Guarantor financial information (Tables) - Ferrellgas, L.P. [Member]

6 Months Ended

Jan. 31, 2019

Condensed Financial Statements, Captions [Line Items]

Condensed Balance Sheet [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	As of January 31, 2019
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	40,305	$	1	$	246	$	—	$	—	$	40,552
Accounts and notes receivable, net		(3,661)		—		150		206,675		—		203,164
Intercompany receivables		(9,201)		—		—		—		9,201		—
Inventories		89,784		—		—		—		—		89,784
Prepaid expenses and other current assets		36,551		—		(1)		3		—		36,553
Total current assets		153,778		1		395		206,678		9,201		370,053
Property, plant and equipment, net		584,335		—		(1)		—		—		584,334
Goodwill, net		247,478		—		—		—		—		247,478
Intangible assets, net		113,558		—		—		—		—		113,558
Investments in consolidated subsidiaries		74,072		—		—		—		(74,072)		—
Other assets, net		68,659		—		2,875		1,005		—		72,539
Total assets	$	1,241,880	$	1	$	3,269	$	207,683	$	(64,871)	$	1,387,962
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	63,526	$	—	$	—	$	113	$	—	$	63,639
Collateralized note payable		—		—		—		140,000		—		140,000
Intercompany payables		—		—		(192)		(9,009)		9,201		—
Other current liabilities		137,417		—		388		5,514		—		143,319
Total current liabilities		200,943		—		196		136,618		9,201		346,958
Long-term debt		1,730,468		—		—		—		—		1,730,468
Other liabilities		37,480		—		67		—		—		37,547
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(717,884)		1		3,006		71,065		(74,072)		(717,884)
Accumulated other comprehensive loss		(9,127)		—		—		—		—		(9,127)
Total partners' capital (deficit)		(727,011)		1		3,006		71,065		(74,072)		(727,011)
Total liabilities and partners' capital (deficit)	$	1,241,880	$	1	$	3,269	$	207,683	$	(64,871)	$	1,387,962

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	As of July 31, 2018
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	119,133	$	1	$	174	$	—	$	—	$	119,308
Accounts and notes receivable, net		(3,420)		—		9,395		120,079		—		126,054
Intercompany receivables		15,660		—		—		—		(15,660)		—
Inventories		83,694		—		—		—		—		83,694
Prepaid expenses and other current assets		34,050		—		775		5		—		34,830
Total current assets		249,117		1		10,344		120,084		(15,660)		363,886
Property, plant and equipment, net		557,689		—		34		—		—		557,723
Goodwill, net		246,098		—		—		—		—		246,098
Intangible assets, net		120,951		—		—		—		—		120,951
Investments in consolidated subsidiaries		59,937		—		—		—		(59,937)		—
Other assets, net		63,411		—		9,961		1,216		—		74,588
Total assets	$	1,297,203	$	1	$	20,339	$	121,300	$	(75,597)	$	1,363,246
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	45,171	$	—	$	1,547	$	102	$	—	$	46,820
Short-term borrowings		32,800		—		—		—		—		32,800
Collateralized note payable		—		—		—		58,000		—		58,000
Intercompany payables		—		—		(143)		15,803		(15,660)		—
Other current liabilities		131,702		—		6,036		353		—		138,091
Total current liabilities		209,673		—		7,440		74,258		(15,660)		275,711
Long-term debt		1,728,137		—		—		—		—		1,728,137
Other liabilities		39,471		—		5		—		—		39,476
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(700,811)		1		12,894		47,042		(59,937)		(700,811)
Accumulated other comprehensive income		20,733		—		—		—		—		20,733
Total partners' capital (deficit)		(680,078)		1		12,894		47,042		(59,937)		(680,078)
Total liabilities and partners' capital (deficit)	$	1,297,203	$	1	$	20,339	$	121,300	$	(75,597)	$	1,363,246

Condensed Income Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended January 31, 2019
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Propane and other gas liquids sales	$	550,112	$	—	$	—	$	—	$	—	$	550,112
Other		23,216		—		49		—		—		23,265
Total revenues		573,328		—		49		—		—		573,377
Costs and expenses:
Cost of sales - propane and other gas liquids sales		311,531		—		—		—		—		311,531
Cost of sales - other		3,308		—		114		—		—		3,422
Operating expense		121,180		—		39		1,884		(1,884)		121,219
Depreciation and amortization expense		19,493		—		—		112		—		19,605
General and administrative expense		16,338		3		—		—		—		16,341
Equipment lease expense		8,415		—		—		—		—		8,415
Non-cash employee stock ownership plan compensation charge		1,944		—		—		—		—		1,944
Loss on asset sales and disposals		2,045		—		171		—		—		2,216
Operating income (loss)		89,074		(3)		(275)		(1,996)		1,884		88,684
Interest expense		(34,655)		—		(38)		(1,457)		—		(36,150)
Other income (expense), net		96		—		(10)		2,916		(2,916)		86
Earnings (loss) before income taxes		54,515		(3)		(323)		(537)		(1,032)		52,620
Income tax expense		3		—		—		—		—		3
Equity in earnings (loss) of subsidiaries		(863)		—		—		—		863		—
Net earnings (loss)		53,649		(3)		(323)		(537)		(169)		52,617
Other comprehensive loss		(17,273)		—		—		—		—		(17,273)
Comprehensive income (loss)	$	36,376	$	(3)	$	(323)	$	(537)	$	(169)	$	35,344

