Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.20.1
Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]        
Revenues $ 1,258,722,000 $ 1,266,986,000 $ 3,795,326,000 $ 3,932,988,000
Cost of sales 1,236,247,000 1,258,270,000 3,756,380,000 3,907,480,000
Gross profit 22,475,000 8,716,000 38,946,000 25,508,000
Selling, general, and administrative expenses (10,388,000) (8,258,000) (26,528,000) (24,080,000)
Interest income 5,968,000 4,807,000 17,968,000 14,010,000
Interest expense (5,051,000) (4,239,000) (15,274,000) (12,447,000)
Other income, net 463,000 373,000 447,000 1,303,000
Unrealized loss on foreign exchange (45,000) (36,000) (42,000) (54,000)
Net income before provision for income taxes 13,422,000 1,363,000 15,517,000 4,240,000
Income tax expense (1,814,000) (402,000) (2,351,000) (1,143,000)
Net income 11,608,000 961,000 13,166,000 3,097,000
Net income (loss) attributable to non-controlling interests 287,000 (29,000) 483,000 49,000
Net income attributable to the Company $ 11,321,000 $ 990,000 $ 12,683,000 $ 3,048,000
Basic and diluted net income per share attributable to A-Mark Precious Metals, Inc.:        
Basic $ 1.61 $ 0.14 $ 1.80 $ 0.43
Diluted $ 1.61 $ 0.14 $ 1.80 $ 0.43
Weighted average shares outstanding:        
Basic 7,031,400 7,031,400 7,031,400 7,031,400
Diluted 7,042,800 7,084,400 7,063,100 7,087,300