A-Mark Precious Metals, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Description of Business (Tables)

Description of Business (Tables)

12 Months Ended

Jun. 30, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

The Company has allocated the purchase price as of the Acquisition Date as follows:

in thousands
Purchase consideration — cash, common stock, and pre-existing equity method investment				$	175,000
Settlement of pre-existing net payables due to A-Mark					32,400
Total purchase consideration					207,400

Assets acquired
Current assets	$	101,700
Operating lease right of use assets		2,700
Property and equipment, net		2,300
Intangibles:
Trade names		43,000
Developed Technology		10,500
Customer Relationships		44,500
Liabilities assumed
Current Liabilities ⁽¹⁾		(65,600	)
Deferred tax liabilities⁽²⁾		(21,100	)
Other liabilities ⁽¹⁾		(2,700	)
					115,300

Goodwill				$	92,100

(1) In aggregate includes $3.0 million of operating lease liabilities.
(2) Includes $20.8 million relating to the excess fair value of intangibles other than goodwill over their historical cost basis.

Schedule of Pro Forma Consolidated Results of Operations

The following pro forma consolidated results of operations for the years ended June 30, 2021 and 2020, assumes that the acquisition of JMB occurred as of July 1, 2019.

in thousands, except for per share and share data	Years Ended
	June 30, 2021		June 30, 2020
Revenue	$	8,152,982	$	5,746,116
Net income	$	180,508	$	53,964