10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-221428`
Period End Date	20120331
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	slv-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 29 Income Statement 22 Cash Flow Statement 31 Stockholders Equity 11

Balance Sheet 29 line items

Line Item	Tag	Value	Unit	Period
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$8.70B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$10.76B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$10.10B	USD	Point-in-time
Silver bullion inventory (fair value of $10,096,173 and $8,702,922, respectively)	`OtherInventory`	$7.46B	USD	Point-in-time
Redeemable capital shares, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Redeemable capital shares, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory (fair value of $10,096,173 and $8,702,922, respectively)	`OtherInventory`	$7.19B	USD	Point-in-time
Payable for capital Shares redeemed	`PayableForCapitalSharesRedeemed`	$48.55M	USD	Point-in-time
Redeemable capital shares, issued	`TemporaryEquitySharesIssued`	317.50M	shares	Point-in-time
Redeemable capital shares, issued	`TemporaryEquitySharesIssued`	320.45M	shares	Point-in-time
Redeemable capital shares, outstanding	`TemporaryEquitySharesOutstanding`	359.20M	shares	Point-in-time
Redeemable capital shares, outstanding	`TemporaryEquitySharesOutstanding`	317.50M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$7.19B	USD	Point-in-time
Redeemable capital shares, outstanding	`TemporaryEquitySharesOutstanding`	320.45M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$7.41B	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.40M	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.04M	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) - 320,450,000 issued and outstanding at March 31, 2012 and 317,500,000 issued and outstanding at December 31, 2011	`TemporaryEquityRedemptionValue`	$8.70B	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) - 320,450,000 issued and outstanding at March 31, 2012 and 317,500,000 issued and outstanding at December 31, 2011	`TemporaryEquityRedemptionValue`	$10.75B	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) - 320,450,000 issued and outstanding at March 31, 2012 and 317,500,000 issued and outstanding at December 31, 2011	`TemporaryEquityRedemptionValue`	$10.09B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-2.68B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-5.11B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$7.41B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$7.19B	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$12.42M	USD	1 Quarter
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$12.16M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$8.87M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$6.65M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$3.29M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$24.80M	USD	Annual
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$5.77M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$105.95M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$473.13M	USD	1 Quarter
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$478.90M	USD	1 Quarter
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$109.25M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$13.41M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$12.52M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$12.52M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$13.41M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.07B	USD	Annual
NET INCOME	`NetIncomeLoss`	$96.72M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$465.49M	USD	1 Quarter
Net income per Share	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Net income per Share	`EarningsPerShareBasic`	$1.32	USD	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	352.08M	shares	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	319.07M	shares	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$12.42M	USD	1 Quarter
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$12.16M	USD	1 Quarter
Expenses - Sponsor's fees paid	`PaymentsForFees`	$12.16M	USD	1 Quarter
Expenses - Sponsor's fees paid	`PaymentsForFees`	$12.42M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
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`	$3.07B	USD	Annual
Net income	`NetIncomeLoss`	$96.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$465.49M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$105.95M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$473.13M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$8.87M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$6.65M	USD	1 Quarter
Increase in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$358.00K	USD	1 Quarter
Increase in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$990.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Carrying value of silver received for creation of Shares	`FairValueOfAssetsAcquired`	$1.40B	USD	1 Quarter
Carrying value of silver received for creation of Shares	`FairValueOfAssetsAcquired`	$516.56M	USD	1 Quarter
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$584.04M	USD	1 Quarter
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$287.36M	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-2.68B	USD	Point-in-time
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-5.11B	USD	Point-in-time
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.07B	USD	Annual
Net income	`NetIncomeLoss`	$96.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$465.49M	USD	1 Quarter
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$1.27B	USD	1 Quarter
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-523.63M	USD	Annual
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-2.68B	USD	Point-in-time
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-5.11B	USD	Point-in-time
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time

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