$UDN
INVESCO DB US DOLLAR INDEX BEARISH FUND

2018 Q1 Form 10-K Financial Statement

#000156459018003618 Filed on February 28, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 2016 Q4
Revenue $142.9K
YoY Change 231.09%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $78.73K
YoY Change 16.77%
Operating Profit $65.35K $43.06K
YoY Change -382.43% -121.42%
Interest Expense $71.00
YoY Change 9.23%
% of Operating Profit 0.11%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $720.1K $3.619M
YoY Change 15.34% -347.71%
Net Earnings / Revenue 503.79%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 1.800M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $41.17M $32.78M
YoY Change 9.64% -23.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $27.35K
YoY Change -99.39%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.09M $32.75M
YoY Change
Total Liabilities & Shareholders Equity $32.78M
YoY Change -23.88%

Cashflow Statement

Concept 2018 Q1 2017 2016 Q4
OPERATING ACTIVITIES
Net Income $720.1K $3.619M
YoY Change 15.34% -347.71%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$169.3K -$4.003M
YoY Change -276.72%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $43.11K
YoY Change
Common Stock Issuance & Retirement, Net -$4.047M
YoY Change -146.74%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.004M
YoY Change -146.24%
NET CHANGE
Cash From Operating Activities -169.3K -4.003M
Cash From Investing Activities
Cash From Financing Activities 4.004M
Net Change In Cash -169.3K 385.0
YoY Change -100.01%
FREE CASH FLOW
Cash From Operating Activities -$169.3K -$4.003M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2016Q4 us-gaap Liabilities
Liabilities
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CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2016Q4 us-gaap Limited Partners Capital Account Units Outstanding
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NetAssetValuePerShare
22.43
CY2016Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
20.47
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MarketValuePerShare
22.39
CY2016Q4 udn Market Value Per Share
MarketValuePerShare
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OperatingIncomeLoss
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CY2016 us-gaap Marketable Securities Realized Gain Loss
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CY2015 us-gaap Marketable Securities Realized Gain Loss
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CY2017 us-gaap Gain Loss On Sale Of Investments
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CY2017 us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
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CY2016 us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
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CY2015 us-gaap Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
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-4150446
CY2017 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-3530
CY2016 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-4331
CY2015 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
35228697
CY2017 us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
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CY2016 us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
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CY2015 us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
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CY2017 us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
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CY2016 us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
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CY2015 us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
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CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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CY2016 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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CY2015 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
2525
CY2017 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
471465
CY2016 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
506783
CY2015 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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CY2017 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
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CY2016 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
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UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
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GainLossOnInvestments
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NetIncomeLoss
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CY2017 us-gaap Partners Capital Account Return Of Capital
PartnersCapitalAccountReturnOfCapital
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CY2017 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
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StockholdersEquity
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CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2016 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
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CY2016 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
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StockholdersEquity
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StockIssuedDuringPeriodValueNewIssues
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CY2016 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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DepreciationAmortizationAndAccretionNet
-331775
CY2016 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-117783
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UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCurrencyContracts
-3530
CY2016 udn Unrealized Gain Loss On Marketable Securities Affiliated Investments And Derivatives And Currency Contracts
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCurrencyContracts
-4331
CY2015 udn Unrealized Gain Loss On Marketable Securities Affiliated Investments And Derivatives And Currency Contracts
UnrealizedGainLossOnMarketableSecuritiesAffiliatedInvestmentsAndDerivativesAndCurrencyContracts
595180
CY2015 udn Cash Transferred
CashTransferred
-2052858
CY2015 udn Proceeds From Payments To Commodity Broker
ProceedsFromPaymentsToCommodityBroker
1658499
CY2017 udn Increase Decrease In Variation Margin
IncreaseDecreaseInVariationMargin
66676
CY2016 udn Increase Decrease In Variation Margin
IncreaseDecreaseInVariationMargin
290309
CY2017 us-gaap Increase Decrease In Dividends Receivable
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CY2017 us-gaap Payments Of Dividends
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43111
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ProceedsFromIssuanceOfCommonStock
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CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30926933
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3947066
CY2015 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
4732107
CY2014Q4 us-gaap Cash
Cash
1829181
CY2015 us-gaap Interest Paid
InterestPaid
1012
CY2017 us-gaap Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
