XML 21 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net earnings (loss) $ 168,615,000 $ (49,897,000)
Reconciliation of net earnings to net cash provided by operating activities:    
Depreciation and amortization expense 65,306,000 63,920,000
Non-cash employee stock ownership plan compensation charge 2,436,000 2,281,000
(Gain) loss on asset sales and disposals (6,566,000) 2,238,000
Loss on extinguishment of debt   109,922,000
Provision for expected credit losses 1,456,000 3,479,000
Deferred income tax expense (3,000)  
Other 5,596,000 6,524,000
Changes in operating assets and liabilities, net of effects from business acquisitions:    
Accounts and notes receivable, net of securitization (89,133,000) (72,557,000)
Inventories (12,175,000) 2,922,000
Prepaid expenses and other current assets 3,731,000 (11,273,000)
Accounts payable 32,758,000 20,520,000
Accrued interest expense (20,803,000) (12,986,000)
Other current liabilities (7,880,000) 31,213,000
Other assets and liabilities (15,167,000) 6,650,000
Net cash provided by (used) in operating activities 128,171,000 102,956,000
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (9,610,000)  
Capital expenditures (69,611,000) (50,470,000)
Proceeds from sale of assets 2,170,000 3,707,000
Cash payments to construct assets in connection with future lease transactions (1,425,000) (603,000)
Cash receipts in connection with leased vehicles 1,663,000 391,000
Net cash provided by (used in) investing activities (76,813,000) (46,975,000)
Cash flows from financing activities:    
Preferred unit distributions (47,783,000)  
Distributions (49,998,000)  
Proceeds from sale of preferred units, net   670,429,000
Fees in connection with Class B Unit exchange   (1,954,000)
Proceeds from issuance of long-term debt   1,475,000,000
Payments on long-term debt (1,208,000) (1,540,000)
Payment for settlement and early extinguishment of liabilities   (2,175,000,000)
Payment of redemption premium on debt extinguishment   (83,072,000)
Make-whole payments   (1,954,000)
Cash paid for financing costs (337,000) (43,520,000)
Cash payments for principal portion of lease liability (4,889,000) (5,282,000)
Net cash provided by (used in) financing activities (104,215,000) (166,893,000)
Net change in cash, cash equivalents and restricted cash (52,857,000) (110,912,000)
Cash, cash equivalents and restricted cash - beginning of period 281,952,000 333,761,000
Cash, cash equivalents and restricted cash - end of period 229,095,000 222,849,000
Ferrellgas Partners Finance Corp. [Member]    
Cash flows from operating activities:    
Net earnings (loss) (2,080,000) (2,490,000)
Changes in operating assets and liabilities, net of effects from business acquisitions:    
Prepaid expenses and other current assets   1,850
Other current liabilities 1,382,000  
Net cash provided by (used) in operating activities (698,000) (640)
Cash flows from financing activities:    
Capital contribution   640
Net cash provided by (used in) financing activities   640
Net change in cash, cash equivalents and restricted cash (698,000)  
Cash, cash equivalents and restricted cash - beginning of period 1,000,000 1,000
Cash, cash equivalents and restricted cash - end of period 302,000 1,000
Ferrellgas, L.P. [Member]    
Cash flows from operating activities:    
Net earnings (loss) 170,790,000 (22,474,000)
Reconciliation of net earnings to net cash provided by operating activities:    
Depreciation and amortization expense 65,306,000 63,920,000
Non-cash employee stock ownership plan compensation charge 2,436,000 2,281,000
(Gain) loss on asset sales and disposals (6,566,000) 2,238,000
Loss on extinguishment of debt   107,968,000
Provision for expected credit losses 1,456,000 3,479,000
Deferred income tax expense (3,000)  
Other 5,598,000 6,524,000
Changes in operating assets and liabilities, net of effects from business acquisitions:    
Accounts and notes receivable, net of securitization (89,133,000) (72,557,000)
Inventories (12,175,000) 2,922,000
Prepaid expenses and other current assets 3,730,000 (11,300,000)
Accounts payable 32,758,000 20,520,000
Accrued interest expense (20,803,000) (26,757,000)
Other current liabilities (7,937,000) 28,099,000
Other assets and liabilities (17,258,000) 5,401,000
Net cash provided by (used) in operating activities 128,199,000 110,264,000
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (9,610,000)  
Capital expenditures (69,611,000) (50,470,000)
Proceeds from sale of assets 2,170,000 3,707,000
Cash payments to construct assets in connection with future lease transactions (1,425,000) (603,000)
Cash receipts in connection with leased vehicles 1,663,000 391,000
Loan to Ferrellgas Partners, L.P.   (23,808,000)
Net cash provided by (used in) investing activities (76,813,000) (70,783,000)
Cash flows from financing activities:    
Preferred unit distributions (47,783,000)  
Distributions (50,000,000)  
Proceeds from sale of preferred units, net   670,429,000
Proceeds from issuance of long-term debt   1,475,000,000
Payments on long-term debt (1,208,000) (1,540,000)
Payment for settlement and early extinguishment of liabilities   (2,175,000,000)
Payment of redemption premium on debt extinguishment   (83,072,000)
Cash paid for financing costs (337,000) (43,520,000)
Cash payments for principal portion of lease liability (4,889,000) (5,282,000)
Net cash provided by (used in) financing activities (104,217,000) (162,985,000)
Net change in cash, cash equivalents and restricted cash (52,831,000) (123,504,000)
Cash, cash equivalents and restricted cash - beginning of period 281,688,000 333,755,000
Cash, cash equivalents and restricted cash - end of period 228,857,000 210,251,000
Ferrellgas Finance Corp. [Member]    
Cash flows from operating activities:    
Net earnings (loss) (2,400) (19,275)
Changes in operating assets and liabilities, net of effects from business acquisitions:    
Prepaid expenses and other current assets   1,500
Other current liabilities 1,110  
Net cash provided by (used) in operating activities (1,290) (17,775)
Cash flows from financing activities:    
Capital contribution 319 17,775
Net cash provided by (used in) financing activities 319 17,775
Net change in cash, cash equivalents and restricted cash (971)  
Cash, cash equivalents and restricted cash - beginning of period 1,100 1,100
Cash, cash equivalents and restricted cash - end of period $ 129 $ 1,100