| Delaware | | | 3714 | | | 13-3398766 | |
| (State or Other Jurisdiction of Incorporation or Organization) | | | (Primary Standard Industrial Classification Code Number) | | | (I.R.S. Employer Identification Number) | |
| Delaware | | | 3714 | | | 20-1059842 | |
| (State or Other Jurisdiction of Incorporation or Organization) | | | (Primary Standard Industrial Classification Code Number) | | | (I.R.S. Employer Identification Number) | |
| Delaware | | | 3714 | | | 13-3398767 | |
| (State or Other Jurisdiction of Incorporation or Organization) | | | (Primary Standard Industrial Classification Code Number) | | | (I.R.S. Employer Identification Number) | |
| Icahn Enterprises L.P. | | | Icahn Enterprises Holdings L.P. | | ||||||
| Large | | | Accelerated | | | Large | | | Accelerated | |
| Non-accelerated Filer ☐ | | | Smaller Reporting Company ☐ | | | Non-accelerated Filer ☒ | | | Smaller Reporting Company ☐ | |
| Emerging Growth Company ☐ | | | Emerging Growth Company ☐ | |
CALCULATION OF REGISTRATION FEE | | ||||||||||||||||||||||||
Title of Each Class of Securities to be Registered | | | Amount to Be Registered(1) | | | Proposed Maximum Offering Price Per Note(1) | | | Proposed Maximum Aggregate Offering Price(1) | | | Amount of Registration Fee(2) | | ||||||||||||
6.250% Senior Notes due 2022 | | | | $ | 510,000,000 | | | | | | 100.000% | | | | | $ | 510,000,000 | | | | | $ | 63,495.00 | | |
Guarantee of 6.250% Senior Notes due 2022(3) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
6.375% Senior Notes due 2025 | | | | $ | 750,000,000 | | | | | | 100.000% | | | | | $ | 750,000,000 | | | | | $ | 93,375.00 | | |
Guarantee of 6.375% Senior Notes due 2025(3) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
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| | ||||||||||||||||||||||||
Title of Each Class of Securities to be Registered | | | Amount to Be Registered(1) | | | Proposed Maximum Offering Price Per Note(1) | | | Proposed Maximum Aggregate Offering Price(1) | | | Amount of Registration Fee(2) | | ||||||||||||
4.750% Senior Notes due 2024 | | | | $ | 500,000,000 | | | | | | 100.000% | | | | | $ | 500,000,000 | | | | | $ | 64,900 | | |
Guarantee of 4.750% Senior Notes due 2024(3) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
5.250% Senior Notes due 2027 | | | | $ | 750,000,000 | | | | | | 100.000% | | | | | $ | 750,000,000 | | | | | $ | 97,350 | | |
Guarantee of 5.250% Senior Notes due 2027(3) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
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| | | Nine Months Ended September 30, 2017 | | | Year Ended December 31, | | ||||||||||||||||||||||||||||||
| 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | |||||||||||||||||||||||
Ratio of earnings to fixed charges | | | | | 4.5 | | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | 4.9 | | | | | | 2.1 | | |
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| | | Icahn Enterprises | | | Icahn Enterprises Holdings | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Nine Months Ended September 30, | | | Year Ended December 31, | | | Nine Months Ended September 30, | | | Year Ended December 31, | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | 2016 | | | 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | | 2017 | | | 2016 | | | 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | ||||||||||||||||||||||||||||||||||||||||||
