A-mark precious metals, inc. (AMRK)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13
Cash flows from operating activities:
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

1,255

303

-

-

702

1,434

-3,128

-677

-58

444

1,080

1,305

2,740

1,939

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,619

2,566

1,685

1,662

1,138

1,549

2,096

2,248

2,366

Adjustments to reconcile net income to net cash used in operating activities:
Provision (reversal) for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-72

Depreciation and amortization

883

666

668

719

690

701

697

632

682

783

529

401

413

386

321

305

305

303

303

217

223

227

228

253

238

223

220

Amortization of loan cost

409

377

353

338

312

331

211

408

460

362

233

309

205

174

204

204

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

-1,764

-382

-92

268

-316

-206

-453

-328

28

4,898

-4,687

5,121

2,318

5,209

-1,868

-2,155

-2,792

-147

-1,601

616

-5,216

5,963

0

-

-

-

-

Interest added to principal of secured loans

5

5

5

3

6

5

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest added to principal of secured loans

-

-

-

-

-

-

-

-

-

-

15

18

16

17

17

18

19

20

26

31

37

53

91

476

0

0

0

Share-based compensation

225

244

166

254

289

281

272

171

282

302

436

321

255

229

191

195

117

54

53

73

58

60

62

84

35

38

37

Earnings from equity method investments

278

103

11

264

375

311

248

143

99

122

57

21

-6

93

-14

88

107

94

412

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Receivables

72,155

955

-3,252

11,169

-7,550

-34,087

21,476

-4,963

1,842

-2,715

1,792

-3,568

-39,082

61,199

-22,556

17,374

3,371

-24,691

17,223

-25,807

-9,498

6,665

19,286

-

-

-

-

Receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,428

-20,886

39,113

-46,937

Secured loans receivable

-876

-588

-1,543

-443

1,010

830

-93

-72

-602

212

77

-26,928

26,605

-11,704

3,262

-1,941

-43

-2,021

-340

1,118

-636

2,247

-1,992

-

-

-

-

Secured loans made to affiliates

2,793

46

-5,154

5,542

-8,465

11,282

-6,824

3,171

7,850

-713

2,215

-7,965

5,142

2,822

-1,369

6

482

171

710

-2,024

-3,277

5,301

-2,562

-

-

-

-

Derivative assets

47,722

-14,187

17,118

-3,815

4,642

-1,105

-4,689

-240

6,236

-18,927

1,914

12,949

-34,939

10,802

-4,957

22,646

-6,037

6,497

-738

4,974

-11,722

-28,098

24,026

-

-

-

-

Income taxes receivable

-28

-34

27

-68

14

-34

8

32

858

-5,218

5,881

-1,247

-182

-6,912

1,023

-1,527

1,863

958

-1,822

2,203

5,446

197

0

-

-

-

-

Precious metals held under financing arrangements

-9,967

-3,837

-7,983

-3,830

-14,283

-5,571

-30,090

262,566

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

150,198

-109,267

79,337

26,442

-9,866

-13,520

9,689

-219,163

164,182

23,651

14,384

-60,872

54,608

-6,692

52,558

-28,916

34,194

-14,727

63,005

4,929

-37,199

64,531

-16,314

-18,247

33,772

-15,337

12,988

Prepaid expenses and other assets

678

-376

17

221

1,155

-916

208

-551

1,616

-88

802

144

281

-210

357

45

1,014

-426

-128

-1,279

1,823

-70

115

-326

71

139

242

Accounts payable

-

-23,051

23,225

-

-

-14,253

14,996

-5,369

-7,921

14,094

1,417

-2,204

-21,694

4,470

14,606

3,931

-13,221

-22,440

27,860

-24,187

29,248

-4,882

5,816

17,380

-24,564

36,479

-37,879

Derivative liabilities

30,483

2,358

-3,281

7,864

-23,197

-10,670

15,517

2,286

-9,249

3,431

-10,593

18,737

-58,513

60,839

-22,935

25,381

-8,857

7,037

-5,004

5,392

-22,684

-19,273

21,680

-

-

-

-

Liabilities on borrowed metals

14,285

3,849

4,406

9,506

16,667

-119

53,148

-37,052

-223,768

-4,516

-436

812

-2,966

725

156

1,221

-1,339

-225

5,491

-3,005

-811

6,314

-3,289

-89

2,606

2,082

6,809

Accrued liabilities

5,174

273

-1,016

570

676

683

-792

-784

779

771

-3,147

-657

1,301

220

-3,787

1,324

1,007

1,351

-1,088

855

1,059

-519

-2,135

166

919

-371

-1,245

Earn-out payment related to acquisition of joint venture

-

-

-

-

-

-

-

-

-

-

208

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Receivable from/payables to Former Parent

