A-mark precious metals, inc. (AMRK)
CashFlow / TTM
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

-

0

1,131

-

-

-1,669

-2,429

-3,419

789

2,771

5,569

7,064

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,532

7,051

6,034

6,445

7,031

8,259

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation and amortization

2,936

2,743

2,778

2,807

2,720

2,712

2,794

2,626

2,395

2,126

1,729

1,521

1,425

1,317

1,234

1,216

1,128

1,046

970

895

931

946

942

934

0

0

0

Amortization of loan cost

1,477

1,380

1,334

1,192

1,262

1,410

1,441

1,463

1,364

1,109

921

892

787

582

408

204

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

-1,970

-522

-346

-707

-1,303

-959

4,145

-89

5,360

7,650

7,961

10,780

3,504

-1,606

-6,962

-6,695

-3,924

-6,348

-238

1,363

0

0

0

-

-

-

-

Interest added to principal of secured loans

18

19

19

19

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest added to principal of secured loans

-

-

-

-

-

-

-

-

-

-

66

68

68

71

74

83

96

114

147

212

657

620

567

476

0

0

0

Share-based compensation

889

953

990

1,096

1,013

1,006

1,027

1,191

1,341

1,314

1,241

996

870

732

557

419

297

238

244

253

264

241

219

194

0

0

0

Earnings from equity method investments

656

753

961

1,198

1,077

801

612

421

299

194

165

94

161

274

275

701

0

0

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Receivables

81,027

1,322

-33,720

-8,992

-25,124

-15,732

15,640

-4,044

-2,649

-43,573

20,341

-4,007

16,935

59,388

-26,502

13,277

-29,904

-42,773

-11,417

-9,354

0

0

0

-

-

-

-

Receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,282

0

0

0

Secured loans receivable

-3,450

-1,564

-146

1,304

1,675

63

-555

-385

-27,241

-34

-11,950

-8,765

16,222

-10,426

-743

-4,345

-1,286

-1,879

2,389

737

0

0

0

-

-

-

-

Secured loans made to affiliates

3,227

-8,031

3,205

1,535

-836

15,479

3,484

12,523

1,387

-1,321

2,214

-1,370

6,601

1,941

-710

1,369

-661

-4,420

710

-2,562

0

0

0

-

-

-

-

Derivative assets

46,838

3,758

16,840

-4,967

-1,392

202

-17,620

-11,017

2,172

-39,003

-9,274

-16,145

-6,448

22,454

18,149

22,368

4,696

-989

-35,584

-10,820

0

0

0

-

-

-

-

Income taxes receivable

-103

-61

-61

-80

20

864

-4,320

1,553

274

-766

-2,460

-7,318

-7,598

-5,553

2,317

-528

3,202

6,785

6,024

7,846

0

0

0

-

-

-

-

Precious metals held under financing arrangements

-25,617

-29,933

-31,667

-53,774

212,622

226,905

232,476

262,566

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

146,710

-13,354

82,393

12,745

-232,860

-58,812

-21,641

-16,946

141,345

31,771

1,428

39,602

71,558

51,144

43,109

53,556

87,401

16,008

95,266

15,947

-7,229

63,742

-16,126

13,176

0

0

0

Prepaid expenses and other assets

540

1,017

477

668

-104

357

1,185

1,779

2,474

1,139

1,017

572

473

1,206

990

505

-819

-10

346

589

1,542

-210

-1

126

0

0

0

Accounts payable

-

0

24,412

-

-

-12,547

15,800

2,221

5,386

-8,387

-18,011

-4,822

1,313

9,786

-17,124

-3,870

-31,988

10,481

28,039

5,995

47,562

-6,250

35,111

-8,584

0

0

0

Derivative liabilities

37,424

-16,256

-29,284

-10,486

-16,064

-2,116

11,985

-14,125

2,326

-46,938

10,470

-1,872

4,772

54,428

626

18,557

-1,432

-15,259

-41,569

-14,885

0

0

0

-

-

-

-

Liabilities on borrowed metals

32,046

34,428

30,460

79,202

32,644

-207,791

-212,188

-265,772

-227,908

-7,106

-1,865

-1,273

-864

763

-187

5,148

922

1,450

7,989

-791

2,125

5,542

1,310

11,408

0

0

0

Accrued liabilities

5,001

503

913

1,137

-217

-114

-26

-2,381

-2,254

-1,732

-2,283

-2,923

-942

-1,236

-105

2,594

2,125

2,177

307

-740

-1,429

-1,569

-1,421

-531

0

0

0

Earn-out payment related to acquisition of joint venture

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Receivable from/payables to Former Parent

