EX-12.1 7 v186224_ex12-1.htm Unassociated Document
EXHIBIT 12.1
 
ICAHN ENTERPRISES L.P. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio)

       Three Months Ended March 31,    
Year Ended December 31,
  
       2010    
2009
    
2008
    
2007
    
2006
    
2005
  
Earnings:
                                      
(Loss) income from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests
   $ (63 )    $ 1,154     $ (3,084 )   $ 544     $ 1,053     $ 312  
Fixed charges
    
102
       346       381       193       110       86  
Distributed income of equity investees
     20       7       28       -       -       -  
Total Earnings
   $   59     $ 1,507     $ (2,675 )   $ 737     $ 1,163     $ 407  
                                                 
Fixed Charges:
                                                
Interest expense
   $  95     $ 319     $ 358     $ 184     $ 100     $ 79  
Estimated interest within rental expense
     7       27       23       9       10       7  
Total Fixed Charges
   $  102     $ 346     $ 381     $ 193     $ 110     $ 86  
                                                 
Ratio of earnings to fixed charges
      n/a       4.4       n/a       3.8       10.6       4.7  
Dollar shortfall
    $ 43       n/a     $ 3,056       n/a       n/a       n/a