Chegg, Inc. (CHGG) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5461,1457694682087785
Cash and cash equivalents8544803883751267767
Short-term investments6926663819382 18
Receivables1813121311913
Prepaid expense3513115233
Other current assets2412171082232
Total current assets:1,6231,183807495229111133
Noncurrent Assets
Operating lease, right-of-use asset182416
Property, plant and equipment1701268760473520
Long-term investments and receivables7465243101620 4
Long-term investments7465243101620 4
Intangible assets, net (including goodwill)330336249175146137100
Goodwill29028521515012511691
Intangible assets, net (excluding goodwill)4151352621219
Restricted cash and investments22     
Other noncurrent assets21241915444
Other undisclosed noncurrent assets932   330
Total noncurrent assets:1,2971,068682266218179159
TOTAL ASSETS:2,9192,2511,489761447291291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities79714742384941
Accounts payable12978756
Accrued liabilities67624034314435
Deferred revenue353319
Debt  5    
Deferred revenue and credits131515
Other undisclosed current liabilities 7 17   
Total current liabilities:1141107160526456
Noncurrent Liabilities
Long-term debt and lease obligation1,6911,526915284   
Long-term debt, excluding current maturities1,6781,507900284   
Operating lease, liability121915
Liabilities, other than long-term debt7647  0
Restructuring reserve      0
Other liabilities7647   
Other undisclosed noncurrent liabilities    444
Total noncurrent liabilities:1,6981,532919291444
Total liabilities:1,8121,642990350566960
Stockholders' equity
Stockholders' equity attributable to parent1,107610499411391222231
Common stock0000000
Additional paid in capital1,4491,031916818783593560
Accumulated other comprehensive income (loss)(5)2(1)(1)(0)(0)(0)
Accumulated deficit(337)(423)(416)(407)(392)(371)(329)
Total stockholders' equity:1,107610499411391222231
TOTAL LIABILITIES AND EQUITY:2,9192,2511,489761447291291

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues776644411321255254301
Revenue, net255254301
Cost of revenue(255)(205)(92)(80)(80)(120)(190)
Cost of goods and services sold    (80)(120)(190)
Gross profit:521439319241175134112
Operating expenses(443)(382)(301)(247)(194)(175)(169)
Operating income (loss):785718(6)(19)(40)(58)
Nonoperating income (expense)(72)(58)(25)(7)0(0)(0)
Other nonoperating income (expense)(65)92041(0)0
Interest and debt expense(78)(4)     
Other undisclosed income from continuing operations before equity method investments, income taxes 4     
Loss from continuing operations before equity method investments, income taxes:(72)(1)(7)(13)(18)(41)(58)
Other undisclosed income from continuing operations before income taxes78      
Income (loss) from continuing operations before income taxes:6(1)(7)(13)(18)(41)(58)
Income tax expense(7)(5)(3)(1)(2)(2)(1)
Net loss available to common stockholders, diluted:(1)(6)(10)(15)(20)(42)(59)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(1)(6)(10)(15)(20)(42)(59)
Other comprehensive income (loss)(7)3(0)(1)(0)(0)(0)
Comprehensive loss, net of tax, attributable to parent:(8)(4)(10)(16)(20)(42)(59)

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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