Share count +17.8% in a year
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 1 sale of new shares, 1 convertible offering, 2 registrations of shares for a merger, units or notes, 1 shelf registration.
- Dec 20, 2024 Shares for a merger, units or notes 424B3
- Nov 18, 2024 Shares for a merger, units or notes 424B3
- Oct 29, 2024 Convertible preferred stock: 100.0M shares 424B5
- Oct 29, 2024 Sale of 112.5M new shares 424B5
- Oct 15, 2024 Shelf registration: shares and other securities, amount not fixed S-3
Every offering filing →“424B3 d835944d424b3.htm Filed Pursuant to Rule 424(b)(3) File No. 333-281498 MERGER PROPOSED — YOUR VOTE IS IMPORTANT Dear Stockholders of Spirit AeroSystems Holdings, Inc.: On June 30, 2024, Spirit AeroSystems Holdings, Inc. (“Spirit”) entered into an Agreement and Plan of Merger (as it may be amended from time to time, the “Merger Agreement”), with The Boeing Company (“Boeing”) and Sphere Acquisition Corp., a …”
424B3, Dec 20, 2024 ↗
Bought back
-
no buyback line in the 10-K XBRL, year to Dec 31, 2025
Diluted shares: 762.30M in the year to Dec 31, 2025 2025 +17.8%2024 +6.8%2023 +1.8%2022 +1.2%
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
FY2025, from the cash flow statement in the 10-K, added up.
Came from
| Operating cash flow | $1.1B |
| Debt raised | $165.0M |
| Cash on hand used | $2.2B |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$4.8B |
Went to
| Capital spending | $2.9B |
| Acquisitions | $1.2B |
| Dividends | $331.0M |
| Debt repaid | $3.6B |
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.
What the 10-Ks show for each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years.
Robert K. Ortberg, David Calhoun
- Operating cash flow
- $1.1B
- Capital spending
- $2.9B
- Acquisitions
- $1.2B
- Dividends
- $331.0M
- Stock-based pay
- $426.0M
- Diluted shares since FY2024
- +17.8%
- Revenue since FY2024
- +34%
- Debt since FY2024
- +$7.4B
- CEO pay (reported)
- $23.6M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | - | $331.0M | $426.0M | - | 762.30M |
| 2024-12-31 | - | - | $407.0M | $18.2B | 646.90M |
| 2023-12-31 | - | - | $690.0M | $45.0M | 605.80M |
| 2022-12-31 | - | - | $725.0M | $50.0M | 594.90M |
| 2021-12-31 | - | - | $833.0M | $42.0M | 587.60M |
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: dividends = PaymentsOfDividends; sbc = ShareBasedCompensation; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.
What it paid for each share it bought back
What BA 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 | |
|---|---|---|---|---|
| 2019-12-31 | 7.53M | $2.7B | $352.08 | |
| 2018-12-31 | 26.81M | $9.0B | $335.73 | |
| 2017-12-31 | 46.86M | $9.2B | $197.10 | |
| 2016-12-31 | 55.85M | $7.0B | $125.36 | |
| 2015-12-31 | 47.39M | $6.8B | $142.45 | |
| 2014-12-31 | 47.37M | $6.0B | $126.68 | |
| 2013-12-31 | 26.16M | $2.8B | $107.09 | |
| 2009-12-31 | 1.17M | $50.0M | $42.62 | |
| 2008-12-31 | 42.07M | $2.9B | $69.81 |
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. The latest year with both numbers tagged is 2019.