$CHGG
CHEGG, INC

2019 Q3 Form 10-Q Financial Statement

#000136495419000251 Filed on November 04, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q4 2018 Q3
Revenue $94.15M $95.68M $74.24M
YoY Change 26.82% 30.16% 18.51%
Cost Of Revenue $22.16M $22.10M $19.92M
YoY Change 11.28% 13.92% -10.91%
Gross Profit $71.99M $73.61M $54.32M
YoY Change 32.53% 35.99% 34.84%
Gross Profit Margin 76.46% 76.93% 73.17%
Selling, General & Admin $40.57M $32.20M $35.69M
YoY Change 13.68% 14.18% 13.29%
% of Gross Profit 56.36% 43.75% 65.7%
Research & Development $36.44M $33.50M $29.05M
YoY Change 25.47% 46.93% 46.13%
% of Gross Profit 50.62% 45.51% 53.47%
Depreciation & Amortization $7.500M $6.200M $5.900M
YoY Change 27.12% 24.0% 13.46%
% of Gross Profit 10.42% 8.42% 10.86%
Operating Expenses $77.04M $65.70M $64.75M
YoY Change 18.98% 28.57% 25.87%
Operating Profit -$5.057M $7.544M -$10.43M
YoY Change -51.53% 149.31% -6.51%
Interest Expense -$13.50M -$3.800M -$3.800M
YoY Change 255.26%
% of Operating Profit -50.37%
Other Income/Expense, Net -$5.797M $1.300M -$2.563M
YoY Change 126.18% 160.0% -1159.09%
Pretax Income -$10.85M $5.100M -$13.00M
YoY Change -16.48% 45.71% 19.03%
Income Tax $600.0K -$300.0K $700.0K
% Of Pretax Income -5.88%
Net Earnings -$11.48M $5.347M -$13.71M
YoY Change -16.28% 46.13% 19.04%
Net Earnings / Revenue -12.19% 5.59% -18.47%
Basic Earnings Per Share -$0.10 $0.05 -$0.12
Diluted Earnings Per Share -$0.10 $0.04 -$0.12
COMMON SHARES
Basic Shares Outstanding 120.1M shares 115.1M shares 114.2M shares
Diluted Shares Outstanding 120.1M shares 125.6M shares 114.2M shares

Balance Sheet

Concept 2019 Q3 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $795.8M $468.0M $459.9M
YoY Change 73.04% 124.78% 126.44%
Cash & Equivalents $450.5M $374.7M $379.0M
Short-Term Investments $345.4M $93.30M $80.90M
Other Short-Term Assets $24.89M $9.510M $26.65M
YoY Change -6.62% 21.22% 11.25%
Inventory
Prepaid Expenses $9.654M $4.673M $7.099M
Receivables $13.68M $12.73M $8.620M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $844.1M $494.9M $502.3M
YoY Change 68.04% 116.18% 108.59%
LONG-TERM ASSETS
Property, Plant & Equipment $77.67M $59.90M $52.95M
YoY Change 46.69% 26.13% 17.45%
Goodwill $149.1M $149.5M $149.8M
YoY Change -0.46% 19.36% 28.84%
Intangibles $20.62M $25.92M $27.81M
YoY Change -25.85% 22.51% 67.56%
Long-Term Investments $340.1M $16.10M $15.00M
YoY Change 2167.33% -20.69% -11.76%
Other Assets $15.84M $14.62M $4.523M
YoY Change 250.12% 288.26% 2.35%
Total Long-Term Assets $619.6M $266.0M $250.0M
YoY Change 147.85% 22.03% 25.41%
TOTAL ASSETS
Total Short-Term Assets $844.1M $494.9M $502.3M
Total Long-Term Assets $619.6M $266.0M $250.0M
Total Assets $1.464B $760.9M $752.3M
YoY Change 94.56% 70.26% 70.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.197M $8.177M $4.283M
YoY Change -2.01% 16.0% 103.08%
Accrued Expenses $52.20M $34.08M $47.00M
YoY Change 11.06% 9.66% 12.06%
Deferred Revenue $27.46M $17.42M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $88.84M $59.67M $76.56M
YoY Change 16.03% 15.73% 16.08%
LONG-TERM LIABILITIES
Long-Term Debt $887.2M $283.7M $280.1M
YoY Change 216.74%
Other Long-Term Liabilities $3.815M $6.964M $7.016M
YoY Change -45.62% 61.77% 34.92%
Total Long-Term Liabilities $906.3M $290.6M $287.1M
YoY Change 215.64% 6651.03% 5376.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $88.84M $59.67M $76.56M
Total Long-Term Liabilities $906.3M $290.6M $287.1M
Total Liabilities $995.2M $350.3M $363.7M
YoY Change 173.62% 527.02% 410.84%
SHAREHOLDERS EQUITY
Retained Earnings -$424.5M -$406.6M -$411.9M
YoY Change 3.06% 3.82% 4.21%
Common Stock $894.8M $818.2M $801.5M
YoY Change 11.64% 4.51% 4.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $468.5M $410.6M $388.6M
YoY Change
Total Liabilities & Shareholders Equity $1.464B $760.9M $752.3M
YoY Change 94.56% 70.26% 70.92%

