Chegg 2013 Annual Report Download - page 125
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CHEGG, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following table sets forth the computation of historical basic and diluted net loss per share attributable
to common stockholders (in thousands, except per share amounts):
Year Ended December 31,
2013 2012 2011
Numerator:
Net loss ................................. $ (55,850) $(49,043) $(37,601)
Deemed dividend to preferred stockholders .... (102,557) — —
$(158,407) $(49,043) $(37,601)
Denominator:
Weighted-average common shares
outstanding ............................ 21,121 12,132 9,225
Less: Weighted-average unvested common
shares subject to repurchase or forfeiture ..... (219) (949) (772)
Weighted-average common shares used in
computing basic and diluted net loss per
share ................................. 20,902 11,183 8,453
Net loss per share attributable to common
stockholders, basic and diluted ................ $ (7.58) $ (4.39) $ (4.45)
The following potential common shares outstanding were excluded from the computation of diluted net loss
per share attributable to common stockholders because including them would have been anti-dilutive (in
thousands):
Year Ended December 31,
2013 2012 2011
Options to purchase common stock ................... 17,972 12,860 10,489
RSUs ........................................... 1,480 1,328 1,334
Common stock subject to repurchase or forfeiture ........ 100 398 1,392
Warrants to purchase common stock .................. 1,118 36 —
Warrants to purchase convertible preferred stock ......... — 1,132 932
Convertible preferred stock .......................... — 42,242 40,160
Total common stock equivalents ...................... 20,670 57,996 54,307
Foreign Currency Translation
The functional currency of our foreign subsidiaries is the local currency. Adjustments resulting from the
translation of foreign currencies into U.S. dollars for balance sheet amounts are based on the exchange rates as of
the consolidated balance sheet date. Non-monetary balance sheet items denominated in a currency other than the
applicable functional currency are translated using the historical rate. Revenue and expenses are translated at
average exchange rates during the period. Foreign currency translation gains or losses are included in
accumulated other comprehensive loss as a component of stockholders’ equity (deficit) on the consolidated
balance sheets. Gains or losses resulting from foreign currency transactions, which are denominated in currencies
other than the entity’s functional currency, are included in other income (expense) in the consolidated statements
of operations and were not material during 2013, 2012 or 2011.
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