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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 1.22
IEP's Cash-to-Debt is ranked lower than
52% of the 454 Companies
in the Global Conglomerates industry.

( Industry Median: 1.66 vs. IEP: 1.22 )
Ranked among companies with meaningful Cash-to-Debt only.
IEP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08  Med: 1.31 Max: No Debt
Current: 1.22
0.08
No Debt
Equity-to-Asset 0.18
IEP's Equity-to-Asset is ranked lower than
84% of the 287 Companies
in the Global Conglomerates industry.

( Industry Median: 0.41 vs. IEP: 0.18 )
Ranked among companies with meaningful Equity-to-Asset only.
IEP' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.67  Med: 0.17 Max: 0.83
Current: 0.18
-0.67
0.83
Debt-to-Equity 1.46
IEP's Debt-to-Equity is ranked lower than
80% of the 261 Companies
in the Global Conglomerates industry.

( Industry Median: 0.59 vs. IEP: 1.46 )
Ranked among companies with meaningful Debt-to-Equity only.
IEP' s Debt-to-Equity Range Over the Past 10 Years
Min: -44848.38  Med: 1.17 Max: 235.04
Current: 1.46
-44848.38
235.04
Debt-to-EBITDA 2.48
IEP's Debt-to-EBITDA is ranked higher than
69% of the 234 Companies
in the Global Conglomerates industry.

( Industry Median: 4.01 vs. IEP: 2.48 )
Ranked among companies with meaningful Debt-to-EBITDA only.
IEP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -299.86  Med: 2.62 Max: 11.32
Current: 2.48
-299.86
11.32
Interest Coverage 2.04
IEP's Interest Coverage is ranked lower than
88% of the 417 Companies
in the Global Conglomerates industry.

( Industry Median: 9999.00 vs. IEP: 2.04 )
Ranked among companies with meaningful Interest Coverage only.
IEP' s Interest Coverage Range Over the Past 10 Years
Min: 0.04  Med: 0.77 Max: 3.19
Current: 2.04
0.04
3.19
Piotroski F-Score: 6
Altman Z-Score: 1.71
Beneish M-Score: -2.12
WACC vs ROIC
11.33%
17.36%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 7.99
IEP's Operating Margin % is ranked higher than
65% of the 297 Companies
in the Global Conglomerates industry.

( Industry Median: 5.29 vs. IEP: 7.99 )
Ranked among companies with meaningful Operating Margin % only.
IEP' s Operating Margin % Range Over the Past 10 Years
Min: -43.68  Med: 3.93 Max: 12.64
Current: 7.99
-43.68
12.64
Net Margin % 7.25
IEP's Net Margin % is ranked higher than
73% of the 297 Companies
in the Global Conglomerates industry.

( Industry Median: 3.45 vs. IEP: 7.25 )
Ranked among companies with meaningful Net Margin % only.
IEP' s Net Margin % Range Over the Past 10 Years
Min: -7.43  Med: 3.11 Max: 11.41
Current: 7.25
-7.43
11.41
ROE % 26.86
IEP's ROE % is ranked higher than
94% of the 377 Companies
in the Global Conglomerates industry.

( Industry Median: 3.84 vs. IEP: 26.86 )
Ranked among companies with meaningful ROE % only.
IEP' s ROE % Range Over the Past 10 Years
Min: -36.02  Med: 9.34 Max: 65.62
Current: 26.86
-36.02
65.62
ROA % 4.25
IEP's ROA % is ranked higher than
81% of the 460 Companies
in the Global Conglomerates industry.

( Industry Median: 0.49 vs. IEP: 4.25 )
Ranked among companies with meaningful ROA % only.
IEP' s ROA % Range Over the Past 10 Years
Min: -3.31  Med: 1.45 Max: 7.46
Current: 4.25
-3.31
7.46
ROC (Joel Greenblatt) % 23.63
IEP's ROC (Joel Greenblatt) % is ranked higher than
74% of the 371 Companies
in the Global Conglomerates industry.

( Industry Median: 8.08 vs. IEP: 23.63 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
IEP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -170.76  Med: 25.81 Max: 66.78
Current: 23.63
-170.76
66.78
3-Year Revenue Growth Rate -6.70
IEP's 3-Year Revenue Growth Rate is ranked lower than
75% of the 256 Companies
in the Global Conglomerates industry.

( Industry Median: 1.70 vs. IEP: -6.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
IEP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -50.5  Med: 15.1 Max: 289.7
Current: -6.7
-50.5
289.7
3-Year EBITDA Growth Rate 42.80
IEP's 3-Year EBITDA Growth Rate is ranked higher than
87% of the 309 Companies
in the Global Conglomerates industry.

