2024 Q1 Form 10-K Financial Statement

#000136495424000009 Filed on February 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $174.4M $188.0M $716.3M
YoY Change -7.06% -8.39% -6.6%
Cost Of Revenue $46.50M $45.80M $225.9M
YoY Change -5.4% -10.93% 14.46%
Gross Profit $127.9M $142.2M $490.4M
YoY Change -7.65% -7.53% -13.9%
Gross Profit Margin 73.33% 75.63% 68.46%
Selling, General & Admin $85.91M $83.17M $366.4M
YoY Change -10.5% -15.11% 0.68%
% of Gross Profit 67.19% 58.5% 74.72%
Research & Development $44.44M $45.72M $191.7M
YoY Change -5.27% -1.28% -2.51%
% of Gross Profit 34.75% 32.16% 39.1%
Depreciation & Amortization $19.69M $20.82M $129.7M
YoY Change -22.93% -19.0% 102.37%
% of Gross Profit 15.4% 14.64% 26.45%
Operating Expenses $130.3M $128.9M $558.1M
YoY Change -8.78% -10.67% -0.44%
Operating Profit -$2.491M $13.29M -$67.73M
YoY Change -43.97% 40.26% -856.11%
Interest Expense -$650.0K -$658.0K -$3.773M
YoY Change -105.77% -88.64% -130.35%
% of Operating Profit -4.95%
Other Income/Expense, Net $10.78M $5.139M $121.8M
YoY Change -0.26% 1789.34% 28.24%
Pretax Income $7.639M $17.77M $50.31M
YoY Change 20.07% 725.27% -51.6%
Income Tax $9.059M $8.103M $32.13M
% Of Pretax Income 118.59% 45.6% 63.87%
Net Earnings -$1.420M $9.665M $18.18M
YoY Change -164.96% 420.18% -93.18%
Net Earnings / Revenue -0.81% 5.14% 2.54%
Basic Earnings Per Share -$0.01 $0.16
Diluted Earnings Per Share -$0.01 $0.08 $0.14
COMMON SHARES
Basic Shares Outstanding 102.9M shares 115.8M shares 116.5M shares
Diluted Shares Outstanding 102.3M shares 128.6M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $390.8M $330.0M $330.0M
YoY Change -30.12% -68.8% -68.8%
Cash & Equivalents $96.75M $135.8M $90.71M
Short-Term Investments $247.0M $194.3M $194.3M
Other Short-Term Assets $50.44M $32.44M $53.42M
YoY Change 63.59% -6.67% -15.53%
Inventory
Prepaid Expenses $20.43M $20.98M
Receivables $24.74M $31.40M $31.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $465.9M $414.8M $414.8M
YoY Change -26.91% -63.75% -63.75%
LONG-TERM ASSETS
Property, Plant & Equipment $212.0M $183.1M $208.2M
YoY Change 5.29% -10.43% -6.73%
Goodwill $628.8M $632.0M
YoY Change 0.98% 2.75%
Intangibles $48.14M $52.43M
YoY Change -34.13% -33.07%
Long-Term Investments $221.7M $249.5M $249.5M
YoY Change -63.89% 15.41% 15.41%
Other Assets $156.2M $28.38M $170.2M
YoY Change 687.74% 37.7% -9.52%
Total Long-Term Assets $1.267B $1.312B $1.312B
YoY Change -26.54% -0.65% -0.65%
TOTAL ASSETS
Total Short-Term Assets $465.9M $414.8M $414.8M
Total Long-Term Assets $1.267B $1.312B $1.312B
Total Assets $1.733B $1.727B $1.727B
YoY Change -26.64% -29.94% -29.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.12M $28.18M $28.18M
YoY Change 54.07% 127.9% 127.9%
Accrued Expenses $73.56M $77.86M $77.86M
YoY Change 8.13% 10.86% 10.86%
Deferred Revenue $54.06M $55.34M
YoY Change -7.7% -1.67%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $357.5M $357.1M $357.1M
YoY Change
Total Short-Term Liabilities $505.2M $518.5M $518.5M
YoY Change 261.75% 273.33% 273.33%
LONG-TERM LIABILITIES
Long-Term Debt $242.9M $242.8M $242.8M
YoY Change -79.58% -79.58% -79.58%
Other Long-Term Liabilities $21.06M $3.334M $21.40M
YoY Change 691.25% -58.25% 0.17%
Total Long-Term Liabilities $264.0M $264.2M $264.2M
YoY Change -78.28% -78.17% -78.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $505.2M $518.5M $518.5M
Total Long-Term Liabilities $264.0M $264.2M $264.2M
Total Liabilities $769.2M $782.6M $782.6M
YoY Change -43.24% -41.98% -41.98%
SHAREHOLDERS EQUITY
Retained Earnings -$53.79M -$52.37M
YoY Change -21.32% -25.77%
Common Stock $1.058B $1.032B
YoY Change -5.58% -17.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $963.5M $944.6M $944.6M
