$CHGG
CHEGG, INC

2020 Q2 Form 10-Q Financial Statement

#000136495420000172 Filed on August 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $153.0M $93.86M $97.41M
YoY Change 63.01% 26.46% 26.59%
Cost Of Revenue $43.52M $20.52M $23.34M
YoY Change 112.13% 15.37% 15.38%
Gross Profit $109.5M $73.34M $74.07M
YoY Change 49.28% 29.95% 30.58%
Gross Profit Margin 71.55% 78.14% 76.04%
Selling, General & Admin $47.05M $34.42M $42.39M
YoY Change 36.71% 11.32% 26.18%
% of Gross Profit 42.97% 46.93% 57.22%
Research & Development $40.37M $32.07M $32.69M
YoY Change 25.91% 22.3% 28.04%
% of Gross Profit 36.88% 43.72% 44.13%
Depreciation & Amortization $14.10M $7.100M $6.800M
YoY Change 98.59% 29.09% 30.77%
% of Gross Profit 12.88% 9.68% 9.18%
Operating Expenses $87.42M $66.53M $75.10M
YoY Change 31.41% 16.41% 26.55%
Operating Profit $22.06M $6.815M -$1.027M
YoY Change 223.71% -1058.51% -60.8%
Interest Expense $3.193M -$13.50M -$4.200M
YoY Change -123.65% 264.86%
% of Operating Profit 14.47% -198.09%
Other Income/Expense, Net -$10.19M -$8.261M -$2.665M
YoY Change 23.29% 198.23% -589.89%
Pretax Income $11.88M -$1.446M -$3.692M
YoY Change -921.3% -58.46% 77.84%
Income Tax $1.287M $600.0K $600.0K
% Of Pretax Income 10.84%
Net Earnings $10.59M -$2.029M -$4.318M
YoY Change -621.88% -48.09% 65.0%
Net Earnings / Revenue 6.92% -2.16% -4.43%
Basic Earnings Per Share $0.09 -$0.02 -$0.04
Diluted Earnings Per Share $0.08 -$0.02 -$0.04
COMMON SHARES
Basic Shares Outstanding 123.8M shares 118.8M shares 116.7M shares
Diluted Shares Outstanding 133.9M shares 118.8M shares 116.7M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $702.6M $815.2M $984.6M
YoY Change -13.81% 74.97% 420.68%
Cash & Equivalents $285.1M $555.8M $914.5M
Short-Term Investments $417.5M $259.4M $70.10M
Other Short-Term Assets $14.65M $14.61M $9.691M
YoY Change 0.29% 88.69% 40.49%
Inventory
Prepaid Expenses $16.06M $12.15M $15.74M
Receivables $8.834M $5.948M $8.870M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $742.1M $847.9M $1.019B
YoY Change -12.47% 72.9% 374.24%
LONG-TERM ASSETS
Property, Plant & Equipment $105.6M $76.96M $72.94M
YoY Change 37.26% 49.39% 51.33%
Goodwill $284.7M $149.5M $149.5M
YoY Change 90.47% 10.03% 19.08%
Intangibles $59.52M $22.37M $24.10M
YoY Change 166.03% -0.96% 21.08%
Long-Term Investments $280.5M $288.7M $12.50M
YoY Change -2.84% 1704.38% 17.92%
Other Assets $25.07M $15.54M $15.41M
YoY Change 61.27% 265.23% 251.63%
Total Long-Term Assets $797.7M $567.8M $290.3M
YoY Change 40.5% 146.69% 39.16%
TOTAL ASSETS
Total Short-Term Assets $742.1M $847.9M $1.019B
Total Long-Term Assets $797.7M $567.8M $290.3M
Total Assets $1.540B $1.416B $1.309B
YoY Change 8.77% 96.47% 209.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.421M $3.131M $6.341M
YoY Change 105.08% -41.33% 59.28%
Accrued Expenses $50.07M $37.43M $35.71M
YoY Change 33.78% 27.04% 35.16%
Deferred Revenue $28.32M $18.82M $26.28M
YoY Change 50.47%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $90.49M $64.15M $72.96M
YoY Change 41.06% 32.25% 48.83%
LONG-TERM LIABILITIES
Long-Term Debt $926.2M $874.1M $789.4M
YoY Change 5.96% 216.02%
Other Long-Term Liabilities $11.87M $3.592M $3.311M
YoY Change 230.37% -46.92% -24.75%
Total Long-Term Liabilities $951.0M $892.0M $808.1M
YoY Change 6.62% 214.8% 18088.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $90.49M $64.15M $72.96M
Total Long-Term Liabilities $951.0M $892.0M $808.1M
Total Liabilities $1.042B $956.1M $881.1M
YoY Change 8.93% 188.11% 1547.89%
SHAREHOLDERS EQUITY
Retained Earnings -$411.5M -$413.0M -$411.0M
YoY Change -0.37% 3.72% 4.24%
Common Stock $908.0M $873.2M $840.0M
YoY Change 3.99% 10.87% 9.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $498.4M $459.6M $428.1M
YoY Change
Total Liabilities & Shareholders Equity $1.540B $1.416B $1.309B
YoY Change 8.77% 96.47% 209.16%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $10.59M -$2.029M -$4.318M
YoY Change -621.88% -48.09% 65.0%
Depreciation, Depletion And Amortization $14.10M $7.100M $6.800M
YoY Change 98.59% 29.09% 30.77%
Cash From Operating Activities $59.20M $29.90M $17.94M
YoY Change 97.99% 76.92% 173.78%
INVESTING ACTIVITIES
Capital Expenditures -$25.00M -$9.400M $14.06M
YoY Change 165.96% 80.77% 187.94%
Acquisitions
YoY Change
Other Investing Activities -$106.2M -$468.5M $27.20M
YoY Change -77.33% 2474.18% 198.9%
Cash From Investing Activities -$131.2M -$477.9M $13.17M
YoY Change -72.55% 1942.31% 210.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.900M 89.40M $508.5M
YoY Change -102.13% -68.58% -1771.65%
NET CHANGE
Cash From Operating Activities 59.20M 29.90M $17.94M
Cash From Investing Activities -131.2M -477.9M $13.17M
Cash From Financing Activities -1.900M 89.40M $508.5M
Net Change In Cash -73.90M -358.6M $539.6M
YoY Change -79.39% -228.99% -2848.97%
FREE CASH FLOW
Cash From Operating Activities $59.20M $29.90M $17.94M
Capital Expenditures -$25.00M -$9.400M $14.06M
Free Cash Flow $84.20M $39.30M $3.881M
YoY Change 114.25% 77.83% 132.4%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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--12-31
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dei Entity File Number
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dei Entity Registrant Name
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CHEGG, INC
dei Entity Incorporation State Country Code
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DE
dei Entity Tax Identification Number
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dei Entity Address Address Line1
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3990 Freedom Circle
dei Entity Address City Or Town
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Santa Clara
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dei City Area Code
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dei Security12b Title
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Common stock, $0.001 par value per share
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2020Q1 us-gaap Stockholders Equity
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CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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19546000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q2 us-gaap Net Income Loss
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q1 us-gaap Stockholders Equity
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428137000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
25860000 USD
CY2019Q2 chgg Adjustments To Additional Paid In Capital Purchase Of Capped Call
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12150000 USD
CY2019Q2 chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanandStockOptionsExercised
