EX-12.1 3 v302671_ex12-1.htm EXHIBIT 12.1

EXHIBIT 12.1
 

ICAHN ENTERPRISES L.P. AND SUBSIDIARES

RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio)
 

		Year Ended December 31,
		2011				2010				2009				2008				2007
Earnings:
Income (loss) from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests		$	1,768			$	728			$	1,154			$	(3,084	)		$	544
Fixed charges			467				415				346				381				193
Distributed income of equity investees			16				43				7				28				—
Total Earnings		$	2,251			$	1,186			$	1,507			$	(2,675	)		$	737
Fixed Charges:
Interest expense		$	436			$	389			$	319			$	358			$	184
Estimated interest within rental expense			31				26				27				23				9
Total Fixed Charges		$	467			$	415			$	346			$	381			$	193
Ratio of earnings to fixed charges			4.8				2.9				4.4				n/a				3.8
Dollar shortfall			n/a				n/a				n/a			$	3,056				n/a