$CHGG
CHEGG, INC

2016 Q2 Form 10-Q Financial Statement

#000136495416000398 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $53.04M $67.06M
YoY Change -20.91% 3.98%
Cost Of Revenue $21.41M $36.26M
YoY Change -40.96% -6.06%
Gross Profit $31.63M $30.81M
YoY Change 2.67% 18.96%
Gross Profit Margin 59.64% 45.94%
Selling, General & Admin $26.32M $24.33M
YoY Change 8.18% -4.5%
% of Gross Profit 83.2% 78.96%
Research & Development $16.03M $13.27M
YoY Change 20.84% 8.85%
% of Gross Profit 50.69% 43.07%
Depreciation & Amortization $6.200M $16.10M
YoY Change -61.49% -21.84%
% of Gross Profit 19.6% 52.26%
Operating Expenses $40.00M $40.50M
YoY Change -1.23% 13.97%
Operating Profit -$8.375M -$9.697M
YoY Change -13.63% 0.57%
Interest Expense -$100.0K -$100.0K
YoY Change 0.0% -178.74%
% of Operating Profit
Other Income/Expense, Net -$124.0K -$4.000K
YoY Change 3000.0% -113.79%
Pretax Income -$8.499M -$9.701M
YoY Change -12.39% 0.92%
Income Tax $509.0K $430.0K
% Of Pretax Income
Net Earnings -$9.008M -$10.13M
YoY Change -11.08% 22.86%
Net Earnings / Revenue -16.98% -15.11%
Basic Earnings Per Share -$0.10 -$0.12
Diluted Earnings Per Share -$99.56K -$0.12
COMMON SHARES
Basic Shares Outstanding 90.42M shares 86.74M shares
Diluted Shares Outstanding 86.74M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.70M $62.50M
YoY Change -20.48% 5.57%
Cash & Equivalents $49.68M $35.09M
Short-Term Investments $0.00 $27.40M
Other Short-Term Assets $40.22M $16.87M
YoY Change 138.41% 851.07%
Inventory
Prepaid Expenses $5.608M $7.657M
Receivables $12.92M $12.13M
Other Receivables $0.00 $0.00
Total Short-Term Assets $108.4M $99.16M
YoY Change 9.35% 33.0%
LONG-TERM ASSETS
Property, Plant & Equipment $29.36M $18.57M
YoY Change 58.09% -1.92%
Goodwill $115.0M $91.30M
YoY Change 25.94% 5.33%
Intangibles $23.06M $10.63M
YoY Change 116.96%
Long-Term Investments $0.00 $4.700M
YoY Change -100.0% -75.65%
Other Assets $5.227M $1.922M
YoY Change 171.96% -11.02%
Total Long-Term Assets $184.5M $188.4M
YoY Change -2.1% -21.49%
TOTAL ASSETS
Total Short-Term Assets $108.4M $99.16M
Total Long-Term Assets $184.5M $188.4M
Total Assets $292.9M $287.6M
YoY Change 1.85% -8.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.260M $3.832M
YoY Change 63.36% -60.95%
Accrued Expenses $46.43M $23.90M
YoY Change 94.23% 19.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $67.15M $47.49M
YoY Change 41.4% -12.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.000M $4.700M
YoY Change -14.89% -9.39%
Total Long-Term Liabilities $4.010M $4.732M
YoY Change -15.26% -8.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.15M $47.49M
Total Long-Term Liabilities $4.010M $4.732M
Total Liabilities $71.16M $52.22M
YoY Change 36.26% -11.74%
SHAREHOLDERS EQUITY
Retained Earnings -$353.8M -$308.5M
YoY Change 14.66% 29.03%
Common Stock $575.7M $543.9M
YoY Change 5.85% 10.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $221.7M $235.3M
YoY Change
Total Liabilities & Shareholders Equity $292.9M $287.6M
YoY Change 1.85% -8.57%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$9.008M -$10.13M
YoY Change -11.08% 22.86%
Depreciation, Depletion And Amortization $6.200M $16.10M
YoY Change -61.49% -21.84%
Cash From Operating Activities $12.10M -$19.80M
YoY Change -161.11% 204.62%
INVESTING ACTIVITIES
Capital Expenditures -$9.600M -$4.800M
YoY Change 100.0% -56.76%
Acquisitions
YoY Change
Other Investing Activities $6.400M $7.400M
YoY Change -13.51% 0.0%
Cash From Investing Activities -$3.100M $2.600M
YoY Change -219.23% -172.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -800.0K 2.200M
YoY Change -136.36% 37.5%
NET CHANGE
Cash From Operating Activities 12.10M -19.80M
Cash From Investing Activities -3.100M 2.600M
Cash From Financing Activities -800.0K 2.200M
Net Change In Cash 8.200M -15.00M
YoY Change -154.67% 76.47%
FREE CASH FLOW
Cash From Operating Activities $12.10M -$19.80M
Capital Expenditures -$9.600M -$4.800M
Free Cash Flow $21.70M -$15.00M
YoY Change -244.67% -426.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
chgg Accrued Deferred Cash Consideration Related To Acquisition
AccruedDeferredCashConsiderationRelatedToAcquisition
0 USD
chgg Accrued Deferred Cash Consideration Related To Acquisition
AccruedDeferredCashConsiderationRelatedToAcquisition
16484000 USD
chgg Depreciation Textbook Library
DepreciationTextbookLibrary
27476000 USD
chgg Depreciation Textbook Library
DepreciationTextbookLibrary
7220000 USD
chgg Issuance Of Common Stock And Options Related To Acquisition
IssuanceOfCommonStockAndOptionsRelatedToAcquisition
825000 USD
chgg Issuance Of Common Stock And Options Related To Acquisition
IssuanceOfCommonStockAndOptionsRelatedToAcquisition
0 USD
chgg Loss From Write Offs Of Textbooks
LossFromWriteOffsOfTextbooks
3611000 USD
chgg Loss From Write Offs Of Textbooks
LossFromWriteOffsOfTextbooks
473000 USD
CY2016Q1 chgg Operating Leases Future Minimum Sublease Rentals Per Month
OperatingLeasesFutureMinimumSubleaseRentalsPerMonth
200000 USD
chgg Payments For Repurchase Of Common Stock And Vested Stock Options
PaymentsForRepurchaseOfCommonStockAndVestedStockOptions
2263000 USD
chgg Payments For Repurchase Of Common Stock And Vested Stock Options
PaymentsForRepurchaseOfCommonStockAndVestedStockOptions
0 USD
chgg Payments To Acquire Textbooks
PaymentsToAcquireTextbooks
31275000 USD
chgg Payments To Acquire Textbooks
PaymentsToAcquireTextbooks
551000 USD
chgg Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
11929000 USD
chgg Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
1110000 USD
chgg Proceeds From Sale Of Textbooks
ProceedsFromSaleOfTextbooks
22693000 USD
chgg Proceeds From Sale Of Textbooks
ProceedsFromSaleOfTextbooks
14794000 USD
CY2015Q2 chgg Rental Revenue Net
RentalRevenueNet
32782000 USD
chgg Rental Revenue Net
RentalRevenueNet
70496000 USD
CY2016Q2 chgg Rental Revenue Net
RentalRevenueNet
12006000 USD
chgg Rental Revenue Net
RentalRevenueNet
26570000 USD
CY2015Q4 chgg Textbook Library Net
TextbookLibraryNet
29728000 USD
CY2016Q2 chgg Textbook Library Net
TextbookLibraryNet
11834000 USD
chgg Weighted Average Maturity Of Investment Securities
WeightedAverageMaturityOfInvestmentSecurities
P6M
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Period End Date
DocumentPeriodEndDate
2016-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001364954
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
91028255 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
CHEGG, INC
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5860000 USD
CY2016Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
6260000 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13157000 USD
CY2016Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12919000 USD
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
35280000 USD
CY2016Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
46427000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-172000 USD
CY2016Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-183000 USD
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
560242000 USD
CY2016Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
575601000 USD
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7831000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22851000 USD
CY2016Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11221000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22491000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
378000 USD
CY2016Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
287000 USD