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended January 31, 2018
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Propane and other gas liquids sales	$	592,275	$	—	$	(36)	$	—	$	—	$	592,239
Midstream operations		—		—		117,276		—		—		117,276
Other		22,707		—		22,934		—		—		45,641
Total revenues		614,982		—		140,174		—		—		755,156
Costs and expenses:
Cost of sales - propane and other gas liquids sales		362,927		—		(9)		—		—		362,918
Cost of sales - midstream operations		—		—		107,067		—		—		107,067
Cost of sales - other		2,853		—		17,934		—		—		20,787
Operating expense		114,096		—		9,795		1,833		(2,008)		123,716
Depreciation and amortization expense		18,521		—		6,893		71		—		25,485
General and administrative expense		13,833		3		1,054		—		—		14,890
Equipment lease expense		6,862		—		92		—		—		6,954
Non-cash employee stock ownership plan compensation charge		4,031		—		—		—		—		4,031
Asset impairments		—				10,005				—		10,005
Loss on asset sales and disposals		555		—		38,694		—		—		39,249
Operating income (loss)		91,304		(3)		(51,351)		(1,904)		2,008		40,054
Interest expense		(21,212)		—		(11,739)		(1,107)		—		(34,058)
Other income (expense), net		408		—		276		2,008		(2,008)		684
Earnings (loss) before income taxes		70,500		(3)		(62,814)		(1,003)		—		6,680
Income tax expense (benefit)		82		—		(249)		—		—		(167)
Equity in earnings (loss) of subsidiaries		(63,571)		—		—		—		63,571		—
Net earnings (loss)		6,847		(3)		(62,565)		(1,003)		63,571		6,847
Other comprehensive income		(8,671)		—		—		—		—		(8,671)
Comprehensive income (loss)	$	(1,824)	$	(3)	$	(62,565)	$	(1,003)	$	63,571	$	(1,824)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the six months ended January 31, 2019
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Propane and other gas liquids sales	$	885,078	$	—	$	—	$	—	$	—	$	885,078
Other		40,559		—		49		—		—		40,608
Total revenues		925,637		—		49		—		—		925,686
Costs and expenses:
Cost of sales - propane and other gas liquids sales		515,667		—		—		—		—		515,667
Cost of sales - other		6,355		—		114		—		—		6,469
Operating expense		231,511		—		39		2,901		(2,901)		231,550
Depreciation and amortization expense		38,374		—		—		223		—		38,597
General and administrative expense		30,511		5		—		—		—		30,516
Equipment lease expense		16,278		—		—		—		—		16,278
Non-cash employee stock ownership plan compensation charge		4,692		—		—		—		—		4,692
Asset impairments		—		—		—		—		—		—
Loss on asset sales and disposals		4,041		—		2,679		—		—		6,720
Operating income (loss)		78,208		(5)		(2,783)		(3,124)		2,901		75,197
Interest expense		(69,003)		—		(38)		(2,304)		—		(71,345)
Other income (expense), net		115		—		(10)		5,119		(5,119)		105
Earnings (loss) before income taxes		9,320		(5)		(2,831)		(309)		(2,218)		3,957
Income tax expense		154		—		—		—		—		154
Equity in earnings (loss) of subsidiary		(3,145)		—		—		—		3,145		—
Net earnings (loss)		6,021		(5)		(2,831)		(309)		927		3,803
Other comprehensive loss		(29,860)		—		—		—		—		(29,860)
Comprehensive income (loss)	$	(23,839)	$	(5)	$	(2,831)	$	(309)	$	927	$	(26,057)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the six months ended January 31, 2018
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Propane and other gas liquids sales	$	894,392	$	—	$	605	$	—	$	—	$	894,997
Midstream operations		—		—		238,036		—		—		238,036
Other		39,384		—		37,394		—		—		76,778
Total revenues		933,776		—		276,035		—		—		1,209,811
Costs and expenses:
Cost of sales - propane and other gas liquids sales		541,746		—		687		—		—		542,433
Cost of sales - midstream operations		—		—		215,192		—		—		215,192
Cost of sales - other		5,562		—		28,927		—		—		34,489
Operating expense		215,328		—		19,058		3,015		(3,223)		234,178
Depreciation and amortization expense		36,868		—		14,206		143		—		51,217
General and administrative expense		24,588		5		3,461		—		—		28,054
Equipment lease expense		13,510		—		185		—		—		13,695
Non-cash employee stock ownership plan compensation charge		7,993		—		—		—		—		7,993
Asset impairments		—		—		10,005		—		—		10,005
Loss on asset sales and disposals		1,463		—		38,681		—		—		40,144
Operating income (loss)		86,718		(5)		(54,367)		(3,158)		3,223		32,411
Interest expense		(41,606)		—		(22,924)		(1,724)		—		(66,254)
Other income (expense), net		623		—		572		3,223		(3,223)		1,195
Earnings (loss) before income taxes		45,735		(5)		(76,719)		(1,659)		—		(32,648)
Income tax expense		72		—		132		—		—		204
Equity in earnings (loss) of subsidiary		(78,515)		—		—		—		78,515		—
Net earnings (loss)		(32,852)		(5)		(76,851)		(1,659)		78,515		(32,852)
Other comprehensive income		9,829		—		—		—		—		9,829
Comprehensive income (loss)	$	(23,023)	$	(5)	$	(76,851)	$	(1,659)	$	78,515	$	(23,023)

