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Supplemental Financial Statement Information
 9 Months Ended
Apr. 30, 2018
Supplemental Financial Statement Information
Supplemental financial statement information
 
Inventories consist of the following:
 
 
April 30, 2018
 
July 31, 2017
Propane gas and related products
 
$
58,142

 
$
67,049

Appliances, parts and supplies, and other
 
26,920

 
25,503

Inventories
 
$
85,062

 
$
92,552



In addition to inventories on hand, Ferrellgas enters into contracts to take delivery of propane for supply procurement purposes with terms that generally do not exceed 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of April 30, 2018, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 70.7 million gallons of propane at fixed prices.

Other assets, net consist of the following:
 
 
April 30, 2018
 
July 31, 2017
Notes receivable, less current portion
 
$
33,962

 
$
32,500

Other
 
38,132

 
41,557

  Other assets, net
 
$
72,094

 
$
74,057



Other current liabilities consist of the following:
 
 
April 30, 2018
 
July 31, 2017
Accrued interest

$
50,586

 
$
18,671

Customer deposits and advances
 
18,956

 
25,541

Other
 
89,333

 
82,012

Other current liabilities
 
$
158,875

 
$
126,224



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,
 
 
2018
 
2017
 
2018
 
2017
Operating expense
 
$
48,351

 
$
44,309

 
$
146,279

 
$
134,090

Depreciation and amortization expense
 
1,340

 
957

 
3,575

 
2,979

Equipment lease expense
 
6,507

 
6,564

 
18,872

 
19,882

   Total shipping and handling expenses
 
$
56,198

 
$
51,830

 
$
168,726

 
$
156,951



During the quarter ended January 31, 2018, Ferrellgas committed to a plan to dispose of all of its rail cars utilized in the Midstream operations segment and recognized a loss on assets held for sale of $35.5 million. During the quarter ended April 30, 2018, Ferrellgas completed the sale of all 1,292 rail cars and received approximately $51.3 million in cash. For the nine months ended April 30, 2018, "Loss on asset sales and disposals" includes a loss of $36.8 million related to the sale of these rail cars. Proceeds from the transaction were used to reduce outstanding debt on Ferrellgas' secured credit facility.

During the quarter ended January 31, 2018, Ferrellgas completed the sale of Bridger Energy, LLC, included in the Midstream operations segment, in exchange for an $8.5 million secured promissory note due in May 2020. For the nine months ended April 30, 2018, "Loss on asset sales and disposals" includes a loss of $3.8 million related to this sale. 

"Loss on asset sales and disposals" during the three and nine months ended April 30, 2018 and 2017 consists of:
 
 
For the three months ended April 30,
 
For the nine months ended April 30,
 
 
2018
 
2017
 
2018
 
2017
Loss on sale of assets classified as held for sale
 
$
1,237

 
$
—

 
$
36,752

 
$
—

Loss on sale of assets and other
 
5,033

 
2,393

 
9,662

 
8,861

Loss on asset sales and disposals
 
$
6,270

 
$
2,393

 
$
46,414

 
$
8,861



Certain cash flow and significant non-cash activities are presented below:
 
 
For the nine months ended April 30,
 
 
2018
 
2017
Cash paid (refunded) for:
 
 
 
 
Interest
 
$
85,171

 
$
73,276

Income taxes
 
$
(458
)
 
$
28

Non-cash investing and financing activities:
 
 
 
 
Liabilities incurred in connection with acquisitions
 
$
1,508

 
$
856

Change in accruals for property, plant and equipment additions
 
$
386

 
$
(111
)
Ferrellgas, L.P. [Member]  
Supplemental Financial Statement Information
Supplemental financial statement information
 
Inventories consist of the following:
 
 
April 30, 2018
 
July 31, 2017
Propane gas and related products
 
$
58,142

 
$
67,049

Appliances, parts and supplies, and other
 
26,920

 
25,503

Inventories
 
$
85,062

 
$
92,552



In addition to inventories on hand, Ferrellgas, L.P. enters into contracts to take delivery of propane for supply procurement purposes with terms that generally do not exceed 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of April 30, 2018, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 70.7 million gallons of propane at fixed prices.

Other assets, net consist of the following:
 
 
April 30, 2018
 
July 31, 2017
Notes receivable, less current portion
 
$
33,962

 
$
32,500

Other
 
38,132

 
41,557

  Other assets, net
 
$
72,094

 
$
74,057



Other current liabilities consist of the following:
 
 
April 30, 2018
 
July 31, 2017
Accrued interest
 
$
38,954

 
$
14,737

Customer deposits and advances
 
18,956

 
25,541

Other
 
89,333

 
81,738

Other current liabilities
 
$
147,243

 
$
122,016



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,
 
 
2018
 
2017
 
2018
 
2017
Operating expense
 
$
48,351

 
$
44,309

 
$
146,279

 
$
134,090

Depreciation and amortization expense
 
1,340

 
957

 
3,575

 
2,979

Equipment lease expense
 
6,507

 
6,564

 
18,872

 
19,882

   Total shipping and handling expenses
 
$
56,198

 
$
51,830

 
$
168,726

 
$
156,951



During the quarter ended January 31, 2018, Ferrellgas, L.P. committed to a plan to dispose of all of its rail cars utilized in the Midstream operations segment and recognized a loss on assets held for sale of $35.5 million. During the quarter ended April 30, 2018, Ferrellgas, L.P. completed the sale of all 1,292 of these rail cars and received approximately $51.3 million in cash. For the nine months ended April 30, 2018, "Loss on asset sales and disposals" includes a loss of $36.8 million related to the sale of these rail cars. Proceeds from the transaction were used to reduce outstanding debt on Ferrellgas L.P.'s secured credit facility.

During the quarter ended January 31, 2018, Ferrellgas, L.P. completed the sale of Bridger Energy, LLC, included in the Midstream operations segment, in exchange for an $8.5 million secured promissory note due in May 2020. For the nine months ended April 30, 2018, "Loss on asset sales and disposals" includes a loss of $3.8 million related to this sale. 

"Loss on asset sales and disposals" during the three and nine months ended April 30, 2018 and 2017 consists of:
 
 
For the three months ended April 30,
 
For the nine months ended April 30,
 
 
2018
 
2017
 
2018
 
2017
Loss on sale of assets classified as held for sale
 
$
1,237

 
$
—

 
$
36,752

 
$
—

Loss on sale of assets and other
 
5,033

 
2,393

 
9,662

 
8,861

Loss on asset sales and disposals
 
$
6,270

 
$
2,393

 
$
46,414

 
$
8,861


Certain cash flow and significant non-cash activities are presented below:
 
 
For the nine months ended April 30,
 
 
2018
 
2017
Cash paid (refunded) for:
 
 
 
 
Interest
 
$
69,775

 
$
67,314

Income taxes
 
$
(479
)
 
$
23

Non-cash investing and financing activities:
 
 
 
 
Liabilities incurred in connection with acquisitions
 
$
1,508

 
$
856

Change in accruals for property, plant and equipment additions
 
$
386

 
$
(111
)