<div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 5 &#8211; Deposits with Commodity Broker and Custodian</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Fund defines cash as cash held by the Custodian. There were no cash equivalents held by the Fund as of December 31, 2017 and 2016. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Fund deposits cash and United States Treasury Obligations with the Commodity Broker, subject to CFTC regulations and various exchange and broker requirements. The combination of the Fund&#8217;s deposits with its Commodity Broker of cash and United States Treasury Obligations and the unrealized profit or loss on open futures contracts represents the Fund&#8217;s overall equity in its broker trading account. To meet the Fund&#8217;s maintenance margin requirements, the Fund holds United States Treasury Obligations with the Commodity Broker. The Fund transfers cash to the Commodity Broker to satisfy variation margin requirements. The Fund earns interest on any excess cash deposited with the Commodity Broker and incurs interest expense on any deficit balance with the Commodity Broker. The Fund may deposit T-Bill ETFs and money market mutual funds with the Commodity Broker as margin, to the extent permissible under CFTC rules. Prior to November 29, 2016, Deutsche Bank Securities Inc. (the &#8220;Predecessor Commodity Broker&#8221;) served as the Fund&#8217;s clearing broker.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The brokerage agreement with the Commodity Broker provides for the net settlement of all financial instruments covered by the agreement in the event of default or termination of any one contract. The Managing Owner will utilize any excess cash held at the Commodity Broker to offset any realized losses incurred in the currency futures contracts, if available. To the extent that any excess cash held at the Commodity Broker is not adequate to cover any realized losses, a portion of the United States Treasury Obligations and T-Bill ETFs, if any, on deposit with the Commodity Broker will be sold to make additional cash available. For financial reporting purposes, the Fund offsets financial assets and financial liabilities that are subject to legally enforceable netting arrangements. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Fund&#8217;s remaining cash, United States Treasury Obligations, T-Bill ETFs and money market mutual fund holdings are on deposit with the Custodian. The Fund is permitted to temporarily carry a negative or overdrawn balance in its account with the Custodian. Such balances, if any at period-end, are shown on the Statements of Financial Condition under the payable caption Due to <font style="font-style:italic;">custodian</font>.</p></div>
CY2017 us-gaap Use Of Estimates
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<div> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">B.&nbsp;&nbsp;Accounting Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates by a significant amount. In addition, the Fund monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are released to print.</p></div>
CY2014Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
23.77
udn Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
6.00
CY2016Q4 udn Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
6.00
CY2015 udn Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
6.00
CY2017 udn Management Fee Per Annum Of Daily Net Assets
ManagementFeePerAnnumOfDailyNetAssets
0.0075
CY2015 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
0
CY2017Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2016Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
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2095110
CY2017Q4 us-gaap Investment Owned Unrecognized Unrealized Appreciation
InvestmentOwnedUnrecognizedUnrealizedAppreciation
583889
CY2017Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
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CY2016Q4 udn Financial Instruments Owned Money Market Mutual Fund At Fair Value
FinancialInstrumentsOwnedMoneyMarketMutualFundAtFairValue
1502575
CY2016Q4 us-gaap Investment Owned Unrecognized Unrealized Appreciation Depreciation Net
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112424
CY2016Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
32585235
CY2015Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
21.42
CY2017 us-gaap Business Acquisition Date Of Acquisition Agreement1
BusinessAcquisitionDateOfAcquisitionAgreement1
2015-02-23
CY2015Q1 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
1000
CY2015Q1 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
40
CY2017 udn Maximum Remaining Maturity Period Of Treasury Bills For Which Indexes Tracked To Measure Performance
MaximumRemainingMaturityPeriodOfTreasuryBillsForWhichIndexesTrackedToMeasurePerformance
P12M
CY2017 udn Minimum Number Of Baskets Of Shares That Can Be Purchased
MinimumNumberOfBasketsOfSharesThatCanBePurchased
1
CY2017 udn Number Of Shares Issued Per Basket
NumberOfSharesIssuedPerBasket
200000
CY2017Q4 us-gaap Partners Capital Distribution Amount Per Share
PartnersCapitalDistributionAmountPerShare
0.02395
CY2017 us-gaap Distributed Earnings
DistributedEarnings
43111
CY2016 us-gaap Distributed Earnings
DistributedEarnings
0
CY2015 us-gaap Distributed Earnings
DistributedEarnings
0
CY2017 udn Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
6.00
CY2017 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
1.96
CY2016 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.84
CY2017 udn Minimum Number Of Baskets Of Shares That Can Be Redeemed
MinimumNumberOfBasketsOfSharesThatCanBeRedeemed
1
CY2016 udn Stockholders Equity Period Increase Decrease Due To Share Transactions
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
-4355845
CY2017 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
1.98
CY2016 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
-0.11
CY2015 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
-0.16
CY2015 us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-2.19
CY2017 us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.02
CY2016 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
-0.95
CY2015 us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
-2.35
CY2017 us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
-0.02
CY2015Q4 udn Market Value Per Share
MarketValuePerShare
21.43
CY2014Q4 udn Market Value Per Share
MarketValuePerShare
23.77
CY2017 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0011
CY2016 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
-0.0049
CY2015 us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
-0.0075
CY2017 us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0076
CY2016 us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0078
CY2015 us-gaap Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
0.0078
CY2016 udn Average Net Assets To Expenses Prior To Waivers
AverageNetAssetsToExpensesPriorToWaivers
0.0078
CY2015 udn Average Net Assets To Expenses Prior To Waivers
AverageNetAssetsToExpensesPriorToWaivers
0.0078
CY2017 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
0.0969
CY2016 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.0444
CY2015 us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.0989
CY2016 udn Return At Market Value
ReturnAtMarketValue
-0.0453
CY2015 udn Return At Market Value
ReturnAtMarketValue
-0.0984

Files In Submission

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