$CHGG
CHEGG, INC

2020 Q3 Form 10-Q Financial Statement

#000136495420000210 Filed on October 26, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $154.0M $94.15M $93.86M
YoY Change 63.59% 26.82% 26.46%
Cost Of Revenue $62.37M $22.16M $20.52M
YoY Change 181.4% 11.28% 15.37%
Gross Profit $91.65M $71.99M $73.34M
YoY Change 27.31% 32.53% 29.95%
Gross Profit Margin 59.5% 76.46% 78.14%
Selling, General & Admin $65.41M $40.57M $34.42M
YoY Change 61.21% 13.68% 11.32%
% of Gross Profit 71.37% 56.36% 46.93%
Research & Development $44.04M $36.44M $32.07M
YoY Change 20.85% 25.47% 22.3%
% of Gross Profit 48.05% 50.62% 43.72%
Depreciation & Amortization $16.90M $7.500M $7.100M
YoY Change 125.33% 27.12% 29.09%
% of Gross Profit 18.44% 10.42% 9.68%
Operating Expenses $109.5M $77.04M $66.53M
YoY Change 42.06% 18.98% 16.41%
Operating Profit -$17.80M -$5.057M $6.815M
YoY Change 252.03% -51.53% -1058.51%
Interest Expense $2.539M -$13.50M -$13.50M
YoY Change -118.81% 255.26% 264.86%
% of Operating Profit -198.09%
Other Income/Expense, Net -$18.27M -$5.797M -$8.261M
YoY Change 215.2% 126.18% 198.23%
Pretax Income -$36.07M -$10.85M -$1.446M
YoY Change 232.36% -16.48% -58.46%
Income Tax $1.066M $600.0K $600.0K
% Of Pretax Income
Net Earnings -$37.14M -$11.48M -$2.029M
YoY Change 223.6% -16.28% -48.09%
Net Earnings / Revenue -24.11% -12.19% -2.16%
Basic Earnings Per Share -$0.29 -$0.10 -$0.02
Diluted Earnings Per Share -$0.29 -$0.10 -$0.02
COMMON SHARES
Basic Shares Outstanding 126.2M shares 120.1M shares 118.8M shares
Diluted Shares Outstanding 126.2M shares 120.1M shares 118.8M shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.251B $795.8M $815.2M
YoY Change 57.19% 73.04% 74.97%
Cash & Equivalents $527.5M $450.5M $555.8M
Short-Term Investments $723.3M $345.4M $259.4M
Other Short-Term Assets $21.06M $24.89M $14.61M
YoY Change -15.38% -6.62% 88.69%
Inventory
Prepaid Expenses $15.08M $9.654M $12.15M
Receivables $12.49M $13.68M $5.948M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.299B $844.1M $847.9M
YoY Change 53.96% 68.04% 72.9%
LONG-TERM ASSETS
Property, Plant & Equipment $113.1M $77.67M $76.96M
YoY Change 45.57% 46.69% 49.39%
Goodwill $284.8M $149.1M $149.5M
YoY Change 91.06% -0.46% 10.03%
Intangibles $55.39M $20.62M $22.37M
YoY Change 168.58% -25.85% -0.96%
Long-Term Investments $521.3M $340.1M $288.7M
YoY Change 53.28% 2167.33% 1704.38%
Other Assets $18.95M $15.84M $15.54M
YoY Change 19.65% 250.12% 265.23%
Total Long-Term Assets $1.042B $619.6M $567.8M
YoY Change 68.19% 147.85% 146.69%
TOTAL ASSETS
Total Short-Term Assets $1.299B $844.1M $847.9M
Total Long-Term Assets $1.042B $619.6M $567.8M
Total Assets $2.342B $1.464B $1.416B
YoY Change 59.98% 94.56% 96.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.838M $4.197M $3.131M
YoY Change 39.1% -2.01% -41.33%
Accrued Expenses $79.52M $52.20M $37.43M
YoY Change 52.35% 11.06% 27.04%
Deferred Revenue $51.94M $27.46M $18.82M
YoY Change 89.17%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $143.0M $88.84M $64.15M
YoY Change 60.92% 16.03% 32.25%
LONG-TERM LIABILITIES
Long-Term Debt $1.537B $887.2M $874.1M
YoY Change 73.24% 216.74% 216.02%
Other Long-Term Liabilities $4.665M $3.815M $3.592M
YoY Change 22.28% -45.62% -46.92%
Total Long-Term Liabilities $1.553B $906.3M $892.0M
YoY Change 71.38% 215.64% 214.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $143.0M $88.84M $64.15M
Total Long-Term Liabilities $1.553B $906.3M $892.0M
Total Liabilities $1.696B $995.2M $956.1M
YoY Change 70.45% 173.62% 188.11%
SHAREHOLDERS EQUITY
Retained Earnings -$448.6M -$424.5M -$413.0M
YoY Change 5.68% 3.06% 3.72%
Common Stock $1.093B $894.8M $873.2M
YoY Change 22.12% 11.64% 10.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $645.4M $468.5M $459.6M
YoY Change
Total Liabilities & Shareholders Equity $2.342B $1.464B $1.416B
YoY Change 59.98% 94.56% 96.47%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$37.14M -$11.48M -$2.029M
YoY Change 223.6% -16.28% -48.09%
Depreciation, Depletion And Amortization $16.90M $7.500M $7.100M
YoY Change 125.33% 27.12% 29.09%
Cash From Operating Activities $46.50M $38.80M $29.90M
YoY Change 19.85% 83.02% 76.92%
INVESTING ACTIVITIES
Capital Expenditures -$25.30M -$8.000M -$9.400M
YoY Change 216.25% 1.27% 80.77%
Acquisitions
YoY Change
Other Investing Activities -$547.1M -$137.6M -$468.5M
YoY Change 297.6% 628.04% 2474.18%
Cash From Investing Activities -$572.4M -$145.7M -$477.9M
YoY Change 292.86% 441.64% 1942.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 768.5M 1.700M 89.40M
YoY Change 45105.88% 1600.0% -68.58%
NET CHANGE
Cash From Operating Activities 46.50M 38.80M 29.90M
Cash From Investing Activities -572.4M -145.7M -477.9M
Cash From Financing Activities 768.5M 1.700M 89.40M
Net Change In Cash 242.6M -105.2M -358.6M
YoY Change -330.61% 1778.57% -228.99%
FREE CASH FLOW
Cash From Operating Activities $46.50M $38.80M $29.90M
Capital Expenditures -$25.30M -$8.000M -$9.400M
Free Cash Flow $71.80M $46.80M $39.30M
YoY Change 53.42% 60.82% 77.83%

