Intel Corp (INTC)

[Windsock]

The number of shares outstanding is affected by several things but bonus money is not one of those things.

A major factor in the variation of outstanding shares is the movement of vested stock options into or out of the money. Vested stock option shares are counted as outstanding shares if they are in the money or not if they are out of the money.

When in the money shares are exercised they permanently become outstanding shares. Intel receives the strike price for the option shares -- option shares are not delivered for free -- and the funds are entered as increased capital.

Perhaps you are suggesting that stock options are a bonus even though this characterization is not accurate. If you want to misuse the term "bonus" to include the value of stock options your calculation has no relation to the value of a stock option.

The GAAP standard requires companies to expense options using a Black Scholes calculation. Other calculation methods exist but your calculation using stock buyback and outstanding shares is totally off the mark.