0001558370-20-011490 | 10-K | XBRL Viewer

Summary Of Significant Accounting Policies

B. Summary of significant accounting policies

(1) Accounting estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Significant estimates impacting the consolidated financial statements include accruals that have been established for contingent liabilities, pending claims and legal actions arising in the normal course of business, useful lives of property, plant and equipment, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for doubtful accounts, fair value of reporting units, recoverability of long-lived assets, assumptions used to value business combinations, determination of incremental borrowing rate used to measure right-of-use asset and lease liability, fair values of derivative contracts and stock-based compensation calculations.

(2) Principles of consolidation: The accompanying consolidated financial statements present the consolidated financial position, results of operations and cash flows of Ferrellgas Partners, its wholly-owned subsidiary, Ferrellgas Partners Finance Corp., and the operating partnership, its majority-owned subsidiary, after elimination of all intercompany accounts and transactions. We have determined that the operating partnership is a variable interest entity for whom Ferrellgas Partners has no ability through voting rights or similar rights to make decisions and thus does not have the power to direct the activities of the operating partnership that most significantly impact economic performance. However, we have determined that the accounts of Ferrellgas Partners’ majority-owned subsidiary should be included because Ferrellgas Partners is most closely associated with the operations of the operating partnership due to the fact that Ferrellgas Partners has the obligation to absorb the losses of and the right to receive benefits from the operating partnership that are significant to the operating partnership and substantially all the assets and liabilities of Ferrellgas Partners consist of the operating partnership. The operating partnership includes the accounts of its wholly-owned subsidiaries. The general partner’s approximate 1% general partner interest in the operating partnership is accounted for as a noncontrolling interest. The wholly-owned consolidated subsidiary of the operating partnership, Ferrellgas Receivables, LLC (“Ferrellgas Receivables”), is a special purpose entity that has agreements with the operating partnership to securitize, on an ongoing basis, a portion of its trade accounts receivable.

Certain prior-year amounts have been reclassified to conform to the current-year presentation.

(3) Fair value measurements: Ferrellgas measures certain of its assets and liabilities at fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants – in either the principal market or the most advantageous market. The principal market is the market with the greatest level of activity and volume for the asset or liability.

The common framework for measuring fair value utilizes a three-level hierarchy to prioritize the inputs used in the valuation techniques to derive fair values. The basis for fair value measurements for each level within the hierarchy is described below with Level 1 having the highest priority and Level 3 having the lowest.

Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 2: Quoted prices in active markets for similar assets or liabilities; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets.

Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable.

(4) Accounts receivable: Accounts receivable are reported on the consolidated balance sheets at the gross outstanding amount adjusted for an allowance for doubtful accounts. Accounts receivable that are acquired are initially recorded at fair value on the date of acquisition. Provisions for uncollectible accounts are established based upon our collection experience and the assessment of the collectability of specific amounts. Accounts receivable are written off in the period in which the receivable is deemed uncollectible.

(5) Accounts receivable securitization: Through its wholly-owned and consolidated subsidiary Ferrellgas Receivables, Ferrellgas has agreements to securitize, on an ongoing basis, substantially all of its trade accounts receivable.

(6) Inventories: Inventories are stated at the lower of cost or net realizable value using weighted average cost and actual cost methods.

(7) Property, plant and equipment: Property, plant and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and routine repairs are expensed as incurred. Ferrellgas capitalizes computer software, equipment replacement and betterment expenditures that upgrade, replace or completely rebuild major mechanical components and extend the original useful life of the equipment. Depreciation is calculated using the straight-line method based on the estimated useful lives of the assets ranging from two to 30 years. Ferrellgas, using its best estimates based on reasonable and supportable assumptions and projections, tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of its assets or asset groups might not be recoverable. The recoverability tests for property, plant and equipment are performed at the asset group level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The recoverability test is performed by determining the carrying value of the asset group and comparing it to the estimated expected undiscounted future cash flows of the asset group. The expected future cash flows are estimated based on Ferrellgas management’s plans. If the carrying value exceeds the expected undiscounted future cash flows, an impairment loss is recognized for the difference between the estimated fair market value and the carrying value of the asset group.

(8) Goodwill: Ferrellgas records goodwill as the excess of the cost of acquisitions over the fair value of the related net assets at the date of acquisition. Ferrellgas tests goodwill for impairment annually during the second quarter or more frequently if events or changes in circumstances indicate that it is more likely than not the fair value of a reporting unit is less than the carrying value. Ferrellgas has determined that it has two reporting units for goodwill impairment testing purposes. As of July 31, 2020, one of these reporting units contains goodwill that is subject to at least an annual assessment for impairment by applying a fair-value-based test. Under this test, the carrying value of each reporting unit is determined by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units as of the date of the evaluation on a specific identification basis. To the extent a reporting unit’s carrying value exceeds its fair value, the reporting unit’s goodwill is impaired. The amount of impairment would be equal to the lesser of the excess of reporting unit carrying value over its fair value and the reporting unit’s recorded amount of goodwill. Ferrellgas completed its most recent annual goodwill impairment test on January 31, 2020 and did not incur an impairment loss.

(9) Intangible assets: Intangible assets with finite useful lives, consisting primarily of customer related assets and non-compete agreements, permits, favorable lease arrangements and patented technology are stated at cost, net of accumulated amortization calculated using the straight-line method over periods ranging from two to 15 years. When necessary, intangible assets’ useful lives are revised and the impact on amortization reflected on a prospective basis. Trade names and trademarks have indefinite lives, are not amortized, and are stated at cost. Ferrellgas tests finite-lived intangible assets for impairment when events or changes in circumstances indicate that the carrying amount of these assets or asset groups might not be recoverable. Ferrellgas tests indefinite-lived intangible assets for impairment annually on January 31 or more frequently if circumstances dictate. The recoverability tests for definite-lived intangible assets are performed at the asset group level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The recoverability test is performed by determining the carrying value of the asset group and comparing it to the estimated expected undiscounted future cash flows of the asset group. The expected future cash flows are estimated based on Ferrellgas management’s plans. If the carrying value exceeds the expected undiscounted future cash flows, an impairment loss is recognized for the difference between the estimated fair market value and the carrying value of the asset group.

(10) Derivative instruments and hedging activities:

Commodity and Transportation Fuel Price Risk.

Ferrellgas’ overall objective for entering into commodity based derivative contracts, including commodity options and swaps, is to hedge a portion of its exposure to market fluctuations in propane, gasoline and diesel prices.

Ferrellgas’ risk management activities primarily attempt to mitigate price risks related to the purchase, storage, transport and sale of propane generally in the contract and spot markets from major domestic energy companies on a short-term basis. Ferrellgas attempts to mitigate these price risks through the use of financial derivative instruments and forward propane purchase and sales contracts. Additionally, from time to time Ferrellgas risk management activities attempt to mitigate price risks related to the purchase of gasoline and diesel fuel for use in the transport of propane from retail fueling stations through the use of financial derivative instruments.

Ferrellgas’ risk management strategy involves taking positions in the forward or financial markets that are equal and opposite to Ferrellgas’ positions in the physical products market in order to minimize the risk of financial loss from an adverse price change. This risk management strategy is successful when Ferrellgas’ gains or losses in the physical product markets are offset by its losses or gains in the forward or financial markets. The propane related financial derivatives are designated as cash flow hedges. The gasoline and diesel related financial derivatives have not historically been formally designated and documented as a hedge of exposure to fluctuations in the market price of fuel.

Ferrellgas’ risk management activities may include the use of financial derivative instruments including, but not limited to, futures, swaps, and options to seek protection from adverse price movements and to minimize potential losses. Ferrellgas enters into these financial derivative instruments primarily with brokers who are clearing members with the Intercontinental Exchange or the Chicago Mercantile Exchange and, to a lesser extent, directly with third parties in the over-the-counter market. All of Ferrellgas’ financial derivative instruments are reported on the consolidated balance sheets at fair value.

Ferrellgas also enters into forward propane purchase and sales contracts with counterparties. These forward contracts qualify for the normal purchase normal sales exception within GAAP guidance and are therefore not recorded on Ferrellgas’ financial statements until settled.

On the date that derivative contracts are entered into, other than those designated as normal purchases or normal sales, Ferrellgas makes a determination as to whether the derivative instrument qualifies for designation as a hedge. These financial instruments are formally designated as a hedge of a specific underlying exposure, and that designation as well as the risk management objectives and strategies for undertaking the hedge transaction are documented. Because of the high degree of correlation between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instrument are generally offset by changes in the anticipated cash flows of the underlying exposure being hedged. Since the fair value of these derivatives fluctuates over their contractual lives, their fair value amounts should not be viewed in isolation, but rather in relation to the anticipated cash flows of the underlying hedged transaction and the overall reduction in Ferrellgas’ risk relating to adverse fluctuations in propane prices. Ferrellgas formally assesses, both at inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the anticipated cash flows of the related underlying exposures. Any ineffective portion of a financial instrument’s change in fair value is recognized in “Cost of product sold - propane and other gas liquids sales” in the consolidated statements of operations. Financial instruments formally designated and documented as a hedge of a specific underlying exposure are recorded gross at fair value as either “Prepaid expenses and other current assets”, “Other assets, net”, “Other current liabilities”, or “Other liabilities” on the consolidated balance sheets with changes in fair value reported in other comprehensive income.

Financial instruments not formally designated and documented as a hedge of a specific underlying exposure are recorded at fair value as “Prepaid expenses and other current assets”, “Other assets, net”, “Other current liabilities”, or “Other liabilities” on the consolidated balance sheets with changes in fair value reported in “Operating expense” on the consolidated statements of operations.

Interest Rate Risk.

Fluctuations in interest rates subject Ferrellgas to interest rate risk. Decreases in interest rates increase the fair value of Ferrellgas’ fixed rate debt, while increases in interest rates subject Ferrellgas to the risk of increased interest expense related to its variable rate borrowings.

Ferrellgas may enter into fair value hedges to help reduce its fixed interest rate risk. Interest rate swaps may be used to hedge the exposure to changes in the fair value of fixed rate debt due to changes in interest rates. Fixed rate debt that has been designated as being hedged is adjusted to offset the change in the fair value of interest rate derivatives that are fair value hedges, which are classified as “Prepaid expenses and other current assets”, “Other assets, net”, Other current liabilities” or as “Other liabilities” on the consolidated balance sheets. Changes in the fair value of fixed rate debt and any related fair value hedges are recognized as they occur in “Interest expense” on the consolidated statements of operations.

Ferrellgas may enter into cash flow hedges to help reduce its variable interest rate risk. Interest rate swaps are used to hedge the risk associated with rising interest rates and their effect on forecasted interest payments related to variable rate borrowings. These interest rate swaps are designated as cash flow hedges. Thus, the effective portions of changes in the fair value of the hedges are recorded in “Prepaid expenses and other current assets”, “Other assets, net”, “Other current liabilities” or as “Other liabilities” with an offsetting entry to “Other comprehensive income” at interim periods and are subsequently recognized as interest expense in the consolidated statements of operations when the forecasted transaction impacts earnings. Changes in the fair value of any cash flow hedges that are considered ineffective are recognized as interest expense on the consolidated statement of operations as they occur.

(11) Revenue recognition: Revenues from Ferrellgas’ propane operations and related equipment sales segment are recognized at the time product is delivered with payments generally due 30 days after receipt. Amounts are considered past due after 30 days. Ferrellgas determines accounts receivable allowances based on management’s assessment of the creditworthiness of the customers and other collection actions. Ferrellgas offers “even pay” billing programs that can create customer deposits or advances. Revenue is recognized from these customer deposits or advances to customers at the time product is delivered. Other revenues, which include revenue from the sale of propane appliances and equipment is recognized at the time of delivery or installation. Ferrellgas recognizes shipping and handling revenues and expenses for sales of propane, appliances and equipment at the time of delivery or installation. Shipping and handling revenues are included in the price of propane charged to customers, and are classified as revenue. Revenues from annually billed, non-refundable propane tank rentals are recognized in “Revenues: other” on a straight-line basis over one year.

Prior to the dispositions in 2018 which constituted Ferrellgas’ Midstream operations segment, revenues included crude oil sales, pipeline tariffs, trucking fees, rail throughput fees, pipeline management services, leasing, throughput, storage and salt water disposal. These revenues were recognized upon completion of the related service or delivery of product.

(12) Shipping and handling expenses: Shipping and handling expenses related to delivery personnel, vehicle repair and maintenance and general liability expenses are classified within “Operating expense – personnel, vehicle, plant and other” in the consolidated statements of operations. Depreciation expenses on delivery vehicles Ferrellgas owns are classified within “Depreciation and amortization expense.” Delivery vehicles and distribution technology under operating leases by Ferrellgas are classified within “Operating expense – equipment lease expense.” Delivery vehicles and distribution technology under finance leases by Ferrellgas are classified within “Depreciation and amortization expense.”

See Note F – Supplemental financial statement information – for the financial statement presentation of shipping and handling expenses.

(13) Cost of sales: “Cost of sales – propane and other gas liquids sales” includes all costs to acquire propane and other gas liquids, the costs of storing and transporting inventory prior to delivery to Ferrellgas’ customers, the results from risk management activities to hedge related price risk and the costs of materials related to the refurbishment of Ferrellgas’ portable propane tanks. “Cost of sales - midstream operations” includes all costs incurred to purchase and transport crude oil, including the costs of terminaling and transporting crude oil prior to delivery to customers and the costs of salt water disposal. “Cost of sales – other” primarily includes costs related to the sale of propane appliances and equipment.

(14) Operating expense: “Operating expense – personnel, vehicle, plant and other” primarily includes the personnel, vehicle, delivery, handling, plant, office, selling, marketing, credit and collections and other expenses.

(15) General and administrative expense: “General and administrative expense” primarily includes personnel and incentive expense related to executives and employees, as well as other overhead expenses related to centralized corporate functions.

(16) Stock-based plans:

Ferrell Companies, Inc. Incentive Compensation Plans (“ICPs”)

The ICPs are not Ferrellgas stock-compensation plans; however, in accordance with Ferrellgas’ partnership agreements, all Ferrellgas employee-related costs incurred by Ferrell Companies are allocated to Ferrellgas. As a result, Ferrellgas incurs a non-cash compensation charge from Ferrell Companies. During the years ended July 31, 2020, 2019 and 2018, the portion of the total non-cash compensation charge relating to the ICPs was zero. During fiscal 2020 there were no plan-based awards granted under the ICP and all outstanding stock appreciation rights (“SARs”) are currently valued at zero.

Ferrell Companies is authorized to issue up to 9.25 million SARs that are based on shares of Ferrell Companies common stock. The SARs were established by Ferrell Companies to allow upper-middle and senior level managers as well as directors of the general partner to participate in the equity growth of Ferrell Companies. The SARs awards vest ratably over periods ranging from zero to 10 years or 100% upon a change of control of Ferrell Companies, or upon the death, disability or retirement at the age of 65 of the participant. All awards expire 10 years from the date of issuance. The fair value of each award is estimated on each balance sheet date using a binomial valuation model.

(17) Income taxes: Ferrellgas Partners is a publicly-traded master limited partnership with one subsidiary that is a taxable corporation. The operating partnership is a limited partnership with three subsidiaries that are taxable corporations. Partnerships are generally not subject to federal income tax, although publicly-traded partnerships are treated as corporations for federal income tax purposes and therefore subject to Federal income tax unless a qualifying income test is satisfied. If this qualifying income test is satisfied, the publicly-traded partnership will be treated as a partnership for Federal income tax purposes. Based on Ferrellgas’ calculations, Ferrellgas Partners satisfies the qualifying income test. As a result, except for the taxable corporations, Ferrellgas Partners’ earnings or losses for Federal income tax purposes are included in the tax returns of the individual partners, Ferrellgas Partners’ unitholders. Accordingly, the accompanying consolidated financial statements of Ferrellgas Partners reflect federal income taxes related to the above mentioned taxable corporations and certain states that allow for income taxation of partnerships. Net earnings for financial statement purposes may differ significantly from taxable income reportable to Ferrellgas Partners unitholders as a result of differences between the tax basis and financial reporting basis of assets and liabilities, the taxable income allocation requirements under Ferrellgas Partners’ partnership agreement and differences between Ferrellgas Partners’ financial reporting fiscal year end and its calendar tax year end.

Income tax expense (benefit) consisted of the following:


	For the year ended July 31,
	2020		2019		2018
Current expense	$	297	$	180	$	1,140
Deferred expense (benefit)		554		143		(3,818)
Income tax expense (benefit)	$	851	$	323	$	(2,678)

Deferred taxes consisted of the following:


	July 31,
	2020		2019
Deferred tax assets (included in Other assets, net)	$	4	$	631
Deferred tax liabilities (included in Other liabilities)		(3)		(76)
Net deferred tax asset	$	1	$	555

(18) Sales taxes: Ferrellgas accounts for the collection and remittance of sales tax on a net tax basis. As a result, these amounts are not reflected in the consolidated statements of operations.

(19) Net loss per common unitholders’ interest: Net loss per common unitholders’ interest is computed by dividing “Net loss attributable to Ferrellgas Partners, L.P.,” after deducting the general partner’s approximate 1% interest, by the weighted average number of outstanding common units and the dilutive effect, if any, of outstanding unit options. See Note Q – Net loss per common unitholders’ interest – for further discussion about these calculations.

(20) Loss contingencies: In the normal course of business, Ferrellgas is involved in various claims and legal proceedings. Ferrellgas records a liability for such matters when it is probable that a loss has been incurred and the amounts can be reasonably estimated. When only a range of possible loss can be established, the most probable amount in the range is accrued. If no amount within this range is a better estimate than any other amount within the range, the minimum amount in the range is accrued. Legal costs associated with loss contingencies are expensed as incurred.

(21) New accounting standards:

FASB Accounting Standard Update No. 2016‑02

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 became effective for Ferrellgas for its annual reporting period beginning August 1, 2019, including interim periods within that reporting period. Ferrellgas adopted the standard using the transition relief option in ASU 2018-11, “Leases: Targeted Improvements” which, among other things, provides entities with an option to recognize the cumulative-effect adjustment from the modified retrospective application to the opening balance of retained earnings in the period of adoption and consequently, to continue to report comparative periods in compliance with the prior guidance (ASC 840).

Ferrellgas elected the short-term lease recognition exemption for all leases that qualify, meaning it does not recognize right-of-use assets (“ROU assets”) or lease liabilities for those leases. Ferrellgas also elected the practical expedient to not separate lease and non-lease components for its most significant leasing activity, which includes vehicle and real estate leases.

Additionally, Ferrellgas elected the package of three practical expedients which allows entities to not reassess initial direct costs, lease classification for existing or expired leases, and lease definition for existing or expired contracts as of the effective date of August 1, 2019. Ferrellgas did not, however, elect the hindsight method practical expedient which would have allowed it to reassess lease terms and impairment.

FASB Accounting Standard Update No. 2016‑13

In June 2016, the FASB issued ASU 2016‑13, Financial Instruments - Credit Losses (Topic 326) which requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. This standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. Ferrellgas adopted the amended guidance effective August 1, 2020. Ferrellgas does not expect this adoption to have a material impact on the consolidated financial statements.

FASB Accounting Standard Update No. 2017‑12

In August 2017, the FASB issued ASU 2017‑12, Financial Instruments - Derivatives and Hedging (Topic 815) - Targeted Improvements to Accounting for Hedging Activities, which is intended to improve the financial reporting for hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. This standard became effective for Ferrellgas for its fiscal year beginning August 1, 2019, including interim periods within that reporting period. Ferrellgas applied ASU No. 2017-12 using a modified retrospective approach for cash flow hedges existing at the date of adoption and prospectively for the presentation and disclosure guidance. The adoption of this standard did not have a material impact on our consolidated financial statements.

Summary Of Significant Accounting Policies

B. Summary of significant accounting policies

(1)

Accounting estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates. Significant estimates impacting the consolidated financial statements include accruals that have been established for contingent liabilities, pending claims and legal actions arising in the normal course of business, useful lives of property, plant and equipment, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for doubtful accounts, fair value of reporting units, recoverability of long-lived assets, assumptions used to value business combinations, determination of incremental borrowing rate used to measure right-of-use asset and lease liability, fair values of derivative contracts and stock-based compensation calculations.

(2)

Principles of consolidation: The accompanying consolidated financial statements present the consolidated financial position, results of operations and cash flows of Ferrellgas, L.P. and its subsidiaries after elimination of all intercompany accounts and transactions. Ferrellgas, L.P. consolidates the following wholly-owned entities: Bridger Logistics, LLC, Sable Environmental, LLC, Sable SWD 2, LLC, Blue Rhino Global Sourcing, Inc., Blue Rhino Canada, Inc., Ferrellgas Real Estate, Inc., Ferrellgas Finance Corp. and Ferrellgas Receivables, LLC (“Ferrellgas Receivables”), a special purpose entity that has agreements with Ferrellgas, L.P. to securitize, on an ongoing basis, a portion of its trade accounts receivable.

Certain prior-year amounts have been reclassified to conform to the current-year presentation.

(3)

Fair value measurements: Ferrellgas, L.P. measures certain of its assets and liabilities at fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants – in either the principal market or the most advantageous market. The principal market is the market with the greatest level of activity and volume for the asset or liability.

Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable.

(4)

Accounts receivable: Accounts receivable are reported on the consolidated balance sheets at the gross outstanding amount adjusted for an allowance for doubtful accounts. Accounts receivable that are acquired are initially recorded at fair value on the date of acquisition. Provisions for uncollectible accounts are established based upon our collection experience and the assessment of the collectability of specific amounts. Accounts receivable are written off in the period in which the receivable is deemed uncollectible.

(5)

Accounts receivable securitization: Through its wholly-owned and consolidated subsidiary Ferrellgas Receivables, Ferrellgas, L.P. has agreements to securitize, on an ongoing basis, substantially all of its trade accounts receivable.

(6)

Inventories: Inventories are stated at the lower of cost or net realizable value using weighted average cost and actual cost methods.

(7)

Property, plant and equipment: Property, plant and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and routine repairs are expensed as incurred. Ferrellgas, L.P. capitalizes computer software, equipment replacement and betterment expenditures that upgrade, replace or completely rebuild major mechanical components and extend the original useful life of the equipment. Depreciation is calculated using the straight-line method based on the estimated useful lives of the assets ranging from two to 30 years. Ferrellgas, L.P., using its best estimates based on reasonable and supportable assumptions and projections, tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of its assets or asset groups might not be recoverable. The recoverability tests for property, plant and equipment are performed at the asset group level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The recoverability test is performed by determining the carrying value of the asset group and comparing it to the estimated expected undiscounted future cash flows of the asset group. The expected future cash flows are estimated based on Ferrellgas, L.P. management’s plans. If the carrying value exceeds the expected undiscounted future cash flows, an impairment loss is recognized for the difference between the estimated fair market value and the carrying value of the asset group.

(8)

Goodwill: Ferrellgas, L.P. records goodwill as the excess of the cost of acquisitions over the fair value of the related net assets at the date of acquisition. Ferrellgas, L.P. tests goodwill for impairment annually during the second quarter or more frequently if events or changes in circumstances indicate that it is more likely than not the fair value of a reporting unit is less than the carrying value. Ferrellgas, L.P. has determined that it has two reporting units for goodwill impairment testing purposes. As of July 31, 2020, one of these reporting units contains goodwill that is subject to at least an annual assessment for impairment by applying a fair-value-based test. Under this test, the carrying value of each reporting unit is determined by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units as of the date of the evaluation on a specific identification basis. To the extent a reporting unit’s carrying value exceeds its fair value, the reporting unit’s goodwill is impaired. The amount of impairment would be equal to the lesser of the excess of reporting unit carrying value over its fair value and the reporting unit’s recorded amount of goodwill. Ferrellgas, L.P. completed its most recent annual goodwill impairment test on January 31, 2020 and did not incur an impairment loss.

(9)

Intangible assets: Intangible assets with finite useful lives, consisting primarily of customer related assets and non-compete agreements, permits, favorable lease arrangements and patented technology are stated at cost, net of accumulated amortization calculated using the straight-line method over periods ranging from two to 15 years. When necessary, intangible assets’ useful lives are revised and the impact on amortization reflected on a prospective basis. Trade names and trademarks have indefinite lives, are not amortized, and are stated at cost. Ferrellgas, L.P. tests finite-lived intangible assets for impairment when events or changes in circumstances indicate that the carrying amount of these assets or asset groups might not be recoverable. Ferrellgas, L.P. tests indefinite-lived intangible assets for impairment annually on January 31 or more frequently if circumstances dictate. The recoverability tests for definite-lived intangible assets are performed at the asset group level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The recoverability test is performed by determining the carrying value of the asset group and comparing it to the estimated expected undiscounted future cash flows of the asset group. The expected future cash flows are estimated based on Ferrellgas, L.P. management’s plans. If the carrying value exceeds the expected undiscounted future cash flows, an impairment loss is recognized for the difference between the estimated fair market value and the carrying value of the asset group.

(10)

Derivative instruments and hedging activities:

Commodity and Transportation Fuel Price Risk.

Ferrellgas, L.P.’s overall objective for entering into commodity based derivative contracts, including commodity options and swaps, is to hedge a portion of its exposure to market fluctuations in propane, gasoline and diesel prices.

Ferrellgas, L.P.’s risk management activities primarily attempt to mitigate price risks related to the purchase, storage, transport and sale of propane generally in the contract and spot markets from major domestic energy companies on a short-term basis. Ferrellgas, L.P attempts to mitigate these price risks through the use of financial derivative instruments and forward propane purchase and sales contracts. Additionally, from time to time Ferrellgas, L.P.’s risk management activities attempt to mitigate price risks related to the purchase of gasoline and diesel fuel for use in the transport of propane from retail fueling stations through the use of financial derivative instruments.

Ferrellgas, L.P.’s risk management strategy involves taking positions in the forward or financial markets that are equal and opposite to Ferrellgas, L.P.’s positions in the physical products market in order to minimize the risk of financial loss from an adverse price change. This risk management strategy is successful when Ferrellgas, L.P.’s gains or losses in the physical product markets are offset by its losses or gains in the forward or financial markets. These propane related financial derivatives are designated as cash flow hedges. The gasoline and diesel related financial derivatives have not historically been formally designated and documented as a hedge of exposure to fluctuations in the market price of fuel.

Ferrellgas, L.P.’s risk management activities may include the use of financial derivative instruments including, but not limited to, futures, swaps, and options to seek protection from adverse price movements and to minimize potential losses. Ferrellgas, L.P. enters into these financial derivative instruments primarily with brokers who are clearing members with the Intercontinental Exchange or the Chicago Mercantile Exchange and, to a lesser extent, directly with third parties in the over-the-counter market. All of Ferrellgas, L.P.’s financial derivative instruments are reported on the consolidated balance sheets at fair value.

Ferrellgas, L.P. also enters into forward propane purchase and sales contracts with counterparties. These forward contracts qualify for the normal purchase normal sales exception within GAAP guidance and are therefore not recorded on Ferrellgas, L.P.’s financial statements until settled.

On the date that derivative contracts are entered into, other than those designated as normal purchases or normal sales, Ferrellgas, L.P. makes a determination as to whether the derivative instrument qualifies for designation as a hedge. These financial instruments are formally designated as a hedge of a specific underlying exposure and that designation, as well as the risk management objectives and strategies for undertaking the hedge transaction are documented. Because of the high degree of correlation between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instrument are generally offset by changes in the anticipated cash flows of the underlying exposure being hedged. Since the fair value of these derivatives fluctuates over their contractual lives, their fair value amounts should not be viewed in isolation, but rather in relation to the anticipated cash flows of the underlying hedged transaction and the overall reduction in Ferrellgas, L.P.’s risk relating to adverse fluctuations in propane prices. Ferrellgas, L.P. formally assesses, both at inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the anticipated cash flows of the related underlying exposures. Any ineffective portion of a financial instrument’s change in fair value is recognized in “Cost of product sold - propane and other gas liquids sales” in the consolidated statements of operations. Financial instruments formally designated and documented as a hedge of a specific underlying exposure are recorded gross at fair value as either “Prepaid expenses and other current assets”, “Other assets, net”, “Other current liabilities” or “Other liabilities” on the consolidated balance sheets with changes in fair value reported in other comprehensive income.

Interest Rate Risk.

Fluctuations in interest rates subject Ferrellgas, L.P. to interest rate risk. Decreases in interest rates increase the fair value of Ferrellgas, L.P.’s fixed rate debt, while increases in interest rates subject Ferrellgas, L.P. to the risk of increased interest expense related to its variable rate borrowings.

Ferrellgas, L.P. may enter into fair value hedges to help reduce its fixed interest rate risk. Interest rate swaps may be used to hedge the exposure to changes in the fair value of fixed rate debt due to changes in interest rates. Fixed rate debt that has been designated as being hedged is adjusted to offset the change in the fair value of interest rate derivatives that are fair value hedges, which are classified as “Prepaid expenses and other current assets”, “Other assets, net”, Other current liabilities” or as “Other liabilities” on the consolidated balance sheets. Changes in the fair value of fixed rate debt and any related fair value hedges are recognized as they occur in “Interest expense” on the consolidated statements of operations.

Ferrellgas, L.P. may enter into cash flow hedges to help reduce its variable interest rate risk. Interest rate swaps are used to hedge the risk associated with rising interest rates and their effect on forecasted interest payments related to variable rate borrowings. These interest rate swaps are designated as cash flow hedges. Thus, the effective portions of changes in the fair value of the hedges are recorded in “Prepaid expenses and other current assets”, “Other assets, net”, “Other current liabilities” or as “Other liabilities” with an offsetting entry to “Other comprehensive income” at interim periods and are subsequently recognized as interest expense in the consolidated statement of operations when the forecasted transaction impacts earnings. Changes in the fair value of any cash flow hedges that are considered ineffective are recognized as interest expense on the consolidated statements of operations as they occur.

(11)

Revenue recognition: Revenues from Ferrellgas, L.P.’s propane operations and related equipment sales segment are recognized at the time product is delivered with payments generally due 30 days after receipt. Amounts are considered past due after 30 days. Ferrellgas, L.P. determines accounts receivable allowances based on management’s assessment of the creditworthiness of the customers and other collection actions. Ferrellgas, L.P. offers “even pay” billing programs that can create customer deposits or advances. Revenue is recognized from these customer deposits or advances to customers at the time product is delivered. Other revenues, which include revenue from the sale of propane appliances and equipment is recognized at the time of delivery or installation. Ferrellgas, L.P. recognizes shipping and handling revenues and expenses for sales of propane, appliances and equipment at the time of delivery or installation. Shipping and handling revenues are included in the price of propane charged to customers, and are classified as revenue. Revenues from annually billed, non-refundable propane tank rentals are recognized in “Revenues: other” on a straight-line basis over one year.

Prior to the dispositions in 2018 which constituted Ferrellgas, L.P.’s Midstream operations segment, revenues included crude oil sales, pipeline tariffs, trucking fees, rail throughput fees, pipeline management services, leasing, throughput, storage and salt water disposal. These revenues were recognized upon completion of the related service or delivery of product.

(12)

Shipping and handling expenses: Shipping and handling expenses related to delivery personnel, vehicle repair and maintenance and general liability expenses are classified within “Operating expense – personnel, vehicle, plant and other” in the consolidated statements of operations. Depreciation expenses on delivery vehicles Ferrellgas, L.P. owns are classified within “Depreciation and amortization expense.” Delivery vehicles and distribution technology under operating leases by Ferrellgas, L.P. are classified within “Operating expense – equipment lease expense.” Delivery vehicles and distribution technology under finance leases by Ferrellgas, L.P. are classified within “Depreciation and amortization expense.”

See Note F – Supplemental financial statement information – for the financial statement presentation of shipping and handling expenses.

(13)

Cost of sales: “Cost of sales – propane and other gas liquids sales” includes all costs to acquire propane and other gas liquids, the costs of storing and transporting inventory prior to delivery to Ferrellgas, L.P.’s customers, the results from risk management activities to hedge related price risk and the costs of materials related to the refurbishment of Ferrellgas, L.P.’s portable propane tanks. “Cost of sales - midstream operations” includes all costs incurred to purchase and transport crude oil, including the costs of terminaling and transporting crude oil prior to delivery to customers and the costs of salt water disposal. “Cost of sales – other” primarily includes costs related to the sale of propane appliances and equipment.

(14)

Operating expense: “Operating expense – personnel, vehicle, plant and other” primarily includes the personnel, vehicle, delivery, handling, plant, office, selling, marketing, credit and collections and other expenses.

(15)

General and administrative expense: “General and administrative expense” primarily includes personnel and incentive expense related to executives and employees, as well as other overhead expenses related to centralized corporate functions.

(16)

Stock-based plans:

Ferrell Companies, Inc. Incentive Compensation Plans (“ICPs”)

The ICPs are not Ferrellgas, L.P. stock-compensation plans; however, in accordance with Ferrellgas, L.P.’s partnership agreements, all Ferrellgas, L.P. employee-related costs incurred by Ferrell Companies are allocated to Ferrellgas, L.P. As a result, Ferrellgas, L.P. incurs a non-cash compensation charge from Ferrell Companies. During the years ended July 31, 2020, 2019 and 2018, the portion of the total non-cash compensation charge relating to the ICPs was zero. During fiscal 2020 there were no plan-based awards granted under the ICP and all outstanding stock appreciation rights (“SARs”) are currently valued at zero.

(17)

Income taxes: Ferrellgas, L.P. is a limited partnership and owns three subsidiaries that are taxable corporations. As a result, except for the taxable corporations, Ferrellgas, L.P.’s earnings or losses for federal income tax purposes are included in the tax returns of the individual partners. Accordingly, the accompanying consolidated financial statements of Ferrellgas, L.P. reflect federal income taxes related to the above mentioned taxable corporations and certain states that allow for income taxation of partnerships. Net earnings for financial statement purposes may differ significantly from taxable income reportable to partners as a result of differences between the tax basis and financial reporting basis of assets and liabilities, the taxable income allocation requirements under Ferrellgas, L.P.’s partnership agreement and differences between Ferrellgas, L.P.’s financial reporting fiscal year end and limited partners tax year end.

Income tax expense (benefit) consisted of the following:


	For the year ended July 31,
	2020		2019		2018
Current expense	$	248	$	150	$	1,119
Deferred expense (benefit)		554		143		(3,818)
Income tax expense (benefit)	$	802	$	293	$	(2,699)

Deferred taxes consisted of the following:


	July 31,
	2020		2019
Deferred tax assets (included in Other assets, net)	$	4	$	631
Deferred tax liabilities (included in Other liabilities)		(3)		(76)
Net deferred tax asset	$	1	$	555

(18)

Sales taxes: Ferrellgas, L.P. accounts for the collection and remittance of sales tax on a net tax basis. As a result, these amounts are not reflected in the consolidated statements of operations.

(19)

Loss contingencies: In the normal course of business, Ferrellgas, L.P. is involved in various claims and legal proceedings. Ferrellgas, L.P. records a liability for such matters when it is probable that a loss has been incurred and the amounts can be reasonably estimated. When only a range of possible loss can be established, the most probable amount in the range is accrued. If no amount within this range is a better estimate than any other amount within the range, the minimum amount in the range is accrued. Legal costs associated with loss contingencies are expensed as incurred.

(20)

New accounting standards:

FASB Accounting Standard Update No. 2016‑02

FASB Accounting Standard Update No. 2016‑13

In June 2016, the FASB issued ASU 2016 13, Financial Instruments - Credit Losses (Topic 326), which requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. This standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. Ferrellgas adopted the amended guidance effective August 1, 2020. Ferrellgas does not expect this adoption to have a material impact on the consolidated financial statements.

FASB Accounting Standard Update No. 2017-12

In August 2017, the FASB issued ASU 2017 12, Financial Instruments - Derivatives and Hedging (Topic 815) - Targeted Improvements to Accounting for Hedging Activities, which is intended to improve the financial reporting for hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. This standard became effective for Ferrellgas for its fiscal year beginning August 1, 2019, including interim periods within that reporting period. Ferrellgas applied ASU No. 2017-12 using a modified retrospective approach for cash flow hedges existing at the date of adoption and prospectively for the presentation and disclosure guidance. The adoption of this standard did not have a material impact on our consolidated financial statements.

