2022 Q3 Form 10-Q Financial Statement

#000136495422000088 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $164.7M $194.7M $202.2M
YoY Change -4.19% -1.89% 1.95%
Cost Of Revenue $45.20M $45.68M $55.09M
YoY Change -32.64% -24.75% -22.83%
Gross Profit $119.5M $149.0M $147.2M
YoY Change 14.02% 8.18% 15.88%
Gross Profit Margin 72.56% 76.54% 72.76%
Selling, General & Admin $85.55M $89.21M $89.37M
YoY Change 39.76% 45.29% 39.45%
% of Gross Profit 71.56% 59.86% 60.73%
Research & Development $45.43M $52.48M $52.42M
YoY Change 4.99% 26.17% 13.62%
% of Gross Profit 38.0% 35.21% 35.62%
Depreciation & Amortization $22.37M $21.72M $21.81M
YoY Change 20.75% 19.58% 17.24%
% of Gross Profit 18.72% 14.58% 14.82%
Operating Expenses $131.0M $141.7M $141.8M
YoY Change 25.36% 37.57% 28.64%
Operating Profit -$11.44M $7.343M $5.376M
YoY Change -3267.59% -78.88% -67.96%
Interest Expense $3.737M $2.032M $1.477M
YoY Change 151.65% 9.78% -27.92%
% of Operating Profit 27.67% 27.47%
Other Income/Expense, Net $95.73M $193.0K $4.583M
YoY Change 1260.42% -11.87% -105.79%
Pretax Income $84.30M $7.536M $9.959M
YoY Change 1039.47% -78.46% -115.97%
Income Tax -$167.3M $60.00K $4.217M
% Of Pretax Income -198.46% 0.8% 42.34%
Net Earnings $251.6M $7.476M $5.742M
YoY Change 3682.32% -77.18% -108.81%
Net Earnings / Revenue 152.7% 3.84% 2.84%
Basic Earnings Per Share $1.99 $0.06 $0.04
Diluted Earnings Per Share $1.23 $0.06 $0.04
COMMON SHARES
Basic Shares Outstanding 126.4M shares 126.3M shares 132.2M shares
Diluted Shares Outstanding 148.0M shares 149.6M shares 133.3M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $940.8M $1.383B $1.183B
YoY Change -46.31% -32.9% -36.8%
Cash & Equivalents $69.35M $402.1M $267.7M
Short-Term Investments $871.4M $981.3M $915.4M
Other Short-Term Assets $35.20M $31.56M $14.67M
YoY Change 20.06% 23.07% -44.9%
Inventory
Prepaid Expenses $33.44M $20.12M $28.88M
Receivables $22.19M $16.82M $19.92M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.032B $1.452B $1.247B
YoY Change -43.5% -31.39% -35.6%
LONG-TERM ASSETS
Property, Plant & Equipment $202.4M $195.4M $187.7M
YoY Change 29.62% 30.57% 40.01%
Goodwill $589.7M $616.6M $641.3M
YoY Change 103.0% 112.11% 120.68%
Intangibles $80.65M $91.47M $102.7M
YoY Change 85.08% 96.2% 106.2%
Long-Term Investments $286.8M $265.7M $435.4M
YoY Change -64.75% -45.19% -38.78%
Other Assets $21.68M $17.95M $19.18M
YoY Change -3.58% -25.43% -25.08%
Total Long-Term Assets $1.366B $1.203B $1.416B
YoY Change 0.35% 16.23% 12.55%
TOTAL ASSETS
Total Short-Term Assets $1.032B $1.452B $1.247B
Total Long-Term Assets $1.366B $1.203B $1.416B
Total Assets $2.398B $2.655B $2.662B
YoY Change -24.77% -15.75% -16.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.90M $11.91M $9.549M
YoY Change 41.68% 91.76% -35.92%
Accrued Expenses $68.10M $69.16M $85.42M
YoY Change -7.12% -4.8% 9.39%
Deferred Revenue $60.48M $53.30M $60.46M
YoY Change 20.99% 53.67% 24.38%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $143.5M $134.4M $155.4M
YoY Change 7.21% 18.35% -38.1%
LONG-TERM LIABILITIES
Long-Term Debt $1.188B $1.681B $1.680B
YoY Change -29.18% 0.33% 0.34%
Other Long-Term Liabilities $7.996M $9.149M $6.528M
YoY Change -3.32% 9.22% -14.42%
Total Long-Term Liabilities $1.208B $1.701B $1.699B
YoY Change -28.91% 0.11% -0.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $143.5M $134.4M $155.4M
Total Long-Term Liabilities $1.208B $1.701B $1.699B
Total Liabilities $1.351B $1.836B $1.854B
YoY Change -26.28% 1.25% -4.94%
SHAREHOLDERS EQUITY
Retained Earnings -$72.41M -$324.0M -$331.4M
YoY Change -79.97% -12.0% -17.33%
Common Stock $1.221B $1.212B $1.177B
YoY Change -28.92% -29.02% -28.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.047B $818.8M $808.5M
YoY Change
Total Liabilities & Shareholders Equity $2.398B $2.655B $2.662B
YoY Change -24.77% -15.75% -16.63%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $251.6M $7.476M $5.742M
YoY Change 3682.32% -77.18% -108.81%
Depreciation, Depletion And Amortization $22.37M $21.72M $21.81M
YoY Change 20.75% 19.58% 17.24%
Cash From Operating Activities $37.96M $63.72M $80.04M
YoY Change -40.33% -10.13% 8.78%
INVESTING ACTIVITIES
Capital Expenditures -$21.96M -$27.88M $29.53M
YoY Change -16.13% -0.84% 55.57%
Acquisitions $401.1M
YoY Change 4983.32%
Other Investing Activities $78.00M $97.13M -$329.8M
YoY Change -155.09% -55.49% -55.51%
Cash From Investing Activities $56.04M $69.25M -$363.1M
YoY Change -133.41% -63.59% -52.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $300.5M
YoY Change -127.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -426.8M 1.348M -$307.5M
YoY Change 1836.2% -101.74% -135.44%
NET CHANGE
Cash From Operating Activities 37.96M 63.72M $80.04M
Cash From Investing Activities 56.04M 69.25M -$363.1M
Cash From Financing Activities -426.8M 1.348M -$307.5M
Net Change In Cash -332.8M 134.3M -$585.9M
YoY Change 163.78% -26.94% -432.46%
FREE CASH FLOW
Cash From Operating Activities $37.96M $63.72M $80.04M
Capital Expenditures -$21.96M -$27.88M $29.53M
Free Cash Flow $59.92M $91.60M $50.50M
YoY Change -33.28% -7.49% -7.49%

Facts In Submission

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CY2021Q2 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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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2022Q2 us-gaap Net Income Loss
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CY2021Q2 chgg Stock Issued During Period Value Employee Stock Purchase Plan And Stock Options Exercised
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CY2021Q2 us-gaap Stockholders Equity
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chgg Impairment Of Operating Lease Right Of Use Assets And Leasehold Improvements
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CY2021Q4 us-gaap Stockholders Equity
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us-gaap Stock Repurchased During Period Value
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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 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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us-gaap Net Income Loss