Condensed Cash Flow Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the six months ended January 31, 2019
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	98,494	$	(5)	$	24,696	$	(80,899)	$	(82,000)	$	(39,714)
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(5,069)		—		—		—		—		(5,069)
Capital expenditures		(58,330)		—		—		—		—		(58,330)
Proceeds from sale of assets		1,960		—		—		—		—		1,960
Cash collected for purchase of interest in accounts receivable		—		—		—		710,497		(710,497)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(792,497)		792,497		—
Net changes in advances with consolidated entities		(56,291)		—		—		—		56,291		—
Other		—		—		—		—		—		—
Net cash provided by (used in) investing activities		(117,730)		—		—		(82,000)		138,291		(61,439)
Cash flows from financing activities:
Distributions		(25,568)		—		—		—		—		(25,568)
Payments on long-term debt		(1,014)		—		—		—		—		(1,014)
Net reductions in short-term borrowings		(32,800)		—		—		—		—		(32,800)
Net additions to collateralized short-term borrowings		—		—		—		82,000		—		82,000
Net changes in advances with parent		—		5		(24,624)		80,910		(56,291)		—
Cash paid for financing costs		(210)		—		—		(11)		—		(221)
Net cash provided by (used in) financing activities		(59,592)		5		(24,624)		162,899		(56,291)		22,397
Net change in cash and cash equivalents		(78,828)		—		72		—		—		(78,756)
Cash and cash equivalents - beginning of year		119,133		1		174		—		—		119,308
Cash and cash equivalents - end of year	$	40,305	$	1	$	246	$	—	$	—	$	40,552

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the six months ended January 31, 2018
	Ferrellgas, L.P.		Ferrellgas
	(Parent and		Finance Corp.		Guarantor		Non-Guarantor
	Co-Issuer)		(Co-Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(57,734)	$	(5)	$	13,335	$	120,563	$	(97,000)	$	(20,841)
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(14,862)		—		—		—		—		(14,862)
Capital expenditures		(34,391)		—		(1,302)		—		—		(35,693)
Proceeds from sale of assets		4,207		—		—		—		—		4,207
Cash collected for purchase of interest in accounts receivable		—		—		—		574,783		(574,783)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(671,783)		671,783		—
Net changes in advances with consolidated entities		132,748		—		—		—		(132,748)		—
Net cash provided by (used in) investing activities		87,702		—		(1,302)		(97,000)		(35,748)		(46,348)
Cash flows from financing activities:
Distributions		(35,380)		—		—		—		—		(35,380)
Proceeds from increase in long-term debt		23,580		—		—		—		—		23,580
Payments on long-term debt		(1,267)		—		—		—		—		(1,267)
Net reductions in short-term borrowings		(7,879)		—		—		—		—		(7,879)
Net additions to collateralized short-term borrowings		—		—		—		97,000		—		97,000
Net changes in advances with parent		—		5		(12,190)		(120,563)		132,748		—
Cash paid for financing costs		(395)		—		—		—		—		(395)
Net cash provided by (used in) financing activities		(21,341)		5		(12,190)		(23,563)		132,748		75,659
Net change in cash and cash equivalents		8,627		—		(157)		—		—		8,470
Cash and cash equivalents - beginning of year		5,327		1		373		—		—		5,701
Cash and cash equivalents - end of year	$	13,954	$	1	$	216	$	—	$	—	$	14,171