10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-014244`
Period End Date	20130930
Filing Date	20131108
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	slv-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 53 Cash Flow Statement 43 Stockholders Equity 13

Balance Sheet 32 line items

Line Item	Tag	Value	Unit	Period
Silver bullion inventory, fair value (in Dollars)	`SilverBullionInventoryFairValue`	$9.71B	USD	Point-in-time
Silver bullion inventory, fair value (in Dollars)	`SilverBullionInventoryFairValue`	$6.01B	USD	Point-in-time
Silver bullion inventory, fair value (in Dollars)	`SilverBullionInventoryFairValue`	$7.41B	USD	Point-in-time
Redeemable capital Shares, no par value (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory (fair value of $7,409,168 and $9,710,962, respectively)	`OtherInventory`	$8.58B	USD	Point-in-time
Redeemable capital Shares, no par value (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory (fair value of $7,409,168 and $9,710,962, respectively)	`OtherInventory`	$8.10B	USD	Point-in-time
Market value reserve (Note 2B)	`InventoryValuationReserves`	-	USD	Point-in-time
Redeemable capital Shares, issued (in Shares)	`TemporaryEquitySharesIssued`	354.45M	shares	Point-in-time
Market value reserve (Note 2B)	`InventoryValuationReserves`	$1.17B	USD	Point-in-time
Redeemable capital Shares, issued (in Shares)	`TemporaryEquitySharesIssued`	335.00M	shares	Point-in-time
Redeemable capital Shares, outstanding (in Shares)	`TemporaryEquitySharesOutstanding`	329.90M	shares	Point-in-time
Receivable for capital Shares sold	`ReceivableForCapitalSharesSold`	$37.67M	USD	Point-in-time
Redeemable capital Shares, outstanding (in Shares)	`TemporaryEquitySharesOutstanding`	335.00M	shares	Point-in-time
Redeemable capital Shares, outstanding (in Shares)	`TemporaryEquitySharesOutstanding`	354.45M	shares	Point-in-time
Receivable for capital Shares sold	`ReceivableForCapitalSharesSold`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.41B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.14B	USD	Point-in-time
Sponsors fees payable	`AccruedLiabilitiesCurrent`	$3.15M	USD	Point-in-time
Sponsors fees payable	`AccruedLiabilitiesCurrent`	$4.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.15M	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) 354,450,000 issued and outstanding at September 30, 2013 and 335,000,000 issued and outstanding at December 31, 2012	`TemporaryEquityRedemptionValue`	$7.41B	USD	Point-in-time
Redeemable capital Shares, no par value, unlimited amount authorized (at redemption value) 354,450,000 issued and outstanding at September 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) 354,450,000 issued and outstanding at September 30, 2013 and 335,000,000 issued and outstanding at December 31, 2012	`TemporaryEquityRedemptionValue`	$6.00B	USD	Point-in-time
Shareholders equity (deficit)	`ShareholdersEquityDeficit`	-	USD	Point-in-time
Shareholders equity (deficit)	`ShareholdersEquityDeficit`	$-1.51B	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`	$7.41B	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$35.32M	USD	3 Qtrs
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$32.24M	USD	3 Qtrs
Proceeds from sales of silver to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$8.64M	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`	$27.69M	USD	3 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$32.39M	USD	3 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$10.40M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$9.18M	USD	1 Quarter
Gain (loss) on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$7.63M	USD	3 Qtrs
Gain (loss) on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.75M	USD	1 Quarter
Gain (loss) on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-144.00K	USD	3 Qtrs
Gain (loss) on sales of silver to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.81M	USD	1 Quarter
Gain (loss) on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$318.87M	USD	3 Qtrs
Gain (loss) on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-15.21M	USD	1 Quarter
Gain (loss) on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$112.13M	USD	1 Quarter
Gain (loss) on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-13.59M	USD	3 Qtrs
Total gain (loss) on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$113.94M	USD	1 Quarter
Total gain (loss) on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$-13.73M	USD	3 Qtrs
Total gain (loss) on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$-16.96M	USD	1 Quarter
Total gain (loss) on sales and distributions of silver	`GainLossOnSalesAndDistributionsOfSilver`	$326.50M	USD	3 Qtrs
Market value recovery (Note 2B)	`MarketValueRecovery`	-	USD	3 Qtrs
Market value recovery (Note 2B)	`MarketValueRecovery`	-	USD	1 Quarter
Market value recovery (Note 2B)	`MarketValueRecovery`	$950.69M	USD	1 Quarter
Market value recovery (Note 2B)	`MarketValueRecovery`	$950.69M	USD	3 Qtrs
Total revenue	`Revenues`	$113.94M	USD	1 Quarter
Total revenue	`Revenues`	$936.95M	USD	3 Qtrs