CY2015Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9288000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12516000 shares
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15857000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13849000 shares
CY2015Q4 us-gaap Assets
Assets
291356000 USD
CY2016Q2 us-gaap Assets
Assets
292888000 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
132835000 USD
CY2016Q2 us-gaap Assets Current
AssetsCurrent
108430000 USD
CY2016Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1300000 USD
CY2016Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1300000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56117000 USD
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35087000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
67029000 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
49679000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-21030000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-17350000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
88099983 shares
CY2016Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
90893175 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
88099983 shares
CY2016Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
90893175 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
88000 USD
CY2016Q2 us-gaap Common Stock Value
CommonStockValue
91000 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10148000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-38646000 USD
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9087000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-24704000 USD
CY2016Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
3729000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
15664000 USD
CY2015Q2 us-gaap Cost Of Revenue
CostOfRevenue
36256000 USD
us-gaap Cost Of Revenue
CostOfRevenue
101749000 USD
CY2015Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
5043000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
20144000 USD
CY2016Q2 us-gaap Cost Of Revenue
CostOfRevenue
21407000 USD
us-gaap Cost Of Revenue
CostOfRevenue
60330000 USD
CY2015Q2 us-gaap Cost Of Services
CostOfServices
9975000 USD
us-gaap Cost Of Services
CostOfServices
21812000 USD
CY2016Q2 us-gaap Cost Of Services
CostOfServices
12332000 USD
us-gaap Cost Of Services
CostOfServices
25807000 USD
CY2015Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
14971000 USD
CY2016Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
14458000 USD
CY2015Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
21238000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
59793000 USD
CY2016Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
5346000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
18859000 USD
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.12
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.45
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 USD
CY2016Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
5100000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11565000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13379000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1689000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2778000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2153000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3433000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4255000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5153000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19461000 USD
CY2015Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-2445000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1740000 USD
CY2016Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2191000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3196000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11943000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23720000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14569000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27235000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
91301000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
91301000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
114980000 USD
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
23679000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
30805000 USD
us-gaap Gross Profit
GrossProfit
50184000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
31629000 USD
us-gaap Gross Profit
GrossProfit
59360000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-9701000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-37949000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8499000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-23784000 USD
CY2012Q4 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
150000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
430000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
724000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
509000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
909000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
571000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
252000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6150000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1016000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-116000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2607000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5574000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6942000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-4839000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-650000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
253000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
398000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
389000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-193000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
17405000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
10908000 USD
CY2015Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2016Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
20430000 USD
CY2016Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
36440000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8865000 USD
CY2016Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
23061000 USD
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-60000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-121000 USD
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-61000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-121000 USD
us-gaap Interest Paid
InterestPaid
50000 USD
us-gaap Interest Paid
InterestPaid
19000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
60281000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
71155000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
291356000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
292888000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
56111000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
67145000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
4170000 USD
CY2016Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
4010000 USD
CY2015Q4 us-gaap Long Term Investments
LongTermInvestments
4229000 USD
CY2016Q2 us-gaap Long Term Investments
LongTermInvestments
0 USD
CY2010Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2194000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7130000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10165000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3097000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13059000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7123000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-10131000 USD
