Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Jun. 30, 2023
Current assets:    
Cash [1] $ 28,495 $ 39,318
Receivables, net 42,720 35,243
Derivative assets 25,745 77,881
Secured loans receivable [1] 106,565 100,620
Precious metals held under financing arrangements [1] 19,520 25,530
Inventories:    
Inventories [1] 591,737 645,812
Restricted inventories 518,613 335,831
Restricted and non-restricted inventory, net 1,110,350 981,643
Income tax receivable 1,022 0
Prepaid expenses and other assets [1] 5,864 6,956
Total current assets 1,340,281 1,267,191
Operating lease right of use assets 4,524 5,119
Property, plant, and equipment, net 14,987 12,513
Goodwill 100,943 100,943
Intangibles, net 58,299 62,630
Long-term investments 91,886 88,535
Other long-term assets 12,938 8,640
Total assets 1,623,858 1,545,571
Current liabilities:    
Lines of credit 0 235,000
Liabilities on borrowed metals 24,215 21,642
Product financing arrangements 518,613 335,831
Accounts payable and other payables 10,689 25,465
Deferred revenue and other advances 121,648 181,363
Derivative liabilities 28,908 8,076
Accrued liabilities [1] 12,353 20,418
Income tax payable 0 958
Notes payable [1] 3,234 95,308
Total current liabilities 719,660 924,061
Lines of credit 298,000 0
Deferred tax liabilities 16,697 16,677
Other liabilities 4,121 4,440
Total liabilities 1,038,478 945,178
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of December 31, 2023 or June 30, 2023
Common stock, par value $0.01; 40,000,000 shares authorized; 23,848,248 and 23,672,122 shares issued and 22,901,153 and 23,336,387 shares outstanding as of December 31, 2023 and June 30, 2023, respectively 239 237
Treasury stock, 947,095 and 335,735 shares at cost as of December 31, 2023 and June 30, 2023, respectively (26,780) (9,762)
Additional paid-in capital 170,816 169,034
Accumulated other comprehensive loss (961) (1,025)
Retained earnings 440,445 440,639
Total A-Mark Precious Metals, Inc. stockholders' equity 583,759 599,123
Noncontrolling interest 1,621 1,270
Total stockholders’ equity 585,380 600,393
Total liabilities, noncontrolling interest and stockholders' equity $ 1,623,858 $ 1,545,571
[1] Includes amounts of the consolidated variable interest entity as of June 30, 2023, which are presented separately in the table below.