( Industry Median: 6.10 vs. IEP: 42.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
IEP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -8.3 Max: 89.8
Current: 42.8
0
89.8
GuruFocus has detected 2 Warning Signs with Icahn Enterprises LP IEP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» IEP's 30-Y Financials

Financials (Next Earnings Date: 2018-11-03 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2017

IEP Guru Trades in Q3 2017

Carl Icahn 153,485,679 sh (+2.82%)
Murray Stahl 2,602,920 sh (-3.61%)
» More
Q4 2017

IEP Guru Trades in Q4 2017

Jim Simons 95,015 sh (New)
Carl Icahn 157,898,582 sh (+2.88%)
Murray Stahl 2,487,001 sh (-4.45%)
» More
Q1 2018

IEP Guru Trades in Q1 2018

Carl Icahn 157,898,582 sh (unchged)
Murray Stahl 2,369,898 sh (-4.71%)
Jim Simons 34,192 sh (-64.01%)
» More
Q2 2018

IEP Guru Trades in Q2 2018

Carl Icahn 166,393,350 sh (+5.38%)
Jim Simons Sold Out
Murray Stahl 2,267,642 sh (-4.31%)
» More
» Details

Insider Trades

Latest Guru Trades with NAS:IEP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Carl Icahn 2018-06-30 Add 5.38%2.5%$58.72 - $72.86 $ 68.782%166,393,350
Carl Icahn 2018-06-20 Add 2.43%1.4%Premium Member Access $72.27 $ 68.78-5%166,393,350
Carl Icahn 2018-04-16 Add 2.88%1.38%Premium Member Access $61.81 $ 68.7811%162,442,428
Carl Icahn 2017-12-31 Add 2.88%1.03%$51.28 - $59.2 $ 68.7827%157,898,582
Carl Icahn 2017-12-20 Add 2.88%1.07%Premium Member Access $52 $ 68.7832%157,898,582
Carl Icahn 2017-09-30 Add 2.82%1.09%$49.71 - $55.8 $ 68.7831%153,485,679
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Conglomerates » Conglomerates    NAICS: 551112    SIC: 6719
Compare:IST:KCHOL, PHS:JGS, XSGO:ANTARCHILE, TSE:9041, TSX:ONEX, XSWX:PARG, JSE:BVT, HKSE:00392, XSGO:QUINENCO, OHEL:METSO, TSE:9024, XKRX:078935, XPAR:ODET, XPAR:CBDG, AMEX:SEB, ASX:SVW, SHSE:600415, SHSE:600704, TSE:2768, SGX:U96 » details
Traded in other countries:2IN.Germany,
Headquarter Location:USA
Icahn Enterprises LP owns a diverse range of businesses in the United States. Its most revenue generating segment is the Automotive segment.

Icahn Enterprises LP is a provider of diversified business services in the United States. It operates its business through nine varied segments which include Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Mining, Real Estate and Home Fashion. Among these, the Automotive segment serves as the most revenue generating segment through its ownership in Federal-Mogul Holdings Corporation. Federal-Mogul is one of the leading global suppliers of components, accessories, and systems to the automotive, small engine, heavy-duty, marine, railroad, agricultural, off-road, aerospace, and energy markets.

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Carl Icahn Piles Into AmTrust Financial Activist investor opposes company’s privatization plans
Carl Icahn (Trades, Portfolio) disclosed on Thursday that his firm, Icahn Enterprises LP (NASDAQ:IEP), established an activist stake in AmTrust Financial Services Inc. (NASDAQ:AFSI) according to GuruFocus real-time picks. Read more...
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Icahn Enterprises L.P. Announces Q1 2018 Earnings Conference Call

Ratios

vs
industry
vs
history
PE Ratio 9.06
IEP's PE Ratio is ranked higher than
75% of the 264 Companies
in the Global Conglomerates industry.

( Industry Median: 18.72 vs. IEP: 9.06 )
Ranked among companies with meaningful PE Ratio only.
IEP' s PE Ratio Range Over the Past 10 Years
Min: 3.57  Med: 10.5 Max: 84.02
Current: 9.06
3.57
84.02
Forward PE Ratio 24.10
IEP's Forward PE Ratio is ranked lower than
87% of the 15 Companies
in the Global Conglomerates industry.

( Industry Median: 13.25 vs. IEP: 24.10 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 10.29
IEP's PE Ratio without NRI is ranked higher than
71% of the 263 Companies
in the Global Conglomerates industry.

