Parsons Corporation PSN Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Estimate of Transaction Price

Discontinued — last reported Q3 '20

Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Estimate of Transaction Price at other companies

Portland General ElectricPOR

$16M+500%

BeldenBDC

$31.91M+6.3%

CaterpillarCAT

-$124.25M—

Williams CompaniesWMB

-$32M+3.0%

Parsons CorporationPSN

$5.68M—

Ondas, Inc. ONDS

$4.89M+105%

Segments

By segment

See full

Federal Solution$22.7M—

Other financials

Income statement

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Revenue$1.5B-4.1%

Gross profit$357.4M+1.0%

Operating income$95.7M-12.4%

Net income$52.9M-20.1%

EPS (diluted)$0.49-18.3%

Balance sheet

See full

Cash & equivalents$283.9M+5.3%

Total debt$1.7B+21.1%

Total equity$2.6B+8.0%

Total assets$6.0B+10.3%

Cash flow

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Operating cash flow-$3.7M+68.6%

CapEx$14.9M+10.7%

Free cash flow-$18.6M+26.3%

Valuation

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Market cap$5.59B-8.3%

Profitability

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Gross margin22.8%+1.6pp

Operating margin6.4%0.0pp

Net margin3.6%-0.2pp

FCF margin6.6%-1.1pp

Returns & leverage

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Return on equity8.9%-2.4pp

Debt / equity0.6×+0.1×

Current ratio1.8×+0.5×

Where this comes from

Reported directly by Parsons Corporation in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice.

The official record: Parsons Corporation’s 10-Q, filed November 4, 2020, on SEC EDGAR. View the filing →