YoY Change
Total Liabilities & Shareholders Equity $1.733B $1.727B $1.727B
YoY Change -26.64% -29.94% -29.94%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$1.420M $9.665M $18.18M
YoY Change -164.96% 420.18% -93.18%
Depreciation, Depletion And Amortization $19.69M $20.82M $129.7M
YoY Change -22.93% -19.0% 102.37%
Cash From Operating Activities $53.32M $77.50M $246.2M
YoY Change -27.12% 4.7% -3.73%
INVESTING ACTIVITIES
Capital Expenditures $28.02M $25.75M $83.05M
YoY Change 63.21% 7.97% -19.44%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$12.80M $139.2M $351.7M
YoY Change -85.72% -62.01% 66.07%
Cash From Investing Activities -$40.81M $113.5M $268.7M
YoY Change -61.78% -66.89% 156.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$330.6M
YoY Change -202.2%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.294M -150.0M -852.8M
YoY Change -97.3% 1165.14% 14.5%
NET CHANGE
Cash From Operating Activities 53.32M 77.50M 246.2M
Cash From Investing Activities -40.81M 113.5M 268.7M
Cash From Financing Activities -4.294M -150.0M -852.8M
Net Change In Cash 8.210M 41.00M -337.9M
YoY Change -104.27% -89.87% -11.09%
FREE CASH FLOW
Cash From Operating Activities $53.32M $77.50M $246.2M
Capital Expenditures $28.02M $25.75M $83.05M
Free Cash Flow $25.30M $51.75M $163.1M
YoY Change -54.81% 3.14% 6.88%

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CY2023 us-gaap Use Of Estimates
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<div><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 generally accepted accounting principles in the United States requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities; the disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reporting periods. Significant estimates, assumptions, and judgments are used for, but not limited to: revenue recognition, share-based compensation expense including grant-date fair value of PSUs with a market-based condition and estimated forfeitures, accounting for income taxes, useful lives assigned to long-lived assets for depreciation and amortization, impairment of goodwill and long-lived assets, the valuation of acquired intangible assets, and internal-use software and website development costs. 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.</span></div>
CY2023 chgg Available For Sale Securities Weighted Average Maturity
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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%">Concentration of Credit Risk</span></div><div style="text-align:justify"><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%">Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, and investments in highly liquid instruments in accordance with our investment policy. We place the majority of our cash and cash equivalents and restricted cash with financial institutions in the United States that we believe to be of high credit quality, and accordingly minimal credit risk exists with respect to these instruments. Certain of our cash balances held with a financial institution are in excess of Federal Deposit Insurance Corporation limits. Our investment portfolio consists of investments diversified among security types, industries and issuers. Our investments were held and managed by recognized financial institutions that followed our investment policy with the main objective of preserving capital, </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">generating a competitive return, and maintaining liquidity.<br/></span></div>Concentrations of credit risk with respect to accounts receivables exist to the full extent of amounts presented in the financial statements.
