$CHGG
CHEGG, INC Stock $chgg

$chgg Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000136495423000121 Filed on August 07, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$157.9M	$182.9M
YoY Change	-4.18%	-6.09%
Cost Of Revenue	$83.58M	$47.41M
YoY Change	84.89%	3.78%
Gross Profit	$74.28M	$135.4M
YoY Change	-37.86%	-9.12%
Gross Profit Margin	47.06%	74.07%
Selling, General & Admin	$85.95M	$101.3M
YoY Change	0.47%	13.51%
% of Gross Profit	115.71%	74.77%
Research & Development	$46.20M	$52.87M
YoY Change	1.71%	0.75%
% of Gross Profit	62.2%	39.04%
Depreciation & Amortization	$56.90M	$26.48M
YoY Change	154.31%	21.91%
% of Gross Profit	76.6%	19.55%
Operating Expenses	$132.1M	$154.1M
YoY Change	0.9%	8.78%
Operating Profit	-$57.87M	-$18.70M
YoY Change	406.08%	-354.61%
Interest Expense	$8.430M	$9.544M
YoY Change	125.58%	369.69%
% of Operating Profit
Other Income/Expense, Net	$39.76M	-$332.0K
YoY Change	-58.47%	-272.02%
Pretax Income	-$18.11M	$44.29M
YoY Change	-121.48%	487.75%
Income Tax	$172.0K	$19.68M
% Of Pretax Income		44.43%
Net Earnings	-$18.28M	$24.61M
YoY Change	-107.27%	229.21%
Net Earnings / Revenue	-11.58%	13.46%
Basic Earnings Per Share	-$0.16	$0.21
Diluted Earnings Per Share	-$0.16	$0.19
COMMON SHARES
Basic Shares Outstanding	115.3M shares	119.7M shares
Diluted Shares Outstanding	115.4M shares	132.9M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$261.3M	$385.1M
YoY Change	-72.22%	-72.17%
Cash & Equivalents	$94.42M	$136.8M
Short-Term Investments	$166.8M	$209.7M
Other Short-Term Assets	$25.20M	$40.99M
YoY Change	-28.42%	29.89%
Inventory
Prepaid Expenses	$30.76M	$18.62M
Receivables	$30.48M	$20.67M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$347.7M	$446.7M
YoY Change	-66.29%	-69.23%
LONG-TERM ASSETS
Property, Plant & Equipment	$168.7M	$226.6M
YoY Change	-16.62%	15.98%
Goodwill	$617.7M	$629.6M
YoY Change	4.75%	2.09%
Intangibles	$56.64M	$67.63M
YoY Change	-29.77%	-26.06%
Long-Term Investments	$412.5M	$422.8M
YoY Change	43.84%	59.09%
Other Assets	$28.96M	$175.3M
YoY Change	33.6%	876.45%
Total Long-Term Assets	$1.457B	$1.522B
YoY Change	6.64%	26.54%
TOTAL ASSETS
Total Short-Term Assets	$347.7M	$446.7M
Total Long-Term Assets	$1.457B	$1.522B
Total Assets	$1.805B	$1.969B
YoY Change	-24.74%	-25.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.19M	$12.95M
YoY Change	22.04%	8.77%
Accrued Expenses	$73.13M	$76.66M
YoY Change	7.4%	10.84%
Deferred Revenue	$58.91M	$53.20M
YoY Change	-2.59%	-0.18%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$150.2M	$142.8M
YoY Change	4.71%	6.28%
LONG-TERM LIABILITIES
Long-Term Debt	$599.3M	$767.0M
YoY Change	-49.53%	-54.37%
Other Long-Term Liabilities	$2.236M	$23.68M
YoY Change	-72.04%	158.83%
Total Long-Term Liabilities	$621.1M	$790.7M
YoY Change	-48.58%	-53.52%
TOTAL LIABILITIES
Total Short-Term Liabilities	$150.2M	$142.8M
Total Long-Term Liabilities	$621.1M	$790.7M
Total Liabilities	$771.3M	$933.5M
YoY Change	-42.92%	-49.15%
SHAREHOLDERS EQUITY
Retained Earnings	-$62.04M	-$43.76M
YoY Change	-14.33%	-86.49%
Common Stock	$1.152B	$1.122B
YoY Change	-5.65%	-7.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.033B	$1.035B
YoY Change
Total Liabilities & Shareholders Equity	$1.805B	$1.969B
YoY Change	-24.74%	-25.84%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	-$18.28M	$24.61M
YoY Change	-107.27%	229.21%
Depreciation, Depletion And Amortization	$56.90M	$26.48M
YoY Change	154.31%	21.91%
Cash From Operating Activities	$32.80M	$62.75M
YoY Change	-13.6%	-1.53%
INVESTING ACTIVITIES
Capital Expenditures	$23.40M	$16.70M
YoY Change	-206.58%	-159.9%
Acquisitions
YoY Change
Other Investing Activities	$49.20M	$252.9M
YoY Change	-36.92%	160.41%
Cash From Investing Activities	$25.70M	$236.2M
YoY Change	-54.14%	241.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-139.0M	-404.9M
YoY Change	-67.43%	-30138.35%
NET CHANGE
Cash From Operating Activities	32.80M	62.75M
Cash From Investing Activities	25.70M	236.2M
Cash From Financing Activities	-139.0M	-404.9M
Net Change In Cash	-80.50M	-105.9M
YoY Change	-75.81%	-178.87%
FREE CASH FLOW
Cash From Operating Activities	$32.80M	$62.75M
Capital Expenditures	$23.40M	$16.70M
Free Cash Flow	$9.400M	$46.05M
YoY Change	-84.31%	-49.73%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	115177618	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	115177618	shares
CY2023Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	35057000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	36627000	usd
CY2023Q2	chgg	Adjustments To Additional Paid In Capital Proceeds From Capped Call AdjustmentsToAdditionalPaidInCapitalProceedsFromCappedCall	297000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	-2754000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	33392000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-31946000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	7476000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1116589000	usd
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	186368000	usd
	chgg	Stock Issued During Period Value Employee Stock Purchase Plan And Stock Options Exercised StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionsExercised	3079000	usd
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	-11066000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	71363000	usd
	chgg	Adjustments To Additional Paid In Capital Proceeds From Capped Call AdjustmentsToAdditionalPaidInCapitalProceedsFromCappedCall	297000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	14309000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1035001000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	1106917000	usd
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	300450000	usd
