10-Q Filing

CHEGG, INC CIK: 1364954 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001364954-21-000113`
Period End Date	20210930
Filing Date	20211101
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	chgg-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 72 Cash Flow Statement 125 Stockholders Equity 50 Comprehensive Income 20

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$111.00K	USD	Point-in-time
Allowance for doubtful accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$153.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$713.84M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$479.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$527.54M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$665.57M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.04B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $111 and $153 at September 30, 2021 and December 31, 2020, respectively	`AccountsReceivableNetCurrent`	$12.91M	USD	Point-in-time
Accounts receivable, net of allowance of $111 and $153 at September 30, 2021 and December 31, 2020, respectively	`AccountsReceivableNetCurrent`	$9.30M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$12.78M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$35.16M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.85M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.32M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.83B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	129.34M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	144.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.18B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$523.63M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	129.34M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	144.90M	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$813.50M	USD	Point-in-time
Textbook library, net	`TextbookLibraryNet`	$15.83M	USD	Point-in-time
Textbook library, net	`TextbookLibraryNet`	$34.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$156.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$125.81M	USD	Point-in-time
Goodwill	`Goodwill`	$290.50M	USD	Point-in-time
Goodwill	`Goodwill`	$285.21M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$43.57M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$51.25M	USD	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$24.23M	USD	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$19.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$22.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.03M	USD	Point-in-time
Total assets	`Assets`	$3.19B	USD	Point-in-time
Total assets	`Assets`	$2.25B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.52M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$49.98M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$32.62M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$68.56M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$73.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$133.82M	USD	Point-in-time
Convertible senior notes, net	`SeniorLongTermNotes`	$1.51B	USD	Point-in-time
Convertible senior notes, net	`SeniorLongTermNotes`	$1.68B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$14.14M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$19.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.27M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.71M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.70B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.53B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.64B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.83B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value per share: 400,000,000 shares authorized; 144,901,435 and 129,343,524 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$145.00K	USD	Point-in-time
Common stock, $0.001 par value per share: 400,000,000 shares authorized; 144,901,435 and 129,343,524 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$129.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.72B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.03B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.55M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-422.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-361.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$498.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$609.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$498.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$645.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.25B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.19B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$438.62M	USD	3 Qtrs
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$171.94M	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$568.80M	USD	3 Qtrs
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$154.02M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$67.10M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$148.28M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$62.37M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$199.19M	USD	3 Qtrs
Gross profit	`GrossProfit`	$290.33M	USD	3 Qtrs
Gross profit	`GrossProfit`	$91.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$104.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$369.60M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$123.96M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$44.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$43.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$131.00M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$60.62M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$75.14M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$24.62M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$27.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$98.22M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$111.56M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$33.97M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$40.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$317.69M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$104.48M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$109.45M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$282.80M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$51.91M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$7.54M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$361.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-17.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-17.47M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.63M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-44.32M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-5.26M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-66.62M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$8.67M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$7.40M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-804.00K	USD	1 Quarter
Total interest expense, net and other income (expense), net	`NonoperatingIncomeExpense`	$-18.27M	USD	1 Quarter
Total interest expense, net and other income (expense), net	`NonoperatingIncomeExpense`	$-71.88M	USD	3 Qtrs
Total interest expense, net and other income (expense), net	`NonoperatingIncomeExpense`	$7.04M	USD	1 Quarter
Total interest expense, net and other income (expense), net	`NonoperatingIncomeExpense`	$-36.92M	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.40M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-19.97M	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.39M	USD	3 Qtrs
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-36.07M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.79M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.88M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.07M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$747.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-37.14M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.76M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-32.26M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.26	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.18	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.26	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	144.75M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.16M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	140.78M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	126.19M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	126.19M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.16M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	140.78M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	146.70M	shares	1 Quarter

