Chegg, inc (CHGG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Net revenues:
Net revenues

131,590

125,504

94,151

93,862

97,409

95,676

74,237

74,222

76,949

73,507

62,640

56,317

62,602

63,057

71,343

53,036

66,654

68,154

81,286

67,061

84,872

84,417

81,532

64,492

74,393

77,116

61,587

55,857

61,015

Cost of revenues:
Cost of revenues

42,390

26,165

22,164

20,518

23,335

22,070

19,918

17,784

20,224

19,381

22,356

17,042

21,396

20,572

38,699

21,407

38,923

26,380

61,720

36,256

65,493

38,623

68,281

38,596

65,485

37,574

58,425

29,607

49,454

Gross profit

89,200

99,339

71,987

73,344

74,074

73,606

54,319

56,438

56,725

54,126

40,284

39,275

41,206

42,485

32,644

31,629

27,731

41,774

19,566

30,805

19,379

45,794

13,251

25,896

8,908

39,542

3,162

26,250

11,561

Operating expenses:
Research and development

39,541

38,573

36,442

32,065

32,692

33,495

29,045

26,218

25,533

22,849

19,876

19,899

19,302

17,099

16,241

16,033

16,958

14,315

15,664

13,268

16,144

12,387

13,490

12,189

11,320

12,593

9,999

9,799

9,553

Sales and marketing

20,238

16,235

16,822

11,795

18,717

12,251

15,690

11,437

15,336

10,994

14,184

10,098

15,964

12,500

15,256

11,747

14,446

14,097

16,211

12,382

21,392

19,018

23,453

14,817

15,027

13,657

14,223

8,674

13,748

General and administrative

26,145

27,445

23,752

22,622

23,670

19,979

20,000

19,479

18,256

17,248

17,320

14,501

15,342

14,232

13,905

14,569

12,666

9,429

12,060

11,943

11,777

10,357

10,986

10,654

9,840

19,956

6,247

7,574

6,709

Restructuring charges

0

0

28

47

22

337

17

15

220

24

64

59

900

-125

-100

-154

-44

1,548

342

464

2,514

0

0

0

0

-

-

-

-

Gain on liquidation of textbooks

-

-

-

-

-

-

-

-

-

0

0

0

4,766

147

-2,673

2,191

1,005

1,677

909

-2,445

4,185

-1,289

2,044

2,122

1,678

-1,826

2,403

-1,670

2,279

Total operating expenses

85,924

82,253

77,044

66,529

75,101

66,062

64,752

57,149

59,345

51,115

51,444

44,557

46,742

43,559

47,975

40,004

43,021

37,712

43,368

40,502

47,642

43,051

45,885

35,538

34,509

48,032

28,066

27,717

27,731

Income (loss) from operations

3,276

17,086

-5,057

6,815

-1,027

7,544

-10,433

-711

-2,620

3,011

-11,160

-5,282

-5,536

-1,074

-15,331

-8,375

-15,290

4,062

-23,802

-9,697

-28,263

2,743

-32,634

-9,642

-25,601

-8,490

-24,904

-1,467

-16,170

Interest expense, net and other income, net:
Interest expense, net

-13,427

-13,557

-13,548

-13,514

-4,232

-3,769

-3,772

-3,664

-20

-18

-19

-18

-19

-20

-30

-61

-60

-65

-61

-60

-61

-62

-67

-127

-61

-7,480

1,306

1,183

1,173

Other income, net

4,960

5,492

7,751

5,253

1,567

1,320

1,209

894

564

507

261

-9

-199

-151

-148

-63

65

-1

85

56

76

62

541

156

120

3,329

-2,840

-551

-297

Total interest expense, net and other income, net

-8,467

-8,065

-5,797

-8,261

-2,665

-2,449

-2,563

-2,770

544

489

242

-27

-218

-171

-178

-124

5

-66

24

-4

15

0

474

29

59

3,173

-4,146

-1,734

-1,470

Loss before provision for income taxes

-5,191

9,021

-10,854

-1,446

-3,692

5,095

-12,996

-3,481

-2,076

3,500

-10,918

-5,309

-5,754

-1,245

-15,509

-8,499

-15,285

3,996

-23,778

-9,701

-28,248

2,743

-32,160

-9,613

-25,542

-5,317

-29,050

-3,201

-17,640

Provision for income taxes

500

834

600

600

600

-211

700

400

541

-159

598

716

647

244

554

509

400

366

389

430

294

1,055

281

-1,367

217

100

205

152

185

Net Income (Loss) Attributable to Parent

-5,713

8,219

-11,477

-2,029

-4,318

5,347

-13,709

-3,909

-2,617

3,659

-11,516

-6,025

-6,401

-1,489

-16,063

-9,008

-15,685

3,630

-24,167

-10,131

-28,542

1,688

-32,441

-8,246

-25,759

-5,417

-29,255

-3,353

-17,825

Net loss per share, basic and diluted (in dollars per share)

-0.05

0.08

-0.10

-0.02

-0.04

0.04

-0.12

-0.03

-0.02

0.04

-0.11

-0.06

-0.07

-0.02

-0.17

-0.10

-0.18

0.06

-0.28

-0.12

-0.34

0.02

-0.39

-0.10

-0.31

-3.56

-2.27

-0.27

-1.48

Weighted average shares used to compute net loss per share, basic and diluted (in shares)

122,428

121,211

120,085

118,790

116,730

115,178

114,184

112,738

110,904

109,170

103,041

95,047

92,830

91,543

91,059

90,416

89,118

88,031

87,706

86,741

84,794

83,742

83,688

83,209

82,181

46,146

12,873

12,558

12,031

Rental
Total net revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

7,756

5,511

12,006

14,564

27,166

22,703

32,782

37,714

53,534

38,923

42,257

46,856

-

-

-

-

Cost of Revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

2,132

7,646

5,346

13,513

11,289

27,080

21,238

38,555

24,671

43,503

29,889

47,697

-

-

-

-

Services
Total net revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

54,587

50,265

37,795

39,752

39,094

33,358

29,276

31,367

28,207

23,408

18,599

17,246

-

-

-

-

Cost of Revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

16,522

13,203

12,606

13,875

13,269

10,377

9,975

11,837

10,372

8,218

4,912

7,656

-

-

-

-

Sales
Total net revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

714

15,567

3,235

12,338

1,894

25,225

5,003

15,791

2,676

19,201

3,636

10,291

-

-

-

-

Cost of Revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

1,918

17,850

3,455

11,535

1,822

24,263

5,043

15,101

3,580

16,560

3,795

10,132

-

-

-

-