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Liberty Interactive Corp (NAS:LINTA)
Shares Outstanding
570 Mil (As of Jun. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Liberty Interactive Corp's shares outstanding for the quarter that ended in Jun. 2014 was 570 Mil.

Liberty Interactive Corp's quarterly shares outstanding declined from Mar. 2014 (578 Mil) to Jun. 2014 (570 Mil). It means Liberty Interactive Corp bought back shares from Mar. 2014 to Jun. 2014 .

Liberty Interactive Corp's annual shares outstanding declined from Dec. 2012 (584 Mil) to Dec. 2013 (564 Mil). It means Liberty Interactive Corp bought back shares from Dec. 2012 to Dec. 2013 .


Definition

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.


Explanation

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.

Liberty Interactive Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Shares Outstanding 0701670636594594605602584564

Liberty Interactive Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Shares Outstanding 581562552632614531560549578570
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