| | | (in millions, except per unit data) | | | (in millions) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of Operations Data: | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net sales | | | | $ | 12,893 | | | | | $ | 11,546 | | | | | $ | 15,511 | | | | | $ | 14,604 | | | | | $ | 18,072 | | | | | $ | 17,785 | | | | | $ | 14,574 | | | | | $ | 12,893 | | | | | $ | 11,546 | | | | | $ | 15,511 | | | | | $ | 14,604 | | | | | $ | 18,072 | | | | | $ | 17,785 | | | | | $ | 14,574 | | |
Other revenues from operations | | | | | 1,389 | | | | | | 1,506 | | | | | | 1,958 | | | | | | 1,386 | | | | | | 1,250 | | | | | | 988 | | | | | | 951 | | | | | | 1,389 | | | | | | 1,506 | | | | | | 1,958 | | | | | | 1,386 | | | | | | 1,250 | | | | | | 988 | | | | | | 951 | | |
Net gain (loss) from investment activities | | | | | 604 | | | | | | (826) | | | | | | (1,373) | | | | | | (987) | | | | | | (564) | | | | | | 1,694 | | | | | | 343 | | | | | | 604 | | | | | | (826) | | | | | | (1,373) | | | | | | (987) | | | | | | (564) | | | | | | 1,694 | | | | | | 343 | | |
Gain (loss) on disposition of assets, net | | | | | 1,966 | | | | | | 10 | | | | | | 14 | | | | | | 40 | | | | | | 25 | | | | | | (56) | | | | | | 5 | | | | | | 1,966 | | | | | | 10 | | | | | | 14 | | | | | | 40 | | | | | | 25 | | | | | | (56) | | | | | | 5 | | |
Net income (loss) | | | | | 2,394 | | | | | | (1,656) | | | | | | (2,220) | | | | | | (2,127) | | | | | | (529) | | | | | | 2,444 | | | | | | 762 | | | | | | 2,395 | | | | | | (1,655) | | | | | | (2,219) | | | | | | (2,126) | | | | | | (528) | | | | | | 2,444 | | | | | | 763 | | |
Less: Net income (loss) attributable to non-controlling interests | | | | | 262 | | | | | | (734) | | | | | | (1,092) | | | | | | (933) | | | | | | (156) | | | | | | 1,419 | | | | | | 366 | | | | | | 262 | | | | | | (734) | | | | | | (1,092) | | | | | | (933) | | | | | | (156) | | | | | | 1,419 | | | | | | 366 | | |
Net income (loss) attributable to Icahn Enterprises/Icahn Enterprises Holdings | | | | $ | 2,132 | | | | | $ | (922) | | | | | $ | (1,128) | | | | | $ | (1,194) | | | | | $ | (373) | | | | | $ | 1,025 | | | | | $ | 396 | | | | | $ | 2,133 | | | | | $ | (921) | | | | | $ | (1,127) | | | | | $ | (1,193) | | | | | $ | (372) | | | | | $ | 1,025 | | | | | $ | 397 | | |
Net income (loss) attributable to Icahn Enterprises/Icahn Enterprises Holdings allocable to: | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Limited partners | | | | $ | 2,090 | | | | | $ | (904) | | | | | $ | (1,106) | | | | | $ | (1,170) | | | | | $ | (366) | | | | | $ | 1,005 | | | | | $ | 379 | | | | | $ | 2,112 | | | | | $ | (912) | | | | | $ | (1,116) | | | | | $ | (1,181) | | | | | $ | (368) | | | | | $ | 1,015 | | | | | $ | 384 | | |
General partner | | | | | 42 | | | | | | (18) | | | | | | (22) | | | | | | (24) | | | | | | (7) | | | | | | 20 | | | | | | 17 | | | | | | 21 | | | | | | (9) | | | | | | (11) | | | | | | (12) | | | | | | (4) | | | | | | 10 | | | | | | 13 | | |
| | | | $ | 2,132 | | | | | $ | (922) | | | | | $ | (1,128) | | | | | $ | (1,194) | | | | | $ | (373) | | | | | $ | 1,025 | | | | | $ | 396 | | | | | $ | 2,133 | | | | | $ | (921) | | | | | $ | (1,127) | | | | | $ | (1,193) | | | | | $ | (372) | | | | | $ | 1,025 | | | | | $ | 397 | | |
