CARNIVAL PLC (CUK) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
CUK currently has 1.17B outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 13.5% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Jun 26, 2025 |
10-Q filing | 1167.4M shares outstanding |
1.2B | 0 |
| Mar 25, 2025 |
10-Q filing | 1166.6M shares outstanding |
1.2B | 0 |
| Jan 27, 2025 |
10-K filing | 1274.0M shares outstanding |
1.3B | 0 |
| Sep 30, 2024 |
10-Q filing | 1267.0M shares outstanding |
1.3B | 0 |
| Jun 27, 2024 |
10-Q filing | 1122.5M shares outstanding |
1.1B | 0 |
| Mar 27, 2024 |
10-Q filing | 1122.3M shares outstanding |
1.1B | 0 |
| Jan 26, 2024 |
10-K filing | 1119.4M shares outstanding |
1.1B | 0 |
| Sep 29, 2023 |
10-Q filing | 1119.4M shares outstanding |
1.1B | 0 |
| Jun 28, 2023 |
10-Q filing | 1119.3M shares outstanding |
1.1B | 0 |
| Mar 29, 2023 |
10-Q filing | 1116.0M shares outstanding |
1.1B | 0 |
| Jan 27, 2023 |
10-K filing | 1180.0M shares outstanding |
1.2B | 0 |
| Nov 18, 2022 |
8-K filing: Carnival Corporation closed a private offering of $1 billion aggregate principal amount of 5.75% Convertible Senior Notes due 2027, with an option for the initial purchasers to purchase up to an additional $150 million aggregate principal amount of Convertible Notes. |
1.1B | 0 |
| Sep 30, 2022 |
10-Q filing | 1112.7M shares outstanding |
1.1B | 0 |
| Jul 25, 2022 |
8-K filing: Carnival Corporation completed the sale of 102,139,621 shares of its common stock in an underwritten public offering at a price of $9.95 per share, with net proceeds intended for general corporate purposes, including addressing 2023 debt maturities. |
990M | 0 |
| Jun 29, 2022 |
10-Q filing | 994.6M shares outstanding |
990M | 0 |
| Mar 28, 2022 |
10-Q filing | 989.7M shares outstanding |
990M | 0 |
| Jan 27, 2022 |
10-K filing | 986.4M shares outstanding |
990M | 0 |
| Sep 30, 2021 |
10-Q filing | 981.0M shares outstanding |
980M | 0 |
| Jun 28, 2021 |
10-Q filing | 973.8M shares outstanding |
970M | 0 |
| Apr 07, 2021 |
10-Q filing | 973.5M shares outstanding |
970M | 0 |
| Feb 24, 2021 |
8-K filing: Carnival Corporation completed the sale of 40,450,619 shares of its common stock in an underwritten public offering for general corporate purposes. |
930B | 0 |
| Jan 26, 2021 |
10-K filing | 932485.5M shares outstanding |
930B | 0 |
| Nov 23, 2020 |
8-K filing: Carnival Corporation closed a registered direct offering of 10.4 million shares of its common stock at $17.59 per share and used the proceeds to repurchase $90.8 million principal amount of its Convertible Notes. |
780M | 0 |
| Nov 19, 2020 |
8-K filing: Carnival Corporation closed a registered direct offering of 49.2 million shares of its common stock at $18.05 per share and used the proceeds to repurchase $427.9 million principal amount of its Convertible Notes. |
780M | 0 |
| Nov 16, 2020 |
8-K filing: Carnival Corporation completed the sale of 94.5 million shares of Carnival Corporation common stock under its $1.5 billion "at-the-market" equity offering program on November 13, 2020, and also completed the sale of 67.1 million shares under its $1.0 billion "at-the-market" equity program on October 30, 2020. |
780M | 0 |
| Nov 10, 2020 |
8-K filing: Carnival Corporation completed the sale of 67.1 million shares of common stock under a previously announced $1 billion at-the-market equity offering program and announced a new at-the-market equity offering program for up to $1.5 billion. ($1000.0M proceeds) |
780M | 0 |
| Oct 08, 2020 |
10-Q filing | 775.0M shares outstanding |
780M | 0 |
| Aug 07, 2020 |
8-K filing: Carnival Corporation closed a registered direct offering of 93.7 million shares of its common stock at $14.02 per share and used the proceeds to repurchase $836.3 million of its Convertible Notes. |
600M | 0 |
| Jul 10, 2020 |
10-Q filing | 600.7M shares outstanding |
600M | 0 |
| Apr 03, 2020 |
10-Q filing | 527.8M shares outstanding |
530M | 0 |
| Apr 02, 2020 |
8-K filing: Carnival Corporation priced an underwritten public offering of 62,500,000 shares of common stock at $8.00 per share and private offerings of $4 billion 11.500% first-priority senior secured notes due 2023 and $1.75 billion 5.75% senior convertible notes due 2023. ($500.0M proceeds) |
530M | 0 |
| Jan 28, 2020 |
10-K filing | 527.7M shares outstanding |
530M | 0 |