EX-12.1 2 iep-ex121_123112.htm EXHIBIT
EXHIBIT 12.1
ICAHN ENTERPRISES L.P. AND SUBSIDIARES
RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio)

| Year Ended December 31,
| 2012 |  | 2011 |  | 2010 |  | 2009 |  | 2008
Earnings: |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests | $ | 611 |  |  | $ | 1,768 |  |  | $ | 728 |  |  | $ | 1,154 |  |  | $ | (3,084 | )
Fixed charges | 556 |  |  | 467 |  |  | 415 |  |  | 346 |  |  | 381 |
Distributed income of equity investees | 31 |  |  | 16 |  |  | 43 |  |  | 7 |  |  | 28 |
Total Earnings | $ | 1,198 |  |  | $ | 2,251 |  |  | $ | 1,186 |  |  | $ | 1,507 |  |  | $ | (2,675 | )
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |
Interest expense | $ | 522 |  |  | $ | 436 |  |  | $ | 389 |  |  | $ | 319 |  |  | $ | 358 |
Estimated interest within rental expense | 34 |  |  | 31 |  |  | 26 |  |  | 27 |  |  | 23 |
Total Fixed Charges | $ | 556 |  |  | $ | 467 |  |  | $ | 415 |  |  | $ | 346 |  |  | $ | 381 |
Ratio of earnings to fixed charges | 2.2 |  |  | 4.8 |  |  | 2.9 |  |  | 4.4 |  |  | n/a |
Dollar shortfall | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | $ | 3,056 |