EX-12.1 3 v355585_ex12-1.htm

EXHIBIT 12.1

ICAHN ENTERPRISES L.P. AND SUBSIDIARES

RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio)

		Six Months Ended June 30,				Year Ended December 31,
		2013				2012				2011				2010				2009				2008
Earnings:
Income (loss) from continuing operations before income taxes, income (loss) from equity method investees and non-controlling interests		$	971			$	611			$	1,768			$	728			$	1,154			$	(3,084	)
Fixed charges			277				556				467				415				346				381
Distributed income of equity investees			4				31				16				43				7				28
Total Earnings		$	1,252			$	1,198			$	2,251			$	1,186			$	1,507			$	(2,675	)
Fixed Charges:
Interest expensed and capitalized		$	260			$	522			$	436			$	389			$	319			$	358
Estimated interest within rental expense			17				34				31				26				27				23
Total Fixed Charges		$	277			$	556			$	467			$	415			$	346			$	381
Ratio of earnings to fixed charges			4.5				2.2				4.8				2.9				4.4				n/a
Dollar shortfall			n/a				n/a				n/a				n/a				n/a			$	3,056