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Clorox Co (NYSE:CLX)
Shares Outstanding
131 Mil (As of Sep. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Clorox Co's shares outstanding for the quarter that ended in Sep. 2014 was 131 Mil.

Clorox Co's quarterly shares outstanding increased from Jun. 2014 (131 Mil) to Sep. 2014 (131 Mil). It means Clorox Co issued new shares from Jun. 2014 to Sep. 2014 .

Clorox Co's annual shares outstanding declined from Jun. 2013 (133 Mil) to Jun. 2014 (132 Mil). It means Clorox Co bought back shares from Jun. 2013 to Jun. 2014 .


Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Related Terms

Net Issuance of Stock, Buy Back Rate

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Clorox Co Annual Data

Shares Outstanding 179153154142140142138132133132

Clorox Co Quarterly Data

Shares Outstanding 132132132133134132132132131131
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