2014 Form 10-K Financial Statement

#000119312515070873 Filed on March 02, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q3
Revenue $272.1K
YoY Change
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 $6.241M $1.855M
YoY Change 2.14% -20.06%
Operating Profit -$5.969M
YoY Change 3.09%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $93.34M -$4.217M -$38.08M
YoY Change -533.04% 13.96% 35.29%
Net Earnings / Revenue 34306.52%
Basic Earnings Per Share $2.46 -$0.11 -$0.92
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 36.20M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $12.10M $17.88M
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 $667.4M $783.7M
YoY Change -3.21% -22.37%
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 $447.1K $542.6K
YoY Change -6.66% -60.86%
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 $667.0M $783.2M
YoY Change
Total Liabilities & Shareholders Equity $667.4M $783.7M
YoY Change -3.21% -22.37%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $93.34M -$4.217M -$38.08M
YoY Change -533.04% 13.96% 35.29%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
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
YoY Change
Common Stock Issuance & Retirement, Net -$246.7M
YoY Change -42773.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2013 us-gaap Increase Decrease In Payables To Broker Dealers
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CY2013 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2013 uup Return At Market Value
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CY2013 uup Average Net Assets To Expenses
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0.0082 pure
CY2013 uup Average Charges Paid To Broker Per Round Turn Trade Maximum
AverageChargesPaidToBrokerPerRoundTurnTradeMaximum
12.00
CY2013 uup Percentage Of Assets Held By Broker
PercentageOfAssetsHeldByBroker
1.00 pure
CY2013 uup Net Assets Value Increase Decrease Per Share
NetAssetsValueIncreaseDecreasePerShare
-0.29
CY2013 uup Gain Loss On Investments Per Share
GainLossOnInvestmentsPerShare
-0.12
CY2013 uup Average Net Assets To Net Investment Income Loss
AverageNetAssetsToNetInvestmentIncomeLoss
-0.0078 pure
CY2013 uup Stockholders Equity Period Increase Decrease Due To Share Transactions
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
-578061
CY2013 uup Average Investment Owned Underlying Face Amount At Market Value
AverageInvestmentOwnedUnderlyingFaceAmountAtMarketValue
754400000
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
PowerShares DB US Dollar Index Bullish Fund
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Trading Symbol
TradingSymbol
UUP
CY2014 uup Minimum Number Of Baskets Of Shares That Can Be Redeemed
MinimumNumberOfBasketsOfSharesThatCanBeRedeemed
1 Basket
CY2014 uup Stockholders Equity Period Increase Decrease Due To Share Transactions
StockholdersEquityPeriodIncreaseDecreaseDueToShareTransactions
246680328
CY2014 uup Average Investment Owned Underlying Face Amount At Market Value
AverageInvestmentOwnedUnderlyingFaceAmountAtMarketValue
757300000
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 18px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: 'Times New Roman'" size="2"><b>(3) Fund Investment Overview</b></font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); PADDING-BOTTOM: 0px; FONT: medium 'Times New Roman'; MARGIN-TOP: 6px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: 'Times New Roman'" size="2">The Fund establishes long positions in certain futures contracts (the &#x201C;DX Contracts&#x201D;), with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank Long US Dollar Index (USDX<font style="FONT-FAMILY: 'Times New Roman'" size="1"><sup style="VERTICAL-ALIGN: baseline; POSITION: relative; BOTTOM: 0.8ex">&#xAE;</sup></font>) Futures Index&#x2014;Excess Return, the Long Index or the Index, over time. The performance of the Fund also is intended to reflect the excess, if any, of its interest income from its holdings of United States Treasury Obligations and other high credit quality short-term fixed income securities over the expenses of the Fund. The Index is calculated to reflect the changes in market value over time, whether positive or negative, of long positions in DX Contracts. DX Contracts are traded through the currency markets of ICE Futures U.S. (formerly known as the New York Board of Trade&#xAE;), under the symbol &#x201C;DX.&#x201D; The changes in market value over time, whether positive or negative, of the DX Contracts are related to the changes, whether positive or negative, in the level of the U.S.&#xA0;Dollar Index<font style="FONT-FAMILY: 'Times New Roman'" size="1"><sup style="VERTICAL-ALIGN: baseline; POSITION: relative; BOTTOM: 0.8ex">&#xAE;</sup></font>&#xA0;(the &#x201C;USDX<font style="FONT-FAMILY: 'Times New Roman'" size="1"><sup style="VERTICAL-ALIGN: baseline; POSITION: relative; BOTTOM: 0.8ex">&#xAE;</sup></font>&#x201D;). The Index provides a general indication of the international value of the U.S. dollar relative to the six major world currencies (each an &#x201C;Index Currency,&#x201D; and collectively, the &#x201C;Index Currencies&#x201D;), which comprise the USDX&#xAE;&#x2014;Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.</font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: 'Times New Roman'" size="2">The Fund does not borrow money to increase leverage. As of December&#xA0;31, 2014 and December&#xA0;31, 2013, the Fund had $1,044,653,342 (or 100% of its assets) and $667,435,214 (or 100% of its total assets), respectively, of its holdings of cash, United States Treasury Obligations and unrealized appreciation/depreciation on futures contracts on deposit with its Commodity Broker. Of this, $16,632,000 (or 1.59%) and $8,243,730 (or 1.24%) is required to be deposited to satisfy maintenance margin required by the commodity broker for the Fund&#x2019;s open futures positions as of December&#xA0;31, 2014 and 2013, respectively. For additional information, please see the audited Schedule of Investments as of December&#xA0;31, 2014 and 2013 for details of the Fund&#x2019;s portfolio holdings.</font></p> <p>&#xA0;</p> </div>
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b><i>(b) Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and related disclosure of contingent assets and liabilities during the reporting period of the financial statements and accompanying notes. Actual results could differ from those estimates. There were no significant estimates used in the preparation of these financial statements.</p> </div>
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 us-gaap Significant Acquisitions And Disposals Date Of Transaction For Acquisitions Or Disposals
SignificantAcquisitionsAndDisposalsDateOfTransactionForAcquisitionsOrDisposals
2015-02-23
CY2014 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
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CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.46
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
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CY2014 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2014 dei Document Fiscal Period Focus
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CY2014 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
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CY2014 us-gaap Gain Loss On Sale Of Securities Net
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CY2014 us-gaap Payments For Repurchase Of Common Stock
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CY2014 us-gaap Distributed Earnings
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2014 us-gaap Depreciation Amortization And Accretion Net
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CY2014 us-gaap Increase Decrease In Payables To Broker Dealers
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3604
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200026
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StockRedeemedOrCalledDuringPeriodValue
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CY2014 uup Return At Net Asset Value
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0.1143 pure
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-0.17
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200000 shares
CY2014 uup Minimum Number Of Baskets Of Shares That Can Be Purchased
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1 Basket
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0.0159 pure
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0.1138 pure
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0.0081 pure
CY2014 uup Average Charges Paid To Broker Per Round Turn Trade Maximum
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12.00
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1.00 pure
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2.46
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2.63
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200000 shares
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UnrealizedGainLossOnInvestments
10301237
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UnrealizedGainLossOnSecurities
49987
CY2012 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
3063
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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NetIncomeLoss
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OperatingExpenses
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-0.17
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ReturnAtMarketValue
-0.0294 pure
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CY2012 uup Net Assets Value Increase Decrease Per Share
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