	chgg	Stock Issued During Period Value Employee Stock Purchase Plan And Stock Options Exercised StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionsExercised	4557000	usd
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	-10220000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	68303000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-63534000	usd
	us-gaap	Net Income Loss NetIncomeLoss	13218000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	818791000	usd
	us-gaap	Net Income Loss NetIncomeLoss	26798000	usd
	us-gaap	Net Income Loss NetIncomeLoss	13218000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	69666000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	64171000	usd
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	52027000	usd
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	41921000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	20142000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-303000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	53777000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Restructuring Costs RestructuringCosts	5704000	usd
	us-gaap	Restructuring Costs RestructuringCosts	0	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	3009000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	3242000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1988000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	2779000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-450000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-2767000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	0	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	4628000	usd
	chgg	Depreciation Textbook Library DepreciationTextbookLibrary	0	usd
	chgg	Depreciation Textbook Library DepreciationTextbookLibrary	1610000	usd
	chgg	Impairment Of Operating Lease Right Of Use Assets And Leasehold Improvements ImpairmentOfOperatingLeaseRightOfUseAssetsAndLeaseholdImprovements	3411000	usd
	chgg	Textbook Library Gain Loss Net TextbookLibraryGainLossNet	0	usd
	chgg	Textbook Library Gain Loss Net TextbookLibraryGainLossNet	4967000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	1083000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-470000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3081000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3227000	usd
	us-gaap	Increase Decrease In Prepaid Expenses Other IncreaseDecreaseInPrepaidExpensesOther	-15082000	usd
	us-gaap	Increase Decrease In Prepaid Expenses Other IncreaseDecreaseInPrepaidExpensesOther	-28768000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-5470000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-13058000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-671000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-5246000	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-3634000	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	4256000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-7140000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-21034000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-8205000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-2965000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	135907000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	143755000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	33864000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	57286000	usd
	chgg	Payment To Purchases Textbooks PaymentToPurchasesTextbooks	0	usd
	chgg	Payment To Purchases Textbooks PaymentToPurchasesTextbooks	3815000	usd
	chgg	Proceeds From Disposition Of Textbooks ProceedsFromDispositionOfTextbooks	9787000	usd
	chgg	Proceeds From Disposition Of Textbooks ProceedsFromDispositionOfTextbooks	2494000	usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	356553000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	476862000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	522466000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	238681000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	0	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	9604000	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	401125000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	129453000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-293819000	usd
	chgg	Proceeds From Issuance Of Employee Stock Purchase Plan ProceedsFromIssuanceOfEmployeeStockPurchasePlan	3081000	usd
	chgg	Proceeds From Issuance Of Employee Stock Purchase Plan ProceedsFromIssuanceOfEmployeeStockPurchasePlan	4558000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	11068000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	10221000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	186368000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	300450000	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	369761000	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	0	usd
CY2023Q2	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	297000	usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	0	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-563819000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-306113000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	197000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4628000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-298262000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-451549000	usd
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
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	177592000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	404344000	usd
	us-gaap	Interest Paid Net InterestPaidNet	517000	usd
