10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-459570`
Period End Date	20120930
Filing Date	20121108
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	slv-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 42 Cash Flow Statement 38 Stockholders Equity 13

Balance Sheet 30 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`	$8.55B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$11.07B	USD	Point-in-time
Redeemable capital Shares, no par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory (fair value of $11,072,456 and $8,702,922, respectively)	`OtherInventory`	$7.97B	USD	Point-in-time
Silver bullion inventory (fair value of $11,072,456 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, issued	`TemporaryEquitySharesIssued`	317.50M	shares	Point-in-time
Payable for capital Shares redeemed	`PayableForCapitalSharesRedeemed`	$95.60M	USD	Point-in-time
Redeemable capital Shares, issued	`TemporaryEquitySharesIssued`	329.75M	shares	Point-in-time
Receivable for capital Shares sold	`ReceivableForCapitalSharesSold`	$15.11M	USD	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	325.45M	shares	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	329.75M	shares	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	317.50M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$7.19B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.89B	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.32M	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.32M	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) - 329,750,000 issued and outstanding at September 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) - 329,750,000 issued and outstanding at September 30, 2012 and 317,500,000 issued and outstanding at December 31, 2011	`TemporaryEquityRedemptionValue`	$11.07B	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) - 329,750,000 issued and outstanding at September 30, 2012 and 317,500,000 issued and outstanding at December 31, 2011	`TemporaryEquityRedemptionValue`	$8.55B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-3.18B	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`	$7.89B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$7.19B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$44.27M	USD	3 Qtrs
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$35.32M	USD	3 Qtrs
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$14.98M	USD	1 Quarter
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$10.99M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$23.36M	USD	3 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$8.45M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$9.18M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$27.69M	USD	3 Qtrs
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.81M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$7.63M	USD	3 Qtrs
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$6.54M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$20.91M	USD	3 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$318.87M	USD	3 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$2.92B	USD	3 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$112.13M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$12.86M	USD	Point-in-time
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$486.61M	USD	1 Quarter
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$493.15M	USD	1 Quarter
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$326.50M	USD	3 Qtrs
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$2.94B	USD	3 Qtrs
Total gain on sales and distributions of silver	`TotalGainLossOnSalesAndDistributionsOfSilver`	$113.94M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$45.01M	USD	3 Qtrs
Sponsor's fees	`SponsorsFees`	$15.43M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$11.72M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$35.60M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$45.01M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$35.60M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$15.43M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$11.72M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$290.91M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$3.07B	USD	Annual
NET INCOME	`NetIncomeLoss`	$477.72M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$2.90B	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$102.22M	USD	1 Quarter
Net income per Share	`EarningsPerShareBasic`	$1.48	USD	1 Quarter
Net income per Share	`EarningsPerShareBasic`	$8.55	USD	3 Qtrs
Net income per Share	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Net income per Share	`EarningsPerShareBasic`	$0.91	USD	3 Qtrs
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	339.16M	shares	3 Qtrs
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	320.82M	shares	3 Qtrs
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	323.75M	shares	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	323.46M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$44.27M	USD	3 Qtrs
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$35.32M	USD	3 Qtrs
Expenses - Sponsor's fees paid	`PaymentsForFees`	$35.32M	USD	3 Qtrs
Expenses - Sponsor's fees paid	`PaymentsForFees`	$44.27M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	3 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	3 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`	$290.91M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.07B	USD	Annual
Net income	`NetIncomeLoss`	$477.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.90B	USD	3 Qtrs
Net income	`NetIncomeLoss`	$102.22M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$318.87M	USD	3 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$2.92B	USD	3 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$112.13M	USD	1 Quarter
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$12.86M	USD	Point-in-time
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$486.61M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$23.36M	USD	3 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$8.45M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$9.18M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$27.69M	USD	3 Qtrs
Increase in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$739.00K	USD	3 Qtrs
Increase in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$276.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Carrying value of silver received for creation of Shares	`FairValueOfAssetsAcquired`	$1.91B	USD	3 Qtrs
Carrying value of silver received for creation of Shares	`FairValueOfAssetsAcquired`	$4.87B	USD	3 Qtrs
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$-1.18B	USD	3 Qtrs
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$-3.10B	USD	3 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-3.18B	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`	$290.91M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.07B	USD	Annual
Net income	`NetIncomeLoss`	$477.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.90B	USD	3 Qtrs
Net income	`NetIncomeLoss`	$102.22M	USD	1 Quarter
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$523.63M	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-1.96B	USD	3 Qtrs
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-3.18B	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.