-

-

-

-

-

-

-

-

-

-

-

203

-510

-510

1,095

892

0

0

0

-

-

-

-

-12,659

0

0

0

Income taxes payable

-

-

-

-

-

-

-

-1,418

-6,038

-5,745

0

1,418

0

0

0

-

-

-

-

-2,178

0

0

384

2,178

0

0

0

Net cash (used in) provided by operating activities

-48,667

18,743

-66,714

-14,533

13,679

29,403

31,669

7,646

109,386

-5,045

-8,235

-9,781

-80,005

-41,870

-37,528

-56,156

-74,870

45,188

-64,820

-4,691

10,493

-98,435

-107

-16,745

0

0

0

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

886

807

505

490

786

1,038

1,121

1,317

1,154

1,738

2,247

2,265

2,286

1,836

1,613

1,466

2,809

2,282

1,920

1,784

377

823

868

1,011

0

0

0

Purchase of long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

1,111

1,611

1,611

500

0

0

0

Secured loans receivable, net

-61,421

57,161

65,504

12,015

891

-7,785

-9,947

7,000

42,612

17,324

15,759

30,801

4,958

31,645

33,094

24,081

20,419

21,329

9,214

9,668

0

0

0

-

-

-

-

Other loans originated

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of subsidiary, net of cash

-

-

-

-

-

-

-

9,515

9,548

9,548

9,548

3,421

3,421

3,421

3,421

0

0

0

0

-

-

-

-

-

-

-

-

Secured loans acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Principal collections on secured loans acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) investing activities

56,885

-62,418

-71,309

-14,805

-3,944

5,280

8,859

-17,832

-53,314

-28,610

-27,554

-36,487

-10,665

-39,238

-42,800

-30,219

-28,729

-26,776

-11,963

-13,392

-10,995

-4,370

-8,059

-5,632

0

0

0

Cash flows from financing activities:
Product financing arrangements, net

-

0

106,004

-

-

-37,748

-71,739

-21,403

-59,080

-1,305

7,076

75,985

63,282

70,962

67,759

19,933

45,054

-30,156

29,417

14,815

-1,570

55,154

-24,843

-13,944

0

0

0

Dividends

-

-

-

-

-

-

-

1,687

2,250

2,250

2,672

2,110

2,036

1,963

1,326

1,675

1,534

1,394

1,047

698

349

5,000

5,000

10,000

0

0

0

Borrowings and repayments under lines of credit, net

26,000

41,000

25,000

-33,000

-61,000

-75,000

-40,000

20,000

-3,000

29,000

16,000

-32,000

23,000

22,500

26,100

65,000

57,200

11,500

48,900

11,800

13,000

45,000

28,300

40,200

0

0

0

Proceeds from issuance of debt obligation payable to related party

-

-

-

-

-

-

-

-

-

-

7,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on notes payable to related party

-

-

-

-

-

-

-

500

500

500

500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of notes payable

-

5,000

5,000

95,000

82,500

82,500

90,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock award grant

-

-

-

-

-

-

-

-

-

-

-

172

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Debt funding issuance costs

747

50

834

3,798

3,999

4,053

3,307

492

241

187

149

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Release of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

82,536

43,403

127,770

31,367

-9,927

-34,864

-26,171

3,418

-57,571

32,396

27,393

42,185

84,138

91,003

92,037

82,590

100,370

-20,150

77,170

25,817

8,830

92,903

-3,794

14,005

0

0

0

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

90,754

-272

-10,253

2,029

-192

-181

14,357

-6,768

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents, and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

9,895

11,709

-3,785

-3,229

-1,738

387

7,734

8,328

-9,902

-11,960

-8,372

0

0

0

Supplemental disclosures of cash flow information:
Interest

17,637

19,913

17,719

15,509

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

9,848

9,448

8,479

7,718

6,465

6,143

5,100

4,815

4,272

4,141

4,248

3,776

4,137

3,908

0

0

0

Income taxes

136

180

163

177

206

177

216

3,038

11,865

14,417

14,436

11,874

2,951

401

456

149

1,283

2,749

10,311

12,883

11,751

13,989

7,439

7,667

0

0

0

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

18

19

19

19

23

29

38

48

59

63

66

68

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Debt funding issuance costs

-

-

-

-

-

-

-

534

534

534

534

0

18

37

57

83

96

114

147

212

657

620

567

476

0

0

0

Investment transactions with non-controlling interest

-

0

0

639

639

639

639

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution of assets from minority interest

-

-

-

-

-

-

-

-

-

-

-

3,454

3,454

3,454

3,454

0

0

0

0

-

-

-

-

-

-

-

-

Payable to minority interest partner for acquired business

-

-

-

-

-

-

-

-

-

-

-

500

500

500

500

0

0

0

0

-

-

-

-

-

-

-

-

Earn out obligation payable to minority interest partner

-

-

-

-

-

-

-

-

-

-

-

1,523

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Earn out obligation payable to minority interest partner

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

12,800

0

0

0