For the year ending 2025-12-31, PSN had $12,840K increase in cash & cash equivalents over the period. $410,412K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income including noncontrolling interests | 308,864 |
| Depreciation and amortization | 116,486 |
| Amortization of debt issue costs | 5,057 |
| Loss (gain) on disposal of property and equipment | -639 |
| Convertible debt repurchase loss | 0 |
| Provision for doubtful accounts | 0 |
| Deferred taxes | 44,312 |
| Foreign currency transaction gains and losses | 5,506 |
| Equity in losses (earnings) of unconsolidated joint ventures | 2,583 |
| Return on investments in unconsolidated joint ventures | 41,230 |
| Stock-based compensation | 43,207 |
| Contributions of treasury stock | 73,655 |
| Accounts receivable | -10,933 |
| Contract assets | 163,070 |
| Prepaid expenses and other assets | 16,151 |
| Accounts payable | 23,338 |
| Accrued expenses and other current liabilities | -30,255 |
| Contract liabilities | 34,896 |
| Income taxes | 3,575 |
| Other long-term liabilities | -10,245 |
| Net cash provided by operating activities | 478,382 |
| Capital expenditures | 67,970 |
| Proceeds from sale of property and equipment | 842 |
| Payments for acquisitions, net of cash acquired | 145,079 |
| Investments in unconsolidated joint ventures | 83,599 |
| Return of investments in unconsolidated joint ventures | 40,222 |
| Proceeds from sales of investments in unconsolidated joint ventures | 0 |
| Net cash used in investing activities | -255,584 |
| Proceeds from borrowings under credit agreement | 243,700 |
| Repayments of borrowings under credit agreement | 243,700 |
| Proceeds from issuance of convertible notes due 2029 | 0 |
| 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 | 1,580 |
| Distributions to noncontrolling interests | 63,275 |
| Repurchases of common stock | 124,994 |
| Taxes paid on vested stock | 20,315 |
| Capped call transactions | 0 |
| Bond hedge termination | 0 |
| Redemption of warrants | 0 |
| Proceeds from issuance of common stock | 8,880 |
| Net cash provided by (used in) financing activities | -214,100 |
| Effect of exchange rate changes | 4,142 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 12,840 |
| Cash and cash equivalents at beginning of period | 453,548 |
| Cash and cash equivalents at end of period | 466,388 |
PARSONS CORP (PSN)
PARSONS CORP (PSN)