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A lightyear is the distance that light travels in one year. Since there are various definitions for the length of a year, there are correspondingly slightly different values for a lightyear. One lightyear corresponds to about 9.461e15 m, 5.879e12 mi, or 63239.7 AU, or 0.3066 pc.
The parsec is a unit of length equivalent to around 20 trillion (20,000,000,000,000) miles, 31 trillion kilometres, or 206,264 times the distance from the earth to the sun.
A parsec is also equivalent to approximately 3.26 light years (the journey distance if you travelled at the speed of light for three years and three months).