What's the Story With Chegg's Cash? [The Motley Fool]
Chegg, Inc. (CHGG)
Last chegg, inc. earnings: 2/10 04:05 pm
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US:NYSE Investor Relations:
investor.chegg.com/overview/default.aspx
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Source: The Motley Fool
The online learning specialist has assembled quite a war chest -- but for what underlying purpose? Chegg Inc. 's ( NYSE:CHGG ) latest earnings report, released April 26, highlighted the benefits of its transition to an all-digital enterprise , as revenue advanced by a brisk 23% to $76.9 million in the first three months of the year. Revenue isn't the only financial item the education industry dynamo is bulking up, however. At the beginning of 2017, Chegg had $77.3 million in cash in its coffers. Fast-forward to its most recent balance sheet date of March 31, 2018: Cash has expanded to $106.8 million, and in addition, the company holds $82.3 million in short-term investments. That brings Chegg's liquid asset total to $189.1 million. While Chegg has enjoyed much better cash flow since it began outsourcing the physical renting and sale of textbooks to third parties two years ago, it hasn't generated nearly enough operating cash flow to push these balances up so quickly
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CHGG
Earnings
- 2/5/24 - Beat
CHGG
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEF
- 4/19/24 - Form DEFA14A
- CHGG's page on the SEC website