CHEGG, INC CHGG Cash Flow

Chegg, inc (CHGG)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Cash flows from operating activities
Net loss
-11,000	-9,605	-12,477	-14,709	-16,589	-14,888	-16,576	-14,383	-16,499	-20,283	-25,431	-29,978	-32,961	-42,245	-37,126	-45,230	-46,353	-59,210	-61,152	-69,426	-67,541	-64,758	-71,863	-68,677	-63,784	-55,850	0	0	0
Adjustments to reconcile net loss to net cash provided by operating activities:
Provision (release) for bad debts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	326	71	206	0	0	0
Gain on liquidation of textbooks
-	-	-	-	-	-	-	-	-	4,766	4,913	2,240	4,431	670	2,200	5,782	1,146	4,326	1,360	2,495	7,062	4,555	4,018	4,377	585	1,186	0	0	0
Loss from write-offs of textbooks
-	-	-	-	-	-	-	-	-	314	508	931	1,180	1,090	1,659	2,159	2,977	5,297	4,935	7,340	8,676	10,534	12,718	10,396	8,246	5,874	0	0	0
Loss from write-offs of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Print textbook depreciation expense
0	-	-	-	0	-	-	-	-	-	-	-	-	9,267	15,618	23,297	33,375	43,553	52,765	59,493	64,726	70,147	73,692	72,072	68,387	64,759	0	0	0
Other depreciation and amortization expense
32,705	30,247	27,543	26,074	24,373	22,805	21,667	20,909	20,165	19,337	18,820	17,545	16,332	14,520	12,332	11,166	10,916	11,511	12,516	13,028	12,296	11,159	9,821	8,994	9,189	10,078	0	0	0
Share-based compensation expense
68,205	64,909	61,882	58,835	55,426	52,030	48,394	44,667	41,723	38,359	36,552	36,671	38,793	41,785	39,692	38,415	35,025	38,775	41,467	44,328	44,978	36,888	52,275	44,338	39,738	36,958	0	0	0
Amortization of debt discount and issuance costs
52,143	43,202	33,650	24,098	14,499	10,494	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	881	1,183	1,545	0	0	0
Gain on textbook library, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease expense, net of accretion
4,389	4,385	3,284	2,168	1,049	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revaluation of preferred stock warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	622	0	0	0
Other non-cash items
373	416	356	165	-62	-65	-57	-238	-73	-68	-3	-10	22	-47	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Change in assets and liabilities:
Accounts receivable
-2,734	-1,829	4,797	-2,797	297	1,538	-1,448	-445	-661	175	-347	745	341	127	-1,423	-3,203	-439	-712	-1,525	-618	-2,952	1,709	2,725	1,452	2,913	1,474	0	0	0
Prepaid expenses and other current assets
11,115	12,930	1,412	11,090	8,549	4,921	6,407	2,295	-6,897	-13,550	-10,458	-30,019	-25,614	-10,039	87	21,381	39,096	27,878	27,128	18,612	6,677	2,981	8,861	2,404	1,723	1,661	0	0	0
Other assets
1,753	1,494	-2,624	-2,882	612	-48	-129	-76	-471	-1,049	-810	-1,632	-575	-761	104	737	381	592	212	-62	-133	155	-4,149	-2,302	34	-209	0	0	0
Accounts payable
-995	-2,395	-89	-2,812	2,125	893	1,939	4,528	720	2,649	-5,732	-5,335	-258	-728	-3,500	2,930	-907	-4,236	7,333	-4,101	885	5,037	-2,954	5,957	2,183	-30	0	0	0
Deferred revenue
6,433	-1,682	2,176	5,111	7,651	3,978	3,375	1,253	519	-1,396	-8,098	-2,001	-8,800	-272	-16,214	-5,431	-18,200	-9,620	-26,381	-4,423	-7,277	1,657	185	365	3,370	2,772	0	0	0
Accrued liabilities
15,550	-206	5,889	8,913	8,340	3,838	5,251	-1,772	1,544	2,087	-2,616	-1,376	3,518	-9,499	924	3,869	-3,253	5,237	12,932	4,677	276	7,448	1,312	-2,599	-271	771	0	0	0
Other liabilities
-1,505	-3,411	-1,843	-2,782	-747	2,539	481	411	-107	15	1,404	1,240	614	189	-244	-928	-453	-346	-1,080	-381	-1,027	-898	55	-255	-9	113	0	0	0
Net cash provided by operating activities
158,429	113,403	117,021	99,444	86,501	75,113	66,430	58,551	56,909	51,550	23,323	47,899	44,689	24,262	12,530	5,854	-26,006	-82	18,587	32,818	46,024	68,475	59,567	63,819	63,269	63,706	0	0	0
Cash flows from investing activities
Purchases of property and equipment
