U S GLOBAL INVESTORS INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 8, 2024
GROW$2.56-0.6%Stored close · as of Nov 10, 2026
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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Six Months Ended December 31, | ||||
|---|---|---|---|---|
| (dollars in thousands) · 2023 · 2022 | ||||
| Cash Flows from Operating Activities: | ||||
| Net income (loss) | $1,053 | $900 | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||
| Depreciation, amortization and accretion | (65) | (144) | ||
| Net recognized (gain) loss on disposal of fixed assets | - | 3 | ||
| Net realized (gains) losses on securities | 101 | (905) | ||
| Unrealized (gains) losses on securities | 181 | 2,842 | ||
| Provision for deferred taxes | (45) | (274) | ||
| Allowance for credit losses | (55) | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts and other receivables | 213 | 448 | ||
| Prepaid expenses and other assets | 267 | (202) | ||
| Accounts payable and other accrued liabilities | (740) | (1,540) | ||
| Total adjustments | (143) | 228 | ||
| Net cash provided by (used in) operating activities | 910 | 1,128 | ||
| Cash Flows from Investing Activities: | ||||
| Purchase of property and equipment | (111) | (14) | ||
| Purchase of trading securities at fair value, non-current | (215) | - | ||
| Purchase of other investments | - | (477) | ||
| Proceeds on sale of trading securities at fair value, current | 1,600 | - | ||
| Proceeds on sale of trading securities at fair value, non-current | 181 | - | ||
| Proceeds from principal paydowns of available-for-sale debt securities at fair value | 1,500 | 1,500 | ||
| Return of capital on other investments | - | 5 | ||
| Net cash provided by (used in) investing activities | 2,955 | 1,014 | ||
| Cash Flows from Financing Activities: | ||||
| Principal payments on financing lease | (15) | (13) | ||
| Issuance of common stock | 34 | 27 | ||
| Repurchases of common stock | (1,171) | (382) | ||
| Dividends paid | (648) | (672) | ||
| Net cash provided by (used in) financing activities | (1,800) | (1,040) | ||
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 2,065 | 1,102 | ||
| Beginning cash, cash equivalents, and restricted cash | 26,401 | 23,314 | ||
| Ending cash, cash equivalents, and restricted cash | $28,466 | $24,416 | ||
| Supplemental Disclosures of Non-Cash Investing and Financing Activities | ||||
| Dividends declared but not paid | $322 | $335 | ||
| Excise tax liability accrued on stock repurchases | $12 | $ | - | |
| Unsettled sales of non-current trading securities | $181 | $ | - | |
| Unsettled class A common stock repurchases | $40 | $4 | ||
| Supplemental Disclosures of Cash Flow Information | ||||
| Cash paid for income taxes | $ | - | $470 | |
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