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

3 Months Ended

Oct. 31, 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 October 31, 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	$	29,732	$	1	$	—	$	—	$	—	$	29,733
Accounts and notes receivable, net		7,891		—		30		115,920		—		123,841
Intercompany receivables		(7,736)		—		—		—		7,736		—
Inventories		84,995		—		—		—		—		84,995
Prepaid expenses and other current assets		50,426		—		—		—		—		50,426
Total current assets		165,308		1		30		115,920		7,736		288,995
Property, plant and equipment, net		598,887		—		—		—		—		598,887
Goodwill, net		247,195		—		—		—		—		247,195
Intangible assets, net		108,493		—		—		—		—		108,493
Investments in consolidated subsidiaries		55,600		—		—		—		(55,600)		—
Operating lease right-of-use assets		124,047		—		—		—		—		124,047
Other assets, net		72,517		—		2,255		671		—		75,443
Total assets	$	1,372,047	$	1	$	2,285	$	116,591	$	(47,864)	$	1,443,060
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	44,421	$	—	$	—	$	—	$	—	$	44,421
Short-term borrowings		80,000		—		—		—		—		80,000
Collateralized note payable		—		—		—		73,000		—		73,000
Intercompany payables		—		—		—		(7,736)		7,736		—
Current portion of long-term debt		2,230		—		—		—		—		2,230
Current operating lease liabilities		33,832		—		—		—		—		33,832
Other current liabilities		178,086		—		13		(2,000)		—		176,099
Total current liabilities		338,569		—		13		63,264		7,736		409,582
Long-term debt		1,731,920		—		—		—		—		1,731,920
Operating lease liabilities		88,773		—		—		—		—		88,773
Other liabilities		36,915		—		—		—		—		36,915
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(803,335)		1		2,272		53,327		(55,600)		(803,335)
Accumulated other comprehensive loss		(20,795)		—		—		—		—		(20,795)
Total partners' capital (deficit)		(824,130)		1		2,272		53,327		(55,600)		(824,130)
Total liabilities and partners' capital (deficit)	$	1,372,047	$	1	$	2,285	$	116,591	$	(47,864)	$	1,443,060

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	As of July 31, 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	$	11,045	$	1	$	—	$	—	$	—	$	11,046
Accounts and notes receivable, net		(3,912)		—		35		111,473		—		107,596
Intercompany receivables		(5,650)		—		—		—		5,650		—
Inventories		80,454		—		—		—		—		80,454
Prepaid expenses and other current assets		42,158		—		(1)		—		—		42,157
Total current assets		124,095		1		34		111,473		5,650		241,253
Property, plant and equipment, net		596,724		—		(1)		—		—		596,723
Goodwill, net		247,195		—		—		—		—		247,195
Intangible assets, net		108,557		—		—		—		—		108,557
Investments in consolidated subsidiaries		52,999		—		—		—		(52,999)		—
Other assets, net		65,447		—		2,875		783		—		69,105
Total assets	$	1,195,017	$	1	$	2,908	$	112,256	$	(47,349)	$	1,262,833
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	33,252	$	—	$	—	$	112	$	—	$	33,364
Short-term borrowings		43,000		—		—		—		—		43,000
Collateralized note payable		—		—		—		62,000		—		62,000
Intercompany payables		—		—		(192)		(5,458)		5,650		—
Current portion of long-term debt		277,029		—		—		—		—		277,029
Other current liabilities		128,666		—		20		5,617		—		134,303
Total current liabilities		481,947		—		(172)		62,271		5,650		549,696
Long-term debt		1,457,004		—		—		—		—		1,457,004
Other liabilities		36,469		—		67		—		—		36,536
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(765,756)		1		3,013		49,985		(52,999)		(765,756)
Accumulated other comprehensive income		(14,647)		—		—		—		—		(14,647)
Total partners' capital (deficit)		(780,403)		1		3,013		49,985		(52,999)		(780,403)
Total liabilities and partners' capital (deficit)	$	1,195,017	$	1	$	2,908	$	112,256	$	(47,349)	$	1,262,833

