Guarantor financial information (Tables) - Ferrellgas, L.P. [Member]

9 Months Ended

Apr. 30, 2019

Condensed Financial Statements, Captions [Line Items]

Condensed Balance Sheet [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	As of April 30, 2019
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	45,364	$	1	$	—	$	—	$	—	$	45,365
Accounts and notes receivable, net		(9,208)		—		150		166,287		—		157,229
Intercompany receivables		49,313		—		—		—		(49,313)		—
Inventories		78,449		—		—		—		—		78,449
Prepaid expenses and other current assets		25,427		—		(1)		1		—		25,427
Total current assets		189,345		1		149		166,288		(49,313)		306,470
Property, plant and equipment, net		603,924		—		(1)		—		—		603,923
Goodwill, net		247,508		—		—		—		—		247,508
Intangible assets, net		109,634		—		—		—		—		109,634
Investments in consolidated subsidiaries		52,776		—		—		—		(52,776)		—
Other assets, net		58,557		—		2,875		894		—		62,326
Total assets	$	1,261,744	$	1	$	3,023	$	167,182	$	(102,089)	$	1,329,861
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	41,296	$	—	$	—	$	112	$	—	$	41,408
Collateralized note payable		—		—		—		62,000		—		62,000
Intercompany payables		—		—		(192)		49,505		(49,313)		—
Other current liabilities		142,937		—		267		5,671		—		148,875
Total current liabilities		184,233		—		75		117,288		(49,313)		252,283
Long-term debt		1,730,874		—		—		—		—		1,730,874
Other liabilities		35,812		—		67		—		—		35,879
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(688,334)		1		2,881		49,894		(52,776)		(688,334)
Accumulated other comprehensive loss		(841)		—		—		—		—		(841)
Total partners' capital (deficit)		(689,175)		1		2,881		49,894		(52,776)		(689,175)
Total liabilities and partners' capital (deficit)	$	1,261,744	$	1	$	3,023	$	167,182	$	(102,089)	$	1,329,861

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	As of July 31, 2018
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	119,133	$	1	$	174	$	—	$	—	$	119,308
Accounts and notes receivable, net		(3,420)		—		9,395		120,079		—		126,054
Intercompany receivables		15,660		—		—		—		(15,660)		—
Inventories		83,694		—		—		—		—		83,694
Prepaid expenses and other current assets		34,050		—		775		5		—		34,830
Total current assets		249,117		1		10,344		120,084		(15,660)		363,886
Property, plant and equipment, net		557,689		—		34		—		—		557,723
Goodwill, net		246,098		—		—		—		—		246,098
Intangible assets, net		120,951		—		—		—		—		120,951
Investments in consolidated subsidiaries		59,937		—		—		—		(59,937)		—
Other assets, net		63,411		—		9,961		1,216		—		74,588
Total assets	$	1,297,203	$	1	$	20,339	$	121,300	$	(75,597)	$	1,363,246
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	45,171	$	—	$	1,547	$	102	$	—	$	46,820
Short-term borrowings		32,800		—		—		—		—		32,800
Collateralized note payable		—		—		—		58,000		—		58,000
Intercompany payables		—		—		(143)		15,803		(15,660)		—
Other current liabilities		131,702		—		6,036		353		—		138,091
Total current liabilities		209,673		—		7,440		74,258		(15,660)		275,711
Long-term debt		1,728,137		—		—		—		—		1,728,137
Other liabilities		39,471		—		5		—		—		39,476
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(700,811)		1		12,894		47,042		(59,937)		(700,811)
Accumulated other comprehensive income		20,733		—		—		—		—		20,733
Total partners' capital (deficit)		(680,078)		1		12,894		47,042		(59,937)		(680,078)
Total liabilities and partners' capital (deficit)	$	1,297,203	$	1	$	20,339	$	121,300	$	(75,597)	$	1,363,246

Condensed Income Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended April 30, 2019
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Propane and other gas liquids sales	$	459,556	$	—	$	—	$	—	$	—	$	459,556
Other		20,069		—		—		—		—		20,069
Total revenues		479,625		—		—		—		—		479,625
Costs and expenses:
Cost of sales - propane and other gas liquids sales		250,389		—		—		—		—		250,389
Cost of sales - other		2,320		—		—		—		—		2,320
Operating expense		124,078		—		(3)		968		(5,052)		119,991
Depreciation and amortization expense		20,506		—		—		111		—		20,617
General and administrative expense		11,511		1		—		—		—		11,512
Equipment lease expense		8,319		—		—		—		—		8,319
Non-cash employee stock ownership plan compensation charge		(4)		—		—		—		—		(4)
Loss on asset sales and disposals		1,683		—		—		—		—		1,683
Operating income (loss)		60,823		(1)		3		(1,079)		5,052		64,798
Interest expense		(34,206)		—		—		(1,189)		—		(35,395)
Other income (expense), net		278		—		(27)		2,834		(2,834)		251
Earnings (loss) before income taxes		26,895		(1)		(24)		566		2,218		29,654
Income tax expense (benefit)		(49)		—		149		—		—		100
Equity in earnings (loss) of subsidiaries		392		—		—		—		(392)		—
Net earnings (loss)		27,336		(1)		(173)		566		1,826		29,554
Other comprehensive loss		8,286		—		—		—		—		8,286
Comprehensive income (loss)	$	35,622	$	(1)	$	(173)	$	566	$	1,826	$	37,840

