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Autodesk, Inc. (NAS:ADSK)
Shares Outstanding
233 Mil (As of Jan. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Autodesk, Inc.'s shares outstanding for the quarter that ended in Jan. 2014 was 233 Mil.

Autodesk, Inc.'s quarterly shares outstanding increased from Oct. 2013 (228 Mil) to Jan. 2014 (233 Mil). It means Autodesk, Inc. issued new shares from Oct. 2013 to Jan. 2014 .

Autodesk, Inc.'s annual shares outstanding declined from Jan. 2013 (232 Mil) to Jan. 2014 (230 Mil). It means Autodesk, Inc. bought back shares from Jan. 2013 to Jan. 2014 .


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.

Autodesk, Inc. Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
Shares Outstanding 246248243242230232234233232230

Autodesk, Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
Shares Outstanding 231232234232230233229228228233
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