EXHIBIT 12.1
ICAHN ENTERPRISES L.P. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(in millions of dollars, except ratio)
Nine | ||||||||||||||||||||||||
Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
September | Year Ended December 31, | |||||||||||||||||||||||
30, 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests | $ | 1,162 | $ | 728 | $ | 1,154 | $ | (3,084 | ) | $ | 544 | $ | 1,053 | |||||||||||
Fixed charges | 350 | 415 | 346 | 381 | 193 | 110 | ||||||||||||||||||
Distributed income of equity investees | 14 | 43 | 7 | 28 | – | – | ||||||||||||||||||
Total Earnings | $ | 1,526 | $ | 1,186 | $ | 1,507 | $ | (2,675 | ) | $ | 737 | $ | 1,163 | |||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 327 | $ | 389 | $ | 319 | $ | 358 | $ | 184 | $ | 100 | ||||||||||||
Estimated interest within rental expense | 23 | 26 | 27 | 23 | 9 | 10 | ||||||||||||||||||
Total Fixed Charges | $ | 350 | $ | 415 | $ | 346 | $ | 381 | $ | 193 | $ | 110 | ||||||||||||
Ratio of earnings to fixed charges | 4.4 | 2.9 | 4.4 | n/a | 3.8 | 10.6 | ||||||||||||||||||
Dollar shortfall | n/a | n/a | n/a | $ | 3,056 | n/a | n/a |