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

6 Months Ended

Jan. 31, 2021

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 January 31, 2021
	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	$	300,436	$	1	$	—	$	6,140	$	—	$	306,577
Accounts and notes receivable, net		5,837		—		—		200,443		—		206,280
Intercompany receivables		169,668		—		—		—		(169,668)		—
Inventories		90,473		—		—		—		—		90,473
Prepaid expenses and other current assets		73,106		—		—		—		—		73,106
Total current assets		639,520		1		—		206,583		(169,668)		676,436
Property, plant and equipment, net		587,870		—		—		—		—		587,870
Goodwill, net		246,946		—		—		—		—		246,946
Intangible assets, net		99,644		—		—		—		—		99,644
Investments in consolidated subsidiaries		39,143		—		—		—		(39,143)		—
Operating lease right-of-use assets		97,249		—		—		—		—		97,249
Loan receivable - Ferrellgas Partners, L.P.		20,151		—		—		—		—		20,151
Other assets, net		88,784		—		2,255		120		—		91,159
Total assets	$	1,819,307	$	1	$	2,255	$	206,703	$	(208,811)	$	1,819,455
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	79,224	$	—	$	—	$	—	$	—	$	79,224
Intercompany payables		—		—		—		169,668		(169,668)		—
Current portion of long-term debt		501,865		—		—		—		—		501,865
Current operating lease liabilities		27,895		—		—		—		—		27,895
Other current liabilities		190,560		—		(3)		151		—		190,708
Total current liabilities		799,544		—		(3)		169,819		(169,668)		799,692
Long-term debt		1,650,410		—		—		—		—		1,650,410
Operating lease liabilities		80,901		—		—		—		—		80,901
Other liabilities		49,541		—		—		—		—		49,541
Partners' capital (deficit):
Partners' equity		(795,209)		1		2,258		36,884		(39,143)		(795,209)
Accumulated other comprehensive income		34,120		—		—		—		—		34,120
Total partners' capital (deficit)		(761,089)		1		2,258		36,884		(39,143)		(761,089)
Total liabilities and partners' capital (deficit)	$	1,819,307	$	1	$	2,255	$	206,703	$	(208,811)	$	1,819,455

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 January 31, 2021
	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	$	528,434	$	—	$	—	$	—	$	—	$	528,434
Other		25,126		—		—		—		—		25,126
Total revenues		553,560		—		—		—		—		553,560
Costs and expenses:
Cost of sales - propane and other gas liquids sales		270,777		—		—		—		—		270,777
Cost of sales - other		3,504		—		—		—		—		3,504
Operating expense - personnel, vehicle, plant and other		115,247		—		—		2,437		(2,437)		115,247
Operating expense - equipment lease expense		6,862		—		—		—		—		6,862
Depreciation and amortization expense		21,249		—		—		—		—		21,249
General and administrative expense		20,254		—		—		—		—		20,254
Non-cash employee stock ownership plan compensation charge		762		—		—		—		—		762
Loss on asset sales and disposals		80		—		—		—		—		80
Operating income (loss)		114,825		—		—		(2,437)		2,437		114,825
Interest expense		(45,958)		—		—		(564)		—		(46,522)
Other income (expense), net		3,774		—		(15)		1,614		(1,614)		3,759
Earnings (loss) before income taxes		72,641		—		(15)		(1,387)		823		72,062
Income tax expense		312		—		—		—		—		312
Equity in earnings (loss) of subsidiaries		(1,402)		—		—		—		1,402		—
Net earnings (loss)		70,927		—		(15)		(1,387)		2,225		71,750
Other comprehensive income		28,516		—		—		—		—		28,516
Comprehensive income (loss)	$	99,443	$	—	$	(15)	$	(1,387)	$	2,225	$	100,266

