Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
Current assets:    
Cash [1] $ 52,325 $ 8,320
Receivables, net [1] 49,142 26,895
Derivative assets 46,325 2,428
Secured loans receivable [1] 63,710 125,298
Precious metals held under financing arrangements [1] 178,577 208,792
Inventories:    
Inventories [1] 246,603 198,356
Restricted inventories 74,678 94,505
Restricted and nonrestricted inventory, net 321,281 292,861
Income tax receivable   1,473
Prepaid expenses and other assets [1] 2,659 2,783
Total current assets 714,019 668,850
Operating lease right of use assets 4,223  
Property, plant, and equipment, net 5,675 6,731
Goodwill 8,881 8,881
Intangibles, net 4,974 5,852
Long-term investments 16,763 11,885
Deferred tax assets   3,163
Other long-term assets 3,500  
Total assets 758,035 705,362
Current liabilities:    
Lines of credit 135,000 167,000
Liabilities on borrowed metals 168,206 201,144
Product financing arrangements 74,678 94,505
Accounts payable and other current liabilities 140,930 62,180
Derivative liabilities [1] 25,414 9,971
Accrued liabilities [1] 10,397 6,137
Income tax payable 2,135  
Total current liabilities 556,760 540,937
Notes payable [1] 92,517 91,859
Deferred tax liabilities 62  
Other liabilities 3,802  
Total liabilities 653,141 632,796
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of June 30, 2020 and June 30, 2019
Common stock, par value $0.01; 40,000,000 shares authorized; 7,031,500 and 7,031,450 shares issued and outstanding as of June 30, 2020 and June 30, 2019, respectively 71 71
Additional paid-in capital 27,289 26,452
Retained earnings 73,644 43,135
Total A-Mark Precious Metals, Inc. stockholders’ equity 101,004 69,658
Non-controlling interests 3,890 2,908
Total stockholders’ equity 104,894 72,566
Total liabilities, non-controlling interests and stockholders’ equity $ 758,035 $ 705,362
[1] Includes amounts of the consolidated variable interest entity, which is presented separately in the table below.