10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-019982`
Period End Date	20140930
Filing Date	20141107
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	slv-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 52 Cash Flow Statement 44 Stockholders Equity 24

Balance Sheet 35 line items

Line Item	Tag	Value	Unit	Period
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$6.82B	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`	$7.41B	USD	Point-in-time
Investment in silver bullion	`InvestmentOwnedAtFairValue`	$5.99B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$6.01B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$6.24B	USD	Point-in-time
Silver bullion inventory, fair value	`SilverBullionInventoryFairValue`	$9.71B	USD	Point-in-time
Investment in silver bullion	`InvestmentOwnedAtFairValue`	$6.24B	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
Shares issued	`TemporaryEquitySharesIssued`	332.50M	shares	Point-in-time
Shares issued	`TemporaryEquitySharesIssued`	364.95M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$6.24B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.99B	USD	Point-in-time
Sponsors fees payable	`AccruedLiabilitiesCurrent`	$2.72M	USD	Point-in-time
Sponsors fees payable	`AccruedLiabilitiesCurrent`	$2.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.58M	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`	$-1.58B	USD	Point-in-time
Shareholders equity (deficit)	`StockholdersEquity`	$5.99B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$5.99B	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`	364.95M	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`	$18.77	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`	$16.41	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver bullion inventory to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$8.64M	USD	1 Quarter
Proceeds from sales of silver bullion inventory to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$32.24M	USD	3 Qtrs
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$10.40M	USD	1 Quarter
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$32.39M	USD	3 Qtrs
Loss on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$256.00K	USD	1 Quarter
Loss on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$364.00K	USD	3 Qtrs
Loss on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-144.00K	USD	3 Qtrs
Loss on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.75M	USD	1 Quarter
Loss on silver bullion distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-15.21M	USD	1 Quarter
Loss on silver bullion distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-13.59M	USD	3 Qtrs
Total loss on sales and distributions of silver bullion	`GainLossOnSalesAndDistributionsOfSilver`	$-13.73M	USD	3 Qtrs
Total loss on sales and distributions of silver bullion	`GainLossOnSalesAndDistributionsOfSilver`	$-16.96M	USD	1 Quarter
Adjustment to silver bullion inventory(a)(b)	`InventoryWriteDown`	-	USD	3 Qtrs
Adjustment to silver bullion inventory(a)(b)	`InventoryWriteDown`	$-950.69M	USD	1 Quarter
Adjustment to silver bullion inventory(a)(b)	`InventoryWriteDown`	$1.17B	USD	3 Qtrs
Adjustment to silver bullion inventory(a)(b)	`InventoryWriteDown`	-	USD	1 Quarter
Total gain (loss) on silver bullion	`Revenues`	$-1.18B	USD	3 Qtrs
Total gain (loss) on silver bullion	`Revenues`	$933.72M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$8.99M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$8.20M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$24.44M	USD	3 Qtrs
Sponsors fees	`SponsorsFees`	$31.09M	USD	3 Qtrs
Total expenses(b)	`OperatingExpenses`	$8.99M	USD	1 Quarter
Total expenses(b)	`OperatingExpenses`	$24.44M	USD	3 Qtrs
Total expenses(b)	`OperatingExpenses`	$8.20M	USD	1 Quarter
Total expenses(b)	`OperatingExpenses`	$31.09M	USD	3 Qtrs
Net investment loss(c)	`OperatingIncomeLoss`	$-24.44M	USD	3 Qtrs
Net investment loss(c)	`OperatingIncomeLoss`	$-8.20M	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$256.00K	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$364.00K	USD	3 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-144.00K	USD	3 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.75M	USD	1 Quarter
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$16.95M	USD	3 Qtrs
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-13.59M	USD	3 Qtrs
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$1.65M	USD	1 Quarter
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-1.26B	USD	1 Quarter
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-833.67M	USD	3 Qtrs
Net realized and unrealized loss	`GainLossOnInvestments`	$-1.26B	USD	1 Quarter
Net realized and unrealized loss	`GainLossOnInvestments`	$-816.35M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-840.79M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.27B	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$924.73M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.95B	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.22B	USD	3 Qtrs
