Supplemental Financial Statement Information

3 Months Ended

Oct. 31, 2012

Supplemental Financial Statement Information

C.  Supplemental financial statement information

Inventories consist of the following:

	October 31,		July 31,
	2012		2012
Propane gas and related products	$	120,590	$	110,517
Appliances, parts and supplies		16,223		17,081
Inventories	$	136,813	$	127,598

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes with terms of fewer than 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of October 31, 2012, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 128.4 million gallons of propane at fixed prices.

Other current liabilities consist of the following:

	October 31,		July 31,
	2012		2012
Accrued interest	$	25,084	$	19,945
Accrued litigation and insurance		10,391		9,061
Accrued payroll		13,970		16,495
Customer deposits and advances		42,190		28,842
Other		40,441		48,324
Other current liabilities	$	132,076	$	122,667

Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:

	For the three months ended October 31,
	2012		2011
Operating expense	$	43,901	$	43,788
Depreciation and amortization expense		1,527		1,584
Equipment lease expense		3,387		3,091
	$	48,815	$	48,463

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

C.  Supplemental financial statement information

Inventories consist of the following:

	October 31,		July 31,
	2012		2012
Propane gas and related products	$	120,590	$	110,517
Appliances, parts and supplies		16,223		17,081
Inventories	$	136,813	$	127,598

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes with terms of fewer than 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of October 31, 2012, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 128.4 million gallons of propane at fixed prices.

Other current liabilities consist of the following:

	October 31,		July 31,
	2012		2012
Accrued interest	$	19,153	$	17,938
Accrued litigation and insurance		10,391		9,061
Accrued payroll		13,970		16,495
Customer deposits and advances		42,190		28,842
Other		40,103		48,048
Other current liabilities	$	125,807	$	120,384

Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:

	For the three months ended October 31,
	2012		2011
Operating expense	$	43,901	$	43,788
Depreciation and amortization expense		1,527		1,584
Equipment lease expense		3,387		3,091
	$	48,815	$	48,463