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the three months ended January 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	$	485,247	$	—	$	—	$	—	$	—	$	485,247
Other		25,586		—		—		—		—		25,586
Total revenues		510,833		—		—		—		—		510,833
Costs and expenses:
Cost of sales - propane and other gas liquids sales		237,843		—		—		—		—		237,843
Cost of sales - other		3,353		—		—		—		—		3,353
Operating expense - personnel, vehicle, plant and other		128,233		—		—		1,050		(1,050)		128,233
Operating expense - equipment lease expense		8,261		—		—		—		—		8,261
Depreciation and amortization expense		19,684		—		—		111		—		19,795
General and administrative expense		14,082		3		—		—		—		14,085
Non-cash employee stock ownership plan compensation charge		630		—		—		—		—		630
Loss on asset sales and disposals		2,148		—		—		—		—		2,148
Operating income (loss)		96,599		(3)		—		(1,161)		1,050		96,485
Interest expense		(37,778)		—		—		(912)		—		(38,690)
Other income (expense), net		76		—		—		1,882		(1,882)		76
Earnings (loss) before income taxes		58,897		(3)		—		(191)		(832)		57,871
Income tax expense		115		—		—		—		—		115
Equity in earnings (loss) of subsidiary		(194)		—		—		—		194		—
Net earnings (loss)		58,588		(3)		—		(191)		(638)		57,756
Other comprehensive loss		(2,555)		—		—		—		—		(2,555)
Comprehensive income (loss)	$	56,033	$	(3)	$	—	$	(191)	$	(638)	$	55,201

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the six months ended January 31, 2021
	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	$	809,483	$	—	$	—	$	—	$	—	$	809,483
Other		44,971		—		—		—		—		44,971
Total revenues		854,454		—		—		—		—		854,454
Costs and expenses:
Cost of sales - propane and other gas liquids sales		408,404		—		—		—		—		408,404
Cost of sales - other		7,171		—		—		—		—		7,171
Operating expense - personnel, vehicle, plant and other		224,274		—		—		3,174		(3,174)		224,274
Operating expense - equipment lease expense		13,692		—		—		—		—		13,692
Depreciation and amortization expense		42,639		—		—		—		—		42,639
General and administrative expense		33,328		2		—		—		—		33,330
Non-cash employee stock ownership plan compensation charge		1,470		—		—		—		—		1,470
Loss on asset sales and disposals		893		—		—		—		—		893
Operating income (loss)		122,583		(2)		—		(3,174)		3,174		122,581
Interest expense		(91,859)		—		—		(1,191)		—		(93,050)
Other income (expense), net		3,903		—		(36)		3,293		(3,293)		3,867
Earnings (loss) before income taxes		34,627		(2)		(36)		(1,072)		(119)		33,398
Income tax expense		399		—		—		—		—		399
Equity in earnings (loss) of subsidiary		(1,110)		—		—		—		1,110		—
Net earnings (loss)		33,118		(2)		(36)		(1,072)		991		32,999
Other comprehensive loss		36,433		—		—		—		—		36,433
Comprehensive income (loss)	$	69,551	$	(2)	$	(36)	$	(1,072)	$	991	$	69,432

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)

	For the six months ended January 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	$	758,632	$	—	$	—	$	—	$	—	$	758,632
Other		45,415		—		—		—		—		45,415
Total revenues		804,047		—		—		—		—		804,047
Costs and expenses:
Cost of sales - propane and other gas liquids sales		371,871		—		—		—		—		371,871
Cost of sales - other		7,034		—		—		—		—		7,034
Operating expense - personnel, vehicle, plant and other		242,776		—		—		1,935		(1,935)		242,776
Operating expense - equipment lease expense		16,649		—		—		—		—		16,649
Depreciation and amortization expense		38,791		—		—		223		—		39,014
General and administrative expense		23,777		4		—		—		—		23,781
Non-cash employee stock ownership plan compensation charge		1,425		—		—		—		—		1,425
Loss on asset sales and disposals		4,383		—		—		—		—		4,383
Operating income (loss)		97,341		(4)		—		(2,158)		1,935		97,114
Interest expense		(73,469)		—		—		(2,098)		—		(75,567)
Other income (expense), net		(56)		—		—		2,602		(2,602)		(56)
Earnings (loss) before income taxes		23,816		(4)		—		(1,654)		(667)		21,491
Income tax expense		633		—		—		—		—		633
Equity in earnings (loss) of subsidiaries		(1,658)		—		—		—		1,658		—
Net earnings (loss)		21,525		(4)		—		(1,654)		991		20,858
Other comprehensive loss		(8,703)		—		—		—		—		(8,703)
Comprehensive income (loss)	$	12,822	$	(4)	$	—	$	(1,654)	$	991	$	12,155

