$CHGG
CHEGG, INC

2021 Q2 Form 10-Q Financial Statement

#000136495421000071 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $198.5M $153.0M $131.6M
YoY Change 29.72% 63.01% 35.09%
Cost Of Revenue $60.71M $43.52M $42.39M
YoY Change 39.48% 112.13% 81.66%
Gross Profit $137.8M $109.5M $89.20M
YoY Change 25.83% 49.28% 20.42%
Gross Profit Margin 69.41% 71.55% 67.79%
Selling, General & Admin $61.41M $47.05M $46.38M
YoY Change 30.51% 36.71% 9.43%
% of Gross Profit 44.57% 42.97% 52.0%
Research & Development $41.60M $40.37M $39.54M
YoY Change 3.02% 25.91% 20.95%
% of Gross Profit 30.19% 36.88% 44.33%
Depreciation & Amortization $18.17M $14.10M $12.80M
YoY Change 28.85% 98.59% 88.24%
% of Gross Profit 13.19% 12.88% 14.35%
Operating Expenses $103.0M $87.42M $85.92M
YoY Change 17.82% 31.41% 14.41%
Operating Profit $34.77M $22.06M $3.276M
YoY Change 57.61% 223.71% -418.99%
Interest Expense $1.851M $3.193M $4.856M
YoY Change -42.03% -123.65% -215.62%
% of Operating Profit 5.32% 14.47% 148.23%
Other Income/Expense, Net $219.0K -$10.19M -$8.467M
YoY Change -102.15% 23.29% 217.71%
Pretax Income $34.99M $11.88M -$5.191M
YoY Change 194.62% -921.3% 40.6%
Income Tax $2.225M $1.287M $522.0K
% Of Pretax Income 6.36% 10.84%
Net Earnings $32.76M $10.59M -$5.713M
YoY Change 209.42% -621.88% 32.31%
Net Earnings / Revenue 16.51% 6.92% -4.34%
Basic Earnings Per Share $0.23 $0.09 -$0.05
Diluted Earnings Per Share $0.20 $0.08 -$0.05
COMMON SHARES
Basic Shares Outstanding 143.1M shares 123.8M shares 122.4M shares
Diluted Shares Outstanding 168.3M shares 133.9M shares 122.4M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.062B $702.6M $763.9M
YoY Change 193.44% -13.81% -22.42%
Cash & Equivalents $840.1M $285.1M $359.1M
Short-Term Investments $1.222B $417.5M $404.8M
Other Short-Term Assets $25.64M $14.65M $19.53M
YoY Change 75.04% 0.29% 101.51%
Inventory
Prepaid Expenses $18.81M $16.06M $17.85M
Receivables $10.09M $8.834M $6.493M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.116B $742.1M $807.8M
YoY Change 185.16% -12.47% -20.72%
LONG-TERM ASSETS
Property, Plant & Equipment $149.6M $105.6M $97.89M
YoY Change 41.64% 37.26% 34.21%
Goodwill $290.7M $284.7M $214.3M
YoY Change 2.12% 90.47% 43.38%
Intangibles $46.62M $59.52M $32.08M
YoY Change -21.68% 166.03% 33.11%
Long-Term Investments $484.9M $280.5M $273.1M
YoY Change 72.85% -2.84% 2084.8%
Other Assets $24.07M $25.07M $23.55M
YoY Change -3.97% 61.27% 52.83%
Total Long-Term Assets $1.035B $797.7M $687.2M
YoY Change 29.7% 40.5% 136.7%
