Chegg 2015 Annual Report Download - page 4
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2015
2014
2015
2014
Net income (loss)
3,630
$
1,688
$
(59,210)
$
(64,758)
$
Interest expense, net
65
62
247
317
Provision for income taxes
366
1,055
1,479
186
Textbook library depreciation expense
6,715
15,927
43,553
70,147
Other depreciation and amortization
2,331
3,336
11,511
11,159
EBITDA
13,107
22,068
(2,420)
17,051
Textbook library depreciation expense
(6,715)
(15,927)
(43,553)
(70,147)
Share-based compensation expense
6,991
9,683
38,775
36,888
Other (expense) income, net
1
(62)
(216)
(879)
Restructuring charges
1,548
—
4,868
—
Transitional logistic charges
174
—
6,033
—
Acquisition related compensation costs
208
1,512
1,871
2,583
Impairment of intangible assets
—
1,552
—
1,552
Adjusted EBITDA
15,314
$
18,826
$
5,358
$
(12,952)
$
Year Ended December 31,
CHEGG, INC.
RECONCILIATION OF GAAP NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA
(in thousands)
(unaudited)
Three Months Ended
December 31,