EX-12.1 7 v106776_ex12-1.htm Unassociated Document
EXHIBIT 12.1
 
ICAHN ENTERPRISES L.P. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(In ‘000s, Except Ratio)

 
  Years Ended December 31,
 
    
2007
 
 
2006
 
 
2005
 
 
2004
 
 
2003
  
Earnings:
                      
Income from continuing operations before income taxes, income (loss) from equity investees and non-controlling interest
   $
486,731
   $
993,186
   $
293,985
   $
183,672
   $
(23,918
)
 
                      
Fixed Charges
    
156,424
    
105,214
    
77,543
    
32,121
    
15,235
  
 
                      
Amortization of capitalized interest
    
—
    
—
    
—
    
—
    
—
  
Total Earnings
   $
643,155
   $
1,098,400
   $
371,528
   $
215,793
   $
(8,683
)
 
                      
Fixed Charges:
                      
Interest Expense
   $
148,817
   $
95,359
   $
72,649
   $
30,858
   $
15,113
  
 
                      
Interest capitalized
    
—
    
—
    
—
    
—
    
—
  
 
                      
Estimated interest within rental expense
    
7,607
    
9,855
    
4,894
    
1,263
    
122
  
 
                      
Total Fixed Charges
   $
156,424
   $
105,214
   $
77,543
   $
32,121
   $
15,235
  
 
                      
Ratio of earnings to fixed charges
    
4.1
    
10.4
    
4.8
    
6.7
    
—
(1)
 
                      
(1)
Fixed charges exceeded earnings by $23.9 million in 2003.