Supplemental Financial Statement Information

12 Months Ended

Jul. 31, 2013

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	2013		2012
Propane gas and related products	$	94,946	$	110,517
Appliances, parts and supplies	22,170		17,081
Inventories	$	117,116	$	127,598

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 36 months. As of July 31, 2013, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 113.5 million gallons of propane at fixed prices.

Property, plant and equipment, net consist of the following:

	Estimated useful lives	2013		2012
Land	Indefinite	$	30,978	$	31,229
Land improvements	2-20	12,021		11,418
Buildings and improvements	20	67,050		67,027
Vehicles, including transport trailers	8-20	101,224		102,374
Bulk equipment and district facilities	5-30	107,835		109,050
Tanks, cylinders and customer equipment	2-30	767,365		782,293
Computer and office equipment	2-5	117,718		116,916
Construction in progress	n/a	3,077		3,421
		1,207,268		1,223,728
Less: accumulated depreciation		617,541		597,177
Property, plant and equipment, net		$	589,727	$	626,551

Depreciation expense totaled $59.3 million, $60.0 million and $58.7 million for fiscal 2013, 2012 and 2011, respectively.

Other current liabilities consist of the following:

	2013		2012
Accrued interest	$	19,795	$	19,945
Accrued payroll	30,295		16,495
Customer deposits and advances	20,420		28,842
Other	50,592		57,385
Other current liabilities	$	121,102	$	122,667

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

	For the year ended July 31,
	2013		2012		2011
Operating expense	$	181,932	$	177,903	$	183,899
Depreciation and amortization expense	5,744		6,545		6,063
Equipment lease expense	14,028		12,841		12,823
	$	201,704	$	197,289	$	202,785

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	2013		2012
Propane gas and related products	$	94,946	$	110,517
Appliances, parts and supplies	22,170		17,081
Inventories	$	117,116	$	127,598

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 36 months. As of July 31, 2013, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 113.5 million gallons of propane at fixed prices.

Property, plant and equipment, net consist of the following:

	Estimated useful lives	2013		2012
Land	Indefinite	$	30,978	$	31,229
Land improvements	2-20	12,021		11,418
Buildings and improvements	20	67,050		67,027
Vehicles, including transport trailers	8-20	101,224		102,374
Bulk equipment and district facilities	5-30	107,835		109,050
Tanks, cylinders and customer equipment	2-30	767,365		782,293
Computer and office equipment	2-5	117,718		116,916
Construction in progress	n/a	3,077		3,421
		1,207,268		1,223,728
Less: accumulated depreciation		617,541		597,177
Property, plant and equipment, net		$	589,727	$	626,551

Depreciation expense totaled $59.3 million,  $60.0 million and $58.7 million for fiscal 2013, 2012 and 2011, respectively.

Other current liabilities consist of the following:

	2013		2012
Accrued interest	$	17,787	$	17,938
Accrued payroll	30,295		16,495
Customer deposits and advances	20,420		28,842
Other	50,401		57,109
Other current liabilities	$	118,903	$	120,384

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

	For the year ended July 31,
	2013		2012		2011
Operating expense	$	181,932	$	177,903	$	183,899
Depreciation and amortization expense	5,744		6,545		6,063
Equipment lease expense	14,028		12,841		12,823
	$	201,704	$	197,289	$	202,785