Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Jun. 30, 2020
Current assets:    
Cash [1] $ 24,370 $ 52,325
Receivables, net [1] 75,668 49,142
Derivative assets [1] 113,600 46,325
Secured loans receivable [1] 84,223 63,710
Precious metals held under financing arrangements [1] 158,756 178,577
Inventories:    
Inventories [1] 311,582 246,603
Restricted inventories 101,599 74,678
Restricted and nonrestricted inventory, net 413,181 321,281
Prepaid expenses and other assets [1] 3,128 2,659
Total current assets 872,926 714,019
Operating lease right of use assets 3,935 4,223
Property, plant, and equipment, net 5,799 5,675
Goodwill 8,881 8,881
Intangibles, net 4,820 4,974
Long-term investments 20,889 16,763
Other long-term assets 3,500 3,500
Total assets 920,750 758,035
Current liabilities:    
Lines of credit 214,000 135,000
Liabilities on borrowed metals 153,752 168,206
Product financing arrangements 101,599 74,678
Accounts payable and other current liabilities 210,922 140,930
Derivative liabilities [1] 13,497 25,414
Accrued liabilities [1] 9,222 10,397
Income tax payable 2,906 2,135
Total current liabilities 705,898 556,760
Notes payable [1] 92,692 92,517
Deferred tax liabilities 62 62
Other liabilities 3,457 3,802
Total liabilities 802,109 653,141
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of September 30, 2020 and June 30, 2020
Common stock, par value $0.01; 40,000,000 shares authorized; 7,066,530 and 7,031,500 shares issued and outstanding as of September 30, 2020 and June 30, 2020, respectively 71 71
Additional paid-in capital 27,883 27,289
Retained earnings 86,174 73,644
Total A-Mark Precious Metals, Inc. stockholders’ equity 114,128 101,004
Non-controlling interests 4,513 3,890
Total stockholders’ equity 118,641 104,894
Total liabilities, non-controlling interests and stockholders’ equity $ 920,750 $ 758,035
[1] Includes amounts of the consolidated variable interest entity, which is presented separately in the table below.