10-Q quarterly report · filed May 7, 2015

Icahn Enterprises L.p (IEP) Q1 2015 10-Q Quarterly Report

Short answer

Icahn Enterprises L.p (IEP) filed its Q1 2015 10-Q quarterly report on May 7, 2015 for the quarter ended Mar 31, 2015.

Icahn Enterprises L.p Q1 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $4.511B, down $479M from $4.990B YoY
  • Investment best performer: $184M income vs $5M YoY, fund return 4.3% vs -0.4%
  • Energy petroleum revenue $1.3B vs $2.4B, refining margin $13.68 vs $17.17 per barrel
  • Automotive gross margin 14% vs 15% YoY, Railcar manufacturing margin 24% vs 26%
  • Cash $2.868B, operating cash used $186M, investing cash used $573M
  • Capital deployment: $305M TRW acquisition, $162M Railcar capital expenditures, $521M Automotive rights-offering proceeds
  • Near-term headwinds: stronger U.S. dollar, lower refining prices, uncertain energy railcar demand, pending regulations

Risk Factors

  • No new risk-factor language provided, Item 1A contains no substantive disclosures
  • Energy market risk: oil-price volatility drove a $103 million fertilizer goodwill impairment in 2014
  • Derivatives exposure: written put-option maximum payouts increased to $6.5 billion from $2.5 billion
  • Near-term operating risk: Federal-Mogul deferred its Motorparts spin-off pending acquisition integration
  • Financial risk: total debt rose to $12.1 billion, including $125 million maturing in April 2016

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

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