10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-343605`
Period End Date	20120630
Filing Date	20120808
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	slv-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 29 Income Statement 41 Cash Flow Statement 37 Stockholders Equity 14

Balance Sheet 29 line items

Line Item	Tag	Value	Unit	Period
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$10.10B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$8.55B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$8.70B	USD	Point-in-time
Silver bullion inventory (fair value of $8,550,971 and $8,702,922, respectively)	`OtherInventory`	$7.19B	USD	Point-in-time
Redeemable capital Shares, no par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Redeemable capital Shares, no par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory (fair value of $8,550,971 and $8,702,922, respectively)	`OtherInventory`	$7.66B	USD	Point-in-time
Redeemable capital Shares, issued	`TemporaryEquitySharesIssued`	325.45M	shares	Point-in-time
Payable for capital Shares redeemed	`PayableForCapitalSharesRedeemed`	$42.13M	USD	Point-in-time
Redeemable capital Shares, issued	`TemporaryEquitySharesIssued`	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`	$7.62B	USD	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	317.50M	shares	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	325.45M	shares	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.04M	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$3.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.59M	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) - 325,450,000 issued and outstanding at June 30, 2012 and 317,500,000 issued and outstanding at December 31, 2011	`TemporaryEquityRedemptionValue`	$10.09B	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) - 325,450,000 issued and outstanding at June 30, 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) - 325,450,000 issued and outstanding at June 30, 2012 and 317,500,000 issued and outstanding at December 31, 2011	`TemporaryEquityRedemptionValue`	$8.55B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-5.11B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-930.17M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$7.19B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$7.62B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$24.33M	USD	2 Qtrs
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$12.16M	USD	1 Quarter
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$16.86M	USD	1 Quarter
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$29.29M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$14.91M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$18.51M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$9.64M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$8.26M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$5.82M	USD	2 Qtrs
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$8.60M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$2.53M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$14.37M	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`	$100.79M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$206.74M	USD	2 Qtrs
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$2.45B	USD	2 Qtrs
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$103.31M	USD	1 Quarter
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$212.56M	USD	2 Qtrs
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$1.97B	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$29.58M	USD	2 Qtrs
Sponsor's fees	`SponsorsFees`	$23.87M	USD	2 Qtrs
Sponsor's fees	`SponsorsFees`	$16.17M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$11.35M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$11.35M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$29.58M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$23.87M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$16.17M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.07B	USD	Annual
NET INCOME	`NetIncomeLoss`	$2.42B	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$188.69M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$1.95B	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$91.96M	USD	1 Quarter
Net income per Share	`EarningsPerShareBasic`	$0.59	USD	2 Qtrs
Net income per Share	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Net income per Share	`EarningsPerShareBasic`	$6.97	USD	2 Qtrs
Net income per Share	`EarningsPerShareBasic`	$5.71	USD	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	342.25M	shares	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	319.39M	shares	2 Qtrs
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	347.14M	shares	2 Qtrs
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	319.71M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$24.33M	USD	2 Qtrs
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$29.29M	USD	2 Qtrs
Expenses - Sponsor's fees paid	`PaymentsForFees`	$-24.33M	USD	2 Qtrs
Expenses - Sponsor's fees paid	`PaymentsForFees`	$-29.29M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	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`	$3.07B	USD	Annual
Net income	`NetIncomeLoss`	$2.42B	USD	2 Qtrs
Net income	`NetIncomeLoss`	$188.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.95B	USD	1 Quarter
Net income	`NetIncomeLoss`	$91.96M	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`	$100.79M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$206.74M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$14.91M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$18.51M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$9.64M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$8.26M	USD	1 Quarter
Increase (decrease) in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$295.00K	USD	2 Qtrs
Increase (decrease) in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-456.00K	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	`FairValueOfAssetsAcquired`	$3.17B	USD	2 Qtrs
Carrying value of silver received for creation of Shares	`FairValueOfAssetsAcquired`	$1.13B	USD	2 Qtrs
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$683.43M	USD	2 Qtrs
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$2.47B	USD	2 Qtrs

Stockholders Equity 14 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`	$-1.51B	USD	Point-in-time
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-930.17M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.07B	USD	Annual
Net income	`NetIncomeLoss`	$2.42B	USD	2 Qtrs
Net income	`NetIncomeLoss`	$188.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.95B	USD	1 Quarter
Net income	`NetIncomeLoss`	$91.96M	USD	1 Quarter
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-392.60M	USD	2 Qtrs
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-1.66B	USD	1 Quarter
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-523.63M	USD	Annual
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
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-930.17M	USD	Point-in-time

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