v3.22.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Revenues $ 2,109,115 $ 2,049,489 $ 6,069,450 $ 5,434,349
Cost of sales 2,037,032 1,981,318 5,875,435 5,311,282
Gross profit 72,083 68,171 194,015 123,067
Selling, general, and administrative expenses (20,494) (13,295) (55,884) (31,328)
Depreciation and amortization expense (7,548) (1,488) (24,077) (2,494)
Interest income 5,343 4,724 16,125 13,240
Interest expense (5,429) (5,335) (16,297) (14,665)
Earnings from equity method investments 1,608 7,410 4,317 13,898
Other income, net 493 340 1,335 904
Remeasurement gain on pre-existing equity interest 26,306 26,306
Unrealized losses on foreign exchange (135) (53) (128) (131)
Net income before provision for income taxes 45,921 86,780 119,406 128,797
Income tax expense (8,375) (9,847) (23,797) (18,944)
Net income 37,546 76,933 95,609 109,853
Net income attributable to noncontrolling interests 164 308 409 1,221
Net income attributable to the Company $ 37,382 $ 76,625 $ 95,200 $ 108,632
Basic and diluted net income per share attributable to A-Mark Precious Metals, Inc.:        
Basic $ 3.27 $ 9.54 $ 8.38 $ 14.67
Diluted $ 3.06 $ 8.84 $ 7.84 $ 13.61
Weighted average shares outstanding:        
Basic 11,429,800 8,028,900 11,356,400 7,403,900
Diluted 12,212,900 8,668,300 12,137,600 7,980,700

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

Source