Leases

12 Months Ended

Jul. 31, 2020

Leases

C. Leases

Ferrellgas determines if an arrangement is a lease or contains a lease at inception. Ferrellgas leases certain transportation and computer equipment and real estate, predominantly through operating leases. Ferrellgas has an immaterial amount of leases in which it is the lessor. Operating lease rentals are expensed on a straight-line basis over the life of the lease beginning on the lease commencement date. Ferrellgas determines the lease term by assuming the exercise of renewal options that are reasonably certain. The lease term is used to determine whether a lease is finance or operating and is used to calculate rent expense. Additionally, the depreciable life of leased assets and leasehold improvements is limited by the expected lease term. Operating lease balances are classified as operating lease ROU assets, and current and long-term operating lease liabilities on Ferrellgas’ consolidated balance sheet. Ferrellgas classifies finance leases in “Other assets, net”, “Other current liabilities”, and “Other liabilities” on the consolidated balance sheet.

ROU assets represent Ferrellgas’ right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of Ferrellgas’ leases do not provide an implicit discount rate, Ferrellgas uses its incremental borrowing rate adjusted for the lease term to represent the rate it would have to pay to borrow on a collateralized basis based on the information available at the commencement date in determining the present value of lease payments. Ferrellgas’ lease terms may include options to extend or terminate the lease and it will adjust the life of the lease when it is reasonably certain that it will exercise these options.

Ferrellgas has lease agreements with lease and non-lease components, which are generally accounted for as a single lease component. Ferrellgas has variable lease components, including lease payments with payment escalation based on the Consumer Price Index, and other variable items, such as common area maintenance and taxes.

Key assumptions include the discount rate, the impact of purchase options and renewal options on Ferrellgas’ lease term, as well as the assessment of residual value guarantees.

Ferrellgas’ transportation equipment leases generally have purchase options. However, in most circumstances Ferrellgas is not certain if it will exercise the purchase option at lease inception. As circumstances dictate, it may instead return the existing equipment to the lessor and sign a new lease. Ferrellgas’ transportation equipment leases often contain residual value guarantees, but they are not reflected in Ferrellgas’ lease liabilities as its lease rates are such that residual value guarantees are not expected to be owed at the end of its leases.

Ferrellgas’ real estate leases will often have an option to extend the lease, but it is typically not reasonably certain of exercising options to extend. As customer demand changes over time, Ferrellgas typically maintains the ability to move to more advantageous locations, relocate to other leased and owned locations, or discontinue service from particular locations.

The following table provides the operating and financing ROU assets and lease liabilities as of July 31, 2020:


Leases	Classification		July 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	107,349
Financing lease assets	Other assets, net		41,426
Total leased assets		$	148,775

Liabilities
Current
Operating	Current operating lease liabilities	$	29,345
Financing	Other current liabilities		6,955
Noncurrent
Operating	Operating lease liabilities		89,022
Financing	Other liabilities		33,473
Total leased liabilities		$	158,795

The following table provides the lease expenses for the twelve months ended July 31, 2020:


Leases expense	Classification	For the year ended July 31, 2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	7,450
	Operating expense - equipment lease expense		30,994
	Cost of sales - propane and other gas liquids sales		1,553
	General and administrative expense		1,490
Total operating lease expense		$	41,487

Short-term expense	Operating expense - personnel, vehicle, plant and other	$	7,188
	General and administrative expense		502
Total short-term expense		$	7,690

Variable lease expense	Operating expense - personnel, vehicle, plant and other	$	2,883
	Operating expense - equipment lease expense		1,642
Total variable lease expense		$	4,525

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense	$	2,613
Interest on lease liabilities	Interest expense		1,060
Total finance lease expense		$	3,673

Total lease expense (a)		$	57,375

(a)

As of July 31, 2020 Ferrellgas has also recognized $0.5 million of expense related to the accretion of lease exit costs associated with a crude oil storage agreement that is no longer being utilized, primarily due to the various Midstream dispositions described in Note D – Acquisitions, dispositions and other significant transactions, and for which Ferrellgas does not anticipate any future economic benefit.

Minimum annual payments under existing operating and finance lease liabilities as of July 31, 2020 are as follows:


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	34,686	$	10,205	$	44,891
2022		27,006		9,580		36,586
2023		35,712		7,646		43,358
2024		17,999		7,076		25,075
2025		12,701		7,085		19,786
Thereafter		21,396		10,453		31,849
Total lease payments	$	149,500	$	52,045	$	201,545
Less: Imputed interest		31,133		11,617		42,750
Present value of lease liabilities	$	118,367	$	40,428	$	158,795

The following table represents the weighted-average remaining lease term and discount rate as of July 31, 2020:


	As of July 31, 2020
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	5.2	8.2%
Finance leases	5.9	8.7%

Cash flow information is presented below:


	For the year ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	41,636

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	1,060
Financing cash flows	$	2,116

Prior to the adoption of ASC 842 – Leases, the following was disclosed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2019. Ferrellgas’ contractual operating lease commitments and buyout obligations were as follows:


	Future minimum rental and buyout amounts by fiscal year
	2020		2021		2022		2023		2024		Thereafter
Operating lease obligations	$	44,392	$	36,134	$	26,312	$	20,432	$	17,196	$	17,414
Operating lease buyouts	$	3,073	$	4,371	$	6,421	$	3,527	$	1,238	$	14,433

Rental expense under these leases totaled $53.8 million and $50.7 million for fiscal 2019 and 2018, respectively.

Prior to the adoption of ASC 842 – Leases, the following was disclosed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2019. This cease use liability was reported under ASC 420 – Exit or disposal cost obligations previously and is now reported under ASC 842 – Leases. The prior year table is included below for comparative purposes:


	Contract exit
	costs
July 31, 2018	$	11,804
Accretion		448
Cash payments and other		(802)
July 31, 2019	$	11,450

Leases

C. Leases

Ferrellgas, L.P. determines if an arrangement is a lease or contains a lease at inception. Ferrellgas, L.P. leases certain transportation and computer equipment and real estate, predominantly through operating leases. Ferrellgas, L.P. has an immaterial amount of leases in which it is the lessor. Operating lease rentals are expensed on a straight-line basis over the life of the lease beginning on the lease commencement date. Ferrellgas, L.P. determines the lease term by assuming the exercise of renewal options that are reasonably certain. The lease term is used to determine whether a lease is finance or operating and is used to calculate rent expense. Additionally, the depreciable life of leased assets and leasehold improvements is limited by the expected lease term. Operating lease balances are classified as operating lease ROU assets, and current and long-term operating lease liabilities on Ferrellgas, L.P.’s consolidated balance sheet. Ferrellgas, L.P. classifies finance leases in “Other assets, net”, “Other current liabilities”, and “Other liabilities” on its consolidated balance sheet.

ROU assets represent Ferrellgas, L.P.’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of Ferrellgas, L.P.’s leases do not provide an implicit discount rate, Ferrellgas, L.P. uses its incremental borrowing rate adjusted for the lease term to represent the rate it would have to pay to borrow on a collateralized basis based on the information available at the commencement date in determining the present value of lease payments. Ferrellgas, L.P.’s lease terms may include options to extend or terminate the lease and it will adjust the life of the lease when it is reasonably certain that it will exercise these options.

Ferrellgas, L.P. has lease agreements with lease and non-lease components, which are generally accounted for as a single lease component. Ferrellgas, L.P. has variable lease components, including lease payments with payment escalation based on the Consumer Price Index, and other variable items, such as common area maintenance and taxes.

Key assumptions include the discount rate, the impact of purchase options and renewal options on Ferrellgas, L.P.’s lease term, as well as the assessment of residual value guarantees.

Ferrellgas, L.P.’s transportation equipment leases generally have purchase options. However, in most circumstances Ferrellgas, L.P. is not certain if it will exercise the purchase option at lease inception. As circumstances dictate, it may instead return the existing equipment to the lessor and sign a new lease. Ferrellgas, L.P.’s transportation equipment leases often contain residual value guarantees, but they are not reflected in Ferrellgas, L.P.’s lease liabilities as its lease rates are such that residual value guarantees are not expected to be owed at the end of its leases.

Ferrellgas, L.P.’s real estate leases will often have an option to extend the lease, but it is typically not reasonably certain of exercising options to extend. As customer demand changes over time, Ferrellgas, L.P. typically maintains the ability to move to more advantageous locations, relocate to other leased and owned locations, or discontinue service from particular locations.

The following table provides the operating and financing ROU assets and lease liabilities as of July 31, 2020:


Leases	Classification		July 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	107,349
Financing lease assets	Other assets, net		41,426
Total leased assets		$	148,775

Liabilities
Current
Operating	Current operating lease liabilities	$	29,345
Financing	Other current liabilities		6,955
Noncurrent
Operating	Operating lease liabilities		89,022
Financing	Other liabilities		33,473
Total leased liabilities		$	158,795

The following table provides the lease expenses for the twelve months ended July 31, 2020:



Leases expense	Classification	For the year ended July 31, 2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	7,450
	Operating expense - equipment lease expense		30,994
	Cost of sales - propane and other gas liquids sales		1,553
	General and administrative expense		1,490
Total operating lease expense		$	41,487

Short-term expense	Operating expense - personnel, vehicle, plant and other	$	7,188
	General and administrative expense		502
Total short-term expense		$	7,690

Variable lease expense	Operating expense - personnel, vehicle, plant and other	$	2,883
	Operating expense - equipment lease expense		1,642
Total variable lease expense		$	4,525

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense	$	2,613
Interest on lease liabilities	Interest expense		1,060
Total finance lease expense		$	3,673

Total lease expense (a)		$	57,375

(a)

As of July 31, 2020 Ferrellgas, L.P. has also recognized $0.5 million of expense related to the accretion of lease exit costs associated with a crude oil storage agreement that is no longer being utilized, primarily due to the various Midstream dispositions described in Note D – Acquisitions, dispositions and other significant transactions, and for which Ferrellgas, L.P. does not anticipate any future economic benefit.

Minimum annual payments under existing operating and finance lease liabilities as of July 31, 2020 are as follows:


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	34,686	$	10,205	$	44,891
2022		27,006		9,580		36,586
2023		35,712		7,646		43,358
2024		17,999		7,076		25,075
2025		12,701		7,085		19,786
Thereafter		21,396		10,453		31,849
Total lease payments	$	149,500	$	52,045	$	201,545
Less: Imputed interest		31,133		11,617		42,750
Present value of lease liabilities	$	118,367	$	40,428	$	158,795

The following table represents the weighted-average remaining lease term and discount rate as of July 31, 2020:


	As of July 31, 2020
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	5.2	8.2%
Finance leases	5.9	8.7%

Cash flow information is presented below:


	For the year ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	41,636

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	1,060
Financing cash flows	$	2,116

Prior to the adoption of ASC 842 – Leases, the following was disclosed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2019. Ferrellgas, L.P.’s contractual operating lease commitments and buyout obligations were as follows:


	Future minimum rental and buyout amounts by fiscal year
	2020		2021		2022		2023		2024		Thereafter
Operating lease obligations	$	44,392	$	36,134	$	26,312	$	20,432	$	17,196	$	17,414
Operating lease buyouts	$	3,073	$	4,371	$	6,421	$	3,527	$	1,238	$	14,433

Rental expense under these leases totaled $53.8 million and $50.7 million for fiscal 2019 and 2018, respectively.


	Contract exit
	costs
July 31, 2018	$	11,804
Accretion		448
Cash payments and other		(802)
July 31, 2019	$	11,450

Acquisitions, dispositions and other significant transactions

12 Months Ended

Jul. 31, 2020

Business Combinations

D. Acquisitions, dispositions and other significant transactions

Acquisitions

Business combinations are accounted for under the acquisition method of accounting and the assets acquired and liabilities assumed are recorded at their estimated fair market values as of the acquisition dates. The results of operations are included in the consolidated statements of operations from the date of acquisition. The pro forma effect of these transactions was not material to Ferrellgas’ balance sheets or results of operations.

Propane operations and related equipment sales

During fiscal 2020, Ferrellgas acquired propane distribution assets, primarily of independent distributors, with an aggregate value of $11.2 million in the following transactions:

Golden State Propane, Inc., based in California, acquired in August 2019;

C.F. Van Duzer Gas Services, Inc., based in New York, acquired in October 2019;

Lee Propane of Pennington Gap, Inc., based in Virginia, acquired in June 2020;

During fiscal 2019, Ferrellgas acquired propane distribution assets, primarily of independent distributors, with an aggregate value of $15.2 million in the following transactions:

Salathe Gas Co., based in Louisiana, acquired September 2018;

North Star Exchange, Inc., based in Indiana, acquired October 2018;

Wylie LP Gas Inc., based in Texas, acquired October 2018;

Co-op Butane Inc., based in Louisiana, acquired in December 2018;

American Propane, based in Oklahoma, acquired January 2019;

Reliable Propane Inc., based in Missouri, acquired in February 2019;

AAA Propane, Inc., based in Colorado, acquired in June 2019.

During fiscal 2018, Ferrellgas acquired propane distribution assets with an aggregate value of $20.6 million in the following transactions:

Lindsey Propane LLC, based in Tennessee, acquired August 2017;

Sevier County Propane, based in Tennessee, acquired August 2017;

Service Plus Propane, Inc., based in Virginia, acquired September 2017;

Tapper Propane, Inc., based in Michigan, acquired November 2017; and

Diamond Propane LLC, based in New York, acquired June 2018.

These acquisitions were funded as follows on their dates of acquisition:


	For the year ended July 31,
	2020		2019		2018
Cash payments, net of cash acquired	$	10,195	$	13,551	$	18,141
Issuance of liabilities and other costs and considerations		975		1,650		2,426
Aggregate fair value of transactions	$	11,170	$	15,201	$	20,567

The aggregate fair values, for the acquisitions in propane operations and related equipment sales reporting segment, were allocated as follows, including any adjustments identified during the measurement period:


	For the year ended July 31,
	2020		2019		2018
Working capital	$	—	$	31	$	758
Customer tanks, buildings, land and other		6,598		11,560		10,022
Goodwill		—		1,410		—
Customer lists		738		1,272		7,758
Non-compete agreements		3,834		928		2,029
Aggregate fair value of net assets acquired	$	11,170	$	15,201	$	20,567

The estimated fair values and useful lives of assets acquired during fiscal 2020 are based on a preliminary valuation and are subject to final valuation adjustments. Ferrellgas intends to continue its analysis of the net assets of these transactions to determine the final allocation of the total purchase price to the various assets and liabilities acquired. The estimated fair values and useful lives of assets acquired during fiscal 2019 and 2018 are based on internal valuations and included only minor adjustments during the 12 month period after the date of acquisition. Due to the immateriality of these adjustments, Ferrellgas did not retrospectively adjust the consolidated statements of operations for those measurement period adjustments.

Dispositions

Propane operations and related equipment sales

During July 2018, Ferrellgas completed the sale of a group of assets encompassing an immaterial reporting unit within our Propane operations segment for approximately $26.6 million in cash. For the year ended July 31, 2018, “Loss on asset sales and disposals” includes a loss of $15.2 million related to this sale. The assets sold consist primarily of working capital and equipment.

Midstream operations

During July 2018, Ferrellgas completed the sale of a subsidiary and a group of assets within the Midstream operations segment for approximately $57.0 million in cash. The subsidiary sold was Bridger Environmental LLC, which encompasses all saltwater disposal activities previously operated by Ferrellgas. The group of assets sold includes all assets, excluding working capital, associated with the crude oil trucking operations previously operated by Ferrellgas. Additionally, the sale included two crude oil injection terminals. In separate transactions, the remaining assets of the Bridger Terminal business were sold to various parties. The largest of these assets, the Swan Ranch Terminal, was sold for $8.0 million in cash. For the year ended July 31, 2018, “Loss on asset sales and disposals” includes a loss of $120.2 million related to these sales.

Additionally, during fiscal 2018, Ferrellgas sold all 1,292 rail cars utilized in the Midstream operations segment for approximately $51.3 million in cash. For the year ended July 31, 2018, “Loss on asset sales and disposals” includes a loss of $36.8 million related to the sale of these rail cars. Proceeds from the transaction were used to reduce outstanding debt on Ferrellgas’ previous senior secured credit facility. During fiscal 2018, Ferrellgas completed the sale of Bridger Energy, LLC, included in the Midstream operations segment, in exchange for an $8.5 million secured promissory note due in May 2020 which was fully paid on February 20, 2019. For the year ended July 31, 2018, “Loss on asset sales and disposals” includes a loss of $4.0 million related to this sale.

The combined results from operations of these various Midstream dispositions in our Consolidated Statements of Operations includes losses before income taxes for the year ended July 31, 2018 of $55.4 million. The combined losses before income taxes attributable to Ferrellgas Partners, L.P. for the year ended July 31, 2018 was $54.8 million.

“Loss on asset sales and disposals” consists of:


	For the year ended July 31,
	2020		2019		2018
Loss on sale of:
Propane-related accessories reporting unit	$	—	$	—	$	15,194
Midstream trucking, water disposal & terminal assets		—		2,679		120,240
Midstream railcars		—		—		36,762
Bridger Energy		—		—		4,002
Other		7,924		8,289		11,201
Loss on asset sales and disposals	$	7,924	$	10,968	$	187,399

Supplemental Financial Statement Information [Line Items]

Business Combinations

D. Acquisitions, dispositions and other significant transactions

Acquisitions

Propane operations and related equipment sales

During fiscal 2020, Ferrellgas acquired propane distribution assets, primarily of independent distributors, with an aggregate value of $11.2 million in the following transactions:

Golden State Propane, Inc., based in California, acquired in August 2019;

C.F. Van Duzer Gas Services, Inc., based in New York, acquired in October 2019;

Lee Propane of Pennington Gap, Inc., based in Virginia, acquired in June 2020;

During fiscal 2019, Ferrellgas acquired propane distribution assets, primarily of independent distributors, with an aggregate value of $15.2 million in the following transactions:

Salathe Gas Co., based in Louisiana, acquired September 2018;

North Star Exchange, Inc., based in Indiana, acquired October 2018;

Wylie LP Gas Inc., based in Texas, acquired October 2018;

Co-op Butane Inc., based in Louisiana, acquired in December 2018;

American Propane, based in Oklahoma, acquired January 2019;

Reliable Propane Inc., based in Missouri, acquired in February 2019;

AAA Propane, Inc., based in Colorado, acquired in June 2019.

During fiscal 2018, Ferrellgas, L.P. acquired propane distribution assets with an aggregate value of $20.6 million in the following transactions:

Lindsey Propane LLC, based in Tennessee, acquired August 2017;

Sevier County Propane, based in Tennessee, acquired August 2017;

Service Plus Propane, Inc., based in Virginia, acquired September 2017;

Tapper Propane, Inc., based in Michigan, acquired November 2017; and

Diamond Propane LLC, based in New York, acquired June 2018.

These acquisitions were funded as follows on their dates of acquisition:


	For the year ended July 31,
	2020		2019		2018
Cash payments, net of cash acquired	$	10,195	$	13,551	$	18,141
Issuance of liabilities and other costs and considerations		975		1,650		2,426
Aggregate fair value of transactions	$	11,170	$	15,201	$	20,567


	For the year ended July 31,
	2020		2019		2018
Working capital	$	—	$	31	$	758
Customer tanks, buildings, land and other		6,598		11,560		10,022
Goodwill		—		1,410		—
Customer lists		738		1,272		7,758
Non-compete agreements		3,834		928		2,029
Aggregate fair value of net assets acquired	$	11,170	$	15,201	$	20,567

The estimated fair values and useful lives of assets acquired during fiscal 2020 are based on a preliminary valuation and are subject to final valuation adjustments. Ferrellgas, L.P. intends to continue its analysis of the net assets of these transactions to determine the final allocation of the total purchase price to the various assets and liabilities acquired. The estimated fair values and useful lives of assets acquired during fiscal 2019 and 2018 are based on internal valuations and included only minor adjustments during the 12 month period after the date of acquisition. Due to the immateriality of these adjustments, Ferrellgas, L.P. did not retrospectively adjust the consolidated statements of operations for those measurement period adjustments.

Dispositions

Propane operations and related equipment sales

During July 2018, Ferrellgas, L.P. completed the sale of a group of assets encompassing an immaterial reporting unit within our Propane operations segment for approximately $26.6 million in cash. For the year ended July 31, 2018, “Loss on asset sales and disposals” includes a loss of $15.2 million related to this sale. The assets sold consist primarily of working capital and equipment.

Midstream operations

During July 2018, Ferrellgas, L.P. completed the sale of a subsidiary and a group of assets within the Midstream operations segment for approximately $57.0 million in cash. The subsidiary sold was Bridger Environmental LLC, which encompasses all saltwater disposal activities previously operated by Ferrellgas Partners. The group of assets sold includes all assets, excluding working capital, associated with the crude oil trucking operations previously operated by Ferrellgas Partners. Additionally, the sale included two crude oil injection terminals. In separate transactions, the remaining assets of the Bridger Terminal business were sold to various parties. The largest of these assets, the Swan Ranch Terminal, was sold for $8.0 million in cash. For the year ended July 31, 2018, “Loss on asset sales and disposals” includes a loss of $120.2 million related to these sales.

Additionally, during fiscal 2018, Ferrellgas, L.P. sold all 1,292 rail cars utilized in the Midstream operations segment for approximately $51.3 million in cash. For the year ended July 31, 2018, “Loss on asset sales and disposals” includes a loss of $36.8 million related to the sale of these rail cars. Proceeds from the transaction were used to reduce outstanding debt on Ferrellgas, L.P.’s previous senior secured credit facility. During fiscal 2018, Ferrellgas, L.P. completed the sale of Bridger Energy, LLC, included in the Midstream operations segment, in exchange for an $8.5 million secured promissory note due in May 2020 which was fully paid on February 20, 2019. For the year ended July 31, 2018, “Loss on asset sales and disposals” includes a loss of $4.0 million related to this sale.

The combined results from operations of these various Midstream dispositions in our Consolidated Statements of Operations includes losses before income taxes for the year ended July 31, 2018 of $55.4 million. The combined losses before income taxes attributable to Ferrellgas for the year ended July 31, 2018 was $54.8 million.

“Loss on asset sales and disposals” consists of:


	For the year ended July 31,
	2020		2019		2018
Loss on sale of:
Propane-related accessories reporting unit	$	—	$	—	$	15,194
Midstream trucking, water disposal & terminal assets		—		2,679		120,240
Midstream railcars		—		—		36,762
Bridger Energy		—		—		4,002
Other		7,924		8,289		11,201
Loss on asset sales and disposals	$	7,924	$	10,968	$	187,399

Quarterly Distributions Of Available Cash	12 Months Ended
Quarterly Distributions Of Available Cash	Jul. 31, 2020
Earnings Distribution Allocation [Line Items]
Quarterly Distributions Of Available Cash	E. Quarterly distribution of available cash To the extent it is not precluded from doing so by a debt covenant or other restriction, Ferrellgas Partners makes quarterly cash distributions of all of its “available cash.” Available cash is defined in the partnership agreement of Ferrellgas Partners as, generally, the sum of its consolidated cash receipts less consolidated cash disbursements and net changes in reserves established by the general partner for future requirements. Reserves are retained in order to provide for the proper conduct of Ferrellgas Partners’ business, or to provide funds for distributions with respect to any one or more of the next four fiscal quarters. Distributions are made within 45 days after the end of each fiscal quarter ending October, January, April and July to holders of record on the applicable record date. Currently, Ferrellgas Partners is not permitted, pursuant to the restricted payments covenant under its indenture, to make restricted payments, including distributions to common unitholders. See Note I – Debt for further discussion. Any distributions by Ferrellgas Partners in an amount equal to 100% of its available cash, as defined in its partnership agreement, will be made to the common unitholders and the general partner. Additionally, the payment of incentive distributions to the holders of incentive distribution rights will be made to the extent that certain target levels of cash distributions are achieved.
Ferrellgas, L.P. [Member]
Earnings Distribution Allocation [Line Items]
Quarterly Distributions Of Available Cash	E. Quarterly distribution of available cash To the extent it is not precluded from doing so by a debt covenant or other restriction, Ferrellgas, L.P. makes quarterly cash distributions of all of its “available cash.” Available cash is defined in the partnership agreement of Ferrellgas, L.P. as, generally, the sum of its consolidated cash receipts less consolidated cash disbursements and net changes in reserves established by the general partner for future requirements. Reserves are retained in order to provide for the proper conduct of Ferrellgas, L.P.’s business, or to provide funds for distributions with respect to any one or more of the next four fiscal quarters. Distributions are made within 45 days after the end of each fiscal quarter ending October, January, April and July. Any distributions by Ferrellgas, L.P. in an amount equal to 100% of its available cash, as defined in its partnership agreement, will be made approximately 99% to Ferrellgas Partners and approximately 1% to the general partner. See Note I – Debt for additional disclosures related to Ferrellgas, L.P.’s inability to make quarterly cash distributions.

Supplemental Financial Statement Information

12 Months Ended

Jul. 31, 2020

Supplemental Financial Statement Information

F. Supplemental financial statement information

Inventories consist of the following:


	July 31, 2020		July 31, 2019
Propane gas and related products	$	58,733	$	66,001
Appliances, parts and supplies, and other		13,931		14,453
Inventories	$	72,664	$	80,454

In addition to inventories on hand, Ferrellgas enters into contracts to take delivery of propane for supply procurement purposes with terms that generally do not exceed 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of July 31, 2020, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 1.0 million gallons of propane at fixed prices.

Property, plant and equipment, net consist of the following:


	Estimated useful lives	July 31, 2020		July 31, 2019
Land	Indefinite	$	39,585	$	35,165
Land improvements	2-20		14,998		14,149
Buildings and improvements	20		88,349		86,444
Vehicles, including transport trailers	8-20		105,184		111,283
Bulk equipment and district facilities	5-30		111,019		109,751
Tanks, cylinders and customer equipment	2-30		784,466		779,827
Computer and office equipment	2-5		112,582		111,838
Construction in progress	n/a		6,889		7,061
			1,263,072		1,255,518
Less: accumulated depreciation			672,030		658,795
Property, plant and equipment, net		$	591,042	$	596,723

Depreciation expense totaled $64.5 million, $60.7 million and $67.1 million for fiscal 2020, 2019 and 2018, respectively.

Prepaid expenses and other current assets consist of the following:


	July 31, 2020		July 31, 2019
Broker margin deposit assets	$	14,398	$	25,028
Other		21,546		17,247
Prepaid expenses and other current assets	$	35,944	$	42,275

Other assets, net consist of the following:


	July 31, 2020		July 31, 2019
Notes receivable, less current portion and allowance	$	5,330	$	16,216
Finance lease right-of-use assets		41,426		—
Other		27,992		52,889
Other assets, net	$	74,748	$	69,105

Other current liabilities consist of the following:


	July 31, 2020		July 31, 2019
Accrued interest	$	53,841	$	20,484
Customer deposits and advances		32,257		24,686
Accrued payroll		18,375		17,356
Accrued insurance		14,796		18,524
Price risk management liabilities		5,029		14,198
Other		43,168		42,989
Other current liabilities	$	167,466	$	138,237

Shipping and handling expenses are classified in the following consolidated statements of operations line items:


	For the year ended July 31,
	2020		2019		2018
Operating expense - personnel, vehicle, plant and other	$	219,598	$	215,780	$	195,646
Depreciation and amortization expense		9,857		6,375		4,947
Operating expense - equipment lease expense		32,518		30,759		25,765
	$	261,973	$	252,914	$	226,358

Cash and cash equivalents consist of the following:


	July 31, 2020		July 31, 2019
Cash and cash equivalents	$	238,002	$	11,054
Restricted cash (1)		95,759		—
Cash, cash equivalents and restricted cash	$	333,761	$	11,054

(1)

The $95.8 million of restricted cash includes $78.2 million of pledged cash collateral for letters of credit outstanding, an $11.5 million cash deposit made with the administrative agent under the terminated Senior Secured Credit Facility, which may be used by the administrative agent to pay contingent obligations arising under the Financing Agreement that governed the Senior Secured Credit Facility, and $6.1 million of additional pledged collateral. For additional discussion see Note I – Debt.

For purposes of the consolidated statements of cash flows, Ferrellgas considers cash equivalents to include all highly liquid debt instruments purchased with an original maturity of three months or less. Certain cash flow and significant non-cash activities are presented below:


	For the year ended July 31,
	2020		2019		2018
Cash paid (refunded) for:
Interest	$	147,402	$	166,897	$	159,271
Income taxes	$	289	$	141	$	(291)
Non-cash investing and financing activities:
Liability incurred in connection with Term Loan amendment	$	8,863	$	—		—
Liabilities incurred in connection with acquisitions	$	975	$	1,650	$	1,993
Change in accruals for property, plant and equipment additions	$	216	$	1,132	$	264
Lease liabilities arising from operating right-of-use assets	$	14,938	$	—	$	—
Lease liabilities arising from finance right-of-use assets	$	45,455	$	—	$	—

Supplemental Financial Statement Information [Line Items]

Supplemental Financial Statement Information

F. Supplemental financial statement information

Inventories consist of the following:


	July 31, 2020		July 31, 2019
Propane gas and related products	$	58,733	$	66,001
Appliances, parts and supplies, and other		13,931		14,453
Inventories	$	72,664	$	80,454

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts to take delivery of propane for supply procurement purposes with terms that generally do not exceed 36 months. Most of these contracts call for payment based on market prices at the date of delivery. As of July 31, 2020, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 1.0 million gallons of propane at fixed prices.

Property, plant and equipment, net consist of the following:


	Estimated useful lives	July 31, 2020		July 31, 2019
Land	Indefinite	$	39,585	$	35,165
Land improvements	2-20		14,998		14,149
Buildings and improvements	20		88,349		86,444
Vehicles, including transport trailers	8-20		105,184		111,283
Bulk equipment and district facilities	5-30		111,019		109,751
Tanks, cylinders and customer equipment	2-30		784,466		779,827
Computer and office equipment	2-5		112,582		111,838
Construction in progress	n/a		6,889		7,061
			1,263,072		1,255,518
Less: accumulated depreciation			672,030		658,795
Property, plant and equipment, net		$	591,042	$	596,723

Depreciation expense totaled $64.5 million, $60.7 million and $67.1 million for fiscal 2020, 2019 and 2018, respectively.

Prepaid expenses and other current assets consist of the following:


	July 31, 2020		July 31, 2019
Broker margin deposit assets	$	14,398	$	25,028
Other		21,499		17,129
Prepaid expenses and other current assets	$	35,897	$	42,157

Other assets, net consist of the following:


	July 31, 2020		July 31, 2019
Notes receivable, less current portion and allowance	$	5,330	$	16,216
Finance lease right-of-use assets		41,426		—
Other		27,992		52,889
Other assets, net	$	74,748	$	69,105

Other current liabilities consist of the following:


	July 31, 2020		July 31, 2019
Accrued interest	$	34,511	$	16,550
Customer deposits and advances		32,257		24,686
Accrued payroll		18,375		17,356
Accrued insurance		14,796		18,524
Price risk management liabilities		5,029		14,198
Other		43,168		42,989
Other current liabilities	$	148,136	$	134,303

Shipping and handling expenses are classified in the following consolidated statements of operations line items:


	For the year ended July 31,
	2020		2019		2018
Operating expense - personnel, vehicle, plant and other	$	219,598	$	215,780	$	195,646
Depreciation and amortization expense		9,857		6,375		4,947
Operating expense - equipment lease expense		32,518		30,759		25,765
	$	261,973	$	252,914	$	226,358

Cash and cash equivalents consist of the following:


	July 31, 2020		July 31, 2019
Cash and cash equivalents	$	237,996	$	11,046
Restricted cash (1)		95,759		—
Cash, cash equivalents and restricted cash	$	333,755	$	11,046

(1)

For purposes of the consolidated statements of cash flows, Ferrellgas, L.P. considers cash equivalents to include all highly liquid debt instruments purchased with an original maturity of three months or less. Certain cash flow and significant non-cash activities are presented below:


	For the year ended July 31,
	2020		2019		2018
Cash paid (refunded) for:
Interest	$	132,006	$	136,106	$	128,479
Income taxes	$	241	$	111	$	(311)
Non-cash investing and financing activities:
Liability incurred in connection with Term Loan amendment	$	8,863	$	—	$	—
Liabilities incurred in connection with acquisitions	$	975	$	1,650	$	1,993
Change in accruals for property, plant and equipment additions	$	216	$	1,132	$	264
Lease liabilities arising from operating right-of-use assets	$	14,938	$	—	$	—
Lease liabilities arising from finance right-of-use assets	$	45,455	$	—	$	—

Accounts And Notes Receivable, Net And Accounts Receivable Securitization

12 Months Ended

Jul. 31, 2020

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts and notes receivable, net and accounts receivable securitization

G. Accounts and notes receivable, net and accounts receivable securitization

Accounts and notes receivable, net consist of the following:


	July 31, 2020		July 31, 2019
Accounts receivable pledged as collateral	$	103,703	$	106,145
Accounts receivable not pledged as collateral (including other reserves)		(825)		1,218
Note receivable		12,648		2,660
Other		36		36
Less: Allowance for doubtful accounts		(14,124)		(2,463)
Accounts and notes receivable, net	$	101,438	$	107,596

At July 31, 2020, $103.7 million of trade accounts receivable were pledged as collateral, but Ferrellgas had no outstanding collateralized notes payable due to a commercial paper conduit. At July 31, 2019, $106.1 million of trade accounts receivable were pledged as collateral against $62.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from the operating partnership. The operating partnership does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

As of July 31, 2020, Ferrellgas had received no cash proceeds from trade accounts receivables securitized, with $11.0 million remaining capacity to receive additional proceeds or issue letters of credit. As of July 31, 2019, Ferrellgas had received cash proceeds of $62.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 5.5% as of July 31, 2019.

As discussed previously, on June 25, 2018, Ferrellgas and Mr. Ballengee entered into an Omnibus Agreement (the “Omnibus Agreement”) that, among other things, included an executed unsecured promissory note in favor of the operating partnership with an original principal amount of $18.3 million (the “Revised Jamex Promissory Note”). On July 1, 2020, Mr. Ballengee defaulted on the Revised Jamex Promissory Note by failing to make the first payment in the amount of $2.5 million. As a result, as of July 31, 2020, Ferrellgas recorded a bad debt reserve against $17.3 million of the Revised Jamex Promissory Note and is pursuing collections from Mr. Ballengee. As of July 31, 2020, $12.5 million was classified as current notes receivable, all of which is reserved.

The agreement governing the accounts receivable securitization facility (the “Purchase Agreement”) requires the operating partnership to maintain a fixed charge coverage ratio of not less than 1.00x and a senior secured leverage ratio of not greater than 3.00x. The operating partnership was in compliance with these financial ratio requirements as of July 31, 2020. However, if at any time the operating partnership is not in compliance with these financial ratio requirements, Ferrellgas will be unable to access the facility for working capital or other cash requirements and the facility may be terminated. On April 10, 2020, the operating partnership entered into a ninth amendment to the Purchase Agreement, which amended and restated the amortization event related to the senior secured leverage ratio of the operating partnership and the definition of “Consolidated Total Secured Debt” in the Purchase Agreement to, among other matters, provide that obligations with respect to cash collateralized letters of credit are excluded from Consolidated Total Secured Debt and, therefore, from the calculation of the senior secured leverage ratio, beginning with the fiscal quarter ended January 31, 2020. The ninth amendment also amended the Purchase Agreement to (i) increase the interest rate applicable margin by 0.5% to 2.5% (or 4.5% while an amortization event under the Purchase Agreement exists) and (ii) increase the interest rate floors for the alternate base rate and LIBOR from 0.0% to 1.0%. This facility matures in May 2021 and includes an option, at Ferrellgas’ request and consent, for the purchasers in their sole discretion to extend the facility for up to an additional three years.

