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

9 Months Ended

Apr. 30, 2020

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 April 30, 2020
	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	$	318,836	$	1	$	—	$	—	$	—	$	318,837
Accounts and notes receivable, net		10,642		—		24		132,286		—		142,952
Intercompany receivables		99,362		—		—		—		(99,362)		—
Inventories		65,209		—		—		—		—		65,209
Prepaid expenses and other current assets		47,175		—		—		—		—		47,175
Total current assets		541,224		1		24		132,286		(99,362)		574,173
Property, plant and equipment, net		596,978		—		—		—		—		596,978
Goodwill, net		247,195		—		—		—		—		247,195
Intangible assets, net		103,966		—		—		—		—		103,966
Investments in consolidated subsidiaries		37,505		—		—		—		(37,505)		—
Operating lease right-of-use assets		110,497		—		—		—		—		110,497
Other assets, net		84,772		—		2,255		445		—		87,472
Total assets	$	1,722,137	$	1	$	2,279	$	132,731	$	(136,867)	$	1,720,281
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	37,025	$	—	$	—	$	—	$	—	$	37,025
Intercompany payables		—		—		—		99,362		(99,362)		—
Current portion of long-term debt		2,050		—		—		—		—		2,050
Current operating lease liabilities		31,914		—		—						31,914
Other current liabilities		165,047		—		12		(1,868)		—		163,191
Total current liabilities		236,036		—		12		97,494		(99,362)		234,180
Long-term debt		2,146,044		—		—		—		—		2,146,044
Operating lease liabilities		76,133		—		—		—		—		76,133
Other liabilities		52,167		—		—		—		—		52,167
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(767,465)		1		2,267		35,237		(37,505)		(767,465)
Accumulated other comprehensive loss		(20,778)		—		—		—		—		(20,778)
Total partners' capital (deficit)		(788,243)		1		2,267		35,237		(37,505)		(788,243)
Total liabilities and partners' capital (deficit)	$	1,722,137	$	1	$	2,279	$	132,731	$	(136,867)	$	1,720,281

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 April 30, 2020
	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	$	391,745	$	—	$	—	$	—	$	—	$	391,745
Other		20,385		—		—		—		—		20,385
Total revenues		412,130		—		—		—		—		412,130
Costs and expenses:
Cost of sales - propane and other gas liquids sales		176,265		—		—		—		—		176,265
Cost of sales - other		2,740		—		—		—		—		2,740
Operating expense - personnel, vehicle, plant and other		121,558		—		—		1,314		(1,314)		121,558
Operating expense - equipment lease expense		8,075		—		—		—		—		8,075
Depreciation and amortization expense		20,252		—		—		114		—		20,366
General and administrative expense		12,555		—		—		—		—		12,555
Non-cash employee stock ownership plan compensation charge		757		—		—		—		—		757
Loss on asset sales and disposals		1,859		—		—		—		—		1,859
Operating income (loss)		68,069		—		—		(1,428)		1,314		67,955
Interest expense		(36,943)		—		—		(1,063)		—		(38,006)
Loss on extinguishment of debt		(37,399)		—		—		—		—		(37,399)
Other income (expense), net		(158)		—		—		1,351		(1,351)		(158)
Earnings (loss) before income taxes		(6,431)		—		—		(1,140)		(37)		(7,608)
Income tax expense		112		—		—		—		—		112
Equity in earnings (loss) of subsidiaries		(1,140)		—		—		—		1,140		—
Net earnings (loss)		(7,683)		—		—		(1,140)		1,103		(7,720)
Other comprehensive income		2,572		—		—		—		—		2,572
Comprehensive income (loss)	$	(5,111)	$	—	$	—	$	(1,140)	$	1,103	$	(5,148)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended April 30, 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	$	459,556	$	—	$	—	$	—	$	—	$	459,556
Other		20,069		—		—		—		—		20,069
Total revenues		479,625		—		—		—		—		479,625
Costs and expenses:
Cost of sales - propane and other gas liquids sales		250,389		—		—		—		—		250,389
Cost of sales - other		2,320		—		—		—		—		2,320
Operating expense - personnel, vehicle, plant and other		124,078		—		(3)		968		(5,052)		119,991
Operating expense - equipment lease expense		8,319		—		—		—		—		8,319
Depreciation and amortization expense		20,506		—		—		111		—		20,617
General and administrative expense		11,511		1		—		—		—		11,512
Non-cash employee stock ownership plan compensation charge		(4)		—		—		—		—		(4)
Loss on asset sales and disposals		1,683		—		—		—		—		1,683
Operating income (loss)		60,823		(1)		3		(1,079)		5,052		64,798
Interest expense		(34,206)		—		—		(1,189)		—		(35,395)
Other income (expense), net		278		—		(27)		2,834		(2,834)		251
Earnings (loss) before income taxes		26,895		(1)		(24)		566		2,218		29,654
Income tax expense (benefit)		(49)		—		149		—		—		100
Equity in earnings (loss) of subsidiary		392		—		—		—		(392)		—
Net earnings (loss)		27,336		(1)		(173)		566		1,826		29,554
Other comprehensive loss		8,286		—		—		—		—		8,286
Comprehensive income (loss)	$	35,622	$	(1)	$	(173)	$	566	$	1,826	$	37,840

