10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-214391`
Period End Date	20110630
Filing Date	20110808
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	slv-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 41 Cash Flow Statement 35 Stockholders Equity 13

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$10.76B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$10.74B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$13.56B	USD	Point-in-time
Redeemable capital shares, par value	`RedeemableCapitalSharesParValue`	-	USD	Point-in-time
Silver bullion inventory (fair value of $10,737,494 and $10,755,319, respectively)	`OtherInventory`	$5.63B	USD	Point-in-time
Silver bullion inventory (fair value of $10,737,494 and $10,755,319, respectively)	`OtherInventory`	$6.38B	USD	Point-in-time
Redeemable capital shares, par value	`RedeemableCapitalSharesParValue`	-	USD	Point-in-time
Redeemable capital shares, issued	`RedeemableCapitalSharesIssued`	314.40M	shares	Point-in-time
Redeemable capital shares, issued	`RedeemableCapitalSharesIssued`	359.20M	shares	Point-in-time
Payable for capital Shares redeemed	`PayableForCapitalSharesRedeemed`	$42.34M	USD	Point-in-time
Receivable for capital Shares sold	`ReceivableForCapitalSharesSold`	$17.96M	USD	Point-in-time
Redeemable capital shares, outstanding	`RedeemableCapitalSharesOutstanding`	359.20M	shares	Point-in-time
Redeemable capital shares, outstanding	`RedeemableCapitalSharesOutstanding`	314.40M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$6.34B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.65B	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.62M	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.33M	USD	Point-in-time
Commitments and contingent liabilities (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) - 314,400,000 issued and outstanding at June 30, 2011 and 359,200,000 issued and outstanding at December 31, 2010	`RedeemableCapitalShares`	$10.75B	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) - 314,400,000 issued and outstanding at June 30, 2011 and 359,200,000 issued and outstanding at December 31, 2010	`RedeemableCapitalShares`	$10.73B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-5.11B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-4.40B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-975.31M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`TotalLiabilitiesRedeemableCapitalSharesAndShareholdersEquityDeficit`	$6.34B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`TotalLiabilitiesRedeemableCapitalSharesAndShareholdersEquityDeficit`	$5.65B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver to pay expenses	`ProceedsFromSalesOfSilverToPayExpenses`	$6.63M	USD	1 Quarter
Proceeds from sales of silver to pay expenses	`ProceedsFromSalesOfSilverToPayExpenses`	$29.29M	USD	2 Qtrs
Proceeds from sales of silver to pay expenses	`ProceedsFromSalesOfSilverToPayExpenses`	$13.03M	USD	2 Qtrs
Proceeds from sales of silver to pay expenses	`ProceedsFromSalesOfSilverToPayExpenses`	$16.86M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfSilverSoldToPayExpenses`	$8.26M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfSilverSoldToPayExpenses`	$14.91M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfSilverSoldToPayExpenses`	$5.04M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfSilverSoldToPayExpenses`	$10.29M	USD	2 Qtrs
Gain on sales of silver to pay expenses	`GainLossOnDispositionOfAssets`	$1.59M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnDispositionOfAssets`	$2.74M	USD	2 Qtrs
Gain on sales of silver to pay expenses	`GainLossOnDispositionOfAssets`	$14.37M	USD	2 Qtrs
Gain on sales of silver to pay expenses	`GainLossOnDispositionOfAssets`	$8.60M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$1.96B	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$2.44B	USD	2 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$56.78M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$110.21M	USD	2 Qtrs
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$1.97B	USD	1 Quarter
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$2.45B	USD	2 Qtrs
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$112.94M	USD	2 Qtrs
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$58.37M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$29.58M	USD	2 Qtrs
Sponsor's fees	`SponsorsFees`	$16.17M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$6.69M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$12.97M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$29.58M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$12.97M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$16.17M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$6.69M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$234.42M	USD	Annual
NET INCOME	`NetIncomeLoss`	$99.97M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$1.95B	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$51.68M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$2.42B	USD	2 Qtrs
Net income per Share	`NetIncomeLossPerShare`	$6.97	USD	2 Qtrs
Net income per Share	`NetIncomeLossPerShare`	$0.17	USD	1 Quarter
Net income per Share	`NetIncomeLossPerShare`	$5.71	USD	1 Quarter
Net income per Share	`NetIncomeLossPerShare`	$0.33	USD	2 Qtrs
Weighted-average Shares outstanding	`WeightedAverageSharesOutstanding`	299.17M	shares	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageSharesOutstanding`	303.23M	shares	2 Qtrs
Weighted-average Shares outstanding	`WeightedAverageSharesOutstanding`	342.25M	shares	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageSharesOutstanding`	347.14M	shares	2 Qtrs

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver	`ProceedsFromSaleOfOtherAssets`	$29.29M	USD	2 Qtrs
Proceeds from sales of silver	`ProceedsFromSaleOfOtherAssets`	$13.03M	USD	2 Qtrs
Expenses - Sponsor's fees paid	`PaymentsForFees`	$29.29M	USD	2 Qtrs
Expenses - Sponsor's fees paid	`PaymentsForFees`	$13.03M	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Net income	`NetIncomeLoss`	$234.42M	USD	Annual
Net income	`NetIncomeLoss`	$99.97M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.95B	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.42B	USD	2 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$1.96B	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$2.44B	USD	2 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$56.78M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$110.21M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfSilverSoldToPayExpenses`	$8.26M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfSilverSoldToPayExpenses`	$14.91M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfSilverSoldToPayExpenses`	$5.04M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfSilverSoldToPayExpenses`	$10.29M	USD	2 Qtrs
Increase (decrease) in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-54.00K	USD	2 Qtrs
Increase (decrease) in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$295.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Carrying value of silver received for creation of Shares	`CarryingValueOfSilverReceivedForCreationOfShares`	$3.17B	USD	2 Qtrs
Carrying value of silver received for creation of Shares	`CarryingValueOfSilverReceivedForCreationOfShares`	$293.00M	USD	2 Qtrs
Carrying value of silver distributed for redemption of Shares, at average cost	`CarryingValueOfSilverDistributedForRedemptionOfSharesAtAverageCost`	$371.35M	USD	2 Qtrs
Carrying value of silver distributed for redemption of Shares, at average cost	`CarryingValueOfSilverDistributedForRedemptionOfSharesAtAverageCost`	$2.47B	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-5.11B	USD	Point-in-time
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-4.40B	USD	Point-in-time
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-975.31M	USD	Point-in-time
Net income	`NetIncomeLoss`	$234.42M	USD	Annual
Net income	`NetIncomeLoss`	$99.97M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.95B	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.42B	USD	2 Qtrs
Adjustment of redeemable capital Shares to redemption value	`AdjustmentOfRedeemableCapitalSharesToRedemptionValue`	$4.36B	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`AdjustmentOfRedeemableCapitalSharesToRedemptionValue`	$1.71B	USD	2 Qtrs
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-5.11B	USD	Point-in-time
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-4.40B	USD	Point-in-time
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-975.31M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.