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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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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chgg Stock Issued During Period Value Employee Stock Purchase Plan And Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionsExercised
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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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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us-gaap Net Income Loss
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CY2021Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
NetIncomeLoss
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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
OtherDepreciationAndAmortization
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us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Amortization Of Financing Costs And Discounts
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2779000 usd
us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
4628000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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chgg Impairment Of Operating Lease Right Of Use Assets And Leasehold Improvements
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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
DerivativeGainLossOnDerivativeNet
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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
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
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us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
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chgg Textbook Library Gain Loss Net
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chgg Textbook Library Gain Loss Net
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us-gaap Operating Lease Cost
OperatingLeaseCost
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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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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Expenses Other
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us-gaap Increase Decrease In Prepaid Expenses Other
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us-gaap Increase Decrease In Other Operating Assets
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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 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 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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us-gaap Payments To Acquire Property Plant And Equipment
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chgg Increase Decrease In Accounts Receivable Percent
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chgg Payment To Purchases Textbooks
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chgg Payment To Purchases Textbooks
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chgg Proceeds From Disposition Of Textbooks
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chgg Proceeds From Disposition Of Textbooks
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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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522466000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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455536000 usd
us-gaap Proceeds From Sale Of Equity Method Investments
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us-gaap Proceeds From Sale Of Equity Method Investments
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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401125000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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7891000 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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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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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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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Repayments Of Convertible Debt
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us-gaap Repayments Of Convertible Debt
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us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Convertible Debt
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
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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 Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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4628000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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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
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
360061000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
481715000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
404344000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
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us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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chgg Stock Issued For Repayment Of Debt
StockIssuedForRepaymentOfDebt
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chgg Stock Issued For Repayment Of Debt
StockIssuedForRepaymentOfDebt
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CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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chgg Increase Decrease In Contract With Customer Assets Percent
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CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2021Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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2191000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1720000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
841776000 usd
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities; the disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reporting periods. 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.
