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Teva Pharmaceutical Industries Ltd (NYSE:TEVA)
Shares Outstanding
861 Mil (As of Dec. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Teva Pharmaceutical Industries Ltd's shares outstanding for the quarter that ended in Dec. 2014 was 861 Mil.

Teva Pharmaceutical Industries Ltd's quarterly shares outstanding stayed the same from Sep. 2014 (861 Mil) to Dec. 2014 (861 Mil).

Teva Pharmaceutical Industries Ltd's annual shares outstanding increased from Dec. 2013 (850 Mil) to Dec. 2014 (858 Mil). It means Teva Pharmaceutical Industries Ltd issued new shares from Dec. 2013 to Dec. 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.

Teva Pharmaceutical Industries Ltd Annual Data

Shares Outstanding 681805830820896921893873850858

Teva Pharmaceutical Industries Ltd Quarterly Data

Shares Outstanding 869868856849846848852857861861
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