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10-Q/A Filing

CHEGG, INC CIK: 1364954 Q1 2015
Filing Information
Form Type 10-Q/A
Accession Number 0001364954-15-000197
Period End Date 20150331
Filing Date 20151221
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance chgg-20150331.xml
Filing Contents
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable, current AllowanceForDoubtfulAccountsReceivableCurrent $559.00K USD Point-in-time
Allowance for doubtful accounts receivable, current AllowanceForDoubtfulAccountsReceivableCurrent $326.00K USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $76.86M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $56.12M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $50.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $39.44M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Short-term investments ShortTermInvestments $33.35M USD Point-in-time
Short-term investments ShortTermInvestments $28.87M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $326 and $559 at March 31, 2015 and December 31, 2014, respectively AccountsReceivableNetCurrent $10.67M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $326 and $559 at March 31, 2015 and December 31, 2014, respectively AccountsReceivableNetCurrent $14.40M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Prepaid expenses PrepaidExpenseCurrent $3.09M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $8.61M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 400.00M shares Point-in-time
Other current assets OtherAssetsCurrent $3.86M USD Point-in-time
Other current assets OtherAssetsCurrent $3.99M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 400.00M shares Point-in-time
Total current assets AssetsCurrent $110.81M USD Point-in-time
Total current assets AssetsCurrent $102.17M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 85.85M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 84.01M shares Point-in-time
Long-term investments LongTermInvestments - USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 85.85M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 84.01M shares Point-in-time
Long-term investments LongTermInvestments $1.45M USD Point-in-time
Textbook library, net TextbookLibraryNet $80.76M USD Point-in-time
Textbook library, net TextbookLibraryNet $84.57M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $17.89M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $18.37M USD Point-in-time
Goodwill Goodwill $91.30M USD Point-in-time
Goodwill Goodwill $91.30M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $13.63M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $12.07M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.80M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.73M USD Point-in-time
Total assets Assets $318.13M USD Point-in-time
Total assets Assets $309.73M USD Point-in-time
Accounts payable AccountsPayableCurrent $10.95M USD Point-in-time
Accounts payable AccountsPayableCurrent $4.85M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $24.59M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $44.97M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $31.18M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $20.19M USD Point-in-time
Total current liabilities LiabilitiesCurrent $70.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $66.72M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $4.37M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $4.29M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $4.37M USD Point-in-time
Total long-term liabilities LiabilitiesNoncurrent $4.29M USD Point-in-time
Total liabilities Liabilities $71.08M USD Point-in-time
Total liabilities Liabilities $74.29M USD Point-in-time
Commitments and contingencies (Note 7) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 7) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value 10,000,000 shares authorized, no shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value 10,000,000 shares authorized, no shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively PreferredStockValue - USD Point-in-time
Common stock, $0.001 par value 400,000,000 shares authorized at March 31, 2015 and December 31, 2014, respectively; 85,849,349 and 84,008,043 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively CommonStockValue $86.00K USD Point-in-time
Common stock, $0.001 par value 400,000,000 shares authorized at March 31, 2015 and December 31, 2014, respectively; 85,849,349 and 84,008,043 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively CommonStockValue $84.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $516.85M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $533.74M USD Point-in-time
Accumulated other comprehensive gain (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.00K USD Point-in-time
Accumulated other comprehensive gain (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $31.00K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-298.42M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-269.87M USD Point-in-time
Total stockholders' equity StockholdersEquity $235.44M USD Point-in-time
Total stockholders' equity StockholdersEquity $247.04M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $309.73M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $318.13M USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Rental RentalRevenueNet $46.86M USD 1 Quarter
Rental RentalRevenueNet $37.71M USD 1 Quarter
Services SalesRevenueServicesNet $17.25M USD 1 Quarter
Services SalesRevenueServicesNet $31.37M USD 1 Quarter
Sales SalesRevenueGoodsNet $10.29M USD 1 Quarter
Sales SalesRevenueGoodsNet $15.79M USD 1 Quarter
Net revenues SalesRevenueNet $74.39M USD 1 Quarter
Net revenues SalesRevenueNet $84.87M USD 1 Quarter
Rental DirectCostsOfLeasedAndRentedPropertyOrEquipment $47.70M USD 1 Quarter
Rental DirectCostsOfLeasedAndRentedPropertyOrEquipment $38.55M USD 1 Quarter
Services CostOfServices $7.66M USD 1 Quarter
Services CostOfServices $11.84M USD 1 Quarter
Sales CostOfGoodsSold $15.10M USD 1 Quarter
Sales CostOfGoodsSold $10.13M USD 1 Quarter
Cost of revenues CostOfRevenue $65.48M USD 1 Quarter
Cost of revenues CostOfRevenue $65.49M USD 1 Quarter
Gross profit GrossProfit $8.91M USD 1 Quarter
Gross profit GrossProfit $19.38M USD 1 Quarter
Technology and development ResearchAndDevelopmentExpense $11.32M USD 1 Quarter
Technology and development ResearchAndDevelopmentExpense $16.14M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $15.03M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $21.39M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $9.84M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $11.78M USD 1 Quarter
Restructuring charges RestructuringCharges - USD 1 Quarter
Restructuring charges RestructuringCharges $2.51M USD 1 Quarter
Gain on liquidation of textbooks GainLossOnDispositionOfAssets1 $1.68M USD 1 Quarter
Gain on liquidation of textbooks GainLossOnDispositionOfAssets1 $4.18M USD 1 Quarter
Total operating expenses OperatingExpenses $47.64M USD 1 Quarter
Total operating expenses OperatingExpenses $34.51M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-28.26M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-25.60M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-61.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-61.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $76.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $120.00K USD 1 Quarter
Total interest expense and other income, net NonoperatingIncomeExpense $59.00K USD 1 Quarter
