v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (including $113,889 and $153,144 Cash of consolidated joint ventures) $ 296,954 $ 466,388
Accounts receivable, net (including $303,583 and $337,270 Accounts receivable of consolidated joint ventures) 1,108,366 1,124,417
Contract assets (including $49,488 and $41,318 Contract assets of consolidated joint ventures) 951,578 915,806
Prepaid expenses and other current assets (including $13,043 and $11,145 Prepaid expenses and other current assets of consolidated joint ventures) 201,251 176,932
Assets held for sale 20,960 0
Total current assets 2,579,109 2,683,543
Property and Equipment, net (including $2,251 and $2,488 Property and equipment of consolidated joint ventures) 168,286 151,061
Right of use assets, operating leases (including $3,512 and $4,482 Right of use assets, operating leases of consolidated joint ventures) 157,932 126,770
Goodwill 2,421,589 2,186,650
Investments in and advances to unconsolidated joint ventures 174,764 148,640
Intangible assets, net 362,668 325,880
Deferred tax assets 59,830 88,191
Other noncurrent assets 61,059 58,799
Total assets 5,985,237 5,769,534
Current liabilities:    
Accounts payable (including $46,000 and $58,914 Accounts payable of consolidated joint ventures) 243,380 250,514
Accrued expenses and other current liabilities (including $186,050 and $195,747 Accrued expenses and other current liabilities of consolidated joint ventures) 968,905 884,445
Contract liabilities (including $35,706 and $44,802 Contract liabilities of consolidated joint ventures) 308,414 340,113
Short-term lease liabilities, operating leases (including $1,766 and $2,395 Short-term lease liabilities, operating leases of consolidated joint ventures) 38,742 45,353
Income taxes payable 260 11,239
Liabilities held for sale 57,415 0
Total current liabilities 1,617,116 1,531,664
Long-term employee incentives 27,528 30,834
Long-term debt 1,357,164 1,237,816
Long-term lease liabilities, operating leases (including $1,742 and $2,083 Long-term lease liabilities, operating leases of consolidated joint ventures) 133,244 94,044
Deferred tax liabilities 10,089 12,159
Other long-term liabilities 91,939 95,345
Total liabilities 3,237,080 3,001,862
Contingencies (Note 12)
Shareholders' equity:    
Common stock, $1 par value; authorized 1,000,000,000 shares; 144,239,300 and 145,676,335 shares issued; 57,002,408 and 56,103,965 public shares outstanding; 48,528,639 and 50,864,117 ESOP shares outstanding 144,239 145,676
Treasury stock, 38,708,253 shares at cost (793,002) (792,638)
Additional paid-in capital 2,564,768 2,648,730
Retained earnings 748,805 661,173
Accumulated other comprehensive loss (27,162) (20,921)
Total Parsons Corporation shareholders' equity 2,637,648 2,642,020
Noncontrolling interests 110,509 125,652
Total shareholders' equity 2,748,157 2,767,672
Total liabilities and shareholders' equity $ 5,985,237 $ 5,769,534