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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Cardinal Health's average diluted shares outstanding for the quarter that ended in Mar. 2024 was 245 Mil.
The historical data trend for Cardinal Health's Shares Outstanding (Diluted Average) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cardinal Health Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Shares Outstanding (Diluted Average) | Get a 7-Day Free Trial | 301.00 | 293.00 | 294.00 | 279.00 | 262.00 |
Cardinal Health Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Shares Outstanding (Diluted Average) | Get a 7-Day Free Trial | 258.00 | 256.00 | 250.00 | 246.00 | 245.00 |
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.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
Cardinal Health (NYSE:CAH) Shares Outstanding (Diluted Average) 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.
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.
Thank you for viewing the detailed overview of Cardinal Health's Shares Outstanding (Diluted Average) provided by GuruFocus.com. Please click on the following links to see related term pages.
Deborah Weitzman | officer: CEO, Pharmaceutical Segment | 600 WEST 22ND STREET, SUITE 300, OAK BROOK IL 60523 |
Mary C. Scherer | officer: Chief Accounting Officer | 6026 LUDWIG STREET, POWELL OH 43065 |
Ola M Snow | officer: Chief Human Resources Officer | 7000 CARDINAL PLACE, DUBLIN OH 43017 |
Stephen M Mason | officer: CEO, Medical Segment | 7000 CARDINAL PLACE, DUBLIN OH 43017 |
Jessica L Mayer | officer: Chief Legal/Compliance Officer | 7000 CARDINAL PLACE, DUBLIN OH 43017 |
Michelle D. Greene | officer: Chief Information Officer | 1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203 |
Aaron E Alt | officer: Chief Financial Officer | 3001 COLORADO BLVD., DENTON TX 76210 |
Michelle Brennan | director | 1855 S. GRANT STREET, SAN MATEO CA 94402 |
Sujatha Chandrasekaran | director | 77 HOT METAL STREET, PITTSBURGH PA 15203 |
Christine Mundkur | director | |
Steven Barg | director | ELLIOTT MANAGEMENT CORPORATION, 40 WEST 57TH STREET, NEW YORK NY 10019 |
Patricia M English | officer: Chief Accounting Officer | 7000 CARDINAL PLACE, DUBLIN OH 43017 |
Sheri H. Edison | director | 1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006 |
Jason M. Hollar | officer: Chief Financial Officer | 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
John H Weiland | director | C/O C.R BARD INC, 730 CENTRAL AVE, MURRAY HILL NJ 07974 |
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