EX-12.1 2 ex121-123117.htm EXHIBIT 12.1 Wdesk | Exhibit


EXHIBIT 12.1

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

 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests
$
2,082

 
$
(2,248
)
 
$
(2,121
)
 
$
(682
)
 
$
2,300

Fixed charges
933

 
958

 
1,203

 
885

 
595

Distributed income of equity investees
39

 
77

 
11

 
25

 
33

Total Earnings
$
3,054

 
$
(1,213
)
 
$
(907
)
 
$
228

 
$
2,928

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
843

 
$
878

 
$
1,154

 
$
847

 
$
560

Estimated interest within rental expense
90

 
80

 
49

 
38

 
35

Total Fixed Charges
$
933

 
$
958

 
$
1,203

 
$
885

 
$
595

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
3.3

 
n/a

 
n/a

 
n/a

 
4.9

Dollar shortfall
n/a

 
$
2,171

 
$
2,110

 
$
657

 
n/a