XML 68 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Tables) - Parent Company [Member]
 12 Months Ended
Jul. 31, 2017
Schedule Of Parent Only Balance Sheet
 
 
 
 
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
Schedule Of Parent Only Statement Of Earnings
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
Schedule Of Parent Only Statement Of Cash
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