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Segment Reporting Segment Reporting (Tables)
9 Months Ended
Apr. 30, 2015
Segment Reporting Information  
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
Following is a reconciliation of Ferrellgas total segment performance measure to condensed consolidated net earnings:
 
 
Three months ended April 30,
 
Nine months ended April 30,
 
 
2015
 
2015
 
 
 
 
 
 
 
Net earnings attributable to Ferrellgas Partners, L.P.

$
35,812

 
$
88,395

Income tax expense

 
917

 

1,448

Interest expense

 
23,510

 

71,797

Depreciation and amortization expense

 
23,324

 

70,576

EBITDA

 
83,563

 

232,216

Non-cash employee stock ownership plan compensation charge

 
8,566

 

16,728

Non-cash stock-based compensation charge

 
3,271

 

19,701

Loss on disposal of assets

 
2,203

 

4,578

Other expense (income), net

 
(212
)
 

415

Change in fair value of contingent consideration

 

 
 
(6,300
)
Litigation accrual and related legal fees associated with a class action lawsuit

 
83

 

806

Unrealized (non-cash) gain on changes in fair value of derivatives not designated as hedging instruments
 
 
(1,609
)
 
 
(1,609
)
Net earnings attributable to noncontrolling interest

 
408

 

1,027

Adjusted EBITDA

$
96,273

 
$
267,562

 
 
 
 
 
 
 
Reconciliation of Assets from Segment to Consolidated
Following are total assets by segment:
 
 
April 30,
 
July 31,
2015
 
2014
 
 
 
 
 


Assets



 


Propane and related equipment sales

$
1,356,809

 
$
1,400,603

Midstream operations


199,593

 

136,116

Corporate and unallocated


36,455

 

35,551

Total consolidated assets

$
1,592,857

 
$
1,572,270

Ferrellgas, L.P. [Member]  
Segment Reporting Information  
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
Following is a reconciliation of Ferrellgas, L.P.'s total segment performance measure to condensed consolidated net earnings:
 
 
Three months ended April 30,
 
Nine months ended April 30,
 
 
2015
 
2015
 
 
 
 
 
 
 
Net earnings

$
40,404

 
$
101,676

Income tax expense

 
853

 

1,379

Interest expense

 
19,476

 

59,695

Depreciation and amortization expense

 
23,324

 

70,576

EBITDA

 
84,057

 

233,326

Non-cash employee stock ownership plan compensation charge

 
8,566

 

16,728

Non-cash stock-based compensation charge

 
3,271

 

19,701

Loss on disposal of assets

 
2,203

 

4,578

Other expense (income), net

 
(212
)
 

415

Change in fair value of contingent consideration

 

 

(6,300
)
Litigation accrual and related legal fees associated with a class action lawsuit

 
83

 

806

Unrealized (non-cash) gain on changes in fair value of derivatives not designated as hedging instruments
 
 
(1,609
)
 
 
(1,609
)
Adjusted EBITDA

$
96,359

 
$
267,645

Reconciliation of Assets from Segment to Consolidated
Following are total assets by segment:
 
 
April 30,
July 31,
2015
2014
 
 
 
 


Assets





Propane and related equipment sales

$
1,356,809

$
1,400,603

Midstream operations


199,593


136,116

Corporate and unallocated


34,258


33,114

Total consolidated assets

$
1,590,660

$
1,569,833

Profit Measure [Member]  
Segment Reporting Information  
Schedule of Segment Reporting Information, by Segment
Following is a summary of segment information for the three months ended April 30, 2015.

 
 
 
Three months ended April 30, 2015
 
 
 
Propane and related equipment sales
 
Midstream operations
 
Corporate and other
 
Total
 
 
 
 
 
 
 
Segment revenues
 
$
527,258

 
$
5,293

 
$

 
$
532,551

 
Direct costs (1)
 
 
422,837

 
 
4,871

 
 
8,570

 
 
436,278

 
Adjusted EBITDA
 
$
104,421

 
$
422

 
$
(8,570
)
 
$
96,273

 
 
 
 
 
 
 
 
 
 
 
 
 
 

 Following is a summary of segment information for the nine months ended April 30, 2015.
 
 
 
Nine months ended April 30, 2015
 
 
 
Propane and related equipment sales
 
Midstream operations
 
Corporate and other
 
Total
 
 
 
 
 
 
 
Segment revenues

$
1,621,517


$
20,362


$


$
1,641,879

 
Direct costs (1)


1,329,648



14,741



29,928



1,374,317

 
Adjusted EBITDA

$
291,869


$
5,621


$
(29,928
)

$
267,562

 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Direct costs are comprised of "cost of products sold-propane and other gas liquids sales", "cost of products sold-other", "operating expense", "general and administrative expense", and "equipment lease expense" less "non-cash stock-based compensation charge", "change in fair value of contingent consideration", "litigation accrual and related legal fees associated with a class action lawsuit", and "unrealized (non-cash) gain on changes in fair value of derivatives not designated as hedging instruments".
Profit Measure [Member] | Ferrellgas, L.P. [Member]  
Segment Reporting Information  
Schedule of Segment Reporting Information, by Segment
Following is a summary of segment information for the three months ended April 30, 2015.

 
 
 
Three months ended April 30, 2015
 
 
 
Propane and related equipment sales
 
Midstream operations
 
Corporate and other
 
Total
 
 
 
 
 
 
 
Segment revenues
 
$
527,258

 
$
5,293

 
$

 
$
532,551

 
Direct costs (1)
 
 
422,751

 
 
4,871

 
 
8,570

 
 
436,192

 
Adjusted EBITDA
 
$
104,507

 
$
422

 
$
(8,570
)
 
$
96,359

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Following is a summary of segment information for the nine months ended April 30, 2015.
 
 
 
Nine months ended April 30, 2015
 
 
 
Propane and related equipment sales
 
Midstream operations
 
Corporate and other
 
Total
 
 
 
 
 
 
 
Segment revenues

$
1,621,517


$
20,362


$


$
1,641,879

 
Direct costs (1)


1,329,565



14,741



29,928



1,374,234

 
Adjusted EBITDA

$
291,952


$
5,621


$
(29,928
)

$
267,645

 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Direct costs are comprised of "cost of products sold-propane and other gas liquids sales", "cost of products sold-other", "operating expense", "general and administrative expense", and "equipment lease expense" less "non-cash stock-based compensation charge", "change in fair value of contingent consideration", "litigation accrual and related legal fees associated with a class action lawsuit" and "unrealized (non-cash) gain on changes in fair value of derivatives not designated as hedging instruments".
Capital Expenditures [Member]  
Segment Reporting Information  
Schedule of Segment Reporting Information, by Segment
Following are capital expenditures by segment:
 
 
 
For the nine months ended April 30, 2015
 
 
 
Propane and related equipment sales
 
Midstream operations
 
Corporate and other
 
Total
 
 
 
 
 
 
 
Maintenance

$
12,839


$
976


$
1,012


$
14,827

 
Growth


27,128



6,561






33,689

 
Total

$
39,967


$
7,537


$
1,012


$
48,516

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures [Member] | Ferrellgas, L.P. [Member]  
Segment Reporting Information  
Schedule of Segment Reporting Information, by Segment
Following are capital expenditures by segment:
 
 
 
For the nine months ended April 30, 2015
 
 
 
Propane and related equipment sales
 
Midstream operations
 
Corporate and other
 
Total
 
 
 
 
 
 
 
Maintenance

$
12,839


$
976


$
1,012


$
14,827

 
Growth


27,128



6,561






33,689

 
Total

$
39,967


$
7,537


$
1,012


$
48,516