10-Q quarterly report · filed Nov 4, 2014

Icahn Enterprises L.p (IEP) Q3 2014 10-Q Quarterly Report

Short answer

Icahn Enterprises L.p (IEP) filed its Q3 2014 10-Q quarterly report on Nov 4, 2014 for the quarter ended Sep 30, 2014.

Icahn Enterprises L.p Q3 2014 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $4.422B, down $1.349B, 23% YoY, driven by Investment losses versus prior-year gains
  • Investment worst performer: loss attributable to Icahn Enterprises $270M vs $529M income, fund return -5.3% vs 18.4%
  • Automotive gross margin 14% vs 15% YoY, while Railcar manufacturing margin 28% vs 21%
  • Cash used in operations $619M and investing $1.585B, offset by $2.013B financing inflows
  • Near-term outlook: strong hopper and tank railcar demand, with refining margins pressured by lower gasoline and distillate prices

Risk Factors

  • No standalone “Risk Factors” text provided, so new or changed factors cannot be verified against the 2013 10-K
  • Investment losses: third-quarter trading losses $(869) million on securities still held
  • Regulatory risk: Federal-Mogul’s planned Motorparts separation requires regulatory approvals and may not close in the first half of 2015
  • Market risk: Federal-Mogul derives approximately 72% of net sales outside the United States
  • Financial risk: consolidated debt increased to $11.5 billion from $9.3 billion at December 31, 2013

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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