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended April 30, 2018
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Propane and other gas liquids sales	$	451,212	$	—	$	90	$	—	$	—	$	451,302
Midstream operations		—		—		22,595		—		—		22,595
Other		19,701		—		22,212		—		—		41,913
Total revenues		470,913		—		44,897		—		—		515,810
Costs and expenses:
Cost of sales - propane and other gas liquids sales		260,317		—		102		—		—		260,419
Cost of sales - midstream operations		—		—		14,518		—		—		14,518
Cost of sales - other		2,328		—		17,522		—		—		19,850
Operating expense		108,291		—		9,262		1,459		(2,433)		116,579
Depreciation and amortization expense		19,105		—		6,171		72		—		25,348
General and administrative expense		10,460		—		1,086		—		—		11,546
Equipment lease expense		7,045		—		88		—		—		7,133
Non-cash employee stock ownership plan compensation charge		2,738		—		—		—		—		2,738
Loss on asset sales and disposals		2,243		—		4,027		—		—		6,270
Operating income (loss)		58,386		—		(7,879)		(1,531)		2,433		51,409
Interest expense		(20,297)		—		(10,104)		(1,338)		—		(31,739)
Other income (expense), net		(133)		—		360		2,433		(2,433)		227
Earnings (loss) before income taxes		37,956		—		(17,623)		(436)		—		19,897
Income tax expense (benefit)		102		—		(45)		—		—		57
Equity in earnings (loss) of subsidiaries		(18,014)		—		—		—		18,014		—
Net earnings (loss)		19,840		—		(17,578)		(436)		18,014		19,840
Other comprehensive loss		(6,727)		—		—		—		—		(6,727)
Comprehensive income (loss)	$	13,113	$	—	$	(17,578)	$	(436)	$	18,014	$	13,113

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the nine months ended April 30, 2019
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Propane and other gas liquids sales	$	1,344,634	$	—	$	—	$	—	$	—	$	1,344,634
Other		60,628		—		49		—		—		60,677
Total revenues		1,405,262		—		49		—		—		1,405,311
Costs and expenses:
Cost of sales - propane and other gas liquids sales		766,056		—		—		—		—		766,056
Cost of sales - other		8,675		—		114		—		—		8,789
Operating expense		355,589		—		36		3,869		(7,953)		351,541
Depreciation and amortization expense		58,880		—		—		334		—		59,214
General and administrative expense		42,022		6		—		—		—		42,028
Equipment lease expense		24,597		—		—		—		—		24,597
Non-cash employee stock ownership plan compensation charge		4,688		—		—		—		—		4,688
Loss on asset sales and disposals		5,724		—		2,679		—		—		8,403
Operating income (loss)		139,031		(6)		(2,780)		(4,203)		7,953		139,995
Interest expense		(103,209)		—		(38)		(3,493)		—		(106,740)
Other income (expense), net		393		—		(37)		7,953		(7,953)		356
Earnings (loss) before income taxes		36,215		(6)		(2,855)		257		—		33,611
Income tax expense		105		—		149		—		—		254
Equity in earnings (loss) of subsidiary		(2,753)		—		—		—		2,753		—
Net earnings (loss)		33,357		(6)		(3,004)		257		2,753		33,357
Other comprehensive loss		(21,574)		—		—		—		—		(21,574)
Comprehensive income (loss)	$	11,783	$	(6)	$	(3,004)	$	257	$	2,753	$	11,783

