Bought back $434.0M of its own shares, 9.1× what it paid in stock
Dilution: new shares, stock pay and buybacks
New Nov 10, 2026: Shelf registration: shares and other securities, amount not fixed (S-3ASR) Email me when AME files the next one
Shares offered
Since Nov 14, 2023: 1 shelf registration.
- Nov 10, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
Every offering filing →“We may offer, issue and sell from time to time, in one or more offerings, in amounts, at prices and on terms determined at the time of any such offering (1) shares of our common stock, (2) shares of our preferred stock, which we may issue in one or more series, (3) depositary shares representing interests in our preferred stock, (4) debt securities, which may be issued in one or more series and which may be senior …”
S-3ASR, Nov 10, 2026 ↗
Diluted shares: 231.26M in the year to Dec 31, 2025 2025 -0.4%2024 +0.3%2023 0.0%2022 -0.5%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
Where the cash came from and where it went
FY2023 to FY2025, from the cash flow statements in the 10-Ks, added up.
Came from
| Operating cash flow | $5.4B |
| Shares sold | $154.1M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$518.0M |
Went to
| Capital spending | $393.6M |
| Acquisitions | $3.3B |
| Buybacks | $653.8M |
| Dividends | $774.5M |
| Debt repaid | $814.9M |
| Added to cash | $112.6M |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | $434.0M | $285.3M | $47.8M | $36.4M | 231.26M |
| 2024-12-31 | $212.0M | $258.8M | $47.9M | $66.9M | 232.17M |
| 2023-12-31 | $7.8M | $230.3M | $46.2M | $50.9M | 231.51M |
| 2022-12-31 | $332.8M | $202.2M | $47.4M | $49.9M | 231.54M |
| 2021-12-31 | $14.7M | $184.6M | $46.1M | $60.3M | 232.81M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromStockOptionsExercised; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.
What it paid for each share it bought back
What AME paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.
| Fiscal year to | Shares bought | Spent | Average price | |
|---|---|---|---|---|
| 2025-12-31 | 2.30M | $443.0M | $192.61 | |
| 2024-12-31 | 1.30M | $223.1M | $171.62 | |
| 2023-12-31 | 100K | $7.8M | $78.00 | |
| 2022-12-31 | 2.70M | $332.8M | $123.26 | |
| 2021-12-31 | 113K | $14.7M | $130.09 | |
| 2020-12-31 | 55K | $4.7M | $85.45 | |
| 2019-12-31 | 133K | $11.9M | $89.47 | |
| 2018-12-31 | 5.08M | $367.7M | $72.40 | |
| 2017-12-31 | 114K | $6.9M | $60.53 | |
| 2016-12-31 | 7.10M | $336.1M | $47.35 |
Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out.