Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]        
Revenues $ 1,946,364 $ 1,518,744 $ 3,960,335 $ 3,384,860
Cost of sales 1,880,441 1,499,993 3,838,403 3,329,964
Gross profit 65,923 18,751 121,932 54,896
Selling, general, and administrative expenses (18,713) (8,528) (35,390) (18,033)
Depreciation and amortization expense (8,258) (505) (16,529) (1,006)
Interest income 5,251 4,533 10,782 8,516
Interest expense (5,395) (5,037) (10,868) (9,330)
Earnings from equity method investments 1,220 2,362 2,709 6,488
Other income, net 433 205 842 564
Unrealized gains (losses) on foreign exchange 231 19 7 (78)
Net income before provision for income taxes 40,692 11,800 73,485 42,017
Income tax expense (8,753) (2,586) (15,422) (9,097)
Net income 31,939 9,214 58,063 32,920
Net income attributable to noncontrolling interests 145 289 245 912
Net income attributable to the Company $ 31,794 $ 8,925 $ 57,818 $ 32,008
Basic and diluted net income per share attributable to A-Mark Precious Metals, Inc.:        
Basic $ 2.79 $ 1.26 $ 5.11 $ 4.53
Diluted $ 2.61 $ 1.16 $ 4.78 $ 4.21
Weighted average shares outstanding:        
Basic 11,378,400 7,063,000 11,320,500 7,064,800
Diluted 12,192,100 7,713,300 12,100,700 7,610,400