Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (unaudited)

v3.22.4
Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]        
Revenues $ 1,949,705 $ 1,946,364 $ 3,850,056 $ 3,960,335
Cost of sales 1,885,736 1,880,441 3,709,495 3,838,403
Gross profit 63,969 65,923 140,561 121,932
Selling, general, and administrative expenses (20,813) (18,713) (38,597) (35,390)
Depreciation and amortization expense (3,260) (8,258) (6,444) (16,529)
Interest income 4,984 5,251 10,080 10,782
Interest expense (7,236) (5,395) (13,366) (10,868)
Earnings from equity method investments 4,669 1,220 7,346 2,709
Other income, net 833 433 1,360 842
Unrealized gains on foreign exchange 1 231 215 7
Net income before provision for income taxes 43,147 40,692 101,155 73,485
Income tax expense (9,550) (8,753) (22,321) (15,422)
Net income 33,597 31,939 78,834 58,063
Net income attributable to noncontrolling interest 116 145 228 245
Net income attributable to the Company $ 33,481 $ 31,794 $ 78,606 $ 57,818
Basic and diluted net income per share attributable to A-Mark Precious Metals, Inc.:        
Basic $ 1.43 $ 1.40 $ 3.35 $ 2.55
Diluted $ 1.35 $ 1.30 $ 3.18 $ 2.39
Weighted average shares outstanding:        
Basic 23,489,000 22,756,800 23,442,700 22,641,000
Diluted 24,731,600 24,384,200 24,708,400 24,201,400