Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash [1] $ 39,318 $ 37,783
Receivables, net 35,243 97,040
Derivative assets 77,881 91,743
Secured loans receivable [1] 100,620 126,217
Precious metals held under financing arrangements [1] 25,530 79,766
Inventories:    
Inventories [1] 645,812 458,347
Restricted inventories 335,831 282,671
Restricted and non-restricted inventory, net 981,643 741,018
Prepaid expenses and other assets [1] 6,956 7,558
Total current assets 1,267,191 1,181,125
Operating lease right of use assets 5,119 6,482
Property, plant, and equipment, net 12,513 9,845
Goodwill 100,943 100,943
Intangibles, net 62,630 67,965
Long-term investments 88,535 70,828
Other long-term assets 8,640 5,471
Total assets 1,545,571 1,442,659
Current liabilities:    
Lines of credit 235,000 215,000
Liabilities on borrowed metals 21,642 59,417
Product financing arrangements 335,831 282,671
Accounts payable and other payables 25,465 6,127
Deferred revenue and other advances 181,363 175,545
Derivative liabilities 8,076 75,780
Accrued liabilities [1] 20,418 21,813
Income tax payable 958 382
Notes payable [1] 95,308 0
Total current liabilities 924,061 836,735
Notes payable [2] 0 94,073
Deferred tax liabilities 16,677 15,408
Other liabilities 4,440 5,972
Total liabilities 945,178 952,188
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of June 30, 2023 and June 30, 2022
Common stock, par value $0.01; 40,000,000 shares authorized; 23,672,122 and 23,379,888 shares issued and 23,336,387 and 23,379,888 shares outstanding as of June 30, 2023 and June 30, 2022, respectively 237 234
Treasury stock, 335,735 and 0 shares at cost as of June 30, 2023 and June 30, 2022, respectively (9,762)  
Additional paid-in capital 169,034 166,526
Accumulated other comprehensive loss (1,025)  
Retained earnings 440,639 321,849
Total A-Mark Precious Metals, Inc. stockholders' equity 599,123 488,609
Noncontrolling interest 1,270 1,862
Total stockholders’ equity 600,393 490,471
Total liabilities, noncontrolling interest and stockholders' equity $ 1,545,571 $ 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.