EX-12.1 4 v201597_ex12-1.htm

Unassociated Document

EXHIBIT 12.1

ICAHN ENTERPRISES L.P. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

(in millions of dollars, except ratio)

	Nine Months Ended September 30, 2010					Year Ended December 31,
						2009				2008				2007				2006				2005
Earnings:
Income (loss) from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests		$	493			$	1,154			$	(3,084	)		$	544			$	1,053			$	321
Fixed charges			305				346				381				193				110				86
Distributed income of equity investees			27				7				28				-				-				-
Total Earnings		$	825			$	1,507			$	(2,675	)		$	737			$	1,163			$	407
Fixed Charges:
Interest expense		$	286			$	319			$	358			$	184			$	100			$	79
Estimated interest within rental expense			19				27				23				9				10				7
Total Fixed Charges		$	305			$	346			$	381			$	193			$	110			$	86
Ratio of earnings to fixed charges			2.7				4.4				n/a				3.8				10.6				4.7
Dollar shortfall			n/a				n/a			$	3,056				n/a				n/a				n/a