Supplemental Financial Statement Information

9 Months Ended

Apr. 30, 2017

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	April 30, 2017		July 31, 2016
Propane gas and related products	$	60,370	$	59,726
Crude oil	6,112		4,642
Appliances, parts and supplies	26,275		26,226
Inventories	$	92,757	$	90,594

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes with terms generally up to 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of April 30, 2017, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 104.5 million gallons of propane at fixed prices.

Other assets, net consist of the following:

	April 30, 2017		July 31, 2016
Note receivable - Jamex	$	35,000	$	39,760
Other	44,017		47,463
Other assets, net	$	79,017	$	87,223

Other current liabilities consist of the following:

	April 30, 2017		July 31, 2016
Accrued interest	$	50,677	$	16,623
Customer deposits and advances	20,908		27,391
Price risk management liabilities	2,775		18,401
Other	77,113		66,543
Other current liabilities	$	151,473	$	128,958

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

	For the three months ended April 30,				For the nine months ended April 30,
	2017		2016		2017		2016
Operating expense	$	44,309	$	42,378	$	134,090	$	126,946
Depreciation and amortization expense	957		1,071		2,979		3,268
Equipment lease expense	6,564		6,470		19,882		19,385
	$	51,830	$	49,919	$	156,951	$	149,599

Loss on asset sales and disposal consists of the following:

	For the three months ended April 30,				For the nine months ended April 30,
	2017		2016		2017		2016
Loss on assets held for sale	$	—	$	—	$	—	$	12,112
Loss on sale of assets held for sale	—		896		—		1,687
Loss on sale of assets and other	2,393		4,883		8,861		9,421
Loss on asset sales and disposal	$	2,393	$	5,779	$	8,861	$	23,220

Certain cash flow and significant non-cash activities are presented below:

	For the nine months ended April 30,
	2017			2016
Cash paid for:
Interest	$	73,276		$	71,409
Income taxes	$	28		$	432
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	$	856		$	1,239
Change in accruals for property, plant and equipment additions	$	(111	)	$	1,293

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	April 30, 2017		July 31, 2016
Propane gas and related products	$	60,370	$	59,726
Crude oil	6,112		4,642
Appliances, parts and supplies	26,275		26,226
Inventories	$	92,757	$	90,594

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes with terms generally up to 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of April 30, 2017, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 104.5 million gallons of propane at fixed prices.

Other assets, net consist of the following:

	April 30, 2017		July 31, 2016
Note receivable - Jamex	$	35,000	$	39,760
Other	44,017		47,463
Other assets, net	$	79,017	$	87,223

Other current liabilities consist of the following:

	April 30, 2017		July 31, 2016
Accrued interest	$	39,045	$	14,617
Customer deposits and advances	20,908		27,391
Price risk management liabilities	2,775		18,401
Other	76,735		66,543
Other current liabilities	$	139,463	$	126,952

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

	For the three months ended April 30,				For the nine months ended April 30,
	2017		2016		2017		2016
Operating expense	$	44,309	$	42,378	$	134,090	$	126,946
Depreciation and amortization expense	957		1,071		2,979		3,268
Equipment lease expense	6,564		6,470		19,882		19,385
	$	51,830	$	49,919	$	156,951	$	149,599

Loss on asset sales and disposal consists of the following:

	For the three months ended April 30,				For the nine months ended April 30,
	2017		2016		2017		2016
Loss on assets held for sale	$	—	$	—	$	—	$	12,112
Loss on sale of assets held for sale	—		896		—		1,687
Loss on sale of assets and other	2,393		4,883		8,861		9,421
Loss on asset sales and disposal	$	2,393	$	5,779	$	8,861	$	23,220

Certain cash flow and significant non-cash activities are presented below:

	For the nine months ended April 30,
	2017			2016
Cash paid for:
Interest	$	67,314		$	63,559
Income taxes	$	23		$	427
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	$	856		$	1,239
Change in accruals for property, plant and equipment additions	$	(111	)	$	1,293