Cashflow Statement

Concept 2019 Q3 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$11.48M $5.347M -$13.71M
YoY Change -16.28% 46.13% 19.04%
Depreciation, Depletion And Amortization $7.500M $6.200M $5.900M
YoY Change 27.12% 24.0% 13.46%
Cash From Operating Activities $38.80M $30.40M $21.20M
YoY Change 83.02% 39.45% 59.4%
INVESTING ACTIVITIES
Capital Expenditures -$8.000M -$13.20M -$7.900M
YoY Change 1.27% 112.9% 6.76%
Acquisitions
YoY Change
Other Investing Activities -$137.6M -$23.30M -$18.90M
YoY Change 628.04% 21.99% -80.69%
Cash From Investing Activities -$145.7M -$36.40M -$26.90M
YoY Change 441.64% 43.87% -74.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.700M 2.200M 100.0K
YoY Change 1600.0% -71.79% -99.93%
NET CHANGE
Cash From Operating Activities 38.80M 30.40M 21.20M
Cash From Investing Activities -145.7M -36.40M -26.90M
Cash From Financing Activities 1.700M 2.200M 100.0K
Net Change In Cash -105.2M -3.800M -5.600M
YoY Change 1778.57% -188.37% -109.96%
FREE CASH FLOW
Cash From Operating Activities $38.80M $30.40M $21.20M
Capital Expenditures -$8.000M -$13.20M -$7.900M
Free Cash Flow $46.80M $43.60M $29.10M
YoY Change 60.82% 55.71% 40.58%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-739000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-683000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12617000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14013000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-18563000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20918000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
459571000 USD
CY2019Q3 chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanandStockOptionsExercised
11674000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-8824000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1843000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16865000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1140000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-11477000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
468512000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
388719000 USD
CY2018Q3 chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanandStockOptionsExercised
5413000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-5355000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13818000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-304000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-13709000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
388582000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
410634000 USD
us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
206747000 USD
chgg Adjustments To Additional Paid In Capital Purchase Of Capped Call
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCall
97200000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20000000 USD
chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanandStockOptionsExercised
27720000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-91073000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3003000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
47355000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-739000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17824000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
468512000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
391062000 USD
us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
62444000 USD
chgg Adjustments To Additional Paid In Capital Purchase Of Capped Call
AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCall
39227000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20000000 USD
chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanandStockOptionsExercised
23461000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-45666000 USD
chgg Stock Issued During Period Value Common Warrants Exercised
StockIssuedDuringPeriodValueCommonWarrantsExercised
0 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
37503000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-683000 USD
us-gaap Net Income Loss
NetIncomeLoss
-20235000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
388582000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17824000 USD
us-gaap Net Income Loss
NetIncomeLoss
-20235000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
21369000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
16631000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
47355000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
37503000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-832000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-29000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
30114000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6958000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
59000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-315000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3284000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
370000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-51000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
850000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2409000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
20741000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
24250000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1989000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
587000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3983000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3001000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
10039000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
11841000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
18095000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
16044000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2793000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1589000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
86575000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44667000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
822869000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
113276000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
53261000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1800000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
190744000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
118080000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31520000 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
34650000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-610384000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18048000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-46094000 USD
chgg Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
27723000 USD
chgg Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
23463000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
91076000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
45669000 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
780180000 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
335618000 USD
chgg Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
97200000 USD
chgg Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
39227000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
599627000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
254185000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75818000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
252758000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
375945000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126963000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
451763000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
379721000 USD
us-gaap Interest Paid Net
InterestPaidNet
901000 USD
us-gaap Interest Paid Net
InterestPaidNet
55000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1492000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1560000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3847000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2638000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
4452000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2993000 USD
chgg Issuance Of Common Stock Related To Prior Acquisition
IssuanceOfCommonStockRelatedToPriorAcquisition
3003000 USD
chgg Issuance Of Common Stock Related To Prior Acquisition
IssuanceOfCommonStockRelatedToPriorAcquisition
0 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
450457000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
379020000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
125000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1181000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
701000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
451763000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
379721000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><span 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, 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, the valuation of acquired intangible assets, the valuation of our convertible senior notes, and operating lease ROU assets and operating lease liabilities. 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’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.</span></div>
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
94151000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
74237000 USD
CY2019Q3 chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecrease
19914000 USD
CY2019Q3 chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease Percent
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecreasePercent
0.27
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
285422000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
225408000 USD
chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecrease
60014000 USD
chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease Percent
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecreasePercent
0.27
CY2019Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
15700000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16000000.0 USD
CY2019Q3 chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
2200000 USD
chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
2700000 USD
CY2019Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
29000000.0 USD
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13678000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12733000 USD
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
945000 USD
chgg Increase Decreasein Accounts Receivable Percent
IncreaseDecreaseinAccountsReceivablePercent
0.07
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
27457000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17418000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
10039000 USD
chgg Increase Decreasein Contractwith Customer Liability Percent
IncreaseDecreaseinContractwithCustomerLiabilityPercent
0.58
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
900000 USD
chgg Increase Decreasein Accounts Receivable Percent
IncreaseDecreaseinAccountsReceivablePercent
0.07
us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
10000000.0 USD
chgg Increase Decreasein Contractwith Customer Liability Percent
IncreaseDecreaseinContractwithCustomerLiabilityPercent
0.58
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-11477000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-13709000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17824000 USD
us-gaap Net Income Loss
NetIncomeLoss
-20235000 USD
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
120085000 shares
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
114184000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
118547000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
112621000 shares
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.12
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10058000 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12678000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11379000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12369000 shares
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
352593000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
352877000 USD
CY2019Q3 chgg Availableforsale Securities Debt Maturities Year One Through Two Amortized Cost Basis
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughTwoAmortizedCostBasis
339989000 USD
CY2019Q3 chgg Availableforsale Securities Debt Maturities Year One Through Two Fair Value
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughTwoFairValue
340118000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
140193000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
140193000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
832775000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
833188000 USD
chgg Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
P10M
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1300000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
10000000.0 USD
CY2018Q4 us-gaap Goodwill
Goodwill
149524000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
125272000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
24673000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-456000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-421000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
149068000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
149524000 USD
CY2019Q3 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2019Q3 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-571000 USD
chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-571000 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P61M
CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
52797000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32175000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
20622000 USD
CY2018Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2018Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2018 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-271000 USD
CY2018 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-271000 USD
CY2018 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P61M
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
53097000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27182000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
25915000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1455000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4816000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3423000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2943000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2276000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2109000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17022000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16300000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
20300000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2019Q3 us-gaap Lease Cost
LeaseCost
1200000 USD
us-gaap Lease Cost
LeaseCost
3700000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1437000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5834000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5362000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5147000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3742000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
780000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
22302000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2005000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
20297000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
5222000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5251000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4775000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3999000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3421000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
788000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
23456000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16865000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13818000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47355000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37503000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
265000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
589000 USD
CY2018 us-gaap Payments For Restructuring
PaymentsForRestructuring
388000 USD
CY2018 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-18000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
448000 USD
us-gaap Restructuring Charges
RestructuringCharges
97000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
200000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
43000 USD

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chegg2019-09x3010q_htm.xml Edgar Link completed
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chegg2019-09x3010q.htm Edgar Link pending
chgg-20190930.xsd Edgar Link pending
chgg-20190930_cal.xml Edgar Link unprocessable
chgg-20190930_def.xml Edgar Link unprocessable
chgg-20190930_lab.xml Edgar Link unprocessable
chgg-20190930_pre.xml Edgar Link unprocessable
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