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Dell Inc (NAS:DELL)
Shares Outstanding
1,764 Mil (As of Jul. 2013)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Dell Inc's shares outstanding for the quarter that ended in Jul. 2013 was 1,764 Mil.

Dell Inc's quarterly shares outstanding increased from Apr. 2013 (1,761 Mil) to Jul. 2013 (1,764 Mil). It means Dell Inc issued new shares from Apr. 2013 to Jul. 2013 .

Dell Inc's annual shares outstanding declined from Jan. 2012 (1,853 Mil) to Jan. 2013 (1,755 Mil). It means Dell Inc bought back shares from Jan. 2012 to Jan. 2013 .


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.

Dell Inc Annual Data

Shares Outstanding 2,6192,5682,4492,2712,2471,9861,9621,9551,8531,755

Dell Inc Quarterly Data

Shares Outstanding 1,9231,8711,8281,7901,7741,7531,7421,7491,7611,764
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