For the quarter ending 2026-03-31, PSN had -$182,467K decrease in cash & cash equivalents over the period. -$18,621K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income including noncontrolling interests | 65,211 | 74,794 | 81,794 | 152,276 |
| Depreciation and amortization | 35,926 | 30,642 | 29,849 | 55,995 |
| Amortization of debt issue costs | 1,212 | 1,223 | 1,223 | 2,611 |
| Loss (gain) on disposal of property and equipment | -122 | -452 | -124 | -63 |
| Convertible debt repurchase loss | - | 0 | 0 | 0 |
| Provision for doubtful accounts | - | 0 | - | - |
| Deferred taxes | 4,528 | 16,471 | 25,616 | 2,225 |
| Foreign currency transaction gains and losses | -1,012 | 179 | 156 | 5,171 |
| Equity in losses (earnings) of unconsolidated joint ventures | 6,156 | -4,354 | 8,266 | -1,329 |
| Return on investments in unconsolidated joint ventures | 7,208 | 14,668 | 10,655 | 15,907 |
| Stock-based compensation | 11,242 | 10,481 | 9,800 | 22,926 |
| Contributions of treasury stock | 19,347 | 19,632 | 18,641 | 35,382 |
| Accounts receivable | -47,235 | -101,673 | 58,835 | 31,905 |
| Contract assets | 94,998 | 92,411 | -14,143 | 84,802 |
| Prepaid expenses and other assets | 12,552 | -1,098 | 9,705 | 7,544 |
| Accounts payable | -21,430 | -22,027 | -17,097 | 62,462 |
| Accrued expenses and other current liabilities | -75,250 | 17,304 | 46,761 | -94,320 |
| Contract liabilities | 19,247 | -4,601 | 25,025 | 14,472 |
| Income taxes | 589 | -138 | -2,115 | 5,828 |
| Other long-term liabilities | -6,193 | -5,918 | -4,607 | 280 |
| Net cash used in operating activities | -3,700 | 167,518 | 162,850 | 148,014 |
| Capital expenditures | 14,921 | 31,940 | 13,121 | 22,909 |
| Proceeds from sale of property and equipment | - | 807 | 0 | 35 |
| Payments for acquisitions, net of cash acquired | 333,511 | 26,785 | 436 | 117,858 |
| Investments in unconsolidated joint ventures | 23,695 | 21,216 | 26,887 | 35,496 |
| Return of investments in unconsolidated joint ventures | 7,540 | 11,864 | 16,438 | 11,920 |
| Proceeds from sales of investments in unconsolidated joint ventures | - | 0 | - | - |
| Net cash used in investing activities | -364,587 | -67,270 | -24,006 | -164,308 |
| Proceeds from borrowings under credit agreement | 350,000 | 0 | 0 | 243,700 |
| Proceeds from term loan | - | 0 | 0 | 450,000 |
| Repayment of delayed draw term loan | - | 0 | 0 | 350,000 |
| Repayments of borrowings under credit agreement | 76,000 | 0 | 0 | 243,700 |
| Proceeds from issuance of convertible notes due 2029 | - | 0 | 0 | 0 |
| Payments for debt issuance costs | - | 0 | 0 | 2,571 |
| Repurchases of convertible notes due 2025 | 0 | 0 | 84,919 | 28,486 |
| Capped call transactions | - | 0 | 0 | 0 |
| Contributions by noncontrolling interests | 234 | 77 | 1,176 | 327 |
| Bond hedge termination | - | 0 | 0 | 0 |
| Distributions to noncontrolling interests | 33,628 | 448 | 17,772 | 45,055 |
| Redemption of warrants | - | 0 | 0 | 0 |
| Repurchases of common stock | 34,989 | 60,000 | 25,000 | 39,994 |
| Taxes paid on vested stock | 19,702 | 1,357 | 748 | 18,210 |
| Proceeds from issuance of common stock | 572 | 4,084 | 0 | 4,796 |
| Net cash (used in) provided by financing activities | 186,487 | -57,644 | -127,263 | -29,193 |
| Effect of exchange rate changes | -667 | 1,230 | -354 | 3,266 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -182,467 | 43,834 | 11,227 | -42,221 |
| Beginning of year | 466,388 | 30,994 | 453,548 | - |
| End of period | 283,921 | 43,834 | 422,554 | - |
PARSONS CORP (PSN)
PARSONS CORP (PSN)