2023 Q2 Form 10-Q Financial Statement

#000136495423000068 Filed on May 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $182.9M $187.6M $202.2M
YoY Change -6.09% -7.24% 1.95%
Cost Of Revenue $47.41M $49.15M $55.09M
YoY Change 3.78% -10.77% -22.83%
Gross Profit $135.4M $138.5M $147.2M
YoY Change -9.12% -5.92% 15.88%
Gross Profit Margin 74.07% 73.8% 72.76%
Selling, General & Admin $101.3M $95.99M $89.37M
YoY Change 13.51% 7.41% 39.45%
% of Gross Profit 74.77% 69.33% 60.73%
Research & Development $52.87M $46.91M $52.42M
YoY Change 0.75% -10.51% 13.62%
% of Gross Profit 39.04% 33.88% 35.62%
Depreciation & Amortization $26.48M $25.54M $21.81M
YoY Change 21.91% 17.14% 17.24%
% of Gross Profit 19.55% 18.45% 14.82%
Operating Expenses $154.1M $142.9M $141.8M
YoY Change 8.78% 0.79% 28.64%
Operating Profit -$18.70M -$4.446M $5.376M
YoY Change -354.61% -182.7% -67.96%
Interest Expense $9.544M $11.26M $1.477M
YoY Change 369.69% 662.56% -27.92%
% of Operating Profit 27.47%
Other Income/Expense, Net -$332.0K $10.81M $4.583M
YoY Change -272.02% 135.83% -105.79%
Pretax Income $44.29M $6.362M $9.959M
YoY Change 487.75% -36.12% -115.97%
Income Tax $19.68M $4.176M $4.217M
% Of Pretax Income 44.43% 65.64% 42.34%
Net Earnings $24.61M $2.186M $5.742M
YoY Change 229.21% -61.93% -108.81%
Net Earnings / Revenue 13.46% 1.17% 2.84%
Basic Earnings Per Share $0.21 $0.02 $0.04
Diluted Earnings Per Share $0.19 $0.02 $0.04
COMMON SHARES
Basic Shares Outstanding 119.7M shares 126.6M shares 132.2M shares
Diluted Shares Outstanding 132.9M shares 124.3M shares 133.3M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $385.1M $559.2M $1.183B
YoY Change -72.17% -52.74% -36.8%
Cash & Equivalents $136.8M $281.3M $267.7M
Short-Term Investments $209.7M $277.9M $915.4M
Other Short-Term Assets $40.99M $30.83M $14.67M
YoY Change 29.89% 110.16% -44.9%
Inventory
Prepaid Expenses $18.62M $25.49M $28.88M
Receivables $20.67M $22.00M $19.92M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $446.7M $637.5M $1.247B
YoY Change -69.23% -48.86% -35.6%
LONG-TERM ASSETS
Property, Plant & Equipment $226.6M $201.3M $187.7M
YoY Change 15.98% 7.22% 40.01%
Goodwill $629.6M $622.7M $641.3M
YoY Change 2.09% -2.9% 120.68%
Intangibles $67.63M $73.09M $102.7M
YoY Change -26.06% -28.83% 106.2%
Long-Term Investments $422.8M $613.9M $435.4M
YoY Change 59.09% 40.98% -38.78%
Other Assets $175.3M $19.82M $19.18M
YoY Change 876.45% 3.35% -25.08%
Total Long-Term Assets $1.522B $1.724B $1.416B
YoY Change 26.54% 21.79% 12.55%
TOTAL ASSETS
Total Short-Term Assets $446.7M $637.5M $1.247B
Total Long-Term Assets $1.522B $1.724B $1.416B
Total Assets $1.969B $2.362B $2.662B
YoY Change -25.84% -11.29% -16.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.95M $13.06M $9.549M
YoY Change 8.77% 36.75% -35.92%
Accrued Expenses $76.66M $68.03M $85.42M
YoY Change 10.84% -20.37% 9.39%
Deferred Revenue $53.20M $58.57M $60.46M
YoY Change -0.18% -3.13% 24.38%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $142.8M $139.7M $155.4M
YoY Change 6.28% -10.15% -38.1%
LONG-TERM LIABILITIES
Long-Term Debt $767.0M $1.190B $1.680B
YoY Change -54.37% -29.17% 0.34%
Other Long-Term Liabilities $23.68M $2.662M $6.528M
YoY Change 158.83% -59.22% -14.42%
Total Long-Term Liabilities $790.7M $1.215B $1.699B
YoY Change -53.52% -28.44% -0.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $142.8M $139.7M $155.4M
Total Long-Term Liabilities $790.7M $1.215B $1.699B
Total Liabilities $933.5M $1.355B $1.854B
YoY Change -49.15% -26.91% -4.94%
SHAREHOLDERS EQUITY
Retained Earnings -$43.76M -$68.37M -$331.4M
YoY Change -86.49% -79.37% -17.33%
Common Stock $1.122B $1.120B $1.177B
YoY Change -7.4% -4.79% -28.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.035B $1.007B $808.5M
YoY Change
Total Liabilities & Shareholders Equity $1.969B $2.362B $2.662B
YoY Change -25.84% -11.29% -16.63%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $24.61M $2.186M $5.742M
YoY Change 229.21% -61.93% -108.81%
Depreciation, Depletion And Amortization $26.48M $25.54M $21.81M
YoY Change 21.91% 17.14% 17.24%
Cash From Operating Activities $62.75M $73.16M $80.04M
YoY Change -1.53% -8.59% 8.78%
INVESTING ACTIVITIES
Capital Expenditures $16.70M $17.17M $29.53M
YoY Change -159.9% -41.88% 55.57%
Acquisitions $0.00 $401.1M
YoY Change -100.0% 4983.32%
Other Investing Activities $252.9M -$89.61M -$329.8M
YoY Change 160.41% -72.83% -55.51%
Cash From Investing Activities $236.2M -$106.8M -$363.1M
YoY Change 241.11% -70.59% -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 -404.9M -$158.9M -$307.5M
YoY Change -30138.35% -48.32% -135.44%
NET CHANGE
Cash From Operating Activities 62.75M $73.16M $80.04M
Cash From Investing Activities 236.2M -$106.8M -$363.1M
Cash From Financing Activities -404.9M -$158.9M -$307.5M
Net Change In Cash -105.9M -$192.3M -$585.9M
YoY Change -178.87% -67.17% -432.46%
FREE CASH FLOW
Cash From Operating Activities $62.75M $73.16M $80.04M
Capital Expenditures $16.70M $17.17M $29.53M
Free Cash Flow $46.05M $55.99M $50.50M
YoY Change -49.73% 10.87% -7.49%

