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

3 Months Ended

Oct. 31, 2020

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 October 31, 2020
	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	$	296,890	$	1	$	—	$	2,631	$	—	$	299,522
Accounts and notes receivable, net		15,547		—		—		103,941		—		119,488
Intercompany receivables		87,191		—		—		—		(87,191)		—
Inventories		78,980		—		—		—		—		78,980
Prepaid expenses and other current assets		40,044		—		—		—		—		40,044
Total current assets		518,652		1		—		106,572		(87,191)		538,034
Property, plant and equipment, net		592,132		—		—		—		—		592,132
Goodwill, net		246,946		—		—		—		—		246,946
Intangible assets, net		101,812		—		—		—		—		101,812
Investments in consolidated subsidiaries		37,821		—		—		—		(37,821)		—
Operating lease right-of-use assets		100,349		—		—		—		—		100,349
Other assets, net		71,029		—		2,255		238		—		73,522
Total assets	$	1,668,741	$	1	$	2,255	$	106,810	$	(125,012)	$	1,652,795
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	44,641	$	—	$	—	$	—	$	—	$	44,641
Intercompany payables		—		—		—		87,191		(87,191)		—
Current portion of long-term debt		502,095		—		—		—		—		502,095
Current operating lease liabilities		28,280		—		—		—		—		28,280
Other current liabilities		175,856		—		—		(15,946)		—		159,910
Total current liabilities		750,872		—		—		71,245		(87,191)		734,926
Long-term debt		1,647,106		—		—		—		—		1,647,106
Operating lease liabilities		83,337		—		—		—		—		83,337
Other liabilities		49,543		—		—		—		—		49,543
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(867,721)		1		2,255		35,565		(37,821)		(867,721)
Accumulated other comprehensive income		5,604		—		—		—		—		5,604
Total partners' capital (deficit)		(862,117)		1		2,255		35,565		(37,821)		(862,117)
Total liabilities and partners' capital (deficit)	$	1,668,741	$	1	$	2,255	$	106,810	$	(125,012)	$	1,652,795

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	As of July 31, 2020
	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	$	332,244	$	1	$	—	$	1,510	$	—	$	333,755
Accounts and notes receivable, net		11,879		—		24		89,535		—		101,438
Intercompany receivables		69,980		—		—		—		(69,980)		—
Inventories		72,664		—		—		—		.		72,664
Prepaid expenses and other current assets		35,897		—		—		—		—		35,897
Total current assets		522,664		1		24		91,045		(69,980)		543,754
Property, plant and equipment, net		591,042		—		—		—		—		591,042
Goodwill, net		247,195		—		—		—		—		247,195
Intangible assets, net		104,049		—		—		—		—		104,049
Investments in consolidated subsidiaries		37,662		—		—		—		(37,662)		—
Operating lease right-of-use assets		107,349		—		—		—		—		107,349
Other assets, net		72,137		—		2,255		356		—		74,748
Total assets	$	1,682,098	$	1	$	2,279	$	91,401	$	(107,642)	$	1,668,137
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	33,944	$	—	$	—	$	—	$	—	$	33,944
Intercompany payables		—		—		—		69,980		(69,980)		—
Current portion of long-term debt		502,095		—		—		—		—		502,095
Current operating lease liabilities		29,345		—		—		—		—		29,345
Other current liabilities		162,097		—		—		(13,961)		—		148,136
Total current liabilities		727,481		—		—		56,019		(69,980)		713,520
Long-term debt		1,646,396		—		—		—		—		1,646,396
Operating lease liabilities		89,022		—		—		—		—		89,022
Other liabilities		51,190		—		—		—		—		51,190
Contingencies and commitments
Partners' capital (deficit):
Partners' equity		(829,678)		1		2,279		35,382		(37,662)		(829,678)
Accumulated other comprehensive income		(2,313)		—		—		—		—		(2,313)
Total partners' capital (deficit)		(831,991)		1		2,279		35,382		(37,662)		(831,991)
Total liabilities and partners' capital (deficit)	$	1,682,098	$	1	$	2,279	$	91,401	$	(107,642)	$	1,668,137

Condensed Income Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended October 31, 2020
	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	$	281,049	$	—	$	—	$	—	$	—	$	281,049
Other		19,845		—		—		—		—		19,845
Total revenues		300,894		—		—		—		—		300,894
Costs and expenses:
Cost of sales - propane and other gas liquids sales		137,627		—		—		—		—		137,627
Cost of sales - other		3,667		—		—		—		—		3,667
Operating expense - personnel, vehicle, plant and other		109,027		—		—		737		(737)		109,027
Operating expense - equipment lease expense		6,830		—		—		—		—		6,830
Depreciation and amortization expense		21,390		—		—		—		—		21,390
General and administrative expense		13,074		2		—		—		—		13,076
Non-cash employee stock ownership plan compensation charge		708		—		—		—		—		708
Loss on asset sales and disposals		813		—		—		—		—		813
Operating income (loss)		7,758		(2)		—		(737)		737		7,756
Interest expense		(45,901)		—		—		(627)		—		(46,528)
Other income (expense), net		129		—		(21)		1,679		(1,679)		108
Earnings (loss) before income taxes		(38,014)		(2)		(21)		315		(942)		(38,664)
Income tax expense		87		—		—		—		—		87
Equity in earnings (loss) of subsidiaries		292		—		—		—		(292)		—
Net earnings (loss)		(37,809)		(2)		(21)		315		(1,234)		(38,751)
Other comprehensive income		7,917		—		—		—		—		7,917
Comprehensive income (loss)	$	(29,892)	$	(2)	$	(21)	$	315	$	(1,234)	$	(30,834)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended October 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	$	273,385	$	—	$	—	$	—	$	—	$	273,385
Other		19,829		—		—		—		—		19,829
Total revenues		293,214		—		—		—		—		293,214
Costs and expenses:
Cost of sales - propane and other gas liquids sales		134,028		—		—		—		—		134,028
Cost of sales - other		3,681		—		—		—		—		3,681
Operating expense - personnel, vehicle, plant and other		114,543		—		—		885		(885)		114,543
Operating expense - equipment lease expense		8,388		—		—		—		—		8,388
Depreciation and amortization expense		19,107		—		—		112		—		19,219
General and administrative expense		9,695		1		—		—		—		9,696
Non-cash employee stock ownership plan compensation charge		795		—		—		—		—		795
Loss on asset sales and disposals		2,235		—		—		—		—		2,235
Operating income (loss)		742		(1)		—		(997)		885		629
Interest expense		(35,691)		—		—		(1,186)		—		(36,877)
Other income (expense), net		(132)		—		—		720		(720)		(132)
Earnings (loss) before income taxes		(35,081)		(1)		—		(1,463)		165		(36,380)
Income tax expense		518		—		—		—		—		518
Equity in earnings (loss) of subsidiary		(1,464)		—		—		—		1,464		—
Net earnings (loss)		(37,063)		(1)		—		(1,463)		1,629		(36,898)
Other comprehensive loss		(6,148)		—		—		—		—		(6,148)
Comprehensive income (loss)	$	(43,211)	$	(1)	$	—	$	(1,463)	$	1,629	$	(43,046)

Condensed Cash Flow Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the three months ended October 31, 2020
	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	$	(9,925)	$	(2)	$	3	$	(2,687)	$	1,121	$	(11,490)
Cash flows from investing activities:
Business acquisitions, net of cash acquired		—		—		—		—		—		—
Capital expenditures		(19,454)		—		—		—		—		(19,454)
Proceeds from sale of assets		1,407		—		—		—		—		1,407
Cash collected for purchase of interest in accounts receivable		—		—		—		153,131		(153,131)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(152,010)		152,010		—
Intercompany loan to affiliate		(2,686)		—		—		—		2,686		—
Net cash provided by (used in) investing activities		(20,733)		—		—		1,121		1,565		(18,047)
Cash flows from financing activities:
Payments on long-term debt		(696)		—		—		—		—		(696)
Net changes in advances with consolidated entities		—		2		(3)		2,687		(2,686)		—
Cash payments for principal portion of finance lease liability		(1,703)		—		—		—		—		(1,703)
Cash paid for financing costs and other		(2,297)		—		—		—		—		(2,297)
Net cash provided by (used in) financing activities		(4,696)		2		(3)		2,687		(2,686)		(4,696)
Net change in cash and cash equivalents		(35,354)		—		—		1,121		—		(34,233)
Cash and cash equivalents - beginning of year		332,244		1		—		1,510		—		333,755
Cash, cash equivalents and restricted cash - end of year	$	296,890	$	1	$	—	$	2,631	$	—	$	299,522

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the three months ended October 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	$	21,350	$	(1)	$	506	$	(3,708)	$	(11,000)	$	7,147
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(6,400)		—		—		—		—		(6,400)
Capital expenditures		(18,126)		—		—		—		—		(18,126)
Proceeds from sale of assets		835		—		—		—		—		835
Cash collected for purchase of interest in accounts receivable		—		—		—		161,600		(161,600)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(172,600)		172,600		—
Intercompany loan to affiliate		(3,203)		—		—		—		3,203		—
Cash payment to construct assets in connection with future lease transactions		(16,879)		—		—		—		—		(16,879)
Cash receipts in connection with leased vehicles		5,863		—		—		—		—		5,863
Net cash provided by (used in) investing activities		(37,910)		—		—		(11,000)		14,203		(34,707)
Cash flows from financing activities:
Distributions		(101)		—		—		—		—		(101)
Reductions in long-term debt		(512)		—		—		—		—		(512)
Net additions to short-term borrowings		37,000		—		—		—		—		37,000
Net additions to collateralized short-term borrowings		—		—		—		11,000		—		11,000
Net changes in advances with consolidated entries		—		1		(506)		3,708		(3,203)		—
Cash payments for principal portion of finance lease liability		(38)		—		—		—		—		(38)
Cash paid for financing costs and other		(1,102)		—		—		—		—		(1,102)
Net cash provided by (used in) financing activities		35,247		1		(506)		14,708		(3,203)		46,247
Net change in cash and cash equivalents		18,687		—		—		—		—		18,687
Cash and cash equivalents - beginning of year		11,045		1		—		—		—		11,046
Cash and cash equivalents - end of year	$	29,732	$	1	$	—	$	—	$	—	$	29,733