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts and notes receivable, net and accounts receivable securitization

G. Accounts and notes receivable, net and accounts receivable securitization

Accounts and notes receivable, net consist of the following:


	July 31, 2020		July 31, 2019
Accounts receivable pledged as collateral	$	103,703	$	106,145
Accounts receivable not pledged as collateral (including other reserves)		(825)		1,218
Note receivable		12,648		2,660
Other		36		36
Less: Allowance for doubtful accounts		(14,124)		(2,463)
Accounts and notes receivable, net	$	101,438	$	107,596

At July 31, 2020, $103.7 million of trade accounts receivable were pledged as collateral, but Ferrellgas, L.P. had no outstanding collateralized notes payable due to a commercial paper conduit. At July 31, 2019, $106.1 million of trade accounts receivable were pledged as collateral against $62.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from Ferrellgas, L.P. Ferrellgas, L.P. does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

As of July 31, 2020, Ferrellgas, L.P. had received no cash proceeds from trade accounts receivables securitized, with $11.0 million remaining capacity to receive additional proceeds or issue letters of credit. As of July 31, 2019, Ferrellgas, L.P. had received cash proceeds of $62.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 5.5% as of July 31, 2019.

As discussed previously, on June 25, 2018, Ferrellgas, L.P. and Mr. Ballengee entered into an Omnibus Agreement (the “Omnibus Agreement”) that, among other things, included an executed unsecured promissory note in favor of the operating partnership with an original principal amount of $18.3 million (the “Revised Jamex Promissory Note”). On July 1, 2020, Mr. Ballengee defaulted on the Revised Jamex Promissory Note by failing to make the first payment in the amount of $2.5 million. As a result, as of July 31, 2020, Ferrellgas, L.P. recorded a bad debt reserve against $17.3 million of the Revised Jamex Promissory Note and is pursuing collections from Mr. Ballengee. As of July 31, 2020, $12.5 million was classified as current notes receivable, all of which is reserved.

Goodwill And Intangible Assets, Net

12 Months Ended

Jul. 31, 2020

Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]

H. Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of the following:


	July 31, 2020						July 31, 2019
	Gross Carrying		Accumulated				Gross Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	247,195	$	—	$	247,195	$	247,195	$	—	$	247,195

Intangible assets, net
Amortized intangible assets
Customer related	$	446,486	$	(397,843)	$	48,643	$	442,652	$	(390,052)	$	52,600
Non-compete agreements		26,319		(21,934)		4,385		25,582		(20,645)		4,937
Other		3,513		(3,513)		—		3,513		(3,513)		—
		476,318		(423,290)		53,028		471,747		(414,210)		57,537

Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,020		—		51,020
Total intangible assets, net	$	527,339	$	(423,290)	$	104,049	$	522,767	$	(414,210)	$	108,557

Changes in the carrying amount of goodwill are as follows:


	Propane operations and
	related equipment sales
Balance July 31, 2018	$	246,098
Acquisitions		1,410
Other		(313)
Balance July 31, 2019		247,195
Acquisitions		—
Other		—
Balance July 31, 2020	$	247,195

Customer related intangible assets have estimated lives of 15 years and non-compete agreements and other intangible assets have estimated lives ranging from five to 10 years. Ferrellgas intends to utilize all acquired trademarks and trade names and does not believe there are any legal, regulatory, contractual, competitive, economical or other factors that would limit their useful lives. Therefore, trademarks and trade names have indefinite useful lives. Customer related intangibles carry a weighted average life of 15 years, and non-compete agreements and other intangibles carry a weighted average life of ten years.

Aggregate amortization expense related to intangible assets, net:


For the year ended July 31,
2020	$	9,079
2019		14,581
2018		31,345

Estimated amortization expense:


For the year ended July 31,
2021	$	8,711
2022		7,322
2023		6,995
2024		6,720
2025		4,719

Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]

H. Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of the following:


	July 31, 2020						July 31, 2019
	Gross						Gross
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	247,195	$	—	$	247,195	$	247,195	$	—	$	247,195

Intangible assets, net
Amortized intangible assets
Customer related	$	446,486	$	(397,843)	$	48,643	$	442,652	$	(390,052)	$	52,600
Non-compete agreements		26,319		(21,934)		4,385		25,582		(20,645)		4,937
Other		3,513		(3,513)		—		3,513		(3,513)		—
		476,318		(423,290)		53,028		471,747		(414,210)		57,537

Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,020		—		51,020
Total intangible assets, net	$	527,339	$	(423,290)	$	104,049	$	522,767	$	(414,210)	$	108,557

Changes in the carrying amount of goodwill are as follows:


	Propane operations and
	related equipment sales
Balance July 31, 2018	$	246,098
Acquisitions		1,410
Other		(313)
Balance July 31, 2019		247,195
Acquisitions		—
Other		—
Balance July 31, 2020	$	247,195

Customer related intangible assets have estimated lives of 15 years and non-compete agreements and other intangible assets have estimated lives ranging from five to 10 years. Ferrellgas, L.P. intends to utilize all acquired trademarks and trade names and does not believe there are any legal, regulatory, contractual, competitive, economical or other factors that would limit their useful lives. Therefore, trademarks and trade names have indefinite useful lives. Customer related intangibles carry a weighted average life of 15 years and non-compete agreements and other intangibles carry a weighted average life of ten years.

Aggregate amortization expense related to intangible assets, net:


For the year ended July 31,
2020	$	9,079
2019		14,581
2018		31,345

Estimated amortization expense:


For the year ended July 31,
2021	$	8,711
2022		7,322
2023		6,995
2024		6,720
2025		4,719

Debt

12 Months Ended

Jul. 31, 2020

Debt Disclosure [Text Block]

I. Debt

Short-term borrowings

Prior to April 30, 2020, Ferrellgas classified borrowings on the Revolving Facility portion of its Senior Secured Credit Facility (each, as defined below) as short-term, because they were primarily used to fund working capital needs that management intended to pay down within the twelve month period following the balance sheet date. During the quarter ended April 30, 2020, Ferrellgas repaid all of the outstanding borrowings under its Senior Secured Credit Facility and terminated that facility, as discussed below. Accordingly, as of July 31, 2020, no amounts were classified as short-term borrowings. As of July 31, 2019, $43.0 million was classified as short-term borrowings. For further discussion see the “Senior secured notes due 2025 and senior secured credit facility” section below.

Long-term debt

Long-term debt consists of the following:


	July 31, 2020		July 31, 2019
Unsecured senior notes
Fixed rate, 6.50%, due 2021 (1)	$	500,000	$	500,000
Fixed rate, 6.75%, due 2023 (2)		500,000		500,000
Fixed rate, 6.75%, due 2022, net of unamortized premium of $937 and $1,633 at July 31, 2020 and 2019, respectively (3)		475,937		476,633
Fixed rate, 8.625%, due 2020, net of unamortized discount of $0 and $1,319 at July 31, 2020 and 2019, respectively (4)		357,000		355,681

Secured senior notes
Fixed rate, 10.00%, due 2025, net of unamortized premium of $3,573 at July 31, 2020 (5)		703,573		—

Senior secured term loan
Variable interest rate, Term Loan (6)		—		275,000

Notes payable
9.4% and 10.7% weighted average interest rate at July 31, 2020 and 2019, respectively, due 2020 to 2029, net of unamortized discount of $537 and $711 at July 31, 2020 and 2019, respectively		4,564		5,962
Total debt, excluding unamortized debt issuance and other costs		2,541,074		2,113,276
Unamortized debt issuance and other costs		(35,583)		(24,516)
Less: current portion of long-term debt		859,095		631,756
Long-term debt	$	1,646,396	$	1,457,004

(1)

During November 2010, the operating partnership issued $500.0 million aggregate principal amount of 6.50% senior notes due 2021. These notes are general unsecured senior obligations of the operating partnership and are (i) effectively junior to all existing and future senior secured indebtedness of the operating partnership, to the extent of the value of the assets securing such debt and (ii) structurally subordinated to all existing and future indebtedness and obligations of the operating partnership’s subsidiaries. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on May 1 and November 1 of each year. The outstanding principal amount is due on May 1, 2021.

(2)

During June 2015, the operating partnership issued $500.0 million aggregate principal amount of 6.75% senior notes due 2023. These notes are general unsecured senior obligations of the operating partnership and are (i) effectively junior to all existing and future senior secured indebtedness of the operating partnership, to the extent of the value of the assets securing such debt, and (ii) structurally subordinated to all existing and future indebtedness and obligations of any subsidiary of the operating partnership that is not a guarantor of these notes. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on June 15 and December 15 of each year. The outstanding principal amount is due June 15, 2023. The operating partnership would incur prepayment penalties if it were to repay the notes prior to June 2021.

(3)

During fiscal 2014, the operating partnership issued $475.0 million aggregate principal amount of 6.75% senior notes due 2022, $325.0 million of which was issued at par and $150.0 million of which was issued at 104% of par. These notes are general unsecured senior obligations of the operating partnership and are (i) effectively junior to all existing and future senior secured indebtedness of the operating partnership, to the extent of the value of the assets securing such debt, and (ii) structurally subordinated to all existing and future indebtedness and obligations of the operating partnership’s subsidiaries. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on January 15 and July 15 of each year. The outstanding principal amount is due January 15, 2022.

(4)

During January 2017, Ferrellgas Partners issued $175.0 million aggregate principal amount of additional 8.625% unsecured senior notes due 2020, issued at 96% of par. Ferrellgas Partners contributed the net proceeds from the offering of approximately $166.1 million to the operating partnership, which used such amounts to repay borrowings under its previous senior secured credit facility. During April 2010, Ferrellgas Partners issued $280.0 million of these notes. During March 2011, Ferrellgas Partners redeemed $98.0 million of these notes. These notes are general unsecured senior obligations of Ferrellgas Partners and are (i) effectively junior to all existing and future senior secured indebtedness of Ferrellgas Partners, to the extent of the value of the assets securing such debt, and (ii) structurally subordinated to all existing and future indebtedness and obligations of the operating partnership and its subsidiaries. The unsecured senior notes bear interest from the date of issuance, payable semi-annually in arrears on June 15 and December 15 of each year. The outstanding principal amount was due on June 15, 2020 but has not been repaid.

(5)

During April 2020, the operating partnership issued $700.0 million aggregate principal amount of 10.00% senior secured first lien notes due 2025, $575.0 million of which was issued at par and $125.0 million of which was issued at 103% of par. These notes are senior secured obligations of the operating partnership and the guarantors of such notes, including Ferrellgas Partners, the general partners of the operating partnership and certain subsidiaries of the operating partnership, and are (i) effectively senior to all existing senior unsecured indebtedness of the operating partnership and the guarantors, to the extent of the value of the assets securing such debt, and (ii) structurally subordinated to all existing and future indebtedness and obligations of Ferrellgas Receivables, LLC, a special purpose subsidiary that does not guarantee the notes. The senior notes bear interest from the date of issuance, payable semiannually in arrears on April 15 and October 15 of each year. The operating partnership would incur prepayment penalties if it were to repay the notes prior to April 15, 2024. The outstanding principal amount is due on April 15, 2025.

(6)

During April 2020, the operating partnership used a portion of the net proceeds from the offering of its senior secured first lien notes due 2025 to (i) repay all $283.9 million of outstanding borrowings under its Senior Secured Credit Facility, together with $3.1 million of accrued interest and a $17.5 million prepayment premium, (ii) cash collateralize all of the letters of credit outstanding under its Senior Secured Credit Facility and (iii) make a cash deposit of $11.5 million with the administrative agent under its Senior Secured Credit Facility, after which the facility was terminated. This repayment also resulted in $19.9 million of non-cash write-offs of capitalized debt costs. The prepayment premium payments and the non-cash write-offs of capitalized debt costs are classified as loss on extinguishment of debt on the consolidated statement of operations.

The scheduled annual principal payments on long-term debt are as follows:


	Scheduled
Payment due by fiscal year	principal payments
2021 (a)	$	859,120
2022		476,435
2023		500,999
2024		329
2025		700,199
Thereafter		19
Total	$	2,537,101

(a)

Includes the Ferrellgas Partners Notes, which matured on June 15, 2020 but have not yet been repaid.

Senior secured notes due 2025 and senior secured credit facility

On April 16, 2020, the operating partnership issued $700.0 million aggregate principal amount of 10.00% senior secured first lien notes due 2025. Ferrellgas utilized a portion of the net proceeds of that offering to repay all $283.9 million of the outstanding borrowings under its Senior Secured Credit Facility, together with $3.1 million of accrued interest and a $17.5 million prepayment premium and terminated that facility. Additionally, Ferrellgas used a portion of the net proceeds from that offering to cash collateralize all of the letters of credit outstanding under the Senior Secured Credit Facility and to make a cash deposit of $11.5 million with the administrative agent under the Senior Secured Credit Facility, which may be used by the administrative agent to pay contingent obligations arising under the Financing Agreement that governed the Senior Secured Credit Facility. To the extent the cash deposit is not used to pay any such contingent obligations, it will be returned to the operating partnership in certain circumstances. The operating partnership intends to use the remaining net proceeds for general corporate purposes.

As of July 31, 2020, the operating partnership had previously terminated its Senior Secured Credit Facility in connection with the issuance of the senior secured first lien notes due 2025. The operating partnership has not entered into a new credit facility as of July 31, 2020. As of July 31, 2019, the operating partnership had outstanding borrowings under its Senior Secured Credit Facility of $275.0 million under the term loan (the “Term Loan”) at an interest rate of 8.16%, which was then classified as current, and $43.0 million under the revolving line of credit (the “Revolving Facility”) at an interest rate of 9.47%, which was classified as short-term borrowings. As of July 31, 2019, the operating partnership had available borrowing capacity under the Revolving Facility of $155.1 million.

Letters of credit outstanding at July 31, 2020 and 2019 totaled $126.0 million and $101.9 million, respectively, and were used to secure insurance arrangements, product purchases and commodity hedges. At July 31, 2020, due to the termination of the Senior Secured Credit Facility, Ferrellgas did not have in place a credit facility providing for the issuance of letters of credit and had $78.2 million of restricted cash pledged as cash collateral for letters of credit outstanding. During the quarter ended July 31, 2020, Ferrellgas also issued letters of credit of $50.0 million by utilizing our liquidity available on the accounts receivable securitization facility. At July 31, 2019, Ferrellgas had remaining available letter of credit capacity under the Senior Secured Credit Facility of $23.1 million. Ferrellgas incurred commitment fees of $0.5 million, $1.0 million and $0.7 million in fiscal 2020, 2019 and 2018, respectively.

Forbearance Agreement with respect to Ferrellgas Partners’ 8.625% Unsecured Senior Notes due June 15, 2020

On June 7, 2020, Ferrellgas Partners and additional Ferrellgas entities entered into a Forbearance Agreement (the “Forbearance Agreement”) with the beneficial owners (or nominees, investment managers, advisors or subadvisors for the beneficial owners, collectively referred to as the “Forbearing Noteholders”) of approximately 77% of the aggregate principal amount of Ferrellgas Partners’ 8.625% unsecured senior notes due June 15, 2020, pursuant to which the Forbearing Noteholders agreed to forbear from exercising any default-related rights and remedies with respect to the Ferrellgas Partners Notes and to direct the trustee thereunder not to take any remedial action. The forbearance period under the Forbearance Agreement expired on August 15, 2020. Following the expiration of the forbearance period, discussions with representatives of the Forbearing Noteholders have continued.

Financial covenants

The indenture governing the outstanding notes of Ferrellgas Partners and the agreements governing the operating partnership’s indebtedness contain various covenants that limit Ferrellgas Partners’ ability and the ability of specified subsidiaries to, among other things, make restricted payments and incur additional indebtedness. The general partner believes that the most restrictive of these covenants are the restricted payments covenants in the indenture governing the outstanding notes of Ferrellgas Partners and the indentures governing the outstanding notes of the operating partnership, which are discussed below.

Ferrellgas Partners, L.P., the master limited partnership

The indenture governing the outstanding notes of Ferrellgas Partners due June 15, 2020 contains a covenant that restricts the ability of Ferrellgas Partners to make certain restricted payments, including distributions on its common units. Ferrellgas Partners continues to comply with the restrictive covenants with respect to the $357.0 million aggregate principal amount of its unsecured senior notes due June 15, 2020 as it continues to negotiate with the Forbearing Noteholders.

Under this covenant, subject to the limited exception described below, Ferrellgas Partners may not make a restricted payment unless its consolidated fixed charge coverage ratio (defined in the indenture generally to mean the ratio of trailing four quarters consolidated EBITDA to consolidated interest expense, both as adjusted for certain, specified items) is at least 1.75x, on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events. As of July 31, 2020, Ferrellgas Partners’ consolidated fixed charge coverage ratio was 1.40x.

If the consolidated fixed charge coverage ratio is below 1.75x, Ferrellgas Partners may make restricted payments of up to $50.0 million in total over a sixteen quarter period. As a result of distributions paid to common unitholders in September 2017, December 2017, March 2018, June 2018 and September 2018, while this ratio was less than 1.75x, Ferrellgas Partners has used substantially all of its capacity under the limited exception and therefore is currently restricted by this covenant from making future restricted payments, including distributions to common unitholders. Accordingly, no distributions have been or will be paid to common unitholders for the three months ended July 31, 2020, and the general partner expects that this covenant will continue to prohibit Ferrellgas Partners from making common unit distributions unless and until the outstanding notes of Ferrellgas Partners due 2020 are restructured, refinanced or otherwise satisfied. While there can be no assurance of success, as part of our debt and interest expense reduction strategy, we are presently considering potential solutions to address the upcoming maturity of the outstanding notes of Ferrellgas Partners due 2020. The potential solutions include, among others, restructuring, refinancing or a transaction to exchange new notes for some or all of these notes.

Ferrellgas, L.P., the operating partnership

Similar to the indenture governing the outstanding notes of Ferrellgas Partners, the indentures governing the outstanding notes of the operating partnership contain covenants that restrict the ability of the operating partnership to make certain restricted payments, including distributions to Ferrellgas Partners. Under these covenants, in the indentures governing the operating partnership’s notes, subject to the limited exceptions described below, the operating partnership may not make a restricted payment unless its consolidated fixed charge coverage ratio (defined in the indentures generally to mean the ratio of trailing four quarters consolidated EBITDA to consolidated interest expense, both as adjusted for certain, specified items) is at least 1.75x on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events. As of July 31, 2020, the operating partnership’s consolidated fixed charge coverage ratio was 1.70x.

Under the covenants in the indentures governing the operating partnership’s unsecured notes, if the consolidated fixed charge coverage ratio is below 1.75x, the operating partnership may still make restricted payments in limited amounts determined under the indentures governing the operating partnership’s unsecured notes. The distributions made by the operating partnership on June 15, 2019 and December 15, 2019 for payment of interest on Ferrellgas Partners’ unsecured senior notes due June 2020 were made from capacity under this limited exception to the ratio requirement under the indentures governing the operating partnership’s unsecured notes.

The indenture governing the operating partnership’s senior secured first lien notes due 2025 contains a similar but, in some respects, a different restricted payments covenant. The covenant in the secured notes indenture provides for the same 1.75x consolidated fixed charge coverage ratio test as the unsecured notes indentures and a limited exception when that ratio is below 1.75x. In addition, the secured notes indenture also provides that, subject to a separate limited exception, described below, the operating partnership generally may not make a restricted payment unless the operating partnership’s consolidated leverage ratio (defined in the secured notes indenture generally to mean the ratio of consolidated total debt to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is no greater than 5.5x, on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events. The consolidated leverage ratio test applies regardless of whether the operating partnership’s consolidated fixed coverage ratio is at least 1.75x or below 1.75x. As of July 31, 2020, the operating partnership’s consolidated leverage ratio was substantially in excess of 5.5x. Additionally, the secured notes indenture provides for restricted payments under its limited exception to the consolidated fixed charge coverage ratio test that is less than the capacity available under the similar exception in the unsecured notes indentures. However, the secured notes indenture contains a separate exception to both the consolidated fixed charge coverage ratio test and the consolidated leverage ratio test that can be utilized to make certain specified restricted payments in a limited amount when the operating partnership does not meet either the consolidated fixed charge coverage ratio test or the consolidated leverage ratio test. This separate exception under the secured notes indenture currently has capacity for such specified restricted payments that is substantially the same as the capacity under the most restrictive of the operating partnership’s unsecured notes indentures.

As described above, Ferrellgas Partners’ unsecured notes due 2020 matured on June 15, 2020, and the outstanding principal amount of those notes was due to be paid on that date, together with accrued interest to the maturity date. Although the operating partnership has some capacity to make distributions under the operating partnership’s unsecured and secured notes indentures, this capacity will not allow the operating partnership to make distributions to Ferrellgas Partners sufficient to pay the principal of and accrued interest on Ferrellgas Partners’ unsecured senior notes due 2020 that was due at the maturity of those notes. Additionally, the restrictions in these indentures currently limit the ability of the operating partnership to make distributions to Ferrellgas Partners to enable it to pay cash distributions to its unitholders.

Debt and interest expense reduction strategy

Ferrellgas continues to pursue a strategy to reduce its debt and interest expense. Opportunities include the generation of additional cash flows through accretive acquisitions, continued restructuring or refinancing of existing indebtedness, selling additional assets, maintaining the suspension of Ferrellgas’ common unit distributions, issuing equity or executing one or more debt exchanges. Ferrellgas expects to maintain its debt and interest expense reduction strategy until its consolidated leverage ratio reaches a level that it deems appropriate for its business. During fiscal 2019, Ferrellgas engaged Moelis & Company LLC as its financial advisor and the law firm of Squire Patton Boggs LLP to assist in its ongoing process to reduce existing debt and address its debt maturities.

Debt Disclosure [Text Block]

I. Debt

Short-term borrowings

Prior to April 30, 2020, Ferrellgas, L.P. classified borrowings on the Revolving Facility portion of its Senior Secured Credit Facility (each, as defined below) as short-term because they were primarily used to fund working capital needs that management intended to pay down within the twelve month period following the balance sheet date. During the quarter ended April 30, 2020, Ferrellgas repaid all of the outstanding borrowings under its Senior Secured Credit Facility and terminated that facility, as discussed below. Accordingly, as of July 31, 2020, no amounts were classified as short-term borrowings. As of July 31, 2019, $43.0 million was classified as short-term borrowings. For further discussion see the “Senior secured notes due 2025 and senior secured credit facility” section below.

Long-term debt

Long-term debt consists of the following:


	July 31, 2020		July 31, 2019
Unsecured senior notes
Fixed rate, 6.50%, due 2021 (1)	$	500,000	$	500,000
Fixed rate, 6.75%, due 2023 (2)		500,000		500,000
Fixed rate, 6.75%, due 2022, net of unamortized premium of $937 and $1,633 at July 31, 2020 and 2019, respectively (3)		475,937		476,633

Secured senior notes
Fixed rate, 10.00%, due 2025, net of unamortized premium of $3,573 at July 31, 2020 (4)		703,573		—

Senior secured term loan
Variable interest rate, Term Loan (5)		—		275,000

Notes payable
9.4% and 10.7% weighted average interest rate at July 31, 2020 and July 31, 2019, respectively, due 2020 to 2029, net of unamortized discount of $537 and $711 at July 31, 2020 and July 31, 2019, respectively		4,564		5,962
Total debt, excluding unamortized debt issuance and other costs		2,184,074		1,757,595
Unamortized debt issuance and other costs		(35,583)		(23,562)
Less: current portion of long-term debt		502,095		277,029
Long-term debt	$	1,646,396	$	1,457,004

(1)

During November 2010, Ferrellgas, L.P. issued $500.0 million aggregate principal amount of 6.50% senior notes due 2021.These notes are general unsecured senior obligations of Ferrellgas, L.P. and are (i) effectively junior to all existing and future senior secured indebtedness of Ferrellgas, L.P., to the extent of the value of the assets securing such debt, and (ii) structurally subordinated to all existing and future indebtedness and obligations of the Ferrellgas, L.P.’s subsidiaries. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on May 1 and November 1 of each year. The outstanding principal amount is due on May 1, 2021.

(2)

During June 2015, Ferrellgas, L.P. issued $500.0 million aggregate principal amount of 6.75% senior notes due 2023. These notes are general unsecured senior obligations of Ferrellgas, L.P. and certain subsidiaries and are (i) effectively junior to all existing and future senior secured indebtedness of Ferrellgas, L.P. and such subsidiaries, to the extent of the value of the assets securing such debt, and (ii) structurally subordinated to all existing and future indebtedness and obligations of any subsidiary of Ferrellgas, L.P. that is not a guarantor of these notes. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on June 15 and December 15 of each year. The outstanding principal amount is due on June 15, 2023. Ferrellgas, L.P. would incur prepayment penalties if it were to repay the notes prior to June 15, 2021.

(3)

During fiscal 2014, Ferrellgas, L.P. issued $475.0 million aggregate principal amount of 6.75% senior notes due 2022, $325.0 million of which was issued at par and $150.0 million of which was issued at 104% of par. These notes are general unsecured senior obligations of Ferrellgas, L.P. and are (i) effectively junior to all existing and future senior secured indebtedness of Ferrellgas, L.P., to the extent of the value of the assets securing such debt, and (ii) structurally subordinated to all existing and future indebtedness and obligations of Ferrellgas, L.P.’s subsidiaries. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on January 15 and July 15 of each year. The outstanding principal amount is due on January 15, 2022.

(4)

During April 2020, Ferrellgas, L.P. issued $700.0 million aggregate principal amount of 10.00% senior secured first lien notes due 2025, $575.0 million of which was issued at par and $125.0 million of which was issued at 103% of par. These notes are senior secured obligations of Ferrellgas, L.P. and the guarantors of such notes, including Ferrellgas Partners, the general partners of Ferrellgas, L.P. and certain subsidiaries, and are (i) effectively senior to all existing senior unsecured indebtedness of Ferrellgas, L.P. and the guarantors, to the extent of the value of the assets securing such debt, and (ii) structurally subordinated to all existing and future indebtedness and obligations of Ferrellgas Receivables, LLC, a special purpose subsidiary that does not guarantee the notes. The senior notes bear interest from the date of issuance, payable semiannually in arrears on April 15 and October 15 of each year. The operating partnership would incur prepayment penalties if it were to repay the notes prior to April 15, 2024. The outstanding principal amount is due on April 15, 2025.

(5)

During April 2020, Ferrellgas, L.P. used a portion of the net proceeds from the offering of its senior secured first lien notes due 2025 to (i) repay all $283.9 million of outstanding borrowings under its Senior Secured Credit Facility, together with $3.1 million of accrued interest and a $17.5 million prepayment premium, (ii) cash collateralize all of the letters of credit outstanding under its Senior Secured Credit Facility and (iii) make a cash deposit of $11.5 million with the administrative agent under its Senior Secured Credit Facility, after which the facility was terminated. This repayment also resulted in $19.9 million of non-cash write-offs of capitalized debt costs. The prepayment premium payments and the non-cash write-offs of capitalized debt costs are classified as loss on extinguishment of debt on the consolidated statement of operations.

The scheduled annual principal payments on long-term debt are as follows:


Payment due by fiscal year	Scheduled principal payments
2021	$	502,120
2022		476,435
2023		500,999
2024		329
2025		700,199
Thereafter		19
Total	$	2,180,101

Senior secured credit facilities due 2025 and senior secured credit facility

On April 16, 2020, Ferrellgas, L.P. issued $700.0 million aggregate principal amount of 10.00% senior secured first lien notes due 2025, as discussed above. Ferrellgas, L.P. utilized a portion of the net proceeds of that offering to repay all $283.9 million of the outstanding borrowings under its Senior Secured Credit Facility, together with $3.1 million of accrued interest and a $17.5 million prepayment premium and terminated that facility. Additionally, Ferrellgas, L.P. used a portion of the net proceeds from that offering to cash collateralize all of the letters of credit outstanding under the Senior Secured Credit Facility and to make a cash deposit of $11.5 million with the administrative agent under the Senior Secured Credit Facility, which may be used by the administrative agent to pay contingent obligations arising under the Financing Agreement that governed the Senior Secured Credit Facility. To the extent the cash deposit is not used to pay any such contingent obligations, it will be returned to Ferrellgas, L.P. in certain circumstances. Ferrellgas, L.P. intends to use the remaining net proceeds for general corporate purposes.

As of July 31, 2020, Ferrellgas, L.P. had previously terminated its Senior Secured Credit Facility in connection with the issuance of the senior secured first lien notes due 2025. Ferrellgas, L.P. has not entered into a new credit facility as of July 31, 2020. As of July 31, 2019, Ferrellgas, L.P. had borrowings under its Senior Secured Credit Facility of $275.0 million under the term loan (the “Term Loan”) at an interest rate of 8.16%, which was then classified as current, and $43.0 million under the revolving line of credit (the “Revolving Facility”) at an interest rate of 9.47%, which was classified as short-term borrowings. As of July 31, 2019, Ferrellgas, L.P. had available borrowing capacity under the Revolving Facility of $155.1 million.

Letters of credit outstanding at July 31, 2020 and July 31, 2019 totaled $126.0 million and $101.9 million, respectively, and were used to secure insurance arrangements, product purchases and commodity hedges. At July 31, 2020, due to the termination of the Senior Secured Credit Facility Ferrellgas, L.P. did not have in place a credit facility providing for the issuance of letters of credit and had $78.2 million of restricted cash pledged as cash collateral for letters of credit outstanding. During the quarter ended July 31, 2020, Ferrellgas, L.P. also issued letters of credit of $50.0 million by utilizing our liquidity available on the accounts receivable securitization facility. At July 31, 2019, Ferrellgas, L.P. had remaining available letter of credit capacity under the Senior Secured Credit Facility of $23.1 million. Ferrellgas incurred commitment fees of $0.5 million, $1.0 million, and $0.7 million in fiscal 2020, 2019, and 2018, respectively.

Forbearance Agreement with respect to Ferrellgas Partners’ 8.625% Unsecured Senior Notes due June 15, 2020

Financial covenants

The indenture governing the outstanding notes of Ferrellgas Partners and the indentures governing the outstanding notes of Ferrellgas, L.P. contain various covenants that limit Ferrellgas Partners’ ability and the ability of specified subsidiaries to, among other things, make restricted payments and incur additional indebtedness. The general partner believes that the most restrictive of these covenants are the restricted payments covenants discussed below.

Similar to the indenture governing the outstanding notes of Ferrellgas Partners, the indentures governing the outstanding notes of the operating partnership contain covenants that restrict the ability of the operating partnership to make certain restricted payments, including distributions to Ferrellgas Partners. Under these covenants, subject to the limited exception described below, the operating partnership may not make a restricted payment unless its consolidated fixed charge coverage ratio (defined in the indentures generally to mean the ratio of trailing four quarters consolidated EBITDA to consolidated interest expense, both as adjusted for certain, specified items) is at least 1.75x , on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events. As of July 31, 2020, the operating partnership’s consolidated fixed charge coverage ratio was 1.70x.

Under the covenants in the indentures governing Ferrellgas, L.P.’s unsecured notes, if the consolidated fixed charge coverage ratio is below 1.75x, Ferrellgas, L.P. may still make restricted payments in limited amounts determined under the indentures governing Ferrellgas, L.P.’s unsecured notes. The distributions made by Ferrellgas, L.P. on June 15, 2019 and December 15, 2019 for payment of interest on Ferrellgas Partners’ unsecured senior notes due June 2020 were made from capacity under this limited exception to the ratio requirement under the indentures governing Ferrellgas, L.P.’s unsecured notes.

The indenture governing Ferrellgas, L.P.’s senior secured first lien notes due 2025 contains a similar but, in some respects, a different restricted payments covenant. The covenant in the secured notes indenture provides for the same 1.75x consolidated fixed charge coverage ratio test as the unsecured notes indentures and a limited exception when that ratio is below 1.75x. In addition, the secured notes indenture also provides that, subject to a separate limited exception, described below, Ferrellgas, L.P. generally may not make a restricted payment unless Ferrellgas, L.P.’s consolidated leverage ratio (defined in the secured notes indenture generally to mean the ratio of consolidated total debt to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is no greater than 5.5x, on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events. The consolidated leverage ratio test applies regardless of whether Ferrellgas, L.P.’s consolidated fixed coverage ratio is at least 1.75x or below 1.75x. As of July 31, 2020, Ferrellgas, L.P.’s consolidated leverage ratio was substantially in excess of 5.5x. Additionally, the secured notes indenture provides for restricted payments under its limited exception to the consolidated fixed charge coverage ratio test that is less than the capacity available under the similar exception in the unsecured notes indentures. However, the secured notes indenture contains a separate exception to both the consolidated fixed charge coverage ratio test and the consolidated leverage ratio test that can be utilized to make certain specified restricted payments in a limited amount when Ferrellgas, L.P. does not meet either the consolidated fixed charge coverage ratio test or the consolidated leverage ratio test. This separate exception under the secured notes indenture currently has capacity for such specified restricted payments that is substantially the same as the capacity under the most restrictive of Ferrellgas, L.P.’s unsecured notes indentures.

As described above, Ferrellgas Partners’ unsecured notes due 2020 matured on June 15, 2020, and the outstanding principal amount of those notes was due to be paid on that date, together with accrued interest to the maturity date. Although Ferrellgas, L.P. has some capacity to make distributions under Ferrellgas, L.P.’s unsecured and secured notes indentures, this capacity will not allow Ferrellgas, L.P. to make distributions to Ferrellgas Partners sufficient to pay the principal of and accrued interest on Ferrellgas Partners’ unsecured senior notes due 2020 due at the maturity of those notes. Additionally, the restrictions in these indentures currently limit the ability of Ferrellgas, L.P. to make distributions to Ferrellgas Partners to enable it to pay cash distributions to its unitholders. Ferrellgas Partners continues to comply with restrictive covenants with respect to the $357.0 million aggregate principal amount of its unsecured senior notes due June 15, 2020 as Ferrellgas Partners continues to negotiate with the Forbearing Noteholders.

Debt and interest expense reduction strategy

Ferrellgas, L.P. continues to pursue a strategy to reduce its debt and interest expense. Opportunities include the generation of additional cash flows organically or through accretive acquisitions, restructuring or refinancing existing indebtedness, selling additional assets, maintaining the suspension of Ferrellgas Partners’ common unit distributions, issuing equity or executing one or more debt exchanges. Ferrellgas, L.P. expects to maintain our debt and interest expense reduction strategy until the consolidated leverage ratio reaches a level that we deem appropriate for our business. During fiscal 2019, Ferrellgas, L.P. engaged Moelis & Company LLC as its financial advisor and the law firm of Squire Patton Boggs LLP to assist in its ongoing process to reduce existing debt and address its debt maturities.

Partners' deficit

12 Months Ended

Jul. 31, 2020

Partners' deficit

J. Partners’ deficit

As of July 31, 2020 and 2019, limited partner units were beneficially owned by the following:


	July 31, 2020	July 31, 2019
Public common unitholders (1)	69,612,939	69,612,939
Ferrell Companies (2)	22,529,361	22,529,361
FCI Trading Corp. (3)	195,686	195,686
Ferrell Propane, Inc. (4)	51,204	51,204
James E. Ferrell (5)	4,763,475	4,763,475

(1)

These common units are traded on the OTC Pink Market under the symbol “FGPR” as of July 31, 2020. As of July 31, 2019, these common units were listed on the New York Stock Exchange under the symbol “FGP.”

(2)

Ferrell Companies is the owner of the general partner and an approximate 23% direct owner of Ferrellgas Partners’ common units and thus a related party. Ferrell Companies also beneficially owns 195,686 and 51,204 common units of Ferrellgas Partners held by FCI Trading Corp. (“FCI Trading”) and Ferrell Propane, Inc. (“Ferrell Propane”), respectively, bringing Ferrell Companies’ total beneficial ownership to 23.4%.

(3)

FCI Trading is an affiliate of the general partner and thus a related party.

(4)

Ferrell Propane is controlled by the general partner and thus a related party.

(5)

James E. Ferrell is the Interim Chief Executive Officer and President of our general partner; and is the Chairman of the Board of Directors of our general partner and a related party. JEF Capital Management owns 4,758,859 of these common units and is owned by the James E. Ferrell Revocable Trust Two and other family trusts, all of which James E. Ferrell and/or his family members are the trustees and beneficiaries. James E. Ferrell holds all voting common stock of JEF Capital Management. The remaining 4,616 common units are held by Ferrell Resources Holdings, Inc., which is wholly-owned by the James E. Ferrell Revocable Trust One, for which James E. Ferrell is the trustee and sole beneficiary.

