Schedule I Parent Only Balance Sheets, Statements Of Operations And Cash Flows

12 Months Ended

Jul. 31, 2022

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent only financial information

Schedule I

FERRELLGAS PARTNERS, L.P.
PARENT ONLY
BALANCE SHEETS
(in thousands, except unit data)

	July 31,		July 31,
	2022		2021
ASSETS
Cash and cash equivalents	$	271	$	264
Prepaid expenses and other current assets		21		19
Total assets	$	292	$	283
LIABILITIES AND PARTNERS’ DEFICIT
Other current liabilities	$	277	$	17,219
Investment in Ferrellgas, L.P.		880,239		798,177
Partners’ deficit
Class A (4,857,605 units outstanding at 2022 and 2021)		(1,229,823)		(1,214,813)
Class B (1,300,000 units outstanding at 2022 and 2021)		383,012		383,012
General partner unitholder (49,496 units outstanding at 2022 and 2021)		(71,320)		(72,178)
Accumulated other comprehensive income		37,907		88,866
Total Ferrellgas Partners, L.P. partners' deficit		(880,224)		(815,113)
Total liabilities and partners’ deficit	$	292	$	283

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF OPERATIONS

(in thousands)

	For the year ended July 31,
	2022		2022		2020
Equity in earnings (loss) of Ferrellgas, L.P.	$	150,262	$	(44,740)	$	(49,261)
Operating, general and administrative expense		(13)		(389)		(116)
Operating income (loss)		150,249		(45,129)		(49,377)
Interest expense		—		(13,771)		(33,073)
Gain on extinguishment of debt		—		3,137		—
Other expense, net		(2,251)		(2,191)		—
Reorganization expense - professional fees		—		(10,443)		—
Income tax expense		(5)		(14)		(49)
Net earnings (loss)		147,993		(68,411)		(82,499)
Less: Distribution to Class B Unitholders		99,996		—		—
Net earnings (loss) attributable to Ferrellgas, L.P.	$	47,997	$	(68,411)	$	(82,499)

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF CASH FLOWS

(in thousands)

	For the year ended July 31,
	2022		2021		2020
Cash flows from operating activities:
Net earnings (loss)	$	147,993	$	(68,411)	$	(82,499)
Reconciliation of net earnings (loss) to net cash used in operating activities:
Other		(16,944)		16,208		17,749
Gain on extinguishment of debt		—		(3,137)		—
Equity in (earnings) loss of Ferrellgas, L.P.		(150,262)		44,740		49,261
Net cash used in operating activities		(19,213)		(10,600)		(15,489)
Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.		119,216		—		15,496
Loan from Ferrellgas, L.P.		—		14,810		—
Net cash provided by investing activities		119,216		14,810		15,496
Cash flows from financing activities:
Distributions paid to Class B unitholders		(99,996)		—		—
Cash paid for financing costs		—		—		(9)
Fees in connection with Class B unit exchange		—		(1,988)		—
Make-whole payments		—		(1,964)		—
Net cash used in financing activities		(99,996)		(3,952)		(9)
Net increase (decrease) in cash and cash equivalents		7		258		(2)
Cash and cash equivalents - beginning of year		264		6		8
Cash and cash equivalents - end of year	$	271	$	264	$	6