N. Condensed parent only debtor-in-possession financial information

The following financial statements represent the unaudited condensed combined financial statements of the Debtor. The results of the non-debtor entities are not included in these financial statements.

FERRELLGAS PARTNERS, L.P.

(DEBTOR-IN-POSSESSION)
PARENT ONLY
BALANCE SHEET
(in thousands)

(unaudited)


	January 31,
	2021
ASSETS

Cash and cash equivalents	$	19,906
Prepaid expenses and other current assets		269
Total assets	$	20,175

LIABILITIES AND PARTNERS’ DEFICIT

Other current liabilities	$	1,661
Loan payable to Ferrellgas, L.P		19,900
Accrued interest payable on Ferrellgas, L.P. loan		251
Total liabilities not subject to compromise		21,812
Liabilities subject to compromise		390,101
Total liabilities		411,913

Investment in Ferrellgas, L.P.		753,579

Partners’ deficit
Total partners’ deficit attributable to debtors		(1,145,317)
Total liabilities and partners’ deficit	$	20,175

FERRELLGAS PARTNERS, L.P.

(DEBTOR-IN-POSSESSION)

PARENT ONLY

STATEMENTS OF OPERATIONS

(in thousands)

(unaudited)


	For the three months ended January 31,		For the six months ended January 31,
	2021		2021
Expenses:
General and administrative expense	$	221	$	225
Interest expense		6,324		14,022
Reorganization expense - professional fees		1,200		1,200
Total expenses		7,745		15,447

Loss before income taxes and equity in earnings of non-debtor entities		(7,745)		(15,447)

Income tax expense		14		14
Equity in earnings of non-debtor entities		71,750		32,999

Net earnings		63,991		17,538

Net earnings attributable to noncontrolling interest		724		333

Net earnings attributable to the debtor		63,267		17,205

Total other comprehensive income		—		—

Comprehensive income attributable to debtor	$	63,267	$	17,205

FERRELLGAS PARTNERS, L.P.

(DEBTOR-IN-POSSESSION)

PARENT ONLY

STATEMENT OF CASH FLOWS

(in thousands)

(unaudited)


	For the six months ended January 31,
	2021

Cash flows from operating activities:
Net cash provided by operating activities	$	—

Cash flows from investing activities:
Net cash provided by investing activities		—

Cash flows from financing activities:
Proceeds from loan from Ferrellgas, L.P.		19,900
Net cash provided by financing activities		19,900

Net increase in cash and cash equivalents		19,900
Cash and cash equivalents - beginning of year		6
Cash and cash equivalents - end of year	$	19,906