EX-12.1 6 v141314_ex12-1.htm Unassociated Document
EXHIBIT 12.1
 
ICAHN ENTERPRISES L.P. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio)
 
   
Year Ended December 31,
  
   
2008
    
2007
    
2006
    
2005
    
2004
  
Earnings:
                              
Income from continuing operations before income taxes, income (loss) from equity investees and non-controlling interest
   $ (3,145 )    $ 489     $ 995     $ 296     $ 186  
Fixed charges
     344       157       106       79       33  
Distributed income of equity investees    
     28       -       -       -       -  
Total Earnings
   $ (2,773 )    $ 646     $ 1,101     $ 375     $ 219  
                                         
Fixed Charges:
                                        
Interest expense
   $ 323     $ 150     $ 97     $ 74     $ 32  
Interest capitalized
     -       -       -       -       -  
Estimated interest within rental expense
     21       7       9       5       1  
Total Fixed Charges
   $ 344     $ 157     $ 106     $ 79     $ 33  
                                         
Ratio of earnings to fixed charges
     n/a       4.1       10.4       4.7       6.6  
Dollar shortfall
   $ 3,117       n/a       n/a       n/a       n/a