Overview Financials News + Filings Key Docs Charts Ownership Insiders
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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
United States | 690.0 | | | | | | | |
Internationally | 86.3 | | | | | | | |
Total revenues [+] | 776.3 | 644.3 | 410.9 | 321.1 | 255.1 | 254.1 | 301.4 | 304.8 |
Products | | | | | | | 47.9 | 35.8 |
Services | | | | | | | 133.1 | 87.5 |
Revenue growth [+] | 20.5% | 56.8% | 28.0% | 25.9% | 0.4% | -15.7% | -1.1% | 19.3% |
Chegg Services | 28.5% | 56.9% | 30.8% | 36.8% | 43.6% | 37.2% | 38.4% | 62.8% |
Cost of goods sold [+] | 254.9 | 205.4 | 92.2 | 80.0 | 80.2 | 119.6 | 189.8 | 211.0 |
Cost of product sales | | | | | | | 46.2 | 34.1 |
Cost of services | | | | | | | 45.5 | 31.2 |
Real estate or leased property costs | | | | | | | 98.2 | 145.8 |
Gross profit | 521.4 | 438.9 | 318.7 | 241.1 | 174.9 | 134.5 | 111.5 | 93.8 |
Gross margin | 67.2% | 68.1% | 77.6% | 75.1% | 68.6% | 52.9% | 37.0% | 30.8% |
Selling, general and administrative [+] | 264.4 | 211.3 | 161.2 | 132.4 | 115.7 | 109.3 | 109.3 | 114.2 |
Sales and marketing | 105.4 | 81.9 | 63.6 | 54.7 | 51.2 | 53.9 | 64.1 | 72.3 |
General and administrative | 159.0 | 129.3 | 97.6 | 77.7 | 64.4 | 55.4 | 45.2 | 41.8 |
Research and development | 178.8 | 170.9 | 139.8 | 114.3 | 81.9 | 66.3 | 59.4 | 49.4 |
Adjusted EBITDA | 250.2 | 187.8 | 113.0 | 69.2 | 35.0 | 15.1 | -6.9 | -21.6 |
Adjusted EBITDA margin | 32.2% | 29.2% | 27.5% | 21.6% | 13.7% | 6.0% | -2.3% | -7.1% |
Stock-based compensation | 108.8 | 84.1 | 64.9 | 52.0 | 38.4 | 41.8 | 38.8 | 36.9 |
EBITDA [+] | 141.4 | 103.8 | 48.1 | 17.2 | -3.3 | -26.6 | -45.6 | -58.5 |
EBITDA growth | 36.2% | 115.9% | 179.9% | -612.8% | -87.4% | -41.6% | -22.0% | 60.6% |
EBITDA margin | 18.2% | 16.1% | 11.7% | 5.3% | -1.3% | -10.5% | -15.1% | -19.2% |
Depreciation and amortization | 63.3 | 47.0 | 30.2 | 22.8 | 19.3 | 14.5 | 11.5 | 11.2 |
EBIT [+] | 78.1 | 56.8 | 17.8 | -5.6 | -22.7 | -41.2 | -57.2 | -69.7 |
EBIT growth | 37.6% | 218.5% | -416.4% | -75.2% | -44.9% | -28.0% | -18.0% | 33.5% |
EBIT margin | 10.1% | 8.8% | 4.3% | -1.8% | -8.9% | -16.2% | -19.0% | -22.9% |
Non-recurring items [+] | | | | 0.6 | -3.7 | -1.1 | 0.5 | -4.6 |
Loss (gain) on sale of assets | | | | | -4.8 | -0.7 | -4.3 | -4.6 |
Interest expense | 6.9 | 66.3 | 44.9 | 11.2 | 0.1 | 0.2 | 0.2 | 0.3 |
Interest expense | 6.9 | 66.3 | 44.9 | 11.2 | 0.1 | 0.2 | 0.2 | 0.3 |
Other income (expense), net [+] | -65.5 | 8.7 | 20.1 | 4.0 | 0.6 | -0.3 | 0.2 | 0.9 |
Other | -65.5 | 8.7 | 20.1 | 4.0 | 0.6 | -0.3 | 0.2 | 0.9 |
Pre-tax income | 5.7 | -0.9 | -7.0 | -13.5 | -18.5 | -40.5 | -57.7 | -64.6 |
Income taxes | 7.2 | 5.4 | 2.6 | 1.4 | 1.8 | 1.7 | 1.5 | 0.2 |
Tax rate | 125.4% | | | | | | | |
Net income | -1.5 | -6.2 | -9.6 | -14.9 | -20.3 | -42.2 | -59.2 | -64.8 |
Net margin | -0.2% | -1.0% | -2.3% | -4.6% | -8.0% | -16.6% | -19.6% | -21.2% |
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Basic EPS [+] | ($0.01) | ($0.05) | ($0.08) | ($0.13) | ($0.20) | ($0.47) | ($0.68) | ($0.78) |
Growth | -79.2% | -38.4% | -38.7% | -35.2% | -56.5% | -31.6% | -12.4% | -89.7% |
Diluted EPS [+] | ($0.01) | ($0.05) | ($0.08) | ($0.13) | ($0.20) | ($0.47) | ($0.68) | ($0.78) |
Growth | -79.2% | -38.4% | -38.7% | -35.2% | -56.5% | -31.6% | -12.4% | -89.6% |
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Shares outstanding (basic) [+] | 141.3 | 125.4 | 119.2 | 113.3 | 100.0 | 90.5 | 86.8 | 83.2 |
Growth | 12.7% | 5.2% | 5.3% | 13.2% | 10.5% | 4.3% | 4.3% | 298.1% |
Shares outstanding (diluted) [+] | 141.3 | 125.4 | 119.2 | 113.3 | 100.0 | 90.5 | 86.8 | 83.2 |
Growth | 12.7% | 5.2% | 5.3% | 13.2% | 10.5% | 4.3% | 4.3% | 293.9% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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