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the nine months ended April 30, 2020
	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	$	1,150,377	$	—	$	—	$	—	$	—	$	1,150,377
Other		65,800		—		—		—		—		65,800
Total revenues		1,216,177		—		—		—		—		1,216,177
Costs and expenses:
Cost of sales - propane and other gas liquids sales		548,136		—		—		—		—		548,136
Cost of sales - other		9,774		—		—		—		—		9,774
Operating expense - personnel, vehicle, plant and other		364,334		—		—		—		—		364,334
Operating expense - equipment lease expense		24,724		—		—		3,249		(3,249)		24,724
Depreciation and amortization expense		59,043		—		—		337		—		59,380
General and administrative expense		36,332		4		—		—		—		36,336
Non-cash employee stock ownership plan compensation charge		2,182		—		—		—		—		2,182
Loss on asset sales and disposals		6,242		—		—		—		—		6,242
Operating income (loss)		165,410		(4)		—		(3,586)		3,249		165,069
Interest expense		(110,412)		—		—		(3,161)		—		(113,573)
Loss on extinguishment of debt		(37,399)		—		—		—		—		(37,399)
Other income (expense), net		(214)		—		—		3,953		(3,953)		(214)
Earnings (loss) before income taxes		17,385		(4)		—		(2,794)		(704)		13,883
Income tax expense		745		—		—		—		—		745
Equity in earnings (loss) of subsidiary		(2,798)		—		—		—		2,798		—
Net earnings (loss)		13,842		(4)		—		(2,794)		2,094		13,138
Other comprehensive loss		(6,131)		—		—		—		—		(6,131)
Comprehensive income (loss)	$	7,711	$	(4)	$	—	$	(2,794)	$	2,094	$	7,007

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the nine months ended April 30, 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	$	1,344,634	$	—	$	—	$	—	$	—	$	1,344,634
Other		60,628		—		49		—		—		60,677
Total revenues		1,405,262		—		49		—		—		1,405,311
Costs and expenses:
Cost of sales - propane and other gas liquids sales		766,056		—		—		—		—		766,056
Cost of sales - other		8,675		—		114		—		—		8,789
Operating expense - personnel, vehicle, plant and other		355,589		—		36		3,869		(7,953)		351,541
Operating expense - equipment lease expense		24,597		—		—		—		—		24,597
Depreciation and amortization expense		58,880		—		—		334		—		59,214
General and administrative expense		42,022		6		—		—		—		42,028
Non-cash employee stock ownership plan compensation charge		4,688		—		—		—		—		4,688
Loss on asset sales and disposals		5,724		—		2,679		—		—		8,403
Operating income (loss)		139,031		(6)		(2,780)		(4,203)		7,953		139,995
Interest expense		(103,209)		—		(38)		(3,493)		—		(106,740)
Other income (expense), net		393		—		(37)		7,953		(7,953)		356
Earnings (loss) before income taxes		36,215		(6)		(2,855)		257		—		33,611
Income tax expense		105		—		149		—		—		254
Equity in earnings (loss) of subsidiaries		(2,753)		—		—		—		2,753		—
Net earnings (loss)		33,357		(6)		(3,004)		257		2,753		33,357
Other comprehensive loss		(21,574)		—		—		—		—		(21,574)
Comprehensive income (loss)	$	11,783	$	(6)	$	(3,004)	$	257	$	2,753	$	11,783

