v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (including $79,806 and $153,144 Cash of consolidated joint ventures) $ 266,044 $ 466,388
Accounts receivable, net (including $356,033 and $337,270 Accounts receivable of consolidated joint ventures) 1,146,226 1,124,417
Contract assets (including $48,953 and $41,318 Contract assets of consolidated joint ventures) 1,062,280 915,806
Prepaid expenses and other current assets (including $16,942 and $11,145 Prepaid expenses and other current assets of consolidated joint ventures) 228,495 176,932
Assets held for sale 17,233 0
Total current assets 2,720,278 2,683,543
Property and Equipment, net (including $2,334 and $2,488 Property and equipment of consolidated joint ventures) 159,507 151,061
Right of use assets, operating leases (including $3,744 and $4,482 Right of use assets, operating leases of consolidated joint ventures) 147,854 126,770
Goodwill 2,421,427 2,186,650
Investments in and advances to unconsolidated joint ventures 153,328 148,640
Intangible assets, net 384,179 325,880
Deferred tax assets 61,077 88,191
Other noncurrent assets 59,296 58,799
Total assets 6,106,946 5,769,534
Current liabilities:    
Accounts payable (including $49,525 and $58,914 Accounts payable of consolidated joint ventures) 246,895 250,514
Accrued expenses and other current liabilities (including $184,251 and $195,747 Accrued expenses and other current liabilities of consolidated joint ventures) 940,534 884,445
Contract liabilities (including $44,283 and $44,802 Contract liabilities of consolidated joint ventures) 346,576 340,113
Short-term lease liabilities, operating leases (including $2,041 and $2,395 Short-term lease liabilities, operating leases of consolidated joint ventures) 40,308 45,353
Income taxes payable 2,102 11,239
Liabilities held for sale 60,725 0
Total current liabilities 1,637,140 1,531,664
Long-term employee incentives 26,923 30,834
Long-term debt 1,474,048 1,237,816
Long-term lease liabilities, operating leases (including $1,699 and $2,083 Long-term lease liabilities, operating leases of consolidated joint ventures) 120,296 94,044
Deferred tax liabilities 10,076 12,159
Other long-term liabilities 90,694 95,345
Total liabilities 3,359,177 3,001,862
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 145,506,001 and 145,676,335 shares issued; 57,556,643 and 56,103,965 public shares outstanding; 49,241,105 and 50,864,117 ESOP shares outstanding 145,506 145,676
Treasury stock, 38,708,253 shares at cost (793,002) (792,638)
Additional paid-in capital 2,611,828 2,648,730
Retained earnings 694,530 661,173
Accumulated other comprehensive loss (27,443) (20,921)
Total Parsons Corporation shareholders' equity 2,631,419 2,642,020
Noncontrolling interests 116,350 125,652
Total shareholders' equity 2,747,769 2,767,672
Total liabilities and shareholders' equity $ 6,106,946 $ 5,769,534