EX-12.1 3 v245625_ex12-1.htm EXHIBIT 12.1

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				Year Ended December 31,
		30, 2011				2010				2009				2008				2007				2006
Earnings:
Income (loss) from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests		$	1,162			$	728			$	1,154			$	(3,084	)		$	544			$	1,053
Fixed charges			350				415				346				381				193				110
Distributed income of equity investees			14				43				7				28				–				–
Total Earnings		$	1,526			$	1,186			$	1,507			$	(2,675	)		$	737			$	1,163
Fixed Charges:
Interest expense		$	327			$	389			$	319			$	358			$	184			$	100
Estimated interest within rental expense			23				26				27				23				9				10
Total Fixed Charges		$	350			$	415			$	346			$	381			$	193			$	110
Ratio of earnings to fixed charges			4.4				2.9				4.4				n/a				3.8				10.6
Dollar shortfall			n/a				n/a				n/a			$	3,056				n/a				n/a