EX-12.1 5 v145914_ex12-1.htm
 
EXHIBIT 12.1
ICAHN ENTERPRISES L.P. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio)
 
   
Year Ended December 31,
  
   
2008
    
2007
    
2006
    
2005
    
2004
  
Earnings:
                              
InIncome from continuing operations before income taxes,  income (loss) from equity investees and non-controlling interest
  
$
(3,145
) 
  
$
489
    
$
995
    
$
296
    
$
186
  
Fixed charges
    
344
      
157
      
106
      
79
      
33
  
Distributed income of equity investees      
    
28
      
-
      
-
      
-
      
-
  
Total (loss) earnings
  
$
(2,773
) 
  
$
646
    
$
1,101
    
$
375
    
$
219
  
                                         
Fixed Charges:
                                        
Interest expense
  
$
323
    
$
150
    
$
97
    
$
74
    
$
32
  
Interest capitalized
    
-
      
-
      
-
      
-
      
-
  
Estimated interest within rental expense
    
21
      
7
      
9
      
5
      
1
  
Total fixed charges
  
$
344
    
$
157
    
$
106
    
$
79
    
$
33
  
                                         
Ratio of earnings to fixed charges
    
-
(1)
    
4.1
      
10.4
      
4.7
      
6.6
  
(1) Fixed charges exceeded earnings by approximately $3.1 billion for fiscal 2008.