Supplemental Financial Statement Information

3 Months Ended

Oct. 31, 2017

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	October 31, 2017		July 31, 2017
Propane gas and related products	$	79,196	$	67,049
Crude oil	7,921		724
Appliances, parts and supplies	25,221		24,779
Inventories	$	112,338	$	92,552

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, 2017, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 119.3 million gallons of propane at fixed prices.

Other assets, net consist of the following:

	October 31, 2017		July 31, 2017
Note receivable - Jamex, less current portion	$	30,000	$	32,500
Other	50,559		41,557
Other assets, net	$	80,559	$	74,057

Other current liabilities consist of the following:

	October 31, 2017		July 31, 2017
Accrued interest	$	51,109	$	18,671
Customer deposits and advances	42,599		25,541
Other	107,171		82,012
Other current liabilities	$	200,879	$	126,224

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

	For the three months ended October 31,
	2017		2016
Operating expense	$	43,314	$	41,810
Depreciation and amortization expense	1,112		1,026
Equipment lease expense	6,069		6,666
Total shipping and handling expenses	$	50,495	$	49,502

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

	For the three months ended October 31,
	2017		2016
Cash paid for:
Interest	$	6,129	$	5,631
Income taxes	$	6	$	1
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	$	1,232	$	—
Change in accruals for property, plant and equipment additions	$	140	$	(189	)

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	October 31, 2017		July 31, 2017
Propane gas and related products	$	79,196	$	67,049
Crude oil	7,921		724
Appliances, parts and supplies	25,221		24,779
Inventories	$	112,338	$	92,552

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, 2017, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 119.3 million gallons of propane at fixed prices.

Other assets, net consist of the following:

	October 31, 2017		July 31, 2017
Note receivable - Jamex, less current portion	$	30,000	$	32,500
Other	50,559		41,557
Other assets, net	$	80,559	$	74,057

Other current liabilities consist of the following:

	October 31, 2017		July 31, 2017
Accrued interest	$	39,477	$	14,737
Customer deposits and advances	42,599		25,541
Other	107,185		81,738
Other current liabilities	$	189,261	$	122,016

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

	For the three months ended October 31,
	2017		2016
Operating expense	$	43,314	$	41,810
Depreciation and amortization expense	1,112		1,026
Equipment lease expense	6,069		6,666
Total shipping and handling expenses	$	50,495	$	49,502

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

	For the three months ended October 31,
	2017		2016
Cash paid for:
Interest	$	6,129	$	5,630
Non-cash investing and financing activities:
Liabilities incurred in connection with acquisitions	$	1,232	$	—
Change in accruals for property, plant and equipment additions	$	140	$	(189	)