Together these limited partner units represent Ferrellgas Partners’ limited partners’ interest and an effective 98% economic interest in Ferrellgas Partners, exclusive of the general partner’s incentive distribution rights. The general partner has an effective 2% interest in Ferrellgas Partners, excluding incentive distribution rights. Since ongoing distributions have not yet reached the levels required to commence payment of incentive distribution rights to the general partner, distributions to the partners from operations or interim capital transactions will generally be made in accordance with the above percentages. In liquidation, allocations and distributions will be made in accordance with each common unitholder’s positive capital account.

The common units of Ferrellgas Partners represent limited partner interests in Ferrellgas Partners, which give the holders thereof the right to participate in distributions made by Ferrellgas Partners and to exercise the other rights or privileges available to such holders under the Fourth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P. dated February 18, 2003, as amended (the “Partnership Agreement”). Under the terms of the Partnership Agreement, holders of common units have limited voting rights on matters affecting the business of Ferrellgas Partners. Generally, persons owning 20% or more of Ferrellgas Partners’ outstanding common units cannot vote; however, this limitation does not apply to those common units owned by the general partner or its “affiliates,” as such term is defined in the Partnership Agreement.

The Partnership Agreement allows the general partner to issue an unlimited number of additional Ferrellgas general and limited partner interests of Ferrellgas Partners for such consideration and on such terms and conditions as shall be established by the general partner without the approval of any unitholders.

Partnership distributions

Ferrellgas Partners has recognized the following distributions:


	For the year ended July 31,
	2020		2019		2018
Public common unitholders	$	—	$	6,962	$	27,846
Ferrell Companies		—		2,253		9,012
FCI Trading Corp.		—		20		80
Ferrell Propane, Inc.		—		5		20
James E. Ferrell		—		476		1,904
General partner		—		98		392
	$	—	$	9,814	$	39,254

Ferrellgas Partners paid cash distributions as detailed in the table above. Ferrellgas Partners did not declare a cash distribution related to the three months ended October 31, 2019, the three months ended January 31, 2020, the three months ended April 30, 2020, or the three months ended July 31, 2020. As discussed in Note I – Debt, Ferrellgas Partners was not permitted, pursuant to the consolidated fixed charge coverage ratio under its indenture, to make restricted payments, including distributions to unitholders.

Accumulated other comprehensive income (loss)(“AOCI”)

See Note M – Derivative instruments and hedging activities – for details regarding changes in fair value on risk management financial derivatives recorded within AOCI for the years ended July 31, 2020 and 2019.

General partner’s commitment to maintain its capital account

Ferrellgas’ partnership agreements allow the general partner to have an option to maintain its effective 2% general partner interest concurrent with the issuance of other additional equity.

During fiscal 2020, the general partner made non-cash contributions of $57 thousand to Ferrellgas to maintain its effective 2% general partner interest.

During fiscal 2019, the general partner made non-cash contributions of $0.1 million to Ferrellgas to maintain its effective 2% general partner interest.

Partners' deficit

J. Partners’ deficit

Partnership distributions:

Ferrellgas, L.P. has recognized the following distributions:


	For the year ended July 31,
	2020		2019		2018
Ferrellgas Partners	$	15,496	$	40,706	$	70,246
General partner		158		415		716

See additional discussions about transactions with related parties in Note N – Transactions with related parties.

Accumulated other comprehensive income (loss)(“AOCI”)

General partner’s commitment to maintain its capital account

Ferrellgas, L.P.’s partnership agreement allows the general partner to have an option to maintain its 1.0101% general partner interest concurrent with the issuance of other additional equity.

During fiscal 2020, the general partner made non-cash contributions of $29 thousand to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

During fiscal 2019, the general partner made non-cash contributions of $0.1 million to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

Revenue from contracts with customers

12 Months Ended

Jul. 31, 2020

Revenue from Contract with Customer [Text Block]

K.Revenue from contracts with customers

Ferrellgas earns revenue from contracts with customers primarily through the distribution of propane, as well as through the sale of propane related equipment and supplies. Revenues from propane and other gas liquids sales are comprised of revenue earned from the delivery of propane to tanks on customers’ premises, from the delivery of propane filled cylinders to customers, or from the sale of portable propane tanks to nationwide and local retailers and end use customers. Other revenues primarily include sales of appliances and other materials as well as other fees charged to customers.

Contracts with customers

Ferrellgas’ contracts with customers are principally for the bulk delivery of propane to tanks, delivery of propane filled cylinders or the delivery of portable propane tanks to retailers. Ferrellgas sells propane to a wide variety of customers, including residential, industrial/commercial, portable tank exchange, agricultural, wholesale and others. Ferrellgas’ performance obligations in these contracts are generally limited to the delivery of propane, and therefore revenues from these contracts are earned at the time product is delivered or, in the case of some of Ferrellgas’ portable tank exchange retailers who have consignment agreements, at the time the tanks are sold to the end use customer. Payment is generally due within 30 days. Revenues from sales of propane are included in Propane and other gas liquids sales on the consolidated statements of operations.

Typically, Ferrellgas bills customers upon delivery and payment is generally due within 30 days. With its residential customers, Ferrellgas offers customers the ability to spread their annual heating costs over a longer period, typically twelve months. Customers who opt to spread their heating costs over a longer period are referred to as “even-pay” customers.

Ferrellgas charges other amounts to customers associated with the delivery of propane including hazardous materials fees and fuel surcharge fees. In some regions, Ferrellgas also sells appliances and related parts and fittings as well as other retail propane related services. Ferrellgas charges on an annual basis tank and equipment rental charges for customers that are using our equipment to store propane. Other revenues associated with deliveries of propane are earned at the time product is delivered. Revenues associated with sales of appliances and other materials or services are earned at the time of delivery or installation. Revenues associated with tank and equipment rentals are generally recognized on a straight-line basis over one year.

Accounting estimates related to recognition of revenue require that Ferrellgas make estimates and assumptions about various factors including credits issued for completed sales, future returns and total consideration payable in instances where we have customer incentives payable to the customer.

Disaggregation of revenue

Ferrellgas disaggregates revenues based upon the type of customer and on the type of revenue. The following table presents retail propane revenues, wholesale propane revenues and other revenues. Retail revenues result from sales to end use customers, wholesale revenues result from sales to or through resellers and all other revenues include sales of appliances and other materials, other fees charged to customers and equipment rental charges.


	For the year ended July 31,
	2020		2019		2018
Retail - Sales to End Users	$	964,087	$	1,128,991	$	1,082,046
Wholesale - Sales to Resellers		430,435		419,349		448,943
Other Gas Sales		21,269		60,518		111,987
Other		82,035		75,534		147,847
Propane and related equipment revenues	$	1,497,826	$	1,684,392	$	1,790,823

Contract assets and liabilities

Ferrellgas’ performance obligations are generally limited to the delivery of propane for our retail and wholesale contracts. Ferrellgas’ performance obligations with respect to sales of appliances and other materials and other revenues are limited to the delivery of the agreed upon good or service. Ferrellgas does not have material performance obligations that are delivered over time, thus all of our revenue is recognized at the time the goods, including propane, are delivered or installed. Ferrellgas offers “even pay” billing programs that can create customer deposits or advances, depending on whether Ferrellgas has delivered more propane than the customer has paid for or whether the customer has paid for more propane than what has been delivered. Revenue is recognized from these customer deposits or advances to customers at the time product is delivered. The advance or deposit is considered to be a contract asset or liability. Additionally, from time to time, we have customers that pay in advance for goods or services, and such amounts result in contract liabilities.

Ferrellgas incurs incremental commissions directly related to the acquisition or renewal of customer contracts. The commissions are calculated and paid based upon the number of gallons sold to the acquired or renewed customer. The total amount of commissions that we incur is not material, and the commissions are expensed commensurate with the deliveries to which they relate; therefore, Ferrellgas does not capitalize these costs.

The following table presents the opening and closing balances of our receivables, contract assets, and contract liabilities:


	July 31, 2020		July 31, 2019
Accounts receivable	$	108,483	$	96,450
Contract assets	$	7,079	$	13,609
Contract liabilities
Deferred revenue (1)	$	42,911	$	31,974

(1)

Of the beginning balance of deferred revenue, $29.8 million was recognized as revenue during the year ended July 31, 2020.

Remaining performance obligations

Ferrellgas’ remaining performance obligations are generally limited to situations where its customers have remitted payment but have not yet received deliveries of propane. This most commonly occurs in Ferrellgas’ even pay billing programs and Ferrellgas expects that these balances will be recognized within a year or less as the customer takes delivery of propane.

Revenue from Contract with Customer [Text Block]

K. Revenue from contracts with customers

Ferrellgas, L.P. earns revenue from contracts with customers primarily through the distribution of propane, as well as through the sale of propane related equipment and supplies. Revenues from propane and other gas liquids sales are comprised of revenue earned from the delivery of propane to tanks on customers’ premises, from the delivery of propane filled cylinders to customers, or from the sale of portable propane tanks to nationwide and local retailers and end use customers. Other revenues primarily include sales of appliances and other materials as well as other fees charged to customers.

Contracts with customers

Ferrellgas, L.P.’s contracts with customers are principally for the bulk delivery of propane to tanks, delivery of propane filled cylinders or the delivery of portable propane tanks to retailers. Ferrellgas, L.P. sells propane to a wide variety of customers, including residential, industrial/commercial, portable tank exchange, agricultural, wholesale and others. Ferrellgas, L.P.’s performance obligations in these contracts are generally limited to the delivery of propane, and therefore revenues from these contracts are earned at the time product is delivered or, in the case of some of Ferrellgas, L.P.’s portable tank exchange retailers who have consignment agreements, at the time the tanks are sold to the end use customer. Payment is generally due within 30 days. Revenues from sales of propane are included in Propane and other gas liquids sales on the consolidated statements of operations.

Typically, Ferrellgas, L.P. bills customers upon delivery and payment is generally due within 30 days. With its residential customers, Ferrellgas, L.P offers customers the ability to spread their annual heating costs over a longer period, typically twelve months. Customers who opt to spread their heating costs over a longer period are referred to as “even-pay” customers.

Ferrellgas, L.P. charges other amounts to customers associated with the delivery of propane including hazardous materials fees and fuel surcharge fees. In some regions, Ferrellgas, L.P. also sells appliances and related parts and fittings as well as other retail propane related services. Ferrellgas, L.P. charges on an annual basis tank and equipment rental charges for customers that are using our equipment to store propane. Other revenues associated with deliveries of propane are earned at the time product is delivered. Revenues associated with sales of appliances and other materials or services are earned at the time of delivery or installation. Revenues associated with tank and equipment rentals are generally recognized on a straight-line basis over one year.

Accounting estimates related to recognition of revenue require that Ferrellgas, L.P. make estimates and assumptions about various factors including credits issued for completed sales, future returns and total consideration payable in instances where we have customer incentives payable to the customer.

Disaggregation of revenue

Ferrellgas, L.P. disaggregates revenues based upon the type of customer and on the type of revenue. The following table presents retail propane revenues, wholesale propane revenues and other revenues. Retail revenues result from sales to end use customers, wholesale revenues result from sales to or through resellers and all other revenues include sales of appliances and other materials, other fees charged to customers and equipment rental charges.


	For the year ended July 31,
	2020		2019		2018
Retail - Sales to End Users	$	964,087	$	1,128,991	$	1,082,046
Wholesale - Sales to Resellers		430,435		419,349		448,943
Other Gas Sales		21,269		60,518		111,987
Other		82,035		75,534		147,847
Propane and related equipment revenues	$	1,497,826	$	1,684,392	$	1,790,823

Contract assets and liabilities

Ferrellgas, L.P.’s performance obligations are generally limited to the delivery of propane for our retail and wholesale contracts. Ferrellgas, L.P.’s performance obligations with respect to sales of appliances and other materials and other revenues are limited to the delivery of the agreed upon good or service. Ferrellgas, L.P. does not have material performance obligations that are delivered over time, thus all of our revenue is recognized at the time the goods, including propane, are delivered or installed. Ferrellgas, L.P. offers “even pay” billing programs that can create customer deposits or advances, depending on whether Ferrellgas, L.P. has delivered more propane than the customer has paid for or whether the customer has paid for more propane than what has been delivered. Revenue is recognized from these customer deposits or advances to customers at the time product is delivered. The advance or deposit is considered to be a contract asset or liability. Additionally, from time to time, we have customers that pay in advance for goods or services, and such amounts result in contract liabilities.

Ferrellgas, L.P. incurs incremental commissions directly related to the acquisition or renewal of customer contracts. The commissions are calculated and paid based upon the number of gallons sold to the acquired or renewed customer. The total amount of commissions that we incur is not material, and the commissions are expensed commensurate with the deliveries to which they relate; therefore, Ferrellgas, L.P. does not capitalize these costs.

The following table presents the opening and closing balances of our receivables, contract assets, and contract liabilities:


	July 31, 2020		July 31, 2019
Accounts receivable	$	108,483	$	96,450
Contract assets	$	7,079	$	13,609
Contract liabilities
Deferred revenue (1)	$	42,911	$	31,974

(1)

Of the beginning balance of deferred revenue, $29.8 million was recognized as revenue during the year ended July 31, 2020.

Remaining performance obligations

Ferrellgas, L.P.’s remaining performance obligations are generally limited to situations where its customers have remitted payment but have not yet received deliveries of propane. This most commonly occurs in Ferrellgas, L.P.’s even pay billing programs and Ferrellgas expects that these balances will be recognized within a year or less as the customer takes delivery of propane.

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Fair Value Measurements

12 Months Ended

Jul. 31, 2020

Fair Value Measurements

L. Fair value measurements

Derivative financial instruments

The following table presents Ferrellgas’ financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of July 31, 2020 and 2019:


	Asset (Liability)
	Quoted Prices in Active
	Markets for Identical		Significant Other
	Assets and Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
July 31, 2020:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	3,112	$	—	$	3,112
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(5,425)	$	—	$	(5,425)

July 31, 2019:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	1,259	$	—	$	1,259
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(16,015)	$	—	$	(16,015)

Methodology

The fair values of Ferrellgas’ non-exchange traded commodity derivative contracts are based upon indicative price quotations available through brokers, industry price publications or recent market transactions and related market indicators.

Other financial instruments

The carrying amounts of other financial instruments included in current assets and current liabilities (except for current maturities of long-term debt) approximate their fair values because of their short-term nature. At July 31, 2020 and July 31, 2019, the estimated fair value of Ferrellgas’ long-term debt instruments was $2,177.1 million and $1,824.6 million, respectively. Ferrellgas estimates the fair value of long-term debt based on quoted market prices. The fair value of Ferrellgas’ consolidated debt obligations is a Level 2 valuation based on the observable inputs used for similar liabilities.

Ferrellgas has other financial instruments such as trade accounts receivable which could expose it to concentrations of credit risk. The credit risk from trade accounts receivable is limited because of a large customer base which extends across many different U.S. markets.

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Measurements

L. Fair value measurements

Derivative financial instruments

The following table presents Ferrellgas, L.P.’s financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of July 31, 2020 and 2019:


	Asset (Liability)
	Quoted Prices in Active
	Markets for Identical		Significant Other
	Assets and Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
July 31, 2020:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	3,112	$	—	$	3,112
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(5,425)	$	—	$	(5,425)

July 31, 2019:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	1,259	$	—	$	1,259
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(16,015)	$	—	$	(16,015)

Methodology

The fair values of Ferrellgas, L.P.’s non-exchange traded commodity derivative contracts are based upon indicative price quotations available through brokers, industry price publications or recent market transactions and related market indicators.

Other financial instruments

The carrying amounts of other financial instruments included in current assets and current liabilities (except for current maturities of long-term debt) approximate their fair values because of their short-term nature. At July 31, 2020 and July 31, 2019, the estimated fair value of Ferrellgas, L.P.’s long-term debt instruments was $2,054.4 million and $1,562.2 million, respectively. Ferrellgas, L.P. estimates the fair value of long-term debt based on quoted market prices. The fair value of our consolidated debt obligations is a Level 2 valuation based on the observable inputs used for similar liabilities.

Ferrellgas, L.P. has other financial instruments such as trade accounts receivable which could expose it to concentrations of credit risk. The credit risk from trade accounts receivable is limited because of a large customer base which extends across many different U.S. markets.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Derivative Instruments and Hedging Activities

Derivative Instruments and Hedging Activities

12 Months Ended

Jul. 31, 2020

Derivative [Line Items]

M. Derivative instruments and hedging activities

Ferrellgas is exposed to certain market risks related to its ongoing business operations. These risks include exposure to changing commodity prices as well as fluctuations in interest rates. Ferrellgas utilizes derivative instruments to manage its exposure to fluctuations in commodity prices. Of these, the propane commodity derivative instruments are designated as cash flow hedges.

Derivative instruments and hedging activity

During the year ended July 31, 2020 and 2019, Ferrellgas did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of financial derivative contract gains or losses from the assessment of hedge effectiveness related to commodity cash flow hedges.

The following tables provide a summary of the fair value of derivatives within Ferrellgas’ consolidated balance sheets as of July 31, 2020 and 2019:


	Final	July 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	$	2,846	Other current liabilities	$	5,029
Commodity derivatives-propane		Other assets, net		266	Other liabilities		396
		Total	$	3,112	Total	$	5,425


	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

Ferrellgas’ exchange traded commodity derivative contracts require cash margin deposit as collateral for contracts that are in a negative mark-to-market position. These cash margin deposits will be returned if mark-to-market conditions improve or will be applied against cash settlement when the contracts are settled. Liabilities represent cash margin deposits received by Ferrellgas for contracts that are in a positive mark-to-market position. The following tables provide a summary of cash margin balances as of July 31, 2020 and July 31, 2019, respectively:


	July 31, 2020
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	14,398	Other current liabilities	$	510
	Other assets, net		1,433	Other liabilities		—
		$	15,831		$	510


	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

During fiscal 2018, Ferrellgas terminated the interest rate swaps that were designated as a fair value hedging instrument and cash flow hedging instrument. Upon termination, Ferrellgas paid the counterparty $4.2 million. Since the interest rate swap designated as a fair value hedging instrument that was terminated involves a hedge of an interest-bearing liability, the senior notes due May 1, 2021, Ferrellgas capitalized the fair value of the hedge at termination of $4.2 million and will amortize the balance on a straight-line basis to interest expense over the remaining useful life of the hedged item, the 2021 Notes. The following table provides a summary of the effect on Ferrellgas’ consolidated statements of comprehensive income for the years ended July 31, 2020, 2019 and 2018 due to derivatives designated as fair value hedging instruments:


								Amount of Interest Expense
		Amount of Gain Recognized on						Recognized on Fixed-Rated Debt
	Location of Gain	Derivative						(Related Hedged Item)
	Recognized on	For the year ended July 31,						For the year ended July 31,
Derivative Instrument	Derivative	2020		2019		2018		2020		2019		2018
Interest rate swap agreements	Interest expense	$	—	$	—	$	266	$	—	$	—	$	(6,825)

The following tables provide a summary of the effect on Ferrellgas’ consolidated statements of comprehensive income for the years ended July 31, 2020, 2019 and 2018 due to derivatives designated as cash flow hedging instruments:


	For the year ended July 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	$	(22,872)	Cost of product sold- propane and other gas liquids sales	$	(35,315)	$	—
	$	(22,872)		$	(35,315)	$	—


	For the year ended July 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	$	(48,184)	Cost of product sold- propane and other gas liquids sales	$	(12,868)	$	—
	$	(48,184)		$	(12,868)	$	—


	For the year ended July 31, 2018
				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	$	30,231	Cost of sales-propane and other gas liquids sales	$	24,714	$	—
Interest rate swap agreements		—			(395)		—
	$	30,231		$	24,319	$	—

The following table provides a summary of the effect on Ferrellgas’ consolidated statements of comprehensive income for the years ended July 31, 2020, 2019 and 2018 due to the change in fair value of derivatives not designated as hedging instruments. There was no effect for the years ended July 31, 2020 and 2019.


	For the year ended July 31, 2018
	Amount of Gain (Loss)		Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments	Recognized in Income		Reclassified in Income
Commodity derivatives - crude oil	$	(3,470)	Cost of sales - midstream operations

The changes in derivatives included in AOCI for the years ended July 31, 2020, 2019 and 2018 were as follows:


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2020		2019		2018
Beginning balance	$	(14,756)	$	20,560	$	14,648
Change in value of risk management commodity derivatives		(22,872)		(48,184)		30,231
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		35,315		12,868		(24,714)
Reclassification of losses on interest rate hedges to interest expense		—		—		395
Ending balance	$	(2,313)	$	(14,756)	$	20,560

Ferrellgas expects to reclassify net losses of approximately $2.2 million to earnings during the next 12 months. These net losses are expected to be offset by increased margins on propane sales commitments Ferrellgas has with its customers that qualify for the normal purchase normal sale exception.

During the years ended July 31, 2020, 2019 and 2018, Ferrellgas had no reclassifications to operations resulting from discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of July 31, 2020, Ferrellgas had financial derivative contracts covering 4.0 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

Derivative financial instruments credit risk

Ferrellgas is exposed to credit loss in the event of nonperformance by counterparties to derivative financial and commodity instruments. Ferrellgas’ counterparties principally consist of major energy companies and major U.S. financial institutions. Ferrellgas maintains credit policies with regard to its counterparties that it believes reduce its overall credit risk. These policies include evaluating and monitoring its counterparties’ financial condition, including their credit ratings, and entering into agreements with counterparties that govern credit limits. Certain of these agreements call for the posting of collateral by the counterparty or by Ferrellgas in the forms of letters of credit, parental guarantees or cash. Ferrellgas has concentrations of credit risk associated with derivative financial instruments held by certain derivative financial instrument counterparties. If these counterparties that make up the concentration failed to perform according to the terms of their contracts at July 31, 2020, the maximum amount of loss due to credit risk that Ferrellgas would incur, based upon the gross fair values of the derivative financial instruments, is zero.

From time to time Ferrellgas enters into derivative contracts that have credit-risk-related contingent features which dictate credit limits based upon Ferrellgas’ debt rating. There were no open derivative contracts with credit-risk-related contingent features as of July 31, 2020.

Derivative Instruments and Hedging Activities

Derivative [Line Items]

M. Derivative instruments and hedging activities

Ferrellgas, L.P. is exposed to certain market risks related to its ongoing business operations. These risks include exposure to changing commodity prices as well as fluctuations in interest rates. Ferrellgas, L.P. utilizes derivative instruments to manage its exposure to fluctuations in commodity prices. Of these, the propane commodity derivative instruments are designated as cash flow hedges.

Derivative instruments and hedging activity

During the year ended July 31, 2020 and 2019, Ferrellgas, L.P. did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of financial derivative contract gains or losses from the assessment of hedge effectiveness related to commodity cash flow hedges.

The following tables provide a summary of the fair value of derivatives within Ferrellgas, L.P.’s consolidated balance sheets as of July 31, 2020 and 2019:


	Final	July 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	$	2,846	Other current liabilities	$	5,029
Commodity derivatives-propane		Other assets, net		266	Other liabilities		396
		Total	$	3,112	Total	$	5,425


	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

Ferrellgas, L.P.’s exchange traded commodity derivative contracts require cash margin deposit as collateral for contracts that are in a negative mark-to-market position. These cash margin deposits will be returned if mark-to-market conditions improve or will be applied against cash settlement when the contracts are settled. Liabilities represent cash margin deposits received by Ferrellgas, L.P. for contracts that are in a positive mark-to-market position. The following tables provide a summary of cash margin balances as of July 31, 2020 and July 31, 2019, respectively:


	July 31, 2020
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	14,398	Other current liabilities	$	510
	Other assets, net		1,433	Other liabilities		—
		$	15,831		$	510


	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

During fiscal 2018, Ferrellgas, L.P. terminated the interest rate swaps that were designated as a fair value hedging instrument and cash flow hedging instrument. Upon termination, Ferrellgas, L.P. paid the counterparty $4.2 million. Since the interest rate swap designated as a fair value hedging instrument that was terminated involves a hedge of an interest-bearing liability, the senior notes due May 1, 2021, Ferrellgas, L.P. capitalized the fair value of the hedge at termination of $4.2 million and will amortize the balance on a straight-line basis to interest expense over the remaining useful life of the hedged item, the 2021 Notes. The following table provides a summary of the effect on Ferrellgas, L.P.’s consolidated statements of comprehensive income for the years ended July 31, 2020, 2019 and 2018 due to derivatives designated as fair value hedging instruments:


								Amount of Interest Expense
	Location of Gain	Amount of Gain Recognized on						Recognized on Fixed-Rated Debt
	Recognized on	Derivative						(Related Hedged Item)
Derivative Instrument	Derivative	For the year ended July 31,						For the year ended July 31,
		2020		2019		2018		2020		2019		2018
Interest rate swap agreements	Interest expense	$	—	$	—	$	266	$	—	$	—	$	(6,825)

The following tables provide a summary of the effect on Ferrellgas, L.P.’s consolidated statements of comprehensive income for the years ended July 31, 2020, 2019 and 2018 due to derivatives designated as cash flow hedging instruments:


	For the year ended July 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	$	(22,872)	Cost of product sold- propane and other gas liquids sales	$	(35,315)	$	—
	$	(22,872)		$	(35,315)	$	—


	For the year ended July 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	$	(48,184)	Cost of product sold- propane and other gas liquids sales	$	(12,868)	$	—
	$	(48,184)		$	(12,868)	$	—


	For the year ended July 31, 2018
				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	$	30,231	Cost of sales-propane and other gas liquids sales	$	24,714	$	—
Interest rate swap agreements		—			(395)
	$	30,231		$	24,319	$	—

The following table provides a summary of the effect on Ferrellgas, L.P.’s consolidated statements of comprehensive income for the years ended July 31, 2020, 2019 and 2018 due to the change in fair value of derivatives not designated as hedging instruments. There was no effect for the years ended July 31, 2020 and 2019.


	For the year ended July 31, 2018
	Amount of Gain (Loss)		Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments	Recognized in Income		Reclassified in Income
Commodity derivatives - crude oil	$	(3,470)	Cost of sales - midstream operations

The changes in derivatives included in AOCI for the years ended July 31, 2020, 2019 and 2018 were as follows:


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2020		2019		2018
Beginning balance	$	(14,756)	$	20,560	$	14,648
Change in value of risk management commodity derivatives		(22,872)		(48,184)		30,231
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		35,315		12,868		(24,714)
Reclassification of losses on interest rate hedges to interest expense		—		—		395
Ending balance	$	(2,313)	$	(14,756)	$	20,560

Ferrellgas, L.P. expects to reclassify net losses of approximately $2.2 million to earnings during the next 12 months. These net losses are expected to be offset by increased margins on propane sales commitments Ferrellgas, L.P. has with its customers that qualify for the normal purchase normal sale exception.

During the years ended July 31, 2020, 2019 and 2018, Ferrellgas, L.P. had no reclassifications to operations resulting from the discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of July 31, 2020, Ferrellgas, L.P. had financial derivative contracts covering 4.0 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

Derivative Financial Instruments Credit Risk

Ferrellgas, L.P. is exposed to credit loss in the event of nonperformance by counterparties to derivative financial and commodity instruments. Ferrellgas, L.P.’s counterparties principally consist of major energy companies and major U.S. financial institutions. Ferrellgas, L.P. maintains credit policies with regard to its counterparties that it believes reduce its overall credit risk. These policies include evaluating and monitoring its counterparties’ financial condition, including their credit ratings, and entering into agreements with counterparties that govern credit limits. Certain of these agreements call for the posting of collateral by the counterparty or by Ferrellgas, L.P. in the forms of letters of credit, parent guarantees or cash. Ferrellgas, L.P. has concentrations of credit risk associated with derivative financial instruments held by certain derivative financial instrument counterparties. If these counterparties that make up the concentration failed to perform according to the terms of their contracts at July 31, 2020, the maximum amount of loss due to credit risk that Ferrellgas, L.P. would incur, based upon the gross fair values of the derivative financial instruments, is zero.

From time to time Ferrellgas, L.P. enters into derivative contracts that have credit-risk-related contingent features which dictate credit limits based upon Ferrellgas, L.P.’s debt rating. There were no open derivative contracts with credit-risk-related contingent features as of July 31, 2020.

Transactions With Related Parties

12 Months Ended

Jul. 31, 2020

N. Transactions with related parties

Ferrellgas has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas’ partnership agreements, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas and all other necessary or appropriate expenses allocable to Ferrellgas or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas’ business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas’ behalf and are reported in the consolidated statements of operations as follows:


	For the year ended July 31,
	2020		2019		2018
Operating expense	$	260,427	$	256,190	$	243,407

General and administrative expense	$	29,859	$	25,368	$	28,282

See additional discussions about transactions with the general partner and related parties in Note J – Partners’ deficit.

Net Earnings (Loss) Per Common Unitholders' Interest

N. Transactions with related parties

Ferrellgas, L.P. has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas, L.P.’s partnership agreement, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas, L.P., and all other necessary or appropriate expenses allocable to Ferrellgas, L.P. or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas, L.P.’s business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas, L.P.’s behalf and are reported in the consolidated statements of operations as follows:


	For the year ended July 31,
	2020		2019		2018
Operating expense	$	260,427	$	256,190	$	243,407

General and administrative expense	$	29,859	$	25,368	$	28,282

See additional discussions about transactions with the general partner and related parties in Note J – Partners’ deficit.

Contingencies And Commitments	12 Months Ended
Contingencies And Commitments	Jul. 31, 2020
Loss Contingencies [Line Items]
Contingencies And Commitments	O. Contingencies and commitments Litigation Ferrellgas’ operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane and, prior to the sales of midstream operations in fiscal 2018, crude oil. As a result, at any given time, Ferrellgas can be threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, Ferrellgas is not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on the consolidated financial condition, results of operations and cash flows of Ferrellgas. Ferrellgas has been named as a defendant, along with a competitor, in putative class action lawsuits filed in multiple jurisdictions. The lawsuits, which were consolidated in the Western District of Missouri on October 16, 2014, allege that Ferrellgas and a competitor coordinated in 2008 to reduce the fill level in barbeque cylinders and combined to persuade a common customer to accept that fill reduction, resulting in increased cylinder costs to direct customers and end-user customers in violation of federal and certain state antitrust laws. The lawsuits seek treble damages, attorneys’ fees, injunctive relief and costs on behalf of the putative class. These lawsuits have been coordinated for pretrial purposes by the multidistrict litigation panel. The Federal Court for the Western District of Missouri initially dismissed all claims brought by direct and indirect customers other than state law claims of indirect customers under Wisconsin, Maine and Vermont law. The direct customer plaintiffs filed an appeal, which resulted in a reversal of the district court’s dismissal. We filed a petition for a writ of certiorari which was denied. An appeal by the indirect customer plaintiffs resulted in the court of appeals affirming the dismissal of the federal claims and remanding the case to the district court to decide whether to exercise supplemental jurisdiction over the remaining state law claims. Thereafter, in August 2019, Ferrellgas reached a settlement with the direct customers, pursuant to which it agreed to pay a total of $6.25 million to resolve all claims asserted by the putative direct purchaser class. With respect to the indirect customers, the district court exercised supplemental jurisdiction over the remaining state law claims, but then granted in part Ferrellgas’ pleadings-based motion and dismissed 11 of the 24 remaining state law claims. As a result, there are 13 remaining state law claims brought by a putative class of indirect customers. Ferrellgas believes it has strong defenses and intends to vigorously defend itself against these remaining claims. Ferrellgas does not believe loss is probable or reasonably estimable at this time related to the putative class action lawsuit. Ferrellgas and Bridger Logistics, LLC (“Bridger”), have been named, along with two former officers, in a lawsuit filed by Eddystone Rail Company ("Eddystone") on February 2, 2017 in the Eastern District of Pennsylvania (the "EDPA Lawsuit"). Eddystone indicated that it has prevailed in or settled an arbitration against Jamex Transfer Services (“JTS”), previously named Bridger Transfer Services, a former subsidiary of Bridger. The arbitration involved a claim against JTS for money due for deficiency payments under a contract for the use of an Eddystone facility used to offload crude from rail onto barges. Eddystone alleges that Ferrellgas transferred assets out of JTS prior to the sale of the membership interest in JTS to Jamex Transfer Holdings, and that those transfers should be avoided so that the assets can be used to satisfy the amount owed by JTS to Eddystone as a result of the arbitration. Eddystone also alleges that JTS was an “alter ego” of Bridger and Ferrellgas and that Bridger and Ferrellgas breached fiduciary duties owed to Eddystone as a creditor of JTS. Ferrellgas believes that Ferrellgas and Bridger have valid defenses to these claims and to Eddystone’s primary claim against JTS for breach of contract. The lawsuit does not specify a specific amount of damages that Eddystone is seeking; however, Ferrellgas believes that the amount of such damages, if ultimately owed to Eddystone, could be material to Ferrellgas. Ferrellgas intends to vigorously defend this claim. On August 24, 2017, Ferrellgas filed a third-party complaint against JTS, Jamex Transfer Holdings, and other related persons and entities (the "Third-Party Defendants"), asserting claims for breach of contract, indemnification of any losses in the EDPA Lawsuit, tortious interference with contract, and contribution. On June 25, 2018, Ferrellgas entered into an agreement with the Third-Party Defendants which, among other things, resulted in a dismissal of the claims against the Third-Party Defendants from the lawsuit. The lawsuit is in the discovery stage; as such, management does not currently believe a loss is probable or reasonably estimable at this time. Long-term debt-related commitments Ferrellgas has long and short-term payment obligations under agreements such as the indentures governing its senior notes. See Note I – Debt – for a description of these debt obligations and a schedule of future maturities.
Ferrellgas Partners Finance Corp. [Member]
Loss Contingencies [Line Items]
Contingencies And Commitments	B. Contingencies and commitments The Finance Corp. serves as co-issuer and co-obligor for debt securities of the Partnership. The Finance Corp. is liable as co-issuer and co-obligor for the $357 million aggregate principal amount of the Partnership’s unsecured senior notes due June 15, 2020, which the Partnership failed to repay, and which obligation is only reported on the Partnership’s consolidated balance sheet.
Ferrellgas, L.P. [Member]
Loss Contingencies [Line Items]
Contingencies And Commitments	O. Contingencies and commitments Litigation Ferrellgas, L.P.’s operations are subject to all operating hazards and risks normally incidental to handling, storing, transporting and otherwise providing for use by consumers of combustible liquids such as propane and, prior to the sales of midstream operations in fiscal 2018, crude oil. As a result, at any given time, Ferrellgas, L.P. can be threatened with or named as a defendant in various lawsuits arising in the ordinary course of business. Other than as discussed below, Ferrellgas, L.P. is not a party to any legal proceedings other than various claims and lawsuits arising in the ordinary course of business. It is not possible to determine the ultimate disposition of these matters; however, management is of the opinion that there are no known claims or contingent claims that are reasonably expected to have a material adverse effect on the consolidated financial condition, results of operations and cash flows of Ferrellgas, L.P. Ferrellgas, L.P. has been named as a defendant, along with a competitor, in putative class action lawsuits filed in multiple jurisdictions. The lawsuits, which were consolidated in the Western District of Missouri on October 16, 2014, allege that Ferrellgas and a competitor coordinated in 2008 to reduce the fill level in barbeque cylinders and combined to persuade a common customer to accept that fill reduction, resulting in increased cylinder costs to direct customers and end-user customers in violation of federal and certain state antitrust laws. The lawsuits seek treble damages, attorneys’ fees, injunctive relief and costs on behalf of the putative class. These lawsuits have been coordinated for pretrial purposes by the multidistrict litigation panel. The Federal Court for the Western District of Missouri initially dismissed all claims brought by direct and indirect customers other than state law claims of indirect customers under Wisconsin, Maine and Vermont law. The direct customer plaintiffs filed an appeal, which resulted in a reversal of the district court’s dismissal. We filed a petition for a writ of certiorari which was denied. An appeal by the indirect customer plaintiffs resulted in the court of appeals affirming the dismissal of the federal claims and remanding the case to the district court to decide whether to exercise supplemental jurisdiction over the remaining state law claims. Thereafter, in August 2019, Ferrellgas, L.P. reached a settlement with the direct customers, pursuant to which it agreed to pay a total of $6.25 million to resolve all claims asserted by the putative direct purchaser class. With respect to the indirect customers, the district court exercised supplemental jurisdiction over the remaining state law claims, but then granted in part Ferrellgas’ pleadings-based motion and dismissed 11 of the 24 remaining state law claims. As a result, there are 13 remaining state law claims brought by a putative class of indirect customers. Ferrellgas, L.P. believes it has strong defenses and intends to vigorously defend itself against these remaining claims. Ferrellgas, L.P. does not believe loss is probable or reasonably estimable at this time related to the putative class action lawsuit. Ferrellgas, L.P. and Bridger Logistics, LLC (“Bridger”), have been named, along with two former officers, in a lawsuit filed by Eddystone Rail Company ("Eddystone") on February 2, 2017 in the Eastern District of Pennsylvania (the "EDPA Lawsuit"). Eddystone indicated that it has prevailed in or settled an arbitration against Jamex Transfer Services (“JTS”), previously named Bridger Transfer Services, a former subsidiary of Bridger. The arbitration involved a claim against JTS for money due for deficiency payments under a contract for the use of an Eddystone facility used to offload crude from rail onto barges. Eddystone alleges that Ferrellgas transferred assets out of JTS prior to the sale of the membership interest in JTS to Jamex Transfer Holdings, and that those transfers should be avoided so that the assets can be used to satisfy the amount owed by JTS to Eddystone as a result of the arbitration. Eddystone also alleges that JTS was an “alter ego” of Bridger and Ferrellgas and that Bridger and Ferrellgas breached fiduciary duties owed to Eddystone as a creditor of JTS. Ferrellgas believes that Ferrellgas and Bridger have valid defenses to these claims and to Eddystone’s primary claim against JTS for breach of contract. The lawsuit does not specify a specific amount of damages that Eddystone is seeking; however, Ferrellgas believes that the amount of such damages, if ultimately owed to Eddystone, could be material to Ferrellgas. Ferrellgas intends to vigorously defend this claim. On August 24, 2017, Ferrellgas filed a third-party complaint against JTS, Jamex Transfer Holdings, and other related persons and entities (the "Third-Party Defendants"), asserting claims for breach of contract, indemnification of any losses in the EDPA Lawsuit, tortious interference with contract, and contribution. On June 25, 2018, Ferrellgas entered into an agreement with the Third-Party Defendants which, among other things, resulted in a dismissal of the claims against the Third-Party Defendants from the lawsuit. The lawsuit is in the discovery stage; as such, management does not currently believe a loss is probable or reasonably estimable at this time. Long-term debt-related commitments Ferrellgas, L.P. has long and short-term payment obligations under agreements such as the indentures governing its senior notes. See Note I – Debt – for a description of these debt obligations and a schedule of future maturities.
Ferrellgas Finance Corp. [Member]
Loss Contingencies [Line Items]
Contingencies And Commitments	B. Contingencies and commitments The Finance Corp. serves as co-issuer and co-obligor for debt securities of the Partnership. The Finance Corp. is liable as co-issuer and co-obligor for (i) the $500 million aggregate principal amount of the Partnership’s unsecured senior notes due 2021, (ii) the $475 million aggregate principal amount of the Partnership’s unsecured senior notes due 2022, and (iii) the $500 million aggregate principal amount of the Partnership’s unsecured senior notes due 2023, which obligations are only reported on the Partnership’s consolidated balance sheet.

