39M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$71.19M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$117.86M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$57.39M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.93M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$13.79M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.16M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$18.38M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$27.64M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$90.22M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$43.59M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$52.81M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$26.77M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.41M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$21.68M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$17.71M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.02M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$35.10M	USD	3 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$68.53M	USD	3 Qtrs
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$19.36M	USD	1 Quarter
Net income attributable to Parsons Corporation	`NetIncomeLoss`	$29.57M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.66	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.34	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.62	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.33	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$90.22M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$43.59M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$52.81M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$26.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$90.67M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$29.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$106.54M	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$1.96M	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$2.17M	USD	3 Qtrs
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-357.00K	USD	3 Qtrs
(Gain) loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$261.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$8.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.37M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.33M	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.50M	USD	3 Qtrs
Foreign currency transaction gains and losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.11M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$-974.00K	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$26.53M	USD	3 Qtrs
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$9.57M	USD	1 Quarter
Equity in earnings of unconsolidated joint ventures	`IncomeLossFromEquityMethodInvestments`	$10.24M	USD	3 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$25.63M	USD	3 Qtrs
Return on investments in unconsolidated joint ventures	`EquityMethodInvestmentDividendsOrDistributions`	$20.55M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$14.99M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$15.54M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$41.98M	USD	3 Qtrs
Contributions of treasury stock	`OtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$41.31M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-70.36M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$90.91M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-13.26M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$62.86M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$19.60M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.77M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-39.34M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-918.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-86.40M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$20.22M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$26.66M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-16.29M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$1.16M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-498.00K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-17.27M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-5.87M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.71M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$148.37M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$19.78M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.80M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.05M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$573.00K	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$197.67M	USD	3 Qtrs
Payments for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$379.27M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$13.64M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$36.10M	USD	3 Qtrs
Return of investments in unconsolidated joint ventures	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$9.44M	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`	$14.34M	USD	3 Qtrs
Proceeds from sales of investments in unconsolidated joint ventures	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-230.46M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-402.68M	USD	3 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	$680.90M	USD	3 Qtrs
Proceeds from borrowings under credit agreement	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Repayments of borrowings under credit agreement	`RepaymentsOfLinesOfCredit`	$579.70M	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`	$870.00K	USD	3 Qtrs
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	$11.24M	USD	3 Qtrs
Payments for acquired warrants	`PaymentsForRepurchaseOfWarrants`	-	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$1.69M	USD	3 Qtrs
Contributions by noncontrolling interests	`ProceedsFromMinorityShareholders`	$8.30M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$37.25M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$14.29M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.70M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$19.50M	USD	3 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$2.24M	USD	3 Qtrs
Taxes paid on vested stock	`PaymentsForTaxesPaidOnVestedStock`	$6.13M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.72M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.77M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-95.67M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.19M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-2.22M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$-97.00K	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-196.34M	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-210.51M	USD	3 Qtrs
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$276.70M	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`	$147.54M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$276.70M	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`	$147.54M	USD	Point-in-time

Stockholders Equity 43 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`	$1.85B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time
Net income	`ProfitLoss`	$90.22M	USD	3 Qtrs
Net income	`ProfitLoss`	$43.59M	USD	1 Quarter
Net income	`ProfitLoss`	$52.81M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.77M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$3.72M	USD	3 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-7.13M	USD	1 Quarter
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-9.64M	USD	3 Qtrs
Foreign currency translation gain (loss), net	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-4.21M	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$26.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$93.00K	USD	3 Qtrs
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$68.00K	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-12.00K	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$816.00K	USD	1 Quarter
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$8.30M	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$1.69M	USD	3 Qtrs
Contributions	`MinorityInterestIncreaseDecreaseFromContributionsToNoncontrollingInterestHolders`	$5.47M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$15.41M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$14.29M	USD	3 Qtrs
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.95M	USD	1 Quarter
Distributions	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$37.25M	USD	3 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-2.00M	USD	3 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$1.85M	USD	3 Qtrs
Issuance of equity securities, net of retirements	`StockIssuedDuringPeriodValueNewIssues`	$-175.00K	USD	1 Quarter
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-8.70M	USD	1 Quarter
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-3.95M	USD	1 Quarter
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-19.50M	USD	3 Qtrs
Repurchases of common stock	`AdjustmentsToAdditionalPaidInCapitalRepurchasesOfCommonStock`	$-8.70M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.54M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.18M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.63M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.99M	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interests	`ProfitLoss`	$90.22M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$43.59M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$52.81M	USD	3 Qtrs
Net income including noncontrolling interests	`ProfitLoss`	$26.77M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.21M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.64M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.72M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.13M	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$26.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$93.00K	USD	3 Qtrs
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$68.00K	USD	1 Quarter
Pension adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-12.00K	USD	3 Qtrs
Comprehensive income including noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$36.39M	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`	$80.48M	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`	$21.67M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$14.01M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$17.71M	USD	3 Qtrs
Comprehensive income attributable to Parsons Corporation, net of tax	`ComprehensiveIncomeNetOfTax`	$58.81M	USD	3 Qtrs
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`	$22.38M	USD	1 Quarter
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.