$CHGG
CHEGG, INC

2023 Q4 Form 10-Q Financial Statement

#000136495423000146 Filed on October 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $188.0M $157.9M $164.7M
YoY Change -8.39% -4.18% -4.19%
Cost Of Revenue $45.80M $83.58M $45.20M
YoY Change -10.93% 84.89% -32.64%
Gross Profit $142.2M $74.28M $119.5M
YoY Change -7.53% -37.86% 14.02%
Gross Profit Margin 75.63% 47.06% 72.56%
Selling, General & Admin $83.17M $85.95M $85.55M
YoY Change -15.11% 0.47% 39.76%
% of Gross Profit 58.5% 115.71% 71.56%
Research & Development $45.72M $46.20M $45.43M
YoY Change -1.28% 1.71% 4.99%
% of Gross Profit 32.16% 62.2% 38.0%
Depreciation & Amortization $20.82M $56.90M $22.37M
YoY Change -19.0% 154.31% 20.75%
% of Gross Profit 14.64% 76.6% 18.72%
Operating Expenses $128.9M $132.1M $131.0M
YoY Change -10.67% 0.9% 25.36%
Operating Profit $13.29M -$57.87M -$11.44M
YoY Change 40.26% 406.08% -3267.59%
Interest Expense -$658.0K $8.430M $3.737M
YoY Change -88.64% 125.58% 151.65%
% of Operating Profit -4.95%
Other Income/Expense, Net $5.139M $39.76M $95.73M
YoY Change 1789.34% -58.47% 1260.42%
Pretax Income $17.77M -$18.11M $84.30M
YoY Change 725.27% -121.48% 1039.47%
Income Tax $8.103M $172.0K -$167.3M
% Of Pretax Income 45.6% -198.46%
Net Earnings $9.665M -$18.28M $251.6M
YoY Change 420.18% -107.27% 3682.32%
Net Earnings / Revenue 5.14% -11.58% 152.7%
Basic Earnings Per Share -$0.16 $1.99
Diluted Earnings Per Share $0.08 -$0.16 $1.23
COMMON SHARES
Basic Shares Outstanding 115.8M shares 115.3M shares 126.4M shares
Diluted Shares Outstanding 115.4M shares 148.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $330.0M $261.3M $940.8M
YoY Change -68.8% -72.22% -46.31%
Cash & Equivalents $135.8M $94.42M $69.35M
Short-Term Investments $194.3M $166.8M $871.4M
Other Short-Term Assets $32.44M $25.20M $35.20M
YoY Change -6.67% -28.42% 20.06%
Inventory
Prepaid Expenses $20.98M $30.76M $33.44M
Receivables $31.40M $30.48M $22.19M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $414.8M $347.7M $1.032B
YoY Change -63.75% -66.29% -43.5%
LONG-TERM ASSETS
Property, Plant & Equipment $183.1M $168.7M $202.4M
YoY Change -10.43% -16.62% 29.62%
Goodwill $632.0M $617.7M $589.7M
YoY Change 2.75% 4.75% 103.0%
Intangibles $52.43M $56.64M $80.65M
YoY Change -33.07% -29.77% 85.08%
Long-Term Investments $249.5M $412.5M $286.8M
YoY Change 15.41% 43.84% -64.75%
Other Assets $28.38M $28.96M $21.68M
YoY Change 37.7% 33.6% -3.58%
Total Long-Term Assets $1.312B $1.457B $1.366B
YoY Change -0.65% 6.64% 0.35%
TOTAL ASSETS
Total Short-Term Assets $414.8M $347.7M $1.032B
Total Long-Term Assets $1.312B $1.457B $1.366B
Total Assets $1.727B $1.805B $2.398B
YoY Change -29.94% -24.74% -24.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.18M $18.19M $14.90M
YoY Change 127.9% 22.04% 41.68%
Accrued Expenses $77.86M $73.13M $68.10M
YoY Change 10.86% 7.4% -7.12%
Deferred Revenue $55.34M $58.91M $60.48M
YoY Change -1.67% -2.59% 20.99%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $357.1M
YoY Change
Total Short-Term Liabilities $518.5M $150.2M $143.5M
YoY Change 273.33% 4.71% 7.21%
LONG-TERM LIABILITIES
Long-Term Debt $242.8M $599.3M $1.188B
YoY Change -79.58% -49.53% -29.18%
Other Long-Term Liabilities $3.334M $2.236M $7.996M
YoY Change -58.25% -72.04% -3.32%
Total Long-Term Liabilities $264.2M $621.1M $1.208B
YoY Change -78.17% -48.58% -28.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $518.5M $150.2M $143.5M
Total Long-Term Liabilities $264.2M $621.1M $1.208B
Total Liabilities $782.6M $771.3M $1.351B
YoY Change -41.98% -42.92% -26.28%
SHAREHOLDERS EQUITY
Retained Earnings -$52.37M -$62.04M -$72.41M
YoY Change -25.77% -14.33% -79.97%
Common Stock $1.032B $1.152B $1.221B
YoY Change -17.11% -5.65% -28.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $944.6M $1.033B $1.047B
YoY Change
Total Liabilities & Shareholders Equity $1.727B $1.805B $2.398B
YoY Change -29.94% -24.74% -24.77%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $9.665M -$18.28M $251.6M
YoY Change 420.18% -107.27% 3682.32%
Depreciation, Depletion And Amortization $20.82M $56.90M $22.37M
YoY Change -19.0% 154.31% 20.75%
Cash From Operating Activities $77.50M $32.80M $37.96M
YoY Change 4.7% -13.6% -40.33%
INVESTING ACTIVITIES
Capital Expenditures $25.75M $23.40M -$21.96M
YoY Change 7.97% -206.58% -16.13%
Acquisitions
YoY Change
Other Investing Activities $139.2M $49.20M $78.00M
YoY Change -62.01% -36.92% -155.09%
Cash From Investing Activities $113.5M $25.70M $56.04M
YoY Change -66.89% -54.14% -133.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -150.0M -139.0M -426.8M
YoY Change 1165.14% -67.43% 1836.2%
NET CHANGE
Cash From Operating Activities 77.50M 32.80M 37.96M
Cash From Investing Activities 113.5M 25.70M 56.04M
Cash From Financing Activities -150.0M -139.0M -426.8M
Net Change In Cash 41.00M -80.50M -332.8M
YoY Change -89.87% -75.81% 163.78%
FREE CASH FLOW
Cash From Operating Activities $77.50M $32.80M $37.96M
Capital Expenditures $25.75M $23.40M -$21.96M
Free Cash Flow $51.75M $9.400M $59.92M
YoY Change 3.14% -84.31% -33.28%

