v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (including $153,144 and $202,121 Cash of consolidated joint ventures) $ 466,388 $ 453,548
Accounts receivable, net (including $337,270 and $294,700 Accounts receivable of consolidated joint ventures) 1,124,417 1,100,396
Contract assets (including $41,318 and $7,906 Contract assets of consolidated joint ventures) 915,806 741,504
Prepaid expenses and other current assets (including $11,145 and $14,723 Prepaid expenses and other current assets of consolidated joint ventures) 176,932 166,952
Total current assets 2,683,543 2,462,400
Property and Equipment, net (including $2,488 and $2,971 Property and equipment of consolidated joint ventures) 151,061 111,575
Right of use assets, operating leases (including $4,482 and $5,726 Right of use assets, operating leases of consolidated joint ventures) 126,770 153,048
Goodwill 2,186,650 2,082,680
Investments in and advances to unconsolidated joint ventures 148,640 138,759
Intangible assets, net 325,880 349,937
Deferred tax assets 88,191 133,450
Other noncurrent assets 58,799 56,113
Total assets 5,769,534 5,487,962
Current liabilities:    
Accounts payable (including $58,914 and $28,214 Accounts payable of consolidated joint ventures) 250,514 207,589
Accrued expenses and other current liabilities (including $195,747 and $198,797 Accrued expenses and other current liabilities of consolidated joint ventures) 884,445 894,425
Contract liabilities (including $44,802 and $66,144 Contract liabilities of consolidated joint ventures) 340,113 289,799
Short-term lease liabilities, operating leases (including $2,395 and $3,522 Short-term lease liabilities, operating leases of consolidated joint ventures) 45,353 52,725
Income taxes payable 11,239 7,701
Short Term debt 0 463,405
Total current liabilities 1,531,664 1,915,644
Long-term employee incentives 30,834 31,818
Long-term debt 1,237,816 784,096
Long-term lease liabilities, operating leases (including $2,083 and $2,203 Long-term lease liabilities, operating leases of consolidated joint ventures) 94,044 114,386
Deferred tax liabilities 12,159 11,043
Other long-term liabilities 95,345 96,486
Total liabilities 3,001,862 2,953,473
Contingencies (Note 14)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 145,676,335 and 146,656,225 shares issued; 56,103,965 and 52,657,447 public shares outstanding; 50,864,117 and 54,117,904 ESOP shares outstanding 145,676 146,655
Treasury stock, 38,708,253 shares at cost (792,638) (815,282)
Additional paid-in capital 2,648,730 2,684,829
Retained earnings 661,173 426,781
Accumulated other comprehensive loss (20,921) (26,594)
Total Parsons Corporation shareholders' equity 2,642,020 2,416,389
Noncontrolling interests 125,652 118,100
Total shareholders' equity 2,767,672 2,534,489
Total liabilities and shareholders' equity $ 5,769,534 $ 5,487,962