U S GLOBAL INVESTORS INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
GROW$2.56-0.6%Stored close · as of Nov 10, 2026
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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three Months Ended September 30, | |||
|---|---|---|---|
| (dollars in thousands) · 2024 · 2023 | |||
| Cash Flows from Operating Activities: | |||
| Net income (loss) | $315 | $(176) | |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation, amortization and accretion | (38) | (38) | |
| Net realized (gains) losses on securities | (203) | 482 | |
| Unrealized (gains) losses on securities | (68) | 522 | |
| Provision for deferred taxes | 67 | (265) | |
| Reserve for uncertain tax positions | 17 | 34 | |
| Allowance for credit losses | (23) | (27) | |
| Changes in operating assets and liabilities: | |||
| Accounts and other receivables | 43 | 291 | |
| Prepaid expenses and other assets | 146 | 172 | |
| Accounts payable and other accrued liabilities | (240) | (111) | |
| Total adjustments | (299) | 1,060 | |
| Net cash provided by (used in) operating activities | 16 | 884 | |
| Cash Flows from Investing Activities: | |||
| Purchase of property and equipment | - | (59) | |
| Proceeds on sale of trading securities at fair value, non-current | - | 800 | |
| Proceeds from principal paydowns of available-for-sale debt securities at fair value | 750 | 750 | |
| Net cash provided by (used in) investing activities | 750 | 1,491 | |
| Cash Flows from Financing Activities: | |||
| Principal payments on financing lease | (8) | (7) | |
| Issuance of common stock | 17 | 17 | |
| Repurchases of common stock | (530) | (611) | |
| Dividends paid | (308) | (326) | |
| Net cash provided by (used in) financing activities | (829) | (927) | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (63) | 1,448 | |
| Beginning cash, cash equivalents, and restricted cash | 28,399 | 26,401 | |
| Ending cash, cash equivalents, and restricted cash | $28,336 | $27,849 | |
| Supplemental Disclosures of Non-Cash Investing and Financing Activities | |||
| Dividends declared but not paid | $309 | $324 | |
| Excise tax liability accrued on stock repurchases | $5 | $6 | |
| Unsettled class A common stock repurchases | $4 | $ | - |
| Supplemental Disclosures of Cash Flow Information | |||
| Cash paid for income taxes | $128 | $ | - |
| Cash paid for interest | $1 | $1 | |
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