Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Jun. 30, 2022
Current assets:    
Cash [1] $ 78,101 $ 37,783
Receivables, net 90,076 97,040
Derivative assets 58,456 91,743
Secured loans receivable [1] 96,856 126,217
Precious metals held under financing arrangements [1] 24,014 79,766
Inventories:    
Inventories [1] 675,414 458,347
Restricted inventories 292,104 282,671
Restricted and non-restricted inventory, net 967,518 741,018
Income tax receivable 861 0
Prepaid expenses and other assets [1] 8,460 7,558
Total current assets 1,324,342 1,181,125
Operating lease right of use assets 5,410 6,482
Property, plant, and equipment, net 11,473 9,845
Goodwill 100,943 100,943
Intangibles, net 64,281 67,965
Long-term investments 80,995 70,828
Other long-term assets 5,459 5,471
Total assets 1,592,903 1,442,659
Current liabilities:    
Lines of credit 230,000 215,000
Liabilities on borrowed metals 25,730 59,417
Product financing arrangements 292,104 282,671
Accounts payable and other payables 10,164 6,127
Deferred revenue and other advances 253,688 175,545
Derivative liabilities 83,330 75,780
Accrued liabilities [1] 19,763 21,813
Income tax payable 0 382
Notes payable [1] 94,644 0
Total current liabilities 1,009,423 836,735
Notes payable [2] 1,752 94,073
Deferred tax liabilities 14,788 15,408
Other liabilities 4,802 5,972
Total liabilities 1,030,765 952,188
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of March 31, 2023 and June 30, 2022
Common stock, par value $0.01; 40,000,000 shares authorized; 23,596,341 and 23,379,888 shares issued and 23,260,606 and 23,379,888 shares outstanding as of March 31, 2023 and June 30, 2022, respectively 236 234
Treasury stock (335,735 and 0 shares) at cost as of March 31, 2023 and June 30, 2022, respectively (9,762)  
Additional paid-in capital 168,253 166,526
Accumulated other comprehensive loss (1,229)  
Retained earnings 403,473 321,849
Total A-Mark Precious Metals, Inc. stockholders' equity 560,971 488,609
Noncontrolling interest 1,167 1,862
Total stockholders’ equity 562,138 490,471
Total liabilities, noncontrolling interest and stockholders' equity $ 1,592,903 $ 1,442,659
[1] Includes amounts of the consolidated variable interest entity, which are presented separately in the table below.
[2] Notes payable as of June 30, 2022 includes amounts of the consolidated variable interest entity, which is presented separately in the table below.