Facts In Submission

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dei Entity Address Postal Zip Code
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dei Current Fiscal Year End Date
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CHEGG, INC
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
507000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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2429000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
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CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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CY2020Q2 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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237462000 USD
CY2020Q3 chgg Adjustments To Additional Paid In Capital Purchase Of Capped Call
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103400000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
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345552000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2020Q3 chgg Adjustments To Additional Paid In Capital Proceeds From Capped Call
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57414000 USD
CY2020Q3 chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
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CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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21529000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q3 chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanandStockOptionsExercised
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CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2019Q3 us-gaap Stock Issued During Period Value Acquisitions
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CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2019Q3 us-gaap Net Income Loss
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CY2019Q3 us-gaap Stockholders Equity
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CY2019Q4 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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237462000 USD
chgg Adjustments To Additional Paid In Capital Purchase Of Capped Call
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us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
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345552000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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chgg Adjustments To Additional Paid In Capital Proceeds From Capped Call
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57414000 USD
chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanandStockOptionsExercised
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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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59409000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2429000 USD
us-gaap Net Income Loss
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
645392000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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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
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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
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47355000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
468512000 USD
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-17824000 USD
chgg Depreciation Textbook Library
DepreciationTextbookLibrary
10699000 USD
chgg Depreciation Textbook Library
DepreciationTextbookLibrary
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us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
33088000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
21369000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
47355000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
42910000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
30114000 USD
chgg Repayments Of Convertible Senior Notes Attributable To Debt Discount
RepaymentsOfConvertibleSeniorNotesAttributableToDebtDiscount
14912000 USD
chgg Repayments Of Convertible Senior Notes Attributable To Debt Discount
RepaymentsOfConvertibleSeniorNotesAttributableToDebtDiscount
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1057000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-832000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
10000000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
chgg Textbook Library Gain Loss Net
TextbookLibraryGainLossNet
2028000 USD
chgg Textbook Library Gain Loss Net
TextbookLibraryGainLossNet
0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
59000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3284000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
85000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
370000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-106000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
850000 USD
chgg Payment To Purchases Textbooks
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0 USD
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
6178000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
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20741000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2638000 USD
us-gaap Increase Decrease In Other Operating Assets
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-1989000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1634000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3983000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
32239000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
10039000 USD
us-gaap Increase Decrease In Accrued Liabilities
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34276000 USD
us-gaap Increase Decrease In Accrued Liabilities
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18095000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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-2088000 USD
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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168655000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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86575000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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57457000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31520000 USD
chgg Payment To Purchases Textbooks
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49641000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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91076000 USD
chgg Proceeds From Disposition Of Textbooks
ProceedsFromDispositionOfTextbooks
7012000 USD
chgg Proceeds From Disposition Of Textbooks
ProceedsFromDispositionOfTextbooks
0 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
968106000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
822869000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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0 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
53261000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
412046000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
190744000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2000000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
92796000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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chgg Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
9236000 USD
chgg Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
27723000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
65224000 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
984096000 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
780180000 USD
chgg Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
103400000 USD
chgg Payments For Convertible Senior Notes Capped Call
PaymentsForConvertibleSeniorNotesCappedCall
97200000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
159677000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