Condensed Cash Flow Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the nine months ended April 30, 2020
	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	$	60,132	$	(4)	$	513	$	(8,862)	$	62,000	$	113,779
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(6,400)		—		—		—		—		(6,400)
Capital expenditures		(57,251)		—		—		—		—		(57,251)
Proceeds from sale of assets		2,510		—		—		—		—		2,510
Cash collected for purchase of interest in accounts receivable		—		—		—		685,640		(685,640)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(623,640)		623,640		—
Intercompany loan to affiliate		(8,353)		—		—		—		8,353		—
Cash payments to construct assets in connection with future lease transactions		(37,042)		—		—		—		—		(37,042)
Cash receipts in connection with leased vehicles		21,995		—		—		—		—		21,995
Net cash provided by (used in) investing activities		(84,541)		—		—		62,000		(53,647)		(76,188)
Cash flows from financing activities:
Distributions		(15,654)		—		—		—		—		(15,654)
Proceeds from increase in long-term debt		703,750		—		—		—		—		703,750
Reductions in long-term debt		(285,285)		—		—		—		—		(285,285)
Net reductions to short-term borrowings		(43,000)		—		—		—		—		(43,000)
Net additions to collateralized short-term borrowings		—		—		—		(62,000)		—		(62,000)
Net changes in advances with consolidated entities		—		4		(513)		8,862		(8,353)		—
Cash paid for financing costs and other		(27,611)		—		—		—		—		(27,611)
Net cash provided by (used in) financing activities		332,200		4		(513)		(53,138)		(8,353)		270,200
Net change in cash and cash equivalents		307,791		—		—		—		—		307,791
Cash and cash equivalents - beginning of year		11,045		1		—		—		—		11,046
Cash, cash equivalents and restricted cash - end of year	$	318,836	$	1	$	—	$	—	$	—	$	318,837

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the nine months ended April 30, 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	$	111,008	$	(6)	$	24,589	$	(45,384)	$	(4,000)	$	86,207
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(11,351)		—		—		—		—		(11,351)
Capital expenditures		(94,660)		—		—		—		—		(94,660)
Proceeds from sale of assets		2,416		—		—		—		—		2,416
Cash collected for purchase of interest in accounts receivable		—		—		—		1,052,947		(1,052,947)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(1,056,947)		1,056,947		—
Intercompany loan to affiliate		(20,638)		—		—		—		20,638		—
Other		—		—		—		—		—		—
Net cash provided by (used in) investing activities		(124,233)		—		—		(4,000)		24,638		(103,595)
Cash flows from financing activities:
Distributions		(25,568)		—		—		—		—		(25,568)
Reductions in long-term debt		(1,656)		—		—		—		—		(1,656)
Net reductions in short-term borrowings		(32,800)		—		—		—		—		(32,800)
Net additions to collateralized short-term borrowings		—		—		—		4,000		—		4,000
Net changes in advances with consolidated entries		—		6		(24,763)		45,395		(20,638)		—
Cash paid for financing costs		(520)		—		—		(11)		—		(531)
Net cash provided by (used in) financing activities		(60,544)		6		(24,763)		49,384		(20,638)		(56,555)
Net change in cash and cash equivalents		(73,769)		—		(174)		—		—		(73,943)
Cash and cash equivalents - beginning of year		119,133		1		174		—		—		119,308
Cash and cash equivalents - end of year	$	45,364	$	1	$	—	$	—	$	—	$	45,365