Employee Benefits	12 Months Ended
Employee Benefits	Jul. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Benefits	P. Employee benefits Ferrellgas has no employees and is managed and controlled by its general partner. Ferrellgas assumes all liabilities, which include specific liabilities related to the following employee benefit plans for the benefit of the officers and employees of the general partner. Ferrell Companies makes contributions to the employee stock ownership trust (the “Trust”), which causes a portion of the shares of Ferrell Companies owned by the Trust to be allocated to employees’ accounts over time. The allocation of Ferrell Companies’ shares to employee accounts causes a non-cash compensation charge to be incurred by Ferrellgas, equivalent to the fair value of such shares allocated. This non-cash compensation charge is reported separately in Ferrellgas’ consolidated statements of operations and thus is excluded from operating and general and administrative expenses. The non-cash compensation charges were $2.9 million, $5.7 million and $13.9 million during fiscal 2020, 2019 and 2018, respectively. Ferrellgas is not obligated to fund or make contributions to the Trust. The general partner and its parent, Ferrell Companies, have a defined contribution 401(k) investment plan which covers substantially all employees. The plan, which qualifies under section 401(k) of the Internal Revenue Code, also provides for matching contributions under a cash or deferred arrangement based upon participant salaries and employee contributions to the plan. Matching contributions for fiscal 2020, 2019 and 2018 were $4.8 million, $4.6 million and $3.7 million, respectively. The general partner terminated its defined benefit plan on December 15, 2018 and distributed account balances to participants in the form of lump sum payments or annuity contracts in September, 2019. The defined benefit plan trust account was closed and all remaining funds were rolled into the Ferrell Companies, Inc. Employee Stock Ownership Trust as a plan contribution in December 2019. Prior to termination, this plan provided participants who were covered under a previously terminated plan with a guaranteed retirement benefit at least equal to the benefit they would have received under the prior terminated plan. Until July 31, 1999, benefits under the terminated plan were determined by years of credited service and salary levels. As of July 31, 1999, years of credited service and salary levels were frozen. The general partner’s prior funding policy for this plan was to contribute amounts deductible for Federal income tax purposes and invest the plan assets primarily in corporate stocks and bonds, U.S. Treasury bonds and short-term cash investments. During fiscal 2020, 2019 and 2018, other comprehensive income and other liabilities were adjusted by $(0.1) million, $(0.1) million and $0.1 million, respectively.
Ferrellgas, L.P. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Benefits	P. Employee benefits Ferrellgas, L.P. has no employees and is managed and controlled by its general partner. Ferrellgas, L.P. assumes all liabilities, which include specific liabilities related to the following employee benefit plans for the benefit of the officers and employees of the general partner. Ferrell Companies makes contributions to the employee stock ownership trust (the “Trust”), which causes a portion of the shares of Ferrell Companies owned by the Trust to be allocated to employees’ accounts over time. The allocation of Ferrell Companies’ shares to employee accounts causes a non-cash compensation charge to be incurred by Ferrellgas, L.P., equivalent to the fair value of such shares allocated. This non-cash compensation charge is reported separately in Ferrellgas, L.P.’s consolidated statements of operations and thus is excluded from operating and general and administrative expenses. The non-cash compensation charges were $2.9 million, $5.7 million and $13.9 million during fiscal 2020, 2019 and 2018, respectively. Ferrellgas, L.P. is not obligated to fund or make contributions to the Trust. The general partner and its parent, Ferrell Companies, have a defined contribution 401(k) investment plan which covers substantially all employees. The plan, which qualifies under section 401(k) of the Internal Revenue Code, also provides for matching contributions under a cash or deferred arrangement based upon participant salaries and employee contributions to the plan. Matching contributions for fiscal 2020, 2019 and 2018 were $4.8 million, $4.6 million and $3.7 million, respectively. The general partner terminated its defined benefit plan on December 15, 2018 and distributed account balances to participants in the form of lump sum payments or annuity contracts in September, 2019. The defined benefit plan trust account was closed and all remaining funds were rolled into the Ferrell Companies, Inc. Employee Stock Ownership Trust as a plan contribution in December 2019. Prior to termination, this plan provided participants who were covered under a previously terminated plan with a guaranteed retirement benefit at least equal to the benefit they would have received under the prior terminated plan. Until July 31, 1999, benefits under the terminated plan were determined by years of credited service and salary levels. As of July 31, 1999, years of credited service and salary levels were frozen. The general partner’s prior funding policy for this plan was to contribute amounts deductible for Federal income tax purposes and invest the plan assets primarily in corporate stocks and bonds, U.S. Treasury bonds and short-term cash investments. During fiscal 2020, 2019 and 2018, other comprehensive income and other liabilities were adjusted by $(0.1) million, $(0.1) million and $0.1 million, respectively.

Net Earnings (Loss) Per Common Unitholders' Interest

12 Months Ended

Jul. 31, 2020

Earnings Per Share [Abstract]

Q. Net loss per common unitholders’ interest

Ferrellgas Partners is currently restricted by its debt covenants from making distributions to common unitholders. See Note I – Debt – for details regarding these restrictions. Below is a calculation of the basic and diluted net loss per common unitholders’ interest in the consolidated statements of operations for the periods indicated. In accordance with guidance issued by the FASB regarding participating securities and the two-class method, Ferrellgas calculates net loss per common unitholders’ interest for each period presented according to distributions declared and participation rights in undistributed earnings, as if all of the earnings or loss for the period had been distributed. Due to the seasonality of Ferrellgas’ business, the dilutive effect of the two-class method typically impacts only the three months ended January 31. In periods with undistributed earnings above certain levels, the calculation according to the two-class method results in an increased allocation of undistributed earnings to the general partner and a dilution of the earnings to the limited partners as follows.


	Ratio of total distributions payable to:
Quarterly distribution per common unit	Common unitholder		General partner
$0.56 to $0.63	86.9	%	13.1	%
$0.64 to $0.82	76.8	%	23.2	%
$0.83 and above	51.5	%	48.5	%

There was not a dilutive effect resulting from this guidance on basic and diluted net earnings per common unitholders’ interest for fiscal 2020, 2019 and 2018.

In periods with net losses, the allocation of the net losses to the limited partners and the general partner will be determined based on the same allocation basis specified in Ferrellgas Partners’ partnership agreement that would apply to periods in which there were no undistributed earnings. Additionally, in periods with net losses, there are no dilutive securities.


	For the year ended July 31,
	2020		2019		2018

Common unitholders’ interest in net loss	$	(81,674)	$	(63,605)	$	(252,035)
Weighted average common units outstanding (in thousands)		97,152.7		97,152.7		97,152.7
Basic and diluted net loss per common unit	$	(0.84)	$	(0.65)	$	(2.59)

Income Taxes	12 Months Ended
Income Taxes	Jul. 31, 2020
Ferrellgas Partners Finance Corp. [Member]
Income Tax Disclosure [Line Items]
Income Taxes	Income taxes Income taxes have been computed separately as the Finance Corp. files its own income tax return. Deferred income taxes are provided as a result of temporary differences between financial and tax reporting using the asset/liability method. Deferred income taxes are recognized for the tax consequences of temporary differences between the financial statement carrying amounts and tax basis of existing assets and liabilities. Due to the inability of the Finance Corp. to utilize the deferred tax benefit of $7,606 associated with the net operating loss carryforward of $36,221 generated during and prior to fiscal 2020, a valuation allowance has been provided on the full amount of the deferred tax asset. Accordingly, there is no net deferred tax benefit for fiscal 2020, 2019 or 2018, and there is no net deferred tax asset as of July 31, 2020 and 2019. The net operating loss carryforwards generated during and after fiscal 2018 are carried forward indefinitely, but are limited to 80% of the taxable income in any one period. The net operating losses generated prior to July 31, 2018 are subject to prior tax law and will expire at various dates through July 31, 2037.
Ferrellgas Finance Corp. [Member]
Income Tax Disclosure [Line Items]
Income Taxes	Income taxes Income taxes have been computed separately as the Finance Corp. files its own income tax return. Deferred income taxes are provided as a result of temporary differences between financial and tax reporting using the asset/liability method. Deferred income taxes are recognized for the tax consequences of temporary differences between the financial statement carrying amounts and tax basis of existing assets and liabilities. Due to the inability of the Finance Corp. to utilize the deferred tax benefit of $17,426 associated with the net operating loss carryforward of $82,979 generated prior to fiscal 2020, a valuation allowance has been provided on the full amount of the deferred tax asset. Accordingly, there is no net deferred tax benefit for fiscal 2020, 2019 or 2018, and there is no net deferred tax asset as of July 31, 2020 and 2019. The net operating loss carryforwards generated during and after fiscal 2018 are carried forward indefinitely, but are limited to 80% of the taxable income in any one period. The net operating losses generated prior to July 31, 2018 are still subject to prior tax law and will expire at various dates through July 31, 2037.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Interim Period, Costs Not Allocable [Line Items]

Quarterly Data (Unaudited)

12 Months Ended

Jul. 31, 2020

Quarterly Data

R. Quarterly data (unaudited)

The following summarized unaudited quarterly data includes all adjustments (consisting only of normal recurring adjustments, with the exception of those items indicated below), which Ferrellgas considers necessary for a fair presentation. Due to the seasonality of the propane distribution business, first and fourth quarter Revenues, gross margin from propane and other gas liquids sales, Net earnings (loss) attributable to Ferrellgas Partners and common unitholders’ interest in net earnings (loss) are consistently less than the second and third quarter results. Other factors affecting the results of operations include competitive conditions, demand for product, timing of acquisitions, variations in the weather and fluctuations in propane prices. The sum of basic and diluted net earnings (loss) per common unitholders’ interest by quarter may not equal the basic and diluted net earnings (loss) per common unitholders’ interest for the year due to variations in the weighted average units outstanding used in computing such amounts.


For the year ended July 31, 2020	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	293,214	$	510,833	$	412,130	$	281,649
Gross margin from propane and other gas liquids sales (a)		139,357		247,404		215,480		140,497
Net earnings (loss) (b)		(45,717)		48,791		(15,471)		(70,605)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(45,344)		48,207		(15,393)		(69,969)
Common unitholders’ interest in net earnings (loss)		(44,891)		47,725		(15,239)		(69,269)

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.46)	$	0.49	$	(0.16)	$	(0.71)


For the year ended July 31, 2019	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	352,309	$	573,377	$	479,625	$	279,081
Gross margin from propane and other gas liquids sales (a)		130,830		238,581		209,167		127,764
Net earnings (loss)		(57,508)		43,875		20,760		(71,672)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(57,015)		43,344		20,461		(71,037)
Common unitholders’ interest in net earnings (loss)		(56,445)		42,911		20,256		(70,327)

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.58)	$	0.44	$	0.21	$	(0.72)


For the year ended July 31, 2018	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	454,655	$	755,156	$	515,810	$	347,521
Gross margin from propane and other gas liquids sales (a)		123,243		229,321		190,883		126,115
Gross margin from midstream operations (c)		12,635		10,209		8,077		(4,161)
Net earnings (loss) (d)		(48,316)		(1,774)		11,062		(217,797)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(47,915)		(1,843)		10,861		(215,684)
Common unitholders’ interest in net earnings (loss)		(47,436)		(1,824)		10,752		(213,527)

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.49)	$	(0.02)	$	0.11	$	(2.20)

(a)

Gross margin from “Propane and other gas liquids sales” represents “Revenues - propane and other gas liquids sales” less “Cost of sales – propane and other gas liquids sales.”

(b)

Includes loss on extinguishment of debt of $37.4 million in the third quarter of fiscal 2020.

(c)

Gross margin from “Midstream operations” represents “Revenues - midstream operations” less “Cost of sales - midstream operations.”

(d)

Includes asset impairment charges of $10.0 million in the second quarter of fiscal 2018.

Interim Period, Costs Not Allocable [Line Items]

Quarterly Data

Q. Quarterly data (unaudited)


For the year ended July 31, 2020	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	293,214	$	510,833	$	412,130	$	281,649
Gross margin from propane and other gas liquids sales (a)		139,357		247,404		215,480		140,497
Net earnings (loss) (b)	$	(36,898)	$	57,756	$	(7,720)	$	(62,902)


For the year ended July 31, 2019	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	352,309	$	573,377	$	479,625	$	279,081
Gross margin from propane and other gas liquids sales (a)		130,830		238,581		209,167		127,764
Net earnings (loss)	$	(48,814)	$	52,617	$	29,554	$	(62,874)


For the year ended July 31, 2018	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	454,655	$	755,156	$	515,810	$	347,521
Gross margin from propane and other gas liquids sales (a)		123,243		229,321		190,883		126,115
Gross margin from midstream operations (c)		12,635		10,209		8,077		(4,161)
Net earnings (loss) (d)	$	(39,699)	$	6,847	$	19,840	$	(209,134)

(a)

Gross margin from “Propane and other gas liquids sales” represents “Revenues - propane and other gas liquids sales” less “Cost of sales – propane and other gas liquids sales.”

(b)

Includes loss on extinguishment of debt of $37.4 million in the third quarter of fiscal 2020.

(c)

Gross margin from “Midstream operations” represents “Revenues - midstream operations” less “Cost of sales - midstream operations.”

(d)

Includes asset impairment charges of $10.0 million in the second quarter of fiscal 2018.

Guarantor financial information

12 Months Ended

Jul. 31, 2020

Condensed Financial Statements, Captions [Line Items]

Guarantor financial information

Schedule 1

FERRELLGAS PARTNERS, L.P.
PARENT ONLY
BALANCE SHEETS
(in thousands, except unit data)


	July 31,
	2020		2019
ASSETS

Cash and cash equivalents	$	6	$	8
Prepaid expenses and other current assets		22		57
Total assets	$	28	$	65

LIABILITIES AND PARTNERS’ DEFICIT

Current portion of long-term debt	$	357,000	$	354,727
Other current liabilities		19,305		3,873
Investment in Ferrellgas, L.P.		823,765		772,698

Partners’ deficit
Common unitholders (97,152,665 units outstanding at 2020 and 2019)		(1,126,452)		(1,046,245)
General partner unitholder (989,926 units outstanding at 2020 and 2019)		(71,287)		(70,476)
Accumulated other comprehensive income loss		(2,303)		(14,512)
Total Ferrellgas Partners, L.P. partners’ deficit		(1,200,042)		(1,131,233)
Total liabilities and partners’ deficit	$	28	$	65

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF OPERATIONS

(in thousands)


	For the year ended July 31,
	2020		2019		2018
Equity in loss of Ferrellgas, L.P.	$	(49,261)	$	(29,219)	$	(219,902)
Operating, general and administrative expense		116		14		137

Operating loss		(49,377)		(29,233)		(220,039)

Interest expense		(33,073)		(34,984)		(34,521)
Income tax expense		49		30		21
Net loss	$	(82,499)	$	(64,247)	$	(254,581)

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF CASH FLOWS

(in thousands)


	For the year ended July 31,
	2020		2019		2018
Cash flows from operating activities:
Net loss attributable to Ferrellgas Partners, L.P.	$	(82,499)	$	(64,247)	$	(254,581)
Reconciliation of net loss to net cash used in operating activities:
Other		17,749		4,141		3,673
Equity in loss of Ferrellgas, L.P.		49,261		29,219		219,902
Net cash used in operating activities		(15,489)		(30,887)		(31,006)

Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.		15,496		40,706		70,246
Cash contributed to Ferrellgas, L.P.		—		—		—
Net cash provided by (used in) investing activities		15,496		40,706		70,246

Cash flows from financing activities:
Distributions paid to common and general partner unitholders		—		(9,814)		(39,254)
Cash paid for financing costs		(9)		—		(42)
Net cash provided by (used in) financing activities		(9)		(9,814)		(39,296)

Decrease in cash and cash equivalents		(2)		5		(56)
Cash and cash equivalents - beginning of year		8		3		59
Cash and cash equivalents - end of year	$	6	$	8	$	3

Condensed Financial Statements, Captions [Line Items]

Guarantor financial information

R. Guarantor financial information

The $500.0 million aggregate principal amount of registered 6.75% senior notes due 2023 co-issued by Ferrellgas, L.P. and Ferrellgas Finance Corp. are fully and unconditionally and jointly and severally guaranteed by all of Ferrellgas, L.P.’s 100% owned subsidiaries except: (i) Ferrellgas Finance Corp; (ii) certain special purposes subsidiaries formed for use in connection with our accounts receivable securitization; and (iii) foreign subsidiaries. Guarantees of these senior notes will be released under certain circumstances, including (i) in connection with any sale or other disposition of (a) all or substantially all of the assets of a guarantor or (b) all of the capital stock of such guarantor (including by way of merger or consolidation), in each case, to a person that is not Ferrellgas, L.P. or a restricted subsidiary of Ferrellgas, L.P., (ii) if Ferrellgas, L.P. designates any restricted subsidiary that is a guarantor as an unrestricted subsidiary, (iii) upon defeasance or discharge of the notes, (iv) upon the liquidation or dissolution of such guarantor, or (v) at such time as such guarantor ceases to guarantee any other indebtedness of either of the issuers and any other guarantor.

The guarantor financial information discloses in separate columns the financial position, results of operations and the cash flows of Ferrellgas, L.P. (Parent), Ferrellgas Finance Corp. (co-issuer), Ferrellgas, L.P.’s guarantor subsidiaries on a combined basis, and Ferrellgas, L.P.’s non-guarantor subsidiaries on a combined basis. The dates and the periods presented in the guarantor financial information are consistent with the periods presented in Ferrellgas, L.P.’s consolidated financial statements.

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 loss		(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

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)


	As of July 31, 2019
	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	$	11,045	$	1	$	—	$	—	$	—	$	11,046
Accounts and notes receivable, net		(3,912)		—		35		111,473		—		107,596
Intercompany receivables		(5,650)		—		—		—		5,650		—
Inventories		80,454		—		—		—		—		80,454
Prepaid expenses and other current assets		42,158		—		(1)		—		—		42,157
Total current assets		124,095		1		34		111,473		5,650		241,253

Property, plant and equipment, net		596,724		—		(1)		—		—		596,723
Goodwill, net		247,195		—		—		—		—		247,195
Intangible assets, net		108,557		—		—		—		—		108,557
Investments in consolidated subsidiaries		52,999		—		—		—		(52,999)		—
Other assets, net		65,447		—		2,875		783		—		69,105
Total assets	$	1,195,017	$	1	$	2,908	$	112,256	$	(47,349)	$	1,262,833

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	33,252	$	—	$	—	$	112	$	—	$	33,364
Short-term borrowings		43,000		—		—		—		—		43,000
Collateralized note payable		—		—		—		62,000		—		62,000
Intercompany payables		—		—		(192)		(5,458)		5,650		—
Current portion of long-term debt		277,029		—		—		—		—		277,029
Other current liabilities		128,666		—		20		5,617		—		134,303
Total current liabilities		481,947		—		(172)		62,271		5,650		549,696

Long-term debt		1,457,004		—		—		—		—		1,457,004
Other liabilities		36,469		—		67		—		—		36,536
Contingencies and commitments

Partners' capital (deficit):
Partners' equity		(765,756)		1		3,013		49,985		(52,999)		(765,756)
Accumulated other comprehensive income		(14,647)		—		—		—		—		(14,647)
Total partners' capital (deficit)		(780,403)		1		3,013		49,985		(52,999)		(780,403)
Total liabilities and partners' capital (deficit)	$	1,195,017	$	1	$	2,908	$	112,256	$	(47,349)	$	1,262,833

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)


	For the year ended July 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	$	1,415,791	$	—	$	—	$	—	$	—	$	1,415,791
Other		82,035		—		—		—		—		82,035
Total revenues		1,497,826		—		—		—		—		1,497,826

Costs and expenses:
Cost of sales - propane and other gas liquids sales		673,053		—		—		—		—		673,053
Cost of sales - other		13,003		—		—		—		—		13,003
Operating expense - personnel, vehicle, plant and other		493,055		—		—		3,950		(3,950)		493,055
Operating expense - equipment lease expense		33,017		—		—		—		—		33,017
Depreciation and amortization expense		80,025		—		—		456		—		80,481
General and administrative expense		45,630		6		—		—		—		45,636
Non-cash employee stock ownership plan compensation charge		2,871		—		—		—		—		2,871
Loss on asset sales and disposals		7,924		—		—		—		—		7,924

Operating income (loss)		149,248		(6)		—		(4,406)		3,950		148,786

Interest expense		(156,286)		—		—		(3,603)		—		(159,889)
Loss on extinguishment of debt		(37,399)		—		—		—		—		(37,399)
Other income (expense), net		(360)		—		(100)		5,671		(5,671)		(460)

Earnings (loss) before income taxes		(44,797)		(6)		(100)		(2,338)		(1,721)		(48,962)

Income tax expense		802		—		—		—		—		802
Equity in earnings (loss) of subsidiary		(2,444)		—		—		—		2,444		—

Net earnings (loss)		(48,043)		(6)		(100)		(2,338)		723		(49,764)

Other comprehensive loss		12,334		—		—		—		—		12,334

Comprehensive income (loss)	$	(35,709)	$	(6)	$	(100)	$	(2,338)	$	723	$	(37,430)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)


	For the year ended July 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	$	1,608,858	$	—	$	—	$	—	$	—	$	1,608,858
Other		75,485		—		49		—		—		75,534
Total revenues		1,684,343		—		49		—		—		1,684,392

Costs and expenses:
Cost of sales - propane and other gas liquids sales		902,516		—		—		—		—		902,516
Cost of sales - other		11,292		—		114		—		—		11,406
Operating expense - personnel, vehicle, plant and other		469,652		—		37		3,589		(4,410)		468,868
Operating expense - equipment lease expense		33,073		—		—		—		—		33,073
Depreciation and amortization expense		78,400		—		—		446		—		78,846
General and administrative expense		59,974		6		—		—		—		59,980
Non-cash employee stock ownership plan compensation charge		5,693		—		—		—		—		5,693
Loss on asset sales and disposals		8,289		—		2,679		—		—		10,968

Operating income (loss)		115,454		(6)		(2,781)		(4,035)		4,410		113,042

Interest expense		(132,929)		—		(38)		(9,668)		—		(142,635)
Other income (expense), net		428		—		(59)		4,410		(4,410)		369

Earnings (loss) before income taxes		(17,047)		(6)		(2,878)		(9,293)		—		(29,224)

Income tax expense (benefit)		105		—		188		—		—		293
Equity in earnings (loss) of subsidiary		(12,365)		—		—		—		12,365		—

Net earnings (loss)		(29,517)		(6)		(3,066)		(9,293)		12,365		(29,517)

Other comprehensive loss		(35,380)		—		—		—		—		(35,380)

Comprehensive income (loss)	$	(64,897)	$	(6)	$	(3,066)	$	(9,293)	$	12,365	$	(64,897)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)


	For the year ended July 31, 2018
	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	$	1,642,155	$	—	$	821	$	—	$	—	$	1,642,976
Midstream operations		—		—		282,319		—		—		282,319
Other		72,954		—		74,893		—		—		147,847
Total revenues		1,715,109		—		358,033		—		—		2,073,142

Costs and expenses:
Cost of sales - propane and other gas liquids sales		972,467		—		947		—		—		973,414
Cost of sales - midstream operations		—		—		255,559		—		—		255,559
Cost of sales - other		10,111		—		58,543		—		—		68,654
Operating expense - personnel, vehicle, plant and other		436,962		—		37,617		4,755		(7,586)		471,748
Operating expense - equipment lease expense		27,939		—		333		—		—		28,272
Depreciation and amortization expense		75,163		—		26,317		315		—		101,795
General and administrative expense		48,337		5		5,922		—		—		54,264
Non-cash employee stock ownership plan compensation charge		13,859		—		—		—		—		13,859
Asset impairments		—		—		10,005		—		—		10,005
Loss on asset sales and disposals		8,978		—		178,421		—		—		187,399

Operating income (loss)		121,293		(5)		(215,631)		(5,070)		7,586		(91,827)

Interest expense		(86,646)		—		(43,247)		(4,053)		—		(133,946)
Other income (expense), net		(234)		—		1,162		7,586		(7,586)		928

Earnings (loss) before income taxes		34,413		(5)		(257,716)		(1,537)		—		(224,845)

Income tax expense		222		—		(2,921)		—		—		(2,699)
Equity in earnings (loss) of subsidiaries		(256,337)		—		—		—		256,337		—

Net earnings (loss)		(222,146)		(5)		(254,795)		(1,537)		256,337		(222,146)

Other comprehensive loss		5,969		—		—		—		—		5,969

Comprehensive income (loss)	$	(216,177)	$	(5)	$	(254,795)	$	(1,537)	$	256,337	$	(216,177)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)


	For the year ended July 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	$	75,882	$	(6)	$	425	$	(11,480)	$	63,510	$	128,331

Cash flows from investing activities:
Business acquisitions, net of cash acquired		(10,195)		—		—		—		—		(10,195)
Capital expenditures		(70,455)		—		—		—		—		(70,455)
Proceeds from sale of assets		4,472		—		—		—		—		4,472
Cash collected for purchase of interest in accounts receivable		—		—		—		841,142		(841,142)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(777,632)		777,632		—
Intercompany loan to affiliate		(11,061)		—		—		—		11,061		—
Cash payments to construct assets in connection with future lease transactions		(37,042)		—		—		—		—		(37,042)
Cash receipts in connection with leased vehicles		41,924		—		—		—		—		41,924
Net cash provided by (used in) investing activities		(82,357)		—		—		63,510		(52,449)		(71,296)

Cash flows from financing activities:
Distributions		(15,654)		—		—		—		—		(15,654)
Proceeds from increase in long-term debt		703,750		—		—		—		—		703,750
Payments on long-term debt		(285,857)		—		—		—		—		(285,857)
Net reductions to short-term borrowings		(43,000)		—		—		—		—		(43,000)
Net reduction in collateralized short-term borrowings		—		—		—		(62,000)		—		(62,000)
Net changes in advances with consolidated entities		—		6		(425)		11,480		(11,061)		—
Cash paid for financing costs		(29,449)		—		—		—		—		(29,449)
Cash payments for principal portion of finance lease liability		(2,116)		—		—		—		—		(2,116)
Net cash provided by (used in) financing activities		327,674		6		(425)		(50,520)		(11,061)		265,674

Net change in cash and cash equivalents		321,199		—		—		1,510		—		322,709
Cash and cash equivalents - beginning of year		11,045		1		—		—		—		11,046
Cash, cash equivalents and restricted cash - end of year	$	332,244	$	1	$	—	$	1,510	$	—	$	333,755

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)


	For the year ended July 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	$	25,796	$	(6)	$	24,889	$	(717)	$	(4,000)	$	45,962

Cash flows from investing activities:
Business acquisitions, net of cash acquired		(13,551)		—		—		—		—		(13,551)
Capital expenditures		(108,822)		—		—		—		—		(108,822)
Proceeds from sale of assets		5,699		—		—		—		—		5,699
Cash collected for purchase of interest in accounts receivable		—		—		—		1,258,050		(1,258,050)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(1,262,050)		1,262,050		—
Net changes in advances with consolidated entities		—		—		—		—		—		—
Intercompany loan to affiliate		24,328		—		—		—		(24,328)		—
Cash payment to construct assets in connection with future lease transactions		(9,934)		—		—		—		—		(9,934)
Cash receipts in connection with leased vehicles		862		—		—		—		—		862
Other		1,419		—		—		—		—		1,419
Net cash provided by (used in) investing activities		(99,999)		—		—		(4,000)		(20,328)		(124,327)

Cash flows from financing activities:
Distributions		(41,121)		—		—		—		—		(41,121)
Payments on long-term debt		(2,428)		—		—		—		—		(2,428)
Net additions in short-term borrowings		10,200		—		—		—		—		10,200
Net additions to collateralized short-term borrowings		—		—		—		4,000		—		4,000
Net changes in advances with consolidated entries		—		6		(25,063)		729		24,328		—
Cash paid for financing costs		(536)		—		—		(12)		—		(548)
Net cash provided by (used in) financing activities		(33,885)		6		(25,063)		4,717		24,328		(29,897)

Net change in cash and cash equivalents		(108,088)		—		(174)		—		—		(108,262)
Cash and cash equivalents - beginning of year		119,133		1		174		—		—		119,308
Cash and cash equivalents - end of year	$	11,045	$	1	$	—	$	—	$	—	$	11,046

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)


	For the year ended July 31, 2018
	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	$	139,294	$	(5)	$	(48,708)	$	3,573	$	11,000	$	105,154

Cash flows from investing activities:
Business acquisitions, net of cash acquired		(18,141)		—		—		—		—		(18,141)
Capital expenditures		(81,114)		—		(3,805)		—		—		(84,919)
Proceeds from sale of assets		7,327		—		145,260		—		—		152,587
Cash collected for purchase of interest in accounts receivable		—		—		—		1,226,211		(1,226,211)		—
Cash remitted to Ferrellgas, L.P for accounts receivable		—		—		—		(1,215,211)		1,215,211		—
Net changes in advances with consolidated entities		96,514		—		—		—		(96,514)		—
Net cash provided by (used in) investing activities		4,586		—		141,455		11,000		(107,514)		49,527

Cash flows from financing activities:
Distributions		(70,962)		—		—		—		—		(70,962)
Proceeds from increase of long-term debt		323,680		—		—		—		—		323,680
Payments on long-term debt		(212,920)		—		—		—		—		(212,920)
Net reductions to short-term borrowings		(51,379)		—		—		—		—		(51,379)
Net additions in collateralized short-term borrowings		—		—		—		(11,000)		—		(11,000)
Net changes in advances with parent		—		5		(92,946)		(3,573)		96,514		—
Cash paid for financing costs		(18,493)		—		—		—		—		(18,493)
Net cash provided by (used in) financing activities		(30,074)		5		(92,946)		(14,573)		96,514		(41,074)

Net change in cash and cash equivalents		113,806		—		(199)		—		—		113,607
Cash and cash equivalents - beginning of year		5,327		1		373		—		—		5,701
Cash and cash equivalents - end of year	$	119,133	$	1	$	174	$	—	$	—	$	119,308

Subsequent Events	12 Months Ended
Subsequent Events	Jul. 31, 2020
Subsequent Event [Line Items]
Subsequent Events	S. Subsequent events Ferrellgas has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas’ consolidated financial statements were issued and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements.
Ferrellgas Partners Finance Corp. [Member]
Subsequent Event [Line Items]
Subsequent Events	Subsequent events The Finance Corp. has evaluated events and transactions occurring after the balance sheet date through the date the Finance Corp.’s consolidated financial statements were issued, and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements.
Ferrellgas, L.P. [Member]
Subsequent Event [Line Items]
Subsequent Events	S. Subsequent events Ferrellgas, L.P. has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas, L.P.’s consolidated financial statements were issued and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements.
Ferrellgas Finance Corp. [Member]
Subsequent Event [Line Items]
Subsequent Events	Subsequent events The Finance Corp. has evaluated events and transactions occurring after the balance sheet date through the date the Finance Corp.’s consolidated financial statements were issued, and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements.

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows

12 Months Ended

Jul. 31, 2020

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Guarantor financial information

Schedule 1

FERRELLGAS PARTNERS, L.P.
PARENT ONLY
BALANCE SHEETS
(in thousands, except unit data)


	July 31,
	2020		2019
ASSETS

Cash and cash equivalents	$	6	$	8
Prepaid expenses and other current assets		22		57
Total assets	$	28	$	65

LIABILITIES AND PARTNERS’ DEFICIT

Current portion of long-term debt	$	357,000	$	354,727
Other current liabilities		19,305		3,873
Investment in Ferrellgas, L.P.		823,765		772,698

Partners’ deficit
Common unitholders (97,152,665 units outstanding at 2020 and 2019)		(1,126,452)		(1,046,245)
General partner unitholder (989,926 units outstanding at 2020 and 2019)		(71,287)		(70,476)
Accumulated other comprehensive income loss		(2,303)		(14,512)
Total Ferrellgas Partners, L.P. partners’ deficit		(1,200,042)		(1,131,233)
Total liabilities and partners’ deficit	$	28	$	65

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF OPERATIONS

(in thousands)


	For the year ended July 31,
	2020		2019		2018
Equity in loss of Ferrellgas, L.P.	$	(49,261)	$	(29,219)	$	(219,902)
Operating, general and administrative expense		116		14		137

Operating loss		(49,377)		(29,233)		(220,039)

Interest expense		(33,073)		(34,984)		(34,521)
Income tax expense		49		30		21
Net loss	$	(82,499)	$	(64,247)	$	(254,581)

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF CASH FLOWS

(in thousands)


	For the year ended July 31,
	2020		2019		2018
Cash flows from operating activities:
Net loss attributable to Ferrellgas Partners, L.P.	$	(82,499)	$	(64,247)	$	(254,581)
Reconciliation of net loss to net cash used in operating activities:
Other		17,749		4,141		3,673
Equity in loss of Ferrellgas, L.P.		49,261		29,219		219,902
Net cash used in operating activities		(15,489)		(30,887)		(31,006)

Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.		15,496		40,706		70,246
Cash contributed to Ferrellgas, L.P.		—		—		—
Net cash provided by (used in) investing activities		15,496		40,706		70,246

Cash flows from financing activities:
Distributions paid to common and general partner unitholders		—		(9,814)		(39,254)
Cash paid for financing costs		(9)		—		(42)
Net cash provided by (used in) financing activities		(9)		(9,814)		(39,296)

Decrease in cash and cash equivalents		(2)		5		(56)
Cash and cash equivalents - beginning of year		8		3		59
Cash and cash equivalents - end of year	$	6	$	8	$	3

Schedule II Valuation And Qualifying Accounts

12 Months Ended

Jul. 31, 2020

Valuation and Qualifying Accounts Disclosure [Line Items]

Schedule II Valuation And Qualifying Accounts

FERRELLGAS PARTNERS, L.P. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


	Balance at		Charged to					Balance
	beginning		cost and					at end
Description	of period		expenses		Other			of period
Year ended July 31, 2020
Allowance for doubtful accounts	$	2,463	$	2,279	$	9,382	(1)	$	14,124
Year ended July 31, 2019
Allowance for doubtful accounts	$	2,455	$	1,525	$	(1,517)	(1)	$	2,463
Year ended July 31, 2018
Allowance for doubtful accounts	$	1,976	$	1,778	$	(1,299)	(1)	$	2,455

(1)

Uncollectible accounts written off, net of recoveries.