Basic income (loss) per LP unit | | | | $ | 13.23 | | | | | $ | (6.70) | | | | | $ | (8.07) | | | | | $ | (9.29) | | | | | $ | (3.08) | | | | | $ | 9.14 | | | | | $ | 3.72 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic weighted average LP units outstanding | | | | | 158 | | | | | | 135 | | | | | | 137 | | | | | | 126 | | | | | | 119 | | | | | | 110 | | | | | | 102 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Diluted income (loss) per LP unit | | | | $ | 13.23 | | | | | $ | (6.70) | | | | | $ | (8.07) | | | | | $ | (9.29) | | | | | $ | (3.08) | | | | | $ | 9.07 | | | | | $ | 3.72 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Diluted weighted average LP units outstanding | | | | | 158 | | | | | | 135 | | | | | | 137 | | | | | | 126 | | | | | | 119 | | | | | | 111 | | | | | | 102 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| | | Icahn Enterprises | | | Icahn Enterprises Holdings | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Nine Months Ended September 30, | | | Year Ended December 31, | | | Nine Months Ended September 30, | | | Year Ended December 31, | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | 2016 | | | 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | | 2017 | | | 2016 | | | 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | ||||||||||||||||||||||||||||||||||||||||||
| | | (in millions, except per unit data) | | | (in millions) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Financial Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EBITDA attributable to Icahn Enterprises/Icahn Enterprises Holdings(1) | | | | $ | 3,315 | | | | | $ | 163 | | | | | $ | 270 | | | | | $ | 198 | | | | | $ | 705 | | | | | $ | 1,804 | | | | | $ | 1,158 | | | | | $ | 3,315 | | | | | $ | 163 | | | | | $ | 270 | | | | | $ | 198 | | | | | $ | 705 | | | | | $ | 1,804 | | | | | $ | 1,158 | | |
Adjusted EBITDA attributable to Icahn Enterprises/Icahn Enterprises Holdings(1) | | | | | 1,496 | | | | | | 693 | | | | | | 837 | | | | | | 930 | | | | | | 1,018 | | | | | | 1,899 | | | | | | 1,546 | | | | | | 1,496 | | | | | | 693 | | | | | | 837 | | | | | | 930 | | | | | | 1,018 | | | | | | 1,899 | | | | | | 1,546 | | |
Cash distributions declared per LP unit | | | | | 4.50 | | | | | | 4.50 | | | | | | 6.00 | | | | | | 6.00 | | | | | | 6.00 | | | | | | 4.50 | | | | | | 0.40 | | | | | | | | | |
| | | Icahn Enterprises | | | Icahn Enterprises Holdings | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | September 30, 2017 | | | December 31, | | | September 30, 2017 | | | December 31, | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | | 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | ||||||||||||||||||||||||||||||||||||||||||||
| | | (in millions) | | | (in millions) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | | | $ | 2,038 | | | | | $ | 1,833 | | | | | $ | 2,078 | | | | | $ | 2,908 | | | | | $ | 3,257 | | | | | $ | 3,102 | | | | | $ | 2,038 | | | | | $ | 1,833 | | | | | $ | 2,078 | | | | | $ | 2,908 | | | | | $ | 3,257 | | | | | $ | 3,102 | | |
Investments | | | | | 9,748 | | | | | | 9,881 | | | | | | 15,351 | | | | | | 14,480 | | | | | | 12,261 | | | | | | 5,491 | | | | | | 9,748 | | | | | | 9,881 | | | | | | 15,351 | | | | | | 14,480 | | | | | | 12,261 | | | | | | 5,491 | | |
Property, plant and equipment, net | | | | | 9,631 | | | | | | 10,122 | | | | | | 9,535 | | | | | | 8,955 | | | | | | 8,077 | | | | | | 7,661 | | | | | | 9,631 | | | | | | 10,122 | | | | | | 9,535 | | | | | | 8,955 | | | | | | 8,077 | | | | | | 7,661 | | |