CY2023 us-gaap Advertising Expense
AdvertisingExpense
57400000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
62000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
45100000 usd
CY2023 chgg Share Based Compensation Arrangement By Share Based Payment Award Conversion Ratio
ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionRatio
1
CY2023 us-gaap Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
0 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
0 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
3700000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
716295000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
766897000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
776265000 usd
CY2023 chgg Revenue From Contract With Customer Excluding Assessed Tax Increase Decrease
RevenueFromContractWithCustomerExcludingAssessedTaxIncreaseDecrease
-50602000 usd
CY2023 chgg Revenue From Contract With Customer Excluding Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerExcludingAssessedTaxIncreaseDecreasePercent
-0.07
CY2022 chgg Revenue From Contract With Customer Excluding Assessed Tax Increase Decrease
RevenueFromContractWithCustomerExcludingAssessedTaxIncreaseDecrease
-9368000 usd
CY2022 chgg Revenue From Contract With Customer Excluding Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerExcludingAssessedTaxIncreaseDecreasePercent
-0.01
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
54500000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
33900000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
32600000 usd
CY2022 chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
0 usd
CY2023 chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
0 usd
CY2021 chgg Contract With Customer Liability Revenue Recognized Prior Period
ContractWithCustomerLiabilityRevenueRecognizedPriorPeriod
4900000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
6000000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
15800000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
31404000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
23515000 usd
CY2023 chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
7889000 usd
CY2023 chgg Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
0.34
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8598000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
11946000 usd
CY2023 chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
-3348000 usd
CY2023 chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
-0.28
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
55336000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
56273000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-937000 usd
CY2023 chgg Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
-0.02
CY2023 chgg Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
7900000 usd
CY2023 chgg Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
0.34
CY2023 chgg Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
-3300000 usd
CY2023 chgg Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
-0.28
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-900000 usd
CY2023 chgg Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
-0.02
CY2023 us-gaap Net Income Loss
NetIncomeLoss
18180000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
266638000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1458000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116504000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127557000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141262000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023 us-gaap Net Income Loss
NetIncomeLoss
18180000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
266638000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1458000 usd
CY2023 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-61694000 usd
CY2022 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-65444000 usd
CY2021 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-43514000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
201194000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1458000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116504000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127557000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141262000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128569000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
149859000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141262000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.34
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.34
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8442000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3556000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25845000 shares
CY2023 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
346000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
64000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
84000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
2452000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
9739000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
262000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-2106000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-9675000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-178000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
194787000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
194257000 usd
CY2023Q4 chgg Available For Sale Securities Debt Maturities Year One Through Three Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughThreeAmortizedCostBasis
248754000 usd
CY2023Q4 chgg Available For Sale Securities Debt Maturities Year One Through Three Fair Value
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughThreeFairValue
249547000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
90707000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
90707000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
534248000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
534511000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
417564000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
404434000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
234491000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
200051000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
183073000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
204383000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
105300000 usd
CY2023 chgg Accelerated Depreciation Depletion And Amortization
AcceleratedDepreciationDepletionAndAmortization
34200000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
64100000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49600000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
615093000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
289763000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
367376000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
16902000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-42907000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
861000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
631995000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
615093000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P67M
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
169336000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
111493000 usd
CY2023Q4 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
5413000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
52430000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P67M
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
172936000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
86988000 usd
CY2022Q4 chgg Finite Lived And Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedAndIndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
7615000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
78333000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
13637000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11532000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11185000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9029000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6954000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
93000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52430000 usd
CY2023 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
300000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
25100000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18800000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
24900000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20900000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12400000 usd
CY2023 us-gaap Lease Cost
LeaseCost
7600000 usd
CY2022 us-gaap Lease Cost
LeaseCost
7300000 usd
CY2021 us-gaap Lease Cost
LeaseCost
7100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8084000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6605000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5922000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5497000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1898000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28006000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3120000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
24886000 usd
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7000000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
232327 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
27798687 shares
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
72049 shares
CY2023Q3 chgg Stock Repurchase Program Increase Of Authorized Amount
StockRepurchaseProgramIncreaseOfAuthorizedAmount
200000000 usd
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2200000000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
133502000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
133456000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
108846000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3300000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5300000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2600000 usd
CY2013Q3 chgg Offering Period Employee Stock Purchase Plan
OfferingPeriodEmployeeStockPurchasePlan
P6M
CY2023 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
454533 shares
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
382392 shares
CY2021 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
167890 shares
CY2023 chgg Employee Stock Purchase Plan Espp Weighted Average Purchase Price Of Shares Purchased
EmployeeStockPurchasePlanESPPWeightedAveragePurchasePriceOfSharesPurchased
8.10
CY2022 chgg Employee Stock Purchase Plan Espp Weighted Average Purchase Price Of Shares Purchased
EmployeeStockPurchasePlanESPPWeightedAveragePurchasePriceOfSharesPurchased
15.61
CY2021 chgg Employee Stock Purchase Plan Espp Weighted Average Purchase Price Of Shares Purchased
EmployeeStockPurchasePlanESPPWeightedAveragePurchasePriceOfSharesPurchased
40.35
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
326258 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.02
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y1M24D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5954714 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
21882 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
232327 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.02
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y9M21D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1240014 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1300000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10700000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32100000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-162700000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7200000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2460000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
113000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3064000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2172000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
852000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
33000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3702000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7449000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5557000 usd
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EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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