v3.25.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 12,557 $ 14,392
Adjustments to reconcile net (loss) income to net cash flows from operating activities:    
Depreciation and amortization 15,221 9,348
Amortization of loan cost 2,763 1,680
Share-based compensation 838 627
Losses (earnings) from equity method investments (101) 1,832
Other 153 (206)
Changes in assets and liabilities:    
Receivables, net (424,214) 2,449
Secured loans made to affiliates 0 17
Derivative assets (813,146) 21,880
Income tax receivable (2,940) (3,065)
Precious metals held under financing arrangements 0 2,646
Inventories (256,204) (97,052)
Prepaid expenses and other assets (4,195) (309)
Account payable and other payables 65,600 (3,941)
Deferred revenue and other advances 1,274,983 54,870
Derivative liabilities 242,046 (20,942)
Liabilities on borrowed metals 39,555 1,895
Accrued liabilities (121) (3,579)
Net cash provided by (used in) operating activities 152,795 (17,458)
Cash flows from investing activities:    
Capital expenditures for property, plant, and equipment (5,972) (4,308)
Purchase of long-term investments (6,400) 0
Purchase of intangible assets 0 (100)
Secured loans receivable, net (26,303) 14,599
Purchase of marketable securities 0 (2,550)
Proceeds from sale of marketable securities 0 2,835
Other (881) 23
Net cash (used in) provided by investing activities (39,556) 10,499
Cash flows from financing activities:    
Product financing arrangements, net 19,860 34,193
Dividends paid (9,926) (9,275)
Borrowings under lines of credit 1,443,000 971,000
Repayments under lines of credit (1,488,000) (991,000)
Repayments on notes payable to related party 0 (4,347)
Debt funding issuance costs (2,641) (2,641)
Proceeds from the exercise of share-based awards 1,844 3,281
Other (3,067) 0
Net cash used in financing activities (38,930) (3,909)
Net (decrease) increase in cash 74,309 (10,868)
Cash, beginning of period 77,741 48,636
Cash, end of period 152,050 37,768
Supplemental disclosures of cash flow information:    
Interest paid 25,167 19,830
Income taxes paid 5,920 7,119
Income taxes refunded 58 227
Non-cash investing and financing activities:    
Declared distributions and unpaid dividends 31 (11)
Property, plant, and equipment acquired on account 27 1,132
Addition of right of use assets under lease obligations 345 0
Nonrelated Party    
Cash flows from financing activities:    
Repurchases of common stock 0 (901)
Related Party    
Cash flows from financing activities:    
Repurchases of common stock $ 0 $ (4,219)

Source

10-Q XBRL Zip