Share count +1.8% in a year
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 1 sale of new shares, 1 registration of shares for a merger, units or notes, 1 shelf registration.
- Oct 5, 2026 Sale of 471.3M new shares 424B5
- Jul 31, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
- Feb 13, 2025 Shares for a merger, units or notes 424B3
Every offering filing →“may offer and sell, from time to time, in one or more offerings and series, together or separately: • debt securities; guarantees; preferred stock; non-voting Class B Common Stock; and warrants representing rights to purchase any of the other securities that may be sold under this prospectus.”
S-3ASR, Jul 31, 2026 ↗
Bought back
-
no buyback line in the 10-K XBRL, year to Dec 31, 2024
Diluted shares: 664.00M in the year to Dec 31, 2024 2024 +1.8%
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
FY2024, from the cash flow statement in the 10-K, added up.
Came from
| Operating cash flow | $752.0M |
Went to
| Capital spending | $263.0M |
| Dividends | $139.0M |
| Debt repaid | $126.0M |
| Added to cash | $201.0M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$23.0M |
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 |
|---|---|---|---|---|---|
| 2024-12-31 | - | $139.0M | $245.0M | - | 664.00M |
| 2023-12-31 | - | $389.0M | $177.0M | - | 652.00M |
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 = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.