v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Current assets:      
Cash and cash equivalents (including $78,952 and $202,120 Cash of consolidated joint ventures) $ 411,327   $ 453,548
Accounts receivable, net (including $342,214 and $251,676 Accounts receivable of consolidated joint ventures) 1,167,841   1,100,396
Contract assets (including $8,229 and $7,906 Contract assets of consolidated joint ventures) 836,366   741,504
Prepaid expenses and other current assets (including $15,697 and $14,722 Prepaid expenses and other current assets of consolidated joint ventures) 178,361   166,952
Total current assets 2,593,895   2,462,400
Property and Equipment, net (including $2,489 and $2,970 Property and equipment of consolidated joint ventures) 122,737   111,575
Right of use assets, operating leases (including $5,050 and $5,726 Right of use assets, operating leases of consolidated joint ventures) 139,985   153,048
Goodwill 2,161,939   2,082,680
Investments in and advances to unconsolidated joint ventures 150,721   138,759
Intangible assets, net 361,303   349,937
Deferred tax assets 134,142   133,450
Other noncurrent assets 56,443   56,113
Total assets 5,721,165   5,487,962
Current liabilities:      
Accounts payable (including $52,267 and $28,214 Accounts payable of consolidated joint ventures) 288,483   207,589
Accrued expenses and other current liabilities (including $196,814 and $198,797 Accrued expenses and other current liabilities of consolidated joint ventures) 847,845   894,425
Contract liabilities (including $68,462 and $66,144 Contract liabilities of consolidated joint ventures) 320,295   289,799
Short-term lease liabilities, operating leases (including $3,104 and $3,522 Short-term lease liabilities, operating leases of consolidated joint ventures) 52,763   52,725
Income taxes payable 13,455   7,701
Short Term Debt 84,919   463,405
Total current liabilities 1,607,760   1,915,644
Long-term employee incentives 26,064   31,818
Long-term debt 1,235,584   784,096
Long-term lease liabilities, operating leases (including $1,944 and $2,203 Long-term lease liabilities, operating leases of consolidated joint ventures) 100,218   114,386
Deferred tax liabilities 19,287   11,043
Other long-term liabilities 110,641   96,486
Total liabilities 3,099,554   2,953,473
Contingencies (Note 12)  
Shareholders' equity:      
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,676,400 and 146,656,225 shares issued; 54,689,434 and 52,657,447 public shares outstanding ;52,106,902 and 54,117,904 ESOP shares outstanding 146,676   146,655
Treasury stock, 40,501,385 shares at cost (815,282)   (815,282)
Additional paid-in capital 2,660,579   2,684,829
Retained earnings 541,965   426,781
Accumulated other comprehensive loss (18,067)   (26,594)
Total Parsons Corporation shareholders' equity 2,515,871   2,416,389
Noncontrolling interests 105,740   118,100
Total shareholders' equity 2,621,611 $ 2,545,732 2,534,489
Total liabilities and shareholders' equity $ 5,721,165   $ 5,487,962