Total revenue	`Revenues`	$326.50M	USD	3 Qtrs
Total revenue	`Revenues`	$933.72M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$31.09M	USD	3 Qtrs
Sponsors fees	`SponsorsFees`	$35.60M	USD	3 Qtrs
Sponsors fees	`SponsorsFees`	$11.72M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$8.99M	USD	1 Quarter
Market value reserve (Note 2B)	`InventoryWriteDown`	-	USD	1 Quarter
Market value reserve (Note 2B)	`InventoryWriteDown`	-	USD	1 Quarter
Market value reserve (Note 2B)	`InventoryWriteDown`	$2.12B	USD	3 Qtrs
Market value reserve (Note 2B)	`InventoryWriteDown`	-	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$35.60M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$11.72M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$8.99M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$2.15B	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$390.14M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$102.22M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$290.91M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.22B	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$924.73M	USD	1 Quarter
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$2.66	USD	1 Quarter
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$-3.51	USD	3 Qtrs
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$0.91	USD	3 Qtrs
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	320.82M	shares	3 Qtrs
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	345.90M	shares	3 Qtrs
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	323.75M	shares	1 Quarter
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	347.51M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$32.24M	USD	3 Qtrs
Proceeds from sales of silver	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$35.32M	USD	3 Qtrs
Expenses Sponsors fees paid	`PaymentsForFees`	$32.24M	USD	3 Qtrs
Expenses Sponsors fees paid	`PaymentsForFees`	$35.32M	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`	$1.99B	USD	3 Qtrs
Carrying value of silver received for creation of Shares	`FairValueOfAssetsAcquired`	$1.91B	USD	3 Qtrs
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.51B	USD	3 Qtrs
Carrying value of silver distributed for redemption of Shares, at average cost	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.18B	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 (loss)	`NetIncomeLoss`	$390.14M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$102.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$290.91M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.22B	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$924.73M	USD	1 Quarter
(Gain) loss on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$318.87M	USD	3 Qtrs
(Gain) loss on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-15.21M	USD	1 Quarter
(Gain) loss on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$112.13M	USD	1 Quarter
(Gain) loss on silver distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-13.59M	USD	3 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$27.69M	USD	3 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$32.39M	USD	3 Qtrs
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$10.40M	USD	1 Quarter
Cost of silver sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$9.18M	USD	1 Quarter
Market value recovery (Note 2B)	`MarketValueRecovery`	-	USD	3 Qtrs
Market value recovery (Note 2B)	`MarketValueRecovery`	-	USD	1 Quarter
Market value recovery (Note 2B)	`MarketValueRecovery`	$950.69M	USD	1 Quarter
Market value recovery (Note 2B)	`MarketValueRecovery`	$950.69M	USD	3 Qtrs
Market value reserve (Note 2B)	`InventoryWriteDown`	-	USD	1 Quarter
Market value reserve (Note 2B)	`InventoryWriteDown`	-	USD	1 Quarter
Market value reserve (Note 2B)	`InventoryWriteDown`	$2.12B	USD	3 Qtrs
Market value reserve (Note 2B)	`InventoryWriteDown`	-	USD	3 Qtrs
Sponsors fees payable	`IncreaseDecreaseInAccruedLiabilities`	$276.00K	USD	3 Qtrs
Sponsors fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-1.16M	USD	3 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Shareholders equity (deficit) beginning of period	`ShareholdersEquityDeficit`	-	USD	Point-in-time
Shareholders equity (deficit) beginning of period	`ShareholdersEquityDeficit`	$-1.51B	USD	Point-in-time
Shareholders equity (deficit) beginning of period	`ShareholdersEquityDeficit`	$-1.58B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$390.14M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$102.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$290.91M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.22B	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$924.73M	USD	1 Quarter
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-454.64M	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$2.79B	USD	3 Qtrs
Shareholders equity (deficit) end of period	`ShareholdersEquityDeficit`	-	USD	Point-in-time
Shareholders equity (deficit) end of period	`ShareholdersEquityDeficit`	$-1.51B	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.