XML 31 R31.htm IDEA: XBRL DOCUMENT v3.20.1
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jan. 31, 2020
Fair Value of Financial Derivatives Balance Sheet Locations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Final

January 31, 2020

 

 

Maturity

Asset Derivatives

 

Liability Derivatives

Derivative Instrument

    

Date

Location

    

Fair value

    

Location

    

Fair value

Derivatives designated as hedging instruments

 

December 2021

  

 

 

  

 

  

 

 

  

Commodity derivatives-propane

 

 

Prepaid expenses and other current assets

 

$

253

 

Other current liabilities

 

$

22,861

Commodity derivatives-propane

 

 

Other assets, net

 

 

 —

 

Other liabilities

 

 

741

 

 

 

Total

 

$

253

 

Total

 

$

23,602

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Final

July 31, 2019

 

 

Maturity

Asset Derivatives

 

Liability Derivatives

Derivative Instrument

    

Date

Location

    

Fair value

    

Location

    

Fair value

Derivatives designated as hedging instruments

 

December 2021

  

 

 

  

 

  

 

 

  

Commodity derivatives-propane

 

 

Prepaid expenses and other current assets

 

$

910

 

Other current liabilities

 

$

14,198

Commodity derivatives-propane

 

 

Other assets, net

 

 

349

 

Other liabilities

 

 

1,817

 

 

 

Total

 

$

1,259

 

Total

 

$

16,015

 

Offsetting Assets And Liabilities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2020

 

 

Assets

 

Liabilities

Description

    

Location

    

Amount

    

Location

    

Amount

Margin Balances

 

Prepaid expense and other current assets

 

$

33,436

 

Other current liabilities

 

$

4,236

 

 

Other assets, net

 

 

1,513

 

Other liabilities

 

 

108

 

 

 

 

$

34,949

 

  

 

$

4,344

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2019

 

 

Assets

 

Liabilities

Description

    

Location

    

Amount

    

Location

    

Amount

Margin Balances

 

Prepaid expense and other current assets

 

$

25,028

 

Other current liabilities

 

$

1,217

 

 

Other assets, net

 

 

2,969

 

Other liabilities

 

 

 —

 

 

 

 

$

27,997

 

  

 

$

1,217

 

Cash Flow Hedge Derivative Effect on Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended January 31, 2020

 

    

 

 

    

 

    

Amount of Gain (Loss) 

 

 

Amount of Gain

 

Location of Gain (Loss)

 

Reclassified from

 

 

(Loss) Recognized in

 

Reclassified from 

 

AOCI into Income

Derivative Instrument

    

AOCI

    

AOCI into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

 

$

(11,212)

 

Cost of product sold- propane and other gas liquids sales

 

$

(8,766)

 

$

 —

 

 

$

(11,212)

 

 

 

$

(8,766)

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended January 31, 2019

 

 

 

 

 

 

Amount of Gain (Loss)

 

 

Amount of Gain (Loss)

 

Location of Gain (Loss)

 

Reclassified from

 

 

Recognized in

 

Reclassified from

 

AOCI into Income

Derivative Instrument

    

AOCI

    

AOCI into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

 

$

(21,080)

 

Cost of product sold- propane and other gas liquids sales

 

$

3,807

 

$

 —

 

 

$

(21,080)

 

 

 

$

3,807

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended January 31, 2020

 

 

 

 

 

 

Amount of Gain (Loss)

 

 

Amount of Gain (Loss)

 

Location of Gain (Loss)

 

Reclassified from

 

 

Recognized in

 

Reclassified from 

 

AOCI into Income

Derivative Instrument

    

AOCI

    

AOCI into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

 

$

(24,839)

 

Cost of sales-propane and other gas liquids sales

 

$

(16,245)

 

$

 —

 

 

$

(24,839)

 

 

 

$

(16,245)

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended January 31, 2019

 

 

 

 

 

 

Amount of Gain (Loss)

 

 

Amount of Gain (Loss)

 

Location of Gain (Loss)

 

Reclassified from

 

 

Recognized in

 

Reclassified from

 

AOCI into Income

Derivative Instrument

    

AOCI

    

AOCI into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

 

$

(29,234)

 

Cost of sales-propane and other gas liquids sales

 

$

626

 

$

 —

 

 

$

(29,234)

 

 

 

$

626

 

$

 —

 

Changes in Derivatives Included in Accumulated Other Comprehensive Income

 

 

 

 

 

 

 

 

 

For the six months ended January 31, 

Gains and losses on derivatives included in AOCI

    

2020

    

2019

Beginning balance

 

$

(14,756)

 

$

20,560

Change in value of risk management commodity derivatives

 

 

(24,839)

 

 

(29,234)

Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net

 

 

16,245

 

 

(626)

Ending balance

 

$

(23,350)

 

$

(9,300)

 