TOTAL ASSETS
Total Short-Term Assets $2.116B $742.1M $807.8M
Total Long-Term Assets $1.035B $797.7M $687.2M
Total Assets $3.151B $1.540B $1.495B
YoY Change 104.62% 8.77% 14.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.211M $6.421M $13.61M
YoY Change -3.27% 105.08% 114.56%
Accrued Expenses $72.64M $50.07M $47.24M
YoY Change 45.09% 33.78% 32.31%
Deferred Revenue $34.68M $28.32M $35.75M
YoY Change 22.46% 50.47% 36.07%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $113.5M $90.49M $101.8M
YoY Change 25.46% 41.06% 39.57%
LONG-TERM LIABILITIES
Long-Term Debt $1.675B $926.2M $913.2M
YoY Change 80.88% 5.96% 15.68%
Other Long-Term Liabilities $8.377M $11.87M $3.983M
YoY Change -29.41% 230.37% 20.3%
Total Long-Term Liabilities $1.700B $951.0M $930.2M
YoY Change 78.71% 6.62% 15.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.5M $90.49M $101.8M
Total Long-Term Liabilities $1.700B $951.0M $930.2M
Total Liabilities $1.813B $1.042B $1.032B
YoY Change 74.08% 8.93% 17.14%
SHAREHOLDERS EQUITY
Retained Earnings -$368.1M -$411.5M -$422.1M
YoY Change -10.54% -0.37% 2.7%
Common Stock $1.707B $908.0M $890.4M
YoY Change 87.99% 3.99% 5.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.338B $498.4M $462.9M
YoY Change
Total Liabilities & Shareholders Equity $3.151B $1.540B $1.495B
YoY Change 104.62% 8.77% 14.19%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $32.76M $10.59M -$5.713M
YoY Change 209.42% -621.88% 32.31%
Depreciation, Depletion And Amortization $18.17M $14.10M $12.80M
YoY Change 28.85% 98.59% 88.24%
Cash From Operating Activities $70.90M $59.20M $62.97M
YoY Change 19.77% 97.99% 250.97%
INVESTING ACTIVITIES
Capital Expenditures -$28.11M -$25.00M $19.97M
YoY Change 12.45% 165.96% 42.0%
Acquisitions $0.00
YoY Change
Other Investing Activities $218.2M -$106.2M $9.500M
YoY Change -305.49% -77.33% -65.07%
Cash From Investing Activities $190.2M -$131.2M -$47.26M
YoY Change -244.98% -72.55% -458.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.26M -1.900M -$44.17M
YoY Change 3966.11% -102.13% -108.69%
NET CHANGE
Cash From Operating Activities 70.90M 59.20M $62.97M
Cash From Investing Activities 190.2M -131.2M -$47.26M
Cash From Financing Activities -77.26M -1.900M -$44.17M
Net Change In Cash 183.9M -73.90M -$28.46M
YoY Change -348.8% -79.39% -105.28%
FREE CASH FLOW
Cash From Operating Activities $70.90M $59.20M $62.97M
Capital Expenditures -$28.11M -$25.00M $19.97M
Free Cash Flow $99.01M $84.20M $43.00M
YoY Change 17.59% 114.25% 1008.01%

