v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (including $90,488 and $153,144 Cash of consolidated joint ventures) $ 283,921 $ 466,388
Accounts receivable, net (including $323,655 and $337,270 Accounts receivable of consolidated joint ventures) 1,096,575 1,124,417
Contract assets (including $38,585 and $41,318 Contract assets of consolidated joint ventures) 1,021,848 915,806
Prepaid expenses and other current assets (including $16,139 and $11,145 Prepaid expenses and other current assets of consolidated joint ventures) 191,796 176,932
Total current assets 2,594,140 2,683,543
Property and Equipment, net (including $2,462 and $2,488 Property and equipment of consolidated joint ventures) 154,586 151,061
Right of use assets, operating leases (including $3,895 and $4,482 Right of use assets, operating leases of consolidated joint ventures) 151,669 126,770
Goodwill 2,423,561 2,186,650
Investments in and advances to unconsolidated joint ventures 162,296 148,640
Intangible assets, net 407,859 325,880
Deferred tax assets 60,254 88,191
Other noncurrent assets 57,743 58,799
Total assets 6,012,108 5,769,534
Current liabilities:    
Accounts payable (including $21,234 and $58,914 Accounts payable of consolidated joint ventures) 232,588 250,514
Accrued expenses and other current liabilities (including $191,847 and $195,747 Accrued expenses and other current liabilities of consolidated joint ventures) 831,532 884,445
Contract liabilities (including $48,749 and $44,802 Contract liabilities of consolidated joint ventures) 359,760 340,113
Short-term lease liabilities, operating leases (including $2,004 and $2,395 Short-term lease liabilities, operating leases of consolidated joint ventures) 42,760 45,353
Income taxes payable 12,903 11,239
Total current liabilities 1,479,543 1,531,664
Long-term employee incentives 27,870 30,834
Long-term debt 1,512,921 1,237,816
Long-term lease liabilities, operating leases (including $1,888 and $2,083 Long-term lease liabilities, operating leases of consolidated joint ventures) 121,309 94,044
Deferred tax liabilities 11,900 12,159
Other long-term liabilities 104,408 95,345
Total liabilities 3,257,951 3,001,862
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 145,677,597 and 145,676,335 shares issued; 56,923,103 and 56,103,965 public shares outstanding; 50,046,241 and 50,864,117 ESOP shares outstanding 145,678 145,676
Treasury stock, 38,708,253 shares at cost (793,002) (792,638)
Additional paid-in capital 2,610,651 2,648,730
Retained earnings 709,725 661,173
Accumulated other comprehensive loss (23,439) (20,921)
Total Parsons Corporation shareholders' equity 2,649,613 2,642,020
Noncontrolling interests 104,544 125,652
Total shareholders' equity 2,754,157 2,767,672
Total liabilities and shareholders' equity $ 6,012,108 $ 5,769,534