Supplemental Financial Statement Information

6 Months Ended

Jan. 31, 2015

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	January 31, 2015		July 31, 2014
Propane gas and related products	$	104,169	$	121,111
Appliances, parts and supplies	28,104		24,858
Inventories	$	132,273	$	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 January 31, 2015, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 41.4 million gallons of propane at fixed prices.

Other current liabilities consist of the following:

	January 31, 2015		July 31, 2014
Accrued interest	$	12,229	$	12,182
Accrued payroll	17,465		37,120
Customer deposits and advances	24,772		25,412
Price risk management liabilities	34,488		83
Other	58,673		50,364
Other current liabilities	$	147,627	$	125,161

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

	For the three months ended January 31,				For the six months ended January 31,
	2015		2014		2015		2014
Operating expense	$	48,125	$	54,755	$	93,915	$	100,733
Depreciation and amortization expense	1,327		1,440		2,777		2,855
Equipment lease expense	5,713		3,767		10,578		7,394
	$	55,165	$	59,962	$	107,270	$	110,982

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	January 31, 2015		July 31, 2014
Propane gas and related products	$	104,169	$	121,111
Appliances, parts and supplies	28,104		24,858
Inventories	$	132,273	$	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 January 31, 2015, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 41.4 million gallons of propane at fixed prices.

Other current liabilities consist of the following:

	January 31, 2015		July 31, 2014
Accrued interest	$	10,223	$	10,176
Accrued payroll	17,465		37,120
Customer deposits and advances	24,772		25,412
Price risk management liabilities	34,488		83
Other	58,672		50,362
Other current liabilities	$	145,620	$	123,153

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

	For the three months ended January 31,				For the six months ended January 31,
	2015		2014		2015		2014
Operating expense	$	48,125	$	54,755	$	93,915	$	100,733
Depreciation and amortization expense	1,327		1,440		2,777		2,855
Equipment lease expense	5,713		3,767		10,578		7,394
	$	55,165	$	59,962	$	107,270	$	110,982