Icahn Enterprises L.P. (IEP)
NASDAQ: IEP · Real-Time Price · USD
6.80
+0.02 (0.29%)
At close: Aug 31, 2026, 4:00 PM EDT
6.79
-0.01 (-0.17%)
Pre-market: Sep 1, 2026, 9:07 AM EDT
Icahn Enterprises Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -515 | -293 | -436 | -670 | -179 | -604 |
Depreciation & Amortization | 627 | 599 | 508 | 514 | 504 | 512 |
Other Amortization | 4 | 4 | 3 | 4 | 5 | 5 |
Loss (Gain) From Sale of Assets | -200 | -247 | 4 | 238 | 8 | -141 |
Asset Writedown & Restructuring Costs | 30 | 40 | - | 7 | - | - |
Loss (Gain) From Sale of Investments | -425 | -323 | 207 | 595 | 52 | -1,206 |
Other Operating Activities | 1,005 | 247 | 456 | 3,202 | 694 | 1,595 |
Change in Accounts Receivable | 86 | 86 | 15 | 85 | -110 | -110 |
Change in Inventory | 28 | 28 | 133 | 27 | -96 | -83 |
Change in Accounts Payable | -135 | -135 | -33 | 59 | 45 | 77 |
Change in Other Net Operating Assets | -398 | -319 | -25 | -325 | 132 | 276 |
Operating Cash Flow | 107 | -313 | 832 | 3,736 | 1,055 | 321 |
Operating Cash Flow Growth | -62.19% | - | -77.73% | 254.12% | 228.66% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -351 | -341 | -280 | -303 | -338 | -305 |
Cash Acquisitions | - | - | -2 | -20 | - | -20 |
Divestitures | 72 | 120 | 3 | 33 | 4 | 414 |
Investment in Securities | -9 | - | 90 | - | 153 | 445 |
Other Investing Activities | 4 | -181 | -26 | - | -79 | -6 |
Investing Cash Flow | -284 | -402 | -215 | -290 | -260 | 528 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | - | 1,165 |
Long-Term Debt Issued | - | 513 | 1,628 | 1,382 | 115 | 1,214 |
Total Debt Issued | 1,505 | 513 | 1,628 | 1,382 | 115 | 2,379 |
Short-Term Debt Repaid | - | - | - | - | - | -1,545 |
Long-Term Debt Repaid | - | -714 | -2,026 | -1,271 | -716 | -1,205 |
Total Debt Repaid | -1,818 | -714 | -2,026 | -1,271 | -716 | -2,750 |
Net Debt Issued (Repaid) | -313 | -201 | -398 | 111 | -601 | -371 |
Issuance of Common Stock | 89 | 83 | 102 | 181 | 753 | 835 |
Common Dividends Paid | - | -6 | -8 | -6 | -222 | -134 |
Other Financing Activities | -885 | -981 | -1,019 | -2,671 | -274 | -37 |
Financing Cash Flow | -1,109 | -1,105 | -1,323 | -2,385 | -344 | 293 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 2 | - | -1 | -1 | -1 | 3 |
Net Cash Flow | -1,284 | -1,820 | -707 | 1,060 | 450 | 1,145 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -244 | -654 | 552 | 3,433 | 717 | 16 |
Free Cash Flow Growth | - | - | -83.92% | 378.80% | 4381.25% | - |
Free Cash Flow Margin | -2.35% | -6.95% | 5.51% | 31.46% | 5.02% | 0.14% |
Free Cash Flow Per Share | -0.39 | -1.16 | 1.19 | 8.99 | 2.27 | 0.06 |
Levered Free Cash Flow | 138 | 22.88 | 544.63 | -292 | -1,372 | 747.63 |
Unlevered Free Cash Flow | 440.88 | 333.88 | 868.5 | 50.25 | -1,022 | 1,159 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 471 | 494 | 423 | 426 | 438 | 485 |
Cash Income Tax Paid | 10 | 6 | 66 | 105 | 180 | 72 |
Change in Working Capital | -419 | -340 | 90 | -154 | -29 | 160 |