( Industry Median: 18.72 vs. IEP: 10.29 )
Ranked among companies with meaningful PE Ratio without NRI only.
IEP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 3.67  Med: 11.03 Max: 579.15
Current: 10.29
3.67
579.15
Price-to-Owner-Earnings 13.11
IEP's Price-to-Owner-Earnings is ranked higher than
59% of the 127 Companies
in the Global Conglomerates industry.

( Industry Median: 19.67 vs. IEP: 13.11 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
IEP' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 0.64  Med: 3.41 Max: 25.28
Current: 13.11
0.64
25.28
PB Ratio 2.29
IEP's PB Ratio is ranked lower than
71% of the 374 Companies
in the Global Conglomerates industry.

( Industry Median: 1.26 vs. IEP: 2.29 )
Ranked among companies with meaningful PB Ratio only.
IEP' s PB Ratio Range Over the Past 10 Years
Min: 0.54  Med: 1.79 Max: 4.27
Current: 2.29
0.54
4.27
PS Ratio 0.63
IEP's PS Ratio is ranked higher than
57% of the 280 Companies
in the Global Conglomerates industry.

( Industry Median: 0.89 vs. IEP: 0.63 )
Ranked among companies with meaningful PS Ratio only.
IEP' s PS Ratio Range Over the Past 10 Years
Min: 0.26  Med: 0.48 Max: 3.41
Current: 0.63
0.26
3.41
EV-to-EBIT 8.23
IEP's EV-to-EBIT is ranked higher than
71% of the 256 Companies
in the Global Conglomerates industry.

( Industry Median: 12.57 vs. IEP: 8.23 )
Ranked among companies with meaningful EV-to-EBIT only.
IEP' s EV-to-EBIT Range Over the Past 10 Years
Min: -241.7  Med: 4.65 Max: 208.6
Current: 8.23
-241.7
208.6
EV-to-EBITDA 5.62
IEP's EV-to-EBITDA is ranked higher than
79% of the 263 Companies
in the Global Conglomerates industry.

( Industry Median: 10.73 vs. IEP: 5.62 )
Ranked among companies with meaningful EV-to-EBITDA only.
IEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: -233.8  Med: 3.6 Max: 111.2
Current: 5.62
-233.8
111.2
EV-to-Revenue 0.95
IEP's EV-to-Revenue is ranked higher than
61% of the 290 Companies
in the Global Conglomerates industry.

( Industry Median: 1.46 vs. IEP: 0.95 )
Ranked among companies with meaningful EV-to-Revenue only.
IEP' s EV-to-Revenue Range Over the Past 10 Years
Min: -0.2  Med: 0.7 Max: 6
Current: 0.95
-0.2
6
Shiller PE Ratio 41.71
IEP's Shiller PE Ratio is ranked lower than
91% of the 102 Companies
in the Global Conglomerates industry.

( Industry Median: 16.74 vs. IEP: 41.71 )
Ranked among companies with meaningful Shiller PE Ratio only.
IEP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.7  Med: 22.7 Max: 102.83
Current: 41.71
7.7
102.83
Current Ratio 6.47
IEP's Current Ratio is ranked higher than
83% of the 429 Companies
in the Global Conglomerates industry.

( Industry Median: 1.46 vs. IEP: 6.47 )
Ranked among companies with meaningful Current Ratio only.
IEP' s Current Ratio Range Over the Past 10 Years
Min: 1.04  Med: 2.87 Max: 27.17
Current: 6.47
1.04
27.17
Quick Ratio 5.49
IEP's Quick Ratio is ranked higher than
83% of the 429 Companies
in the Global Conglomerates industry.

( Industry Median: 1.16 vs. IEP: 5.49 )
Ranked among companies with meaningful Quick Ratio only.
IEP' s Quick Ratio Range Over the Past 10 Years
Min: 1.04  Med: 2.48 Max: 25.21
Current: 5.49
1.04
25.21
Days Inventory 80.62
IEP's Days Inventory is ranked lower than
68% of the 241 Companies
in the Global Conglomerates industry.

( Industry Median: 57.15 vs. IEP: 80.62 )
Ranked among companies with meaningful Days Inventory only.
IEP' s Days Inventory Range Over the Past 10 Years
Min: 31.87  Med: 58.7 Max: 80.62
Current: 80.62
31.87
80.62
Days Sales Outstanding 13.47
IEP's Days Sales Outstanding is ranked higher than
89% of the 268 Companies
in the Global Conglomerates industry.

( Industry Median: 57.99 vs. IEP: 13.47 )
Ranked among companies with meaningful Days Sales Outstanding only.
IEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.47  Med: 41.19 Max: 76.75
Current: 13.47
13.47
76.75
Days Payable 26.26
IEP's Days Payable is ranked lower than
79% of the 257 Companies
in the Global Conglomerates industry.

