Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows

12 Months Ended

Jul. 31, 2011

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows

	July 31,
ASSETS	2011	2010
Cash and cash equivalents	$         95	$            12
Prepaid expenses and other current assets	18	10
Investment in Ferrellgas, L.P.	265,956	359,367
Other assets, net	3,657	6,152
Total assets	$ 269,726	$    365,541
LIABILITIES AND PARTNERS' CAPITAL
Other current liabilities	$     2,139	$       3,319
Long-term debt	182,000	280,000
Partners' capital
Common unitholders (75,966,353 and 69,521,818 units
outstanding at 2011 and 2010, respectively)	139,614	141,281
General partner (767,337 and 702,241 units
outstanding at 2011 and 2010, respectively)	(58,660)	(58,644)
Accumulated other comprehensive income (loss)	4,633	(415)
Total partners' capital	85,587	82,222
Total liabilities and partners' capital	$ 269,726	$    365,541

	For the year ended July 31,
	2011	2010	2009
Equity in earnings (loss) of Ferrellgas, L.P.	$      (10,950)	$       61,731	$       76,718
Operating expense	(358)	(424)	(328)
Operating income (loss)	(11,308)	61,307	76,390
Interest expense	(21,811)	(24,498)	(23,734)
Loss on extinguishment of debt	(10,513)	(3,408)	-
Other income (expense), net	-	(666)	-
Income tax expense	(16)	(26)	(84)
Net earnings (loss)	$      (43,648)	$       32,709	$       52,572

	For the year ended July 31,
	2011	2010	2009
Cash flows from operating activities:
Net earnings (loss)	$ (43,648)	$ 32,709	$ 52,572
Reconciliation of net earnings (loss) to
net cash used in operating activities:
Other	1,509	1,182	292
Equity in (earnings) loss of Ferrellgas, L.P.	10,950	(61,731)	(76,718)
Net cash used in operating activities	(31,189)	(27,840)	(23,854)
Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.	272,777	191,822	156,031
Cash contributed to Ferrellgas, L.P.	(157,680)	(51,300)	(69,848)
Net cash provided by investing activities	115,097	140,522	86,183
Cash flows from financing activities:
Distributions	(145,002)	(139,763)	(132,581)
Cash paid for financing costs	(173)	(6,275)	50
Proceeds from increase in long-term debt	-	280,000	-
Reductions in long-term debt	(98,000)	(268,000)	-
Issuance of common units (net of issuance costs
of $300, $18 and $401 for the years ended
July 31, 2011, 2010 and 2009, respectively	157,212	19,949	69,447
Proceeds from exercise of common unit options	544	1,189	-
Other	1,594	214	702
Net cash used in financing activities	(83,825)	(112,686)	(62,382)
Increase (decrease) in cash and cash equivalents	83	(4)	(53)
Cash and cash equivalents - beginning of year	12	16	69
Cash and cash equivalents - end of year	$        95	$       12	$        16