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CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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15452000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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282000 USD
CY2019Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
459571000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
498829000 USD
chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
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8037000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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2946000 USD
us-gaap Net Income Loss
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CY2020Q2 us-gaap Stockholders Equity
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CY2018Q4 us-gaap Stockholders Equity
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us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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chgg Adjustments To Additional Paid In Capital Purchase Of Capped Call
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97200000 USD
us-gaap Stock Repurchased During Period Value
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chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
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16046000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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30490000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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401000 USD
us-gaap Net Income Loss
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CY2019Q2 us-gaap Stockholders Equity
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459571000 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss
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chgg Depreciation Textbook Library
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7062000 USD
chgg Depreciation Textbook Library
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us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
19834000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
13934000 USD
us-gaap Share Based Compensation
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37880000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
30490000 USD
us-gaap Amortization Of Financing Costs And Discounts
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25892000 USD
us-gaap Amortization Of Financing Costs And Discounts
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17025000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
chgg Textbook Library Gain Loss Net
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1371000 USD
chgg Textbook Library Gain Loss Net
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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39000 USD
us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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1812000 USD
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712000 USD
us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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43111000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23491000 USD
chgg Payment To Purchases Textbooks
PaymentToPurchasesTextbooks
38668000 USD
chgg Payment To Purchases Textbooks
PaymentToPurchasesTextbooks
0 USD
chgg Proceeds From Disposition Of Textbooks
ProceedsFromDispositionOfTextbooks
3415000 USD
chgg Proceeds From Disposition Of Textbooks
ProceedsFromDispositionOfTextbooks
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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271711000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
86105000 USD
us-gaap Payments To Acquire Equity Method Investments
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2000000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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92796000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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chgg Proceeds From Issuance Of Employee Stock Purchase Plan
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8039000 USD
chgg Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
17208000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
54104000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
82251000 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
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0 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
780180000 USD
chgg Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
0 USD
chgg Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
97200000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
181034000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389432000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
375945000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287090000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
556979000 USD
us-gaap Interest Paid Net
InterestPaidNet
931000 USD
us-gaap Interest Paid Net
InterestPaidNet
431000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1247000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
912000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3350000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2325000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1713000 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
754000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
5170000 USD
chgg Noncash Or Part Noncash Acquisition Accrued Escrow
NoncashOrPartNoncashAcquisitionAccruedEscrow
7451000 USD
chgg Noncash Or Part Noncash Acquisition Accrued Escrow
NoncashOrPartNoncashAcquisitionAccruedEscrow
0 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
285064000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
555792000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
308000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
121000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1718000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1066000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287090000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
556979000 USD
us-gaap Use Of Estimates
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<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:27pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States 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, share-based compensation expense including estimated forfeitures, accounting for income taxes, textbook library, 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, internal-use software and website development costs, operating lease right of use (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>
