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Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Parent Company [Member])
12 Months Ended
Jul. 31, 2014
Parent Company [Member]
 
Condensed Financial Information of Parent Company Only Disclosure
 
 
 
 
Schedule 1
FERRELLGAS PARTNERS, L.P.
PARENT ONLY
BALANCE SHEETS
(in thousands, except unit data)
 
 
July 31,
 
 
2014
 
2013
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
6

 
$
157

Prepaid expenses and other current assets
 

 
26

Investment in Ferrellgas, L.P.
 
69,205

 
93,507

Other assets, net
 
2,439

 
2,913

Total assets
 
$
71,650

 
$
96,603

 
 
 
 
 
LIABILITIES AND PARTNERS' DEFICIT
 
 
 
 
 
 
 
 
 
Other current liabilities
 
$
2,016

 
$
2,199

Long-term debt
 
182,000

 
182,000

 
 
 
 
 
Partners' deficit
 
 
 
 
Common unitholders (81,228,237 and 79,072,819 units outstanding at 2014 and 2013, respectively)
 
(57,893
)
 
(28,931
)
General partner (820,487 and 798,715 units outstanding at 2014 and 2013, respectively)
 
(60,654
)
 
(60,362
)
Accumulated other comprehensive income
 
6,181

 
1,697

Total Ferrellgas Partners, L.P. partners' deficit
 
(112,366
)
 
(87,596
)
Total liabilities and partners' deficit
 
$
71,650

 
$
96,603


FERRELLGAS PARTNERS, L.P.
PARENT ONLY
STATEMENTS OF EARNINGS
(in thousands)
 
 
For the year ended July 31,
 
 
2014
 
2013
 
2012
Equity in earnings of Ferrellgas, L.P.
 
$
49,403

 
$
72,634

 
$
5,533

Operating expense
 
23

 
(20
)
 
(350
)
 
 
 
 
 
 
 
Operating income
 
49,426

 
72,614

 
5,183

 
 
 
 
 
 
 
Interest expense
 
(16,170
)
 
(16,171
)
 
(16,127
)
Income tax expense
 
(45
)
 
(17
)
 
(8
)
 
 
 
 
 
 
 
Net earnings (loss)
 
$
33,211

 
$
56,426

 
$
(10,952
)


FERRELLGAS PARTNERS, L.P.
PARENT ONLY
STATEMENTS OF CASH FLOWS
(in thousands)
 
 
For the year ended July 31,
 
 
2014
 
2013
 
2012
Cash flows from operating activities:
 
 
 
 
 
 
Net earnings (loss)
 
$
33,211

 
$
56,426

 
$
(10,952
)
Reconciliation of net earnings (loss) to net cash used in operating activities:
 
 
 
 
 
 
Other
 
426

 
383

 
398

Equity in earnings of Ferrellgas, L.P.
 
(49,403
)
 
(72,634
)
 
(5,533
)
Net cash used in operating activities
 
(15,766
)
 
(15,825
)
 
(16,087
)
 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
Distributions received from Ferrellgas, L.P.
 
176,623

 
175,380

 
172,218

Cash contributed to Ferrellgas, L.P.
 
(51,105
)
 
(800
)
 
(50,700
)
Net cash provided by investing activities
 
125,518

 
174,580

 
121,518

 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
Distributions
 
(160,925
)
 
(159,682
)
 
(156,520
)
Cash paid for financing costs
 
(94
)
 

 
(135
)
Issuance of common units (net of issuance costs of $0, $0, and $62 for the years ended July 31, 2014, 2013 and 2012
 
50,000

 

 
49,938

Proceeds from exercise of common unit options
 
605

 
864

 
891

Cash contribution from general partners in connection with common unit issuances
 
511

 
9

 
511

Net cash used in financing activities
 
(109,903
)
 
(158,809
)
 
(105,315
)
 
 
 
 
 
 
 
Increase (decrease) in cash and cash equivalents
 
(151
)
 
(54
)
 
116

Cash and cash equivalents - beginning of year
 
157

 
211

 
95

Cash and cash equivalents - end of year
 
$
6

 
$
157

 
$
211