Chegg, Inc. (CHGG) financial statements (2020 and earlier)

Company profile

Business Address 3990 FREEDOM CIRCLE
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End December 31
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments769468208778589
Cash and cash equivalents388375126776756
Short-term investments3819382 1833
Receivables12131191314
Prepaid expense1152333
Other current assets1710822324
Total current assets:807495229111133111
Noncurrent Assets
Operating lease, right-of-use asset16
Property, plant and equipment876047352018
Long-term investments and receivables3101620 41
Long-term investments3101620 41
Intangible assets, net (including goodwill)249175146137100105
Goodwill2151501251169191
Intangible assets, net (excluding goodwill)35262121914
Other noncurrent assets19154442
Other undisclosed noncurrent assets   33081
Total noncurrent assets:682266218179159207
TOTAL ASSETS:1,489761447291291318
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities474238494147
Accounts payable7875611
Accrued liabilities403431443531
Taxes payable     5
Deferred revenue19
Debt5     
Customer refund liability     6
Deferred revenue and credits13151525
Other liabilities     16
Other undisclosed current liabilities 17   (27)
Total current liabilities:716052645667
Noncurrent Liabilities
Long-term debt and lease obligation915284    
Long-term debt, excluding current maturities900284    
Operating lease, liability15
Liabilities, other than long-term debt47  08
Deferred revenue and credits   1
Deferred tax liabilities, net    2
Restructuring reserve    0 
Other liabilities47   4
Other undisclosed noncurrent liabilities  444(3)
Total noncurrent liabilities:9192914444
Total liabilities:99035056696071
Stockholders' equity
Stockholders' equity attributable to parent499411391222231247
Common stock000000
Additional paid in capital916818783593560517
Accumulated other comprehensive loss(1)(1)(0)(0)(0)(0)
Accumulated deficit(416)(407)(392)(371)(329)(270)
Total stockholders' equity:499411391222231247
TOTAL LIABILITIES AND EQUITY:1,489761447291291318

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues411321255254301305
Revenue, net255254301305
Cost of revenue(92)(80)(80)(120)(190)(211)
Cost of goods and services sold  (80)(120)(190)(211)
Other undisclosed gross profit     (0)
Gross profit:31924117513411294
Operating expenses(301)(247)(194)(175)(169)(159)
Operating income (loss):18(6)(19)(40)(58)(65)
Nonoperating income (expense)(25)(7)0(0)(0)1
Other nonoperating income (expense)2041(0)01
Interest and debt expense     (0)
Other undisclosed income from continuing operations before equity method investments, income taxes     0
Loss from continuing operations before income taxes:(7)(13)(18)(41)(58)(65)
Income tax expense(3)(1)(2)(2)(1)(0)
Net loss available to common stockholders, diluted:(10)(15)(20)(42)(59)(65)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(10)(15)(20)(42)(59)(65)
Other comprehensive loss(0)(1)(0)(0)(0)(0)
Comprehensive loss, net of tax, attributable to parent:(10)(16)(20)(42)(59)(65)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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