( Industry Median: 61.39 vs. IEP: 26.26 )
Ranked among companies with meaningful Days Payable only.
IEP' s Days Payable Range Over the Past 10 Years
Min: 26.26  Med: 40.38 Max: 50.21
Current: 26.26
26.26
50.21

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 9.81
IEP's Dividend Yield % is ranked higher than
94% of the 371 Companies
in the Global Conglomerates industry.

( Industry Median: 0.75 vs. IEP: 9.81 )
Ranked among companies with meaningful Dividend Yield % only.
IEP' s Dividend Yield % Range Over the Past 10 Years
Min: 0.38  Med: 3.11 Max: 13.04
Current: 9.81
0.38
13.04
Dividend Payout Ratio 0.92
IEP's Dividend Payout Ratio is ranked lower than
89% of the 216 Companies
in the Global Conglomerates industry.

( Industry Median: 0.29 vs. IEP: 0.92 )
Ranked among companies with meaningful Dividend Payout Ratio only.
IEP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.11  Med: 0.37 Max: 0.92
Current: 0.92
0.11
0.92
3-Year Dividend Growth Rate 0.20
IEP's 3-Year Dividend Growth Rate is ranked lower than
65% of the 134 Companies
in the Global Conglomerates industry.

( Industry Median: 6.30 vs. IEP: 0.20 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
IEP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: -100 Max: 147.8
Current: 0.2
0
147.8
Forward Dividend Yield % 10.18
IEP's Forward Dividend Yield % is ranked higher than
92% of the 363 Companies
in the Global Conglomerates industry.

( Industry Median: 2.41 vs. IEP: 10.18 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 78.04
IEP's 5-Year Yield-on-Cost % is ranked higher than
99% of the 366 Companies
in the Global Conglomerates industry.

( Industry Median: 2.86 vs. IEP: 78.04 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
IEP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.02  Med: 24.74 Max: 103.73
Current: 78.04
3.02
103.73
3-Year Average Share Buyback Ratio -11.90
IEP's 3-Year Average Share Buyback Ratio is ranked lower than
69% of the 191 Companies
in the Global Conglomerates industry.

( Industry Median: -2.10 vs. IEP: -11.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
IEP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -50.2  Med: -7.8 Max: 5.3
Current: -11.9
-50.2
5.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.75
IEP's Price-to-Tangible-Book is ranked lower than
69% of the 357 Companies
in the Global Conglomerates industry.

( Industry Median: 1.50 vs. IEP: 2.75 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
IEP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.37  Med: 2.75 Max: 418.57
Current: 2.75
0.37
418.57
Price-to-Median-PS-Value 1.33
IEP's Price-to-Median-PS-Value is ranked lower than
78% of the 261 Companies
in the Global Conglomerates industry.

( Industry Median: 0.97 vs. IEP: 1.33 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
IEP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.62  Med: 3.46 Max: 55.03
Current: 1.33
0.62
55.03
Price-to-Graham-Number 1.12
IEP's Price-to-Graham-Number is ranked lower than
59% of the 216 Companies
in the Global Conglomerates industry.

( Industry Median: 1.09 vs. IEP: 1.12 )
Ranked among companies with meaningful Price-to-Graham-Number only.
IEP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.29  Med: 0.58 Max: 15.78
Current: 1.12
0.29
15.78
Earnings Yield (Greenblatt) % 12.18
IEP's Earnings Yield (Greenblatt) % is ranked higher than
84% of the 464 Companies
in the Global Conglomerates industry.

( Industry Median: 1.52 vs. IEP: 12.18 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
IEP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -170  Med: 11.5 Max: 72.3
Current: 12.18
-170
72.3
Forward Rate of Return (Yacktman) % -13.27
IEP's Forward Rate of Return (Yacktman) % is ranked lower than
81% of the 174 Companies
in the Global Conglomerates industry.

( Industry Median: 7.44 vs. IEP: -13.27 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
IEP' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -50  Med: -13.3 Max: 12.9
Current: -13.27
-50
12.9

More Statistics

Revenue (TTM) (Mil) $18,484.00
EPS (TTM) $ 7.57
Beta1.83
Volatility20.54%
52-Week Range $51.01 - 81.88
Shares Outstanding (Mil)182.19

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 13,732 15,407 17,155
EBIT (Mil $)
EBITDA (Mil $)
EPS ($) 5.66 2.85 2.94
EPS without NRI ($) 5.66 2.85 2.94
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 7.00 7.00 7.00

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAY
Positive CFROAN
Higher ROA yoyY
CFROA > ROAN
Lower Leverage yoyY
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

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