Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Parsons.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 25, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.75B | $5.44B | $4.20B | $3.66B | $3.92B | $3.95B | $3.56B | $3.02B | $3.04B | $3.22B |
| Cost of Revenue | $5.34B | $4.24B | $3.25B | $2.81B | $3.04B | $3.12B | $2.80B | $2.40B | $2.43B | $2.54B |
| Gross Profit | $1.41B | $1.21B | $946.72M | $852.82M | $876.86M | $831.75M | $765.50M | $616.87M | $608.00M | $683.11M |
| Gross Profit Ratio | 20.83% | 22.16% | 22.57% | 23.30% | 22.37% | 21.03% | 21.50% | 20.45% | 20.01% | 21.22% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $36.15M | $24.35M | $757.24M | $729.10M | $781.41M | $597.41M | $506.25M | $522.92M | $542.07M |
| Selling and Marketing Expenses | $- | $829.55M | $753.05M | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $955.00M | $869.90M | $777.40M | $757.24M | $729.10M | $781.41M | $597.41M | $506.25M | $522.92M | $542.07M |
| Other Expenses | $23.36M | $47.75M | $2.77M | $-2.56M | $3.77M | $-2.39M | $-1.65M | $5.66M | $1.34M | $-5.42M |
| Operating Expenses | $978.36M | $917.66M | $777.40M | $757.24M | $729.10M | $781.41M | $597.41M | $506.25M | $522.92M | $536.65M |
| Cost and Expenses | $6.32B | $5.15B | $4.03B | $3.57B | $3.77B | $3.90B | $3.39B | $2.91B | $2.95B | $3.07B |
| Interest Income | $11.43M | $2.19M | $966.00K | $396.00K | $787.00K | $1.30M | $2.71M | $2.46M | $1.19M | $- |
| Interest Expense | $51.58M | $31.50M | $23.18M | $17.70M | $20.96M | $23.73M | $20.84M | $15.80M | $16.51M | $-15.64M |
| Depreciation and Amortization | $99.25M | $119.97M | $120.50M | $144.21M | $127.98M | $125.70M | $69.87M | $35.20M | $42.16M | $-60.06M |
| EBITDA | $518.48M | $415.52M | $309.91M | $274.49M | $310.35M | $216.67M | $244.16M | $145.81M | $139.64M | $86.40M |
| EBITDA Ratio | 7.68% | 7.63% | 7.39% | 7.50% | 7.92% | 5.48% | 6.86% | 4.83% | 4.59% | 2.68% |
| Operating Income | $428.07M | $288.36M | $185.67M | $132.45M | $177.81M | $92.06M | $205.01M | $150.70M | $35.41M | $146.46M |
| Operating Income Ratio | 6.34% | 5.30% | 4.43% | 3.62% | 4.54% | 2.33% | 5.76% | 5.00% | 1.17% | 4.55% |
| Total Other Income Expenses Net | $-60.41M | $-24.30M | $-19.44M | $-19.86M | $-16.40M | $-24.82M | $54.80M | $-17.70M | $-23.40M | $-18.32M |
| Income Before Tax | $367.65M | $264.05M | $166.22M | $112.59M | $161.41M | $67.24M | $259.80M | $133.00M | $12.01M | $128.14M |
| Income Before Tax Ratio | 5.45% | 4.85% | 3.96% | 3.08% | 4.12% | 1.70% | 7.30% | 4.41% | 0.40% | 3.98% |
| Income Tax Expense | $76.99M | $56.14M | $39.66M | $23.64M | $42.49M | $-69.89M | $74.75M | $21.46M | $13.99M | $13.79M |
| Net Income | $235.05M | $161.15M | $96.66M | $88.95M | $98.54M | $120.53M | $167.95M | $97.33M | $-13.15M | $88.26M |
