XML 44 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Oct. 31, 2022
Fair Value of Financial Derivatives Balance Sheet Locations

Final

October 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

$

24,944

Other current liabilities

$

36,269

Commodity derivatives-propane

 

Other assets, net

 

2,670

 

Other liabilities

 

2,011

 

Total

$

27,614

 

Total

$

38,280

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

Offsetting Assets And Liabilities [Table Text Block]

October 31, 2022

Assets

Liabilities

Description

    

Location

    

Amount

    

Location

    

Amount

Margin Balances

 

Prepaid expense and other current assets

$

35,230

 

Broker margin deposit liability

$

20,108

 

Other assets, net

 

3,530

 

Other liabilities

 

1,449

$

38,760

 

  

$

21,557

July 31, 2022

Assets

Liabilities

Description

    

Location

    

Amount

    

Location

    

Amount

Margin Balances

 

Prepaid expense and other current assets

$

12,338

 

Broker margin deposit liability

$

32,805

 

Other assets, net

 

4,797

 

Other liabilities

 

7,110

$

17,135

 

  

$

39,915

Cash Flow Hedge Derivative Effect on Comprehensive Income

For the three months ended October 31, 2022

    

    

    

Amount of Gain

Amount of Loss

Location of Gain

Reclassified from

Recognized in

Reclassified from 

AOCI into Income

Derivative Instrument

    

AOCI

    

AOCI into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

$

(36,185)

 

Cost of sales - propane and other gas liquids sales

$

12,788

$

For the three months ended October 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

$

72,932

 

Cost of sales - propane and other gas liquids sales

$

22,610

$

Changes in Derivatives Included in Accumulated Other Comprehensive Income

For the three months ended October 31, 

Gains and losses on derivatives included in AOCI

    

2022

    

2021

Beginning balance

$

38,307

$

89,786

Change in value of risk management commodity derivatives

 

(36,185)

 

72,932

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

 

(12,788)

 

(22,610)

Ending balance

$

(10,666)

$

140,108

Ferrellgas, L.P  
Changes in Derivatives Included in Accumulated Other Comprehensive Income

For the three months ended October 31, 

Gains and losses on derivatives included in AOCI

    

2022

    

2021

Beginning balance attributable to Ferrellgas Partners, L.P.

$

37,907

$

88,866

Change in value of risk management commodity derivatives

 

(36,185)

 

72,932

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

 

(12,788)

 

(22,610)

Less: amount attributable to noncontrolling interests

495

(509)

Ending balance attributable to Ferrellgas Partners, L.P.

$

(10,571)

$

138,679