| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | |
|---|---|---|---|---|---|---|
Assets | ||||||
Current assets: | ||||||
Cash and cash equivalents (including $43,227 and $51,171 Cash of consolidated joint ventures) | ||||||
119 | 182 | 133 | 202 | 121 | 280 | |
Restricted cash and investments | ||||||
7 | 12 | 12 | 8 | 9 | 0 | |
Accounts receivable, net (including $202,462 and $166,355 Accounts receivable of consolidated joint ventures, net) | ||||||
758 | 671 | 673 | 734 | 651 | 623 | |
Contract assets (including $27,081 and $26,458 Contract assets of consolidated joint ventures) | ||||||
626 | 575 | 583 | 576 | 571 | 515 | |
Prepaid expenses and other current assets (including $11,587 and $11,182 Prepaid expenses and other current assets of consolidated joint ventures) | ||||||
90 | 84 | 70 | 73 | 77 | 69 | |
Total current assets | ||||||
1,601 | 1,526 | 1,474 | 1,595 | 1,431 | 1,488 | |
Property and equipment, net (including $2,752 and $2,945 Property and equipment of consolidated joint ventures, net) | ||||||
124 | 122 | 109 | 100 | 97 | 91 | |
Right of use assets, operating leases | ||||||
231 | 233 | 219 | 212 | 216 | - | |
Goodwill | ||||||
1,044 | 1,047 | 1,050 | 922 | 921 | 736 | |
Investments in and advances to unconsolidated joint ventures | ||||||
65 | 68 | 66 | 73 | 67 | 63 | |
Intangible assets, net | ||||||
237 | 259 | 281 | 229 | 250 | 179 | |
Deferred tax assets | ||||||
124 | 130 | 111 | 70 | 4 | 5 | |
Other noncurrent assets | ||||||
59 | 61 | 50 | 50 | 43 | 46 | |
Total assets | ||||||
3,488 | 3,450 | 3,362 | 3,255 | 3,032 | 2,612 | |
Liabilities and Shareholders' Equity (Deficit) | ||||||
Current liabilities: | ||||||
Accounts payable (including $89,974 and $85,869 Accounts payable of consolidated joint ventures) | ||||||
235 | 216 | 226 | 227 | 203 | 226 | |
Accrued expenses and other current liabilities (including $90,632 and $74,857 Accrued expenses and other current liabilities of consolidated joint ventures) | ||||||
625 | 639 | 639 | 602 | 547 | 559 | |
Contract liabilities (including $39,217 and $32,638 Contract liabilities of consolidated joint ventures) | ||||||
241 | 230 | 231 | 222 | 225 | 208 | |
Short-term lease liabilities, operating leases | ||||||
47 | 49 | 49 | 51 | 53 | - | |
Income taxes payable | ||||||
1 | 7 | 9 | 5 | 9 | 11 | |
Short-term notes payable | ||||||
- | - | - | - | 149 | - | |
Total current liabilities | ||||||
1,151 | 1,144 | 1,156 | 1,109 | 1,188 | 1,006 | |
Long-term employee incentives | ||||||
21 | 56 | 45 | 54 | 29 | 41 | |
Deferred gain resulting from sale-leaseback transactions | ||||||
- | - | 0 | 0 | 0 | 46 | |
Long-term debt | ||||||
314 | 249 | 249 | 249 | 509 | 429 | |
Long-term lease liabilities, operating leases | ||||||
206 | 203 | 188 | 178 | 181 | 0 | |
Deferred tax liabilities | ||||||
9 | 9 | 7 | 6 | 7 | 6 | |
Other long-term liabilities | ||||||
118 | 125 | 120 | 118 | 111 | 127 | |
Total liabilities | ||||||
1,821 | 1,789 | 1,768 | 1,717 | 2,028 | 1,657 | |
Redeemable common stock held by Employee Stock Ownership Plan (ESOP), $1 par value; 78,172,809 and 0 shares outstanding, recorded at redemption value | ||||||
- | - | 2,577 | 2,880 | 1,875 | 1,876 | |
Shareholders' equity (deficit): | ||||||
Common stock, $1 par value; authorized 1,000,000,000 shares; 146,440,701 and 146,440,701 shares issued; 22,271,174 and 21,772,888 public shares outstanding; 78,398,520 and 78,896,806 ESOP shares outstanding | ||||||
146 | 146 | 21 | 21 | - | - | |
Treasury stock, 45,771,008 shares at cost | ||||||
934 | 934 | 957 | 957 | 957 | 957 | |
Additional paid-in capital | ||||||
2,652 | 2,649 | 8 | - | - | - | |
Accumulated deficit | ||||||
-206 | -218 | -64 | -424 | 75 | 12 | |
Accumulated other comprehensive loss | ||||||
-23 | -14 | -17 | -18 | -20 | -22 | |
Total Parsons Corporation shareholders' equity | ||||||
1,635 | 1,629 | -1,010 | -1,379 | -902 | -967 | |
Noncontrolling interests | ||||||
32 | 30 | 28 | 37 | 31 | 46 | |
Total shareholders' equity | ||||||
1,667 | 1,660 | -982 | -1,342 | -870 | -921 | |
Total liabilities, redeemable common stock and shareholders' equity | ||||||
3,488 | 3,450 | 3,362 | 3,255 | 3,032 | 2,612 | |