10-19-2014, 10:37 AM
(10-15-2014, 09:27 PM)earthtodan Wrote: Agreed. It's great that they were able to make a $2.5b acquisition with cash on hand and still have no debt. But, QCOM does buy back a lot of stock, and it doesn't seem to have reduced their share count over the past 5 years.
Hmmm that is a good point.
Mar 2012 QCOM share buyback announcement = $4B
Mar 2013 QCOM share buyback announcement = $5B
Mar 2014 QCOM share buyback announcement = $5B
Share count Sep 2012 = 1741M
Share count Sep 2013 = 1754M (+13M)
Share count ttm = 1723M (-31M)
2012-2013: So, while the share buyback was announced (a publicity stunt?), the company was also issuing new shares?
2013-2014: Share count drop at an average price of $75/share = $2.3B. This is inline with the authorization.