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

12 Months Ended

Jul. 31, 2019

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Guarantor financial information

Schedule 1

FERRELLGAS PARTNERS, L.P.
PARENT ONLY
BALANCE SHEETS
(in thousands, except unit data)

	July 31,
	2019		2018
ASSETS
Cash and cash equivalents	$	8	$	3
Prepaid expenses and other current assets		57		23
Total assets	$	65	$	26
LIABILITIES AND PARTNERS’ DEFICIT
Current portion of long-term debt	$	354,727	$	—
Other current liabilities		3,873		3,925
Long-term debt		—		350,500
Investment in Ferrellgas, L.P.		772,698		673,386
Partners’ deficit
Common unitholders (97,152,665 units outstanding at 2019 and 2018)		(1,046,245)		(978,503)
General partner unitholder (989,926 units outstanding at 2019 and 2018)		(70,476)		(69,792)
Accumulated other comprehensive income (loss)		(14,512)		20,510
Total Ferrellgas Partners, L.P. partners’ deficit		(1,131,233)		(1,027,785)
Total liabilities and partners’ deficit	$	65	$	26

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF OPERATIONS

(in thousands)

	For the year ended July 31,
	2019		2018		2017
Equity in loss of Ferrellgas, L.P.	$	(29,219)	$	(219,902)	$	(28,765)
Operating, general and administrative expense		14		137		139
Operating loss		(29,233)		(220,039)		(28,904)
Interest expense		(34,984)		(34,521)		(25,297)
Income tax expense		30		21		6
Net loss	$	(64,247)	$	(254,581)	$	(54,207)

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF CASH FLOWS

(in thousands)

	For the year ended July 31,
	2019		2018		2017
Cash flows from operating activities:
Net loss attributable to Ferrellgas Partners, L.P.	$	(64,247)	$	(254,581)	$	(54,207)
Reconciliation of net loss to net cash used in operating activities:
Other		4,141		3,673		3,982
Equity in loss of Ferrellgas, L.P.		29,219		219,902		28,765
Net cash used in operating activities		(30,887)		(31,006)		(21,460)
Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.		40,706		70,246		118,829
Cash contributed to Ferrellgas, L.P.		—		—		(166,148)
Net cash provided by (used in) investing activities		40,706		70,246		(47,319)
Cash flows from financing activities:
Distributions paid to common and general partner unitholders		(9,814)		(39,254)		(79,733)
Cash paid for financing costs		—		(42)		(3,653)
Proceeds from issuance of long-term debt		—		—		168,000
Repurchase of common units		—		—		(15,851)
Net cash provided by (used in) financing activities		(9,814)		(39,296)		68,763
Decrease in cash and cash equivalents		5		(56)		(16)
Cash and cash equivalents - beginning of year		3		59		75
Cash and cash equivalents - end of year	$	8	$	3	$	59