Chegg, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-103.4M | $-837.1M | $18.2M | $266.6M | $-1.5M | $-6.2M | $-9.6M | $-14.9M |
| Depreciation & Amortization | — | — | $105.3M | $64.1M | $49.6M | $32.6M | $24.2M | $16.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $31.9M | $84.6M | $133.5M | $133.5M | $108.8M | $84.1M | $64.9M | $52.0M |
| Net Cash from Operating Activities | $15.5M | $125.2M | $246.2M | $255.7M | $273.2M | $236.4M | $113.4M | $75.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $28.1M | $75.0M | $83.1M | $103.1M | $94.2M | $81.3M | $42.3M | $31.2M |
| Business Acquisitions | — | $0 | $0 | $401.1M | $7.9M | $92.8M | $79.1M | $34.7M |
| Net Cash from Investing Activities | $282.3M | $11.3M | $268.7M | $104.9M | $-365.8M | $-732.8M | $-703.4M | $-82.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $2.6M | $334.8M | $323.5M | $300.0M | $0 | $20.0M | — |
| Net Cash from Financing Activities | $-428.5M | $-109.1M | $-852.8M | $-744.8M | $466.7M | $588.6M | $603.5M | $256.4M |
| Net Change in Cash | $-130.9M | $26.4M | $-337.9M | $-380.0M | $374.2M | $92.3M | $13.5M | — |
| Free Cash Flow | $-12.6M | $50.3M | $163.1M | $152.6M | $179.0M | $155.1M | $71.1M | $43.9M |