-

-

-

-

-

-

-

-

-

-

-

0

0

0

203

-713

0

1,605

0

-

-

-

-

-8,430

-2,324

-576

-1,329

Income taxes payable

-

-

-

-

-

-

-

0

0

0

-1,418

-4,620

293

5,745

0

-

-

-

-

0

0

-384

-1,794

2,178

0

0

0

Net cash (used in) provided by operating activities

-57,131

105,835

-62,479

-34,892

10,279

20,378

-10,298

-6,680

26,003

22,644

-34,321

95,060

-88,428

19,454

-35,867

24,836

-50,293

23,796

-54,495

6,122

69,765

-86,212

5,634

21,306

-39,163

12,116

-11,004

Cash flows from investing activities:
Capital expenditures for property, plant, and equipment

231

318

137

200

152

16

122

496

404

99

318

333

988

608

336

354

538

385

189

1,697

11

23

53

290

457

68

196

Purchase of long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

889

0

0

1,111

0

500

0

0

Secured loans receivable, net

-104,644

2,406

31,868

8,949

13,938

10,749

-21,621

-2,175

5,262

8,587

-4,674

33,437

-20,026

7,022

10,368

7,594

6,661

8,471

1,355

3,932

7,571

-3,644

1,809

-

-

-

-

Other loans originated

0

500

3,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of subsidiary, net of cash

-

-

-

-

-

-

-

-33

0

0

9,548

0

0

0

3,421

0

0

0

0

-

-

-

-

-

-

-

-

Secured loans acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

Principal collections on secured loans acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) investing activities

104,413

-3,374

-35,005

-9,149

-14,890

-12,265

21,499

1,712

-5,666

-8,686

-5,192

-33,770

19,038

-7,630

-14,125

-7,948

-9,535

-11,192

-1,544

-6,458

-7,582

3,621

-2,973

-4,061

-957

-68

-546

Cash flows from financing activities:
Product financing arrangements, net

-

-79,364

64,625

-

-

29,287

-60,814

16,570

-22,791

-4,704

-10,478

-21,107

34,984

3,677

58,431

-33,810

42,664

474

10,605

-8,689

-32,546

60,047

-3,997

-25,074

24,178

-19,950

6,902

Dividends

-

-

-

-

-

-

-

1

562

562

562

564

562

984

0

490

489

347

349

349

349

0

0

0

5,000

0

5,000

Borrowings and repayments under lines of credit, net

-5,000

-24,000

37,000

18,000

10,000

-40,000

-21,000

-10,000

-4,000

-5,000

39,000

-33,000

28,000

-18,000

-9,000

22,000

27,500

-14,400

29,900

14,200

-18,200

23,000

-7,200

15,400

13,800

6,300

4,700

Proceeds from issuance of debt obligation payable to related party

-

-

-

-

-

-

-

-

-

-

7,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on notes payable to related party

-

-

-

-

-

-

-

0

0

0

500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of notes payable

-

0

0

5,000

0

0

90,000

-7,500

0

7,500

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock award grant

-

-

-

-

-

-

-

-

-

-

-

0

0

0

172

-

-

-

-

-

-

-

-

-

-

-

-

Debt funding issuance costs

697

0

0

50

0

784

2,964

251

54

38

149

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Release of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

36,663

-103,364

101,625

47,612

-2,470

-18,997

5,222

6,318

-27,407

-10,304

34,811

-54,671

62,560

-15,307

49,603

-12,718

69,425

-14,273

40,156

5,062

-51,095

83,047

-11,197

-11,925

32,978

-13,650

6,602

Net increase (decrease) in cash, cash equivalents, and restricted cash

83,945

-903

4,141

3,571

-7,081

-10,884

16,423

1,350

-7,070

3,654

-4,702

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents, and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,483

-389

4,170

9,597

-1,669

-15,883

4,726

11,088

456

-8,536

5,320

-7,142

-1,602

-4,948

Supplemental disclosures of cash flow information:
Interest

4,051

4,853

5,173

3,560

6,327

2,659

2,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

1,856

3,115

2,365

2,512

1,456

2,146

1,604

1,259

1,134

1,103

1,319

716

1,003

1,210

847

1,077

774

Income taxes

21

17

33

65

65

0

47

94

36

39

2,869

8,921

2,588

58

307

-2

38

113

0

1,132

1,504

7,675

2,572

0

3,742

1,125

2,800

Non-cash investing and financing activities:
Interest added to principal of secured loans

5

5

5

3

6

5

5

7

12

14

15

18

16

17

17

-

-

-

-

-

-

-

-

-

-

-

-

Debt funding issuance costs

-

-

-

-

-

-

-

0

0

0

534

0

0

0

0

18

19

20

26

31

37

53

91

476

0

0

0

Investment transactions with non-controlling interest

-

0

0

0

0

0

639

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution of assets from minority interest

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,454

0

0

0

0

-

-

-

-

-

-

-

-

Payable to minority interest partner for acquired business

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500

0

0

0

0

-

-

-

-

-

-

-

-

Earn out obligation payable to minority interest partner

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,523

-

-

-

-

-

-

-

-

-

-

-

-

Earn out obligation payable to minority interest partner

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

0

0

0

12,800