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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Jul. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Financial Derivatives Balance Sheet Locations

Final

July 31, 2022

Maturity

Asset Derivatives

Liability Derivatives

Derivative Instrument

    

Date

Location

    

Fair value

    

Location

    

Fair value

Derivatives designated as hedging instruments

December 2024

  

 

  

 

  

 

  

Commodity derivatives-propane

 

Price risk management asset

$

43,015

Other current liabilities

$

11,840

Commodity derivatives-propane

 

Other assets, net

 

8,252

 

Other liabilities

 

1,120

 

Total

$

51,267

 

Total

$

12,960

Final

July 31, 2021

Maturity

Asset Derivatives

Liability Derivatives

Derivative Instrument

    

Date

Location

    

Fair value

    

Location

    

Fair value

Derivatives designated as hedging instruments

 

December 2023

  

 

  

 

  

 

  

Commodity derivatives-propane

 

Price risk management asset

$

78,001

 

Other current liabilities

$

3,429

Commodity derivatives-propane

 

Other assets, net

 

16,243

 

Other liabilities

 

1,029

 

Total

$

94,244

 

Total

$

4,458

Offsetting Assets And Liabilities [Table Text Block]

July 31, 2022

Assets

Liabilities

Description

    

Location

    

Amount

    

Location

    

Amount

Margin Balances

 

Prepaid expense and other current assets

$

12,338

 

Other current liabilities

$

32,805

 

Other assets, net

 

4,797

 

Other liabilities

 

7,110

$

17,135

 

  

$

39,915

July 31, 2021

Assets

Liabilities

Description

    

Location

    

Amount

    

Location

    

Amount

Margin Balances

 

Prepaid expense and other current assets

$

21,068

 

Other current liabilities

$

79,178

 

Other assets, net

 

3,036

 

Other liabilities

 

15,489

$

24,104

 

  

$

94,667

Cash Flow Hedge Derivative Effect on Comprehensive Income

For the year ended July 31, 2022

    

    

    

Amount of Gain

Amount of Gain

Location of Gain

Reclassified from

Recognized in

Reclassified from 

AOCI into Income

Derivative Instrument

    

AOCI

    

AOCI into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

$

68,950

 

Cost of sales - propane and other gas liquids sales

$

120,429

$

For the year ended July 31, 2021

Amount of Gain

Amount of Gain

Location of Gain

Reclassified from

Recognized in

Reclassified from

AOCI into Income

Derivative Instrument

    

AOCI

    

AOCI into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

$

136,351

 

Cost of sales - propane and other gas liquids sales

$

44,252

$

For the year ended July 31, 2020

Amount of Loss

Amount of Loss

Location of Loss

Reclassified from

Recognized in

Reclassified from 

AOCI into Income

Derivative Instrument

    

AOCI

    

AOCI into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

$

(22,872)

 

Cost of sales - propane and other gas liquids sales

$

(35,315)

$

Changes in Derivatives Included in Accumulated Other Comprehensive Income

For the year ended July 31, 

Gains and losses on derivatives included in AOCI

    

2022

    

2021

    

2020

Beginning balance attributable to Ferrellgas Partners, L.P.

$

88,866

$

(2,303)

$

(14,756)

Change in value of risk management commodity derivatives

 

68,950

 

136,351

 

(22,872)

Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net

 

(120,429)

 

(44,252)

 

35,315

Less: amount attributable to noncontrolling interests

520

(930)

10

Ending balance attributable to Ferrellgas Partners, L.P.

$

37,907

$

88,866

$

(2,303)

For the year ended July 31, 

Gains and losses on derivatives included in AOCI

    

2022

    

2021

    

2020

Beginning balance

$

89,786

$

(2,313)

$

(14,756)

Change in value of risk management commodity derivatives

 

68,950

 

136,351

 

(22,872)

Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net

 

(120,429)

 

(44,252)

 

35,315

Ending balance

$

38,307

$

89,786

$

(2,313)