By - Kanolie
Berkshire repurchased 2,416 A Shares for around $1 billion at an average price of $429,759, or $286.51 Class B-Equivalent.
where did we get 500 m share repurchase from Oct1-Oct 26??
On September 30, there were 1,466,045 A-Class equivalents as shown on the press release:
Multiplying that by 1500 gives you a conversation to B-Class equivalents, and that equals 2,199,067,500 shares total.
As of October 26th, there were 596,826 A-Class Shares, and 1,301,981,370 B-Class shares shown at the bottom of page 1 of the earnings report:
Converting the A-Class shares to B-Class by multiplying by 1500 then adding in the B shares gives a total of 2,197,220,370 shares at that date.
That is 1,847,130 fewer B-Class equivalent. If you estimate they paid an average price of around $275, which was close to the average price over this date range, that equals $507,960,750
The only unknown is the average price paid.