Segment Reporting Segment Reporting (Tables)

6 Months Ended

Jan. 31, 2018

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 January 31,						Six months ended January 31,
	2018			2017			2018			2017
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	$	(1,843	)	$	38,098		$	(49,758	)	$	(4,975	)
Income tax expense (benefit)	(162		)	588			215			(2		)
Interest expense	42,673			36,819			83,480			72,247
Depreciation and amortization expense	25,485			25,607			51,217			51,809
EBITDA	66,153			101,112			85,154			119,079
Non-cash employee stock ownership plan compensation charge	4,031			2,945			7,993			6,699
Non-cash stock-based compensation charge	—			1,417			—			3,298
Asset impairments	10,005			—			10,005			—
Loss on asset sales and disposals	39,249			45			40,144			6,468
Other income, net	(684		)	(763		)	(1,195		)	(1,271		)
Severance costs	—			490			1,663			1,959
Professional fees	2,118			—			2,118			—
Unrealized (non-cash) loss (gain) on changes in fair value of derivatives not designated as hedging instruments	(314		)	(646		)	1,293			(2,215		)
Net earnings (loss) attributable to noncontrolling interest	69			430			(332		)	32
Adjusted EBITDA	$	120,627		$	105,030		$	146,843		$	134,049

Reconciliation of Assets from Segment to Consolidated

Following are total assets by segment:



Assets	January 31, 2018		July 31, 2017
Propane operations and related equipment sales	$	1,361,856	$	1,194,905
Midstream operations	309,952		399,356
Corporate	15,251		15,708
Total consolidated assets	$	1,687,059	$	1,609,969

Profit Measure [Member]

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Following is a summary of segment information for the three and six months ended January 31, 2018 and 2017:



	Three months ended January 31, 2018
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	637,880	$	117,276	$	—		$	755,156
Direct costs (1)	507,386		114,929		12,214			634,529
Adjusted EBITDA	$	130,494	$	2,347	$	(12,214	)	$	120,627

	Three months ended January 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	482,463	$	96,787	$	—		$	579,250
Direct costs (1)	370,175		93,718		10,327			474,220
Adjusted EBITDA	$	112,288	$	3,069	$	(10,327	)	$	105,030

	Six months ended January 31, 2018
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	971,775	$	238,036	$	—		$	1,209,811
Direct costs (1)	810,715		228,830		23,423			1,062,968
Adjusted EBITDA	$	161,060	$	9,206	$	(23,423	)	$	146,843

	Six months ended January 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	753,961	$	204,831	$	—		$	958,792
Direct costs (1)	607,189		196,491		21,063			824,743
Adjusted EBITDA	$	146,772	$	8,340	$	(21,063	)	$	134,049

(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 , "severance charge", "professional fees incurred related to a lawsuit", and "unrealized (non-cash) loss (gain) on changes in fair value of derivatives not designated as hedging instruments".

Capital Expenditures [Member]

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Following are capital expenditures by segment:



	Six months ended January 31, 2018
	Propane operations and related equipment sales		Midstream operations		Corporate		Total
Capital expenditures:
Maintenance	$	12,016	$	182	$	1,245	$	13,443
Growth	18,311		1,013		—		19,324
Total	$	30,327	$	1,195	$	1,245	$	32,767


	Six months ended January 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate		Total
Capital expenditures:
Maintenance	$	5,551	$	204	$	1,484	$	7,239
Growth	9,857		—		—		9,857
Total	$	15,408	$	204	$	1,484	$	17,096

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 January 31,						Six months ended January 31,
	2018			2017			2018			2017
Net earnings (loss)	$	6,847		$	42,600		$	(32,852	)	$	3,160
Income tax expense (benefit)	(167		)	588			204			(3		)
Interest expense	34,058			32,748			66,254			64,146
Depreciation and amortization expense	25,485			25,607			51,217			51,809
EBITDA	66,223			101,543			84,823			119,112
Non-cash employee stock ownership plan compensation charge	4,031			2,945			7,993			6,699
Non-cash stock-based compensation charge	—			1,417			—			3,298
Asset impairments	10,005			—			10,005			—
Loss on asset sales and disposals	39,249			45			40,144			6,468
Other income, net	(684		)	(763		)	(1,195		)	(1,271		)
Severance costs	—			490			1,663			1,959
Professional fees	2,118			—			2,118			—
Unrealized (non-cash) loss (gain) on changes in fair value of derivatives not designated as hedging instruments	(314		)	(646		)	1,293			(2,215		)
Adjusted EBITDA	$	120,628		$	105,031		$	146,844		$	134,050

Reconciliation of Assets from Segment to Consolidated

Following are total assets by segment:



Assets	January 31, 2018		July 31, 2017
Propane operations and related equipment sales	$	1,361,856	$	1,194,905
Midstream operations	309,952		399,356
Corporate	15,242		15,687
Total consolidated assets	$	1,687,050	$	1,609,948

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

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Following is a summary of segment information for the three and six months ended January 31, 2018 and 2017:



	Three months ended January 31, 2018
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	637,880	$	117,276	$	—		$	755,156
Direct costs (1)	507,386		114,929		12,213			634,528
Adjusted EBITDA	$	130,494	$	2,347	$	(12,213	)	$	120,628

	Three months ended January 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	482,463	$	96,787	$	—		$	579,250
Direct costs (1)	370,175		93,718		10,326			474,219
Adjusted EBITDA	$	112,288	$	3,069	$	(10,326	)	$	105,031

	Six months ended January 31, 2018
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	971,775	$	238,036	$	—		$	1,209,811
Direct costs (1)	810,715		228,830		23,422			1,062,967
Adjusted EBITDA	$	161,060	$	9,206	$	(23,422	)	$	146,844

	Six months ended January 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate			Total
Segment revenues	$	753,961	$	204,831	$	—		$	958,792
Direct costs (1)	607,189		196,490		21,063			824,742
Adjusted EBITDA	$	146,772	$	8,341	$	(21,063	)	$	134,050

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

Segment Reporting Information

Schedule of Segment Reporting Information, by Segment

Following are capital expenditures by segment:



	Six months ended January 31, 2018
	Propane operations and related equipment sales		Midstream operations		Corporate		Total
Capital expenditures:
Maintenance	$	12,016	$	182	$	1,245	$	13,443
Growth	18,311		1,013		—		19,324
Total	$	30,327	$	1,195	$	1,245	$	32,767


	Six months ended January 31, 2017
	Propane operations and related equipment sales		Midstream operations		Corporate		Total
Capital expenditures:
Maintenance	$	5,551	$	204	$	1,484	$	7,239
Growth	9,857		—		—		9,857
Total	$	15,408	$	204	$	1,484	$	17,096