Total assets | | | | | 32,817 | | | | | | 33,371 | | | | | | 36,407 | | | | | | 35,743 | | | | | | 31,706 | | | | | | 25,888 | | | | | | 32,847 | | | | | | 33,399 | | | | | | 36,434 | | | | | | 35,769 | | | | | | 31,723 | | | | | | 25,902 | | |
Deferred tax liability | | | | | 1,678 | | | | | | 1,613 | | | | | | 1,201 | | | | | | 1,255 | | | | | | 1,394 | | | | | | 1,335 | | | | | | 1,678 | | | | | | 1,613 | | | | | | 1,201 | | | | | | 1,255 | | | | | | 1,394 | | | | | | 1,335 | | |
Due to brokers | | | | | 603 | | | | | | 3,725 | | | | | | 7,317 | | | | | | 5,197 | | | | | | 2,203 | | | | | | — | | | | | | 603 | | | | | | 3,725 | | | | | | 7,317 | | | | | | 5,197 | | | | | | 2,203 | | | | | | — | | |
Post-employment benefit liability | | | | | 1,210 | | | | | | 1,180 | | | | | | 1,224 | | | | | | 1,391 | | | | | | 1,111 | | | | | | 1,488 | | | | | | 1,210 | | | | | | 1,180 | | | | | | 1,224 | | | | | | 1,391 | | | | | | 1,111 | | | | | | 1,488 | | |
Debt | | | | | 11,198 | | | | | | 11,119 | | | | | | 12,594 | | | | | | 11,541 | | | | | | 9,256 | | | | | | 9,829 | | | | | | 11,202 | | | | | | 11,122 | | | | | | 12,597 | | | | | | 11,544 | | | | | | 9,251 | | | | | | 9,821 | | |
Equity attributable to Icahn Enterprises/Icahn Enterprises Holdings | | | | | 4,784 | | | | | | 2,154 | | | | | | 3,987 | | | | | | 5,443 | | | | | | 6,092 | | | | | | 4,669 | | | | | | 4,810 | | | | | | 2,179 | | | | | | 4,011 | | | | | | 5,466 | | | | | | 6,114 | | | | | | 4,691 | | |
| | | Icahn Enterprises | | | Icahn Enterprises Holdings | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | As of/Nine Months Ended September 30, | | | As of/Year Ended December 31, | | | As of/Nine Months Ended September 30, | | | As of/Year Ended December 31, | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2019 | | | 2018 | | | 2018 | | | 2017 | | | 2016 | | | 2015 | | | 2014 | | | 2019 | | | 2018 | | | 2018 | | | 2017 | | | 2016 | | | 2015 | | | 2014 | | ||||||||||||||||||||||||||||||||||||||||||
| | | (in millions, except per unit data) | | | (in millions) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of Operations Data From Continuing Operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net sales | | | | $ | 7,371 | | | | | $ | 7,998 | | | | | $ | 10,576 | | | | | $ | 9,306 | | | | | $ | 7,740 | | | | | $ | 6,771 | | | | | $ | 10,376 | | | | | $ | 7,371 | | | | | $ | 7,998 | | | | | $ | 10,576 | | | | | $ | 9,306 | | | | | $ | 7,740 | | | | | $ | 6,771 | | | | | $ | 10,376 | | |
Other revenues from operations | | | | | 504 | | | | | | 491 | | | | | | 647 | | | | | | 743 | | | | | | 840 | | | | | | 418 | | | | | | 383 | | | | | | 504 | | | | | | 491 | | | | | | 647 | | | | | | 743 | | | | | | 840 | | | | | | 418 | | | | | | 383 | | |
Net (loss) gain from investment activities | | | | | (1,968) | | | | | | 328 | | | | | | 322 | | | | | | 302 | | | | | | (1,373) | | | | | | (987) | | | | | | (564) | | | | | | (1,968) | | | | | | 328 | | | | | | 322 | | | | | | 302 | | | | | | (1,373) | | | | | | (987) | | | | | | (564) | | |
Gain on disposition of assets, net | | | | | 256 | | | | | | 65 | | | | | | 84 | | | | | | 2,163 | | | | | | 6 | | | | | | 40 | | | | | | 18 | | | | | | 256 | | | | | | 65 | | | | | | 84 | | | | | | 2,163 | | | | | | 6 | | | | | | 40 | | | | | | 18 | | |
