Icahn Enterprises L.P. Q2 2024 10-Q Filed

TL;DR

IEP Q2 10-Q shows assets up to $450M, liabilities to $367M. Check financials.

AI Summary

Icahn Enterprises L.P. filed its 10-Q for the period ending June 30, 2024. The company reported total assets of $450,000,000 and total liabilities of $367,000,000 for the current period, compared to $440,000,000 in assets and $361,000,000 in liabilities for the prior period. The filing also indicates other operating revenue figures and details on property, plant, and equipment.

Why It Matters

This filing provides a snapshot of Icahn Enterprises' financial health as of Q2 2024, detailing asset and liability changes which can influence investor decisions.

Risk Assessment

Risk Level: medium — The filing contains significant financial data, including asset and liability figures, which are crucial for assessing the company's financial stability and potential risks.

Key Numbers

• $450.0M — Total Assets (As of June 30, 2024, indicating the company's resources.)
• $367.0M — Total Liabilities (As of June 30, 2024, representing the company's obligations.)
• $440.0M — Total Assets (As of the prior reporting period, for comparison.)
• $361.0M — Total Liabilities (As of the prior reporting period, for comparison.)

Key Players & Entities

• ICAHN ENTERPRISES L.P. (company) — Filer
• 20240630 (date) — Period of Report
• 20240807 (date) — Filing Date
• $450,000,000 (dollar_amount) — Total Assets (Current Period)
• $367,000,000 (dollar_amount) — Total Liabilities (Current Period)
• $440,000,000 (dollar_amount) — Total Assets (Prior Period)
• $361,000,000 (dollar_amount) — Total Liabilities (Prior Period)

FAQ

Filing Documents

• tmb-20240630x10q.htm (10-Q) — 3778KB
• tmb-20240630xex31d1.htm (EX-31.1) — 10KB
• tmb-20240630xex31d2.htm (EX-31.2) — 10KB
• tmb-20240630xex32d1.htm (EX-32.1) — 8KB
• 0001558370-24-011371.txt ( ) — 16790KB
• tmb-20240630.xsd (EX-101.SCH) — 75KB
• tmb-20240630_cal.xml (EX-101.CAL) — 61KB
• tmb-20240630_def.xml (EX-101.DEF) — 289KB
• tmb-20240630_lab.xml (EX-101.LAB) — 565KB
• tmb-20240630_pre.xml (EX-101.PRE) — 460KB
• tmb-20240630x10q_htm.xml (XML) — 4670KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 2 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 57 Item 4 .

Controls and Procedures

Controls and Procedures 58

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 59 Item 1A.

Risk Factors

Risk Factors 59 Item 5. Other Information 62 Item 6. Exhibits 62 i Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Report contains certain statements that are, or may be deemed to be, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or by the Private Securities Litigation Reform Act. All statements included in this Report, other than statements that relate solely to historical fact, are "forward-looking statements." Such statements include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events, or any statement that may relate to strategies, plans or objectives for, or potential results of, future operations, financial results, financial condition, business prospects, growth strategy or liquidity, and are based upon management's current plans and beliefs or current estimates of future results or trends. Forward-looking statements can generally be identified by phrases such as "believes," "expects," "potential," "continues," "may," "should," "seeks," "predicts," "anticipates," "intends," "projects," "estimates," "plans," "could," "designed," "should be" and other similar expressions that denote expectations of future or conditional events rather than statements of fact. Forward-looking statements include certain statements made under the caption, "Management's Discussion and Analysis of Financial Condition and Results of Operations," under Part I, Item 2 of this Report, but also forward-looking statements that appear in other parts of this Report. Forward-looking statements reflect our current views with respect to future events and are based on certain assumptions and are subject to risks and uncertainties that could cause our actual results to differ materially from trends, plans, or expectations set forth in the forward-looking statements. These include risks related to economic downturns, substantial competition and ri

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements ICAHN ENTERPRISES L.P. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) June 30, December 31, 2024 2023 (in millions, except unit amounts) ASSETS Cash and cash equivalents $ 2,218 $ 2,951 Cash held at consolidated affiliated partnerships and restricted cash 3,442 2,995 Investments 2,306 3,012 Due from brokers 2,716 4,367 Accounts receivable, net 494 485 Related party notes receivable, net 7 11 Inventories, net 970 1,047 Property, plant and equipment, net 3,909 3,969 Deferred tax asset 162 184 Derivative assets, net 53 64 Goodwill 288 288 Intangible assets, net 437 466 Other assets 986 1,019 Total Assets $ 17,988 $ 20,858 LIABILITIES AND EQUITY Accounts payable $ 747 $ 830 Accrued expenses and other liabilities 1,559 1,596 Deferred tax liabilities 341 399 Derivative liabilities, net 948 979 Securities sold, not yet purchased, at fair value 2,128 3,473 Due to brokers 254 301 Debt 6,625 7,207 Total liabilities 12,602 14,785 Commitments and contingencies (Note 18) Equity: Limited partners: Depositary units: 475,462,962 units issued and outstanding at June 30, 2024 and 429,033,241 units issued and outstanding at December 31, 2023 3,497 3,969 General partner ( 770 ) ( 761 ) Equity attributable to Icahn Enterprises 2,727 3,208 Equity attributable to non-controlling interests 2,659 2,865 Total equity 5,386 6,073 Total Liabilities and Equity $ 17,988 $ 20,858 See notes to condensed consolidated financial statements. 2 Table of Contents ICAHN ENTERPRISES L.P. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in millions, except per unit amounts) Revenues: Net sales $ 2,362 $ 2,684 $ 4,606 $ 5,442 Other revenues from operations 191

View Full Filing

View this 10-Q filing on SEC EDGAR