10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-014785`
Period End Date	20140630
Filing Date	20140808
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	slv-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 53 Cash Flow Statement 43 Stockholders Equity 25

Balance Sheet 35 line items

Line Item	Tag	Value	Unit	Period
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$6.42B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$6.24B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$6.31B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$6.24B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$6.01B	USD	Point-in-time
Investment in silver bullion	`InvestmentOwnedAtFairValue`	$6.24B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$9.71B	USD	Point-in-time
Investment in silver bullion	`InvestmentOwnedAtFairValue`	$6.56B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$9.86B	USD	Point-in-time
Investment in silver bullion	`InvestmentOwnedAtFairValue`	$6.74B	USD	Point-in-time
Shares, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Silver bullion inventory	`OtherInventory`	$6.24B	USD	Point-in-time
Shares, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.74B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.24B	USD	Point-in-time
Shares issued	`TemporaryEquitySharesIssued`	336.15M	shares	Point-in-time
Shares issued	`TemporaryEquitySharesIssued`	332.50M	shares	Point-in-time
Sponsors fees payable	`AccruedLiabilitiesCurrent`	$2.72M	USD	Point-in-time
Sponsors fees payable	`AccruedLiabilitiesCurrent`	$2.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.72M	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable capital Shares (at redemption value)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$9.71B	USD	Point-in-time
Redeemable capital Shares (at redemption value)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$6.24B	USD	Point-in-time
Shareholders equity (deficit)	`StockholdersEquity`	$6.74B	USD	Point-in-time
Shareholders equity (deficit)	`StockholdersEquity`	$-1.58B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$6.74B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$6.24B	USD	Point-in-time
Shares issued and outstanding(d) (in Shares)	`TemporaryEquitySharesOutstanding`	336.15M	shares	Point-in-time
Shares issued and outstanding(d) (in Shares)	`TemporaryEquitySharesOutstanding`	335.00M	shares	Point-in-time
Shares issued and outstanding(d) (in Shares)	`TemporaryEquitySharesOutstanding`	332.50M	shares	Point-in-time
Net asset value per Share(e) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$19.20	USD	Point-in-time
Net asset value per Share(e) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$20.04	USD	Point-in-time
Net asset value per Share(e) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$18.77	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver bullion inventory to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$10.98M	USD	1 Quarter
Proceeds from sales of silver bullion inventory to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$23.60M	USD	2 Qtrs
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$11.34M	USD	1 Quarter
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$21.99M	USD	2 Qtrs
Gain (loss) on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.61M	USD	2 Qtrs
Gain (loss) on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-363.00K	USD	1 Quarter
Gain (loss) on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-147.00K	USD	1 Quarter
Gain (loss) on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$108.00K	USD	2 Qtrs
Gain (loss) on silver bullion distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-91.67M	USD	1 Quarter
Gain (loss) on silver bullion distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$1.62M	USD	2 Qtrs
Gain (loss) on silver bullion distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$15.30M	USD	2 Qtrs
Total gain (loss) on sales and distributions of silver bullion	`GainLossOnSalesAndDistributionsOfSilver`	$-92.03M	USD	1 Quarter
Total gain (loss) on sales and distributions of silver bullion	`GainLossOnSalesAndDistributionsOfSilver`	$3.23M	USD	2 Qtrs
Adjustment to silver bullion inventory(a)(b)	`InventoryWriteDown`	-	USD	2 Qtrs
Adjustment to silver bullion inventory(a)(b)	`InventoryWriteDown`	$2.12B	USD	2 Qtrs
Adjustment to silver bullion inventory(a)(b)	`InventoryWriteDown`	$2.12B	USD	1 Quarter
Total loss on silver bullion	`Revenues`	$-2.12B	USD	2 Qtrs
Total loss on silver bullion	`Revenues`	$-2.21B	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$22.09M	USD	2 Qtrs
Sponsors fees	`SponsorsFees`	$9.59M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$16.24M	USD	2 Qtrs
Sponsors fees	`SponsorsFees`	$8.07M	USD	1 Quarter
Total expenses(b)	`OperatingExpenses`	$16.24M	USD	2 Qtrs
Total expenses(b)	`OperatingExpenses`	$9.59M	USD	1 Quarter
Total expenses(b)	`OperatingExpenses`	$22.09M	USD	2 Qtrs
Total expenses(b)	`OperatingExpenses`	$8.07M	USD	1 Quarter
Net investment loss(c)	`OperatingIncomeLoss`	$-16.24M	USD	2 Qtrs
Net investment loss(c)	`OperatingIncomeLoss`	$-8.07M	USD	1 Quarter
Net realized gain (loss) from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.61M	USD	2 Qtrs
Net realized gain (loss) from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-363.00K	USD	1 Quarter
Net realized gain (loss) from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-147.00K	USD	1 Quarter
Net realized gain (loss) from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$108.00K	USD	2 Qtrs
Net realized gain from silver bullion distributed for the redemptions of Shares	`NetRealizedGainFromSilverDistributedForTheRedemptionOfShares`	$-91.67M	USD	1 Quarter
Net realized gain from silver bullion distributed for the redemptions of Shares	`NetRealizedGainFromSilverDistributedForTheRedemptionOfShares`	$1.62M	USD	2 Qtrs
Net realized gain from silver bullion distributed for the redemptions of Shares	`NetRealizedGainFromSilverDistributedForTheRedemptionOfShares`	$5.55M	USD	1 Quarter
Net realized gain from silver bullion distributed for the redemptions of Shares	`NetRealizedGainFromSilverDistributedForTheRedemptionOfShares`	$15.30M	USD	2 Qtrs
