EX-12.2 3 iep-ex122_123112.htm EXHIBIT IEP-Ex12.2_12.31.12


EXHIBIT 12.2

ICAHN ENTERPRISES HOLDINGS 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

 
$
1,769

 
$
731

 
$
1,161

 
$
(3,077
)
Fixed charges
556

 
466

 
413

 
339

 
374

Distributed income of equity investees
31

 
16

 
43

 
7

 
28

Total Earnings
$
1,198

 
$
2,251

 
$
1,187

 
$
1,507

 
$
(2,675
)
 
 
 
 
 
 
 
 

 
 

Fixed Charges:
 
 
 
 
 
 
 

 
 

Interest expense
$
522

 
$
435

 
$
387

 
$
312

 
$
351

Estimated interest within rental expense
34

 
31

 
26

 
27

 
23

Total Fixed Charges
$
556

 
$
466

 
$
413

 
$
339

 
$
374

 
 
 
 
 
 
 
 

 
 

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

 
$
3,049