EX-12.1 5 v079537_ex12-1.htm Unassociated Document
EXHIBIT 12.1

 
ICAHN ENTERPRISES, L.P. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN '000s)

 
   
Nine Months Ended
September 30,
  
Years Ended December 31,
  
   
2007
  
2006
  
2005
  
2004
  
2003
  
2002
  
Earnings
  
 
  
  
  
  
  
  
  
  
  
  
  
Income (loss) from continuing operations before income taxes, income or loss from equity investees and minority interest
  
$
620,381
  
$
994,726
  
$
294,428
  
$
183,672
  
$
(23,918
)
$
2,322
  
Fixed Charges
    
104,901
    
94,838
    
77,010
    
31,993
    
15,835
    
21,431
  
Amortization of capitalized interest
    
—
    
—
    
—
    
—
    
—
    
—
  
Total Earnings
  
$
725,282
  
$
1,089,564
  
$
371,438
  
$
215,665
  
$
(8,083
)
$
23,753
  
Fixed Charges:
                                      
Interest Expense
  
$
99,221
  
$
85,458
  
$
72,606
  
$
30,786
  
$
15,713
  
$
21,307
  
Interest capitalized
    
—
    
—
    
—
    
—
    
—
    
—
  
Estimated interest within rental expense
    
5.680
    
9,380
    
4,404
    
1,207
    
122
    
124
  
Total Fixed Charges
  
$
104,901
  
$
94,838
  
$
77,010
  
$
31,993
  
$
15,835
  
$
21,431
  
Ratio of earnings to fixed charges
    
6.9
    
11.5
    
4.8
    
6.7
    
—
 (1)   
1.1
  
 
                                    
——————
(1)
The fixed charge coverage deficiency was $23.9 million in 2003.