| Net Income Ratio | 3.48% | 2.96% | 2.30% | 2.43% | 2.51% | 3.05% | 4.72% | 3.23% | -0.43% | 2.74% |
| EPS | $2.24 | $1.56 | $0.93 | $0.87 | $0.98 | $1.30 | $2.10 | $1.22 | $-0.16 | $0.91 |
| EPS Diluted | $2.14 | $1.42 | $0.85 | $0.79 | $0.97 | $1.30 | $2.10 | $1.22 | $-0.16 | $0.91 |
| Weighted Average Shares Outstanding | 106.29M | 104.99M | 103.76M | 102.54M | 100.85M | 92.42M | 80.01M | 80.01M | 80.01M | 96.66M |
| Weighted Average Shares Outstanding Diluted | 111.09M | 115.08M | 113.48M | 112.13M | 101.20M | 92.75M | 80.01M | 80.01M | 80.01M | 96.66M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $453.55M | $272.94M | $262.54M | $342.61M | $483.61M | $182.69M | $228.10M | $445.16M |
| Short Term Investments | $- | $- | $- | $1.27M | $3.61M | $12.69M | $- | $- |
| Cash and Short Term Investments | $453.55M | $272.94M | $262.54M | $342.61M | $483.61M | $182.69M | $228.10M | $445.16M |
| Net Receivables | $1.10B | $1.67B | $1.35B | $1.18B | $1.28B | $1.25B | $1.14B | $1.06B |
| Inventory | $- | $- | $1 | $1.27M | $3.61M | $12.69M | $- | $1 |
| Other Current Assets | $908.46M | $191.43M | $105.87M | $112.22M | $84.38M | $97.14M | $69.98M | $53.16M |
| Total Current Assets | $2.46B | $2.14B | $1.72B | $1.63B | $1.84B | $1.53B | $1.44B | $1.56B |
| Property Plant Equipment Net | $264.62M | $258.17M | $251.14M | $286.87M | $331.43M | $356.17M | $91.85M | $87.58M |
| Goodwill | $2.08B | $1.79B | $1.66B | $1.41B | $1.26B | $1.05B | $736.94M | $496.79M |
| Intangible Assets | $349.94M | $275.57M | $254.13M | $207.82M | $245.96M | $259.86M | $179.52M | $17.70M |
| Goodwill and Intangible Assets | $2.43B | $2.07B | $1.92B | $1.62B | $1.51B | $1.31B | $916.46M | $514.49M |
| Long Term Investments | $138.76M | $128.20M | $107.42M | $110.69M | $68.97M | $68.62M | $63.56M | $71.58M |
| Tax Assets | $133.45M | $140.16M | $137.71M | $134.39M | $130.20M | $130.40M | $76.73M | $8.46M |
| Other Non-Current Assets | $56.11M | $71.77M | $66.11M | $46.13M | $56.04M | $61.49M | $46.23M | $28.65M |
| Total Non-Current Assets | $3.03B | $2.67B | $2.48B | $2.20B | $2.09B | $1.92B | $1.19B | $710.75M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.49B | $4.80B | $4.20B | $3.83B | $3.94B | $3.45B | $2.63B | $2.27B |
| Account Payables | $207.59M | $242.82M | $201.43M | $196.29M | $225.68M | $216.61M | $226.34M | $207.08M |
| Short Term Debt | $516.13M | $72.20M | $60.89M | $57.72M | $105.59M | $51.07M | $- | $- |
| Tax Payables | $7.70M | $6.98M | $4.29M | $7.84M | $4.98M | $7.23M | $11.54M | $7.67M |
| Deferred Revenue | $- | $301.11M | $213.06M | $171.67M | $201.86M | $230.68M | $208.58M | $145.15M |
| Other Current Liabilities | $1.18B | $801.42M | $628.45M | $597.27M | $649.29M | $638.79M | $559.70M | $647.82M |
| Total Current Liabilities | $1.92B | $1.41B | $1.11B | $1.03B | $1.19B | $1.14B | $1.01B | $1.01B |