Condensed Cash Flow Statement [Table Text Block]

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the six months ended January 31, 2021
	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	$	44,691	$	(6)	$	(9)	$	(4,856)	$	4,631	$	44,451
Cash flows from investing activities:
Capital expenditures		(35,333)		—		—		—		—		(35,333)
Proceeds from sale of assets		3,144		—		—		—		—		3,144
Cash collected for purchase of interest in accounts receivable		—		—		—		422,498		(422,498)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(417,867)		417,867		—
Intercompany loan to affiliate		(4,870)								4,870
Other - Loan to MLP		(19,900)		—		—		—		—		(19,900)
Net cash provided by (used in) investing activities		(56,959)		—		—		4,631		239		(52,089)
Cash flows from financing activities:
Payments on long-term debt		(1,120)		—		—		—		—		(1,120)
Net changes in advances with consolidated entities		—		6		9		4,855		(4,870)		—
Cash payments for principal portion of finance lease liability		(3,460)		—		—		—		—		(3,460)
Cash paid for financing costs and other		(14,960)		—		—		—		—		(14,960)
Net cash provided by (used in) financing activities		(19,540)		6		9		4,855		(4,870)		(19,540)
Net change in cash and cash equivalents		(31,808)		—		—		4,630		—		(27,178)
Cash and cash equivalents - beginning of year		332,244		1		—		1,510		—		333,755
Cash, cash equivalents and restricted cash - end of year	$	300,436	$	1	$	—	$	6,140	$	—	$	306,577

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	For the six months ended January 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	$	80,433	$	(4)	$	512	$	(5,941)	$	(59,000)	$	16,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired		(6,400)		—		—		—		—		(6,400)
Capital expenditures		(33,422)		—		—		—		—		(33,422)
Proceeds from sale of assets		1,659		—		—		—		—		1,659
Cash collected for purchase of interest in accounts receivable		—		—		—		416,325		(416,325)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(475,325)		475,325		—
Intercompany loan to affiliate		(5,433)		—		—		—		5,433		—
Cash payment to construct assets in connection with future lease transactions		(30,307)		—		—		—		—		(30,307)
Cash receipts in connection with leased vehicles		19,929		—		—		—		—		19,929
Net cash provided by (used in) investing activities		(53,974)		—		—		(59,000)		64,433		(48,541)
Cash flows from financing activities:
Distributions		(15,654)		—		—		—		—		(15,654)
Reductions in long-term debt		(972)		—		—		—		—		(972)
Net reductions to short-term borrowings		(3,000)		—		—		—		—		(3,000)
Net additions to collateralized short-term borrowings		—		—		—		59,000		—		59,000
Net changes in advances with consolidated entries		—		4		(512)		5,941		(5,433)		—
Cash paid for financing costs and other		(4,236)		—		—		—		—		(4,236)
Net cash provided by (used in) financing activities		(23,862)		4		(512)		64,941		(5,433)		35,138
Net change in cash and cash equivalents		2,597		—		—		—		—		2,597
Cash and cash equivalents - beginning of year		11,045		1		—		—		—		11,046
Cash and cash equivalents - end of year	$	13,642	$	1	$	—	$	—	$	—	$	13,643