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Condensed parent only debtor in possession financial information (Tables) - Debtor In Possession [Member]
6 Months Ended
Jan. 31, 2021
Condensed Financial Statements, Captions [Line Items]  
Condensed Balance Sheet [Table Text Block]

 

 

 

 

 

 

 

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

 

 

Condensed Income Statement [Table Text Block]

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

Condensed Cash Flow Statement [Table Text Block]

 

 

 

 

 

 

 

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