Segment Reporting Segment Reporting (Tables)

3 Months Ended

Oct. 31, 2017

Segment Reporting Information

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

Following is a reconciliation of Ferrellgas' total segment performance measure to condensed consolidated net earnings (loss):

	Three months ended October 31,
	2017			2016
Net loss attributable to Ferrellgas Partners, L.P.	$	(47,915	)	$	(43,073	)
Income tax expense (benefit)	377			(590		)
Interest expense	40,807			35,428
Depreciation and amortization expense	25,732			26,202
EBITDA	19,001			17,967
Non-cash employee stock ownership plan compensation charge	3,962			3,754
Non-cash stock-based compensation charge	—			1,881
Loss on asset sales and disposal	895			6,423
Other income, net	(511		)	(508		)
Severance costs	1,663			1,469
Unrealized (non-cash) loss (gain) on changes in fair value of derivatives not designated as hedging instruments	1,607			(1,569		)
Net loss attributable to noncontrolling interest	(401		)	(398		)
Adjusted EBITDA	$	26,216		$	29,019

Reconciliation of Assets from Segment to Consolidated

Following are total assets by segment:

Assets	October 31, 2017		July 31, 2017
Propane operations and related equipment sales	$	1,292,686	$	1,194,905
Midstream operations	397,653		399,356
Corporate and unallocated	14,615		15,708
Total consolidated assets	$	1,704,954	$	1,609,969

Ferrellgas, L.P. [Member]

Segment Reporting Information

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

Following is a reconciliation of Ferrellgas, L.P.'s total segment performance measure to condensed consolidated net earnings (loss):

	Three months ended October 31,
	2017			2016
Net loss	$	(39,699	)	$	(39,440	)
Income tax expense (benefit)	371			(591		)
Interest expense	32,196			31,398
Depreciation and amortization expense	25,732			26,202
EBITDA	18,600			17,569
Non-cash employee stock ownership plan compensation charge	3,962			3,754
Non-cash stock-based compensation charge	—			1,881
Loss on asset sales and disposal	895			6,423
Other income, net	(511		)	(508		)
Severance costs	1,663			1,469
Unrealized (non-cash) loss (gain) on changes in fair value of derivatives not designated as hedging instruments	1,607			(1,569		)
Adjusted EBITDA	$	26,216		$	29,019

Reconciliation of Assets from Segment to Consolidated

Following are total assets by segment:

Assets	October 31, 2017		July 31, 2017
Propane operations and related equipment sales	$	1,292,686	$	1,194,905
Midstream operations	397,653		399,356
Corporate and unallocated	14,600		15,687
Total consolidated assets	$	1,704,939	$	1,609,948

Profit Measure [Member]

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Following is a summary of segment information for the three months ended October 31, 2017 and 2016:

	Three months ended October 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	333,895	$	120,760	$	—		$	454,655
Direct costs (1)	303,329		113,901		11,209			428,439
Adjusted EBITDA	$	30,566	$	6,859	$	(11,209	)	$	26,216
	Three months ended October 31, 2016
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	271,498	$	108,044	$	—		$	379,542
Direct costs (1)	237,014		102,773		10,736			350,523
Adjusted EBITDA	$	34,484	$	5,271	$	(10,736	)	$	29,019

(1) Direct costs are comprised of "cost of products sold-propane and other gas liquids sales", "cost of products sold-midstream operations", "cost of products sold-other", "operating expense", "general and administrative expense", and "equipment lease expense" less "non-cash stock-based compensation charge", "change in fair value of contingent consideration", "severance charge", "litigation accrual and related legal fees associated with a class action lawsuit", "unrealized (non-cash) loss (gain) on changes in fair value of derivatives not designated as hedging instruments" and "acquisition and transition expenses".

Profit Measure [Member] | Ferrellgas, L.P. [Member]

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Following is a summary of segment information for the three months ended October 31, 2017 and 2016:

	Three months ended October 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	333,895	$	120,760	$	—		$	454,655
Direct costs (1)	303,329		113,901		11,209			428,439
Adjusted EBITDA	$	30,566	$	6,859	$	(11,209	)	$	26,216
	Three months ended October 31, 2016
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	271,498	$	108,044	$	—		$	379,542
Direct costs (1)	237,014		102,773		10,736			350,523
Adjusted EBITDA	$	34,484	$	5,271	$	(10,736	)	$	29,019

(1) Direct costs are comprised of "cost of sales-propane and other gas liquids sales", "cost of products sold-midstream operations", "cost of products sold-other", "operating expense", "general and administrative expense", and "equipment lease expense" less "non-cash stock-based compensation charge", "change in fair value of contingent consideration", "severance charge", "litigation accrual and related legal fees associated with a class action lawsuit", "unrealized (non-cash) loss (gain) on changes in fair value of derivatives not designated as hedging instruments" and "acquisition and transition expenses".

Capital Expenditures [Member]

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Following are capital expenditures by segment:

	Three months ended October 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate		Total
Capital expenditures:
Maintenance	$	8,351	$	3	$	239	$	8,593
Growth	9,688		664		—		10,352
Total	$	18,039	$	667	$	239	$	18,945
	Three months ended October 31, 2016
	Propane operations and related equipment sales		Midstream operations		Corporate		Total
Capital expenditures:
Maintenance	$	1,831	$	127	$	1,306	$	3,264
Growth	5,414		—		—		5,414
Total	$	7,245	$	127	$	1,306	$	8,678

Capital Expenditures [Member] | Ferrellgas, L.P. [Member]

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Following are capital expenditures by segment:

	Three months ended October 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate		Total
Capital expenditures:
Maintenance	$	8,351	$	3	$	239	$	8,593
Growth	9,688		664		—		10,352
Total	$	18,039	$	667	$	239	$	18,945
	Three months ended October 31, 2016
	Propane operations and related equipment sales		Midstream operations		Corporate		Total
Capital expenditures:
Maintenance	$	1,831	$	127	$	1,306	$	3,264
Growth	5,414		—		—		5,414
Total	$	7,245	$	127	$	1,306	$	8,678