	us-gaap	Interest Paid Net InterestPaidNet	437000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	6171000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	3915000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	4909000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	3869000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	12407000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	3244000	usd
	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	4518000	usd
	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	4057000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	175368000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	402089000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	60000	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	64000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	2164000	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents Noncurrent RestrictedCashAndCashEquivalentsNoncurrent	2191000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	177592000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<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%">Use of Estimates</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%">The 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 </span></div>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.
	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, $0.3 million of deferred tax assets during the six months ended June 30, 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>
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	12400000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	4356000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	7886000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	6622000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	5932000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	5515000	usd
CY2023Q2	chgg	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	1902000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	32213000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	3896000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	28317000	usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	53777000	usd
CY2022Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	53777000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	10658000	usd
CY2022Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	2032000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	21921000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	3509000	usd
CY2023Q2	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	0	usd
CY2022Q2	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	0	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	0	usd
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	4628000	usd
CY2023Q2	chgg	Other Miscellaneous Income Expense OtherMiscellaneousIncomeExpense	-332000	usd
CY2022Q2	chgg	Other Miscellaneous Income Expense OtherMiscellaneousIncomeExpense	-223000	usd
	chgg	Other Miscellaneous Income Expense OtherMiscellaneousIncomeExpense	481000	usd
	chgg	Other Miscellaneous Income Expense OtherMiscellaneousIncomeExpense	-148000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	64103000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1809000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	76179000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	7989000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	182853000	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	194721000	usd
CY2023Q2	chgg	Revenue From Contract With Customer Including Assessed Tax Increase Decrease RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecrease	-11868000	usd
CY2023Q2	chgg	Revenue From Contract With Customer Including Assessed Tax Increase Decrease Percent RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecreasePercent	-0.06
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	370454000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	396965000	usd
	chgg	Revenue From Contract With Customer Including Assessed Tax Increase Decrease RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecrease	-26511000	usd
	chgg	Revenue From Contract With Customer Including Assessed Tax Increase Decrease Percent RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecreasePercent	-0.07
CY2023Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	41100000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	47900000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	42200000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	32900000	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	20670000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	23515000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	10693000	usd
CY2022Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	11946000	usd
	chgg	Increase Decrease In Contract With Customer Assets IncreaseDecreaseInContractWithCustomerAssets	-1253000	usd
	chgg	Increase Decrease In Contract With Customer Assets Percent IncreaseDecreaseInContractWithCustomerAssetsPercent	-0.10
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	53200000	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	56273000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-3073000	usd
	chgg	Increase Decrease In Contract With Customer Liability Percent IncreaseDecreaseInContractWithCustomerLiabilityPercent	-0.05
	chgg	Increase Decrease In Accounts Receivable Net IncreaseDecreaseInAccountsReceivableNet	-2800000	usd
	chgg	Increase Decrease In Accounts Receivable Percent IncreaseDecreaseInAccountsReceivablePercent	-0.12
	chgg	Increase Decrease In Contract With Customer Assets IncreaseDecreaseInContractWithCustomerAssets	-1300000	usd
	chgg	Increase Decrease In Contract With Customer Assets Percent IncreaseDecreaseInContractWithCustomerAssetsPercent	-0.10
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-3100000	usd