Valuation and Qualifying Accounts Disclosure [Line Items]

Schedule II Valuation And Qualifying Accounts

FERRELLGAS, L.P. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


	Balance at		Charged to					Balance
	beginning		cost and					at end
Description	of period		expenses		Other			of period
Year ended July 31, 2020
Allowance for doubtful accounts	$	2,463	$	2,279	$	9,382	(1)	$	14,124
Year ended July 31, 2019
Allowance for doubtful accounts	$	2,455	$	1,525	$	(1,517)	(1)	$	2,463
Year ended July 31, 2018
Allowance for doubtful accounts	$	1,976	$	1,778	$	(1,299)	(1)	$	2,455

(1)

Uncollectible accounts written off, net of recoveries.

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Jul. 31, 2020

Principles of consolidation

Accounting estimates

Principles of consolidation: The accompanying consolidated financial statements present the consolidated financial position, results of operations and cash flows of Ferrellgas Partners, its wholly-owned subsidiary, Ferrellgas Partners Finance Corp., and the operating partnership, its majority-owned subsidiary, after elimination of all intercompany accounts and transactions. We have determined that the operating partnership is a variable interest entity for whom Ferrellgas Partners has no ability through voting rights or similar rights to make decisions and thus does not have the power to direct the activities of the operating partnership that most significantly impact economic performance. However, we have determined that the accounts of Ferrellgas Partners’ majority-owned subsidiary should be included because Ferrellgas Partners is most closely associated with the operations of the operating partnership due to the fact that Ferrellgas Partners has the obligation to absorb the losses of and the right to receive benefits from the operating partnership that are significant to the operating partnership and substantially all the assets and liabilities of Ferrellgas Partners consist of the operating partnership. The operating partnership includes the accounts of its wholly-owned subsidiaries. The general partner’s approximate 1% general partner interest in the operating partnership is accounted for as a noncontrolling interest. The wholly-owned consolidated subsidiary of the operating partnership, Ferrellgas Receivables, LLC (“Ferrellgas Receivables”), is a special purpose entity that has agreements with the operating partnership to securitize, on an ongoing basis, a portion of its trade accounts receivable.

Certain prior-year amounts have been reclassified to conform to the current-year presentation.

Fair value measurements

Fair value measurements: Ferrellgas measures certain of its assets and liabilities at fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants – in either the principal market or the most advantageous market. The principal market is the market with the greatest level of activity and volume for the asset or liability.

Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable.

Accounts receivable

Accounts receivable securitization

Accounts receivable securitization: Through its wholly-owned and consolidated subsidiary Ferrellgas Receivables, Ferrellgas has agreements to securitize, on an ongoing basis, substantially all of its trade accounts receivable.

Inventories

Inventories: Inventories are stated at the lower of cost or net realizable value using weighted average cost and actual cost methods.

Property, plant and equipment

Property, plant and equipment: Property, plant and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and routine repairs are expensed as incurred. Ferrellgas capitalizes computer software, equipment replacement and betterment expenditures that upgrade, replace or completely rebuild major mechanical components and extend the original useful life of the equipment. Depreciation is calculated using the straight-line method based on the estimated useful lives of the assets ranging from two to 30 years. Ferrellgas, using its best estimates based on reasonable and supportable assumptions and projections, tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of its assets or asset groups might not be recoverable. The recoverability tests for property, plant and equipment are performed at the asset group level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The recoverability test is performed by determining the carrying value of the asset group and comparing it to the estimated expected undiscounted future cash flows of the asset group. The expected future cash flows are estimated based on Ferrellgas management’s plans. If the carrying value exceeds the expected undiscounted future cash flows, an impairment loss is recognized for the difference between the estimated fair market value and the carrying value of the asset group.

Goodwill

Goodwill: Ferrellgas records goodwill as the excess of the cost of acquisitions over the fair value of the related net assets at the date of acquisition. Ferrellgas tests goodwill for impairment annually during the second quarter or more frequently if events or changes in circumstances indicate that it is more likely than not the fair value of a reporting unit is less than the carrying value. Ferrellgas has determined that it has two reporting units for goodwill impairment testing purposes. As of July 31, 2020, one of these reporting units contains goodwill that is subject to at least an annual assessment for impairment by applying a fair-value-based test. Under this test, the carrying value of each reporting unit is determined by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units as of the date of the evaluation on a specific identification basis. To the extent a reporting unit’s carrying value exceeds its fair value, the reporting unit’s goodwill is impaired. The amount of impairment would be equal to the lesser of the excess of reporting unit carrying value over its fair value and the reporting unit’s recorded amount of goodwill. Ferrellgas completed its most recent annual goodwill impairment test on January 31, 2020 and did not incur an impairment loss.

Intangible assets

Intangible assets: Intangible assets with finite useful lives, consisting primarily of customer related assets and non-compete agreements, permits, favorable lease arrangements and patented technology are stated at cost, net of accumulated amortization calculated using the straight-line method over periods ranging from two to 15 years. When necessary, intangible assets’ useful lives are revised and the impact on amortization reflected on a prospective basis. Trade names and trademarks have indefinite lives, are not amortized, and are stated at cost. Ferrellgas tests finite-lived intangible assets for impairment when events or changes in circumstances indicate that the carrying amount of these assets or asset groups might not be recoverable. Ferrellgas tests indefinite-lived intangible assets for impairment annually on January 31 or more frequently if circumstances dictate. The recoverability tests for definite-lived intangible assets are performed at the asset group level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The recoverability test is performed by determining the carrying value of the asset group and comparing it to the estimated expected undiscounted future cash flows of the asset group. The expected future cash flows are estimated based on Ferrellgas management’s plans. If the carrying value exceeds the expected undiscounted future cash flows, an impairment loss is recognized for the difference between the estimated fair market value and the carrying value of the asset group.

Derivative instruments and hedging activities

Derivative instruments and hedging activities:

Commodity and Transportation Fuel Price Risk.

Interest Rate Risk.

Revenue recognition

Revenue recognition: Revenues from Ferrellgas’ propane operations and related equipment sales segment are recognized at the time product is delivered with payments generally due 30 days after receipt. Amounts are considered past due after 30 days. Ferrellgas determines accounts receivable allowances based on management’s assessment of the creditworthiness of the customers and other collection actions. Ferrellgas offers “even pay” billing programs that can create customer deposits or advances. Revenue is recognized from these customer deposits or advances to customers at the time product is delivered. Other revenues, which include revenue from the sale of propane appliances and equipment is recognized at the time of delivery or installation. Ferrellgas recognizes shipping and handling revenues and expenses for sales of propane, appliances and equipment at the time of delivery or installation. Shipping and handling revenues are included in the price of propane charged to customers, and are classified as revenue. Revenues from annually billed, non-refundable propane tank rentals are recognized in “Revenues: other” on a straight-line basis over one year.

Shipping and handling expenses and cost of sales

Shipping and handling expenses: Shipping and handling expenses related to delivery personnel, vehicle repair and maintenance and general liability expenses are classified within “Operating expense – personnel, vehicle, plant and other” in the consolidated statements of operations. Depreciation expenses on delivery vehicles Ferrellgas owns are classified within “Depreciation and amortization expense.” Delivery vehicles and distribution technology under operating leases by Ferrellgas are classified within “Operating expense – equipment lease expense.” Delivery vehicles and distribution technology under finance leases by Ferrellgas are classified within “Depreciation and amortization expense.”

See Note F – Supplemental financial statement information – for the financial statement presentation of shipping and handling expenses.

Operating expenses

General and administrative expenses

Stock-based and unit option plans

(16) Stock-based plans:

Ferrell Companies, Inc. Incentive Compensation Plans (“ICPs”)

Income taxes

Income taxes: Ferrellgas Partners is a publicly-traded master limited partnership with one subsidiary that is a taxable corporation. The operating partnership is a limited partnership with three subsidiaries that are taxable corporations. Partnerships are generally not subject to federal income tax, although publicly-traded partnerships are treated as corporations for federal income tax purposes and therefore subject to Federal income tax unless a qualifying income test is satisfied. If this qualifying income test is satisfied, the publicly-traded partnership will be treated as a partnership for Federal income tax purposes. Based on Ferrellgas’ calculations, Ferrellgas Partners satisfies the qualifying income test. As a result, except for the taxable corporations, Ferrellgas Partners’ earnings or losses for Federal income tax purposes are included in the tax returns of the individual partners, Ferrellgas Partners’ unitholders. Accordingly, the accompanying consolidated financial statements of Ferrellgas Partners reflect federal income taxes related to the above mentioned taxable corporations and certain states that allow for income taxation of partnerships. Net earnings for financial statement purposes may differ significantly from taxable income reportable to Ferrellgas Partners unitholders as a result of differences between the tax basis and financial reporting basis of assets and liabilities, the taxable income allocation requirements under Ferrellgas Partners’ partnership agreement and differences between Ferrellgas Partners’ financial reporting fiscal year end and its calendar tax year end.

Income tax expense (benefit) consisted of the following:


	For the year ended July 31,
	2020		2019		2018
Current expense	$	297	$	180	$	1,140
Deferred expense (benefit)		554		143		(3,818)
Income tax expense (benefit)	$	851	$	323	$	(2,678)

Deferred taxes consisted of the following:


	July 31,
	2020		2019
Deferred tax assets (included in Other assets, net)	$	4	$	631
Deferred tax liabilities (included in Other liabilities)		(3)		(76)
Net deferred tax asset	$	1	$	555

Sales taxes

Sales taxes: Ferrellgas accounts for the collection and remittance of sales tax on a net tax basis. As a result, these amounts are not reflected in the consolidated statements of operations.

Net earnings (loss) per common unitholders' interest

Net loss per common unitholders’ interest: Net loss per common unitholders’ interest is computed by dividing “Net loss attributable to Ferrellgas Partners, L.P.,” after deducting the general partner’s approximate 1% interest, by the weighted average number of outstanding common units and the dilutive effect, if any, of outstanding unit options. See Note Q – Net loss per common unitholders’ interest – for further discussion about these calculations.

Loss contingencies

Loss contingencies: In the normal course of business, Ferrellgas is involved in various claims and legal proceedings. Ferrellgas records a liability for such matters when it is probable that a loss has been incurred and the amounts can be reasonably estimated. When only a range of possible loss can be established, the most probable amount in the range is accrued. If no amount within this range is a better estimate than any other amount within the range, the minimum amount in the range is accrued. Legal costs associated with loss contingencies are expensed as incurred.

New accounting standards

FASB Accounting Standard Update No. 2016‑02

FASB Accounting Standard Update No. 2016‑13

FASB Accounting Standard Update No. 2017‑12

Principles of consolidation

Accounting estimates

(1)

Principles of consolidation: The accompanying consolidated financial statements present the consolidated financial position, results of operations and cash flows of Ferrellgas, L.P. and its subsidiaries after elimination of all intercompany accounts and transactions. Ferrellgas, L.P. consolidates the following wholly-owned entities: Bridger Logistics, LLC, Sable Environmental, LLC, Sable SWD 2, LLC, Blue Rhino Global Sourcing, Inc., Blue Rhino Canada, Inc., Ferrellgas Real Estate, Inc., Ferrellgas Finance Corp. and Ferrellgas Receivables, LLC (“Ferrellgas Receivables”), a special purpose entity that has agreements with Ferrellgas, L.P. to securitize, on an ongoing basis, a portion of its trade accounts receivable.

Certain prior-year amounts have been reclassified to conform to the current-year presentation.

Fair value measurements

(1)

Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable.

Accounts receivable

(1)

Accounts receivable securitization

Inventories

Inventories: Inventories are stated at the lower of cost or net realizable value using weighted average cost and actual cost methods.

Property, plant and equipment

Goodwill

(1)

Intangible assets

(1)

Derivative instruments and hedging activities

(1)

Derivative instruments and hedging activities:

Commodity and Transportation Fuel Price Risk.

Interest Rate Risk.

Revenue recognition

(1)

Shipping and handling expenses and cost of sales

(1)

See Note F – Supplemental financial statement information – for the financial statement presentation of shipping and handling expenses.

(2)

Operating expenses

General and administrative expenses

Stock-based and unit option plans

(1)

Stock-based plans:

Ferrell Companies, Inc. Incentive Compensation Plans (“ICPs”)

Income taxes

(1)

Income tax expense (benefit) consisted of the following:


	For the year ended July 31,
	2020		2019		2018
Current expense	$	248	$	150	$	1,119
Deferred expense (benefit)		554		143		(3,818)
Income tax expense (benefit)	$	802	$	293	$	(2,699)

Deferred taxes consisted of the following:


	July 31,
	2020		2019
Deferred tax assets (included in Other assets, net)	$	4	$	631
Deferred tax liabilities (included in Other liabilities)		(3)		(76)
Net deferred tax asset	$	1	$	555

Sales taxes

Sales taxes: Ferrellgas, L.P. accounts for the collection and remittance of sales tax on a net tax basis. As a result, these amounts are not reflected in the consolidated statements of operations.

Loss contingencies

New accounting standards

(1)

FASB Accounting Standard Update No. 2016‑02

FASB Accounting Standard Update No. 2016‑13

FASB Accounting Standard Update No. 2017-12

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Jul. 31, 2020

Significant Accounting Policies [Line Items]

Summary Of Income Tax Expense


	For the year ended July 31,
	2020		2019		2018
Current expense	$	297	$	180	$	1,140
Deferred expense (benefit)		554		143		(3,818)
Income tax expense (benefit)	$	851	$	323	$	(2,678)

Deferred Tax Assets And Liabilities


	July 31,
	2020		2019
Deferred tax assets (included in Other assets, net)	$	4	$	631
Deferred tax liabilities (included in Other liabilities)		(3)		(76)
Net deferred tax asset	$	1	$	555

Significant Accounting Policies [Line Items]

Summary Of Income Tax Expense


	For the year ended July 31,
	2020		2019		2018
Current expense	$	248	$	150	$	1,119
Deferred expense (benefit)		554		143		(3,818)
Income tax expense (benefit)	$	802	$	293	$	(2,699)

Deferred Tax Assets And Liabilities


	July 31,
	2020		2019
Deferred tax assets (included in Other assets, net)	$	4	$	631
Deferred tax liabilities (included in Other liabilities)		(3)		(76)
Net deferred tax asset	$	1	$	555

Leases (Tables)

12 Months Ended

Jul. 31, 2020

Schedule of Lease Assets and Liabilities


Leases	Classification		July 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	107,349
Financing lease assets	Other assets, net		41,426
Total leased assets		$	148,775

Liabilities
Current
Operating	Current operating lease liabilities	$	29,345
Financing	Other current liabilities		6,955
Noncurrent
Operating	Operating lease liabilities		89,022
Financing	Other liabilities		33,473
Total leased liabilities		$	158,795

Schedule of Lease Costs

Leases expense	Classification	For the year ended July 31, 2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	7,450
	Operating expense - equipment lease expense		30,994
	Cost of sales - propane and other gas liquids sales		1,553
	General and administrative expense		1,490
Total operating lease expense		$	41,487

Short-term expense	Operating expense - personnel, vehicle, plant and other	$	7,188
	General and administrative expense		502
Total short-term expense		$	7,690

Variable lease expense	Operating expense - personnel, vehicle, plant and other	$	2,883
	Operating expense - equipment lease expense		1,642
Total variable lease expense		$	4,525

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense	$	2,613
Interest on lease liabilities	Interest expense		1,060
Total finance lease expense		$	3,673

Total lease expense (a)		$	57,375

(a)

Schedule of Minimum Annual Payments Under Existing Operating Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	34,686	$	10,205	$	44,891
2022		27,006		9,580		36,586
2023		35,712		7,646		43,358
2024		17,999		7,076		25,075
2025		12,701		7,085		19,786
Thereafter		21,396		10,453		31,849
Total lease payments	$	149,500	$	52,045	$	201,545
Less: Imputed interest		31,133		11,617		42,750
Present value of lease liabilities	$	118,367	$	40,428	$	158,795

Schedule of Minimum Annual Payments Under Existing Finance Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	34,686	$	10,205	$	44,891
2022		27,006		9,580		36,586
2023		35,712		7,646		43,358
2024		17,999		7,076		25,075
2025		12,701		7,085		19,786
Thereafter		21,396		10,453		31,849
Total lease payments	$	149,500	$	52,045	$	201,545
Less: Imputed interest		31,133		11,617		42,750
Present value of lease liabilities	$	118,367	$	40,428	$	158,795

Schedule of Operating and Finance Lease Assumptions


	As of July 31, 2020
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	5.2	8.2%
Finance leases	5.9	8.7%

Schedule of Cash Flow Information


	For the year ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	41,636

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	1,060
Financing cash flows	$	2,116

Schedule of Comparative Information ASC840


	Future minimum rental and buyout amounts by fiscal year
	2020		2021		2022		2023		2024		Thereafter
Operating lease obligations	$	44,392	$	36,134	$	26,312	$	20,432	$	17,196	$	17,414
Operating lease buyouts	$	3,073	$	4,371	$	6,421	$	3,527	$	1,238	$	14,433


	Contract exit
	costs
July 31, 2018	$	11,804
Accretion		448
Cash payments and other		(802)
July 31, 2019	$	11,450


	Future minimum rental and buyout amounts by fiscal year
	2020		2021		2022		2023		2024		Thereafter
Operating lease obligations	$	44,392	$	36,134	$	26,312	$	20,432	$	17,196	$	17,414
Operating lease buyouts	$	3,073	$	4,371	$	6,421	$	3,527	$	1,238	$	14,433


	Future minimum rental and buyout amounts by fiscal year
	2020		2021		2022		2023		2024		Thereafter
Operating lease obligations	$	44,392	$	36,134	$	26,312	$	20,432	$	17,196	$	17,414
Operating lease buyouts	$	3,073	$	4,371	$	6,421	$	3,527	$	1,238	$	14,433


	Contract exit
	costs
July 31, 2018	$	11,804
Accretion		448
Cash payments and other		(802)
July 31, 2019	$	11,450


	Future minimum rental and buyout amounts by fiscal year
	2020		2021		2022		2023		2024		Thereafter
Operating lease obligations	$	44,392	$	36,134	$	26,312	$	20,432	$	17,196	$	17,414
Operating lease buyouts	$	3,073	$	4,371	$	6,421	$	3,527	$	1,238	$	14,433


	Contract exit
	costs
July 31, 2018	$	11,804
Accretion		448
Cash payments and other		(802)
July 31, 2019	$	11,450

Schedule of Lease Assets and Liabilities


Leases	Classification		July 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	107,349
Financing lease assets	Other assets, net		41,426
Total leased assets		$	148,775

Liabilities
Current
Operating	Current operating lease liabilities	$	29,345
Financing	Other current liabilities		6,955
Noncurrent
Operating	Operating lease liabilities		89,022
Financing	Other liabilities		33,473
Total leased liabilities		$	158,795

Schedule of Lease Costs


Leases expense	Classification	For the year ended July 31, 2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	7,450
	Operating expense - equipment lease expense		30,994
	Cost of sales - propane and other gas liquids sales		1,553
	General and administrative expense		1,490
Total operating lease expense		$	41,487

Short-term expense	Operating expense - personnel, vehicle, plant and other	$	7,188
	General and administrative expense		502
Total short-term expense		$	7,690

Variable lease expense	Operating expense - personnel, vehicle, plant and other	$	2,883
	Operating expense - equipment lease expense		1,642
Total variable lease expense		$	4,525

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense	$	2,613
Interest on lease liabilities	Interest expense		1,060
Total finance lease expense		$	3,673

Total lease expense (a)		$	57,375

(a)

Schedule of Minimum Annual Payments Under Existing Operating Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	34,686	$	10,205	$	44,891
2022		27,006		9,580		36,586
2023		35,712		7,646		43,358
2024		17,999		7,076		25,075
2025		12,701		7,085		19,786
Thereafter		21,396		10,453		31,849
Total lease payments	$	149,500	$	52,045	$	201,545
Less: Imputed interest		31,133		11,617		42,750
Present value of lease liabilities	$	118,367	$	40,428	$	158,795

Schedule of Minimum Annual Payments Under Existing Finance Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	34,686	$	10,205	$	44,891
2022		27,006		9,580		36,586
2023		35,712		7,646		43,358
2024		17,999		7,076		25,075
2025		12,701		7,085		19,786
Thereafter		21,396		10,453		31,849
Total lease payments	$	149,500	$	52,045	$	201,545
Less: Imputed interest		31,133		11,617		42,750
Present value of lease liabilities	$	118,367	$	40,428	$	158,795

Schedule of Operating and Finance Lease Assumptions


	As of July 31, 2020
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	5.2	8.2%
Finance leases	5.9	8.7%

Schedule of Cash Flow Information


	For the year ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	41,636

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	1,060
Financing cash flows	$	2,116

Schedule of Comparative Information ASC840


	Future minimum rental and buyout amounts by fiscal year
	2020		2021		2022		2023		2024		Thereafter
Operating lease obligations	$	44,392	$	36,134	$	26,312	$	20,432	$	17,196	$	17,414
Operating lease buyouts	$	3,073	$	4,371	$	6,421	$	3,527	$	1,238	$	14,433


	Contract exit
	costs
July 31, 2018	$	11,804
Accretion		448
Cash payments and other		(802)
July 31, 2019	$	11,450


	Future minimum rental and buyout amounts by fiscal year
	2020		2021		2022		2023		2024		Thereafter
Operating lease obligations	$	44,392	$	36,134	$	26,312	$	20,432	$	17,196	$	17,414
Operating lease buyouts	$	3,073	$	4,371	$	6,421	$	3,527	$	1,238	$	14,433


	Contract exit
	costs
July 31, 2018	$	11,804
Accretion		448
Cash payments and other		(802)
July 31, 2019	$	11,450

Acquisitions, dispositions and other significant transactions (Tables)

12 Months Ended

Jul. 31, 2020

Schedule of Loss on Assets Sales and Disposals


	For the year ended July 31,
	2020		2019		2018
Loss on sale of:
Propane-related accessories reporting unit	$	—	$	—	$	15,194
Midstream trucking, water disposal & terminal assets		—		2,679		120,240
Midstream railcars		—		—		36,762
Bridger Energy		—		—		4,002
Other		7,924		8,289		11,201
Loss on asset sales and disposals	$	7,924	$	10,968	$	187,399

Schedule of Loss on Assets Sales and Disposals


	For the year ended July 31,
	2020		2019		2018
Loss on sale of:
Propane-related accessories reporting unit	$	—	$	—	$	15,194
Midstream trucking, water disposal & terminal assets		—		2,679		120,240
Midstream railcars		—		—		36,762
Bridger Energy		—		—		4,002
Other		7,924		8,289		11,201
Loss on asset sales and disposals	$	7,924	$	10,968	$	187,399

Schedule Of Funding Of Acquisitions


	For the year ended July 31,
	2020		2019		2018
Cash payments, net of cash acquired	$	10,195	$	13,551	$	18,141
Issuance of liabilities and other costs and considerations		975		1,650		2,426
Aggregate fair value of transactions	$	11,170	$	15,201	$	20,567

Aggregate Fair Value Of Transaction


	For the year ended July 31,
	2020		2019		2018
Working capital	$	—	$	31	$	758
Customer tanks, buildings, land and other		6,598		11,560		10,022
Goodwill		—		1,410		—
Customer lists		738		1,272		7,758
Non-compete agreements		3,834		928		2,029
Aggregate fair value of net assets acquired	$	11,170	$	15,201	$	20,567

Schedule Of Funding Of Acquisitions


	For the year ended July 31,
	2020		2019		2018
Cash payments, net of cash acquired	$	10,195	$	13,551	$	18,141
Issuance of liabilities and other costs and considerations		975		1,650		2,426
Aggregate fair value of transactions	$	11,170	$	15,201	$	20,567

Aggregate Fair Value Of Transaction


	For the year ended July 31,
	2020		2019		2018
Working capital	$	—	$	31	$	758
Customer tanks, buildings, land and other		6,598		11,560		10,022
Goodwill		—		1,410		—
Customer lists		738		1,272		7,758
Non-compete agreements		3,834		928		2,029
Aggregate fair value of net assets acquired	$	11,170	$	15,201	$	20,567

Supplemental Financial Statement Information [Line Items]

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Supplemental Financial Statement Information (Tables)

12 Months Ended

Jul. 31, 2020

Schedule Of Inventories


	July 31, 2020		July 31, 2019
Propane gas and related products	$	58,733	$	66,001
Appliances, parts and supplies, and other		13,931		14,453
Inventories	$	72,664	$	80,454

Property, Plant And Equipment


	Estimated useful lives	July 31, 2020		July 31, 2019
Land	Indefinite	$	39,585	$	35,165
Land improvements	2-20		14,998		14,149
Buildings and improvements	20		88,349		86,444
Vehicles, including transport trailers	8-20		105,184		111,283
Bulk equipment and district facilities	5-30		111,019		109,751
Tanks, cylinders and customer equipment	2-30		784,466		779,827
Computer and office equipment	2-5		112,582		111,838
Construction in progress	n/a		6,889		7,061
			1,263,072		1,255,518
Less: accumulated depreciation			672,030		658,795
Property, plant and equipment, net		$	591,042	$	596,723

Prepaid Expenses and Other Current Assets


	July 31, 2020		July 31, 2019
Broker margin deposit assets	$	14,398	$	25,028
Other		21,546		17,247
Prepaid expenses and other current assets	$	35,944	$	42,275

Other Assets


	July 31, 2020		July 31, 2019
Notes receivable, less current portion and allowance	$	5,330	$	16,216
Finance lease right-of-use assets		41,426		—
Other		27,992		52,889
Other assets, net	$	74,748	$	69,105

Other Current Liabilities


	July 31, 2020		July 31, 2019
Accrued interest	$	53,841	$	20,484
Customer deposits and advances		32,257		24,686
Accrued payroll		18,375		17,356
Accrued insurance		14,796		18,524
Price risk management liabilities		5,029		14,198
Other		43,168		42,989
Other current liabilities	$	167,466	$	138,237

Shipping And Handling Expenses


	For the year ended July 31,
	2020		2019		2018
Operating expense - personnel, vehicle, plant and other	$	219,598	$	215,780	$	195,646
Depreciation and amortization expense		9,857		6,375		4,947
Operating expense - equipment lease expense		32,518		30,759		25,765
	$	261,973	$	252,914	$	226,358

Cash and Cash Equivalents


	July 31, 2020		July 31, 2019
Cash and cash equivalents	$	238,002	$	11,054
Restricted cash (1)		95,759		—
Cash, cash equivalents and restricted cash	$	333,761	$	11,054

(1)

Cash Flow Supplemental Disclosures


	For the year ended July 31,
	2020		2019		2018
Cash paid (refunded) for:
Interest	$	147,402	$	166,897	$	159,271
Income taxes	$	289	$	141	$	(291)
Non-cash investing and financing activities:
Liability incurred in connection with Term Loan amendment	$	8,863	$	—		—
Liabilities incurred in connection with acquisitions	$	975	$	1,650	$	1,993
Change in accruals for property, plant and equipment additions	$	216	$	1,132	$	264
Lease liabilities arising from operating right-of-use assets	$	14,938	$	—	$	—
Lease liabilities arising from finance right-of-use assets	$	45,455	$	—	$	—

Supplemental Financial Statement Information [Line Items]

Schedule Of Inventories


	July 31, 2020		July 31, 2019
Propane gas and related products	$	58,733	$	66,001
Appliances, parts and supplies, and other		13,931		14,453
Inventories	$	72,664	$	80,454

Property, Plant And Equipment


	Estimated useful lives	July 31, 2020		July 31, 2019
Land	Indefinite	$	39,585	$	35,165
Land improvements	2-20		14,998		14,149
Buildings and improvements	20		88,349		86,444
Vehicles, including transport trailers	8-20		105,184		111,283
Bulk equipment and district facilities	5-30		111,019		109,751
Tanks, cylinders and customer equipment	2-30		784,466		779,827
Computer and office equipment	2-5		112,582		111,838
Construction in progress	n/a		6,889		7,061
			1,263,072		1,255,518
Less: accumulated depreciation			672,030		658,795
Property, plant and equipment, net		$	591,042	$	596,723

Prepaid Expenses and Other Current Assets


	July 31, 2020		July 31, 2019
Broker margin deposit assets	$	14,398	$	25,028
Other		21,499		17,129
Prepaid expenses and other current assets	$	35,897	$	42,157

Other Assets


	July 31, 2020		July 31, 2019
Notes receivable, less current portion and allowance	$	5,330	$	16,216
Finance lease right-of-use assets		41,426		—
Other		27,992		52,889
Other assets, net	$	74,748	$	69,105

Other Current Liabilities


	July 31, 2020		July 31, 2019
Accrued interest	$	34,511	$	16,550
Customer deposits and advances		32,257		24,686
Accrued payroll		18,375		17,356
Accrued insurance		14,796		18,524
Price risk management liabilities		5,029		14,198
Other		43,168		42,989
Other current liabilities	$	148,136	$	134,303

Shipping And Handling Expenses


	For the year ended July 31,
	2020		2019		2018
Operating expense - personnel, vehicle, plant and other	$	219,598	$	215,780	$	195,646
Depreciation and amortization expense		9,857		6,375		4,947
Operating expense - equipment lease expense		32,518		30,759		25,765
	$	261,973	$	252,914	$	226,358

Cash and Cash Equivalents


	July 31, 2020		July 31, 2019
Cash and cash equivalents	$	237,996	$	11,046
Restricted cash (1)		95,759		—
Cash, cash equivalents and restricted cash	$	333,755	$	11,046

(1)

Cash Flow Supplemental Disclosures


	For the year ended July 31,
	2020		2019		2018
Cash paid (refunded) for:
Interest	$	132,006	$	136,106	$	128,479
Income taxes	$	241	$	111	$	(311)
Non-cash investing and financing activities:
Liability incurred in connection with Term Loan amendment	$	8,863	$	—	$	—
Liabilities incurred in connection with acquisitions	$	975	$	1,650	$	1,993
Change in accruals for property, plant and equipment additions	$	216	$	1,132	$	264
Lease liabilities arising from operating right-of-use assets	$	14,938	$	—	$	—
Lease liabilities arising from finance right-of-use assets	$	45,455	$	—	$	—

Accounts And Notes Receivable, Net And Accounts Receivable Securitization (Tables)

12 Months Ended

Jul. 31, 2020

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts And Notes Receivable


	July 31, 2020		July 31, 2019
Accounts receivable pledged as collateral	$	103,703	$	106,145
Accounts receivable not pledged as collateral (including other reserves)		(825)		1,218
Note receivable		12,648		2,660
Other		36		36
Less: Allowance for doubtful accounts		(14,124)		(2,463)
Accounts and notes receivable, net	$	101,438	$	107,596

Accounts, Notes, Loans and Financing Receivable [Line Items]

Accounts And Notes Receivable


	July 31, 2020		July 31, 2019
Accounts receivable pledged as collateral	$	103,703	$	106,145
Accounts receivable not pledged as collateral (including other reserves)		(825)		1,218
Note receivable		12,648		2,660
Other		36		36
Less: Allowance for doubtful accounts		(14,124)		(2,463)
Accounts and notes receivable, net	$	101,438	$	107,596

Goodwill And Intangible Assets, Net (Tables)

12 Months Ended

Jul. 31, 2020

Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]

Schedule of Goodwill Rollforward


	July 31, 2020						July 31, 2019
	Gross Carrying		Accumulated				Gross Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	247,195	$	—	$	247,195	$	247,195	$	—	$	247,195

Intangible assets, net
Amortized intangible assets
Customer related	$	446,486	$	(397,843)	$	48,643	$	442,652	$	(390,052)	$	52,600
Non-compete agreements		26,319		(21,934)		4,385		25,582		(20,645)		4,937
Other		3,513		(3,513)		—		3,513		(3,513)		—
		476,318		(423,290)		53,028		471,747		(414,210)		57,537

Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,020		—		51,020
Total intangible assets, net	$	527,339	$	(423,290)	$	104,049	$	522,767	$	(414,210)	$	108,557


	Propane operations and
	related equipment sales
Balance July 31, 2018	$	246,098
Acquisitions		1,410
Other		(313)
Balance July 31, 2019		247,195
Acquisitions		—
Other		—
Balance July 31, 2020	$	247,195

Schedule Of Aggregate Amortization Expense


For the year ended July 31,
2020	$	9,079
2019		14,581
2018		31,345

Schedule Of Estimated Amortization Expense


For the year ended July 31,
2021	$	8,711
2022		7,322
2023		6,995
2024		6,720
2025		4,719

Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]

Schedule of Goodwill Rollforward


	July 31, 2020						July 31, 2019
	Gross						Gross
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	247,195	$	—	$	247,195	$	247,195	$	—	$	247,195

Intangible assets, net
Amortized intangible assets
Customer related	$	446,486	$	(397,843)	$	48,643	$	442,652	$	(390,052)	$	52,600
Non-compete agreements		26,319		(21,934)		4,385		25,582		(20,645)		4,937
Other		3,513		(3,513)		—		3,513		(3,513)		—
		476,318		(423,290)		53,028		471,747		(414,210)		57,537

Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,020		—		51,020
Total intangible assets, net	$	527,339	$	(423,290)	$	104,049	$	522,767	$	(414,210)	$	108,557


	Propane operations and
	related equipment sales
Balance July 31, 2018	$	246,098
Acquisitions		1,410
Other		(313)
Balance July 31, 2019		247,195
Acquisitions		—
Other		—
Balance July 31, 2020	$	247,195

Schedule Of Aggregate Amortization Expense


For the year ended July 31,
2020	$	9,079
2019		14,581
2018		31,345

Schedule Of Estimated Amortization Expense


For the year ended July 31,
2021	$	8,711
2022		7,322
2023		6,995
2024		6,720
2025		4,719

Debt (Tables)

12 Months Ended

Jul. 31, 2020

Schedule of Debt Components


	July 31, 2020		July 31, 2019
Unsecured senior notes
Fixed rate, 6.50%, due 2021 (1)	$	500,000	$	500,000
Fixed rate, 6.75%, due 2023 (2)		500,000		500,000
Fixed rate, 6.75%, due 2022, net of unamortized premium of $937 and $1,633 at July 31, 2020 and 2019, respectively (3)		475,937		476,633
Fixed rate, 8.625%, due 2020, net of unamortized discount of $0 and $1,319 at July 31, 2020 and 2019, respectively (4)		357,000		355,681

Secured senior notes
Fixed rate, 10.00%, due 2025, net of unamortized premium of $3,573 at July 31, 2020 (5)		703,573		—

Senior secured term loan
Variable interest rate, Term Loan (6)		—		275,000

Notes payable
9.4% and 10.7% weighted average interest rate at July 31, 2020 and 2019, respectively, due 2020 to 2029, net of unamortized discount of $537 and $711 at July 31, 2020 and 2019, respectively		4,564		5,962
Total debt, excluding unamortized debt issuance and other costs		2,541,074		2,113,276
Unamortized debt issuance and other costs		(35,583)		(24,516)
Less: current portion of long-term debt		859,095		631,756
Long-term debt	$	1,646,396	$	1,457,004

(1)

(2)

(3)

(4)

(5)

(6)

Scheduled Annual Principal Payments On Long-term Debt

	Scheduled
Payment due by fiscal year	principal payments
2021 (a)	$	859,120
2022		476,435
2023		500,999
2024		329
2025		700,199
Thereafter		19
Total	$	2,537,101

(a)

Includes the Ferrellgas Partners Notes, which matured on June 15, 2020 but have not yet been repaid.