Cash Flow Statement 125 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-37.14M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.76M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.26M	USD	3 Qtrs
Print textbook depreciation expense	`DepreciationTextbookLibrary`	$9.02M	USD	3 Qtrs
Print textbook depreciation expense	`DepreciationTextbookLibrary`	$10.70M	USD	3 Qtrs
Other depreciation and amortization expense	`OtherDepreciationAndAmortization`	$33.09M	USD	3 Qtrs
Other depreciation and amortization expense	`OtherDepreciationAndAmortization`	$46.27M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$76.16M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$59.41M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$42.91M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$4.51M	USD	3 Qtrs
Repayment of convertible senior notes attributable to debt discount	`RepaymentsOfConvertibleSeniorNotesAttributableToDebtDiscount`	$14.91M	USD	3 Qtrs
Repayment of convertible senior notes attributable to debt discount	`RepaymentsOfConvertibleSeniorNotesAttributableToDebtDiscount`	-	USD	3 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.31M	USD	3 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-78.15M	USD	3 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-3.31M	USD	1 Quarter
Loss on change in fair value of derivative instruments, net	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Loss on change in fair value of derivative instruments, net	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Loss on change in fair value of derivative instruments, net	`DerivativeGainLossOnDerivativeNet`	$-7.15M	USD	3 Qtrs
Loss on change in fair value of derivative instruments, net	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Loss from write-off of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.86M	USD	3 Qtrs
Loss from write-off of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.06M	USD	3 Qtrs
Loss from impairment of strategic equity investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	3 Qtrs
Loss from impairment of strategic equity investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$10.00M	USD	3 Qtrs
Gain on sale of strategic equity investments	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$7.16M	USD	1 Quarter
Gain on sale of strategic equity investments	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	3 Qtrs
Gain on sale of strategic equity investments	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$12.50M	USD	3 Qtrs
Gain on sale of strategic equity investments	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	1 Quarter
Loss (gain) on textbook library, net	`TextbookLibraryGainLossNet`	$2.03M	USD	3 Qtrs
Loss (gain) on textbook library, net	`TextbookLibraryGainLossNet`	$-8.77M	USD	3 Qtrs
Operating lease expense, net of accretion	`OperatingLeaseCost`	$4.53M	USD	3 Qtrs
Operating lease expense, net of accretion	`OperatingLeaseCost`	$3.40M	USD	3 Qtrs
Restructuring charges	`RestructuringCosts`	$1.85M	USD	3 Qtrs
Restructuring charges	`RestructuringCosts`	-	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$-498.00K	USD	3 Qtrs
Other non-cash items	`OtherNoncashIncomeExpense`	$102.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.59M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-106.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$6.18M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$31.07M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.64M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-9.47M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.63M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.82M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$17.36M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$32.24M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$34.28M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.55M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.09M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.11M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$168.66M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$208.12M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$67.13M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.46M	USD	3 Qtrs
Purchases of textbooks	`PaymentToPurchasesTextbooks`	$10.67M	USD	3 Qtrs
Purchases of textbooks	`PaymentToPurchasesTextbooks`	$49.64M	USD	3 Qtrs
Proceeds from disposition of textbooks	`ProceedsFromDispositionOfTextbooks`	$7.82M	USD	3 Qtrs
Proceeds from disposition of textbooks	`ProceedsFromDispositionOfTextbooks`	$7.01M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$1.57B	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$968.11M	USD	3 Qtrs
Maturities of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$893.32M	USD	3 Qtrs
Maturities of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$412.05M	USD	3 Qtrs
Purchase of strategic equity investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Purchase of strategic equity investment	`PaymentsToAcquireEquityMethodInvestments`	$2.00M	USD	3 Qtrs
Proceeds from sale of strategic equity investments	`ProceedsFromSaleOfEquityMethodInvestments`	$16.08M	USD	3 Qtrs
Proceeds from sale of strategic equity investments	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$92.80M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.89M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-742.54M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-750.94M	USD	3 Qtrs
Proceeds from common stock issued under stock plans, net	`ProceedsFromIssuanceOfEmployeeStockPurchasePlan`	$5.37M	USD	3 Qtrs
Proceeds from common stock issued under stock plans, net	`ProceedsFromIssuanceOfEmployeeStockPurchasePlan`	$9.24M	USD	3 Qtrs
Payment of taxes related to the net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$65.22M	USD	3 Qtrs
Payment of taxes related to the net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$89.34M	USD	3 Qtrs
Proceeds from issuance of convertible senior notes, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	3 Qtrs
Proceeds from issuance of convertible senior notes, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$984.10M	USD	3 Qtrs
Purchase of convertible senior notes capped call	`PaymentsForConvertibleSeniorNotesCappedCall`	-	USD	3 Qtrs
Purchase of convertible senior notes capped call	`PaymentsForConvertibleSeniorNotesCappedCall`	$103.40M	USD	3 Qtrs
Proceeds from equity offering, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from equity offering, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.09B	USD	3 Qtrs
Repayment of convertible senior notes	`RepaymentsOfConvertibleDebt`	$159.68M	USD	3 Qtrs
Repayment of convertible senior notes	`RepaymentsOfConvertibleDebt`	$300.75M	USD	3 Qtrs
Proceeds from exercise of convertible senior notes capped call	`ProceedsFromConvertibleDebt`	$57.41M	USD	3 Qtrs
Proceeds from exercise of convertible senior notes capped call	`ProceedsFromConvertibleDebt`	$69.00M	USD	3 Qtrs
Payment of escrow related to acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$7.45M	USD	3 Qtrs
Payment of escrow related to acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$722.45M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$768.30M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$233.88M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$140.16M	USD	3 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$481.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$389.43M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$529.59M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$715.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$481.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$389.43M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$529.59M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$715.60M	USD	Point-in-time
Interest	`InterestPaidNet`	$1.55M	USD	3 Qtrs
Interest	`InterestPaidNet`	$1.05M	USD	3 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$5.61M	USD	3 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$2.45M	USD	3 Qtrs
Operating cash flows from operating leases	`OperatingLeasePayments`	$5.17M	USD	3 Qtrs
Operating cash flows from operating leases	`OperatingLeasePayments`	$5.93M	USD	3 Qtrs
Right of use assets obtained in exchange for lease obligations, operating lease	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	3 Qtrs
Right of use assets obtained in exchange for lease obligations, operating lease	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.71M	USD	3 Qtrs
Accrued purchases of long-lived assets	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$6.10M	USD	3 Qtrs
Accrued purchases of long-lived assets	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.84M	USD	3 Qtrs
Accrued escrow related to acquisition	`NoncashOrPartNoncashAcquisitionAccruedEscrow`	-	USD	3 Qtrs
Accrued escrow related to acquisition	`NoncashOrPartNoncashAcquisitionAccruedEscrow`	$7.45M	USD	3 Qtrs
Issuance of common stock related to repayment of convertible senior notes	`StockIssuedRepaymentForConvertibleSeniorNotes`	$327.14M	USD	3 Qtrs
Issuance of common stock related to repayment of convertible senior notes	`StockIssuedRepaymentForConvertibleSeniorNotes`	$235.52M	USD	3 Qtrs
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$713.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$479.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$527.54M	USD	Point-in-time
Restricted cash included in other current assets	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash included in other current assets	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$313.00K	USD	Point-in-time
Restricted cash included in other assets	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.74M	USD	Point-in-time
Restricted cash included in other assets	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.76M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$481.71M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$389.43M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$529.59M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$715.60M	USD	Point-in-time

