EX-12.2 3 iep-ex122_123115.htm EXHIBIT 12.2
EXHIBIT 12.2
ICAHN ENTERPRISES HOLDINGS L.P. AND SUBSIDIARES
RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio)

| Year Ended December 31,
| 2015 |  | 2014 |  | 2013 |  | 2012 |  | 2011
Earnings: |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests | $ | (2,120 | ) |  | $ | (681 | ) |  | $ | 2,300 |  |  | $ | 647 |  |  | $ | 1,805 |
Fixed charges | 1,202 |  |  | 884 |  |  | 595 |  |  | 606 |  |  | 521 |
Distributed income of equity investees | 11 |  |  | 25 |  |  | 33 |  |  | 31 |  |  | 16 |
Total Earnings | $ | (907 | ) |  | $ | 228 |  |  | $ | 2,928 |  |  | $ | 1,284 |  |  | $ | 2,342 |
Fixed Charges: |  |  |  |  |  |  |  |  |
Interest expense | $ | 1,153 |  |  | $ | 846 |  |  | $ | 560 |  |  | $ | 571 |  |  | $ | 489 |
Estimated interest within rental expense | 49 |  |  | 38 |  |  | 35 |  |  | 35 |  |  | 32 |
Total Fixed Charges | $ | 1,202 |  |  | $ | 884 |  |  | $ | 595 |  |  | $ | 606 |  |  | $ | 521 |
Ratio of earnings to fixed charges | n/a |  |  | n/a |  |  | 4.9 |  |  | 2.1 |  |  | 4.5 |
Dollar shortfall | $ | 2,109 |  |  | $ | 656 |  |  | n/a |  |  | n/a |  |  | n/a |