Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 189

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 189
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 derivative assets and liabilities, deferred revenue and other advances, liabilities on borrowed metals, accounts payable and other payables, precious metals held under financing arrangements, and receivables, net. 

Net Cash Flows From Investing Activities 

Investing activities provided $10.5 million and used $10.7 million in cash for the six months ended December 31, 2024 and 2023, respectively, representing a $21.2 million change compared to the six months ended December 31, 2023. This period over period change was primarily due to higher inflows of $20.5 million associated with the net originations of secured loans in the current period.

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Net Cash Flows From Financing Activities

Financing activities used $3.9 million and provided $101.5 million in cash for the six months ended December 31, 2024 and 2023, respectively, representing a $105.4 million change compared to the six months ended December 31, 2023. This period over period change was primarily due to: (i) a decrease in cash provided of $148.6 million related to our product financing arrangements, (ii) a decrease in cash provided from our net borrowings and repayments of $83.0 million under our Trading Credit Facility, and (iii) an increase of $7.0 million of net repayments of related party notes. These were partially offset by: (i) a reduction of $95.0 million in repayments related to our AMCF Notes, (ii) a decrease in cash paid for dividends of $23.4 million, (iii) a decrease of $11.8 million in cash used to repurchase of our common stock under our share repurchase program, and (iv) an increase in cash provided of $2.6 million related to the exercise and taxes related to share-based awards.

Capital Resources

We believe that our current cash availability under the Trading Credit Facility, product financing arrangements, financing derived from borrowed metals and the cash we anticipate generating from operating activities will provide us with sufficient liquidity to satisfy our working capital needs, capital expenditures, investment requirements, and commitments through at least the next twelve months. 

CONTRACTUAL OBLIGATIONS, CONTINGENT LIABILITIES AND COMMITMENTS

Counterparty Risk

We face counterparty risks in our Wholesale Sales & Ancillary Services segment. We manage these risks by setting credit and position risk limits with our trading counterparties, including gross position limits for counterparties engaged in