Accounts And Notes Receivable, Net And Accounts Receivable Securitization

6 Months Ended

Jan. 31, 2020

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts and notes receivable, net and accounts receivable securitization

E.  Accounts and notes receivable, net and accounts receivable securitization

Accounts and notes receivable, net consist of the following:

	January 31, 2020		July 31, 2019
Accounts receivable pledged as collateral	$	175,386	$	106,145
Accounts receivable not pledged as collateral (including other reserves)		1,604		1,218
Note receivable		7,886		2,660
Other		33		36
Less: Allowance for doubtful accounts		(2,465)		(2,463)
Accounts and notes receivable, net	$	182,444	$	107,596

At January 31, 2020,  $175.4 million of trade accounts receivable were pledged as collateral against $121.0 million of collateralized notes payable due to a commercial paper conduit. At July 31, 2019, $106.1 million of trade accounts receivable were pledged as collateral against $62.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from the operating partnership. The operating partnership does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

As of January 31, 2020, Ferrellgas had received cash proceeds of $121.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds or issue letters of credit. As of July 31, 2019, Ferrellgas had received cash proceeds of $62.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 4.6% and 5.5% as of January 31, 2020 and July 31, 2019, respectively.

Ferrellgas, L.P. [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts and notes receivable, net and accounts receivable securitization

E.    Accounts and notes receivable, net and accounts receivable securitization

Accounts and notes receivable, net consist of the following:

	January 31, 2020		July 31, 2019
Accounts receivable pledged as collateral	$	175,386	$	106,145
Accounts receivable not pledged as collateral (including other reserves)		1,604		1,218
Note receivable		7,886		2,660
Other		33		36
Less: Allowance for doubtful accounts		(2,465)		(2,463)
Accounts and notes receivable, net	$	182,444	$	107,596

At January 31, 2020, $175.4 million of trade accounts receivable were pledged as collateral against $121.0 million of collateralized notes payable due to a commercial paper conduit. At July 31, 2019, $106.1 million of trade accounts receivable were pledged as collateral against $62.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from Ferrellgas, L.P. Ferrellgas, L.P. does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

As of January 31, 2020, Ferrellgas, L.P. had received cash proceeds of $121.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds or issue letters of credit. As of July 31, 2019, Ferrellgas, L.P. had received cash proceeds of $62.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 4.6% and 5.5% as of January 31, 2020 and July 31, 2019, respectively.