Schedule I (Tables)

12 Months Ended

Dec. 31, 2019

SCHEDULE I

ICAHN ENTERPRISES, L.P.

(Parent Company)

CONDENSED BALANCE SHEETS


	December 31,
	2019		2018
	(In millions, except unit amounts)
ASSETS
Investments in subsidiaries, net	$	11,853	$	12,189

Total Assets	$	11,853	$	12,189

LIABILITIES AND EQUITY
Accrued expenses and other liabilities	$	100	$	124
Debt	6,297		5,505
	6,397		5,629

Commitments and contingencies (Note 3)

Equity:
Limited partners: Depositary units: 214,078,558 and 191,366,097 units issued and outstanding at December 31, 2019 and 2018, respectively	6,268		7,350
General partner	(812)		(790)
Total equity	5,456		6,560
Total Liabilities and Equity	$	11,853	$	12,189

SCHEDULE I

ICAHN ENTERPRISES, L.P.

(Parent Company)

CONDENSED STATEMENTS OF OPERATIONS


	Year Ended December 31,
	2019		2018		2017
	(In millions)
Interest expense	$	(350)	$	(337)	$	(323)
Gain (loss) on extinguishment of debt	2		—		(12)
Equity in (loss) income of subsidiaries	(750)		1,819		2,789
Net (loss) income	$	(1,098)	$	1,482	$	2,454
Net (loss) income allocated to:
Limited partners	$	(1,076)	$	2,039	$	2,405
General partner	(22)		(557)		49
	$	(1,098)	$	1,482	$	2,454

SCHEDULE I

ICAHN ENTERPRISES, L.P.

(Parent Company)

CONDENSED STATEMENTS OF CASH FLOWS


	Year Ended December 31,
	2019		2018		2017
	(In millions)
Cash flows from operating activities:
Net (loss) income	$	(1,098)	$	1,482	$	2,454
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Equity in loss (income) of subsidiary	750		(1,819)		(2,789)
(Gain) loss on extinguishment of debt	(2)		—		2
Other, net	(25)		1		1
Net cash used in operating activities	(375)		(336)		(332)
Cash flows from investing activities:
Net investment in and advances from subsidiary	(363)		433		(210)
Net cash (used in) provided by investing activities	(363)		433		(210)
Cash flows from financing activities:
Partnership distributions	(112)		(97)		(81)
Partnership contributions	55		—		612
Proceeds from borrowings	2,507		—		2,470
Repayments of borrowings	(1,700)		—		(2,450)
Debt issuance costs and other	(12)		—		(9)
Net cash provided by (used in) financing activities	738		(97)		542
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents	—		—		—
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period	—		—		—
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period	$	—	$	—	$	—

SCHEDULE I

ICAHN ENTERPRISES HOLDINGS L.P.

(Parent Company)

CONDENSED BALANCE SHEETS


	December 31,
	2019		2018
	(in millions)
ASSETS
Cash and cash equivalents	$	1,042	$	30
Restricted cash	7		29
Investments	346		723
Other assets	—		60
Investments in subsidiaries, net	10,474		11,355
Total Assets	$	11,869	$	12,197
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	$	116	$	131
Debt	6,300		5,509
	6,416		5,640

Commitments and contingencies (Note 3)

Equity:
Limited partner	6,328		7,421
General partner	(875)		(864)
Total equity	5,453		6,557
Total Liabilities and Equity	$	11,869	$	12,197

SCHEDULE I

ICAHN ENTERPRISES HOLDINGS L.P.

(Parent Company)

CONDENSED STATEMENTS OF OPERATIONS


	Year Ended December 31,
	2019		2018		2017
	(in millions)
Interest and dividend income	$	14	$	7	$	2
Net (loss) gain from investment activities	(377)		(389)		—
Gain (loss) on disposition of assets	2		23		(1)
Equity in (loss) income of subsidiaries	(363)		2,200		2,763
Other income, net	—		4		41
	(724)		1,845		2,805
Interest expense	350		337		324
Selling, general and administrative	23		25		25
	373		362		349
Net (loss) income	$	(1,097)	$	1,483	$	2,456
Net (loss) income allocated to:
Limited partner	$	(1,086)	$	2,060	$	2,431
General partner	(11)		(577)		25
	$	(1,097)	$	1,483	$	2,456

SCHEDULE I

ICAHN ENTERPRISES HOLDINGS L.P.

(Parent Company)

CONDENSED STATEMENTS OF CASH FLOWS


	Year Ended December 31,
	2019		2018		2017
	(in millions)
Cash flows from operating activities:
Net (loss) income	$	(1,097)	$	1,483	$	2,456
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Equity in loss (income) of subsidiary	363		(2,200)		(2,763)
(Gain) loss on disposition of assets	(2)		(23)		1
Investment gains	377		389		—
Other, net	(1)		—		(36)
Change in operating assets and liabilities	45		8		18
Net cash used in operating activities	(315)		(343)		(324)
Cash flows from investing activities:
Net investment in subsidiaries	567		238		(97)

Other, net	—		41		53
Net cash provided by investing activities	567		279		(44)
Cash flows from financing activities:
Partnership distributions	(112)		(97)		(81)
Partner contributions	55		—		612
Proceeds from borrowings	2,507		—		2,470
Repayments of borrowings	(1,700)		(21)		(2,450)
Debt issuance costs	(12)		—		(7)
Net cash provided by (used in) financing activities	738		(118)		544
Net change in cash and cash equivalents and restricted cash and restricted cash equivalents	990		(182)		176
Cash and cash equivalents and restricted cash and restricted cash equivalents, beginning of period	59		241		65
Cash and cash equivalents and restricted cash and restricted cash equivalents, end of period	$	1,049	$	59	$	241