Segment Reporting Segment Reporting (Tables)

9 Months Ended

Apr. 30, 2015

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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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