10-K Filing

ISHARES SILVER TRUST CIK: 1330568 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001437749-16-026351`
Period End Date	20151231
Filing Date	20160229
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	slv-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 35 Cash Flow Statement 47 Stockholders Equity 27

Balance Sheet 32 line items

Line Item	Tag	Value	Unit	Period
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$8.14B	USD	Point-in-time
Investment in silver bullion, cost	`InvestmentOwnedAtCost`	$5.98B	USD	Point-in-time
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 at fair value (a)	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$4.39B	USD	Point-in-time
Shares, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Investment in silver bullion at fair value (a)	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$5.26B	USD	Point-in-time
Shares, par value	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Investment in silver bullion at fair value (a)	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$6.24B	USD	Point-in-time
Investment in silver bullion at fair value (a)	`InvestmentInPhysicalCommoditiesFairValueDisclosure`	$9.71B	USD	Point-in-time
TOTAL ASSETS	`AssetsFairValueDisclosure`	$5.26B	USD	Point-in-time
Shares issued	`TemporaryEquitySharesIssued`	333.55M	shares	Point-in-time
Shares issued	`TemporaryEquitySharesIssued`	344.00M	shares	Point-in-time
TOTAL ASSETS	`AssetsFairValueDisclosure`	$4.39B	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$2.34M	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$1.92M	USD	Point-in-time
Total liabilities	`LiabilitiesFairValueDisclosure`	$2.34M	USD	Point-in-time
Total liabilities	`LiabilitiesFairValueDisclosure`	$1.92M	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
Shareholders equity(b)	`StockholdersEquity`	$5.26B	USD	Point-in-time
Shareholders equity(b)	`StockholdersEquity`	$-1.58B	USD	Point-in-time
Shareholders equity(b)	`StockholdersEquity`	$4.39B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$5.26B	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$4.39B	USD	Point-in-time
Shares issued and outstanding (c) (in Shares)	`TemporaryEquitySharesOutstanding`	344.00M	shares	Point-in-time
Shares issued and outstanding (c) (in Shares)	`TemporaryEquitySharesOutstanding`	333.55M	shares	Point-in-time
Shares issued and outstanding (c) (in Shares)	`TemporaryEquitySharesOutstanding`	335.00M	shares	Point-in-time
Shares issued and outstanding (c) (in Shares)	`TemporaryEquitySharesOutstanding`	332.50M	shares	Point-in-time
Net asset value per Share (d) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$15.29	USD	Point-in-time
Net asset value per Share (d) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$18.77	USD	Point-in-time
Net asset value per Share (d) (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$13.17	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver bullion inventory to pay expenses	`SaleOfTrustAssetsToPayExpenses`	$41.41M	USD	Annual
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$43.30M	USD	Annual
Loss on sales of silver bullion inventory to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpensesRecognizedInOperatingIncomeLoss`	$-1.89M	USD	Annual
Loss on silver bullion distributed for the redemption of Shares	`GainLossOnSilverDistributedForRedemptionOfShares`	$-131.81M	USD	Annual
Total loss on sales and distributions of silver bullion	`GainLossOnSalesAndDistributionsOfSilver`	$-133.70M	USD	Annual
Adjustment to silver bullion inventory	`InventoryWriteDown`	$1.78B	USD	Annual
Total loss on silver bullion	`Revenues`	$-1.91B	USD	Annual
Sponsors fees	`SponsorsFees`	$31.58M	USD	Annual
Sponsors fees	`SponsorsFees`	$39.82M	USD	Annual
Sponsors fees	`SponsorsFees`	$25.30M	USD	Annual
Total expenses	`OperatingExpenses`	$25.30M	USD	Annual
Total expenses	`OperatingExpenses`	$31.58M	USD	Annual
Total expenses	`OperatingExpenses`	$39.82M	USD	Annual
Net investment loss(b)	`OperatingIncomeLoss`	$-25.30M	USD	Annual
Net investment loss(b)	`OperatingIncomeLoss`	$-31.58M	USD	Annual
Net realized loss from silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.06M	USD	Annual
Net realized loss from silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-5.70M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-131.81M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-206.45M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-77.39M	USD	Annual
Net realized loss	`RealizedInvestmentGainsLosses`	$-78.45M	USD	Annual
Net realized loss	`RealizedInvestmentGainsLosses`	$-212.16M	USD	Annual
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-461.78M	USD	Annual
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-1.12B	USD	Annual
Net realized and unrealized loss	`GainLossOnInvestments`	$-1.20B	USD	Annual
Net realized and unrealized loss	`GainLossOnInvestments`	$-673.94M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-1.95B	USD	Annual
NET LOSS	`NetIncomeLoss`	$-699.23M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-1.23B	USD	Annual
Net loss per Share (in Dollars per share)	`EarningsPerShareBasic`	$-5.65	USD	Annual
Net loss per Share (in Dollars per share)	`EarningsPerShareBasic`	$-2.07	USD	Annual
Net loss per Share (in Dollars per share)	`EarningsPerShareBasic`	$-3.57	USD	Annual
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	345.70M	shares	Annual
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	345.73M	shares	Annual
Weighted-average Shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	337.57M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Proceeds from sales of silver bullion to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$41.41M	USD	Annual
Proceeds from sales of silver bullion to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$31.96M	USD	Annual
Proceeds from sales of silver bullion to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$25.72M	USD	Annual
Expenses Sponsors fees paid	`PaymentsForFees`	$31.96M	USD	Annual
Expenses Sponsors fees paid	`PaymentsForFees`	$25.72M	USD	Annual
Expenses Sponsors fees paid	`PaymentsForFees`	$41.41M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
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`	$-1.95B	USD	Annual
Net loss	`NetIncomeLoss`	$-699.23M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.23B	USD	Annual
Proceeds from sales of silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$41.41M	USD	Annual
Proceeds from sales of silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$31.96M	USD	Annual
Proceeds from sales of silver bullion sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$25.72M	USD	Annual
Net realized loss from silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.06M	USD	Annual
Net realized loss from silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-5.70M	USD	Annual
Cost of silver bullion inventory sold to pay expenses	`CostOfTrustAssetsSoldToPayExpenses`	$43.30M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-131.81M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-206.45M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-77.39M	USD	Annual
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-461.78M	USD	Annual
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-1.12B	USD	Annual
Adjustment to silver bullion inventory	`InventoryWriteDown`	$1.78B	USD	Annual
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-1.59M	USD	Annual
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-421.00K	USD	Annual
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-382.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Silver bullion contributed for subscription of Shares (a)	`FairValueOfAssetsAcquired`	$2.10B	USD	Annual
Silver bullion contributed for subscription of Shares (a)	`FairValueOfAssetsAcquired`	$1.36B	USD	Annual
Silver bullion contributed for subscription of Shares (a)	`FairValueOfAssetsAcquired`	$859.47M	USD	Annual
Silver bullion distributed for redemption of Shares(a)	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.11B	USD	Annual
Silver bullion distributed for redemption of Shares(a)	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.03B	USD	Annual
Silver bullion distributed for redemption of Shares(a)	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$2.16B	USD	Annual

