10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-326951`
Period End Date	20130630
Filing Date	20130808
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	slv-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 43 Cash Flow Statement 38 Stockholders Equity 11

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$6.01B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$9.86B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$9.71B	USD	Point-in-time
Redeemable capital Shares, no par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory (fair value of $6,006,558 and $9,710,962, respectively)	`OtherInventory`	$8.13B	USD	Point-in-time
Redeemable capital Shares, no par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory (fair value of $6,006,558 and $9,710,962, respectively)	`OtherInventory`	$8.10B	USD	Point-in-time
Market value reserve (Note 2B)	`InventoryValuationReserves`	$2.12B	USD	Point-in-time
Redeemable capital Shares, issued	`TemporaryEquitySharesIssued`	335.00M	shares	Point-in-time
Redeemable capital Shares, issued	`TemporaryEquitySharesIssued`	329.90M	shares	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	329.90M	shares	Point-in-time
Redeemable capital Shares, outstanding	`TemporaryEquitySharesOutstanding`	335.00M	shares	Point-in-time
Receivable for capital Shares sold	`ReceivableForCapitalSharesSold`	$37.67M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.01B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.14B	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$2.80M	USD	Point-in-time
Sponsor's fees payable	`AccruedLiabilitiesCurrent`	$4.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.31M	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) - 329,900,000 issued and outstanding at June 30, 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) - 329,900,000 issued and outstanding at June 30, 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) - 329,900,000 issued and outstanding at June 30, 2013 and 335,000,000 issued and outstanding at December 31, 2012	`TemporaryEquityRedemptionValue`	$6.00B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-1.58B	USD	Point-in-time
Shareholders' equity (deficit)	`ShareholdersEquityDeficit`	$-1.51B	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`	$6.01B	USD	Point-in-time

Income Statement 43 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`	$23.60M	USD	2 Qtrs
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$10.98M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$18.51M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$21.99M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$9.64M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$11.34M	USD	1 Quarter
Gain (loss) on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-363.00K	USD	1 Quarter
Gain (loss) on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.61M	USD	2 Qtrs
Gain (loss) on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$5.82M	USD	2 Qtrs
Gain (loss) on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$2.53M	USD	1 Quarter
Gain (loss) on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$1.62M	USD	2 Qtrs
Gain (loss) on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$100.79M	USD	1 Quarter
Gain (loss) on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-91.67M	USD	1 Quarter
Gain (loss) on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$206.74M	USD	2 Qtrs
Total gain (loss) on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$3.23M	USD	2 Qtrs
Total gain (loss) on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$212.56M	USD	2 Qtrs
Total gain (loss) on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$103.31M	USD	1 Quarter
Total gain (loss) on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$-92.03M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$23.87M	USD	2 Qtrs
Sponsor's fees	`SponsorsFees`	$11.35M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$9.59M	USD	1 Quarter
Sponsor's fees	`SponsorsFees`	$22.09M	USD	2 Qtrs
Market value reserve (Note 2B)	`InventoryWriteDown`	$2.12B	USD	1 Quarter
Market value reserve (Note 2B)	`InventoryWriteDown`	$2.12B	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$2.13B	USD	1 Quarter
Total expenses	`OperatingExpenses`	$23.87M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$2.14B	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$11.35M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$390.14M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$188.69M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-2.22B	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$91.96M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-2.14B	USD	2 Qtrs
Net income (loss) per Share	`EarningsPerShareBasic`	$-6.53	USD	1 Quarter
Net income (loss) per Share	`EarningsPerShareBasic`	$-6.20	USD	2 Qtrs
Net income (loss) per Share	`EarningsPerShareBasic`	$0.59	USD	2 Qtrs
Net income (loss) per Share	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	345.08M	shares	2 Qtrs
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	319.71M	shares	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	340.40M	shares	1 Quarter
Weighted-average Shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	319.39M	shares	2 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$23.60M	USD	2 Qtrs
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$24.33M	USD	2 Qtrs
Expenses - Sponsor's fees paid	`PaymentsForFees`	$24.33M	USD	2 Qtrs
Expenses - Sponsor's fees paid	`PaymentsForFees`	$23.60M	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 (loss)	`NetIncomeLoss`	$390.14M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$188.69M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.22B	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$91.96M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.14B	USD	2 Qtrs
Gain on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$1.62M	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`	$-91.67M	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`	$18.51M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$21.99M	USD	2 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$9.64M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$11.34M	USD	1 Quarter
Decrease in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-1.51M	USD	2 Qtrs
Decrease in Sponsor's fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-456.00K	USD	2 Qtrs
Market value reserve (Note 2B)	`MarketValueReserveRecovery`	$2.12B	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`	$1.13B	USD	2 Qtrs
Carrying value of silver received for creation of Shares	`FairValueOfAssetsAcquired`	$1.39B	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`	$1.38B	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-1.58B	USD	Point-in-time
Shareholders' equity (deficit) - beginning of period	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$390.14M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$188.69M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.22B	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$91.96M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.14B	USD	2 Qtrs
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$3.72B	USD	2 Qtrs
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-454.64M	USD	Annual
Shareholders' equity (deficit) - end of period	`ShareholdersEquityDeficit`	$-1.58B	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.