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Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows
 12 Months Ended
Jul. 31, 2017
Parent Company [Member]  
Guarantor financial information
 
 
 
 
Schedule 1
FERRELLGAS PARTNERS, L.P.
PARENT ONLY
BALANCE SHEETS
(in thousands, except unit data)
 
 
July 31,
 
 
2017
 
2016
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
59

 
$
75

Prepaid expenses and other current assets
 
4

 
18

Total assets
 
$
63

 
$
93

 
 
 
 
 
LIABILITIES AND PARTNERS' DEFICIT
 
 
 
 
 
 
 
 
 
Other current liabilities
 
$
4,250

 
$
2,006

 
 
 
 
 
Long-term debt
 
346,525

 
180,454

Investment in Ferrellgas, L.P.
 
402,866

 
464,690

 
 
 
 
 
Partners' deficit
 
 
 
 
Common unitholders (97,152,665 and 98,002,665 units outstanding at 2017 and 2016, respectively)
 
(701,188
)
 
(570,754
)
General partner unitholder (989,926 units outstanding at 2017 and 2016)
 
(66,991
)
 
(65,835
)
Accumulated other comprehensive income (loss)
 
14,601

 
(10,468
)
Total Ferrellgas Partners, L.P. partners' deficit
 
(753,578
)
 
(647,057
)
Total liabilities and partners' deficit
 
$
63

 
$
93


FERRELLGAS PARTNERS, L.P.
PARENT ONLY
STATEMENTS OF OPERATIONS
(in thousands)
 
 
For the year ended July 31,
 
 
2017
 
2016
 
2015
Equity in earnings (loss) of Ferrellgas, L.P.
 
$
(28,765
)
 
$
(648,771
)
 
$
45,958

Operating, general and administrative expense
 
139

 
520

 
104

 
 
 
 
 
 
 
Operating income (loss)
 
(28,904
)
 
(649,291
)
 
45,854

 
 
 
 
 
 
 
Interest expense
 
(25,297
)
 
(16,119
)
 
(16,169
)
Income tax expense (benefit)
 
6

 
5

 
(69
)
Other income
 
—

 
—

 
4
Net earnings (loss)
 
$
(54,207
)
 
$
(665,415
)
 
$
29,620



FERRELLGAS PARTNERS, L.P.
PARENT ONLY
STATEMENTS OF CASH FLOWS
(in thousands)
 
 
For the year ended July 31,
 
 
2017
 
2016
 
2015
Cash flows from operating activities:
 
 
 
 
 
 
Net earnings (loss) attributable to Ferrellgas Partners, L.P.
 
$
(54,207
)
 
$
(665,415
)
 
$
29,620

Reconciliation of net earnings (loss) to net cash used in operating activities:
 
 
 
 
 
 
Other
 
3,982

 
(1,743
)
 
2,922

Equity in earnings (loss) of Ferrellgas, L.P.
 
28,765

 
648,771

 
(45,958
)
Net cash used in operating activities
 
(21,460
)
 
(18,387
)
 
(13,416
)
 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
Business acquisitions, net of cash acquired
 
—

 
—

 
(562,500
)
Distributions received from Ferrellgas, L.P.
 
118,829

 
266,818

 
601,736

Cash contributed to Ferrellgas, L.P.
 
(166,148
)
 
—

 
(42,224
)
Net cash provided by (used in) investing activities
 
(47,319
)
 
266,818

 
(2,988
)
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
Distributions paid to common and general partner unitholders
 
(79,733
)
 
(204,160
)
 
(167,105
)
Cash paid for financing costs
 
(3,653
)
 
—

 
—

Proceeds from issuance of long-term debt
 
168,000

 
—

 
—

Proceeds from equity offering, net of issuance costs of $648 for the year ended July 31, 2015
 
—

 
—

 
181,008

Repurchase of common units (including fees of $34 for the year ended July 31, 2016)
 
(15,851
)
 
(46,432
)
 
—

Proceeds from exercise of common unit options
 
—

 
182

 
91

Cash contribution from general partners in connection with common unit issuances
 
—

 
2

 
4,456

Net cash provided by (used in) financing activities
 
68,763

 
(250,408
)
 
18,450

 
 
 
 
 
 
 
Increase (decrease) in cash and cash equivalents
 
(16
)
 
(1,977
)
 
2,046

Cash and cash equivalents - beginning of year
 
75

 
2,052

 
6

Cash and cash equivalents - end of year
 
$
59

 
$
75

 
$
2,052