	chgg	Increase Decrease In Contract With Customer Liability Percent IncreaseDecreaseInContractWithCustomerLiabilityPercent	-0.05
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	24612000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	7476000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117977000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	126272000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	120828000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	129201000	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.21
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.22
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.10
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	24612000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	7476000	usd
	us-gaap	Net Income Loss NetIncomeLoss	26798000	usd
	us-gaap	Net Income Loss NetIncomeLoss	13218000	usd
CY2023Q2	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-39398000	usd
CY2022Q2	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	-38446000	usd
	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	0	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-14786000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	8688000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-11648000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	13218000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117977000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	126272000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	120828000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	129201000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132944000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	149574000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	137416000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	129934000	shares
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.11
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.08
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.10
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9982000	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	8041000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7661000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	26520000	shares
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	210988000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	209686000	usd
CY2023Q2	chgg	Available For Sale Securities Debt Maturities Year One Through Two Amortized Cost Basis AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughTwoAmortizedCostBasis	427335000	usd
CY2023Q2	chgg	Available For Sale Securities Debt Maturities Year One Through Two Fair Value AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughTwoFairValue	422758000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost	136771000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue	136771000	usd
CY2023Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	775094000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	769215000	usd
	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	300000	usd
CY2023Q2	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	7000000	usd
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	257542	shares
CY2023Q2	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	27490828	shares
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	31087000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	69666000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	64171000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	1700000	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
CY2023Q2	chgg	Restructuring And Related Cost Number Of Positions Impacted RestructuringAndRelatedCostNumberOfPositionsImpacted	90	full_time_employee
CY2023Q2	us-gaap	Payments For Restructuring PaymentsForRestructuring	2000000	usd
CY2023Q2	us-gaap	Restructuring Reserve RestructuringReserve	3700000	usd
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	true
CY2023Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Trd Arr Ind Title TrdArrIndTitle	Chief Financial Officer
CY2023Q2	ecd	Trd Arr Adoption Date TrdArrAdoptionDate	May 19, 2023
CY2023Q2	ecd	Trd Arr Securities Agg Avail Amt TrdArrSecuritiesAggAvailAmt	28241000	shares
CY2023Q2	ecd	Trd Arr Ind Name TrdArrIndName	Andrew Brown
CY2023Q2	ecd	Trd Arr Ind Title TrdArrIndTitle	Chief Financial Officer
CY2023Q2	ecd	Trd Arr Securities Agg Avail Amt TrdArrSecuritiesAggAvailAmt	28241000	shares
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001364954-23-000121-index-headers.html	Edgar Link	pending
0001364954-23-000121-index.html	Edgar Link	pending
0001364954-23-000121.txt	Edgar Link	pending
0001364954-23-000121-xbrl.zip	Edgar Link	pending
chgg-20230630.htm	Edgar Link	pending
chgg-20230630.xsd	Edgar Link	pending
chgg-20230630_g1.jpg	Edgar Link	pending
ex31012023-06x30.htm	Edgar Link	pending
ex31022023-06x30.htm	Edgar Link	pending
ex32012023-06x30.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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chgg-20230630_cal.xml	Edgar Link	unprocessable
chgg-20230630_lab.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
chgg-20230630_htm.xml	Edgar Link	completed
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
chgg-20230630_def.xml	Edgar Link	unprocessable
chgg-20230630_pre.xml	Edgar Link	unprocessable

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$CHGG
CHEGG, INC Stock $chgg

2023 Q3 Form 10-Q Financial Statement

#000136495423000121 Filed on August 07, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CHGG CHEGG, INC Stock $chgg

2023 Q3 Form 10-Q Financial Statement

#000136495423000121 Filed on August 07, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CHGG
CHEGG, INC Stock $chgg