us-gaap Net Income Loss
NetIncomeLoss
-38673000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-9008000 USD
us-gaap Net Income Loss
NetIncomeLoss
-24693000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
3805000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1193000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11000 USD
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-124000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-119000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
40502000 USD
us-gaap Operating Expenses
OperatingExpenses
88144000 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
40004000 USD
us-gaap Operating Expenses
OperatingExpenses
83025000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-9697000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-37960000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-8375000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-23665000 USD
CY2015Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
500000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1400000 USD
CY2016Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
500000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
900000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
31732000 USD
CY2016Q2 us-gaap Other Assets Current
OtherAssetsCurrent
40224000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4427000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5227000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-17000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
5000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-8000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
25000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
22000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-71000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-36000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
6068000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
27000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-79000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
6413000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-719000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
18000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
56000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
132000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-63000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7472000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8240000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
25164000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
17127000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
7633000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4146000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14217000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3117000 USD
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5608000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
19690000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
6844000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
22830000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19971000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29356000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13268000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
29412000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16033000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32991000 USD
CY2015Q2 us-gaap Restructuring Charges
RestructuringCharges
464000 USD
us-gaap Restructuring Charges
RestructuringCharges
2978000 USD
CY2016Q2 us-gaap Restructuring Charges
RestructuringCharges
-154000 USD
us-gaap Restructuring Charges
RestructuringCharges
-198000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
67061000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-329083000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-353776000 USD
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5003000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
20794000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3362000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
16090000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
151933000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
53036000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
119690000 USD
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
29276000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
60643000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
37668000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
77030000 USD
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
12382000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
33774000 USD
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11747000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
26193000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
22851000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
22491000 USD
CY2015Q4 us-gaap Short Term Investments
ShortTermInvestments
17800000 USD
CY2016Q2 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
231075000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
221733000 USD
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
86741000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
85771000 shares
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
90416000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
89767000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States (U.S. GAAP) requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities; the disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reporting periods. Significant estimates, assumptions, and judgments are used for, but not limited to: revenue recognition, recoverability of accounts receivable, determination of the useful lives and salvage value assigned to our textbook library, restructuring charges, share-based compensation expense including estimated forfeitures, accounting for income taxes, useful lives assigned to long-lived assets for depreciation and amortization, impairment of goodwill and long-lived assets, and the valuation of acquired tangible and intangible assets. We base our estimates on historical experience, knowledge of current business conditions, and various other factors we believe to be reasonable under the circumstances. These estimates are based on management&#8217;s knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ from these estimates, and such differences could be material to our financial position and results of operations.</font></div></div>

Files In Submission

Name View Source Status
0001364954-16-000398-index-headers.html Edgar Link pending
0001364954-16-000398-index.html Edgar Link pending
0001364954-16-000398.txt Edgar Link pending
0001364954-16-000398-xbrl.zip Edgar Link pending
chegg2016-06x3010q.htm Edgar Link pending
chgg-20160630.xml Edgar Link completed
chgg-20160630.xsd Edgar Link pending
chgg-20160630_cal.xml Edgar Link unprocessable
chgg-20160630_def.xml Edgar Link unprocessable
chgg-20160630_lab.xml Edgar Link unprocessable
chgg-20160630_pre.xml Edgar Link unprocessable
currentchegglogoa07.jpg Edgar Link pending
ex31012016-06x30.htm Edgar Link pending
ex31022016-06x30.htm Edgar Link pending
ex32012016-06x30.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending