-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DXhvhlvXVBmzpZgXquSODMZc5/SvTz7YLmr0jKRKqZUbYDTx/kUzA1wAGseYKJFL B4wUUSF5lrgvYiHLkOTkPw== 0000950117-03-001975.txt : 20030508 0000950117-03-001975.hdr.sgml : 20030508 20030508144748 ACCESSION NUMBER: 0000950117-03-001975 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030507 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST TENNESSEE NATIONAL CORP CENTRAL INDEX KEY: 0000036966 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 620803242 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15185 FILM NUMBER: 03687919 BUSINESS ADDRESS: STREET 1: 165 MADISON AVE CITY: MEMPHIS STATE: TN ZIP: 38103 BUSINESS PHONE: 9015234638 MAIL ADDRESS: STREET 1: 165 MADISON AVE CITY: MEMPHIS STATE: TN ZIP: 38103 FORMER COMPANY: FORMER CONFORMED NAME: FIRST TENNESSEE BANKS INC DATE OF NAME CHANGE: 19600201 8-K 1 a35241.txt FIRST TENNESSEE NATIONAL SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) -- May 7, 2003 FIRST TENNESSEE NATIONAL CORPORATION (Exact Name of Registrant as Specified in Charter) TENNESSEE 0-4491 62-0803242 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 165 MADISON AVENUE MEMPHIS, TENNESSEE 38103 (Address of Principal Executive Office) (Zip Code) Registrant's telephone number, including area code - (901) 523-4444 ITEM 5. OTHER EVENTS This Current Report on Form 8-K includes the Computation of our Ratio of Earnings to Fixed Charges for the five years ended December 31, 2002. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS c) Exhibits The following exhibits are filed herewith: Exhibit Number Description - -------------- ----------- 12.1 Computation of Ratio of Earnings to Fixed Charges SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST TENNESSEE NATIONAL CORPORATION Date: May 7, 2003 By: /s/ Charles G. Burkett --------------------------------------- Name: Charles G. Burkett ------------------------------------- Title: President-Retail Financial Services/ Memphis Financial Services ------------------------------------ EXHIBIT INDEX Exhibit Number Description - ------- ----------- 12.1 Computation of Ratio of Earnings to Fixed Charges. EX-12 3 ex12-1.txt EXHIBIT 12.1 EXHIBIT 12.1 FIRST TENNESSEE NATIONAL CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (WITHOUT INTEREST ON DEPOSITS) (DOLLARS IN THOUSANDS) (UNAUDITED)
2002 2001 2000 1999 1998 -------- -------- -------- -------- -------- Earnings (as defined in Item 503 of Regulation S-K): Earnings before income taxes and equity in undistributed net income (loss) of subsidiaries $552,166 $484,258 $335,830 $379,260 $352,922 Fixed charges excluding capitalized interest 128,774 204,932 292,622 243,831 235,949 Amortization of capitalized interest 3,748 3,606 3,606 2,095 169 Distributed income of equity investees 4,871 352 - - - -------- -------- -------- -------- -------- Earnings as defined $689,559 $693,148 $632,058 $625,186 $589,040 ======== ======== ======== ======== ======== Fixed charges (as defined in Item 503 of Regulation S-K): Interest expense $ 96,241 $175,694 $264,265 $217,921 $216,603 Capitalized interest 7,613 844 54 3,445 14,796 Amortization of debt issue costs 76 76 76 71 71 Estimate of interest component of rental expense net of income from subleases 19,823 16,557 19,033 17,769 11,205 Trust preferred security expense 8,070 8,070 8,070 8,070 8,070 Preferred security dividends 4,564 4,535 1,178 - - -------- -------- -------- -------- -------- Fixed charges as defined $136,387 $205,776 $292,676 $247,276 $250,745 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 5.06x 3.37x 2.16x 2.53x 2.35x ======== ======== ======== ======== ========
FIRST TENNESSEE NATIONAL CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (WITH INTEREST ON DEPOSITS) (DOLLARS IN THOUSANDS) (UNAUDITED)
2002 2001 2000 1999 1998 -------- ---------- ---------- ---------- -------- Earnings (as defined in Item 503 of Regulation S-K): Earnings before income taxes and equity in undistributed net income (loss) of subsidiaries $552,166 $ 484,258 $ 335,830 $ 379,260 $352,922 Fixed charges excluding capitalized interest 319,114 541,834 793,052 643,564 612,584 Amortization of capitalized interest 3,748 3,606 3,606 2,095 169 Distributed income of equity investees 4,871 352 - - - -------- ---------- ---------- ---------- -------- Earnings as defined $879,899 $1,030,050 $1,132,488 $1,024,919 $965,675 ======== ========== ========== ========== ======== Fixed charges (as defined in Item 503 of Regulation S-K): Interest expense $286,581 $ 512,596 $ 764,695 $ 617,654 $593,238 Capitalized interest 7,613 844 54 3,445 14,796 Amortization of debt issue costs 76 76 76 71 71 Estimate of interest component of rental expense net of income from subleases 19,823 16,557 19,033 17,769 11,205 Trust preferred security expense 8,070 8,070 8,070 8,070 8,070 Preferred security dividends 4,564 4,535 1,178 - - -------- ---------- ---------- ---------- -------- Fixed charges as defined $326,727 $ 542,678 $ 793,106 $ 647,009 $627,380 ======== ========== ========== ========== ======== Ratio of earnings to fixed charges 2.69x 1.90x 1.43x 1.58x 1.54x ======== ========== ========== ========== ========
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