v3.21.1
Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]        
Revenues $ 2,049,489,000 $ 1,258,722,000 $ 5,434,349,000 $ 3,795,326,000
Cost of sales 1,981,318,000 1,236,247,000 5,311,282,000 3,756,380,000
Gross profit 68,171,000 22,475,000 123,067,000 38,946,000
Selling, general, and administrative expenses (14,783,000) (10,388,000) (33,822,000) (26,528,000)
Interest income 4,724,000 5,968,000 13,240,000 17,968,000
Interest expense (5,335,000) (5,051,000) (14,665,000) (15,274,000)
Other income, net 7,750,000 463,000 14,802,000 447,000
Remeasurement gain on pre-existing equity interest 26,306,000   26,306,000  
Unrealized losses on foreign exchange (53,000) (45,000) (131,000) (42,000)
Net income before provision for income taxes 86,780,000 13,422,000 128,797,000 15,517,000
Income tax expense (9,847,000) (1,814,000) (18,944,000) (2,351,000)
Net income 76,933,000 11,608,000 109,853,000 13,166,000
Net income attributable to non-controlling interests 308,000 287,000 1,221,000 483,000
Net income attributable to the Company $ 76,625,000 $ 11,321,000 $ 108,632,000 $ 12,683,000
Basic and diluted net income per share attributable to A-Mark Precious Metals, Inc.:        
Basic $ 9.54 $ 1.61 $ 14.67 $ 1.80
Diluted $ 8.84 $ 1.61 $ 13.61 $ 1.80
Weighted average shares outstanding:        
Basic 8,028,900 7,031,400 7,403,900 7,031,400
Diluted 8,668,300 7,042,800 7,980,700 7,063,100

These figures exclude the impact of the JMB acquisition that closed on March 19, 2021.

Source