48,231	42,326	44,695	44,627	40,400	31,223	24,260	23,722	26,255	26,142	26,785	22,979	24,659	24,689	20,203	18,324	11,567	8,253	7,160	6,733	5,284	5,083	5,972	6,677	7,110	7,369	0	0	0
Purchases of textbooks
0	-	-	-	0	-	-	-	-	-	-	-	-	886	866	1,573	3,597	32,297	45,571	91,308	98,993	112,814	113,224	132,802	131,722	122,247	0	0	0
Proceeds from disposition of textbooks
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from liquidations of textbooks
-	-	-	-	-	-	-	-	-	6,943	8,716	17,795	26,469	25,646	27,903	30,361	32,401	38,260	52,174	62,075	58,822	58,119	45,566	35,622	34,916	37,946	0	0	0
Purchases of investments
1,050,760	959,911	856,449	607,585	155,917	146,856	129,106	194,881	140,758	128,247	112,417	0	0	7,633	23,268	26,116	37,000	35,610	26,809	32,951	34,120	70,706	0	0	0	-	-	-	-
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	22,830	22,830	23,180	900	350	0	0	0	-	-	-	-	-	-	-	-
Maturities of investments
397,679	324,700	211,044	152,505	165,555	138,380	127,830	81,730	31,380	9,750	0	0	600	6,844	24,695	34,994	41,944	47,840	42,459	40,790	49,740	50,700	0	0	0	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	14,931	1,191	1,891	27,243	27,055	0	0	0	-	-	-	-	53,872	0	0	0	-	-	-	-
Purchase of strategic equity investment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-763,860	-703,425	-646,839	-528,119	-73,612	-82,549	-71,423	-149,849	-133,983	-136,234	-117,269	-8,430	-4,017	-5,963	4,207	15,339	21,062	8,271	7,022	-30,681	-36,901	-87,350	-161,856	-195,571	-195,565	-153,090	0	0	0
Cash flows from financing activities
Common stock issued under stock plans, net
30,785	35,100	33,376	28,274	30,876	29,116	33,557	31,944	26,118	23,659	14,555	10,759	4,867	2,104	2,222	2,877	7,070	13,696	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of common stock under employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0
Payment of taxes related to the net share settlement of equity awards
65,363	94,571	94,496	91,026	89,493	49,089	47,882	45,579	43,137	20,115	19,624	17,389	17,066	10,779	9,687	9,478	10,650	8,710	8,286	7,864	4,917	3,980	0	0	0	-	-	-	-
Proceeds from Debt, Net of Issuance Costs
97,586	780,180	780,180	780,197	1,018,212	335,618	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of convertible senior notes capped call
12,150	97,200	97,200	97,200	124,277	39,227	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
0	20,000	20,000	20,000	40,000	20,000	0	0	0	-	-	-	-	-	-	-	-	2,263	2,867	2,867	2,867	604	0	0	0	-	-	-	-
Net cash (used in) provided by financing activities
50,858	603,509	601,860	600,245	795,318	256,418	262,043	410,159	113,651	134,214	125,624	-23,380	-12,199	-8,675	-7,465	-6,601	-3,580	2,723	2,146	2,167	1,465	-1,872	139,548	140,896	141,442	145,218	0	0	0
Net (decrease) increase in cash, cash equivalents and restricted cash
-554,573	13,487	72,042	171,570	808,207	248,982	257,050	318,861	36,577	49,530	31,678	16,089	28,473	9,624	9,272	14,592	-8,524	10,912	27,755	4,304	10,588	-20,747	37,259	9,144	9,146	55,834	0	0	0
Supplemental cash flow data:
Interest
1,832	1,332	1,451	999	586	605	74	74	74	85	69	79	61	50	66	64	89	95	102	133	108	114	291	1,375	2,023	2,541	0	0	0
Income taxes
2,200	2,070	2,029	2,015	2,220	2,097	2,109	1,963	1,905	1,790	1,504	1,663	1,080	1,094	972	508	806	827	793	751	688	625	559	533	698	429	0	0	0
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
5,743	5,297	3,847	2,325	1,126	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Accrued purchases of long-lived assets
12,929	10,036	2,669	1,043	3,133	1,210	2,854	7,766	4,755	3,573	4,528	2,284	2,045	2,333	2,289	-841	1,322	1,771	-605	3,409	5,230	5,132	2,375	4,805	1,476	3,215	0	0	0
Issuance of common stock related to prior acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	825	1,825	1,825	3,410	2,585	0	0	0	-	-	-	-
Issuance of common stock warrants in connection with consulting services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	130	0	0	0