Ferrellgas, L.P. [Member]  
Fair Value of Financial Derivatives Balance Sheet Locations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Final

January 31, 2020

 

 

Maturity

Asset Derivatives

 

Liability Derivatives

Derivative Instrument

    

Date

Location

    

Fair value

    

Location

    

Fair value

Derivatives designated as hedging instruments

 

December 2021

 

 

 

 

 

 

 

 

 

Commodity derivatives-propane

 

 

Prepaid expenses and other current assets

 

$

253

 

Other current liabilities

 

$

22,861

Commodity derivatives-propane

 

 

Other assets, net

 

 

 —

 

Other liabilities

 

 

741

 

 

 

Total

 

$

253

 

Total

 

$

23,602

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Final

July 31, 2019

 

 

Maturity

Asset Derivatives

 

Liability Derivatives

Derivative Instrument

    

Date

Location

    

Fair value

    

Location

    

Fair value

Derivatives designated as hedging instruments

 

December 2021

 

 

 

 

 

 

 

 

 

Commodity derivatives-propane

 

 

Prepaid expenses and other current assets

 

$

910

 

Other current liabilities

 

$

14,198

Commodity derivatives-propane

 

 

Other assets, net

 

 

349

 

Other liabilities

 

 

1,817

 

 

 

Total

 

$

1,259

 

Total

 

$

16,015

 

Offsetting Assets And Liabilities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2020

 

 

Assets

 

Liabilities

Description

    

Location

    

Amount

    

Location

    

Amount

Margin Balances

 

Prepaid expense and other current assets

 

$

33,436

 

Other current liabilities

 

$

4,236

 

 

Other assets, net

 

 

1,513

 

Other liabilities

 

 

108

 

 

 

 

$

34,949

 

  

 

$

4,344

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2019

 

 

Assets

 

Liabilities

Description

    

Location

    

Amount

    

Location

    

Amount

Margin Balances

 

Prepaid expense and other current assets

 

$

25,028

 

Other current liabilities

 

$

1,217

 

 

Other assets, net

 

 

2,969

 

Other liabilities

 

 

 —

 

 

 

 

$

27,997

 

  

 

$

1,217

 

Cash Flow Hedge Derivative Effect on Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended January 31, 2020

 

 

 

 

 

 

 

Amount of Gain (Loss)

 

 

 

 

 

Location of Gain (Loss)

 

Reclassified from

 

 

Amount of Gain (Loss)

 

Reclassified from AOCI

 

AOCI into Income

Derivative Instrument

    

Recognized in AOCI

    

into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

 

$

(11,212)

    

Cost of product sold- propane and other gas liquids sales

 

$

(8,766)

 

$

 —

 

 

$

(11,212)

 

  

 

$

(8,766)

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended January 31, 2019

 

 

 

 

 

 

 

Amount of Gain (Loss)

 

 

 

 

 

Location of Gain (Loss)

 

Reclassified from

 

 

Amount of Gain (Loss)

 

Reclassified from AOCI

 

AOCI into Income

Derivative Instrument

    

Recognized in AOCI

    

into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

 

$

(21,080)

 

Cost of product sold- propane and other gas liquids sales

 

$

3,807

 

$

 —

 

 

$

(21,080)

 

 

 

$

3,807

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended January 31, 2020

 

 

 

 

 

 

 

Amount of Gain (Loss)

 

 

 

 

 

Location of Gain (Loss)

 

Reclassified from

 

 

Amount of Gain (Loss)

 

Reclassified from AOCI

 

AOCI into Income

Derivative Instrument

    

Recognized in AOCI

    

into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

 

$

(24,839)

 

Cost of sales-propane and other gas liquids sales

 

$

(16,245)

 

$

 —

 

 

$

(24,839)

 

 

 

$

(16,245)

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended January 31, 2019

 

 

 

 

 

 

 

Amount of Gain (Loss)

 

 

 

 

 

Location of Gain (Loss)

 

Reclassified from

 

 

Amount of Gain (Loss)

 

Reclassified from AOCI

 

AOCI into Income

Derivative Instrument

    

Recognized in AOCI

    

into Income

    

Effective portion

    

Ineffective portion

Commodity derivatives

 

$

(29,234)

 

Cost of sales-propane and other gas liquids sales

 

$

626

 

$

 —

 

 

$

(29,234)

 

 

 

$

626

 

$

 —

 

Changes in Derivatives Included in Accumulated Other Comprehensive Income

 

 

 

 

 

 

 

 

 

For the six months ended January 31, 

Gains and losses on derivatives included in AOCI

    

2020

    

2019

Beginning balance

 

$

(14,756)

 

$

20,560

Change in value of risk management commodity derivatives

 

 

(24,839)

 

 

(29,234)

Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net

 

 

16,245

 

 

(626)

Ending balance

 

$

(23,350)

 

$

(9,300)