EX-12.1 3 v372766_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,
		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