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
153009000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
93862000 USD
CY2020Q2 chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecrease
59147000 USD
CY2020Q2 chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease Percent
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecreasePercent
0.63
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
284599000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
191271000 USD
chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecrease
93328000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9540000 USD
chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease Percent
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecreasePercent
0.49
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
33400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
17800000 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
19900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
13600000 USD
CY2019Q2 chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
700000 USD
chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
700000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
28300000 USD
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
8834000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11529000 USD
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
-2695000 USD
chgg Increase Decreasein Accounts Receivable Percent
IncreaseDecreaseinAccountsReceivablePercent
-0.23
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
28320000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
18780000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
chgg Increase Decreasein Contractwith Customer Liability Percent
IncreaseDecreaseinContractwithCustomerLiabilityPercent
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CY2020Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
4742000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3531000 USD
chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
1211000 USD
chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
0.34
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
-2700000 USD
chgg Increase Decreasein Accounts Receivable Percent
IncreaseDecreaseinAccountsReceivablePercent
-0.23
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
9500000 USD
chgg Increase Decreasein Contractwith Customer Liability Percent
IncreaseDecreaseinContractwithCustomerLiabilityPercent
0.51
chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
1200000 USD
chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
0.34
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
10589000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-2029000 USD
us-gaap Net Income Loss
NetIncomeLoss
4876000 USD
us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123842000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118790000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123135000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117766000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
6344000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
5351000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133851000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118790000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132674000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117766000 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
113000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10186000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
62000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11894000 shares
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
532338000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
534932000 USD
CY2020Q2 chgg Availableforsale Securities Debt Maturities Year One Through Two Amortized Cost Basis
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278851000 USD
CY2020Q2 chgg Availableforsale Securities Debt Maturities Year One Through Two Fair Value
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughTwoFairValue
280492000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
150002000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
150002000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
961191000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
965426000 USD
chgg Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
P9M
CY2020Q2 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P75M
CY2019Q4 us-gaap Goodwill
Goodwill
214513000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
149524000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
70167000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
65181000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-192000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
284682000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
214513000 USD
CY2020Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2020Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-396000 USD
chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-396000 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P64M
CY2020Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
99653000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
40131000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
59522000 USD
CY2019Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2019Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2019 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-398000 USD
CY2019 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-398000 USD
CY2019 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P58M
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
69331000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
34664000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
34667000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7331000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
13691000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
12000000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8760000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5707000 USD
CY2020Q2 chgg Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
8433000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
55922000 USD
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000.0 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19546000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15452000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37880000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30490000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1200000 USD
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000.0 USD

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