EX-12.1 4 v213219_ex12-1.htm
 
EXHIBIT 12.1
 
ICAHN ENTERPRISES L.P. AND SUBSIDIARES
RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio)

   
Year Ended December 31,
  
   
2010
    
2009
    
2008
    
2007
    
2006
  
Earnings:
                              
Income (loss) from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests
  
$
728
    
$
1,154
    
$
(3,084
)
  
$
544
    
$
1,053
  
Fixed charges
    
415
      
346
      
381
      
193
      
110
  
Distributed income of equity investees
    
43
      
7
      
28
      
-
      
-
  
Total Earnings
  
$
1,186
    
$
1,507
    
$
(2,675
)
  
$
737
    
$
1,163
  
                                         
Fixed Charges:
                                        
Interest expense
  
$
389
    
$
319
    
$
358
    
$
184
    
$
100
  
Estimated interest within rental expense
    
26
      
27
      
23
      
9
      
10
  
Total Fixed Charges
  
$
415
    
$
346
    
$
381
    
$
193
    
$
110
  
                                         
Ratio of earnings to fixed charges
    
2.9
      
4.4
      
n/a
      
3.8
      
10.6
  
Dollar shortfall
    
n/a
      
n/a
    
$
3,056
      
n/a
      
n/a