10-Q Filing

ISHARES SILVER TRUST CIK: 1330568 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-009423`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	slv-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 29 Income Statement 26 Cash Flow Statement 31 Stockholders Equity 32

Balance Sheet 29 line items

Line Item	Tag	Value	Unit	Period
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$6.39B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$6.24B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$6.42B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$6.21B	USD	Point-in-time
Investment in silver bullion(b)	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$5.26B	USD	Point-in-time
Investment in silver bullion(b)	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$5.34B	USD	Point-in-time
Investment in silver bullion(b)	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$6.24B	USD	Point-in-time
Shares, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Shares, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Investment in silver bullion(b)	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$6.56B	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$5.26B	USD	Point-in-time
Shares issued	`TemporaryEquitySharesIssued`	336.50M	shares	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$5.34B	USD	Point-in-time
Shares issued	`TemporaryEquitySharesIssued`	344.00M	shares	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$2.25M	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$2.34M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$2.25M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$2.34M	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
Net Assets	`FairValueNetAssetLiability`	$5.34B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$6.24B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$5.26B	USD	Point-in-time
Shares issued and outstanding(c) (in Shares)	`TemporaryEquitySharesOutstanding`	336.50M	shares	Point-in-time
Shares issued and outstanding(c) (in Shares)	`TemporaryEquitySharesOutstanding`	344.00M	shares	Point-in-time
Net asset value per Share (Note 2D) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$15.29	USD	Point-in-time
Net asset value per Share (Note 2D) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$15.88	USD	Point-in-time
Net asset value per Share (Note 2D) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$19.20	USD	Point-in-time
Net asset value per Share (Note 2D) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$18.77	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Sponsors fees	`SponsorsFees`	$6.66M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$8.17M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$8.17M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$6.66M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-31.58M	USD	Annual
Net investment loss	`OperatingIncomeLoss`	$-8.17M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-6.66M	USD	1 Quarter
Investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.17M	USD	1 Quarter
Investment in silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$255.00K	USD	1 Quarter
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverBullionDistributedForTheRedemptionOfShares`	$9.75M	USD	1 Quarter
Silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverBullionDistributedForTheRedemptionOfShares`	$-42.04M	USD	1 Quarter
Net realized gain (loss)	`RealizedInvestmentGainsLosses`	$10.01M	USD	1 Quarter
Net realized gain (loss)	`RealizedInvestmentGainsLosses`	$-78.45M	USD	Annual
Net realized gain (loss)	`RealizedInvestmentGainsLosses`	$-43.21M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$256.23M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-1.12B	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$136.06M	USD	1 Quarter
Net realized and unrealized gain	`GainLossOnInvestments`	$146.07M	USD	1 Quarter
Net realized and unrealized gain	`GainLossOnInvestments`	$213.02M	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$137.90M	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$-1.23B	USD	Annual
Net increase in net assets resulting from operations	`NetIncomeLoss`	$206.37M	USD	1 Quarter
Net increase in net assets per Share (in Dollars per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Net increase in net assets per Share (in Dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	337.06M	shares	1 Quarter
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	338.82M	shares	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of investment in silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$6.75M	USD	1 Quarter
Proceeds from sales of investment in silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$8.00M	USD	1 Quarter
Expenses Sponsors fees paid	`PaymentsForFees`	$6.75M	USD	1 Quarter
Expenses Sponsors fees paid	`PaymentsForFees`	$8.00M	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 increase in net assets resulting from operations	`NetIncomeLoss`	$137.90M	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$-1.23B	USD	Annual
Net increase in net assets resulting from operations	`NetIncomeLoss`	$206.37M	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$10.01M	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$-78.45M	USD	Annual
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$-43.21M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$256.23M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-1.12B	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$136.06M	USD	1 Quarter
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$169.00K	USD	1 Quarter
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-91.00K	USD	1 Quarter
Silver bullion contributed for Shares issued	`FairValueOfAssetsAcquired`	$382.35M	USD	1 Quarter
Silver bullion contributed for Shares issued	`FairValueOfAssetsAcquired`	$180.52M	USD	1 Quarter
Silver bullion distributed for Shares redeemed	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$206.89M	USD	1 Quarter
Silver bullion distributed for Shares redeemed	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$305.14M	USD	1 Quarter

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Net Assets, Beginning of Period	`FairValueNetAssetLiability`	$5.34B	USD	Point-in-time
Net Assets, Beginning of Period	`FairValueNetAssetLiability`	$6.24B	USD	Point-in-time
Net Assets, Beginning of Period	`FairValueNetAssetLiability`	$5.26B	USD	Point-in-time
Net investment loss	`OperatingIncomeLoss`	$-31.58M	USD	Annual
Net investment loss	`OperatingIncomeLoss`	$-8.17M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-6.66M	USD	1 Quarter
Net realized loss	`RealizedInvestmentGainsLosses`	$10.01M	USD	1 Quarter
Net realized loss	`RealizedInvestmentGainsLosses`	$-78.45M	USD	Annual
Net realized loss	`RealizedInvestmentGainsLosses`	$-43.21M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$256.23M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-1.12B	USD	Annual
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$136.06M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$137.90M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-1.23B	USD	Annual
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$206.37M	USD	1 Quarter
Contributions for Shares issued	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$180.52M	USD	1 Quarter
Contributions for Shares issued	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$1.36B	USD	Annual
Distributions for Shares redeemed	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$1.11B	USD	Annual
Distributions for Shares redeemed	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$305.14M	USD	1 Quarter
Net increase (decrease) in net assets from capital share transactions	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-124.62M	USD	1 Quarter
Net increase (decrease) in net assets from capital share transactions	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$253.69M	USD	Annual
Increase (decrease) in net assets	`IncreaseDecreaseInNetAssets`	$81.75M	USD	1 Quarter
Increase (decrease) in net assets	`IncreaseDecreaseInNetAssets`	$-979.95M	USD	Annual
Net Assets, End of Period	`FairValueNetAssetLiability`	$5.34B	USD	Point-in-time
Net Assets, End of Period	`FairValueNetAssetLiability`	$6.24B	USD	Point-in-time
Net Assets, End of Period	`FairValueNetAssetLiability`	$5.26B	USD	Point-in-time
Shares issued (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	11.25M	shares	1 Quarter
Shares issued (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	74.95M	shares	Annual
Shares redeemed (in Shares)	`SharesOfStockClassifedAsTemporaryEquitySurrenderedDuringReportingPeriod`	18.75M	shares	1 Quarter
Shares redeemed (in Shares)	`SharesOfStockClassifedAsTemporaryEquitySurrenderedDuringReportingPeriod`	63.45M	shares	Annual
Net increase (decrease) in Shares issued and outstanding (in Shares)	`StockIssuedDuringPeriodSharesPeriodIncreaseDecrease`	11.50M	shares	Annual
Net increase (decrease) in Shares issued and outstanding (in Shares)	`StockIssuedDuringPeriodSharesPeriodIncreaseDecrease`	-7.50M	shares	1 Quarter

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