Supplemental Financial Statement Information

6 Months Ended

Jan. 31, 2012

Supplemental Financial Statement Information

C. Supplemental financial statement information

Inventories consist of the following:

	January 31, 2012		July 31, 2011
Propane gas and related products	$	149,032	$	113,826
Appliances, parts and supplies		21,447		22,313
Inventories	$	170,479	$	136,139

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of January 31, 2012, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 50.2 million gallons of propane at fixed prices.

Other current liabilities consist of the following:

	January 31, 2012		July 31, 2011
Accrued interest	$	19,781	$	19,779
Accrued litigation and insurance		17,443		16,565
Customer deposits and advances		23,706		19,784
Other		55,123		48,685
Other current liabilities	$	116,053	$	104,813

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

	For the three months ended January 31,				For the six months ended January 31,
	2012		2011		2012		2011
Operating expense	$	47,937	$	47,614	$	91,725	$	89,898
Depreciation and amortization expense		1,700		1,489		3,284		2,970
Equipment lease expense		3,053		3,089		6,144		6,450
	$	52,690	$	52,192	$	101,153	$	99,318

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

C. Supplemental financial statement information

Inventories consist of the following:

	January 31, 2012		July 31, 2011
Propane gas and related products	$	149,032	$	113,826
Appliances, parts and supplies		21,447		22,313
Inventories	$	170,479	$	136,139

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of January 31, 2012, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 50.2 million gallons of propane at fixed prices.

Other current liabilities consist of the following:

	January 31, 2012		July 31, 2011
Accrued interest	$	17,774	$	17,773
Accrued litigation and insurance		17,443		16,565
Customer deposits and advances		23,706		19,784
Other		54,677		48,552
Other current liabilities	$	113,600	$	102,674

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

	For the three months ended January 31,				For the six months ended January 31,
	2012		2011		2012		2011
Operating expense	$	47,937	$	47,614	$	91,725	$	89,898
Depreciation and amortization expense		1,700		1,489		3,284		2,970
Equipment lease expense		3,053		3,089		6,144		6,450
	$	52,690	$	52,192	$	101,153	$	99,318