Share count -0.3% in a year
Dilution: new shares, stock pay and buybacks
New Oct 16, 2026: Shelf registration: shares and other securities, amount not fixed (S-3ASR) Email me when GPC files the next one
Shares offered
Since Nov 12, 2023: 1 shelf registration; also 1 notes offering.
- Oct 16, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
Every offering filing →“from time to time, offer and sell common stock, preferred stock, depositary shares and debt securities.”
S-3ASR, Oct 16, 2026 ↗
Diluted shares: 139.25M in the year to Dec 31, 2025 2025 -0.3%2024 -1.0%2023 -0.9%2022 -1.3%
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
FY2021 to FY2025, from the cash flow statements in the 10-Ks, added up.
Came from
| Operating cash flow NetCashProvidedByUsedInOperatingActivities, 0000040987-24-000024; NetCashProvidedByUsedInOperatingActivities, 0000040987-25-000026; NetCashProvidedByUsedInOperatingActivities, 0000040987-26-000003 |
$6.3B |
| Cash on hand used CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000040987-24-000024; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000040987-25-000026; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000040987-26-000003 |
$513.0M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$11.1B |
Went to
| Capital spending PaymentsToAcquirePropertyPlantAndEquipment, 0000040987-24-000024; PaymentsToAcquirePropertyPlantAndEquipment, 0000040987-25-000026; PaymentsToAcquirePropertyPlantAndEquipment, 0000040987-26-000003 |
$2.2B |
| Acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired, 0000040987-24-000024; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000040987-25-000026; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000040987-26-000003 |
$2.2B |
| Buybacks PaymentsForRepurchaseOfCommonStock, 0000040987-24-000024; PaymentsForRepurchaseOfCommonStock, 0000040987-25-000026; PaymentsForRepurchaseOfCommonStock, 0000040987-26-000003 |
$967.8M |
| Dividends PaymentsOfDividends, 0000040987-24-000024; PaymentsOfDividends, 0000040987-25-000026; PaymentsOfDividends, 0000040987-26-000003 |
$2.6B |
| Debt repaid RepaymentsOfDebt, 0000040987-24-000024; RepaymentsOfDebt, 0000040987-25-000026; RepaymentsOfDebt, 0000040987-26-000003 |
$9.9B |
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.
Mr. Stengel
- Operating cash flow
- $2.1B
- Capital spending
- $1.0B
- Buybacks
- $150.0M
- Dividends
- $1.1B
- Stock-based pay
- $89.5M
- Diluted shares since FY2023
- -1.3%
- Revenue since FY2023
- +5%
- Debt since FY2023
- +$1.2B
- CEO pay (reported)
- $20.6M
Mr. Donahue
- Operating cash flow
- $4.2B
- Capital spending
- $1.1B
- Acquisitions
- $2.2B
- Buybacks
- $817.8M
- Dividends
- $1.5B
- Stock-based pay
- $120.9M
- Diluted shares since FY2020
- -2.8%
- Revenue since FY2020
- +40%
- Debt since FY2020
- +$1.2B
- CEO pay (reported)
- $33.6M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | $0 | $563.8M | $48.8M | - | 139.25M |
| 2024-12-31 | $150.0M | $554.9M | $40.7M | - | 139.67M |
| 2023-12-31 | $261.5M | $526.7M | $57.2M | - | 141.03M |
| 2022-12-31 | $222.7M | $495.9M | $38.1M | - | 142.32M |
| 2021-12-31 | $333.6M | $465.6M | $25.6M | - | 144.22M |
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 = PaymentsOfDividends; sbc = ShareBasedCompensation; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.