EX-12.1 2 iep-ex121_123113.htm EXHIBIT IEP-Ex12.1_12.31.13


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