Supplemental Financial Statement Information

3 Months Ended

Oct. 31, 2016

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	October 31, 2016		July 31, 2016
Propane gas and related products	$	68,336	$	59,726
Crude oil	6,066		4,642
Appliances, parts and supplies	25,894		26,226
Inventories	$	100,296	$	90,594

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes with terms generally up to 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of October 31, 2016, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 93.4 million gallons of propane at fixed prices.

Other assets, net consist of the following:

	October 31, 2016		July 31, 2016
Note receivable - Jamex	$	40,000	$	39,760
Other	48,103		47,463
Other assets, net	$	88,103	$	87,223

Other current liabilities consist of the following:

	October 31, 2016		July 31, 2016
Accrued interest	$	45,118	$	16,623
Accrued payroll	25,738		13,438
Customer deposits and advances	40,238		27,391
Price risk management liabilities	8,030		18,401
Other	51,403		53,105
Other current liabilities	$	170,527	$	128,958

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

	For the three months ended October 31,
	2016		2015
Operating expense	$	41,810	$	40,535
Depreciation and amortization expense	1,026		1,115
Equipment lease expense	6,666		6,429
	$	49,502	$	48,079

Loss on asset sales and disposal consists of the following:

	For the three months ended October 31,
	2016		2015
Loss on assets held for sale	$	—	$	12,112
Loss on sale of assets held for sale	—		1,259
Loss on sale of assets and other	6,423		1,546
Loss on asset sales and disposal	$	6,423	$	14,917

Certain cash flow and significant non-cash activities are presented below:

	For the three months ended October 31,
	2016			2015
Cash paid for:
Interest	$	5,631		$	3,780
Non-cash investing and financing activities:
Change in accruals for property, plant and equipment additions	$	(189	)	$	1,727

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

Supplemental financial statement information

Inventories consist of the following:

	October 31, 2016		July 31, 2016
Propane gas and related products	$	68,336	$	59,726
Crude oil	6,066		4,642
Appliances, parts and supplies	25,894		26,226
Inventories	$	100,296	$	90,594

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes with terms generally up to 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of October 31, 2016, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 93.4 million gallons of propane at fixed prices.

Other assets, net consist of the following:

	October 31, 2016		July 31, 2016
Note receivable - Jamex	$	40,000	$	39,760
Other	48,103		47,463
Other assets, net	$	88,103	$	87,223

Other current liabilities consist of the following:

	October 31, 2016		July 31, 2016
Accrued interest	$	39,188	$	14,617
Accrued payroll	25,738		13,438
Customer deposits and advances	40,238		27,391
Price risk management liabilities	8,030		18,401
Other	51,403		53,105
Other current liabilities	$	164,597	$	126,952

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

	For the three months ended October 31,
	2016		2015
Operating expense	$	41,810	$	40,535
Depreciation and amortization expense	1,026		1,115
Equipment lease expense	6,666		6,429
	$	49,502	$	48,079

Loss on asset sales and disposal consists of the following:

	For the three months ended October 31,
	2016		2015
Loss on assets held for sale	$	—	$	12,112
Loss on sale of assets held for sale	—		1,259
Loss on sale of assets and other	6,423		1,546
Loss on asset sales and disposal	$	6,423	$	14,917

Certain cash flow and significant non-cash activities are presented below:

	For the three months ended October 31,
	2016			2015
Cash paid for:
Interest	$	5,630		$	3,779
Non-cash investing and financing activities:
Change in accruals for property, plant and equipment additions	$	(189	)	$	1,727
Contributions in connection with acquisitions	$	—		$	(284	)