Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Jun. 30, 2020
Current assets:    
Cash [1] $ 38,766 $ 52,325
Receivables, net [1] 64,713 49,142
Derivative assets [1] 70,325 46,325
Secured loans receivable [1] 100,728 63,710
Precious metals held under financing arrangements [1] 160,988 178,577
Inventories:    
Inventories [1] 310,854 246,603
Restricted inventories 250,067 74,678
Restricted and nonrestricted inventory, net 560,921 321,281
Prepaid expenses and other assets [1] 4,464 2,659
Total current assets 1,000,905 714,019
Operating lease right of use assets 6,066 4,223
Property, plant, and equipment, net 8,264 5,675
Goodwill 101,673 8,881
Intangibles, net 101,516 4,974
Long-term investments 12,429 16,763
Other long-term assets 2,500 3,500
Total assets 1,233,353 758,035
Current liabilities:    
Lines of credit 165,000 135,000
Liabilities on borrowed metals 109,735 168,206
Product financing arrangements 250,067 74,678
Accounts payable and other current liabilities 228,254 140,930
Derivative liabilities [1] 14,620 25,414
Accrued liabilities [1] 17,098 10,397
Income tax payable 15,929 2,135
Total current liabilities 800,703 556,760
Notes payable [1] 93,060 92,517
Deferred tax liabilities 20,382 62
Other liabilities 5,530 3,802
Total liabilities 919,675 653,141
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of March 31, 2021 and June 30, 2020
Common stock, par value $0.01; 40,000,000 shares authorized; 11,136,233 and 7,031,500 shares issued and outstanding as of March 31, 2021 and June 30, 2020, respectively 112 71
Additional paid-in capital 147,370 27,289
Retained earnings 161,086 73,644
Total A-Mark Precious Metals, Inc. stockholders’ equity 308,568 101,004
Non-controlling interests 5,110 3,890
Total stockholders’ equity 313,678 104,894
Total liabilities, non-controlling interests and stockholders’ equity $ 1,233,353 $ 758,035
[1] Includes amounts of the consolidated variable interest entity, which is presented separately in the table below.