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$427.66M	USD	2 Qtrs
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$291.60M	USD	1 Quarter
Net realized and unrealized gain	`GainLossOnInvestments`	$443.07M	USD	2 Qtrs
Net realized and unrealized gain	`GainLossOnInvestments`	$297.01M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-2.14B	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$426.83M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$288.94M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.95B	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-2.22B	USD	1 Quarter
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$1.25	USD	2 Qtrs
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$-6.53	USD	1 Quarter
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$0.84	USD	1 Quarter
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$-6.20	USD	2 Qtrs
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	340.25M	shares	2 Qtrs
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	345.08M	shares	2 Qtrs
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	340.40M	shares	1 Quarter
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	343.41M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver bullion inventory to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$23.60M	USD	2 Qtrs
Proceeds from sales of silver bullion inventory to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$16.29M	USD	2 Qtrs
Expenses Sponsors fees paid	`PaymentsForFees`	$23.60M	USD	2 Qtrs
Expenses Sponsors fees paid	`PaymentsForFees`	$16.29M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Silver bullion contributed for subscription of Shares(b)	`FairValueOfAssetsAcquired`	$602.56M	USD	2 Qtrs
Silver bullion contributed for subscription of Shares(b)	`FairValueOfAssetsAcquired`	$1.39B	USD	2 Qtrs
Silver bullion distributed for redemption of Shares(b)	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$534.46M	USD	2 Qtrs
Silver bullion distributed for redemption of Shares(b)	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.38B	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`	$-2.14B	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$426.83M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$288.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.95B	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.22B	USD	1 Quarter
Proceeds from sales of investment in silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$23.60M	USD	2 Qtrs
Proceeds from sales of investment in silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$16.29M	USD	2 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.61M	USD	2 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-363.00K	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-147.00K	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$108.00K	USD	2 Qtrs
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$11.34M	USD	1 Quarter
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$21.99M	USD	2 Qtrs
Net realized gain from silver bullion distributed for the redemptions of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-91.67M	USD	1 Quarter
Net realized gain from silver bullion distributed for the redemptions of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$1.62M	USD	2 Qtrs
Net realized gain from silver bullion distributed for the redemptions of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$15.30M	USD	2 Qtrs
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$427.66M	USD	2 Qtrs
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$291.60M	USD	1 Quarter
Adjustment to silver bullion inventory(a)	`InventoryWriteDown`	-	USD	2 Qtrs
Adjustment to silver bullion inventory(a)	`InventoryWriteDown`	$2.12B	USD	2 Qtrs
Adjustment to silver bullion inventory(a)	`InventoryWriteDown`	$2.12B	USD	1 Quarter
Sponsors fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-1.51M	USD	2 Qtrs
Sponsors fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-41.00K	USD	2 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Shareholders equity (deficit) beginning of period(a)	`StockholdersEquity`	$6.74B	USD	Point-in-time
Shareholders equity (deficit) beginning of period(a)	`StockholdersEquity`	$-1.58B	USD	Point-in-time
Subscriptions	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$2.10B	USD	Annual
Subscriptions	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$602.56M	USD	1 Quarter
Redemptions	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$2.03B	USD	Annual
Redemptions	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$534.46M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-16.24M	USD	2 Qtrs
Net investment loss	`OperatingIncomeLoss`	$-8.07M	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.61M	USD	2 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-363.00K	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-147.00K	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$108.00K	USD	2 Qtrs
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainFromSilverDistributedForTheRedemptionOfShares`	$-91.67M	USD	1 Quarter
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainFromSilverDistributedForTheRedemptionOfShares`	$1.62M	USD	2 Qtrs
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainFromSilverDistributedForTheRedemptionOfShares`	$5.55M	USD	1 Quarter
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainFromSilverDistributedForTheRedemptionOfShares`	$15.30M	USD	2 Qtrs
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$427.66M	USD	2 Qtrs
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$291.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.14B	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$426.83M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$288.94M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.95B	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.22B	USD	1 Quarter
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$3.53B	USD	1 Quarter
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$68.10M	USD	1 Quarter

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