EX-12.2 3 ex122-123116.htm EXHIBIT 12.2 Exhibit


EXHIBIT 12.2

ICAHN ENTERPRISES HOLDINGS L.P. AND SUBSIDIARES
RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio)

 
Year Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests
$
(2,247
)
 
$
(2,120
)
 
$
(681
)
 
$
2,300

 
$
647

Fixed charges
957

 
1,202

 
884

 
595

 
606

Distributed income of equity investees
77

 
11

 
25

 
33

 
31

Total Earnings
$
(1,213
)
 
$
(907
)
 
$
228

 
$
2,928

 
$
1,284

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
877

 
$
1,153

 
$
846

 
$
560

 
$
571

Estimated interest within rental expense
80

 
49

 
38

 
35

 
35

Total Fixed Charges
$
957

 
$
1,202

 
$
884

 
$
595

 
$
606

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
n/a

 
n/a

 
n/a

 
4.9

 
2.1

Dollar shortfall
$
2,170

 
$
2,109

 
$
656

 
n/a

 
n/a