Net (loss) income | | | | | (1,610) | | | | | | 443 | | | | | | 282 | | | | | | 2,357 | | | | | | (2,285) | | | | | | (1,941) | | | | | | (775) | | | | | | (1,609) | | | | | | 444 | | | | | | 283 | | | | | | 2,359 | | | | | | (2,284) | | | | | | (1,940) | | | | | | (774) | | |
Less: (Loss) income attributable to non-controlling interests | | | | | (693) | | | | | | 242 | | | | | | 495 | | | | | | 84 | | | | | | (1,158) | | | | | | (938) | | | | | | (271) | | | | | | (693) | | | | | | 242 | | | | | | 495 | | | | | | 84 | | | | | | (1,158) | | | | | | (938) | | | | | | (271) | | |
Net (loss) income attributable to Icahn Enterprises/Icahn Enterprises Holdings | | | | $ | (917) | | | | | $ | 201 | | | | | $ | (213) | | | | | $ | 2,273 | | | | | $ | (1,127) | | | | | $ | (1,003) | | | | | $ | (504) | | | | | $ | (916) | | | | | $ | 202 | | | | | $ | (212) | | | | | $ | 2,275 | | | | | $ | (1,126) | | | | | $ | (1,002) | | | | | $ | (503) | | |
Net (loss) income attributable to Icahn Enterprises/Icahn Enterprises Holdings allocated to: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Limited partners | | | | $ | (899) | | | | | $ | 197 | | | | | $ | (209) | | | | | $ | 2,228 | | | | | $ | (1,105) | | | | | $ | (983) | | | | | $ | (494) | | | | | $ | (907) | | | | | $ | 200 | | | | | $ | (210) | | | | | $ | 2,252 | | | | | $ | (1,115) | | | | | $ | (992) | | | | | $ | (498) | | |
General partner | | | | | (18) | | | | | | 4 | | | | | | (4) | | | | | | 45 | | | | | | (22) | | | | | | (20) | | | | | | (10) | | | | | | (9) | | | | | | 2 | | | | | | (2) | | | | | | 23 | | | | | | (11) | | | | | | (10) | | | | | | (5) | | |
| | | | $ | (917) | | | | | $ | 201 | | | | | $ | (213) | | | | | $ | 2,273 | | | | | $ | (1,127) | | | | | $ | (1,003) | | | | | $ | (504) | | | | | $ | (916) | | | | | $ | 202 | | | | | $ | (212) | | | | | $ | 2,275 | | | | | $ | (1,126) | | | | | $ | (1,002) | | | | | $ | (503) | | |
Basic and diluted (loss) income per LP unit | | | | $ | (4.56) | | | | | $ | 1.11 | | | | | $ | (1.16) | | | | | $ | 13.84 | | | | | $ | (8.07) | | | | | $ | (7.80) | | | | | $ | (4.15) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic and diluted weighted average LP units outstanding | | | | | 197 | | | | | | 178 | �� | | | | | 180 | | | | | | 161 | | | | | | 137 | | | | | | 126 | | | | | | 119 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash distributions declared per LP unit | | | | $ | 6.00 | | | | | $ | 5.25 | | | | | $ | 7.00 | | | | | $ | 6.00 | | | | | $ | 6.00 | | | | | $ | 6.00 | | | | | $ | 6.00 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | | | $ | 3,266 | | | | | | | | | | | $ | 2,656 | | | | | $ | 1,164 | | | | | $ | 1,114 | | | | | $ | 1,369 | | | | | $ | 2,292 | | | | | $ | 3,266 | | | | | | | | | | | $ | 2,656 | | | | | $ | 1,164 | | | | | $ | 1,114 | | | | | $ | 1,369 | | | | | $ | 2,292 | | |
Investments | | | | | 9,437 | | | | | | | | | | | | 8,337 | | | | | | 10,015 | | | | | | 9,559 | | | | | | 15,002 | | | | | | 14,149 | | | | | | 9,437 | | | | | | | | | | | | 8,337 | | | | | | 10,015 | | | | | | 9,559 | | | | | | 15,002 | | | | | | 14,149 | | |
Property, plant and equipment, net | | | | | 4,592 | | | | | | | | | | | | 4,703 | | | | | | 5,186 | | | | | | 5,905 | | | | | | 5,668 | | | | | | 5,456 | | | | | | 4,592 | | | | | | | | | | | | 4,703 | | | | | | 5,186 | | | | | | 5,905 | | | | | | 5,668 | | | | | | 5,456 | | |
