PARSONS CORP
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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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, 2026 · Filed Oct 28, 2026
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, 2026 · December 31, 2025 | ||
|---|---|---|
| Assets | ||
| 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 | - |
| 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 |
| Liabilities and Shareholders' Equity | ||
| 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 | - |
| 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 |
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