v3.25.2
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total Parsons Equity
Noncontrolling Interest
Beginning balance at Dec. 31, 2023 $ 2,376,715 $ 146,341 $ (827,311) $ 2,779,365 $ 203,724 $ (14,908) $ 2,287,211 $ 89,504
Comprehensive income                
Net income 135,712       108,922   108,922 26,790
Foreign currency translation gain (loss), net (4,172)         (4,184) (4,184) 12
Pension adjustments, net (47)         (47) (47)  
Contributions By Noncontrolling Interests 77             77
Distributions to noncontrolling interests (15,249)             (15,249)
Capped call transactions (66,121)     (66,121)     (66,121)  
Repurchase of warrants (104,952)     (104,952)     (104,952)  
Bond hedge termination 149,308     149,308     149,308  
Convertible debt inducement (147,105)     (147,105)     (147,105)  
Issuance of equity securities, net of retirement (15,197) 487   (5,678) (10,006)   (15,197)  
Repurchases of common stock (10,000) (131)   (9,869)     (10,000)  
Stock-based compensation 20,675     20,675     20,675  
Ending Balance at Jun. 30, 2024 2,319,644 146,697 (827,311) 2,615,623 302,640 (19,139) 2,218,510 101,134
Beginning balance at Mar. 31, 2024 2,243,157 146,717 (827,311) 2,612,762 234,366 (16,866) 2,149,668 93,489
Comprehensive income                
Net income 80,719       69,172   69,172 11,547
Foreign currency translation gain (loss), net (2,245)         (2,257) (2,257) 12
Pension adjustments, net (16)         (16) (16)  
Contributions By Noncontrolling Interests 77             77
Distributions to noncontrolling interests (3,991)             (3,991)
Issuance of equity securities, net of retirement 1,791 111   2,578 (898)   1,791  
Repurchases of common stock (10,000) (131)   (9,869)     (10,000)  
Stock-based compensation 10,152     10,152     10,152  
Ending Balance at Jun. 30, 2024 2,319,644 146,697 (827,311) 2,615,623 302,640 (19,139) 2,218,510 101,134
Beginning balance at Dec. 31, 2024 2,534,489 146,655 (815,282) 2,684,829 426,781 (26,594) 2,416,389 118,100
Comprehensive income                
Net income 152,276       121,433   121,433 30,843
Foreign currency translation gain (loss), net 8,468         8,458 8,458 10
Pension adjustments, net 69         69 69  
Contributions By Noncontrolling Interests 1,841             1,841
Distributions to noncontrolling interests (45,054)             (45,054)
Issuance of equity securities, net of retirement (13,409) 664   (7,824) (6,249)   (13,409)  
Repurchases of common stock (39,995) (643)   (39,352)     (39,995)  
Stock-based compensation 22,926     22,926     22,926  
Ending Balance at Jun. 30, 2025 2,621,611 146,676 (815,282) 2,660,579 541,965 (18,067) 2,515,871 105,740
Beginning balance at Mar. 31, 2025 2,545,732 146,704 (815,282) 2,660,487 487,625 (25,740) 2,453,794 91,938
Comprehensive income                
Net income 70,489       55,230   55,230 15,259
Foreign currency translation gain (loss), net 7,619         7,611 7,611 8
Pension adjustments, net 62         62 62  
Contributions By Noncontrolling Interests 1,581             1,581
Distributions to noncontrolling interests (3,046)             (3,046)
Issuance of equity securities, net of retirement 2,226 191   2,925 (890)   2,226  
Repurchases of common stock (15,000) (219)   (14,781)     (15,000)  
Stock-based compensation 11,948     11,948     11,948  
Ending Balance at Jun. 30, 2025 $ 2,621,611 $ 146,676 $ (815,282) $ 2,660,579 $ 541,965 $ (18,067) $ 2,515,871 $ 105,740