EX-12.2 3 ex122-123117.htm EXHIBIT 12.2 Wdesk | 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,
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes, income (loss) from equity investees and non-controlling interests
$
2,084

 
$
(2,247
)
 
$
(2,120
)
 
$
(681
)
 
$
2,300

Fixed charges
932

 
957

 
1,202

 
884

 
595

Distributed income of equity investees
39

 
77

 
11

 
25

 
33

Total Earnings
$
3,055

 
$
(1,213
)
 
$
(907
)
 
$
228

 
$
2,928

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
842

 
$
877

 
$
1,153

 
$
846

 
$
560

Estimated interest within rental expense
90

 
80

 
49

 
38

 
35

Total Fixed Charges
$
932

 
$
957

 
$
1,202

 
$
884

 
$
595

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
3.3

 
n/a

 
n/a

 
n/a

 
4.9

Dollar shortfall

n/a

 
$
2,170

 
$
2,109

 
$
656

 
n/a