CHEGG INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 20, 2024
CHGG$0.61-0.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net revenues | $716,295 | $766,897 | $776,265 |
| Cost of revenues | 225,941 | 197,396 | 254,904 |
| Gross profit | 490,354 | 569,501 | 521,361 |
| Operating expenses: | |||
| Research and development | 191,705 | 196,637 | 178,821 |
| Sales and marketing | 126,591 | 147,660 | 105,414 |
| General and administrative | 239,783 | 216,247 | 159,019 |
| Total operating expenses | 558,079 | 560,544 | 443,254 |
| (Loss) income from operations | (67,725) | 8,957 | 78,107 |
| Interest expense, net and other income (expense), net | |||
| Interest expense, net | (3,773) | (6,040) | (6,896) |
| Other income (expense), net | 121,810 | 101,029 | (65,472) |
| Total interest expense, net and other income (expense), net | 118,037 | 94,989 | (72,368) |
| Income before (provision for) benefit from income taxes | 50,312 | 103,946 | 5,739 |
| (Provision for) benefit from income taxes | (32,132) | 162,692 | (7,197) |
| Net income (loss) | $18,180 | $266,638 | $(1,458) |
| Net income (loss) per share | |||
| Basic | $0.16 | $2.09 | $(0.01) |
| Diluted | $(0.34) | $1.34 | $(0.01) |
| Weighted average shares used to compute net income (loss) per share | |||
| Basic | 116,504 | 127,557 | 141,262 |
| Diluted | 128,569 | 149,859 | 141,262 |
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