EX-12.1 2 iep-ex121_123113.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,
| 2013 |  | 2012 |  | 2011 |  | 2010 |  | 2009
Earnings: |  |  |  |  |  |  |  |  |
Income from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests | $ | 2,300 |  |  | $ | 646 |  |  | $ | 1,804 |  |  | $ | 761 |  |  | $ | 1,181 |
Fixed charges | 595 |  |  | 607 |  |  | 522 |  |  | 472 |  |  | 400 |
Distributed income of equity investees | 33 |  |  | 31 |  |  | 16 |  |  | 43 |  |  | 7 |
Total Earnings | $ | 2,928 |  |  | $ | 1,284 |  |  | $ | 2,342 |  |  | $ | 1,276 |  |  | $ | 1,588 |
Fixed Charges: |  |  |  |  |  |  |  |  |  |
Interest expense | $ | 560 |  |  | $ | 572 |  |  | $ | 490 |  |  | $ | 445 |  |  | $ | 373 |
Estimated interest within rental expense | 35 |  |  | 35 |  |  | 32 |  |  | 27 |  |  | 27 |
Total Fixed Charges | $ | 595 |  |  | $ | 607 |  |  | $ | 522 |  |  | $ | 472 |  |  | $ | 400 |
Ratio of earnings to fixed charges | 4.9 |  |  | 2.1 |  |  | 4.5 |  |  | 2.7 |  |  | 4.0 |
Dollar shortfall | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |