Icahn Enterprises L.p (IEP) Q3 2016 10-Q Quarterly Earnings

Short answer

Icahn Enterprises L.p (IEP) filed its Q3 2016 10-Q quarterly report on Nov 3, 2016 for the quarter ended Sep 30, 2016.

AI summary of MD&A and risk factor updates

Quarterly revenue $4.899B vs $3.212B YoY, up $1.687B
Automotive best performer: revenue $2.476B vs $1.987B, gross margin 19% vs 16%
Energy weakest margin: refining margin per barrel $9.66 vs $16.17, RIN costs $58M vs $19M
Cash $2.002B, operating cash flow $1.322B, investing outflow $1.667B
Near-term headwinds: challenging steel markets, volatile RIN costs, Trump Taj Mahal closure and $92M impairment

No material changes stated in Item 1A, so 10-K risk factors carried forward
Regulatory risk: Investment Company Act classification, assets invested in investment securities capped at 40%
Operational risk: Trump Taj Mahal closure on October 10, 2016
Market risk: Energy segment goodwill impairment of $574 million after worsening petroleum sales trends
Financial risk: $1.174 billion of senior unsecured notes due 2017 with additional indebtedness prohibited by covenants

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

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