Icahn Enterprises L.p (IEP) Q2 2016 10-Q Quarterly Earnings

Short answer

Icahn Enterprises L.p (IEP) filed its Q2 2016 10-Q quarterly report on Aug 4, 2016 for the quarter ended Jun 30, 2016.

AI summary of MD&A and risk factor updates

Revenue $4.35B, down $634M from $4.984B YoY
Net loss $285M vs $69M net income YoY, effective tax rate (21.3)% vs 17.3%
Automotive strongest segment: revenue $2.614B, up $570M YoY, gross margin 20% vs 15%
Investment weakest segment: loss $(107)M vs $176M income, fund return -6.0% vs 3.9%
Cash $1.920B, operating cash flow $(1.482)B, capital deployment included Pep Boys and CVR Nitrogen acquisitions; RIN costs estimated at $200M to $235M for 2016

Newly triggered regulatory risk: ASU 2015-02 adoption changed certain limited partnerships to VIEs, requiring continued primary-beneficiary consolidation
Most material operating update: Energy goodwill impairment $574 million after worsening Petroleum sales trends
Legal and compliance risk: Federal-Mogul merger proposal increased to $8.00 per share, with special-committee review ongoing
Near-term market risk: Investment segment loss from investment activities $308 million in second quarter 2016
Financial risk: $1.17 billion of 3.50% senior notes due 2017, with senior-note covenants barring additional indebtedness

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

Compare quarters, check guidance or see what insiders and funds did around the report.