Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Jun. 30, 2023
Current assets:    
Cash [1] $ 48,245 $ 39,318
Receivables, net 34,315 35,243
Derivative assets 87,573 77,881
Secured loans receivable [1] 99,167 100,620
Precious metals held under financing arrangements [1] 19,279 25,530
Inventories:    
Inventories [1] 611,194 645,812
Restricted inventories 389,615 335,831
Restricted and non-restricted inventory, net 1,000,809 981,643
Prepaid expenses and other assets [1] 5,535 6,956
Total current assets 1,294,923 1,267,191
Operating lease right of use assets 4,823 5,119
Property, plant, and equipment, net 13,693 12,513
Goodwill 100,943 100,943
Intangibles, net 60,465 62,630
Long-term investments 91,220 88,535
Other long-term assets 13,170 8,640
Total assets 1,579,237 1,545,571
Current liabilities:    
Lines of credit 0 235,000
Liabilities on borrowed metals 21,727 21,642
Product financing arrangements 389,615 335,831
Accounts payable and other payables 8,800 25,465
Deferred revenue and other advances 151,169 181,363
Derivative liabilities 20,417 8,076
Accrued liabilities [1] 14,564 20,418
Income tax payable 3,507 958
Notes payable [1] 95,179 95,308
Total current liabilities 704,978 924,061
Lines of credit 270,000 0
Deferred tax liabilities 16,735 16,677
Other liabilities 4,439 4,440
Total liabilities 996,152 945,178
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of September 30, 2023 or June 30, 2023
Common stock, par value $0.01; 40,000,000 shares authorized; 23,842,677 and 23,672,122 shares issued and 23,335,674 and 23,336,387 shares outstanding as of September 30, 2023 and June 30, 2023, respectively 239 237
Treasury stock, 507,003 and 335,735 shares at cost as of September 30, 2023 and June 30, 2023, respectively (14,778) (9,762)
Additional paid-in capital 170,357 169,034
Accumulated other comprehensive loss (838) (1,025)
Retained earnings 426,679 440,639
Total A-Mark Precious Metals, Inc. stockholders' equity 581,659 599,123
Noncontrolling interest 1,426 1,270
Total stockholders’ equity 583,085 600,393
Total liabilities, noncontrolling interest and stockholders' equity $ 1,579,237 $ 1,545,571
[1] Includes amounts of the consolidated variable interest entity, which are presented separately in the table below.