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Increase Decrease In Contract With Customer Liability
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18200000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
4628000 usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021Q2 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 Gains Losses On Extinguishment Of Debt
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CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2022Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
CY2021Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
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 Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2022Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2032000 usd
CY2021Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
1851000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
3509000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
3900000 usd
CY2022Q2 chgg Other Income Expense
OtherIncomeExpense
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CY2021Q2 chgg Other Income Expense
OtherIncomeExpense
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chgg Other Income Expense
OtherIncomeExpense
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chgg Other Income Expense
OtherIncomeExpense
774000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1809000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1920000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022Q2 us-gaap Asset Impairment Charges
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CY2022Q2 us-gaap Operating Lease Impairment Loss
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CY2022Q2 us-gaap Impairment Of Leasehold
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chgg Increase Decrease In Contract With Customer Liability Percent
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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q2 chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecrease
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CY2022Q2 chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecreasePercent
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
396965000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
396856000 usd
chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecrease
109000 usd
chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecreasePercent
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CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2022Q2 us-gaap Accounts Receivable Net Current
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AccountsReceivableNetCurrent
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chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
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chgg Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
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CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
12988000 usd
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ContractWithCustomerAssetNetCurrent
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chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
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chgg Increase Decrease In Contract With Customer Assets Percent
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CY2022Q2 us-gaap Contract With Customer Liability Current
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CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
18154000 usd
chgg Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
0.52
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7476000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
32764000 usd
us-gaap Net Income Loss
NetIncomeLoss
13218000 usd
us-gaap Net Income Loss
NetIncomeLoss
-32415000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126272000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143112000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129201000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138756000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7476000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
32764000 usd
us-gaap Net Income Loss
NetIncomeLoss
13218000 usd
us-gaap Net Income Loss
NetIncomeLoss
-32415000 usd
CY2022Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
1212000 usd
CY2021Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
1212000 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
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8688000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
33976000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13218000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-32415000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126272000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143112000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129201000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138756000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149574000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
168282000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129934000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138756000 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8041000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1410000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26520000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28900000 shares
CY2022Q1 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
4 claim
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1150040000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1138489000 usd
CY2022Q2 chgg Available For Sale Securities Debt Maturities Year One Through Two Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughTwoAmortizedCostBasis
273351000 usd
CY2022Q2 chgg Available For Sale Securities Debt Maturities Year One Through Two Fair Value
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughTwoFairValue
265729000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
199003000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
199003000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1622394000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1603221000 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
1646000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
289763000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
367376000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-41351000 usd
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
861000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
616649000 usd
CY2022Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 usd
CY2022Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P67M
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
172936000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
73729000 usd
CY2022Q2 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
7738000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
91469000 usd
CY2021Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 usd
CY2021Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
3600000 usd
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P65M
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
101154000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60588000 usd
CY2021Q4 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
0 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
40566000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
12893000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
24047000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13318000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11226000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10879000 usd
CY2022Q2 chgg Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
15506000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
87869000 usd
CY2022Q2 chgg Stock Repurchase Program Increase Of Authorized Amount
StockRepurchaseProgramIncreaseOfAuthorizedAmount
1000000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2000000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1100000000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31087000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28545000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
64171000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
51645000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2300000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4100000 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
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y6M

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