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$51.56+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine Months Ended | ||
|---|---|---|
| September 30, 2026 · September 30, 2025 | ||
| Cash flows from operating activities: | ||
| Net income including noncontrolling interests | $132,157 | $234,070 |
| Adjustments to reconcile net income to net cash used in operating activities | ||
| Depreciation and amortization | 106,681 | 85,844 |
| Amortization of debt issue costs | 3,669 | 3,834 |
| Loss (gain) on disposal of property and equipment | 798 | 187 |
| Loss (gain) on sale of business | (19,300) | - |
| Deferred taxes | 3,167 | 27,841 |
| Foreign currency transaction gains and losses | 2,240 | (5,327) |
| Equity in losses (earnings) of unconsolidated joint ventures | 20,350 | (6,937) |
| Return on investments in unconsolidated joint ventures | 21,123 | 26,562 |
| Stock-based compensation | 34,713 | 32,726 |
| Contributions of treasury stock | 59,789 | 54,023 |
| Changes in assets and liabilities, net of acquisitions | ||
| Accounts receivable | 32,775 | (90,740) |
| Contract assets | (51,178) | (70,659) |
| Prepaid expenses and other assets | (31,874) | (17,249) |
| Accounts payable | (10,647) | 45,365 |
| Accrued expenses and other current liabilities | 22,425 | (47,559) |
| Contract liabilities | 26,788 | 39,497 |
| Income taxes | (12,059) | 3,713 |
| Other long-term liabilities | (18,998) | (4,327) |
| Net cash provided by operating activities | 322,619 | 310,864 |
| Cash flows from investing activities: | ||
| Capital expenditures | (48,961) | (36,030) |
| Proceeds from sale of property and equipment | - | 35 |
| Proceeds from sale of business | 23,966 | - |
| Payments for acquisitions, net of cash acquired | (330,123) | (118,294) |
| Investments in unconsolidated joint ventures | (79,176) | (62,383) |
| Return of investments in unconsolidated joint ventures | 7,537 | 28,358 |
| Net cash used in investing activities | (426,757) | (188,314) |
| Cash flows from financing activities: | ||
| Proceeds from borrowings under revolving credit facility | 569,300 | 243,700 |
| Repayments of borrowings under revolving credit facility | (453,300) | (243,700) |
| Repurchases of convertible notes due 2025 | - | (113,405) |
| Proceeds from term loan | - | 450,000 |
| Repayment of delayed draw term loan | - | (350,000) |
| Payments for debt issuance costs | - | (2,571) |
| Contributions by noncontrolling interests | 504 | 1,503 |
| Distributions to noncontrolling interests | (55,945) | (62,827) |
| Repurchases of common stock | (109,987) | (64,994) |
| Taxes paid on vested stock | (20,412) | (18,958) |
| Redemption of warrants | (4) | - |
| Proceeds from issuance of common stock | 5,700 | 4,796 |
| Net cash used in financing activities | (64,144) | (156,456) |
| Effect of exchange rate changes | (1,152) | 2,912 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (169,434) | (30,994) |
| Cash, cash equivalents and restricted cash: | ||
| Beginning of year | 466,388 | 453,548 |
| End of period | $296,954 | $422,554 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.