XML 65 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Reporting Segment Reporting (Tables)
12 Months Ended
Jul. 31, 2017
Statement [Line Items]  
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
Following is a reconciliation of Ferrellgas' total segment performance measure to consolidated net earnings:
 
 
Year Ended July 31,
 
 
2017
 
2016
 
2015
Net earnings (loss) attributable to Ferrellgas Partners, L.P.
 
$
(54,207
)
 
$
(665,415
)
 
$
29,620

Income tax benefit
 
(1,143
)
 
(36
)
 
(315
)
Interest expense
 
152,485

 
137,937

 
100,396

Depreciation and amortization expense
 
103,351

 
150,513

 
98,579

EBITDA
 
200,486

 
(377,001
)
 
228,280

Non-cash employee stock ownership plan compensation charge
 
15,088

 
27,595

 
24,713

Non-cash stock-based compensation charge
 
3,298

 
9,324

 
25,982

Asset impairments
 

 
658,118

 

Loss on asset sales and disposals
 
14,457

 
30,835

 
7,099

Other (income) expense, net
 
(1,474
)
 
(110
)
 
350

Change in fair value of contingent consideration
 

 
(100
)
 
(6,300
)
Severance costs
 
1,959

 
1,453

 

Litigation accrual and related legal fees associated with a class action lawsuit
 

 

 
806

Acquisition and transition expenses
 

 
99

 
16,373

Unrealized (non-cash) loss (gains) on changes in fair value of derivatives
 
(3,457
)
 
1,137

 
2,412

Net earnings (loss) attributable to noncontrolling interest
 
(294
)
 
(6,620
)
 
469

Adjusted EBITDA
 
$
230,063

 
$
344,730

 
$
300,184

Reconciliation of Assets from Segment to Consolidated
Following are total assets by segment:

 
July 31,
 
July 31,
 
2017
 
2016
Assets
 
 
 
 
Propane operations and related equipment sales
 
$
1,194,905

 
$
1,202,214

Midstream operations
 
399,356

 
444,126

Corporate
 
15,708

 
36,966

Total consolidated assets
 
$
1,609,969

 
$
1,683,306

Profit Measure [Member]  
Statement [Line Items]  
Schedule of Segment Reporting Information, by Segment
Following is a summary of segment information for the years ended July 31, 2017, 2016 and 2015.
 
 
Year Ended July 31, 2017
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
 
Segment revenues
 
$
1,463,574

 
$
466,703

 
$

 
$
1,930,277

Direct costs (1)
 
1,198,150

 
458,851

 
43,213

 
1,700,214

Adjusted EBITDA
 
$
265,424

 
$
7,852

 
$
(43,213
)
 
$
230,063

 
 
 
 
 
 
 
 
 
 
 
Year Ended July 31, 2016
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
 
Segment revenues
 
$
1,414,129

 
$
625,238

 
$

 
$
2,039,367

Direct costs (1)
 
1,127,382

 
521,487

 
45,768

 
1,694,637

Adjusted EBITDA
 
$
286,747

 
$
103,751

 
$
(45,768
)
 
$
344,730

 
 
 
 
 
 
 
 
 
 
 
Year Ended July 31, 2015
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
 
Segment revenues
 
$
1,917,201

 
$
107,189

 
$

 
$
2,024,390

Direct costs (1)
 
1,591,404

 
93,070

 
39,732

 
1,724,206

Adjusted EBITDA
 
$
325,797

 
$
14,119

 
$
(39,732
)
 
$
300,184

Capital Expenditures [Member]  
Statement [Line Items]  
Schedule of Segment Reporting Information, by Segment
Following are capital expenditures by segment (unaudited):
 
 
 
Year Ended July 31, 2017
 
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
 
 
Maintenance
 
$
13,330

 
$
734

 
$
3,074

 
$
17,138

 
Growth
 
28,912

 
315

 

 
29,227

 
Total
 
$
42,242

 
$
1,049

 
$
3,074

 
$
46,365

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended July 31, 2016
 
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
 
 
Maintenance
 
$
13,487

 
$
621

 
$
2,769

 
$
16,877

 
Growth
 
32,906

 
63,152

 

 
96,058

 
Total
 
$
46,393

 
$
63,773

 
$
2,769

 
$
112,935

 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended July 31, 2015
 
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
 
 
Maintenance
 
$
16,020

 
$
1,072

 
$
2,357

 
$
19,449

 
Growth
 
36,958

 
13,430

 

 
50,388

 
Total
 
$
52,978

 
$
14,502

 
$
2,357

 
$
69,837

Ferrellgas, L.P. [Member]  
Statement [Line Items]  
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
Following is a reconciliation of Ferrellgas, L.P.'s total segment performance measure to consolidated net earnings:
 
 
Year Ended July 31
 
 
2017
 
2016
 
2015
 
 
 