| Long Term Debt | $898.48M | $868.60M | $857.27M | $743.24M | $724.20M | $454.18M | $430.10M | $249.41M |
| Deferred Revenue Non-Current | $- | $- | $- | $16.00M | $21.83M | $56.93M | $46.00M | $53.34M |
| Deferred Tax Liabilities Non-Current | $11.04M | $9.78M | $12.47M | $11.40M | $12.29M | $9.62M | $6.62M | $8.54M |
| Other Non-Current Liabilities | $128.30M | $138.09M | $124.35M | $108.41M | $152.40M | $181.43M | $168.84M | $148.32M |
| Total Non-Current Liabilities | $1.04B | $1.02B | $994.09M | $863.04M | $888.88M | $645.23M | $651.57M | $459.61M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.95B | $2.43B | $2.10B | $1.89B | $2.08B | $1.79B | $1.66B | $1.47B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $146.66M | $146.34M | $146.13M | $146.28M | $146.61M | $146.44M | $- | $- |
| Retained Earnings | $426.78M | $203.72M | $43.09M | $-53.53M | $-120.57M | $-218.03M | $12.45M | $-186.03M |
| Accumulated Other Comprehensive Income Loss | $-26.59M | $-14.91M | $-17.85M | $-9.57M | $-13.87M | $-14.26M | $-22.96M | $-15.00M |
| Other Total Stockholders Equity | $1.87B | $1.95B | $1.87B | $1.82B | $1.80B | $1.72B | $937.83M | $978.93M |
| Total Stockholders Equity | $2.42B | $2.29B | $2.04B | $1.90B | $1.81B | $1.63B | $927.32M | $777.89M |
| Total Equity | $2.53B | $2.38B | $2.10B | $1.94B | $1.86B | $1.66B | $973.78M | $805.39M |
| Total Liabilities and Stockholders Equity | $5.49B | $4.80B | $4.20B | $3.83B | $3.94B | $3.45B | $2.63B | $2.27B |
| Minority Interest | $118.10M | $89.50M | $52.37M | $36.34M | $47.65M | $30.87M | $46.46M | $27.49M |
| Total Liabilities and Total Equity | $5.49B | $4.80B | $4.20B | $3.83B | $3.94B | $3.45B | $2.63B | $2.27B |
| Total Investments | $138.76M | $128.20M | $107.42M | $110.69M | $68.97M | $68.62M | $63.56M | $71.58M |
| Total Debt | $1.41B | $927.15M | $914.17M | $796.72M | $826.60M | $502.97M | $430.10M | $249.41M |
| Net Debt | $961.06M | $654.21M | $651.63M | $454.11M | $342.99M | $320.28M | $202.00M | $-195.76M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $- | $207.91M | $126.56M | $88.95M | $118.92M | $137.13M | $239.44M | $111.54M | $-1.99M |
| Depreciation and Amortization | $- | $119.97M | $120.50M | $144.21M | $127.98M | $125.70M | $69.87M | $35.20M | $42.16M |
| Deferred Income Tax | $6.10M | $-8.91M | $-844.00K | $-3.47M | $1.27M | $-123.34M | $-1.45M | $5.40M | $-1.13M |
| Stock Based Compensation | $- | $34.37M | $23.01M | $20.19M | $15.23M | $8.27M | $45.16M | $40.55M | $41.80M |
| Change in Working Capital | $- | $-103.28M | $-103.33M | $-94.92M | $-44.28M | $2.70M | $58.29M | $77.23M | $28.87M |
| Accounts Receivables | $- | $- | $-117.32M | $99.89M | $-8.62M | $-30.21M | $461.30M | $-2.96M | $105.57M |
| Inventory | $- | $- | $- | $-132.64M | $-7.47M | $29.88M | $-448.96M | $25.53M | $-37.75M |
