10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-211221`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	slv-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 22 Cash Flow Statement 31 Stockholders Equity 11

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$9.86B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$9.71B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$8.70B	USD	Point-in-time
Redeemable capital Shares, no par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory (fair value of $9,855,840 and $9,710,962, respectively)	`OtherInventory`	$8.10B	USD	Point-in-time
Silver bullion inventory (fair value of $9,855,840 and $9,710,962, respectively)	`OtherInventory`	$8.83B	USD	Point-in-time
Redeemable capital Shares, no par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Redeemable capital Shares, issued	`TemporaryEquitySharesIssued`	335.00M	shares	Point-in-time
Receivable for capital Shares sold	`ReceivableForCapitalSharesSold`	$37.67M	USD	Point-in-time
Redeemable capital Shares, issued	`TemporaryEquitySharesIssued`	356.00M	shares	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	335.00M	shares	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	356.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$8.83B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.14B	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.19M	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.19M	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) - 356,000,000 issued and outstanding at March 31, 2013 and 335,000,000 issued and outstanding at December 31, 2012	`TemporaryEquityRedemptionValue`	$9.71B	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) - 356,000,000 issued and outstanding at March 31, 2013 and 335,000,000 issued and outstanding at December 31, 2012	`TemporaryEquityRedemptionValue`	$9.85B	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) - 356,000,000 issued and outstanding at March 31, 2013 and 335,000,000 issued and outstanding at December 31, 2012	`TemporaryEquityRedemptionValue`	$8.70B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-1.03B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-1.58B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$8.14B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$8.83B	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$12.63M	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`	$10.65M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.97M	USD	1 Quarter
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$11.02M	USD	Annual
Gain on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$3.29M	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`	$93.29M	USD	1 Quarter
Total gain on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$95.26M	USD	1 Quarter
Total gain on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$109.25M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$12.52M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$12.51M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$12.52M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$12.51M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$96.72M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$82.75M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$390.14M	USD	Annual
Net income per Share	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Net income per Share	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	319.07M	shares	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	349.82M	shares	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$12.63M	USD	1 Quarter
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$12.16M	USD	1 Quarter
Expenses - Sponsor's fees paid	`PaymentsForFees`	$12.63M	USD	1 Quarter
Expenses - Sponsor's fees paid	`PaymentsForFees`	$12.16M	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`	$96.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$390.14M	USD	Annual
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`	$93.29M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$8.87M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$10.65M	USD	1 Quarter
Increase (decrease) in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$358.00K	USD	1 Quarter
Increase (decrease) in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-117.00K	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`	$516.56M	USD	1 Quarter
Carrying value of silver received for creation of Shares	`FairValueOfAssetsAcquired`	$1.14B	USD	1 Quarter
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$287.36M	USD	1 Quarter
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$431.37M	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-1.03B	USD	Point-in-time
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-1.58B	USD	Point-in-time
Net income	`NetIncomeLoss`	$96.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$82.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$390.14M	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-454.64M	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$466.01M	USD	1 Quarter
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-1.03B	USD	Point-in-time
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-1.58B	USD	Point-in-time

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