Parsons Corp 2026年季度报告

Table of Contents PART I.FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)Consolidated Balance SheetsConsolidated Statements of IncomeConsolidated Statements of Comprehensive IncomeConsolidated Statements of Cash FlowsConsolidated Statements of Shareholders’ EquityNotes to Unaudited Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPART II.OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures PARSONS CORPORATION AND SUBSIDIARIESConsolidated Balance Sheets PARSONS CORPORATION AND SUBSIDIARIESConsolidated Statements of Income (In thousands, except per share information)(Unaudited) PARSONS CORPORATION AND SUBSIDIARIESConsolidated Statements of Comprehensive Income(In thousands) PARSONS CORPORATION AND SUBSIDIARIESConsolidated Statements of Cash Flows(In thousands) 1.Description of Operations Organization Parsons Corporation, a Delaware corporation, and its subsidiaries (collectively, the “Company”) providesophisticated design, engineering and technical solutions to the United States federal government and CriticalInfrastructure customers worldwide. The Company performs work in various foreign countries through local subsidiaries, 2.Basis of Presentation and Principles of Consolidation The accompanying unaudited consolidated financial statements and related notes of the Company have beenprepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") andpursuant to the interim period reporting requirements of Form 10-Q. They do not include all of the information and In the opinion of management, the consolidated financial statements reflect all normal recurring adjustmentsnecessary for a fair statement of the financial position, results of operations and cash flows for the interim periodspresented. The results of operations and cash flows for any interim period are not necessarily indicative of results for the This Quarterly Report on Form 10-Q includes the accounts of Parsons Corporation and its subsidiaries andaffiliates which it controls. Interests in joint ventures that are controlled by the Company, or for which the Company isotherwise deemed to be the primary beneficiary, are consolidated. For joint ventures in which the Company does not Use of Estimates The preparation of the consolidated financial statements in accordance with GAAP requires management to makeestimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financialstatements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differfrom those estimates. The Company’s most significant estimates and judgments involve revenue recognition withrespect to the determination of the costs to complete contracts and transaction price; determination of self-insurance 3.New Accounting Pronouncements In the fourth quarter of 2024, the FASB issued ASU 2024-03 "Income Statement—Reporting ComprehensiveIncome—Expense Disaggregation Disclosures (Subtopic 220-40)" (ASU 2024-03"). ASU 2024-03 requires disclosure, inthe notes to financial statements, of specified information about certain costs and expenses. ASU 2024-03 is effectivefor annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income TaxDisclosures (“ASU 2023-09”), to improve the transparency of income tax disclosures. ASU 2023-09 requires a public business entity (“PBE”) to disclose, on an annual basis, specific categories in its income tax rate reconciliation andprovide additional information for reconciling items that meet a quantitative threshold. ASU 2023-09 also requires allentities to disclose its income taxes paid, net of refunds received, disaggregated by federal, state and foreign taxes, withfurther disaggregation required for significant individual jurisdictions. For public business entities, the new standard is 4.Acquisitions Altamira Technologies Corporation On January 14, 2026, the Company acquired a 100% ownership interestin Altamira Technologies Corporation("ATC"), a privately owned company, for approximately $340 million in cash and up to an additional $45 million in theevent an earn out EBITDA target is exceeded. The Company borrowed $330.0 million under the Credit Agreement tofund the acquisition. Headquartered in McLean, Virginia, ATC enhances Parsons’ defense and intelligence portfolio bydelivering advanced analytics, signals intelligence (SIGINT), cyber, missile warning, and space capabilities, The Compan