| Accounts Payables | $-42.69M | $24.50M | $-717.00K | $-31.77M | $1.49M | $-17.12M | $5.57M | $27.33M | $-43.18M |
| Other Working Capital | $- | $-127.78M | $14.71M | $-30.41M | $-29.67M | $20.15M | $40.38M | $27.33M | $4.23M |
| Other Non Cash Items | $517.50M | $157.64M | $71.62M | $50.62M | $70.03M | $69.78M | $-91.05M | $33.77M | $35.00M |
| Net Cash Provided by Operating Activities | $523.61M | $407.70M | $237.53M | $205.57M | $289.16M | $220.24M | $284.63M | $265.03M | $198.56M |
| Investments in Property Plant and Equipment | $- | $-40.40M | $-30.59M | $-21.11M | $-34.04M | $-67.60M | $-29.28M | $-27.94M | $-30.08M |
| Acquisitions Net | $- | $-336.12M | $-387.65M | $-221.13M | $-313.88M | $-507.00M | $-474.45M | $-27.27M | $-1.12M |
| Purchases of Investments | $- | $- | $-17.62M | $-38.46M | $-11.04M | $-24.58M | $-4.72M | $-3.50M | $-5.17M |
| Sales Maturities of Investments | $- | $- | $9.44M | $15.58M | $53.00K | $12.41M | $11.43M | $1.97M | $4.04M |
| Other Investing Activities | $-556.72M | $546.00K | $8.95M | $24.20M | $12.53M | $15.96M | $439.00K | $2.25M | $1.90M |
| Net Cash Used for Investing Activities | $-556.72M | $-375.97M | $-417.47M | $-240.91M | $-346.37M | $-570.80M | $-503.30M | $-52.96M | $-29.30M |
| Debt Repayment | $302.39M | $- | $150.00M | $-50.00M | $400.00M | $-180.00M | $180.00M | $- | $- |
| Common Stock Issued | $7.93M | $6.06M | $5.38M | $5.55M | $4.39M | $536.88M | $- | $- | $- |
| Common Stock Repurchased | $-25.00M | $-11.00M | $-22.00M | $-21.70M | $- | $-6.27M | $-125.81M | $-111.40M | $-148.72M |
| Dividends Paid | $- | $- | $- | $- | $- | $-52.09M | $- | $- | $- |
| Other Financing Activities | $-66.57M | $-16.93M | $-33.01M | $-40.36M | $-56.16M | $-32.48M | $1.23M | $-48.77M | $-36.50M |
| Net Cash Used Provided by Financing Activities | $218.75M | $-21.87M | $100.37M | $-106.50M | $348.23M | $266.04M | $55.41M | $-160.17M | $-185.22M |
| Effect of Forex Changes on Cash | $-5.04M | $546.00K | $-1.77M | $-1.50M | $823.00K | $-1.29M | $-1.70M | $1.24M | $-1.20M |
| Net Change in Cash | $180.60M | $10.40M | $-81.34M | $-143.33M | $291.84M | $-85.82M | $-164.95M | $53.13M | $-17.16M |
| Cash at End of Period | $453.55M | $272.94M | $262.54M | $343.88M | $487.21M | $195.37M | $281.19M | $446.14M | $393.01M |
| Cash at Beginning of Period | $272.94M | $262.54M | $343.88M | $487.21M | $195.37M | $281.19M | $446.14M | $393.01M | $410.17M |
| Operating Cash Flow | $523.61M | $407.70M | $237.53M | $205.57M | $289.16M | $220.24M | $284.63M | $265.03M | $198.56M |
| Capital Expenditure | $- | $-40.40M | $-30.59M | $-21.11M | $-34.04M | $-67.60M | $-29.28M | $-27.94M | $-30.08M |
| Free Cash Flow | $523.61M | $367.30M | $206.93M | $184.47M | $255.12M | $152.64M | $255.35M | $237.09M | $168.48M |