Schedule of Debt Components


	July 31, 2020		July 31, 2019
Unsecured senior notes
Fixed rate, 6.50%, due 2021 (1)	$	500,000	$	500,000
Fixed rate, 6.75%, due 2023 (2)		500,000		500,000
Fixed rate, 6.75%, due 2022, net of unamortized premium of $937 and $1,633 at July 31, 2020 and 2019, respectively (3)		475,937		476,633

Secured senior notes
Fixed rate, 10.00%, due 2025, net of unamortized premium of $3,573 at July 31, 2020 (4)		703,573		—

Senior secured term loan
Variable interest rate, Term Loan (5)		—		275,000

Notes payable
9.4% and 10.7% weighted average interest rate at July 31, 2020 and July 31, 2019, respectively, due 2020 to 2029, net of unamortized discount of $537 and $711 at July 31, 2020 and July 31, 2019, respectively		4,564		5,962
Total debt, excluding unamortized debt issuance and other costs		2,184,074		1,757,595
Unamortized debt issuance and other costs		(35,583)		(23,562)
Less: current portion of long-term debt		502,095		277,029
Long-term debt	$	1,646,396	$	1,457,004

(1)

(2)

(3)

(4)

(5)

Scheduled Annual Principal Payments On Long-term Debt


Payment due by fiscal year	Scheduled principal payments
2021	$	502,120
2022		476,435
2023		500,999
2024		329
2025		700,199
Thereafter		19
Total	$	2,180,101

Partners' deficit (Tables)

12 Months Ended

Jul. 31, 2020

Ferrellgas Recognized Cash Distributions

Limited Partner Units


	July 31, 2020	July 31, 2019
Public common unitholders (1)	69,612,939	69,612,939
Ferrell Companies (2)	22,529,361	22,529,361
FCI Trading Corp. (3)	195,686	195,686
Ferrell Propane, Inc. (4)	51,204	51,204
James E. Ferrell (5)	4,763,475	4,763,475

(1)

(2)

(3)

FCI Trading is an affiliate of the general partner and thus a related party.

(4)

Ferrell Propane is controlled by the general partner and thus a related party.

(5)


	For the year ended July 31,
	2020		2019		2018
Public common unitholders	$	—	$	6,962	$	27,846
Ferrell Companies		—		2,253		9,012
FCI Trading Corp.		—		20		80
Ferrell Propane, Inc.		—		5		20
James E. Ferrell		—		476		1,904
General partner		—		98		392
	$	—	$	9,814	$	39,254

Ferrellgas Recognized Cash Distributions


	For the year ended July 31,
	2020		2019		2018
Ferrellgas Partners	$	15,496	$	40,706	$	70,246
General partner		158		415		716

Revenue from contracts with customers (Tables)

12 Months Ended

Jul. 31, 2020

Disaggregation of Revenue [Table Text Block]


	For the year ended July 31,
	2020		2019		2018
Retail - Sales to End Users	$	964,087	$	1,128,991	$	1,082,046
Wholesale - Sales to Resellers		430,435		419,349		448,943
Other Gas Sales		21,269		60,518		111,987
Other		82,035		75,534		147,847
Propane and related equipment revenues	$	1,497,826	$	1,684,392	$	1,790,823

Contract with Customer, Asset and Liability [Table Text Block]


	July 31, 2020		July 31, 2019
Accounts receivable	$	108,483	$	96,450
Contract assets	$	7,079	$	13,609
Contract liabilities
Deferred revenue (1)	$	42,911	$	31,974

(1)

Of the beginning balance of deferred revenue, $29.8 million was recognized as revenue during the year ended July 31, 2020.

Disaggregation of Revenue [Table Text Block]


	For the year ended July 31,
	2020		2019		2018
Retail - Sales to End Users	$	964,087	$	1,128,991	$	1,082,046
Wholesale - Sales to Resellers		430,435		419,349		448,943
Other Gas Sales		21,269		60,518		111,987
Other		82,035		75,534		147,847
Propane and related equipment revenues	$	1,497,826	$	1,684,392	$	1,790,823

Contract with Customer, Asset and Liability [Table Text Block]


	July 31, 2020		July 31, 2019
Accounts receivable	$	108,483	$	96,450
Contract assets	$	7,079	$	13,609
Contract liabilities
Deferred revenue (1)	$	42,911	$	31,974

(1)

Of the beginning balance of deferred revenue, $29.8 million was recognized as revenue during the year ended July 31, 2020.

Fair Value Measurement (Tables)

12 Months Ended

Jul. 31, 2020

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets and Liabilities Fair Value Hierarchy


	Asset (Liability)
	Quoted Prices in Active
	Markets for Identical		Significant Other
	Assets and Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
July 31, 2020:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	3,112	$	—	$	3,112
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(5,425)	$	—	$	(5,425)

July 31, 2019:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	1,259	$	—	$	1,259
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(16,015)	$	—	$	(16,015)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets and Liabilities Fair Value Hierarchy


	Asset (Liability)
	Quoted Prices in Active
	Markets for Identical		Significant Other
	Assets and Liabilities		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
July 31, 2020:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	3,112	$	—	$	3,112
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(5,425)	$	—	$	(5,425)

July 31, 2019:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	1,259	$	—	$	1,259
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(16,015)	$	—	$	(16,015)

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Jul. 31, 2020

Fair Value of Financial Derivatives Balance Sheet Locations


	Final	July 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	$	2,846	Other current liabilities	$	5,029
Commodity derivatives-propane		Other assets, net		266	Other liabilities		396
		Total	$	3,112	Total	$	5,425


	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]


	July 31, 2020
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	14,398	Other current liabilities	$	510
	Other assets, net		1,433	Other liabilities		—
		$	15,831		$	510


	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

Fair Value Hedge Derivative Effect on Earnings


								Amount of Interest Expense
		Amount of Gain Recognized on						Recognized on Fixed-Rated Debt
	Location of Gain	Derivative						(Related Hedged Item)
	Recognized on	For the year ended July 31,						For the year ended July 31,
Derivative Instrument	Derivative	2020		2019		2018		2020		2019		2018
Interest rate swap agreements	Interest expense	$	—	$	—	$	266	$	—	$	—	$	(6,825)

Cash Flow Hedge Derivative Effect on Comprehensive Income


	For the year ended July 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	$	(22,872)	Cost of product sold- propane and other gas liquids sales	$	(35,315)	$	—
	$	(22,872)		$	(35,315)	$	—


	For the year ended July 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	$	(48,184)	Cost of product sold- propane and other gas liquids sales	$	(12,868)	$	—
	$	(48,184)		$	(12,868)	$	—


	For the year ended July 31, 2018
				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	$	30,231	Cost of sales-propane and other gas liquids sales	$	24,714	$	—
Interest rate swap agreements		—			(395)		—
	$	30,231		$	24,319	$	—

Derivatives not designated as hedging instruments effect on earnings


	For the year ended July 31, 2018
	Amount of Gain (Loss)		Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments	Recognized in Income		Reclassified in Income
Commodity derivatives - crude oil	$	(3,470)	Cost of sales - midstream operations

Changes in Derivatives Included in Accumulated Other Comprehensive Income


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2020		2019		2018
Beginning balance	$	(14,756)	$	20,560	$	14,648
Change in value of risk management commodity derivatives		(22,872)		(48,184)		30,231
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		35,315		12,868		(24,714)
Reclassification of losses on interest rate hedges to interest expense		—		—		395
Ending balance	$	(2,313)	$	(14,756)	$	20,560

Changes in Derivative Value Effect on Other Comprehensive Income Loss, pre-adoption


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2020		2019		2018
Beginning balance	$	(14,756)	$	20,560	$	14,648
Change in value of risk management commodity derivatives		(22,872)		(48,184)		30,231
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		35,315		12,868		(24,714)
Reclassification of losses on interest rate hedges to interest expense		—		—		395
Ending balance	$	(2,313)	$	(14,756)	$	20,560

Fair Value of Financial Derivatives Balance Sheet Locations


	Final	July 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	$	2,846	Other current liabilities	$	5,029
Commodity derivatives-propane		Other assets, net		266	Other liabilities		396
		Total	$	3,112	Total	$	5,425


	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]


	July 31, 2020
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	14,398	Other current liabilities	$	510
	Other assets, net		1,433	Other liabilities		—
		$	15,831		$	510


	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

Fair Value Hedge Derivative Effect on Earnings


								Amount of Interest Expense
	Location of Gain	Amount of Gain Recognized on						Recognized on Fixed-Rated Debt
	Recognized on	Derivative						(Related Hedged Item)
Derivative Instrument	Derivative	For the year ended July 31,						For the year ended July 31,
		2020		2019		2018		2020		2019		2018
Interest rate swap agreements	Interest expense	$	—	$	—	$	266	$	—	$	—	$	(6,825)

Cash Flow Hedge Derivative Effect on Comprehensive Income


	For the year ended July 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	$	(22,872)	Cost of product sold- propane and other gas liquids sales	$	(35,315)	$	—
	$	(22,872)		$	(35,315)	$	—


	For the year ended July 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	$	(48,184)	Cost of product sold- propane and other gas liquids sales	$	(12,868)	$	—
	$	(48,184)		$	(12,868)	$	—


	For the year ended July 31, 2018
				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	$	30,231	Cost of sales-propane and other gas liquids sales	$	24,714	$	—
Interest rate swap agreements		—			(395)
	$	30,231		$	24,319	$	—

Derivatives not designated as hedging instruments effect on earnings


	For the year ended July 31, 2018
	Amount of Gain (Loss)		Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments	Recognized in Income		Reclassified in Income
Commodity derivatives - crude oil	$	(3,470)	Cost of sales - midstream operations

Changes in Derivatives Included in Accumulated Other Comprehensive Income


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2020		2019		2018
Beginning balance	$	(14,756)	$	20,560	$	14,648
Change in value of risk management commodity derivatives		(22,872)		(48,184)		30,231
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		35,315		12,868		(24,714)
Reclassification of losses on interest rate hedges to interest expense		—		—		395
Ending balance	$	(2,313)	$	(14,756)	$	20,560

Changes in Derivative Value Effect on Other Comprehensive Income Loss, pre-adoption


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2020		2019		2018
Beginning balance	$	(14,756)	$	20,560	$	14,648
Change in value of risk management commodity derivatives		(22,872)		(48,184)		30,231
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		35,315		12,868		(24,714)
Reclassification of losses on interest rate hedges to interest expense		—		—		395
Ending balance	$	(2,313)	$	(14,756)	$	20,560

Transactions With Related Parties (Tables)

12 Months Ended

Jul. 31, 2020

Allocation Of Transactions With Related Parties


	For the year ended July 31,
	2020		2019		2018
Operating expense	$	260,427	$	256,190	$	243,407

General and administrative expense	$	29,859	$	25,368	$	28,282

Allocation Of Transactions With Related Parties


	For the year ended July 31,
	2020		2019		2018
Operating expense	$	260,427	$	256,190	$	243,407

General and administrative expense	$	29,859	$	25,368	$	28,282

Net Earnings (Loss) Per Common Unitholders' Interest (Tables)

12 Months Ended

Jul. 31, 2020

Earnings Per Share [Abstract]

Earnings Distribution Allocation


	Ratio of total distributions payable to:
Quarterly distribution per common unit	Common unitholder		General partner
$0.56 to $0.63	86.9	%	13.1	%
$0.64 to $0.82	76.8	%	23.2	%
$0.83 and above	51.5	%	48.5	%

Basic And Diluted Net Earnings Per Common Unitholders' Interest


	For the year ended July 31,
	2020		2019		2018

Common unitholders’ interest in net loss	$	(81,674)	$	(63,605)	$	(252,035)
Weighted average common units outstanding (in thousands)		97,152.7		97,152.7		97,152.7
Basic and diluted net loss per common unit	$	(0.84)	$	(0.65)	$	(2.59)

Quarterly Data (Unaudited) (Tables)

12 Months Ended

Jul. 31, 2020

Interim Period, Costs Not Allocable [Line Items]

Summarized Unaudited Quarterly Data


For the year ended July 31, 2020	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	293,214	$	510,833	$	412,130	$	281,649
Gross margin from propane and other gas liquids sales (a)		139,357		247,404		215,480		140,497
Net earnings (loss) (b)		(45,717)		48,791		(15,471)		(70,605)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(45,344)		48,207		(15,393)		(69,969)
Common unitholders’ interest in net earnings (loss)		(44,891)		47,725		(15,239)		(69,269)

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.46)	$	0.49	$	(0.16)	$	(0.71)


For the year ended July 31, 2019	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	352,309	$	573,377	$	479,625	$	279,081
Gross margin from propane and other gas liquids sales (a)		130,830		238,581		209,167		127,764
Net earnings (loss)		(57,508)		43,875		20,760		(71,672)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(57,015)		43,344		20,461		(71,037)
Common unitholders’ interest in net earnings (loss)		(56,445)		42,911		20,256		(70,327)

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.58)	$	0.44	$	0.21	$	(0.72)


For the year ended July 31, 2018	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	454,655	$	755,156	$	515,810	$	347,521
Gross margin from propane and other gas liquids sales (a)		123,243		229,321		190,883		126,115
Gross margin from midstream operations (c)		12,635		10,209		8,077		(4,161)
Net earnings (loss) (d)		(48,316)		(1,774)		11,062		(217,797)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(47,915)		(1,843)		10,861		(215,684)
Common unitholders’ interest in net earnings (loss)		(47,436)		(1,824)		10,752		(213,527)

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.49)	$	(0.02)	$	0.11	$	(2.20)

(a)

Gross margin from “Propane and other gas liquids sales” represents “Revenues - propane and other gas liquids sales” less “Cost of sales – propane and other gas liquids sales.”

(b)

Includes loss on extinguishment of debt of $37.4 million in the third quarter of fiscal 2020.

(c)

Gross margin from “Midstream operations” represents “Revenues - midstream operations” less “Cost of sales - midstream operations.”

Includes asset impairment charges of $10.0 million in the second quarter of fiscal 2018.

Interim Period, Costs Not Allocable [Line Items]

Summarized Unaudited Quarterly Data


For the year ended July 31, 2020	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	293,214	$	510,833	$	412,130	$	281,649
Gross margin from propane and other gas liquids sales (a)		139,357		247,404		215,480		140,497
Net earnings (loss) (b)	$	(36,898)	$	57,756	$	(7,720)	$	(62,902)


For the year ended July 31, 2019	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	352,309	$	573,377	$	479,625	$	279,081
Gross margin from propane and other gas liquids sales (a)		130,830		238,581		209,167		127,764
Net earnings (loss)	$	(48,814)	$	52,617	$	29,554	$	(62,874)


For the year ended July 31, 2018	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	454,655	$	755,156	$	515,810	$	347,521
Gross margin from propane and other gas liquids sales (a)		123,243		229,321		190,883		126,115
Gross margin from midstream operations (c)		12,635		10,209		8,077		(4,161)
Net earnings (loss) (d)	$	(39,699)	$	6,847	$	19,840	$	(209,134)

(a)

Gross margin from “Propane and other gas liquids sales” represents “Revenues - propane and other gas liquids sales” less “Cost of sales – propane and other gas liquids sales.”

(b)

Includes loss on extinguishment of debt of $37.4 million in the third quarter of fiscal 2020.

(c)

Gross margin from “Midstream operations” represents “Revenues - midstream operations” less “Cost of sales - midstream operations.”

Includes asset impairment charges of $10.0 million in the second quarter of fiscal 2018.

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

12 Months Ended

Jul. 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 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 loss		(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

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)


	As of July 31, 2019
	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	$	11,045	$	1	$	—	$	—	$	—	$	11,046
Accounts and notes receivable, net		(3,912)		—		35		111,473		—		107,596
Intercompany receivables		(5,650)		—		—		—		5,650		—
Inventories		80,454		—		—		—		—		80,454
Prepaid expenses and other current assets		42,158		—		(1)		—		—		42,157
Total current assets		124,095		1		34		111,473		5,650		241,253

Property, plant and equipment, net		596,724		—		(1)		—		—		596,723
Goodwill, net		247,195		—		—		—		—		247,195
Intangible assets, net		108,557		—		—		—		—		108,557
Investments in consolidated subsidiaries		52,999		—		—		—		(52,999)		—
Other assets, net		65,447		—		2,875		783		—		69,105
Total assets	$	1,195,017	$	1	$	2,908	$	112,256	$	(47,349)	$	1,262,833

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current liabilities:
Accounts payable	$	33,252	$	—	$	—	$	112	$	—	$	33,364
Short-term borrowings		43,000		—		—		—		—		43,000
Collateralized note payable		—		—		—		62,000		—		62,000
Intercompany payables		—		—		(192)		(5,458)		5,650		—
Current portion of long-term debt		277,029		—		—		—		—		277,029
Other current liabilities		128,666		—		20		5,617		—		134,303
Total current liabilities		481,947		—		(172)		62,271		5,650		549,696

Long-term debt		1,457,004		—		—		—		—		1,457,004
Other liabilities		36,469		—		67		—		—		36,536
Contingencies and commitments

Partners' capital (deficit):
Partners' equity		(765,756)		1		3,013		49,985		(52,999)		(765,756)
Accumulated other comprehensive income		(14,647)		—		—		—		—		(14,647)
Total partners' capital (deficit)		(780,403)		1		3,013		49,985		(52,999)		(780,403)
Total liabilities and partners' capital (deficit)	$	1,195,017	$	1	$	2,908	$	112,256	$	(47,349)	$	1,262,833

Condensed Income Statement [Table Text Block]


	For the year ended July 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	$	1,415,791	$	—	$	—	$	—	$	—	$	1,415,791
Other		82,035		—		—		—		—		82,035
Total revenues		1,497,826		—		—		—		—		1,497,826

Costs and expenses:
Cost of sales - propane and other gas liquids sales		673,053		—		—		—		—		673,053
Cost of sales - other		13,003		—		—		—		—		13,003
Operating expense - personnel, vehicle, plant and other		493,055		—		—		3,950		(3,950)		493,055
Operating expense - equipment lease expense		33,017		—		—		—		—		33,017
Depreciation and amortization expense		80,025		—		—		456		—		80,481
General and administrative expense		45,630		6		—		—		—		45,636
Non-cash employee stock ownership plan compensation charge		2,871		—		—		—		—		2,871
Loss on asset sales and disposals		7,924		—		—		—		—		7,924

Operating income (loss)		149,248		(6)		—		(4,406)		3,950		148,786

Interest expense		(156,286)		—		—		(3,603)		—		(159,889)
Loss on extinguishment of debt		(37,399)		—		—		—		—		(37,399)
Other income (expense), net		(360)		—		(100)		5,671		(5,671)		(460)

Earnings (loss) before income taxes		(44,797)		(6)		(100)		(2,338)		(1,721)		(48,962)

Income tax expense		802		—		—		—		—		802
Equity in earnings (loss) of subsidiary		(2,444)		—		—		—		2,444		—

Net earnings (loss)		(48,043)		(6)		(100)		(2,338)		723		(49,764)

Other comprehensive loss		12,334		—		—		—		—		12,334

Comprehensive income (loss)	$	(35,709)	$	(6)	$	(100)	$	(2,338)	$	723	$	(37,430)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)


	For the year ended July 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	$	1,608,858	$	—	$	—	$	—	$	—	$	1,608,858
Other		75,485		—		49		—		—		75,534
Total revenues		1,684,343		—		49		—		—		1,684,392

Costs and expenses:
Cost of sales - propane and other gas liquids sales		902,516		—		—		—		—		902,516
Cost of sales - other		11,292		—		114		—		—		11,406
Operating expense - personnel, vehicle, plant and other		469,652		—		37		3,589		(4,410)		468,868
Operating expense - equipment lease expense		33,073		—		—		—		—		33,073
Depreciation and amortization expense		78,400		—		—		446		—		78,846
General and administrative expense		59,974		6		—		—		—		59,980
Non-cash employee stock ownership plan compensation charge		5,693		—		—		—		—		5,693
Loss on asset sales and disposals		8,289		—		2,679		—		—		10,968

Operating income (loss)		115,454		(6)		(2,781)		(4,035)		4,410		113,042

Interest expense		(132,929)		—		(38)		(9,668)		—		(142,635)
Other income (expense), net		428		—		(59)		4,410		(4,410)		369

Earnings (loss) before income taxes		(17,047)		(6)		(2,878)		(9,293)		—		(29,224)

Income tax expense (benefit)		105		—		188		—		—		293
Equity in earnings (loss) of subsidiary		(12,365)		—		—		—		12,365		—

Net earnings (loss)		(29,517)		(6)		(3,066)		(9,293)		12,365		(29,517)

Other comprehensive loss		(35,380)		—		—		—		—		(35,380)

Comprehensive income (loss)	$	(64,897)	$	(6)	$	(3,066)	$	(9,293)	$	12,365	$	(64,897)

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(in thousands)


	For the year ended July 31, 2018
	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	$	1,642,155	$	—	$	821	$	—	$	—	$	1,642,976
Midstream operations		—		—		282,319		—		—		282,319
Other		72,954		—		74,893		—		—		147,847
Total revenues		1,715,109		—		358,033		—		—		2,073,142

Costs and expenses:
Cost of sales - propane and other gas liquids sales		972,467		—		947		—		—		973,414
Cost of sales - midstream operations		—		—		255,559		—		—		255,559
Cost of sales - other		10,111		—		58,543		—		—		68,654
Operating expense - personnel, vehicle, plant and other		436,962		—		37,617		4,755		(7,586)		471,748
Operating expense - equipment lease expense		27,939		—		333		—		—		28,272
Depreciation and amortization expense		75,163		—		26,317		315		—		101,795
General and administrative expense		48,337		5		5,922		—		—		54,264
Non-cash employee stock ownership plan compensation charge		13,859		—		—		—		—		13,859
Asset impairments		—		—		10,005		—		—		10,005
Loss on asset sales and disposals		8,978		—		178,421		—		—		187,399

Operating income (loss)		121,293		(5)		(215,631)		(5,070)		7,586		(91,827)

Interest expense		(86,646)		—		(43,247)		(4,053)		—		(133,946)
Other income (expense), net		(234)		—		1,162		7,586		(7,586)		928

Earnings (loss) before income taxes		34,413		(5)		(257,716)		(1,537)		—		(224,845)

Income tax expense		222		—		(2,921)		—		—		(2,699)
Equity in earnings (loss) of subsidiaries		(256,337)		—		—		—		256,337		—

Net earnings (loss)		(222,146)		(5)		(254,795)		(1,537)		256,337		(222,146)

Other comprehensive loss		5,969		—		—		—		—		5,969

Comprehensive income (loss)	$	(216,177)	$	(5)	$	(254,795)	$	(1,537)	$	256,337	$	(216,177)

Condensed Cash Flow Statement [Table Text Block]


	For the year ended July 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	$	75,882	$	(6)	$	425	$	(11,480)	$	63,510	$	128,331

Cash flows from investing activities:
Business acquisitions, net of cash acquired		(10,195)		—		—		—		—		(10,195)
Capital expenditures		(70,455)		—		—		—		—		(70,455)
Proceeds from sale of assets		4,472		—		—		—		—		4,472
Cash collected for purchase of interest in accounts receivable		—		—		—		841,142		(841,142)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(777,632)		777,632		—
Intercompany loan to affiliate		(11,061)		—		—		—		11,061		—
Cash payments to construct assets in connection with future lease transactions		(37,042)		—		—		—		—		(37,042)
Cash receipts in connection with leased vehicles		41,924		—		—		—		—		41,924
Net cash provided by (used in) investing activities		(82,357)		—		—		63,510		(52,449)		(71,296)

Cash flows from financing activities:
Distributions		(15,654)		—		—		—		—		(15,654)
Proceeds from increase in long-term debt		703,750		—		—		—		—		703,750
Payments on long-term debt		(285,857)		—		—		—		—		(285,857)
Net reductions to short-term borrowings		(43,000)		—		—		—		—		(43,000)
Net reduction in collateralized short-term borrowings		—		—		—		(62,000)		—		(62,000)
Net changes in advances with consolidated entities		—		6		(425)		11,480		(11,061)		—
Cash paid for financing costs		(29,449)		—		—		—		—		(29,449)
Cash payments for principal portion of finance lease liability		(2,116)		—		—		—		—		(2,116)
Net cash provided by (used in) financing activities		327,674		6		(425)		(50,520)		(11,061)		265,674

Net change in cash and cash equivalents		321,199		—		—		1,510		—		322,709
Cash and cash equivalents - beginning of year		11,045		1		—		—		—		11,046
Cash, cash equivalents and restricted cash - end of year	$	332,244	$	1	$	—	$	1,510	$	—	$	333,755

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)


	For the year ended July 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	$	25,796	$	(6)	$	24,889	$	(717)	$	(4,000)	$	45,962

Cash flows from investing activities:
Business acquisitions, net of cash acquired		(13,551)		—		—		—		—		(13,551)
Capital expenditures		(108,822)		—		—		—		—		(108,822)
Proceeds from sale of assets		5,699		—		—		—		—		5,699
Cash collected for purchase of interest in accounts receivable		—		—		—		1,258,050		(1,258,050)		—
Cash remitted to Ferrellgas, L.P. for accounts receivable		—		—		—		(1,262,050)		1,262,050		—
Net changes in advances with consolidated entities		—		—		—		—		—		—
Intercompany loan to affiliate		24,328		—		—		—		(24,328)		—
Cash payment to construct assets in connection with future lease transactions		(9,934)		—		—		—		—		(9,934)
Cash receipts in connection with leased vehicles		862		—		—		—		—		862
Other		1,419		—		—		—		—		1,419
Net cash provided by (used in) investing activities		(99,999)		—		—		(4,000)		(20,328)		(124,327)

Cash flows from financing activities:
Distributions		(41,121)		—		—		—		—		(41,121)
Payments on long-term debt		(2,428)		—		—		—		—		(2,428)
Net additions in short-term borrowings		10,200		—		—		—		—		10,200
Net additions to collateralized short-term borrowings		—		—		—		4,000		—		4,000
Net changes in advances with consolidated entries		—		6		(25,063)		729		24,328		—
Cash paid for financing costs		(536)		—		—		(12)		—		(548)
Net cash provided by (used in) financing activities		(33,885)		6		(25,063)		4,717		24,328		(29,897)

Net change in cash and cash equivalents		(108,088)		—		(174)		—		—		(108,262)
Cash and cash equivalents - beginning of year		119,133		1		174		—		—		119,308
Cash and cash equivalents - end of year	$	11,045	$	1	$	—	$	—	$	—	$	11,046

FERRELLGAS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)


	For the year ended July 31, 2018
	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	$	139,294	$	(5)	$	(48,708)	$	3,573	$	11,000	$	105,154

Cash flows from investing activities:
Business acquisitions, net of cash acquired		(18,141)		—		—		—		—		(18,141)
Capital expenditures		(81,114)		—		(3,805)		—		—		(84,919)
Proceeds from sale of assets		7,327		—		145,260		—		—		152,587
Cash collected for purchase of interest in accounts receivable		—		—		—		1,226,211		(1,226,211)		—
Cash remitted to Ferrellgas, L.P for accounts receivable		—		—		—		(1,215,211)		1,215,211		—
Net changes in advances with consolidated entities		96,514		—		—		—		(96,514)		—
Net cash provided by (used in) investing activities		4,586		—		141,455		11,000		(107,514)		49,527

Cash flows from financing activities:
Distributions		(70,962)		—		—		—		—		(70,962)
Proceeds from increase of long-term debt		323,680		—		—		—		—		323,680
Payments on long-term debt		(212,920)		—		—		—		—		(212,920)
Net reductions to short-term borrowings		(51,379)		—		—		—		—		(51,379)
Net additions in collateralized short-term borrowings		—		—		—		(11,000)		—		(11,000)
Net changes in advances with parent		—		5		(92,946)		(3,573)		96,514		—
Cash paid for financing costs		(18,493)		—		—		—		—		(18,493)
Net cash provided by (used in) financing activities		(30,074)		5		(92,946)		(14,573)		96,514		(41,074)

Net change in cash and cash equivalents		113,806		—		(199)		—		—		113,607
Cash and cash equivalents - beginning of year		5,327		1		373		—		—		5,701
Cash and cash equivalents - end of year	$	119,133	$	1	$	174	$	—	$	—	$	119,308

Partnership Organization And Formation (Details)		12 Months Ended
Partnership Organization And Formation (Details)	Apr. 24, 2020 item	Jul. 31, 2020 USD ($) employee state item subsidiary shares	Jul. 31, 2019 shares	Jan. 31, 2017 USD ($)	Nov. 30, 2010 USD ($)	Apr. 30, 2010 USD ($)
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of subsidiaries \| subsidiary		2
Number of states in which entity operates \| state		50
Number of employees \| employee		0
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount		$ 357,000,000		$ 175,000,000		$ 280,000,000
Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount					$ 500,000,000
Ferrellgas Partners LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		2.00%	2.00%
Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of general partners \| item		3
Ferrellgas Partners LP [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount		$ 500,000,000
Ferrellgas Partners LP [Member] \| Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Limited partner interest		99.00%
Ferrellgas Partners LP [Member] \| Ferrellgas Partners Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100.00%
Ferrell Companies [Member] \| Ferrellgas Partners LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Common stock shares outstanding \| shares		22,800,000
Ferrellgas Inc., General Partner [Member] \| Ferrellgas [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		2.00%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas Partners LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		1.00%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest		1.0101%	1.0101%
Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of general partners \| item		3
Number of states in which entity operates \| state		50
Number of employees \| employee		0
Number of additional general partners \| item	2
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount		$ 500,000,000			$ 500,000,000
Ferrellgas, L.P. [Member] \| Ferrellgas [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100.00%
Ferrellgas, L.P. [Member] \| Ferrellgas Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage		100.00%
Ferrellgas Partners Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Common stock shares outstanding \| shares		1,000	1,000
Corporation formation proceeds from partnership		$ 1,000
Corporation formation shares granted to partnership \| shares		1,000
Number of employees \| employee		0
Ferrellgas Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Common stock shares outstanding \| shares		1,000	1,000
Corporation formation proceeds from partnership		$ 1,000
Corporation formation shares granted to partnership \| shares		1,000
Number of employees \| employee		0
Ferrellgas Finance Corp. [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount		$ 500,000,000

Summary Of Significant Accounting Policies (Narrative) (Details)	3 Months Ended	12 Months Ended
	Jan. 31, 2018 USD ($)	Jul. 31, 2020 USD ($) subsidiary item shares	Jul. 31, 2019 USD ($)	Jul. 31, 2018 USD ($)
Significant Accounting Policies [Line Items]
Asset impairments	$ 10,000,000	$ 0	$ 0	$ 10,005,000
Number of reporting units \| item		2
Number of reporting units subject to assessment \| item		1
Goodwill impairment recognized		$ 0
Accounts receivable collection period		30 days
Revenue recognized over a straight-line basis, term		1 year
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Number of taxable subsidiaries \| subsidiary		1
Ferrellgas Partners LP [Member]
Significant Accounting Policies [Line Items]
General partner ownership interest		2.00%	2.00%
Ferrellgas Partners LP [Member] \| Non-Controlling Interest [Member]
Significant Accounting Policies [Line Items]
General partner ownership interest		1.00%
Minimum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		2 years
Intangible asset useful life		2 years
Maximum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		30 years
Intangible asset useful life		15 years
Ferrell Companies, Inc. Incentive Compensation Plan [Member]
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Non-cash stock and unit-based compensation charge		$ 0	$ 0	0
Awards granted during the period \| shares		0
Awards outstanding, fair value		$ 0
Number of shares authorized to be issued \| shares		9,250,000
Stock options, percent to vest upon event		100.00%
Retirement age		65
Award expiration period		10 years
Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Minimum [Member]
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Award vesting period		0 years
Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Maximum [Member]
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Award vesting period		10 years
Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Number of reporting units \| item		2
Number of reporting units subject to assessment \| item		1
Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Asset impairments	$ 10,000,000			10,005,000
Goodwill impairment recognized		$ 0
Accounts receivable collection period		30 days
Revenue recognized over a straight-line basis, term		1 year
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Number of taxable subsidiaries \| subsidiary		3
Ferrellgas, L.P. [Member] \| Minimum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		2 years
Intangible asset useful life		2 years
Ferrellgas, L.P. [Member] \| Maximum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		30 years
Intangible asset useful life		15 years
Ferrellgas, L.P. [Member] \| Ferrell Companies, Inc. Incentive Compensation Plan [Member]
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Non-cash stock and unit-based compensation charge		$ 0	$ 0	$ 0
Awards granted during the period \| shares		0
Awards outstanding, fair value		$ 0
Number of shares authorized to be issued \| shares		9,250,000
Stock options, percent to vest upon event		100.00%
Retirement age		65
Ferrellgas, L.P. [Member] \| Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Minimum [Member]
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Award vesting period		0 years
Award expiration period		10 years
Ferrellgas, L.P. [Member] \| Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Maximum [Member]
Share-based Payment Arrangement, Additional Disclosure [Abstract]
Award vesting period		10 years

Summary Of Significant Accounting Policies (Summary Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Significant Accounting Policies [Line Items]
Current expense	$ 297	$ 180	$ 1,140
Deferred expense	554	143	(3,818)
Income tax expense	851	323	(2,678)
Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Current expense	248	150	1,119
Deferred expense	554	143	(3,818)
Income tax expense	$ 802	$ 293	$ (2,699)

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Summary Of Significant Accounting Policies (Deferred Taxes Assets And Liabilities) (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019
Significant Accounting Policies [Line Items]
Deferred tax assets	$ 4	$ 631
Deferred tax liabilities	(3)	(76)
Net deferred tax liability	1	555
Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Deferred tax assets	4	631
Deferred tax liabilities	(3)	(76)
Net deferred tax liability	$ 1	$ 555

Summary Of Significant Accounting Policies (New Accounting Standards) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Significant Accounting Policies [Line Items]
Operating Lease, Liability	$ 118,367
Operating Lease, Right-of-Use Asset	$ 107,349
Lease, Practical Expedient, Lessor Single Lease Component [true false]		true
Lease, Practical Expedients, Package [true false]		true
Lease, Practical Expedient, Use of Hindsight [true false]		false
Ferrellgas Partners LP [Member]
Significant Accounting Policies [Line Items]
General partner ownership interest	2.00%	2.00%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas Partners LP [Member]
Significant Accounting Policies [Line Items]
General partner ownership interest	1.00%
Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Operating Lease, Liability	$ 118,367
Operating Lease, Right-of-Use Asset	$ 107,349
Lease, Practical Expedient, Lessor Single Lease Component [true false]		true
Lease, Practical Expedients, Package [true false]		true
Lease, Practical Expedient, Use of Hindsight [true false]		false

Leases - Assets and Liabilities (Details) $ in Thousands	Jul. 31, 2020 USD ($)
Assets and Liabilities, Lessee [Abstract]
Operating Lease, Right-of-Use Asset	$ 107,349
Finance Lease, Right-of-Use Asset	$ 41,426
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent
Total leased assets	$ 148,775
Operating Lease, Liability, Current	29,345
Finance Lease, Liability, Current	$ 6,955
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current
Operating Lease, Liability, Noncurrent	$ 89,022
Finance Lease, Liability, Noncurrent	$ 33,473
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Total leased liabilities	$ 158,795
Ferrellgas, L.P. [Member]
Assets and Liabilities, Lessee [Abstract]
Operating Lease, Right-of-Use Asset	107,349
Finance Lease, Right-of-Use Asset	$ 41,426
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent
Total leased assets	$ 148,775
Operating Lease, Liability, Current	29,345
Finance Lease, Liability, Current	$ 6,955
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current
Operating Lease, Liability, Noncurrent	$ 89,022
Finance Lease, Liability, Noncurrent	$ 33,473
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Total leased liabilities	$ 158,795

