CHEGG, INC CHGG Cash Flow

Chegg, inc (CHGG)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Cash flows from operating activities
Net loss
-9,605	-14,888	-20,283	-42,245	-59,210	-64,758	-55,850	-49,043
Adjustments to reconcile net loss to net cash provided by operating activities:
Provision (release) for bad debts
-	-	-	-	-77	234	206	485
Gain on liquidation of textbooks
0	0	4,766	670	4,326	4,555	1,186	2,594
Loss from write-offs of textbooks
0	0	314	1,090	5,297	10,534	5,874	4,597
Loss from write-offs of property and equipment
1,009	93	1,368	0	-967	0	0	-280
Interest accretion on deferred consideration
0	0	-626	0	0	-	-	-
Realized loss (gain) on sale of securities
-	-	-	-	0	21	0	0
Print textbook depreciation expense
-	-	-	9,267	43,553	70,147	64,759	57,177
Other depreciation and amortization expense
30,247	22,805	19,337	14,520	11,511	11,159	10,078	10,796
Share-based compensation expense
64,909	52,030	38,359	41,785	38,775	36,888	36,958	18,045
Amortization of warrants and deferred loan costs
-	-	-	105	-	-	-	-
Amortization of debt discount and issuance costs
43,202	10,494	0	0	151	187	1,545	1,790
Deferred income taxes
-39	-323	0	0	-	1,291	0	0
Operating lease expense, net of accretion
4,385	0	0	-	-	-	-	-
Revaluation of preferred stock warrants
-	-	-	-	-	-	622	-380
Impairment of intangible assets
-	-	-	-	-	1,552	0	611
Other non-cash items
416	-65	-68	-47	-	-	-	-
Change in assets and liabilities:
Accounts receivable
-1,829	1,538	175	127	-712	1,709	1,474	4,951
Prepaid expenses and other current assets
12,930	4,921	-13,550	-10,039	27,878	2,981	1,661	-3,387
Other assets
1,494	-48	-1,049	-761	592	155	-209	-1,158
Accounts payable
-2,395	893	2,649	-728	-4,236	5,037	-30	2,680
Deferred revenue
-1,682	3,978	-1,396	-272	-9,620	1,657	2,772	7,519
Accrued liabilities
-206	3,838	2,087	-9,499	5,237	7,448	771	2,789
Other liabilities
-3,411	2,539	15	189	-346	-898	113	335
Net cash provided by operating activities
113,403	75,113	51,550	24,262	-82	68,475	63,706	54,681
Cash flows from investing activities
Purchases of property and equipment
42,326	31,223	26,142	24,689	8,253	5,083	7,369	15,148
Purchases of textbooks
-	-	-	886	32,297	112,814	122,247	104,518
Proceeds from liquidations of textbooks
0	0	6,943	25,646	38,260	58,119	37,946	34,076
Purchases of investments
959,911	146,856	128,247	7,633	35,610	70,706	61,420	0
Proceeds from sale of investments
53,261	1,800	16,393	22,830	350	46,358	0	0
Maturities of investments
324,700	138,380	9,750	6,844	47,840	50,700	0	0
Acquisition of businesses, net of cash acquired
79,149	34,650	14,931	27,055	0	53,872	0	0
Purchase of strategic equity investment
0	10,000	0	-	-	-	-	-
Release of cash from escrow
-	-	-	-	-	52	0	2,513
Purchases of strategic equity investments
-	-	-	1,020	2,019	0	0	-
Net cash (used in) provided by investing activities
-703,425	-82,549	-136,234	-5,963	8,271	-87,350	-153,090	-88,103
Cash flows from financing activities
Proceeds from debt obligations
-	-	-	-	-	-	31,000	20,000
Payments of debt obligations
-	-	-	-	-	-	51,000	20,500
Common stock issued under stock plans, net
35,100	29,116	23,659	2,104	13,696	2,712	3,369	-
Proceeds from issuance of common stock under employee stock plans
-	-	-	-	-	-	-	0
Proceeds from issuance of convertible preferred stock, net
-	-	-	-	-	-	-	24,983
Proceeds from exercise of common stock under employee stock plans
-	-	-	-	-	-	-	552
Payment of taxes related to the net share settlement of equity awards
94,571	49,089	20,115	10,779	8,710	3,980	1,034	0
Payment of deferred cash consideration related to acquisitions
0	0	16,939	0	0	-	-	-
Proceeds from follow-on offering, net of offering costs
0	0	147,609	0	0	-	-	-
Proceeds from Debt, Net of Issuance Costs
780,180	335,618	0	0	-	-	-	-
Purchase of convertible senior notes capped call
97,200	39,227	0	0	-	-	-	-
Proceeds from initial public offering, net of issuance costs
-	-	-	-	-	-	162,883	0
Repurchase of common stock
20,000	20,000	0	0	2,263	604	0	5,190
Net cash (used in) provided by financing activities
603,509	256,418	134,214	-8,675	2,723	-1,872	145,218	19,845
Net (decrease) increase in cash, cash equivalents and restricted cash
13,487	248,982	49,530	9,624	10,912	-20,747	55,834	-13,577
Supplemental cash flow data:
Interest
1,332	605	85	50	95	114	2,541	2,313
Income taxes
2,070	2,097	1,790	1,094	827	625	429	362
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
5,297	0	0	-	-	-	-	-
Right of use assets obtained in exchange for lease obligations, operating leases
3,364	0	0	-	-	-	-	-
Non-cash investing and financing activities:
Accrued purchases of long-lived assets
10,036	1,210	3,573	2,333	1,771	5,132	3,215	5,932
Issuance of common stock related to prior acquisition
3,003	0	0	-	825	2,585	0	0
Issuance of preferred stock warrants
-	-	-	-	-	-	-	1,094
Conversion of preferred stock warrants to common stock warrants
-	-	-	-	-	-	7,097	0
Conversion of preferred stock warrants into common stock
-	-	-	-	-	-	207,238	0
Issuance of common stock upon exercise of stock warrants
-	-	-	-	-	-	118	0
Deemed dividend to preferred stockholders
-	-	-	-	-	-	102,557	0
Issuance of common stock warrants in connection with consulting services
-	-	-	-	-	-	130	73
Cancellation of shares held in escrow from acquisitions
-	-	-	-	-	-	-	146
Accrued deferred cash consideration related to acquisition
-	-	-	-	-	0	769	0