Facts In Submission

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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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3990 Freedom Circle
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dei Security12b Title
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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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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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CY2021Q2 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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CY2021Q2 us-gaap Net Income Loss
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CY2020Q2 chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
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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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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
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CY2020Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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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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67769000 USD
chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
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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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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2019Q4 us-gaap Stockholders Equity
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chgg Stock Issued During Period Value Employee Stock Purchase Planand Stock Options Exercised
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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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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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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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chgg Depreciation Textbook Library
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us-gaap Other Depreciation And Amortization
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us-gaap Other Depreciation And Amortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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37880000 USD
us-gaap Amortization Of Financing Costs And Discounts
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3097000 USD
us-gaap Amortization Of Financing Costs And Discounts
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25892000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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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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5338000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
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0 USD
chgg Textbook Library Gain Loss Net
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chgg Textbook Library Gain Loss Net
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1371000 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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us-gaap Increase Decrease In Accounts Receivable
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14715000 USD
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us-gaap Increase Decrease In Other Operating Assets
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712000 USD
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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2062000 USD
us-gaap Increase Decrease In Deferred Revenue
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8117000 USD
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4197000 USD
us-gaap Increase Decrease In Accrued Liabilities
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17389000 USD
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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 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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122205000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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46595000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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43111000 USD
chgg Payment To Purchases Textbooks
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5018000 USD
chgg Payment To Purchases Textbooks
PaymentToPurchasesTextbooks
38668000 USD
chgg Proceeds From Disposition Of Textbooks
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6709000 USD
chgg Proceeds From Disposition Of Textbooks
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3415000 USD
us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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455536000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
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2000000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
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7081000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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7891000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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92796000 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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5267000 USD
chgg Proceeds From Issuance Of Employee Stock Purchase Plan
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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74642000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Issuance Of Common Stock
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1091466000 USD
us-gaap Proceeds From Issuance Of Common Stock
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0 USD
us-gaap Repayments Of Convertible Debt
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300751000 USD
us-gaap Repayments Of Convertible Debt
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0 USD
us-gaap Proceeds From Convertible Debt
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69004000 USD
us-gaap Proceeds From Convertible Debt
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0 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
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
481715000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389432000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
841776000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287090000 USD
us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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931000 USD
us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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1247000 USD
us-gaap Operating Lease Payments
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4030000 USD
us-gaap Operating Lease Payments
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3350000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1713000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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2341000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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754000 USD
chgg Noncash Or Part Noncash Acquisition Accrued Escrow
NoncashOrPartNoncashAcquisitionAccruedEscrow
0 USD
chgg Noncash Or Part Noncash Acquisition Accrued Escrow
NoncashOrPartNoncashAcquisitionAccruedEscrow
7451000 USD
chgg Stock Issued Repayment For Convertible Senior Notes
StockIssuedRepaymentForConvertibleSeniorNotes
235521000 USD
chgg Stock Issued Repayment For Convertible Senior Notes
StockIssuedRepaymentForConvertibleSeniorNotes
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CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
840056000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
285064000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2020Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
308000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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1720000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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1718000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
841776000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287090000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe 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. 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.
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
CY2020Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
CY2021Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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0 USD
CY2020Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
5338000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
CY2021Q2 us-gaap Interest Income Expense Nonoperating Net
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1851000 USD
CY2020Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
3193000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
3900000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
8049000 USD
CY2021Q2 chgg Other Income Expense
OtherIncomeExpense
69000 USD
CY2020Q2 chgg Other Income Expense
OtherIncomeExpense
47000 USD
chgg Other Income Expense
OtherIncomeExpense
774000 USD
chgg Other Income Expense
OtherIncomeExpense
151000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3240000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
198478000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
153009000 USD
CY2021Q2 chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecrease
45469000 USD
CY2021Q2 chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease Percent
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0.30
us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
284599000 USD
chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecrease
112257000 USD
chgg Revenuefrom Contractwith Customer Including Assessed Tax Increase Decrease Percent
RevenuefromContractwithCustomerIncludingAssessedTaxIncreaseDecreasePercent
0.39
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
44100000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
32000000.0 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
33400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
17800000 USD
CY2021Q2 chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
2900000 USD
chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
3400000 USD
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
10091000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12913000 USD
chgg Increase Decrease In Accounts Receivable Net
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chgg Increase Decreasein Accounts Receivable Percent
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CY2021Q2 us-gaap Contract With Customer Liability Current
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CY2020Q4 us-gaap Contract With Customer Liability Current
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32620000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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2062000 USD
chgg Increase Decreasein Contractwith Customer Liability Percent
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CY2021Q2 us-gaap Contract With Customer Asset Net Current
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16398000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
13243000 USD
chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
3155000 USD
chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
0.24
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
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chgg Increase Decreasein Accounts Receivable Percent
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us-gaap Increase Decrease In Contract With Customer Liability
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2100000 USD
chgg Increase Decreasein Contractwith Customer Liability Percent
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chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
3200000 USD
chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
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CY2021Q2 us-gaap Net Income Loss
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32764000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
10589000 USD
us-gaap Net Income Loss
NetIncomeLoss
-32415000 USD
us-gaap Net Income Loss
NetIncomeLoss
4876000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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143112000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123842000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138756000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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123135000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
32764000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
10589000 USD
us-gaap Net Income Loss
NetIncomeLoss
-32415000 USD
us-gaap Net Income Loss
NetIncomeLoss
4876000 USD
CY2021Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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1212000 USD
CY2020Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
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0 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
33976000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
10589000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-32415000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4876000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143112000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123842000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138756000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123135000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
22875000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
6344000 shares
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
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168282000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133851000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138756000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132674000 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1410000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
113000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28900000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
62000 shares
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1221089000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1221666000 USD
CY2021Q2 chgg Availableforsale Securities Debt Maturities Year One Through Two Amortized Cost Basis
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughTwoAmortizedCostBasis
485143000 USD
CY2021Q2 chgg Availableforsale Securities Debt Maturities Year One Through Two Fair Value
AvailableforsaleSecuritiesDebtMaturitiesYearOneThroughTwoFairValue
484853000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
807034000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
807034000 USD
CY2021Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2513266000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2513553000 USD
chgg Available For Sale Securities Weighted Average Maturity
AvailableForSaleSecuritiesWeightedAverageMaturity
P12M
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000.0 USD
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
165500000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28545000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19546000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
51645000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37880000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
700000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1200000 USD

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