Switch to:
Boise Inc (NYSE:BZ)
Shares Outstanding
101 Mil (As of Jun. 2013)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Boise Inc's shares outstanding for the quarter that ended in Jun. 2013 was 101 Mil.

Boise Inc's quarterly shares outstanding increased from Mar. 2013 (100 Mil) to Jun. 2013 (101 Mil). It means Boise Inc issued new shares from Mar. 2013 to Jun. 2013 .

Boise Inc's annual shares outstanding declined from Dec. 2011 (107 Mil) to Dec. 2012 (101 Mil). It means Boise Inc bought back shares from Dec. 2011 to Dec. 2012 .


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.

Boise Inc Annual Data

Shares Outstanding 000034748384107101

Boise Inc Quarterly Data

Shares Outstanding 90112118107101101101101100101
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial