Share count +0.6% in a year
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 1 registration of shares for a merger, units or notes; also 1 debt shelf.
- Apr 1, 2026 Shares for a merger, units or notes 424B3
Every offering filing →“424B3 tm266847-7_424b3.htm Filed Pursuant to Rule 424(b)(3) Registration No. 333-293872 MERGER PROPOSED — YOUR VOTE IS VERY IMPORTANT April 1, 2026 Dear Stockholder of Penumbra, Inc.: On behalf of the Board of Directors of Penumbra, Inc., which we refer to as “Penumbra,” we are pleased to enclose the accompanying proxy statement/prospectus relating to the proposed transaction between Penumbra and Boston Scientific …”
424B3, Apr 1, 2026 ↗
Bought back
-
no buyback line in the 10-K XBRL, year to Dec 31, 2025
Diluted shares: 1.49B in the year to Dec 31, 2025 2025 +0.6%2024 +1.5%2023 +1.7%2022 +0.4%
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 | $4.5B |
| Debt raised | $1.6B |
Went to
| Capital spending | $876.0M |
| Acquisitions | $1.6B |
| Added to cash | $1.5B |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$2.1B |
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.
Michael F. Mahoney
- Operating cash flow
- $13.9B
- Capital spending
- $3.5B
- Acquisitions
- $11.8B
- Buybacks
- $0
- Dividends
- $138.0M
- Stock-based pay
- $1.2B
- Diluted shares since FY2020
- +5.5%
- Revenue since FY2020
- +103%
- Debt since FY2020
- +$2.3B
- CEO pay (reported)
- $96.7M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | - | - | $299.0M | - | 1.49B |
| 2024-12-31 | - | $0 | $266.0M | - | 1.49B |
| 2023-12-31 | - | $28.0M | $233.0M | - | 1.46B |
| 2022-12-31 | $0 | $55.0M | $220.0M | $0 | 1.44B |
| 2021-12-31 | $0 | $55.0M | $194.0M | $0 | 1.43B |
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: sbc = ShareBasedCompensation; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.