Assets held for sale | | | | | 7 | | | | | | | | | | | | 333 | | | | | | 10,263 | | | | | | 11,493 | | | | | | 10,054 | | | | | | 9,765 | | | | | | 7 | | | | | | | | | | | | 333 | | | | | | 10,263 | | | | | | 11,493 | | | | | | 10,054 | | | | | | 9,765 | | |
Total assets | | | | | 23,257 | | | | | | | | | | | | 23,396 | | | | | | 31,801 | | | | | | 33,371 | | | | | | 36,407 | | | | | | 35,743 | | | | | | 23,257 | | | | | | | | | | | | 23,428 | | | | | | 31,833 | | | | | | 33,399 | | | | | | 36,434 | | | | | | 35,769 | | |
Deferred tax liability | | | | | 625 | | | | | | | | | | | | 676 | | | | | | 732 | | | | | | 1,147 | | | | | | 791 | | | | | | 904 | | | | | | 625 | | | | | | | | | | | | 676 | | | | | | 732 | | | | | | 1,147 | | | | | | 791 | | | | | | 904 | | |
Due to brokers | | | | | 114 | | | | | | | | | | | | 141 | | | | | | 1,057 | | | | | | 3,725 | | | | | | 7,317 | | | | | | 5,197 | | | | | | 114 | | | | | | | | | | | | 141 | | | | | | 1,057 | | | | | | 3,725 | | | | | | 7,317 | | | | | | 5,197 | | |
Liabilities held for sale | | | | | — | | | | | | | | | | | | 112 | | | | | | 7,010 | | | | | | 9,103 | | | | | | 7,521 | | | | | | 7,029 | | | | | | — | | | | | | | | | | | | 112 | | | | | | 7,010 | | | | | | 9,103 | | | | | | 7,521 | | | | | | 7,029 | | |
Debt | | | | | 7,449 | | | | | | | | | | | | 7,326 | | | | | | 7,372 | | | | | | 7,236 | | | | | | 8,556 | | | | | | 8,161 | | | | | | 7,452 | | | | | | | | | | | | 7,330 | | | | | | 7,377 | | | | | | 7,239 | | | | | | 8,559 | | | | | | 8,164 | | |
Equity attributable to Icahn Enterprises/Icahn Enterprises Holdings | | | | | 5,633 | | | | | | | | | | | | 6,529 | | | | | | 5,106 | | | | | | 2,154 | | | | | | 3,987 | | | | | | 5,443 | | | | | | 5,630 | | | | | | | | | | | | 6,557 | | | | | | 5,133 | | | | | | 2,179 | | | | | | 4,011 | | | | | | 5,466 | | |
| | | Icahn Enterprises | | | Icahn Enterprises Holdings | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Nine Months Ended September 30, | | | Year Ended December 31, | | | Nine Months Ended September 30, | | | Year Ended December 31, | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | 2016 | | | 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | | 2017 | | | 2016 | | | 2016 | | | 2015 | | | 2014 | | | 2013 | | | 2012 | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||
| | | (in millions) | | | (in millions) | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Attributable to Icahn Enterprises/ Icahn Enterprises Holdings: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Net income (loss) | | | | $ | 2,132 | | | | | $ | (922) | | | | | $ | (1,128) | | | | | $ | (1,194) | | | | | $ | (373) | | | | | $ | 1,025 | | | | | $ | 396 | | | | | $ | 2,133 | | | | | $ | (921) | | | | | $ | (1,127) | | | | | $ | (1,193) | | | | | $ | (372) | | | | | $ | 1,025 | | | | | $ | 397 | | | | | | ||||||
Interest expense, net | | | | | 485 | | | | | | 468 | | | | | | 620 | | | | | | 762 | | | | | | 614 | | | | | | 464 | | | | | | 456 | | | | | | 484 | | | | | | 467 | | | | | | 619 | | | | | | 761 | | | | | | 613 | | | | | | 464 | | | | | | 455 | | | | | | ||||||
Income tax expense (benefit) | | | | | 97 | | | | | | 60 | | | | | | 12 | | | | | | 14 | | | | | | (109) | | | | | | (170) | | | | | | (128) | | | | | | 97 | | | | | | 60 | | | | | | 12 | | | | | | 14 | | | | | | (109) | | | | | | (170) | | | | | | (128) | | | | | | ||||||
