Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Jun. 30, 2021
Current assets:    
Cash [1] $ 19,352 $ 101,405
Receivables, net 84,994 89,000
Derivative assets 24,728 44,536
Secured loans receivable [1] 126,303 112,968
Precious metals held under financing arrangements [1] 88,620 154,742
Inventories:    
Inventories [1] 402,565 256,991
Restricted inventories 155,779 201,028
Restricted and non-restricted inventory, net 558,344 458,019
Prepaid expenses and other assets [1] 7,353 3,557
Total current assets 909,694 964,227
Operating lease right of use assets 7,063 5,702
Property, plant, and equipment, net 9,439 8,609
Goodwill 100,943 100,943
Intangibles, net 77,889 93,633
Long-term investments 30,904 18,467
Total assets 1,135,932 1,191,581
Current liabilities:    
Lines of credit 160,000 185,000
Liabilities on borrowed metals 67,434 91,866
Product financing arrangements 155,779 201,028
Accounts payable and other payables 7,447 5,935
Deferred revenue and other advances 158,365 194,416
Derivative liabilities 47,751 7,539
Accrued liabilities [1] 16,419 18,785
Income tax payable 1,343 5,016
Total current liabilities 614,538 709,585
Notes payable [1] 93,650 93,249
Deferred tax liabilities 16,331 19,514
Other liabilities 6,625 5,291
Total liabilities 731,144 827,639
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of December 31, 2021 and June 30, 2021
Common stock, par value $0.01; 40,000,000 shares authorized; 11,409,629 and 11,229,657 shares issued and outstanding as of December 31, 2021 and June 30, 2021, respectively 115 113
Additional paid-in capital 155,840 150,420
Retained earnings 247,269 212,090
Total A-Mark Precious Metals, Inc. stockholders’ equity 403,224 362,623
Noncontrolling interests 1,564 1,319
Total stockholders’ equity 404,788 363,942
Total liabilities, noncontrolling interests and stockholders’ equity $ 1,135,932 $ 1,191,581
[1] Includes amounts of the consolidated variable interest entity, which is presented separately in the table below.