Supplemental Financial Statement Information

3 Months Ended

Oct. 31, 2014

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	October 31, 2014		July 31, 2014
Propane gas and related products	$	151,750	$	121,111
Appliances, parts and supplies	25,808		24,858
Inventories	$	177,558	$	145,969

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes with terms up to 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of October 31, 2014, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 70.6 million gallons of propane at fixed prices.

Other current liabilities consist of the following:

	October 31, 2014		July 31, 2014
Accrued interest	$	32,252	$	12,182
Accrued payroll	16,747		37,120
Customer deposits and advances	37,671		25,412
Other	60,979		50,447
Other current liabilities	$	147,649	$	125,161

Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:

	For the three months ended October 31,
	2014		2013
Operating expense	$	45,790	$	45,978
Depreciation and amortization expense	1,449		1,415
Equipment lease expense	4,866		3,627
	$	52,105	$	51,020

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	October 31, 2014		July 31, 2014
Propane gas and related products	$	151,750	$	121,111
Appliances, parts and supplies	25,808		24,858
Inventories	$	177,558	$	145,969

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes with terms up to 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of October 31, 2014, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 70.6 million gallons of propane at fixed prices.

Other current liabilities consist of the following:

	October 31, 2014		July 31, 2014
Accrued interest	$	26,322	$	10,176
Accrued payroll	16,747		37,120
Customer deposits and advances	37,671		25,412
Other	60,976		50,445
Other current liabilities	$	141,716	$	123,153

Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:

	For the three months ended October 31,
	2014		2013
Operating expense	$	45,790	$	45,978
Depreciation and amortization expense	1,449		1,415
Equipment lease expense	4,866		3,627
	$	52,105	$	51,020