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Icahn Enterprises IEP Automotive — Operating Lease Lease Income

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Other financials

Income statement

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Revenue$3.0B+25.6%
Net income-$355.0M-115%
EPS (diluted)-$0.52-73.3%

Balance sheet

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Cash & equivalents$1.2B-32.3%
Total debt$6.9B-5.2%
Total assets$12.9B-13.1%

Cash flow

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Operating cash flow$116.0M-57.8%
CapEx$80.0M-16.7%
Free cash flow$36.0M

Valuation

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Market cap$5.42B+2.3%
Enterprise value$11.13B+3.0%
P/S0.5×0.0×

Profitability

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Gross margin-56.5%
Net margin-5%-1.1pp
FCF margin-2.3%

Returns & leverage

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Return on equity-0.1%
Debt / equity0.7×

Where this comes from

Reported directly by Icahn Enterprises in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.

The source filing: Icahn Enterprises’s 10-Q, filed August 5, 2026.

Filed
Aug 4, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-090605

Our Automotive segment leases available and excess real estate in certain locations under long-term operating leases. Our Automotive segment’s revenues from operating leases were $12 million and $8 million for the three months ended June 30, 2026 and 2025, respectively, and $17 million and $22 million for the six months ended June 30, 2026 and 2025, respectively. Revenues from operating leases are included in other revenue from operations in the condensed consolidated statements of operations. Our Automotive segment’s expenses from operating leases including variable lease costs were $16 million and $22 million for the three months ended June 30, 2026 and 2025, respectively, and $32 million and $46 million for the six months ended June 30, 2026 and 2025, respectively. Expenses from operating leases are included in other expenses from operations in the condensed consolidated statements of operations.

Item 1. Financial Statements (Unaudited)

FAQ

What is Icahn Enterprises's automotive — operating lease lease income?
Icahn Enterprises (IEP) reported automotive — operating lease lease income of $12M in Q2 2026.
How has Icahn Enterprises's automotive — operating lease lease income changed year-over-year?
Icahn Enterprises's automotive — operating lease lease income increased by 50.0% year-over-year, from $8M to $12M.
What is the long-term trend for Icahn Enterprises's automotive — operating lease lease income?
Over 4 years (2021 to 2025), Icahn Enterprises's automotive — operating lease lease income has grown at a 36.8% compound annual growth rate (CAGR), from $10M to $35M.
What does automotive — operating lease lease income mean?
The revenue generated by the automotive segment from leasing out assets to third parties, where the segment acts as the lessor. This metric tracks the income-generating potential of the segment's owned physical assets.

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