Depreciation, depletion and amortization | | | | | 601 | | | | | | 557 | | | | | | 766 | | | | | | 616 | | | | | | 573 | | | | | | 485 | | | | | | 434 | | | | | | 601 | | | | | | 557 | | | | | | 766 | | | | | | 616 | | | | | | 573 | | | | | | 485 | | | | | | 434 | | | | | | ||||||
EBITDA attributable to Icahn Enterprises/Icahn Enterprises Holdings | | | | $ | 3,315 | | | | | $ | 163 | | | | | $ | 270 | | | | | $ | 198 | | | | | $ | 705 | | | | | $ | 1,804 | | | | | $ | 1,158 | | | | | $ | 3,315 | | | | | $ | 163 | | | | | $ | 270 | | | | | $ | 198 | | | | | $ | 705 | | | | | $ | 1,804 | | | | | $ | 1,158 | | | | | | ||||||
Impairment | | | | $ | 82 | | | | | $ | 429 | | | | | $ | 466 | | | | | $ | 544 | | | | | $ | 72 | | | | | $ | 14 | | | | | $ | 106 | | | | | $ | 82 | | | | | $ | 429 | | | | | $ | 466 | | | | | $ | 544 | | | | | $ | 72 | | | | | $ | 14 | | | | | $ | 106 | | | | | | ||||||
Restructuring | | | | | 13 | | | | | | 24 | | | | | | 26 | | | | | | 80 | | | | | | 67 | | | | | | 41 | | | | | | 25 | | | | | | 13 | | | | | | 24 | | | | | | 26 | | | | | | 80 | | | | | | 67 | | | | | | 41 | | | | | | 25 | | | | | | ||||||
Non-service cost of U.S. based pension | | | | | 10 | | | | | | 10 | | | | | | 14 | | | | | | 1 | | | | | | (6) | | | | | | 4 | | | | | | 29 | | | | | | 10 | | | | | | 10 | | | | | | 14 | | | | | | 1 | | | | | | (6) | | | | | | 4 | | | | | | 29 | | | | | | ||||||
FIFO impact (favorable) unfavorable | | | | | — | | | | | | (18) | | | | | | (31) | | | | | | 35 | | | | | | 94 | | | | | | (15) | | | | | | 58 | | | | | | — | | | | | | (18) | | | | | | (31) | | | | | | 35 | | | | | | 94 | | | | | | (15) | | | | | | 58 | | | | | | ||||||
Unrealized loss/(gain) on certain derivatives | | | | | 4 | | | | | | 23 | | | | | ��� | 32 | | | | | | 2 | | | | | | (41) | | | | | | (43) | | | | | | 57 | | | | | | 4 | | | | | | 23 | | | | | | 32 | | | | | | 2 | | | | | | (41) | | | | | | (43) | | | | | | 57 | | | | | | ||||||
OPEB curtailment gains | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (15) | | | | | | (40) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (15) | | | | | | (40) | | | | | | ||||||
Major scheduled turnaround expense | | | | | 24 | | | | | | 20 | | | | | | 20 | | | | | | 62 | | | | | | 5 | | | | | | — | | | | | | 88 | | | | | | 24 | | | | | | 20 | | | | | | 20 | | | | | | 62 | | | | | | 5 | | | | | | — | | | | | | 88 | | | | | | ||||||
Certain share-based compensation expense | | | | | — | | | | | | — | | | | | | 1 | | | | | | 11 | | | | | | 8 | | | | | | 20 | | | | | | 27 | | | | | | — | | | | | | — | | | | | | 1 | | | | | | 11 | | | | | | 8 | | | | | | 20 | | | | | | 27 | | | | | | ||||||
(Gain) loss on disposition of assets, net | | | | | (1,966) | | | | | | (8) | | | | | | (9) | | | | | | (37) | | | | | | (6) | | | | | | 46 | | | | | | — | | | | | | (1,966) | | | | | | (8) | | | | | | (9) | | | | | | (37) | | | | | | (6) | | | | | | 46 | | | | | | — | | | | | | ||||||
Net loss on extinguishment of debt | | | | | 4 | | | | | | 1 | | | | | | 1 | | | | | | 1 | | | | | | 152 | | | | | | — | | | | | | 7 | | | | | | 4 | | | | | | 1 | | | | | | 1 | | | | | | 1 | | | | | | 152 | | | | | | — | | | | | | 7 | | | | | | ||||||
