v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 76,594 $ 5,684
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 24,637 14,344
Amortization of loan cost 3,891 2,846
Share-based compensation 1,343 976
Remeasurement loss on pre-existing equity interests 0 7,043
Losses (earnings) from equity method investments (2,354) 2,054
Other (1,842) (1,790)
Changes in assets and liabilities:    
Receivables, net (20,632) (55,625)
Secured loans made to affiliates 0 16
Derivative assets (286,696) 23,121
Income tax receivable 2,816 (5,335)
Inventories (615,471) (76,234)
Prepaid expenses and other assets (11,795) (3,622)
Account payable and other payables 61,671 (2,262)
Deferred revenue and other advances 966,756 106,588
Derivative liabilities (49,011) 59,410
Liabilities on borrowed metals 108,443 12,231
Accrued liabilities (105,320) (4,064)
Net cash provided by operating activities 153,030 85,381
Cash flows from investing activities:    
Capital expenditures for property, plant, and equipment (9,208) (6,780)
Acquisition of businesses, net of cash acquired (15,169) (64,823)
Purchase of long-term investments (6,400) 0
Purchase of intangible assets 0 (100)
Secured loans receivable, net (31,987) 26,555
Purchase of marketable securities 0 (2,549)
Proceeds from sale of marketable securities 0 4,213
Other (881) 23
Net cash used in investing activities (63,645) (43,461)
Cash flows from financing activities:    
Product financing arrangements, net 124,999 (12,936)
Dividends paid (15,602) (13,883)
Borrowings under lines of credit 2,992,500 1,483,000
Repayments under lines of credit (3,239,500) (1,418,000)
Repayments on notes payable to related party 0 (8,367)
Net proceeds from the issuance of common stock 117,624 0
Debt funding issuance costs (2,641) (4,186)
Proceeds from the exercise of share-based awards 3,547 3,281
Payments for tax withholding related to net settlement of share-based awards (342) 0
Other (4,104) 0
Net cash (used in) provided by financing activities (23,519) 23,789
Net increase in cash 65,866 65,709
Cash, beginning of period 77,741 48,636
Cash, end of period 143,607 114,345
Supplemental disclosures of cash flow information:    
Interest paid 40,208 31,341
Income taxes paid 17,951 9,819
Income taxes refunded 137 270
Non-cash investing and financing activities:    
Property, plant, and equipment acquired on account 231 979
Common stock issued for acquisitions 19,208 43,618
Loss on reissuance of treasury stock 0 1,256
Addition of right of use assets under lease obligations 345 0
Contingent consideration payable for acquisition of business 5,200 700
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)