Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Current assets:    
Cash [1] $ 28,549 $ 101,405
Receivables, net 65,636 89,000
Derivative assets 25,973 44,536
Secured loans receivable [1] 145,838 112,968
Precious metals held under financing arrangements [1] 87,450 154,742
Inventories:    
Inventories [1] 564,816 256,991
Restricted inventories 199,447 201,028
Restricted and non-restricted inventory, net 764,263 458,019
Prepaid expenses and other assets [1] 8,188 3,557
Total current assets 1,125,897 964,227
Operating lease right of use assets 6,774 5,702
Property, plant, and equipment, net 9,542 8,609
Goodwill 100,943 100,943
Intangibles, net 70,716 93,633
Long-term investments 32,511 18,467
Other long-term assets 200  
Total assets 1,346,583 1,191,581
Current liabilities:    
Lines of credit 255,000 185,000
Liabilities on borrowed metals 67,824 91,866
Product financing arrangements 199,447 201,028
Accounts payable and other payables 26,175 5,935
Deferred revenue and other advances 193,081 194,416
Derivative liabilities 24,783 7,539
Accrued liabilities [1] 21,399 18,785
Income tax payable 268 5,016
Total current liabilities 787,977 709,585
Notes payable [1] 93,859 93,249
Deferred tax liabilities 14,951 19,514
Other liabilities 6,304 5,291
Total liabilities 903,091 827,639
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of March 31, 2022 and June 30, 2021
Common stock, par value $0.01; 40,000,000 shares authorized; 11,514,010 and 11,229,657 shares issued and outstanding as of March 31, 2022 and June 30, 2021, respectively 116 113
Additional paid-in capital 156,997 150,420
Retained earnings 284,651 212,090
Total A-Mark Precious Metals, Inc. stockholders’ equity 441,764 362,623
Noncontrolling interests 1,728 1,319
Total stockholders’ equity 443,492 363,942
Total liabilities, noncontrolling interests and stockholders’ equity $ 1,346,583 $ 1,191,581
[1] Includes amounts of the consolidated variable interest entity, which is presented separately in the table below.