Icahn Enterprises L.P. Files Q3 2024 10-Q

TL;DR

Icahn Enterprises L.P. Q3 2024 10-Q filed. Financials updated.

AI Summary

Icahn Enterprises L.P. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including assets, liabilities, and revenues. Specific financial figures and operational details are provided within the report.

Why It Matters

This filing provides investors and analysts with the latest financial data for Icahn Enterprises L.P., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company's diverse holdings and potential for significant transactions introduce inherent risks.

Key Numbers

• N/A — Total Assets (Specific asset values are not detailed in the provided header information.)
• N/A — Total Liabilities (Specific liability values are not detailed in the provided header information.)
• N/A — Revenue (Specific revenue figures are not detailed in the provided header information.)

Key Players & Entities

• ICAHN ENTERPRISES L.P. (company) — Filer
• 20240930 (date) — Period of Report
• 20241108 (date) — Filing Date
• AMERICAN REAL ESTATE PARTNERS L P (company) — Former Company Name

FAQ

Filing Documents

• tmb-20240930x10q.htm (10-Q) — 3962KB
• tmb-20240930xex31d1.htm (EX-31.1) — 10KB
• tmb-20240930xex31d2.htm (EX-31.2) — 10KB
• tmb-20240930xex32d1.htm (EX-32.1) — 8KB
• 0001558370-24-015065.txt ( ) — 17327KB
• tmb-20240930.xsd (EX-101.SCH) — 76KB
• tmb-20240930_cal.xml (EX-101.CAL) — 60KB
• tmb-20240930_def.xml (EX-101.DEF) — 298KB
• tmb-20240930_lab.xml (EX-101.LAB) — 581KB
• tmb-20240930_pre.xml (EX-101.PRE) — 474KB
• tmb-20240930x10q_htm.xml (XML) — 4787KB

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 39 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 59 Item 4 .

Controls and Procedures

Controls and Procedures 60

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 61 Item 1A.

Risk Factors

Risk Factors 61 Item 2. Unregistered Sales of Equity Securities and Use or Proceeds 65 Item 5. Other Information 65 Item 6. Exhibits 65 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, market conditions, and IEP's potential tender offer for CVI, 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

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements ICAHN ENTERPRISES L.P. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) September 30, December 31, 2024 2023 (in millions, except unit amounts) ASSETS Cash and cash equivalents $ 2,294 $ 2,951 Cash held at consolidated affiliated partnerships and restricted cash 2,440 2,995 Investments 2,585 3,012 Due from brokers 2,976 4,367 Accounts receivable, net 476 485 Related party notes receivable, net 7 11 Inventories, net 883 1,047 Property, plant and equipment, net 3,865 3,969 Deferred tax asset 168 184 Derivative assets, net 43 64 Goodwill 289 288 Intangible assets, net 423 466 Other assets 994 1,019 Total Assets $ 17,443 $ 20,858 LIABILITIES AND EQUITY Accounts payable $ 679 $ 830 Accrued expenses and other liabilities 1,660 1,596 Deferred tax liabilities 369 399 Derivative liabilities, net 685 979 Securities sold, not yet purchased, at fair value 2,679 3,473 Due to brokers 97 301 Debt 6,447 7,207 Total liabilities 12,616 14,785 Commitments and contingencies (Note 18) Equity: Limited partners: Depositary units: 504,003,429 units issued and outstanding at September 30, 2024 and 429,033,241 units issued and outstanding at December 31, 2023 3,417 3,969 General partner ( 772 ) ( 761 ) Equity attributable to Icahn Enterprises 2,645 3,208 Equity attributable to non-controlling interests 2,182 2,865 Total equity 4,827 6,073 Total Liabilities and Equity $ 17,443 $ 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in millions, except per unit amounts) Revenues: Net sales $ 2,221 $ 2,991 $ 6,827 $ 8,433 Other revenues f

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View this 10-Q filing on SEC EDGAR