XML 58 R41.htm IDEA: XBRL DOCUMENT v3.22.2.2
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)