Total interest expense and other income, net NonoperatingIncomeExpense $15.00K USD 1 Quarter
Loss before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-28.25M USD 1 Quarter
Loss before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-25.54M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $294.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $217.00K USD 1 Quarter
Net loss NetIncomeLoss $-28.54M USD 1 Quarter
Net loss NetIncomeLoss $-25.76M USD 1 Quarter
Net loss per share, attributable to common stockholders, basic and diluted (in dollars per share) EarningsPerShareBasicAndDiluted $-0.31 USD 1 Quarter
Net loss per share, attributable to common stockholders, basic and diluted (in dollars per share) EarningsPerShareBasicAndDiluted $-0.34 USD 1 Quarter
Weighted average shares used to compute net loss per share attributable to common stockholders, basic and diluted (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 84.79M shares 1 Quarter
Weighted average shares used to compute net loss per share attributable to common stockholders, basic and diluted (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 82.18M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-28.54M USD 1 Quarter
Net loss NetIncomeLoss $-25.76M USD 1 Quarter
Textbook library depreciation expense DepreciationTextbookLibrary $20.09M USD 1 Quarter
Textbook library depreciation expense DepreciationTextbookLibrary $14.67M USD 1 Quarter
Amortization of warrants and deferred loan costs AmortizationOfFinancingCostsAndDiscounts $35.00K USD 1 Quarter
Amortization of warrants and deferred loan costs AmortizationOfFinancingCostsAndDiscounts $29.00K USD 1 Quarter
Other depreciation and amortization expense OtherDepreciationAndAmortization $3.17M USD 1 Quarter
Other depreciation and amortization expense OtherDepreciationAndAmortization $2.04M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $15.02M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.93M USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $-224.00K USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $-41.00K USD 1 Quarter
Gain on liquidation of textbooks GainLossOnDispositionOfAssets1 $1.68M USD 1 Quarter
Gain on liquidation of textbooks GainLossOnDispositionOfAssets1 $4.18M USD 1 Quarter
Loss from write-offs of textbooks LossFromWriteOffsOfTextbooks $4.40M USD 1 Quarter
Loss from write-offs of textbooks LossFromWriteOffsOfTextbooks $2.54M USD 1 Quarter
Loss from disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-202.00K USD 1 Quarter
Loss from disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-2.43M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $2.23M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpensesOther $1.90M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpensesOther $5.60M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-47.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $241.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-4.94M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-786.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $20.38M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $29.31M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-8.27M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-1.10M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-58.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $71.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $29.14M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $6.69M USD 1 Quarter
Purchases of textbooks PaymentsToAcquireTextbooks $29.14M USD 1 Quarter
Purchases of textbooks PaymentsToAcquireTextbooks $42.96M USD 1 Quarter
Proceeds from liquidations of textbooks ProceedsFromSaleOfTextbooks $11.98M USD 1 Quarter
Proceeds from liquidations of textbooks ProceedsFromSaleOfTextbooks $11.28M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $6.24M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $42.83M USD 1 Quarter
Maturities of marketable securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $13.10M USD 1 Quarter
Maturities of marketable securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $12.14M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.28M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.49M USD 1 Quarter
Acquisition of business PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisition of business PaymentsToAcquireBusinessesNetOfCashAcquired $500.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-63.20M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-12.75M USD 1 Quarter
Proceeds from exercise of common stock under employee stock plans ProceedsFromExerciseOfCommonStockAndPreferredStockWarrants $6.63M USD 1 Quarter
Proceeds from exercise of common stock under employee stock plans ProceedsFromExerciseOfCommonStockAndPreferredStockWarrants $89.00K USD 1 Quarter
Payment of taxes related to the net share settlement of RSUs PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.45M USD 1 Quarter
Payment of taxes related to the net share settlement of RSUs PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.39M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStockAndVestedStockOptions - USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStockAndVestedStockOptions $2.26M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-3.37M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-28.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-37.42M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-6.09M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $76.86M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $56.12M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $50.03M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $39.44M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $76.86M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $56.12M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $50.03M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $39.44M USD Point-in-time
Interest InterestPaid $31.00K USD 1 Quarter
Interest InterestPaid $25.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $423.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $360.00K USD 1 Quarter
Accrued purchases of long-lived assets NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $2.66M USD 1 Quarter
Accrued purchases of long-lived assets NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 $2.76M USD 1 Quarter
Issuance of common stock related to prior acquisition IssuanceOfCommonStockAndOptionsRelatedToAcquisition $825.00K USD 1 Quarter
Issuance of common stock related to prior acquisition IssuanceOfCommonStockAndOptionsRelatedToAcquisition - USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-28.54M USD 1 Quarter
Net loss NetIncomeLoss $-25.76M USD 1 Quarter
Net change in unrealized gain (loss) on available for sale investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $22.00K USD 1 Quarter
Net change in unrealized gain (loss) on available for sale investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-16.00K USD 1 Quarter
Change in foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $23.00K USD 1 Quarter
Change in foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $22.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $44.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $7.00K USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-28.50M USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-25.75M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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