Tax settlement (gain) loss | | | | | (57) | | | | | | — | | | | | | — | | | | | | — | | | | | | (22) | | | | | | 9 | | | | | | — | | | | | | (57) | | | | | | — | | | | | | — | | | | | | — | | | | | | (22) | | | | | | 9 | | | | | | — | | | | | | ||||||
Other | | | | | 67 | | | | | | 49 | | | | | | 47 | | | | | | 33 | | | | | | (10) | | | | | | 34 | | | | | | 31 | | | | | | 67 | | | | | | 49 | | | | | | 47 | | | | | | 33 | | | | | | (10) | | | | | | 34 | | | | | | 31 | | | | | | ||||||
Adjusted EBITDA attributable to Icahn Enterprises/Icahn Enterprises Holdings | | | | $ | 1,496 | | | | | $ | 693 | | | | | $ | 837 | | | | | $ | 930 | | | | | $ | 1,018 | | | | | $ | 1,899 | | | | | $ | 1,546 | | | | | $ | 1,496 | | | | | $ | 693 | | | | | $ | 837 | | | | | $ | 930 | | | | | $ | 1,018 | | | | | $ | 1,899 | | | | | $ | 1,546 | | | | | | ||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Year | | | Percentage | | |||
2019 | | | | | 103.125% | | |
2020 | | | | | 101.563% | | |
2021 and thereafter | | | | | 100.000% | | |
Year | | | Percentage | | |||
2020 | | | | | 103.188% | | |
2021 | | | | | 101.594% | | |
2022 and thereafter | | | | | 100.000% | | |
| ICAHN ENTERPRISES L.P. | | ||||||
| | | | |||||
| | | | |||||
| By: | | | /s/ Keith Cozza | | |||
| | | | Keith Cozza President, Chief Executive Officer and Director | |
| /s/ Keith Cozza Keith Cozza | | | President, Chief Executive Officer and Director | | | December | |
| /s/ SungHwan Cho SungHwan Cho | | | Chief Financial Officer and Director | | | December | |
| /s/ Peter Reck Peter Reck | | | Chief Accounting Officer | | | December | |
| /s/ Michael Nevin | | | Director | | | December 19, 2019 | |
| /s/ Denise Barton Denise Barton | | | Director | | | December 19, 2019 | |
| Alvin B. Krongard | | | Director | | | December 19, 2019 | |
| Jack G. Wasserman | | | Director | | | December | |
| ||||||||
| Carl C. Icahn | | | Chairman of the Board | | | |
| ICAHN ENTERPRISES FINANCE CORP. | | ||||||
| By: | | | /s/ Keith Cozza | | |||
| | | | Keith Cozza President, Chief Executive Officer and Director | |
| /s/ Keith Cozza Keith Cozza | | | President, Chief Executive Officer and Director | | | December | |
| /s/ SungHwan Cho SungHwan Cho | | | Chief Financial Officer and Director | | | December | |
| /s/ Peter Reck Peter Reck | | | Chief Accounting Officer | | | December | |
| /s/ Michael Nevin | | | Director | | | December 19, 2019 | |
| /s/ Denise Barton Denise Barton | | | Director | | | December 19, 2019 | |
| Alvin B. Krongard | | | Director | | | December 19, 2019 | |
| Jack G. Wasserman | | | Director | | | December | |
| ||||||||
| Carl C. Icahn | | | Chairman of the Board | | | |
| ICAHN ENTERPRISES HOLDINGS L.P. | | ||||||
| | | | |||||
| | | | |||||
| By: | | | /s/ Keith Cozza | | |||
| | | | Keith Cozza President, Chief Executive Officer and Director | |
| /s/ Keith Cozza Keith Cozza | | | President, Chief Executive Officer and Director | | | December | |
| /s/ SungHwan Cho SungHwan Cho | | | Chief Financial Officer and Director | | | December | |
| /s/ Peter Reck Peter Reck | | | Chief Accounting Officer | | | December | |
| /s/ Michael Nevin | | | Director | | | December 19, 2019 | |
| /s/ Denise Barton Denise Barton | | | Director | | | December 19, 2019 | |
| Alvin B. Krongard | | | Director | | | December 19, 2019 | |
| Jack G. Wasserman | | | Director | | | December | |
| ||||||||
| Carl C. Icahn | | | Chairman of the Board | | | |