 
 
Net earnings (loss)
 
$
(29,059
)
 
$
(655,391
)
 
$
46,427

Income tax benefit
 
(1,149
)
 
(41
)
 
(384
)
Interest expense
 
127,188

 
121,818

 
84,227

Depreciation and amortization expense
 
103,351

 
150,513

 
98,579

EBITDA
 
200,331

 
(383,101
)
 
228,849

Non-cash employee stock ownership plan compensation charge
 
15,088

 
27,595

 
24,713

Non-cash stock-based compensation charge
 
3,298

 
9,324

 
25,982

Asset impairments
 

 
658,118

 

Loss on asset sales and disposal
 
14,457

 
30,835

 
7,099

Other (income) expense, net
 
(1,474
)
 
(110
)
 
354

Change in fair value of contingent consideration
 

 
(100
)
 
(6,300
)
Severance costs
 
1,959

 
1,453

 

Litigation accrual and related legal fees associated with a class action lawsuit
 

 

 
806

Acquisition and transition expenses
 

 
99

 
16,373

Unrealized (non-cash) loss (gains) on changes in fair value of derivatives
 
(3,457
)
 
1,137

 
2,412

Adjusted EBITDA
 
$
230,202

 
$
345,250

 
$
300,288

Reconciliation of Assets from Segment to Consolidated
Following are total assets by segment:
 
 
July 31,
 
July 31,
2017
 
2016
Assets
 
 
 
 
Propane operations and related equipment sales
 
$
1,194,905

 
$
1,202,214

Midstream operations
 
399,356

 
444,126

Corporate
 
15,687

 
36,873

Total consolidated assets
 
$
1,609,948

 
$
1,683,213

Ferrellgas, L.P. [Member] | Profit Measure [Member]  
Statement [Line Items]  
Schedule of Segment Reporting Information, by Segment
Following is a summary of segment information for the years ended July 31, 2017, 2016 and 2015.
 
 
Year Ended July 31, 2017
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
 
 
 
 
 
 
 
 
Segment revenues
 
$
1,463,574

 
$
466,703

 
$

 
$
1,930,277

Direct costs (1)
 
1,198,150

 
458,851

 
43,074

 
1,700,075

Adjusted EBITDA
 
$
265,424

 
$
7,852

 
$
(43,074
)
 
$
230,202

 
 
 
 
 
 
 
 
 
 
 
Year Ended July 31, 2016
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
 
 
 
 
 
 
 
 
Segment revenues
 
$
1,414,129

 
$
625,238

 
$

 
$
2,039,367

Direct costs (1)
 
1,127,382

 
521,487

 
45,248

 
1,694,117

Adjusted EBITDA
 
$
286,747

 
$
103,751

 
$
(45,248
)
 
$
345,250

 
 
 
 
 
 
 
 
 
 
 
Year Ended July 31, 2015
 
 
Propane operations and related equipment sales
 
Midstream operations
 
Corporate
 
Total
 
 
 
 
 
 
 
 
 
 
 
Segment revenues
 
$
1,917,201

 
$
107,189

 
$

 
$
2,024,390

Direct costs (1)
 
1,591,300

 
93,070

 
39,732

 
1,724,102

Adjusted EBITDA
 
$
325,901

 
$
14,119

 
$
(39,732
)
 
$
300,288


Ferrellgas, L.P. [Member] | Capital Expenditures [Member]  
Statement [Line Items]  
Schedule of Segment Reporting Information, by Segment
Following are capital expenditures by segment (unaudited):

Year Ended July 31, 2017

 
Propane operations and related equipment sales

Midstream operations


Corporate

Total




 
 
 
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
 
 
Maintenance
 
$
13,330

 
$
734

 
 
$
3,074

 
$
17,138

Growth
 
28,912

 
315

 
 

 
29,227

Total
 
$
42,242

 
$
1,049

 
 
$
3,074

 
$
46,365

 
 
 
 
 
 
 
 
 
 
 
Year Ended July 31, 2016
 
 
Propane operations and related equipment sales
 
Midstream operations
 
 
Corporate
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
 
 
Maintenance
 
$
13,487

 
$
621

 
 
$
2,769

 
$
16,877

Growth
 
32,906

 
63,152

 
 

 
96,058

Total
 
$
46,393

 
$
63,773

 
 
$
2,769

 
$
112,935

 
 
 
 
 
 
 
 
 
 
 
Year Ended July 31, 2015
 
 
Propane operations and related equipment sales
 
Midstream operations
 
 
Corporate
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
 
 
Maintenance
 
$
16,020

 
$
1,072

 
 
$
2,357

 
$
19,449

Growth
 
36,958

 
13,430

 
 

 
50,388

Total
 
$
52,978

 
$
14,502

 
 
$
2,357

 
$
69,837