Buyback Radar

CF Industries

CF

CF Industries has retired 35.1% of its shares since 2017, from 233,292,049 to 151,338,130.

35.1%retired since 2017
29.6%last 5 years
6.6%last 12 months
151Mshares today
Shares outstanding, 2006 to todaysplit adjusted, from SEC filings
a quarter gone 2006half gone 2006three quarters gone 2006233M shares, 2017151M2010201520202025
2006, 55,027,7232026-08-03, 151,338,130

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2015
1.5× more of CF Industries today, without buying another share. It was one of 233,082,556 shares then. It is one of 151,338,130 now.
Every filing we read20 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20062006-02-2855,027,72310-Kcover page
20072007-12-3155,700,00010-Kfiscal-year average
20082008-12-3148,391,58410-K
20092010-01-2948,577,78410-K
20102011-01-3171,297,93610-K
20112012-01-3165,476,10210-K
20122013-01-3163,004,25710-K
20132014-01-3155,465,88010-K
20142015-01-3147,907,91210-K
20152016-01-29233,082,55610-K
20162017-01-31233,114,69110-K
20172018-01-31233,292,04910-K
20182019-01-31222,890,55710-K
20192020-01-31216,171,17710-K
20202021-01-29214,159,74010-K
20212022-01-31207,304,88210-K
20222023-01-31195,768,33910-K
20232024-01-31188,337,89610-K
20242025-01-31169,536,80310-K
20252026-01-30153,668,82110-K

Source: all 10-K filings of CF Industries on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2018cash flow statement against share count
$6.3Bspent on buybacks
82Mfewer shares outstanding
$77spent per share that actually disappeared
$264Mpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like CF Industries in depth on Cannibal Stocks.

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