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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]        
Revenues $ 2,610,651 $ 2,317,150 $ 7,174,084 $ 6,167,206
Cost of sales 2,575,813 2,241,652 7,043,800 5,951,147
Gross profit 34,838 75,498 130,284 216,059
Selling, general, and administrative expenses (22,854) (23,841) (67,095) (62,438)
Depreciation and amortization expense (2,949) (3,340) (8,552) (9,784)
Interest income 6,682 6,087 19,095 16,167
Interest expense (9,907) (9,237) (29,898) (22,603)
Earnings (losses) from equity method investments (206) (70) 3,280 7,276
Other income, net 763 641 1,605 2,001
Unrealized gains on foreign exchange 73 35 84 250
Net income before provision for income taxes 6,440 45,773 48,803 146,928
Income tax expense (1,286) (9,775) (10,705) (32,096)
Net income 5,154 35,998 38,098 114,832
Net income attributable to noncontrolling interest 141 78 492 306
Net income attributable to the Company $ 5,013 $ 35,920 $ 37,606 $ 114,526
Basic and diluted net income per share attributable to A-Mark Precious Metals, Inc.:        
Basic $ 0.22 $ 1.53 $ 1.63 $ 4.89
Diluted $ 0.21 $ 1.46 $ 1.56 $ 4.64
Weighted average shares outstanding:        
Basic 22,847,200 23,421,300 23,098,000 23,435,700
Diluted 23,822,800 24,655,400 24,140,500 24,690,900

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

Source