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icahn enterprises lp (IEP) Key Developments

Icahn Enterprises L.P. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment of Assets for the Third Quarter of 2014

Icahn Enterprises L.P. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company is reporting third quarter 2014 revenues of $4.4 billion and net loss attributable to company of $355 million, or a loss of $2.90 per depositary unit. For third quarter 2013, revenues were $5.8 billion and net income attributable to Icahn Enterprises was $472 million, or $4.10 per depositary unit. Adjusted LBITDA attributable to company was $2 million for third quarter 2014 compared to adjusted EBITDA of $714 million for third quarter 2013. Adjusted LBIT attributable to company was $152 million for third quarter 2014 compared to adjusted EBIT $594 million for third quarter 2013. Loss before income tax expense was $646 million against income before income tax benefit of $1,293 million a year ago. Consolidated LBITDA was $222 million against EBITDA of $1,611 million a year ago. Consolidated LBIT was $424 million against EBIT of $1,430 million a year ago. Adjusted net loss attributable to company was $355 million or $2.90 per diluted share against income of $472 million or $4.10 per diluted share a year ago. For the nine months ended September 30, 2014, revenues were $15.8 billion and adjusted net income attributable to Icahn Enterprises, after adding back the loss on extinguishment of debt, was $257 million, or $2.14 per depositary unit. For the nine months ended September 30, 2013, revenues were $15.8 billion and adjusted net income attributable to Icahn Enterprises, after deducting the gain on extinguishment of debt, was $800 million, or $7.14 per depositary unit. For the nine months ended September 30, 2014, net income attributable to Icahn Enterprises was $105 million, or $0.87 per depositary unit, as compared to $803 million, or $7.17 per depositary unit, for the nine months ended September 30, 2013. Adjusted EBITDA attributable to company was $1.2 billion for the nine months ended September 30, 2014 compared to $1.6 billion for the nine months ended September 30, 2013. Adjusted EBIT attributable to company was $809 million for the nine months ended September 30, 2014 compared to $1.3 billion for the nine months ended September 30, 2013. Income before income tax benefit was $739 million against $2,313 million a year ago. Consolidated EBITDA was $1,905 million against $3,247 million a year ago. Consolidated EBIT was $1,321 million against EBIT of $2,723 million a year ago. Adjusted net income attributable to company was $257 million or $2.14 per diluted share against $800 million or $7.14 per diluted share a year ago. For the quarter, the company reported impairment of assets of $4 million against $2 million a year ago.

Icahn Enterprises, L.P. Declares a Quarterly Distribution, Payable on or about December 24, 2014

On October 31, 2014, Icahn Enterprises, L.P.'s board of directors declared a quarterly distribution in the amount of $1.50 per depositary unit. The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about December 24, 2014 to depositary unit holders of record at the close of business on November 17, 2014.

Icahn Enterprises, L.P., Q3 2014 Earnings Call, Nov 04, 2014

Icahn Enterprises, L.P., Q3 2014 Earnings Call, Nov 04, 2014

Icahn Enterprises, L.P. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment for the Second Quarter Ended June 30, 2014

Icahn Enterprises, L.P. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $4,867 million compared to $4,497 million a year ago. Income before income tax expense was $1,205 million compared to $190 million a year ago. Net income attributable to the company’s allocable to limited partners was $479 million or $4.06 per basic and diluted share, compared to $53 million or $0.48 per basic and diluted share, a year ago. Consolidated EBITDA was $1,594 million compared to $494 million a year ago. Consolidated adjusted EBITDA was $1,636 million compared to $383 million a year ago. For the year to date, the company reported net sales of $9,533 million compared to $9,071 million a year ago. Income before income tax expense was $1,385 million compared to $1,020 million a year ago. Net income attributable to the company’s allocable to limited partners was $451 million or $3.85 per basic and diluted share, compared to $324 million or $2.99 per diluted share, a year ago. Consolidated EBITDA was $2,127 million compared to $1,636 million a year ago. Consolidated adjusted EBITDA was $2,160 million compared to $1,552 million a year ago. The company reported impairment for the second quarter ended June 30, 2014. For the quarter, the company reported impairment of $1 million compared to $5 million a year ago.

Icahn Enterprises, L.P., Q2 2014 Earnings Call, Aug 05, 2014

Icahn Enterprises, L.P., Q2 2014 Earnings Call, Aug 05, 2014

 

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