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the nine months ended April 30, 2018
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Propane and other gas liquids sales	$	1,345,604	$	—	$	695	$	—	$	—	$	1,346,299
Midstream operations		—		—		260,631		—		—		260,631
Other		59,085		—		59,606		—		—		118,691
Total revenues		1,404,689		—		320,932		—		—		1,725,621
Costs and expenses:
Cost of sales - propane and other gas liquids sales		802,063		—		789		—		—		802,852
Cost of sales - midstream operations		—		—		229,710		—		—		229,710
Cost of sales - other		7,890		—		46,449		—		—		54,339
Operating expense		323,619		—		28,320		4,474		(5,656)		350,757
Depreciation and amortization expense		55,973		—		20,377		215		—		76,565
General and administrative expense		35,048		5		4,547		—		—		39,600
Equipment lease expense		20,555		—		273		—		—		20,828
Non-cash employee stock ownership plan compensation charge		10,731		—		—		—		—		10,731
Asset impairments		—		—		10,005		—		—		10,005
Loss on asset sales and disposals		3,706		—		42,708		—		—		46,414
Operating income (loss)		145,104		(5)		(62,246)		(4,689)		5,656		83,820
Interest expense		(61,903)		—		(33,028)		(3,062)		—		(97,993)
Other income (expense), net		490		—		932		5,656		(5,656)		1,422
Earnings (loss) before income taxes		83,691		(5)		(94,342)		(2,095)		—		(12,751)
Income tax expense		174		—		87		—		—		261
Equity in earnings (loss) of subsidiary		(96,529)		—		—		—		96,529		—
Net earnings (loss)		(13,012)		(5)		(94,429)		(2,095)		96,529		(13,012)
Other comprehensive income		3,102		—		—		—		—		3,102
Comprehensive income (loss)	$	(9,910)	$	(5)	$	(94,429)	$	(2,095)	$	96,529	$	(9,910)

Condensed Cash Flow Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the nine months ended April 30, 2019
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	111,008	$	(6)	$	24,589	$	(45,384)	$	(4,000)	$	86,207
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(11,351)		—		—		—		—		(11,351)
Capital expenditures		(94,660)		—		—		—		—		(94,660)
Proceeds from sale of assets		2,416		—		—		—		—		2,416
Cash collected for purchase of interest in accounts receivable		—		—		—		1,052,947		(1,052,947)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(1,056,947)		1,056,947		—
Net changes in advances with consolidated entities		—		—		—		—		—		—
Intercompany loan to affiliate		(20,638)		—		—		—		20,638		—
Other		—		—		—		—		—		—
Net cash provided by (used in) investing activities		(124,233)		—		—		(4,000)		24,638		(103,595)
Cash flows from financing activities:
Distributions		(25,568)		—		—		—		—		(25,568)
Reductions in long-term debt		(1,656)		—		—		—		—		(1,656)
Net reductions in short-term borrowings		(32,800)		—		—		—		—		(32,800)
Net additions to collateralized short-term borrowings		—		—		—		4,000		—		4,000
Net changes in advances with consolidated entities		—		6		(24,763)		45,395		(20,638)		—
Cash paid for financing costs		(520)		—		—		(11)		—		(531)
Net cash provided by (used in) financing activities		(60,544)		6		(24,763)		49,384		(20,638)		(56,555)
Net change in cash and cash equivalents		(73,769)		—		(174)		—		—		(73,943)
Cash and cash equivalents - beginning of year		119,133		1		174		—		—		119,308
Cash and cash equivalents - end of year	$	45,364	$	1	$	—	$	—	$	—	$	45,365

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the nine months ended April 30, 2018
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	65,604	$	(5)	$	(3,531)	$	66,878	$	(35,000)	$	93,946
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(14,862)		—		—		—		—		(14,862)
Capital expenditures		(57,158)		—		(1,803)		—		—		(58,961)
Proceeds from sale of assets		2,479		—		55,323		—		—		57,802
Cash collected for purchase of interest in accounts receivable		—		—		—		985,084		(985,084)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(1,020,084)		1,020,084		—
Net changes in advances with consolidated entities		116,871		—		—		—		(116,871)		—
Net cash provided by (used in) investing activities		47,330		—		53,520		(35,000)		(81,871)		(16,021)
Cash flows from financing activities:
Distributions		(45,495)		—		—		—		—		(45,495)
Proceeds from increase in long-term debt		23,580		—		—		—		—		23,580
Payments on long-term debt		(1,892)		—		—		—		—		(1,892)
Net reductions in short-term borrowings		(84,179)		—		—		—		—		(84,179)
Net additions to collateralized short-term borrowings		—		—		—		35,000		—		35,000
Net changes in advances with parent		—		5		(49,998)		(66,878)		116,871		—
Cash paid for financing costs		(1,149)		—		—		—		—		(1,149)
Net cash provided by (used in) financing activities		(109,135)		5		(49,998)		(31,878)		116,871		(74,135)
Net change in cash and cash equivalents		3,799		—		(9)		—		—		3,790
Cash and cash equivalents - beginning of year		5,327		1		373		—		—		5,701
Cash and cash equivalents - end of year	$	9,126	$	1	$	364	$	—	$	—	$	9,491