Facts In Submission

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chgg Textbook Library Gain Loss Net
TextbookLibraryGainLossNet
0 usd
chgg Textbook Library Gain Loss Net
TextbookLibraryGainLossNet
4976000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
389000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6908000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2259000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-558000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-13251000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-8671000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-15926000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4820000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Deferred Revenue
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11434000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
168714000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57298000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
79242000 usd
chgg Payment To Purchases Textbooks
PaymentToPurchasesTextbooks
0 usd
chgg Payment To Purchases Textbooks
PaymentToPurchasesTextbooks
3815000 usd
chgg Proceeds From Disposition Of Textbooks
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chgg Proceeds From Disposition Of Textbooks
ProceedsFromDispositionOfTextbooks
2503000 usd
us-gaap Payments To Acquire Marketable Securities
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585275000 usd
us-gaap Payments To Acquire Marketable Securities
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534008000 usd
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561197000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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783912000 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
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11853000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6000000 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
155239000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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chgg Proceeds From Issuance Of Employee Stock Purchase Plan And Stock Options
ProceedsFromIssuanceOfEmployeeStockPurchasePlanAndStockOptions
3108000 usd
chgg Proceeds From Issuance Of Employee Stock Purchase Plan And Stock Options
ProceedsFromIssuanceOfEmployeeStockPurchasePlanAndStockOptions
4558000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13857000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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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
PaymentsForRepurchaseOfCommonStock
323528000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
505986000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
401203000 usd
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
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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
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-379000 usd
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4628000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
us-gaap Interest Paid Net
InterestPaidNet
741000 usd
us-gaap Interest Paid Net
InterestPaidNet
875000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8368000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5530000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
7037000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
6908000 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
7603000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
5879000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
4101000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
94419000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69349000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
60000 usd
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RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2143000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2101000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96622000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71513000 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
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 Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12400000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2201000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7818000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6578000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5903000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5493000 usd
CY2023Q3 chgg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1898000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29891000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3485000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
26406000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
32149000 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
93519000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
85926000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
93519000 usd
CY2023Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
8430000 usd
CY2022Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
3737000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
30351000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
7246000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 usd
CY2023Q3 chgg Other Miscellaneous Income Expense
OtherMiscellaneousIncomeExpense
-87000 usd
CY2022Q3 chgg Other Miscellaneous Income Expense
OtherMiscellaneousIncomeExpense
2000 usd
chgg Other Miscellaneous Income Expense
OtherMiscellaneousIncomeExpense
394000 usd
chgg Other Miscellaneous Income Expense
OtherMiscellaneousIncomeExpense
-146000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
40492000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
97258000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
116671000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
105247000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
157854000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
164739000 usd
CY2023Q3 chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecrease
-6885000 usd
CY2023Q3 chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecreasePercent
-0.04
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
528308000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
561704000 usd
chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecrease
-33396000 usd
chgg Revenue From Contract With Customer Including Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecreasePercent
-0.06
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
36600000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
53000000 usd
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
35200000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
33800000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
23515000 usd
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
6965000 usd
chgg Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
0.30
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
11946000 usd
chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
-2798000 usd
chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
-0.23
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
56273000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2633000 usd
chgg Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
0.05
chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
7000000 usd
chgg Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
0.30
chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
-2800000 usd
chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
-0.23
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2600000 usd
chgg Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
0.05
us-gaap Net Income Loss
NetIncomeLoss
264780000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.07
us-gaap Net Income Loss
NetIncomeLoss
264780000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-66630000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
198150000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128166000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115407000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148045000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121876000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
151221000 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19012000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7534000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18727000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4148000 shares
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
167830000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
166841000 usd
CY2023Q3 chgg Available For Sale Securities Debt Maturities Year One Through Three Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughThreeAmortizedCostBasis
417753000 usd
CY2023Q3 chgg Available For Sale Securities Debt Maturities Year One Through Three Fair Value
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughThreeFairValue
412541000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
52404000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
52404000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
637987000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
631786000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22400000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
300000 usd
CY2023Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7000000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
254209 shares
CY2023Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
26715889 shares
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
64300000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
31930000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34170000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
101596000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
98341000 usd
CY2023Q3 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
2400000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
700000 usd
CY2023Q2 chgg Restructuring And Related Cost Number Of Positions Impacted
RestructuringAndRelatedCostNumberOfPositionsImpacted
90 full_time_employee
us-gaap Restructuring Charges
RestructuringCharges
5700000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
4700000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
1000000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
388851000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
404434000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
220116000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
200051000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
168735000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
204383000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56900000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
108900000 usd
chgg Accelerated Depreciation Depletion And Amortization
AcceleratedDepreciationDepletionAndAmortization
34200000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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