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`	$-2.46	USD	3 Qtrs
Net income (loss) per Share (in Dollars per share)	`EarningsPerShareBasic`	$-3.69	USD	1 Quarter
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	345.90M	shares	3 Qtrs
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	341.48M	shares	3 Qtrs
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	343.78M	shares	1 Quarter
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	347.51M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver bullion inventory to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$32.24M	USD	3 Qtrs
Proceeds from sales of silver bullion inventory to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$24.58M	USD	3 Qtrs
Expenses Sponsors fees paid	`PaymentsForFees`	$32.24M	USD	3 Qtrs
Expenses Sponsors fees paid	`PaymentsForFees`	$24.58M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Silver bullion contributed for subscription of Shares(b)	`FairValueOfAssetsAcquired`	$1.18B	USD	3 Qtrs
Silver bullion contributed for subscription of Shares(b)	`FairValueOfAssetsAcquired`	$1.99B	USD	3 Qtrs
Silver bullion distributed for redemption of Shares(b)	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.51B	USD	3 Qtrs
Silver bullion distributed for redemption of Shares(b)	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$597.07M	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 loss	`NetIncomeLoss`	$-840.79M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.27B	USD	1 Quarter
Net loss	`NetIncomeLoss`	$924.73M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.95B	USD	Annual
Net loss	`NetIncomeLoss`	$-1.22B	USD	3 Qtrs
Proceeds from sales of investment in silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$32.24M	USD	3 Qtrs
Proceeds from sales of investment in silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$24.58M	USD	3 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$256.00K	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$364.00K	USD	3 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-144.00K	USD	3 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.75M	USD	1 Quarter
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$10.40M	USD	1 Quarter
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$32.39M	USD	3 Qtrs
Net realized (gain) loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$16.95M	USD	3 Qtrs
Net realized (gain) loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-13.59M	USD	3 Qtrs
Net realized (gain) loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$1.65M	USD	1 Quarter
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-1.26B	USD	1 Quarter
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-833.67M	USD	3 Qtrs
Adjustment to silver bullion inventory(a)	`InventoryWriteDown`	-	USD	3 Qtrs
Adjustment to silver bullion inventory(a)	`InventoryWriteDown`	$-950.69M	USD	1 Quarter
Adjustment to silver bullion inventory(a)	`InventoryWriteDown`	$1.17B	USD	3 Qtrs
Adjustment to silver bullion inventory(a)	`InventoryWriteDown`	-	USD	1 Quarter
Sponsors fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-139.00K	USD	3 Qtrs
Sponsors fees payable	`IncreaseDecreaseInAccruedLiabilities`	$-1.16M	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Shareholders equity (deficit) beginning of period(a)	`StockholdersEquity`	$-1.58B	USD	Point-in-time
Shareholders equity (deficit) beginning of period(a)	`StockholdersEquity`	$5.99B	USD	Point-in-time
Subscriptions	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$1.18B	USD	3 Qtrs
Subscriptions	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$2.10B	USD	Annual
Redemptions	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$597.07M	USD	3 Qtrs
Redemptions	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$2.03B	USD	Annual
Net investment loss	`OperatingIncomeLoss`	$-24.44M	USD	3 Qtrs
Net investment loss	`OperatingIncomeLoss`	$-8.20M	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$256.00K	USD	1 Quarter
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$364.00K	USD	3 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-144.00K	USD	3 Qtrs
Net realized gain from investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.75M	USD	1 Quarter
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$16.95M	USD	3 Qtrs
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-13.59M	USD	3 Qtrs
Net realized gain from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$1.65M	USD	1 Quarter
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-1.26B	USD	1 Quarter
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-833.67M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-840.79M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.27B	USD	1 Quarter
Net loss	`NetIncomeLoss`	$924.73M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.95B	USD	Annual
Net loss	`NetIncomeLoss`	$-1.22B	USD	3 Qtrs
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$3.53B	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$587.44M	USD	3 Qtrs

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