Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.24.0.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]        
Revenues $ 2,078,815 $ 1,949,705 $ 4,563,433 $ 3,850,056
Cost of sales 2,032,774 1,885,736 4,467,987 3,709,495
Gross profit 46,041 63,969 95,446 140,561
Selling, general, and administrative expenses (22,396) (20,813) (44,241) (38,597)
Depreciation and amortization expense (2,811) (3,260) (5,603) (6,444)
Interest income 6,311 4,984 12,413 10,080
Interest expense (10,168) (7,236) (19,991) (13,366)
Earnings from equity method investments 777 4,669 3,486 7,346
Other income, net 569 833 842 1,360
Unrealized gains on foreign exchange 105 1 11 215
Net income before provision for income taxes 18,428 43,147 42,363 101,155
Income tax expense (4,467) (9,550) (9,419) (22,321)
Net income 13,961 33,597 32,944 78,834
Net income attributable to noncontrolling interest 195 116 351 228
Net income attributable to the Company $ 13,766 $ 33,481 $ 32,593 $ 78,606
Basic and diluted net income per share attributable to A-Mark Precious Metals, Inc.:        
Basic $ 0.6 $ 1.43 $ 1.4 $ 3.35
Diluted $ 0.57 $ 1.35 $ 1.34 $ 3.18
Weighted average shares outstanding:        
Basic 23,079,500 23,489,000 23,222,100 23,442,700
Diluted 24,063,500 24,731,600 24,298,100 24,708,400