PARSONS CORP
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
PSN$51.49+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share information)
| September 30, 2025 · December 31, 2024 | ||
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents (including $91,469 and $202,121 Cash of consolidated joint ventures) | $422,554 | $453,548 |
| Accounts receivable, net (including $397,196 and $294,700 Accounts receivable of consolidated joint ventures) | 1,223,904 | 1,100,396 |
| Contract assets (including $9,197 and $7,906 Contract assets of consolidated joint ventures) | 822,487 | 741,504 |
| Prepaid expenses and other current assets (including $17,208 and $14,723 Prepaid expenses and other current assets of consolidated joint ventures) | 180,100 | 166,952 |
| Total current assets | 2,649,045 | 2,462,400 |
| Property and Equipment, net (including $2,800 and $2,971 Property and equipment of consolidated joint ventures) | 125,867 | 111,575 |
| Right of use assets, operating leases (including $4,208 and $5,726 Right of use assets, operating leases of consolidated joint ventures) | 133,535 | 153,048 |
| Goodwill | 2,163,469 | 2,082,680 |
| Investments in and advances to unconsolidated joint ventures | 156,421 | 138,759 |
| Intangible assets, net | 339,426 | 349,937 |
| Deferred tax assets | 106,921 | 133,450 |
| Other noncurrent assets | 62,033 | 56,113 |
| Total assets | $5,736,717 | $5,487,962 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Accounts payable (including $36,515 and $28,214 Accounts payable of consolidated joint ventures) | $271,415 | $207,589 |
| Accrued expenses and other current liabilities (including $213,246 and $198,797 Accrued expenses and other current liabilities of consolidated joint ventures) | 912,138 | 894,425 |
| Contract liabilities (including $57,327 and $66,144 Contract liabilities of consolidated joint ventures) | 343,509 | 289,799 |
| Short-term lease liabilities, operating leases (including $2,516 and $3,522 Short-term lease liabilities, operating leases of consolidated joint ventures) | 49,514 | 52,725 |
| Income taxes payable | 11,375 | 7,701 |
| Short Term Debt | - | 463,405 |
| Total current liabilities | 1,587,951 | 1,915,644 |
| Long-term employee incentives | 29,838 | 31,818 |
| Long-term debt | 1,236,700 | 784,096 |
| Long-term lease liabilities, operating leases (including $1,689 and $2,203 Long-term lease liabilities, operating leases of consolidated joint ventures) | 97,673 | 114,386 |
| Deferred tax liabilities | 17,665 | 11,043 |
| Other long-term liabilities | 102,250 | 96,486 |
| Total liabilities | $3,072,077 | $2,953,473 |
| Contingencies (Note 12) | ||
| Shareholders' equity: | ||
| Common stock, $1 par value; authorized 1,000,000,000 shares; 146,368,908 and 146,656,225 shares issued; 55,535,089 and 52,657,447 public shares outstanding; 50,952,945 and 54,117,904 ESOP shares outstanding | $146,369 | $146,655 |
| Treasury stock, 39,880,875 shares at cost | (815,282) | (815,282) |
| Additional paid-in capital | 2,645,230 | 2,684,829 |
| Retained earnings | 605,795 | 426,781 |
| Accumulated other comprehensive loss | (24,282) | (26,594) |
| Total Parsons Corporation shareholders' equity | 2,557,830 | 2,416,389 |
| Noncontrolling interests | 106,810 | 118,100 |
| Total shareholders' equity | 2,664,640 | 2,534,489 |
| Total liabilities and shareholders' equity | $5,736,717 | $5,487,962 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.