Stockholders Equity 50 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	129.34M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	144.90M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$498.38M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$609.63M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$498.83M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$645.39M	USD	Point-in-time
Issuance of common stock in connection with equity offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$1.09B	USD	3 Qtrs
Equity component on conversions	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$237.46M	USD	1 Quarter
Equity component on conversions	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$-236.92M	USD	3 Qtrs
Equity component on conversions	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$237.46M	USD	3 Qtrs
Purchase of 2026 convertible senior notes capped call	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCall`	$103.40M	USD	3 Qtrs
Purchase of 2026 convertible senior notes capped call	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCall`	$103.40M	USD	1 Quarter
Equity component related to conversions of 2023 convertible senior notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$345.55M	USD	1 Quarter
Equity component related to conversions of 2023 convertible senior notes	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$345.55M	USD	3 Qtrs
Issuance of common stock upon conversion of 2023 convertible senior notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$327.14M	USD	3 Qtrs
Issuance of common stock upon conversion of 2023 convertible senior notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$327.14M	USD	1 Quarter
Issuance of common stock upon conversion of 2023 convertible senior notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$235.52M	USD	3 Qtrs
Net proceeds from capped call related to conversions	`AdjustmentsToAdditionalPaidInCapitalProceedsFromCappedCall`	$67.77M	USD	3 Qtrs
Net proceeds from capped call related to conversions	`AdjustmentsToAdditionalPaidInCapitalProceedsFromCappedCall`	$57.41M	USD	3 Qtrs
Net proceeds from capped call related to conversions	`AdjustmentsToAdditionalPaidInCapitalProceedsFromCappedCall`	$57.41M	USD	1 Quarter
Issuance of common stock upon exercise of stock options and ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionsExercised`	$1.20M	USD	1 Quarter
Issuance of common stock upon exercise of stock options and ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionsExercised`	$5.37M	USD	3 Qtrs
Issuance of common stock upon exercise of stock options and ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionsExercised`	$9.23M	USD	3 Qtrs
Issuance of common stock upon exercise of stock options and ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionsExercised`	$106.00K	USD	1 Quarter
Net share settlement of equity awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-11.12M	USD	1 Quarter
Net share settlement of equity awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-89.34M	USD	3 Qtrs
Net share settlement of equity awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-14.70M	USD	1 Quarter
Net share settlement of equity awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-65.22M	USD	3 Qtrs
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.16M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.53M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$78.00M	USD	3 Qtrs
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$59.41M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.43M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-582.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.08M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-517.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-37.14M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.76M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-32.26M	USD	3 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	129.34M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	144.90M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$498.38M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$609.63M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$498.83M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$645.39M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-37.14M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.76M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$6.65M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-32.26M	USD	3 Qtrs
Change in net unrealized (loss) gain on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.97M	USD	3 Qtrs
Change in net unrealized (loss) gain on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.64M	USD	1 Quarter
Change in net unrealized (loss) gain on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-455.00K	USD	1 Quarter
Change in net unrealized (loss) gain on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.92M	USD	3 Qtrs
Change in foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-127.00K	USD	1 Quarter
Change in foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$507.00K	USD	3 Qtrs
Change in foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.12M	USD	1 Quarter
Change in foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.11M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-582.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-517.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-3.08M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$2.43M	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-37.66M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-28.85M	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$6.07M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-29.84M	USD	3 Qtrs

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