DOSSIER 03 / SOURCE REGISTER

Read the primary records.

Source notes distinguish agency allegations, company accounts, historical filings and our illustrative calculations. Reviewed October 23, 2026. Records may subsequently change.

1. Beginners’ Guide to Financial Statements

   U.S. Securities and Exchange Commission

   Primary investor education on statements, cash flows and footnotes. Accounting earnings, asset-sale proceeds and operating cash generation are distinct. Educational starting point, not individualized advice.

2. How to Read a 10-K

   U.S. Securities and Exchange Commission / Investor.gov

   Official orientation to business, risk factors, management discussion and audited financial statements. A filing’s date, reporting entity and accounting basis remain important.

3. FASB In Focus: ASU 2016-02, Leases (Topic 842), revised June 2020

   Financial Accounting Standards Board

   Primary overview of recognition of both operating and finance lease assets and liabilities under U.S. GAAP, subject to applicable exceptions. Not a complete statement of current accounting requirements.

4. ASU 2016-02, Section A: Leases (Topic 842)

   Financial Accounting Standards Board

   Original update introducing Topic 842; consult the current Codification for application. Relevant concepts include sale qualification, lease measurement, disclosures and cash-flow classification. This dossier paraphrases selected concepts and does not provide an accounting opinion.

5. Tractor Supply Company: 2025 Form 10-K, Leases note

   Tractor Supply Company / SEC EDGAR

   Issuer’s filed example: 41 store sale-leasebacks, $252.6 million proceeds and $91.7 million gain in fiscal 2025; operating lease treatment. Also illustrates separate expense, cash-payment and maturity disclosures. Inclusion is not a distress prediction or investment recommendation.

6. Darden Announces Sale of Red Lobster to Golden Gate Capital (May 16, 2014)

   Darden Restaurants / SEC EDGAR

   Announced $2.1 billion business sale and Darden’s expected uses of its net proceeds. Darden’s proceeds are not interchangeable with sale-leaseback financing or a buyer’s distribution.

7. ARCP Closes $1.5 Billion Red Lobster Sale-Leaseback (July 28, 2014)

   American Realty Capital Properties / SEC EDGAR

   Closing announcement: approximately 500 properties, approximately $1.5 billion, overall weighted-average lease term exceeding 24 years and 2% annual compounded rent increases. Does not establish a $1.5 billion dividend or profit for Golden Gate Capital.

8. Red Lobster application record containing Jonathan Tibus’s first-day declaration (May 2024)

   Court-filed application record hosted by FTI Consulting

   Primary declaration in the bankruptcy record, not a judicial finding. Paragraphs 33 and 38–39 describe multiple operational pressures, 2023 lease payments of $190.5 million, and the Endless Shrimp issue. Do not confuse $294 million of funded debt with annual rent. Located around PDF pages 229–230.

9. Medical Properties Trust to Invest $1.25 Billion in Nine Acute Care Hospitals (September 26, 2016)

   Medical Properties Trust / SEC EDGAR

   Announced package: $1.2 billion in real estate interests, split approximately between master lease and mortgage loans, plus $50 million equity. The entire $1.25 billion was not a sale-leaseback. Company announcement and terms, not an independent causal verdict.

10. Cerberus Provides Additional Background Related to Steward Health Care (September 19, 2024)

    Cerberus Capital Management

    Attributed company response: reports a $473 million Cerberus dividend and describes return of investment, debt repayment and liquidity; defends the period of ownership, which ended in 2020. No separate aggregate payout is calculated here. Not an independent finding about later events.

11. Declaration of John R. Castellano Supporting Steward Global Settlement (September 10, 2024)

    U.S. Bankruptcy Court filing, hosted by HFMA

    Document 2419, paragraph 9 describes the dispute over allocation of value between hospital operations and real estate; a declarant’s account, not a general legal rule.

12. Medical Properties Trust: Recent Developments (January 2025 SEC exhibit)

    Medical Properties Trust / SEC EDGAR

    Issuer disclosure of master-lease termination, settlements, re-tenanting and impairment charges following Steward’s bankruptcy. Historical disclosure, not a claim that forecast recoveries were later achieved.