Condensed Income Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended October 31, 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	$	273,385	$	—	$	—	$	—	$	—	$	273,385
Other		19,829		—		—		—		—		19,829
Total revenues		293,214		—		—		—		—		293,214
Costs and expenses:
Cost of sales - propane and other gas liquids sales		134,028		—		—		—		—		134,028
Cost of sales - other		3,681		—		—		—		—		3,681
Operating expense - personnel, vehicle, plant and other		114,543		—		—		885		(885)		114,543
Depreciation and amortization expense		19,107		—		—		112		—		19,219
General and administrative expense		9,695		1		—		—		—		9,696
Operating expense - equipment lease expense		8,388		—		—		—		—		8,388
Non-cash employee stock ownership plan compensation charge		795		—		—		—		—		795
Loss on asset sales and disposals		2,235		—		—		—		—		2,235
Operating income (loss)		742		(1)		—		(997)		885		629
Interest expense		(35,691)		—		—		(1,186)		—		(36,877)
Other income (expense), net		(132)		—		—		720		(720)		(132)
Earnings (loss) before income taxes		(35,081)		(1)		—		(1,463)		165		(36,380)
Income tax expense		518		—		—		—		—		518
Equity in earnings (loss) of subsidiaries		(1,464)		—		—		—		1,464		—
Net earnings (loss)		(37,063)		(1)		—		(1,463)		1,629		(36,898)
Other comprehensive loss		(6,148)		—		—		—		—		(6,148)
Comprehensive income (loss)	$	(43,211)	$	(1)	$	—	$	(1,463)	$	1,629	$	(43,046)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended October 31, 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	$	334,966	$	—	$	—	$	—	$	—	$	334,966
Other		17,343		—		—		—		—		17,343
Total revenues		352,309		—		—		—		—		352,309
Costs and expenses:
Cost of sales - propane and other gas liquids sales		204,136		—		—		—		—		204,136
Cost of sales - other		3,047		—		—		—		—		3,047
Operating expense		110,331		—		—		1,017		(1,017)		110,331
Depreciation and amortization expense		18,881		—		—		111		—		18,992
General and administrative expense		14,173		2		—		—		—		14,175
Equipment lease expense		7,863		—		—		—		—		7,863
Non-cash employee stock ownership plan compensation charge		2,748		—		—		—		—		2,748
Loss on asset sales and disposals		1,996		—		2,508		—		—		4,504
Operating income (loss)		(10,866)		(2)		(2,508)		(1,128)		1,017		(13,487)
Interest expense		(34,348)		—		—		(847)		—		(35,195)
Other income (expense), net		19		—		—		2,203		(2,203)		19
Earnings (loss) before income taxes		(45,195)		(2)		(2,508)		228		(1,186)		(48,663)
Income tax expense		151		—		—		—		—		151
Equity in earnings (loss) of subsidiary		(2,282)		—		—		—		2,282		—
Net earnings (loss)		(47,628)		(2)		(2,508)		228		1,096		(48,814)
Other comprehensive loss		(12,587)		—		—		—		—		(12,587)
Comprehensive income (loss)	$	(60,215)	$	(2)	$	(2,508)	$	228	$	1,096	$	(61,401)

Condensed Cash Flow Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the three months ended October 31, 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	$	21,350	$	(1)	$	506	$	(3,708)	$	(11,000)	$	7,147
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(6,400)		—		—		—		—		(6,400)
Capital expenditures		(18,126)		—		—		—		—		(18,126)
Proceeds from sale of assets		835		—		—		—		—		835
Cash collected for purchase of interest in accounts receivable		—		—		—		161,600		(161,600)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(172,600)		172,600		—
Intercompany loan to affiliate		(3,203)		—		—		—		3,203		—
Cash payments to construct assets in connection with future lease transactions		(16,879)		—		—		—		—		(16,879)
Cash receipts in connection with leased vehicles		5,863		—		—		—		—		5,863
Other		—		—		—		—		—		—
Net cash used in investing activities		(37,910)		—		—		(11,000)		14,203		(34,707)
Cash flows from financing activities:
Distributions		(101)		—		—		—		—		(101)
Reductions in long-term debt		(512)		—		—		—		—		(512)
Net additions to short-term borrowings		37,000		—		—		—		—		37,000
Net additions to collateralized short-term borrowings		—		—		—		11,000		—		11,000
Cash payments on lease liabilities		—		—		—		—		—		—
Net changes in advances with consolidated entities		—		1		(506)		3,708		(3,203)		—
Cash paid for financing costs and other		(1,140)		—		—		—		—		(1,140)
Net cash provided by (used in) financing activities		35,247		1		(506)		14,708		(3,203)		46,247
Net change in cash and cash equivalents		18,687		—		—		—		—		18,687
Cash and cash equivalents - beginning of year		11,045		1		—		—		—		11,046
Cash and cash equivalents - end of year	$	29,732	$	1	$	—	$	—	$	—	$	29,733

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the three months ended October 31, 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	$	11,666	$	(2)	$	19,961	$	(17,231)	$	(32,000)	$	(17,606)
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(4,625)		—		—		—		—		(4,625)
Capital expenditures		(23,433)		—		—		—		—		(23,433)
Proceeds from sale of assets		1,061		—		—		—		—		1,061
Cash collected for purchase of interest in accounts receivable		—		—		—		242,912		(242,912)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(274,912)		274,912		—
Net changes in advances with consolidated entities		2,585		—		—		—		(2,585)		—
Other		(292)		—		—		—		—		(292)
Net cash provided by (used in) investing activities		(24,704)		—		—		(32,000)		29,415		(27,289)
Cash flows from financing activities:
Distributions		(10,015)		—		—		—		—		(10,015)
Proceeds from increase in long-term debt		—		—		—		—		—		—
Payments on long-term debt		(281)		—		—		—		—		(281)
Net reductions in short-term borrowings		(32,800)		—		—		—		—		(32,800)
Net additions to collateralized short-term borrowings		—		—		—		32,000		—		32,000
Net changes in advances with parent		—		2		(19,829)		17,242		2,585		—
Cash paid for financing costs		(213)		—		—		(11)		—		(224)
Net cash provided by (used in) financing activities		(43,309)		2		(19,829)		49,231		2,585		(11,320)
Net change in cash and cash equivalents		(56,347)		—		132		—		—		(56,215)
Cash and cash equivalents - beginning of year		119,133		1		174		—		—		119,308
Cash and cash equivalents - end of year	$	62,786	$	1	$	306	$	—	$	—	$	63,093