Income Taxes

12 Months Ended

Jul. 31, 2019

Ferrellgas Partners Finance Corp. [Member]

Income Tax Disclosure [Line Items]

Income Taxes

Income taxes

Income taxes have been computed separately as the Finance Corp. files its own income tax return. Deferred income taxes are provided as a result of temporary differences between financial and tax reporting using the asset/liability method. Deferred income taxes are recognized for the tax consequences of temporary differences between the financial statement carrying amounts and tax basis of existing assets and liabilities.

Due to the inability of the Finance Corp. to utilize the deferred tax benefit of $6,430 associated with the net operating loss carryforward of $30,620 generated prior to fiscal 2019, which expire at various dates through July 31, 2037, a valuation allowance has been provided on the full amount of the deferred tax asset. The net operating loss carryforwards generated during and after fiscal 2019 are carried forward indefinitely. Accordingly, there is no net deferred tax benefit for fiscal 2019,  2018 or 2017, and there is no net deferred tax asset as of July 31, 2019 and 2018.

Ferrellgas Finance Corp. [Member]

Income Tax Disclosure [Line Items]

Income Taxes

Income taxes

Income taxes have been computed separately as the Finance Corp. files its own income tax return. Deferred income taxes are provided as a result of temporary differences between financial and tax reporting using the asset/liability method. Deferred income taxes are recognized for the tax consequences of temporary differences between the financial statement carrying amounts and tax basis of existing assets and liabilities.

Due to the inability of the Finance Corp. to utilize the deferred tax benefit of $16,163 associated with the net operating loss carryforward of $76,969 generated prior to fiscal 2019, which expire at various dates through July 31, 2037, a valuation allowance has been provided on the full amount of the deferred tax asset. The net operating loss carryforwards generated during and after fiscal  2019 are carried forward indefinitely. Accordingly, there is no net deferred tax benefit for fiscal 2019,  2018 or 2017, and there is no net deferred tax asset as of July 31, 2019 and 2018.