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Shareholders equity (deficit) beginning of period (a)	`StockholdersEquity`	$5.26B	USD	Point-in-time
Shareholders equity (deficit) beginning of period (a)	`StockholdersEquity`	$-1.58B	USD	Point-in-time
Shareholders equity (deficit) beginning of period (a)	`StockholdersEquity`	$4.39B	USD	Point-in-time
Contributions for Shares issued	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$1.36B	USD	Annual
Contributions for Shares issued	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$2.10B	USD	Annual
Contributions for Shares issued	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$859.47M	USD	Annual
Distributions for Shares redeemed	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$1.11B	USD	Annual
Distributions for Shares redeemed	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$1.03B	USD	Annual
Distributions for Shares redeemed	`ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod`	$2.03B	USD	Annual
Net investment loss	`OperatingIncomeLoss`	$-25.30M	USD	Annual
Net investment loss	`OperatingIncomeLoss`	$-31.58M	USD	Annual
Net realized loss from silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-1.06M	USD	Annual
Net realized loss from silver bullion sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$-5.70M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-131.81M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-206.45M	USD	Annual
Net realized loss from silver bullion distributed for the redemption of Shares	`NetRealizedGainLossFromSilverDistributedForTheRedemptionOfShares`	$-77.39M	USD	Annual
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-461.78M	USD	Annual
Net change in unrealized appreciation/depreciation on investment in silver bullion	`UnrealizedGainLossOnInvestments`	$-1.12B	USD	Annual
Net loss (b)	`NetIncomeLoss`	$-1.95B	USD	Annual
Net loss (b)	`NetIncomeLoss`	$-699.23M	USD	Annual
Net loss (b)	`NetIncomeLoss`	$-1.23B	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$-169.63M	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$253.69M	USD	Annual
Adjustment of redeemable capital Shares to redemption value	`TemporaryEquityIssuePeriodIncreaseOrDecrease`	$3.53B	USD	Annual
Shareholders equity (deficit) end of period	`StockholdersEquity`	$5.26B	USD	Point-in-time
Shareholders equity (deficit) end of period	`StockholdersEquity`	$-1.58B	USD	Point-in-time
Shareholders equity (deficit) end of period	`StockholdersEquity`	$4.39B	USD	Point-in-time

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