Derivatives (Tables)

12 Months Ended

Jul. 31, 2012

Jul. 31, 2011

Fair Value of Financial Derivatives Balance Sheet Locations

	July 31, 2012
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	1,049	Other current liabilities	$	12,069
Interest rate swap agreements, current portion	Prepaid expenses and other current assets		3,346	Other current liabilities		-
Interest rate swap agreements, noncurrent portion	Other assets, net		4,438	Other liabilities		1,778
	Total	$	8,833	Total	$	13,847
	July 31, 2011
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	7,637	Other current liabilities	$	2,476
	Total	$	7,637	Total	$	2,476

Fair Value Interest Rate Derivative Income Location

Amount of Gain Recognized on DerivativeAmount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)Derivative InstrumentLocation of Gain Recognized on DerivativeFor the year ended July 31,For the year ended July 31,2012201120122011Interest rate swap agreementsInterest expense$ 757$ -$ (21,875)$ (21,875)

Cash Flow Derivative Value Recorded in OCI and reclassified to Earnings

	For the year ended July 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(23,290)	Cost of product sold- propane and other gas liquids sales	$	7,108
Interest rate swap agreements		(1,778)	Interest expense		-
	$	(25,068)		$	7,108

	For the year ended July 31, 2011
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	22,676	Cost of product sold- propane and other gas liquids sales	$	(17,358)
	$	22,676		$	(17,358)

Changes in Derivative Value Effect on Other Comprehensive Income Loss

	For the year ended July 31,
Derivative gains (losses) included in AOCL	2012		2011		2010
Beginning balance	$	5,161	$	(157)	$	(989)
Net earnings (loss) on risk management commodity derivatives		(23,290)		22,676		12,063
Reclassification of commodity hedges to cost of product sold - propane and other gas liquids sales		7,108		(17,358)		(11,231)
Net loss on risk management interest rate derivatives		(1,778)		-		-
Ending balance	$	(12,799)	$	5,161	$	(157)

Ferrellgas, L.P. [Member]

Fair Value of Financial Derivatives Balance Sheet Locations

	July 31, 2012
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	1,049	Other current liabilities	$	12,069
Interest rate swap agreements, current portion	Prepaid expenses and other current assets		3,346	Other current liabilities		-
Interest rate swap agreements, noncurrent portion	Other assets, net		4,438	Other liabilities		1,778
	Total	$	8,833	Total	$	13,847
	July 31, 2011
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	7,637	Other current liabilities	$	2,476
	Total	$	7,637	Total	$	2,476

Fair Value Interest Rate Derivative Income Location

Amount of Gain Recognized on DerivativeAmount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)Derivative InstrumentLocation of Gain Recognized on DerivativeFor the year ended July 31,For the year ended July 31,2012201120122011Interest rate swap agreementsInterest expense$ 757$ -$ (21,875)$ (21,875)

Cash Flow Derivative Value Recorded in OCI and reclassified to Earnings

	For the year ended July 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(23,290)	Cost of product sold- propane and other gas liquids sales	$	7,108
Interest rate swap agreements		(1,778)	Interest expense		-
	$	(25,068)		$	7,108

	For the year ended July 31, 2011
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	22,676	Cost of product sold- propane and other gas liquids sales	$	(17,358)
	$	22,676		$	(17,358)

Changes in Derivative Value Effect on Other Comprehensive Income Loss

	For the year ended July 31,
Derivative gains (losses) included in AOCL	2012		2011		2010
Beginning balance	$	5,161	$	(157)	$	(989)
Net earnings (loss) on risk management commodity derivatives		(23,290)		22,676		12,063
Reclassification of commodity hedges to cost of product sold - propane and other gas liquids sales		7,108		(17,358)		(11,231)
Net loss on risk management interest rate derivatives		(1,778)		-		-
Ending balance	$	(12,799)	$	5,161	$	(157)