-For $3.9 trillion in buybacks by S&amp;P500 (ex-Fin) past 10 years, companies used 52% of aggregate free cash flow
-Median SP500 co spent 43% of FCF on buybacks
-175 cos spent &gt;half of their FCF on buybacks 
-67 cos spent more on buybacks than FCF generated (27 cos had negative FCF) https://t.co/fvPgWJ5w2N