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ForeignCurrencyTransactionGainLossBeforeTax
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DepreciationTextbookLibrary
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GainLossOnSaleOfPropertyPlantEquipment
-120000 usd
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GainLossOnSaleOfPropertyPlantEquipment
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TextbookLibraryGainLossNet
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OtherNoncashIncomeExpense
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OtherNoncashIncomeExpense
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IncreaseDecreaseInAccountsReceivable
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IncreaseDecreaseInPrepaidExpensesOther
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IncreaseDecreaseInPrepaidExpensesOther
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IncreaseDecreaseInOtherOperatingAssets
-2803000 usd
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IncreaseDecreaseInOtherOperatingAssets
-8342000 usd
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IncreaseDecreaseInAccountsPayable
-336000 usd
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IncreaseDecreaseInAccountsPayable
-7534000 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2012000 usd
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IncreaseDecreaseInDeferredRevenue
8554000 usd
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IncreaseDecreaseInAccruedLiabilities
-2569000 usd
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IncreaseDecreaseInAccruedLiabilities
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CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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IncreaseDecreaseInOtherOperatingLiabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
73160000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17166000 usd
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q1 chgg Payment To Purchases Textbooks
PaymentToPurchasesTextbooks
0 usd
CY2022Q1 chgg Payment To Purchases Textbooks
PaymentToPurchasesTextbooks
3692000 usd
CY2023Q1 chgg Proceeds From Disposition Of Textbooks
ProceedsFromDispositionOfTextbooks
0 usd
CY2022Q1 chgg Proceeds From Disposition Of Textbooks
ProceedsFromDispositionOfTextbooks
2499000 usd
CY2023Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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PaymentsToAcquireMarketableSecurities
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CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
407759000 usd
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
342059000 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
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PaymentsToAcquireBusinessesNetOfCashAcquired
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NetCashProvidedByUsedInInvestingActivities
-106779000 usd
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NetCashProvidedByUsedInInvestingActivities
-363072000 usd
CY2023Q1 chgg Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
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ProceedsFromIssuanceOfEmployeeStockPurchasePlan
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CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
151311000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
300450000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4628000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
475854000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
855893000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
283520000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
270023000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
437000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
437000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2017000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1101000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2866000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1852000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12407000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2715000 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
3941000 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
5778000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
281302000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
267731000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
63000 usd
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RestrictedCashAndCashEquivalentsAtCarryingValue
70000 usd
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RestrictedCashAndCashEquivalentsNoncurrent
2155000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2222000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
283520000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
270023000 usd
CY2023Q1 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.
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification of Prior Period Presentation</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In order to conform with current period presentation, $0.7 million of deferred tax assets during the three months ended March 31, 2022 has been reclassified from other non-cash items on our condensed consolidated statements of cash flows. This change in presentation does not affect previously reported results.</span></div>
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12400000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6388000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7875000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6625000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5940000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5515000 usd
CY2023Q1 chgg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1902000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34245000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4322000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
29923000 usd
CY2023Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
11263000 usd
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
1477000 usd
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
4628000 usd
CY2023Q1 chgg Other Miscellaneous Income Expense
OtherMiscellaneousIncomeExpense
813000 usd
CY2022Q1 chgg Other Miscellaneous Income Expense
OtherMiscellaneousIncomeExpense
75000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12076000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6180000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
187601000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
202244000 usd
CY2023Q1 chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecrease
-14643000 usd
CY2023Q1 chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecreasePercent
-0.07
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
39100000 usd
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
30900000 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
22000000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
23515000 usd
CY2023Q1 chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
-1515000 usd
CY2023Q1 chgg Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
-0.06
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
11505000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
11946000 usd
CY2023Q1 chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
-441000 usd
CY2023Q1 chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
-0.04
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
58568000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
56273000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2295000 usd
CY2023Q1 chgg Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
0.04
CY2023Q1 chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
-1500000 usd
CY2023Q1 chgg Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
-0.06
CY2023Q1 chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
-400000 usd
CY2023Q1 chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
-0.04
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2300000 usd
CY2023Q1 chgg Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
0.04
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
2186000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
5742000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123710000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132162000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
2186000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
5742000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123710000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132162000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124304000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133270000 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24509000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25175000 shares
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
380542000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
378042000 usd
CY2023Q1 chgg Available For Sale Securities Debt Maturities Year One Through Two Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughTwoAmortizedCostBasis
612822000 usd
CY2023Q1 chgg Available For Sale Securities Debt Maturities Year One Through Two Fair Value
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughTwoFairValue
613863000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
149731000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
149731000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1143095000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1141636000 usd
CY2022Q2 chgg Stock Repurchase Program Increase Of Authorized Amount
StockRepurchaseProgramIncreaseOfAuthorizedAmount
1000000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2000000000 usd
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
492600000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33746000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33084000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1000000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1800000 usd

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