Chegg, Inc. (CHGG) financial statements (2021 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)

12/31/2020
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 investments1,145769468208778589
Cash and cash equivalents480388375126776756
Short-term investments6663819382 1833
Receivables1312131191314
Prepaid expense131152333
Other current assets121710822324
Total current assets:1,183807495229111133111
Noncurrent Assets
Operating lease, right-of-use asset2416
Property, plant and equipment126876047352018
Long-term investments and receivables5243101620 41
Long-term investments5243101620 41
Intangible assets, net (including goodwill)336249175146137100105
Goodwill2852151501251169191
Intangible assets, net (excluding goodwill)5135262121914
Restricted cash and investments2      
Other noncurrent assets2419154442
Other undisclosed noncurrent assets32   33081
Total noncurrent assets:1,068682266218179159207
TOTAL ASSETS:2,2511,489761447291291318
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities71474238494147
Accounts payable97875611
Accrued liabilities62403431443531
Taxes payable      5
Deferred revenue3319
Debt 5     
Customer refund liability      6
Deferred revenue and credits13151525
Other liabilities      16
Other undisclosed current liabilities7 17   (27)
Total current liabilities:110716052645667
Noncurrent Liabilities
Long-term debt and lease obligation1,526915284    
Long-term debt, excluding current maturities1,507900284    
Operating lease, liability1915
Liabilities, other than long-term debt647  08
Deferred revenue and credits   1
Deferred tax liabilities, net    2
Restructuring reserve     0 
Other liabilities647   4
Other undisclosed noncurrent liabilities   444(3)
Total noncurrent liabilities:1,5329192914444
Total liabilities:1,64299035056696071
Stockholders' equity
Stockholders' equity attributable to parent610499411391222231247
Common stock0000000
Additional paid in capital1,031916818783593560517
Accumulated other comprehensive income (loss)2(1)(1)(0)(0)(0)(0)
Accumulated deficit(423)(416)(407)(392)(371)(329)(270)
Total stockholders' equity:610499411391222231247
TOTAL LIABILITIES AND EQUITY:2,2511,489761447291291318

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues644411321255254301305
Revenue, net255254301305
Cost of revenue(205)(92)(80)(80)(120)(190)(211)
Cost of goods and services sold   (80)(120)(190)(211)
Other undisclosed gross profit      (0)
Gross profit:43931924117513411294
Operating expenses(382)(301)(247)(194)(175)(169)(159)
Operating income (loss):5718(6)(19)(40)(58)(65)
Nonoperating income (expense)(58)(25)(7)0(0)(0)1
Other nonoperating income (expense)92041(0)01
Interest and debt expense(4)     (0)
Other undisclosed income from continuing operations before equity method investments, income taxes4     0
Loss from continuing operations before income taxes:(1)(7)(13)(18)(41)(58)(65)
Income tax expense(5)(3)(1)(2)(2)(1)(0)
Net loss available to common stockholders, diluted:(6)(10)(15)(20)(42)(59)(65)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(6)(10)(15)(20)(42)(59)(65)
Other comprehensive income (loss)3(0)(1)(0)(0)(0)(0)
Comprehensive loss, net of tax, attributable to parent:(4)(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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