Chegg (CHGG) Financials

$2.9 B

Mkt cap, 23-May-2018
Net income (Q1, 2018)-2.6 M
EBIT (Q1, 2018)-2.6 M
Cash, 31-Mar-2018106.8 M

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

304.8 m301.4 m254.1 m

Revenue growth, %

(1%)(16%)

Cost of goods sold

211 m189.8 m119.6 m

Gross profit

93.8 m111.5 m134.5 m

Gross profit Margin, %

31%37%53%

Sales and marketing expense

72.3 m64.1 m53.9 m51.2 m

R&D expense

49.4 m59.4 m66.3 m81.9 m

General and administrative expense

41.8 m45.2 m55.4 m64.4 m

Operating expense total

163.5 m168.7 m175.7 m193.9 m

EBIT

(65.1 m)(57.7 m)(40.1 m)(19 m)

EBIT margin, %

(21%)(19%)(16%)

Interest expense

317 k247 k171 k74 k

Pre tax profit

(64.6 m)(57.7 m)(40.5 m)(18.5 m)

Income tax expense

186 k1.5 m1.7 m1.8 m

Net Income

(64.8 m)(59.2 m)(42.2 m)(20.3 m)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

74.4 m64.5 m81.5 m84.9 m67.1 m81.3 m66.7 m53 m71.3 m62.6 m56.3 m

Cost of goods sold

65.5 m38.6 m68.3 m65.5 m36.3 m61.7 m38.9 m21.4 m38.7 m21.4 m17 m

Gross profit

8.9 m25.9 m13.3 m19.4 m30.8 m19.6 m27.7 m31.6 m32.6 m41.2 m39.3 m

Gross profit Margin, %

12%40%16%23%46%24%42%60%46%66%70%

Sales and marketing expense

15 m14.8 m23.5 m21.4 m12.4 m16.2 m14.4 m11.7 m15.3 m16 m10.1 m15.3 m

R&D expense

11.3 m12.2 m13.5 m16.1 m13.3 m15.7 m17 m16 m16.2 m19.3 m19.9 m25.5 m

General and administrative expense

9.8 m10.7 m11 m11.8 m11.9 m12.1 m12.7 m14.6 m13.9 m15.3 m14.5 m18.3 m

Operating expense total

34.5 m35.5 m45.9 m47.6 m40.5 m43.4 m43 m40 m48 m46.7 m44.6 m59.3 m

EBIT

(25.6 m)(9.6 m)(32.6 m)(28.3 m)(9.7 m)(23.8 m)(15.3 m)(8.4 m)(15.3 m)(5.5 m)(5.3 m)(2.6 m)

EBIT margin, %

(34%)(15%)(40%)(33%)(14%)(29%)(23%)(16%)(21%)(9%)(9%)

Interest expense

61 k127 k67 k61 k60 k61 k60 k61 k30 k19 k18 k20 k

Pre tax profit

(25.5 m)(28.2 m)(15.3 m)(8.5 m)(15.5 m)(5.8 m)(5.3 m)(2.1 m)

Income tax expense

217 k(1.4 m)281 k294 k430 k389 k400 k509 k554 k647 k716 k541 k

Net Income

(25.8 m)(8.2 m)(32.4 m)(28.5 m)(10.1 m)(24.2 m)(15.7 m)(9 m)(16.1 m)(6.4 m)(6 m)(2.6 m)

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

56.1 m67 m77.3 m126.5 m

Accounts Receivable

400.7 m

Inventories

63.8 m

Current Assets

110.8 m132.8 m111.4 m228.9 m

PP&E

18.4 m20 m35.3 m47.5 m

Goodwill

91.3 m91.3 m116.2 m125.3 m

Total Assets

318.1 m291.4 m290.7 m446.9 m

Accounts Payable

10.9 m5.9 m5.2 m7 m

Current Liabilities

66.7 m56.1 m64.3 m51.6 m

Non-Current Liabilities

4.4 m

Total Liabilities

71.1 m68.7 m55.9 m

Additional Paid-in Capital

516.8 m560.2 m593.4 m782.8 m

Retained Earnings

(269.9 m)(329.1 m)(371.3 m)(391.6 m)