57414000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 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
NetCashProvidedByUsedInFinancingActivities
722445000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
599627000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
140158000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75818000 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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
529590000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
451763000 USD
us-gaap Interest Paid Net
InterestPaidNet
1546000 USD
us-gaap Interest Paid Net
InterestPaidNet
901000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2450000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1492000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
5174000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3847000 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
2638000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
6102000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
4452000 USD
chgg Noncash Or Part Noncash Acquisition Accrued Escrow
NoncashOrPartNoncashAcquisitionAccruedEscrow
7451000 USD
chgg Noncash Or Part Noncash Acquisition Accrued Escrow
NoncashOrPartNoncashAcquisitionAccruedEscrow
0 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
3003000 USD
chgg Stock Issued Repayment For Convertible Senior Notes
StockIssuedRepaymentForConvertibleSeniorNotes
327141000 USD
chgg Stock Issued Repayment For Convertible Senior Notes
StockIssuedRepaymentForConvertibleSeniorNotes
0 USD
chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
4683000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
527541000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
450457000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
313000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
125000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1736000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1181000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
529590000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
451763000 USD
us-gaap Use Of Estimates
UseOfEstimates
<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>
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
154018000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
94151000 USD
CY2020Q3 chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecrease
59867000 USD
CY2020Q3 chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease Percent
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecreasePercent
0.64
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
438617000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
285422000 USD
chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecrease
153195000 USD
chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease Percent
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecreasePercent
0.54
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
25400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18000000.0 USD
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
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
51900000 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12487000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11529000 USD
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
958000 USD
chgg Increase Decreasein Accounts Receivable Percent
IncreaseDecreaseinAccountsReceivablePercent
0.08
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
51941000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
18780000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
33161000 USD
chgg Increase Decreasein Contractwith Customer Liability Percent
IncreaseDecreaseinContractwithCustomerLiabilityPercent
1.77
CY2020Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8214000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3531000 USD
chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
1.33
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
1000000.0 USD
chgg Increase Decreasein Accounts Receivable Percent
IncreaseDecreaseinAccountsReceivablePercent
0.08
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
33200000 USD
chgg Increase Decreasein Contractwith Customer Liability Percent
IncreaseDecreaseinContractwithCustomerLiabilityPercent
1.77
chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
4700000 USD
chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
1.33
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-37140000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-11477000 USD
us-gaap Net Income Loss
NetIncomeLoss
-32264000 USD
us-gaap Net Income Loss
NetIncomeLoss
-17824000 USD
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
126194000 shares
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
120085000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
124162000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
118547000 shares
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.26
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12989000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10058000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8828000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11379000 shares
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1028399000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1031000000 USD
CY2020Q3 chgg Availableforsale Securities Debt Maturities Year One Through Two Amortized Cost Basis
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughTwoAmortizedCostBasis
521269000 USD
CY2020Q3 chgg Availableforsale Securities Debt Maturities Year One Through Two Fair Value
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughTwoFairValue
521261000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
202522000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
202522000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1752190000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1754783000 USD
chgg Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
P12M
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
10000000.0 USD
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
417000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-192000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-288000 USD
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 USD
CY2020Q3 us-gaap Goodwill
Goodwill
284809000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
214513000 USD
CY2020Q3 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2020Q3 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-124000 USD
chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-124000 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P64M
CY2020Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
99925000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
44539000 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
55386000 USD
CY2019Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2019Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 USD
CY2020Q1 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-398000 USD
CY2020Q1 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-398000 USD
CY2020Q1 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
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4404000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
13320000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10889000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8760000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5707000 USD
CY2020Q3 chgg Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
8706000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51786000 USD
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000.0 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21529000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16865000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
59409000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47355000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2900000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1800000 USD

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