The formula for calculating the shares outstanding consists of subtracting the shares repurchased from the total shares issued to date. The following partial stockholders' equity information was found on the balance sheet of the Dallas Company as of December 31, 2020.Outstanding Shares refers to the number of shares that a company has issued to shareholders (including founders, investors, advisors, and option holders). Question: The following partial stockholders' equity information was found on the balance sheet of the Dallas Company as of December 31, 2020. Generally, both of these figures can be found on a company's balance sheet. Outstanding shares = Issued shares - Treasury shares. Wondering how to calculate weighted average of outstanding shares? Check out this article explaining the calculation and providing an example. The formula is total issued shares minus treasury shares. Dallas, Texas 75240-2694.