Total Equity

247 m231.1 m221.9 m391.1 m

Financial Leverage

1.3 x1.3 x1.3 x1.1 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

39.4 m30.8 m53.2 m50 m35.1 m80.9 m41.5 m49.7 m90.2 m70.3 m66.1 m106.8 m

Current Assets

108.4 m74.6 m111 m102.2 m99.2 m151.2 m124.1 m108.4 m139.3 m103.9 m89.4 m214.8 m

PP&E

19 m18.9 m18.3 m17.9 m18.6 m18.5 m23.4 m29.4 m30.8 m36.8 m40.3 m48.2 m

Goodwill

49.6 m86.7 m86.7 m91.3 m91.3 m91.3 m91.3 m115 m115 m116.2 m116.2 m125.5 m

Total Assets

332.8 m314.5 m348.1 m309.7 m287.6 m322.1 m274.7 m292.9 m316.2 m281 m268.2 m423.5 m

Accounts Payable

3.7 m9.8 m6.1 m4.8 m3.8 m12 m4.3 m6.3 m8 m3.3 m809 k4 m

Current Liabilities

75.7 m54 m108.1 m70 m47.5 m97.7 m50.4 m67.1 m97 m62.4 m41.1 m49 m

Non-Current Liabilities

5.2 m5.2 m5.3 m4.3 m

Total Liabilities

80.8 m59.2 m113.4 m74.3 m52.2 m102 m54.3 m71.2 m101.1 m66.9 m46.1 m53.5 m

Additional Paid-in Capital

482.7 m494.4 m506.2 m533.7 m543.8 m552.8 m565.2 m575.6 m585 m591.8 m605.6 m764.1 m

Retained Earnings

(230.9 m)(239.1 m)(271.6 m)(298.4 m)(308.5 m)(332.7 m)(344.8 m)(353.8 m)(369.8 m)(377.7 m)(383.8 m)(394.3 m)

Total Equity

251.9 m255.4 m234.7 m235.4 m235.3 m220.1 m220.4 m221.7 m215.1 m214.1 m222.1 m370 m

Financial Leverage

1.3 x1.2 x1.5 x1.3 x1.2 x1.5 x1.2 x1.3 x1.5 x1.3 x1.2 x1.1 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(64.8 m)(59.2 b)(42.2 m)(20.3 m)

Accounts Receivable

4 m(2 m)(127 k)(175 k)

Inventories

(20 m)29 m10 m

Accounts Payable

10.9 m(58 m)(728 k)2.6 m

Cash From Operating Activities

(20.7 m)10.9 m24.9 m51.1 m

Purchases of PP&E

(24.7 m)(26.1 m)

Cash From Investing Activities

(6 m)(136.2 m)

Cash From Financing Activities

(8.7 m)134.2 m

Interest Paid

50 k85 k

Income Taxes Paid

1.1 m1.8 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(25.8 m)(8.2 m)(32.4 m)(28.5 m)(10.1 m)(24.2 m)(15.7 m)(9 m)(16.1 m)(6.4 m)(2.6 m)

Depreciation and Amortization

5.2 m

Accounts Receivable

2.8 m

Accounts Payable

9.8 m6.1 m4.8 m3.8 m12 m4.3 m6.3 m8 m3.3 m(3.1 m)

Cash From Operating Activities

6.6 m

Purchases of PP&E

(4.9 m)

Cash From Investing Activities

4.2 m

Cash From Financing Activities

(30.4 m)

Interest Paid

19 k

Income Taxes Paid

503 k

Ratios

USDY, 2018

Financial Leverage

1.1 x
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