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SUPPLEMENTAL PRO FORMA INFORMATION

9 Months Ended

Jun. 30, 2022

9. SUPPLEMENTAL PRO FORMA INFORMATION

Prior to May 2022, the Company held a minority interest in Team Sledd, and accounted for its ownership interest as an equity method investment. At the Control Date in May 2022, the Company’s equity method investment in Team Sledd became a controlling interest with the Company holding an equity interest in Team Sledd of approximately 56% at June 2022.

Team Sledd’s summarized unaudited financial data prior to the Control Date for the three and nine months ended June 2022 and June 2021 was as follows:


	For the three months ended June 2022		For the three months ended June 2021		For the nine months ended June 2022		For the nine months ended June 2021
Sales	$	64,123,105	$	179,676,748	$	393,606,372	$	502,704,216
Gross profit		3,721,966		9,711,966		21,759,753		25,279,274
Net income before income taxes		828,775		2,034,258		4,498,190		3,979,078
Net income attributable to AMCON, net of tax		307,973		754,293		1,670,133		1,403,124

The following table presents unaudited supplemental pro forma information for Team Sledd from the Control Date through June 2022, which is included in the Company’s consolidated results for the three and nine months ended June 2022.


Revenue	$	108,674,587
Net income available to common shareholders	$	1,340,811

The following table presents unaudited supplemental pro forma information assuming the Company acquired a 56% interest in Team Sledd on October 1, 2020. These pro forma amounts do not purport to be indicative of the actual results that would have been obtained had the acquisition occurred at that time.


	For the three months ended June 2022		For the three months ended June 2021		For the nine months ended June 2022		For the nine months ended June 2021
Revenue	$	614,707,257	$	617,672,972	$	1,758,649,994	$	1,724,275,510
Net income available to common shareholders	$	6,022,099	$	3,789,960	$	12,205,185	$	9,462,698