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CHEGG, INC (CHGG)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  690.0       
    Internationally  86.3       
Total revenues   [+]776.3644.3410.9321.1255.1254.1301.4304.8
            Revenue growth   [+]20.5%56.8%28.0%25.9%0.4%-15.7%-1.1%19.3%
Cost of goods sold   [+]254.9205.492.280.080.2119.6189.8211.0
Gross profit  521.4438.9318.7241.1174.9134.5111.593.8
            Gross margin  67.2%68.1%77.6%75.1%68.6%52.9%37.0%30.8%
Selling, general and administrative   [+]264.4211.3161.2132.4115.7109.3109.3114.2
Research and development  178.8170.9139.8114.381.966.359.449.4
Adjusted EBITDA  250.2187.8113.069.235.015.1-6.9-21.6
            Adjusted EBITDA margin  32.2%29.2%27.5%21.6%13.7%6.0%-2.3%-7.1%
Stock-based compensation  108.884.164.952.038.441.838.836.9
EBITDA   [+]141.4103.848.117.2-3.3-26.6-45.6-58.5
            EBITDA margin  18.2%16.1%11.7%5.3%-1.3%-10.5%-15.1%-19.2%
Depreciation and amortization  63.347.030.222.819.314.511.511.2
EBIT   [+]78.156.817.8-5.6-22.7-41.2-57.2-69.7
            EBIT margin  10.1%8.8%4.3%-1.8%-8.9%-16.2%-19.0%-22.9%
Non-recurring items   [+]   0.6-3.7-1.10.5-4.6
Interest expense  6.966.344.911.20.10.20.20.3
Other income (expense), net   [+]-65.58.720.14.00.6-0.30.20.9
Pre-tax income  5.7-0.9-7.0-13.5-18.5-40.5-57.7-64.6
Income taxes  7.25.42.61.41.81.71.50.2
            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%
   
Basic EPS   [+]($0.01)($0.05)($0.08)($0.13)($0.20)($0.47)($0.68)($0.78)
Diluted EPS   [+]($0.01)($0.05)($0.08)($0.13)($0.20)($0.47)($0.68)($0.78)
   
Shares outstanding (basic)   [+]141.3125.4119.2113.3100.090.586.883.2
Shares outstanding (diluted)   [+]141.3125.4119.2113.3100.090.586.883.2
   
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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