Leases - Lease Expenses (Details) $ in Thousands	12 Months Ended
Leases - Lease Expenses (Details) $ in Thousands	Jul. 31, 2020 USD ($)
Lease, Cost [Abstract]
Operating lease expense	$ 41,487
Short-term expense	7,690
Variable lease expense	4,525
Total finance lease expense	3,673
Total lease expense	57,375
Midstream Operations [Member]
Lease, Cost [Abstract]
Total lease expense	500
Operating expenses - personnel, vehicle, plant and other
Lease, Cost [Abstract]
Operating lease expense	7,450
Short-term expense	7,188
Variable lease expense	2,883
Operating expense - equipment lease expense
Lease, Cost [Abstract]
Operating lease expense	30,994
Variable lease expense	1,642
Cost of Sales [Member]
Lease, Cost [Abstract]
Operating lease expense	1,553
General and Administrative Expense [Member]
Lease, Cost [Abstract]
Operating lease expense	1,490
Short-term expense	502
Depreciation And Amortization Expense [Member]
Lease, Cost [Abstract]
Amortization of leased assets	2,613
Interest Expense [Member]
Lease, Cost [Abstract]
Interest on lease liabilities	1,060
Ferrellgas, L.P. [Member]
Lease, Cost [Abstract]
Operating lease expense	41,487
Short-term expense	7,690
Variable lease expense	4,525
Total finance lease expense	3,673
Total lease expense	57,375
Ferrellgas, L.P. [Member] \| Midstream Operations [Member]
Lease, Cost [Abstract]
Total lease expense	500
Ferrellgas, L.P. [Member] \| Operating expenses - personnel, vehicle, plant and other
Lease, Cost [Abstract]
Operating lease expense	7,450
Short-term expense	7,188
Variable lease expense	2,883
Ferrellgas, L.P. [Member] \| Operating expense - equipment lease expense
Lease, Cost [Abstract]
Operating lease expense	30,994
Variable lease expense	1,642
Ferrellgas, L.P. [Member] \| Cost of Sales [Member]
Lease, Cost [Abstract]
Operating lease expense	1,553
Ferrellgas, L.P. [Member] \| General and Administrative Expense [Member]
Lease, Cost [Abstract]
Operating lease expense	1,490
Short-term expense	502
Ferrellgas, L.P. [Member] \| Depreciation And Amortization Expense [Member]
Lease, Cost [Abstract]
Amortization of leased assets	2,613
Ferrellgas, L.P. [Member] \| Interest Expense [Member]
Lease, Cost [Abstract]
Interest on lease liabilities	$ 1,060

Leases - Maturity (Details) $ in Thousands	Jul. 31, 2020 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021	$ 34,686
2022	27,006
2023	35,712
2024	17,999
2025	12,701
Thereafter	21,396
Total lease payments, Operating Leases	149,500
Less: Imputed interest	31,133
Present value of lease liabilities, Operating Leases	118,367
Finance Lease, Liability, Payment, Due [Abstract]
2021	10,205
2022	9,580
2023	7,646
2024	7,076
2025	7,085
Thereafter	10,453
Total lease payments, Finance Leases	52,045
Less: Imputed interest	11,617
Present value of lease liabilities, Finance Leases	40,428
Operating And Finance Lease Liabilities Payments Due [Abstract]
2021	44,891
2022	36,586
2023	43,358
2024	25,075
2025	19,786
Thereafter	31,849
Total lease payments	201,545
Less: Imputed interest	42,750
Present value of lease liabilities	158,795
Ferrellgas, L.P. [Member]
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021	34,686
2022	27,006
2023	35,712
2024	17,999
2025	12,701
Thereafter	21,396
Total lease payments, Operating Leases	149,500
Less: Imputed interest	31,133
Present value of lease liabilities, Operating Leases	118,367
Finance Lease, Liability, Payment, Due [Abstract]
2021	10,205
2022	9,580
2023	7,646
2024	7,076
2025	7,085
Thereafter	10,453
Total lease payments, Finance Leases	52,045
Less: Imputed interest	11,617
Present value of lease liabilities, Finance Leases	40,428
Operating And Finance Lease Liabilities Payments Due [Abstract]
2021	44,891
2022	36,586
2023	43,358
2024	25,075
2025	19,786
Thereafter	31,849
Total lease payments	201,545
Less: Imputed interest	42,750
Present value of lease liabilities	$ 158,795

Leases - Assumptions (Details)	Jul. 31, 2020
Lessee Disclosure [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	5 years 2 months 12 days
Finance Lease, Weighted Average Remaining Lease Term	5 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	8.20%
Finance Lease, Weighted Average Discount Rate, Percent	8.70%
Ferrellgas, L.P. [Member]
Lessee Disclosure [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	5 years 2 months 12 days
Finance Lease, Weighted Average Remaining Lease Term	5 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	8.20%
Finance Lease, Weighted Average Discount Rate, Percent	8.70%

Leases - Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Cash Flow (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Operating cash flows, operating leases	$ 41,636
Operating cash flows, financing leases	1,060
Financing cash flows, financing leases	2,116	$ 0	$ 0
Ferrellgas, L.P. [Member]
Operating cash flows, operating leases	41,636
Operating cash flows, financing leases	1,060
Financing cash flows, financing leases	$ 2,116

Leases - Comparative Information - Contractual Operating Lease Commitments And Buyout Maturities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Operating Leased Assets [Line Items]
Rental expense	$ 53,800	$ 50,700
Operating Lease Obligations [Member]
Operating Leased Assets [Line Items]
2020	44,392
2021	36,134
2022	26,312
2023	20,432
2024	17,196
Thereafter	17,414
Operating Lease Buyouts [Member]
Operating Leased Assets [Line Items]
2020	3,073
2021	4,371
2022	6,421
2023	3,527
2024	1,238
Thereafter	14,433
Ferrellgas, L.P. [Member]
Operating Leased Assets [Line Items]
Rental expense	53,800	$ 50,700
Ferrellgas, L.P. [Member] \| Operating Lease Obligations [Member]
Operating Leased Assets [Line Items]
2020	44,392
2021	36,134
2022	26,312
2023	20,432
2024	17,196
Thereafter	17,414
Ferrellgas, L.P. [Member] \| Operating Lease Buyouts [Member]
Operating Leased Assets [Line Items]
2020	3,073
2021	4,371
2022	6,421
2023	3,527
2024	1,238
Thereafter	$ 14,433

Leases - Comparative Information - Exit costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Restructuring Cost and Reserve [Line Items]
Business Exit Costs	$ 0	$ 0	$ 11,804
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	$ 11,450	11,804
Accretion		448
Cash payments and other		(802)
Restructuring Reserve, Ending Balance		11,450	11,804
Ferrellgas, L.P. [Member]
Restructuring Cost and Reserve [Line Items]
Business Exit Costs			11,804
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance		11,804
Accretion		448
Cash payments and other		$ (802)
Restructuring Reserve, Ending Balance			$ 11,804

Acquisitions, dispositions and other significant transactions - Acquisitions Funding (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Business Acquisition [Line Items]
Aggregate fair value of transactions	$ 11,200	$ 15,200	$ 20,600
Propane and related equipment sales [Member]
Business Acquisition [Line Items]
Cash payments, net of cash acquired	10,195	13,551	18,141
Issuance of liabilities and other costs and considerations	975	1,650	2,426
Aggregate fair value of transactions	11,170	15,201	20,567
Ferrellgas, L.P. [Member]
Business Acquisition [Line Items]
Aggregate fair value of transactions	11,200	15,200	20,600
Ferrellgas, L.P. [Member] \| Propane and related equipment sales [Member]
Business Acquisition [Line Items]
Cash payments, net of cash acquired	10,195	13,551	18,141
Issuance of liabilities and other costs and considerations	975	1,650	2,426
Aggregate fair value of transactions	$ 11,170	$ 15,201	$ 20,567

Acquisitions, dispositions and other significant transactions - Fair Value Allocation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Goodwill	$ 247,195	$ 247,195
Propane and related equipment sales [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Working capital		31	$ 758
Customer tanks, buildings, land, salt water disposal wells, and other	6,598	11,560	10,022
Goodwill	247,195	247,195	246,098
Aggregate fair value of transactions	11,170	15,201	20,567
Propane and related equipment sales [Member] \| Customer Lists [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Finite-lived Intangible Assets Acquired	738	1,272	7,758
Propane and related equipment sales [Member] \| Non-Compete Agreements [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Finite-lived Intangible Assets Acquired	3,834	928	2,029
Series of Individually Immaterial Business Acquisitions [Member] \| Propane and related equipment sales [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Goodwill		1,410
Ferrellgas, L.P. [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Goodwill	247,195	247,195
Ferrellgas, L.P. [Member] \| Propane and related equipment sales [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Working capital		31	758
Customer tanks, buildings, land, salt water disposal wells, and other	6,598	11,560	10,022
Goodwill	247,195	247,195	246,098
Aggregate fair value of transactions	11,170	15,201	20,567
Ferrellgas, L.P. [Member] \| Propane and related equipment sales [Member] \| Customer Lists [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Finite-lived Intangible Assets Acquired	738	1,272	7,758
Ferrellgas, L.P. [Member] \| Propane and related equipment sales [Member] \| Non-Compete Agreements [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Finite-lived Intangible Assets Acquired	$ 3,834	928	$ 2,029
Ferrellgas, L.P. [Member] \| Series of Individually Immaterial Business Acquisitions [Member] \| Propane and related equipment sales [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Goodwill		$ 1,410

Acquisitions, dispositions and other significant transactions - Dispositions (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2018 USD ($) item	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)	Jul. 31, 2018 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals		$ 7,924	$ 10,968	$ 187,399
Number of terminals sold \| item	2
Proceeds from sale of assets		4,472	5,699	152,587
Promissory note		5,330	16,216
Bridger Environmental LLC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals		0	0	4,002
Propane and related equipment sales [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses	$ 26,600
Loss on asset sales and disposals		0	0	15,194
Midstream Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of assets	8,000
Promissory note	8,500			8,500
Losses before tax				55,400
Losses before tax to parent				54,800
Trucking Water Disposal And Terminal Assets [Member] \| Midstream Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses	$ 57,000
Loss on asset sales and disposals		0	2,679	120,240
Other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals		7,924	8,289	11,201
Rail cars [Member] \| Midstream Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals		0	0	36,762
Proceeds from sale of assets				$ 51,300
Number of rail cars sold	1,292			1,292
Ferrellgas, L.P. [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals		7,924	10,968	$ 187,399
Number of terminals sold \| item	2
Proceeds from sale of assets		4,472	5,699	152,587
Promissory note		5,330	16,216
Ferrellgas, L.P. [Member] \| Bridger Environmental LLC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals		0	0	4,002
Ferrellgas, L.P. [Member] \| Propane and related equipment sales [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses	$ 26,600
Loss on asset sales and disposals		0	0	15,194
Ferrellgas, L.P. [Member] \| Midstream Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of assets	8,000
Promissory note	8,500			8,500
Losses before tax				55,400
Losses before tax to parent				54,800
Ferrellgas, L.P. [Member] \| Trucking Water Disposal And Terminal Assets [Member] \| Midstream Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses	$ 57,000
Loss on asset sales and disposals		0	2,679	120,240
Ferrellgas, L.P. [Member] \| Other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals		7,924	8,289	11,201
Ferrellgas, L.P. [Member] \| Rail cars [Member] \| Midstream Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals		$ 0	$ 0	36,762
Proceeds from sale of assets				$ 51,300
Number of rail cars sold	1,292			1,292

Quarterly Distributions Of Available Cash (Details)	12 Months Ended
Quarterly Distributions Of Available Cash (Details)	Jul. 31, 2020 item
Earnings Distribution Allocation [Line Items]
Cash reserve for distributions, number of quarters provided	4
Maximum days after end of quarter to make distributions	45 days
Cash distributions available	100.00%
Ferrellgas, L.P. [Member]
Earnings Distribution Allocation [Line Items]
Cash reserve for distributions, number of quarters provided	4
Maximum days after end of quarter to make distributions	45 days
Cash distributions available	100.00%
Cash distributions to Ferrellgas Partners	99.00%
Cash distributions to general partner	1.00%

Supplemental Information - Inventories (Details) $ in Thousands, gal in Millions	12 Months Ended
	Jul. 31, 2020 USD ($) gal	Jul. 31, 2019 USD ($)
Supplemental Financial Statement Information [Line Items]
Propane gas and related products	$ 58,733	$ 66,001
Appliances, parts and supplies	13,931	14,453
Inventories	$ 72,664	80,454
Supply procurement contract duration	36 months
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	1.0
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Propane gas and related products	$ 58,733	66,001
Appliances, parts and supplies	13,931	14,453
Inventories	$ 72,664	$ 80,454
Supply procurement contract duration	36 months
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	1.0

Supplemental Information - Property, Plant And Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,263,072	$ 1,255,518
Less: accumulated depreciation	672,030	658,795
Property, plant and equipment, net	591,042	596,723
Depreciation	64,500	60,700	$ 67,100
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	39,585	35,165
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,998	14,149
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Property, plant and equipment, gross	$ 88,349	86,444
Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	105,184	111,283
Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	111,019	109,751
Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	784,466	779,827
Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	112,582	111,838
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 6,889	7,061
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	8 years
Minimum [Member] \| Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Minimum [Member] \| Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Maximum [Member] \| Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Maximum [Member] \| Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,263,072	1,255,518
Less: accumulated depreciation	672,030	658,795
Property, plant and equipment, net	591,042	596,723
Depreciation	64,500	60,700	$ 67,100
Ferrellgas, L.P. [Member] \| Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	39,585	35,165
Ferrellgas, L.P. [Member] \| Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,998	14,149
Ferrellgas, L.P. [Member] \| Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Property, plant and equipment, gross	$ 88,349	86,444
Ferrellgas, L.P. [Member] \| Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	105,184	111,283
Ferrellgas, L.P. [Member] \| Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	111,019	109,751
Ferrellgas, L.P. [Member] \| Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	784,466	779,827
Ferrellgas, L.P. [Member] \| Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	112,582	111,838
Ferrellgas, L.P. [Member] \| Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 6,889	$ 7,061
Ferrellgas, L.P. [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Ferrellgas, L.P. [Member] \| Minimum [Member] \| Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Ferrellgas, L.P. [Member] \| Minimum [Member] \| Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	8 years
Ferrellgas, L.P. [Member] \| Minimum [Member] \| Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Ferrellgas, L.P. [Member] \| Minimum [Member] \| Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Ferrellgas, L.P. [Member] \| Minimum [Member] \| Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Ferrellgas, L.P. [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

Supplemental Information - Prepaids and Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019
Supplemental Financial Statement Information [Line Items]
Broker margin deposit assets	$ 14,398	$ 25,028
Other assets, net	21,546	17,247
Prepaid expenses and other current assets	35,944	42,275
Notes receivable, less current portion and allowance	5,330	16,216
Finance lease right-of-use assets	41,426
Other	27,992	52,889
Other assets, net	74,748	69,105
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Broker margin deposit assets	14,398	25,028
Other assets, net	21,499	17,129
Prepaid expenses and other current assets	35,897	42,157
Notes receivable, less current portion and allowance	5,330	16,216
Finance lease right-of-use assets	41,426
Other	27,992	52,889
Other assets, net	$ 74,748	$ 69,105

Supplemental Information - Other Current Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019
Supplemental Financial Statement Information [Line Items]
Accrued interest	$ 53,841	$ 20,484
Customer deposits and advances	32,257	24,686
Accrued payroll	18,375	17,356
Accrued insurance	14,796	18,524
Price risk management liabilities	5,029	14,198
Other	43,168	42,989
Other current liabilities	167,466	138,237
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Accrued interest	34,511	16,550
Customer deposits and advances	32,257	24,686
Accrued payroll	18,375	17,356
Accrued insurance	14,796	18,524
Price risk management liabilities	5,029	14,198
Other	43,168	42,989
Other current liabilities	$ 148,136	$ 134,303

Supplemental Information - Shipping and Handling (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	$ 493,055	$ 468,868	$ 471,748
Depreciation and amortization expense	80,481	78,846	101,795
Operating expense - equipment lease expense	33,017
Equipment lease expense, preadoption		33,073	28,272
Shipping and Handling [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	219,598	215,780	195,646
Depreciation and amortization expense	9,857	6,375	4,947
Operating expense - equipment lease expense	32,518
Equipment lease expense, preadoption		30,759	25,765
Costs and Expenses, Total	261,973	252,914	226,358
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	493,055	468,868	471,748
Depreciation and amortization expense	80,481	78,846	101,795
Operating expense - equipment lease expense	33,017
Equipment lease expense, preadoption		33,073	28,272
Ferrellgas, L.P. [Member] \| Shipping and Handling [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	219,598	215,780	195,646
Depreciation and amortization expense	9,857	6,375	4,947
Operating expense - equipment lease expense	32,518
Equipment lease expense, preadoption		30,759	25,765
Costs and Expenses, Total	$ 261,973	$ 252,914	$ 226,358

Supplemental Information - Cash (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2017
Supplemental Financial Statement Information [Line Items]
Cash and cash equivalents	$ 238,002	$ 11,054
Restricted cash	95,759
Cash pledged as collateral for letters of credit	78,200
Cash deposit against contingencies	11,500
Additional pledged collateral	6,100
Cash and cash equivalents and restricted cash	333,761	11,054	$ 119,311	$ 5,760
Cash paid for interest	147,402	166,897	159,271
Income taxes	289	141	(291)
Noncash Investing and Financing Items [Abstract]
Liability incurred in connection with Term Loan amendment	8,863
Liabilities incurred in connection with acquisitions	975	1,650	1,993
Change in accruals for property, plant and equipment additions	216	1,132	264
Lease liabilities arising from operating right-of-use assets	14,938
Lease liabilities arising from finance right-of-use assets	45,455
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Cash and cash equivalents	237,996	11,046
Restricted cash	95,759
Cash pledged as collateral for letters of credit	78,200
Cash deposit against contingencies	11,500
Additional pledged collateral	6,100
Cash and cash equivalents and restricted cash	333,755	11,046	119,308	$ 5,701
Cash paid for interest	132,006	136,106	128,479
Income taxes	241	111	(311)
Noncash Investing and Financing Items [Abstract]
Liability incurred in connection with Term Loan amendment	8,863
Liabilities incurred in connection with acquisitions	975	1,650	1,993
Change in accruals for property, plant and equipment additions	216	$ 1,132	$ 264
Lease liabilities arising from operating right-of-use assets	14,938
Lease liabilities arising from finance right-of-use assets	$ 45,455

Accounts And Notes Receivable, Net And Accounts Receivable Securitization (Details) - USD ($)	Jul. 31, 2020	Jul. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable pledged as collateral	$ 103,703,000	$ 106,145,000
Accounts receivable, not pledged as collateral (including other reserves)	(825,000)	1,218,000
Notes receivable, current portion	12,648,000	2,660,000
Other	36,000	36,000
Less: Allowance for doubtful accounts	(14,124,000)	(2,463,000)
Accounts and notes receivable, net	101,438,000	107,596,000
Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable pledged as collateral	103,703,000	106,145,000
Accounts receivable, not pledged as collateral (including other reserves)	(825,000)	1,218,000
Notes receivable, current portion	12,648,000	2,660,000
Other	36,000	36,000
Less: Allowance for doubtful accounts	(14,124,000)	(2,463,000)
Accounts and notes receivable, net	$ 101,438,000	$ 107,596,000

Accounts And Notes Receivable, Net And Accounts Receivable Securitization - Additional information (Details)					12 Months Ended
	Jul. 01, 2020 USD ($)	Apr. 10, 2020	Apr. 09, 2020	Jun. 25, 2018 USD ($)	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable pledged as collateral					$ 103,703,000	$ 106,145,000
Accounts Receivable Securitization [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable pledged as collateral					103,700,000	106,100,000
Total receipts to date					0	62,000,000
Available proceeds from additional trade accounts receivable					$ 11,000,000	0
Increase in interest rate (as a percent)		0.50%
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required leverage ratio					5.5
Maximum [Member] \| Accounts Receivable Securitization [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Margin added to variable rate (as a percent)		4.50%
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required fixed charge coverage ratio					175.00%
Minimum [Member] \| Accounts Receivable Securitization [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Margin added to variable rate (as a percent)		2.50%
Jamex Marketing, LLC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivable, original principal amount				$ 18,300,000
Notes receivable, payment due	$ 2,500,000
Notes receivable, amount reserved					$ 17,300,000
Notes receivable, current					12,500,000
Accounts Receivable Securitization Facility [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collateralized notes payable					$ 0	$ 62,000,000
Weighted average interest rate of debt						5.50%
Margin added to variable rate (as a percent)		1.00%	0.00%
Agreement extension period		3 years
Accounts Receivable Securitization Facility [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required leverage ratio					3.00
Accounts Receivable Securitization Facility [Member] \| Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required fixed charge coverage ratio					100.00%
Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable pledged as collateral					$ 103,703,000	$ 106,145,000
Ferrellgas, L.P. [Member] \| Accounts Receivable Securitization [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable pledged as collateral					103,700,000	106,100,000
Total receipts to date					0	62,000,000
Available proceeds from additional trade accounts receivable					$ 11,000,000	0
Increase in interest rate (as a percent)		0.50%
Ferrellgas, L.P. [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required leverage ratio					5.5
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Accounts Receivable Securitization [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Margin added to variable rate (as a percent)		4.50%
Ferrellgas, L.P. [Member] \| Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required fixed charge coverage ratio					175.00%
Senior secured leverage ratio					5.5
Ferrellgas, L.P. [Member] \| Minimum [Member] \| Accounts Receivable Securitization [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Margin added to variable rate (as a percent)		2.50%
Ferrellgas, L.P. [Member] \| Jamex Marketing, LLC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivable, original principal amount				$ 18,300,000
Notes receivable, payment due	$ 2,500,000
Notes receivable, amount reserved					$ 17,300,000
Notes receivable, current					12,500,000
Ferrellgas, L.P. [Member] \| Accounts Receivable Securitization Facility [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collateralized notes payable					$ 0	$ 62,000,000
Weighted average interest rate of debt						5.50%
Margin added to variable rate (as a percent)		1.00%	0.00%
Agreement extension period		3 years
Ferrellgas, L.P. [Member] \| Accounts Receivable Securitization Facility [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required leverage ratio					3.00
Ferrellgas, L.P. [Member] \| Accounts Receivable Securitization Facility [Member] \| Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Required fixed charge coverage ratio					100.00%

Goodwill And Intangible Assets, Net - Components (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Goodwill, gross carrying amount	$ 247,195	$ 247,195
Goodwill, net	247,195	247,195
Amortizable intangible assets, gross carrying amount	476,318	471,747
Amortizable intangible assets, accumulated amortization	(423,290)	(414,210)
Amortizable intangible assets, net	53,028	57,537
Intangible assets gross excluding goodwill	527,339	522,767
Intangible assets amortization and impairment net excluding goodwill	(423,290)	(414,210)
Intangible assets net excluding goodwill	104,049	108,557
Trade Names And Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	51,021	51,020
Customer Lists [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortizable intangible assets, gross carrying amount	446,486	442,652
Amortizable intangible assets, accumulated amortization	(397,843)	(390,052)
Amortizable intangible assets, net	48,643	52,600
Non-Compete Agreements [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortizable intangible assets, gross carrying amount	26,319	25,582
Amortizable intangible assets, accumulated amortization	(21,934)	(20,645)
Amortizable intangible assets, net	4,385	4,937
Other Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortizable intangible assets, gross carrying amount	3,513	3,513
Amortizable intangible assets, accumulated amortization	(3,513)	(3,513)
Amortizable intangible assets, net	0	0
Ferrellgas, L.P. [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Goodwill, gross carrying amount	247,195	247,195
Goodwill, net	247,195	247,195
Amortizable intangible assets, gross carrying amount	476,318	471,747
Amortizable intangible assets, accumulated amortization	(423,290)	(414,210)
Amortizable intangible assets, net	53,028	57,537
Intangible assets gross excluding goodwill	527,339	522,767
Intangible assets amortization and impairment net excluding goodwill	(423,290)	(414,210)
Intangible assets net excluding goodwill	104,049	108,557
Ferrellgas, L.P. [Member] \| Trade Names And Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	51,021	51,020
Ferrellgas, L.P. [Member] \| Customer Lists [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortizable intangible assets, gross carrying amount	446,486	442,652
Amortizable intangible assets, accumulated amortization	(397,843)	(390,052)
Amortizable intangible assets, net	48,643	52,600
Ferrellgas, L.P. [Member] \| Non-Compete Agreements [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortizable intangible assets, gross carrying amount	26,319	25,582
Amortizable intangible assets, accumulated amortization	(21,934)	(20,645)
Amortizable intangible assets, net	4,385	4,937
Ferrellgas, L.P. [Member] \| Other Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortizable intangible assets, gross carrying amount	3,513	3,513
Amortizable intangible assets, accumulated amortization	(3,513)	(3,513)
Amortizable intangible assets, net	$ 0	$ 0

Goodwill And Intangible Assets, Net - Goodwill Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 247,195
Impairment	0
Goodwill, ending balance	247,195	$ 247,195
Propane and related equipment sales [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	247,195	246,098
Goodwill acquisitions		1,410
Other		(313)
Goodwill, ending balance	247,195	247,195
Ferrellgas, L.P. [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	247,195
Impairment	0
Goodwill, ending balance	247,195	247,195
Ferrellgas, L.P. [Member] \| Propane and related equipment sales [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	247,195	246,098
Goodwill acquisitions		1,410
Other		(313)
Goodwill, ending balance	$ 247,195	$ 247,195

Goodwill And Intangible Assets, Net - Lives (Details)	12 Months Ended
Goodwill And Intangible Assets, Net - Lives (Details)	Jul. 31, 2020
Minimum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	2 years
Maximum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	15 years
Customer Lists [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset, weighted average useful life	15 years
Customer Lists [Member] \| Maximum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	15 years
Non Compete Agreements And Other Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset, weighted average useful life	10 years
Non Compete Agreements And Other Intangible Assets [Member] \| Minimum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	5 years
Non Compete Agreements And Other Intangible Assets [Member] \| Maximum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	10 years
Ferrellgas, L.P. [Member] \| Minimum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	2 years
Ferrellgas, L.P. [Member] \| Maximum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	15 years
Ferrellgas, L.P. [Member] \| Customer Lists [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	15 years
Intangible asset, weighted average useful life	15 years
Ferrellgas, L.P. [Member] \| Non Compete Agreements And Other Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset, weighted average useful life	10 years
Ferrellgas, L.P. [Member] \| Non Compete Agreements And Other Intangible Assets [Member] \| Minimum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	5 years
Ferrellgas, L.P. [Member] \| Non Compete Agreements And Other Intangible Assets [Member] \| Maximum [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Intangible asset useful life	10 years

Goodwill And Intangible Assets, Net - Aggregate Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Aggregate amortization expense	$ 9,079	$ 14,581	$ 31,345
Ferrellgas, L.P. [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Aggregate amortization expense	$ 9,079	$ 14,581	$ 31,345

Goodwill And Intangible Assets, Net - Estimated Amortization Expense (Details) $ in Thousands	Jul. 31, 2020 USD ($)
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
2021	$ 8,711
2022	7,322
2023	6,995
2024	6,720
2025	4,719
Ferrellgas, L.P. [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
2021	8,711
2022	7,322
2023	6,995
2024	6,720
2025	$ 4,719

Debt - Short-Term Borrowings (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019
Debt Instrument [Line Items]
Short-term borrowings	$ 0	$ 43,000
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Short-term borrowings	$ 0	$ 43,000

The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

Debt - Components Of Long-Term Debt (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jun. 07, 2020	Apr. 30, 2020	Apr. 16, 2020	Jul. 31, 2019	Jan. 31, 2017	Jun. 30, 2015	Jul. 31, 2014	Nov. 30, 2010
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt	$ 2,541,074				$ 2,113,276
Unamortized debt issuance expense	35,583				24,516
Less: current portion of long-term debt	859,095				631,756
Long-term debt	1,646,396				1,457,004
Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 500,000				$ 500,000
Interest rate, as a percent	6.50%				6.50%				6.50%
Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 500,000				$ 500,000
Interest rate, as a percent	6.75%				6.75%		6.75%
Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 475,937				$ 476,633
Interest rate, as a percent	6.75%				6.75%			6.75%
Unamortized premium	$ 937				$ 1,633
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 357,000				$ 355,681
Interest rate, as a percent	8.625%	8.625%			8.625%	8.625%
Unamortized discount	$ 0				$ 1,319
Fixed rate 10.00% Due 2025
Schedule of Capitalization, Long-term Debt [Line Items]
Senior secured debt	$ 703,573
Interest rate, as a percent	10.00%		10.00%	10.00%
Unamortized premium	$ 3,573
Two Thousand and Twenty Three Term Loan [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Senior secured debt					275,000
Notes payable Due 2020 to 2029
Schedule of Capitalization, Long-term Debt [Line Items]
Notes payable	4,564				5,962
Unamortized discount	$ 537				$ 711
Debt, Weighted Average Interest Rate	9.40%				10.70%
Ferrellgas, L.P. [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt	$ 2,184,074				$ 1,757,595
Unamortized debt issuance expense	35,583				23,562
Less: current portion of long-term debt	502,095				277,029
Long-term debt	1,646,396				1,457,004
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 500,000				500,000
Interest rate, as a percent	6.50%								6.50%
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 500,000				500,000
Interest rate, as a percent	6.75%						6.75%
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 475,937				476,633
Interest rate, as a percent	6.75%							6.75%
Unamortized premium	$ 937				1,633
Ferrellgas, L.P. [Member] \| Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 357,000
Interest rate, as a percent	8.625%	8.625%
Ferrellgas, L.P. [Member] \| Fixed rate 10.00% Due 2025
Schedule of Capitalization, Long-term Debt [Line Items]
Senior secured debt	$ 703,573
Interest rate, as a percent	10.00%		10.00%	10.00%
Unamortized premium	$ 3,573
Ferrellgas, L.P. [Member] \| Two Thousand and Twenty Three Term Loan [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Senior secured debt	0				275,000
Ferrellgas, L.P. [Member] \| Notes payable Due 2020 to 2029
Schedule of Capitalization, Long-term Debt [Line Items]
Notes payable	4,564				5,962
Unamortized discount	$ 537				$ 711
Debt, Weighted Average Interest Rate	9.40%				10.70%

Debt - Long-Term Debt Activity (Details) - USD ($) $ in Thousands		1 Months Ended		12 Months Ended
	Apr. 16, 2020	Apr. 30, 2020	Jan. 31, 2017	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2014	Jun. 07, 2020	Jun. 30, 2015	Mar. 31, 2011	Nov. 30, 2010	Apr. 30, 2010
Debt Instrument [Line Items]
Cash deposit against contingencies				$ 11,500
Non-cash write-offs of unamortized debt discount and related capitalized debt costs				$ 19,883	$ 0	$ 0
Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Debt Instrument [Line Items]
Interest rate, as a percent				6.50%	6.50%						6.50%
Issuance price as percent of par			96.00%
Aggregate principal amount											$ 500,000
Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Debt Instrument [Line Items]
Interest rate, as a percent				6.75%	6.75%				6.75%
Aggregate principal amount									$ 500,000
Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Interest rate, as a percent				6.75%	6.75%		6.75%
Aggregate principal amount							$ 475,000
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Interest rate, as a percent			8.625%	8.625%	8.625%			8.625%
Net proceeds			$ 166,100
Aggregate principal amount			$ 175,000	$ 357,000								$ 280,000
Amount redeemed										$ 98,000
Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Interest rate, as a percent	10.00%	10.00%		10.00%
Aggregate principal amount	$ 700,000	$ 700,000
Senior Secured Credit Facility May 2018 [Member]
Debt Instrument [Line Items]
Outstanding borrowing repaid	283,900	283,900
Accrued interest paid	3,100	3,100
Cash deposit against contingencies	11,500	11,500
Prepayment premium paid	$ 17,500	17,500
Non-cash write-offs of unamortized debt discount and related capitalized debt costs		19,900
Debt Instrument Issued At Par [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Aggregate principal amount							$ 325,000
Debt Instrument Issued At Par [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount		$ 575,000
Debt Instrument Issued At Other Than Par [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Issuance price as percent of par							104.00%
Aggregate principal amount							$ 150,000
Debt Instrument Issued At Other Than Par [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Issuance price as percent of par		103.00%
Aggregate principal amount		$ 125,000
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Cash deposit against contingencies				$ 11,500
Non-cash write-offs of unamortized debt discount and related capitalized debt costs				$ 19,883
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Debt Instrument [Line Items]
Interest rate, as a percent				6.50%							6.50%
Aggregate principal amount				$ 500,000							$ 500,000
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Debt Instrument [Line Items]
Interest rate, as a percent				6.75%					6.75%
Aggregate principal amount				$ 500,000					$ 500,000
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Interest rate, as a percent				6.75%			6.75%
Aggregate principal amount							$ 475,000
Ferrellgas, L.P. [Member] \| Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Interest rate, as a percent				8.625%				8.625%
Ferrellgas, L.P. [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Interest rate, as a percent	10.00%	10.00%		10.00%
Aggregate principal amount	$ 700,000	$ 700,000
Ferrellgas, L.P. [Member] \| Senior Secured Credit Facility May 2018 [Member]
Debt Instrument [Line Items]
Outstanding borrowing repaid	283,900	283,900
Accrued interest paid	3,100	3,100
Cash deposit against contingencies	11,500	11,500
Prepayment premium paid	$ 17,500	17,500
Non-cash write-offs of unamortized debt discount and related capitalized debt costs		19,900
Ferrellgas, L.P. [Member] \| Debt Instrument Issued At Par [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Aggregate principal amount							$ 325,000
Ferrellgas, L.P. [Member] \| Debt Instrument Issued At Par [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount		$ 575,000
Ferrellgas, L.P. [Member] \| Debt Instrument Issued At Other Than Par [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Issuance price as percent of par							104.00%
Aggregate principal amount							$ 150,000
Ferrellgas, L.P. [Member] \| Debt Instrument Issued At Other Than Par [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Issuance price as percent of par		103.00%
Aggregate principal amount		$ 125,000

Debt Maturities (Details) $ in Thousands	Jul. 31, 2020 USD ($)
Debt Instrument [Line Items]
2021	$ 859,120
2022	476,435
2023	500,999
2024	329
2025	700,199
Thereafter	19
Total long-term debt	2,537,101
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
2021	502,120
2022	476,435
2023	500,999
2024	329
2025	700,199
Thereafter	19
Total long-term debt	$ 2,180,101

Debt - Secured Senior Note and Credit Facility (Details) - USD ($) $ in Thousands				1 Months Ended	12 Months Ended
	Apr. 16, 2020	Apr. 10, 2020	Apr. 09, 2020	Apr. 30, 2020	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018	Jun. 07, 2020	Jan. 31, 2017	Jul. 31, 2014	Apr. 30, 2010
Debt Instrument [Line Items]
Cash deposit against contingencies					$ 11,500
Short-term borrowings					0	$ 43,000
Letters of credit outstanding					126,000	101,900
Cash pledged as collateral for letters of credit					78,200
Line of credit facility, commitment fee					500	1,000	$ 700
Accounts Receivable Securitization Facility [Member]
Debt Instrument [Line Items]
Aggregate principal amount					0	$ 62,000
Margin added to variable rate (as a percent)		1.00%	0.00%
Interest rate at period end						5.50%
Letters of credit outstanding					50,000
Senior Secured Credit Facility May 2018 [Member]
Debt Instrument [Line Items]
Outstanding borrowing repaid	$ 283,900			$ 283,900
Accrued interest paid	3,100			3,100
Prepayment premium paid	17,500			17,500
Cash deposit against contingencies	11,500			11,500
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate at period end						9.47%
Short-term borrowings						$ 43,000
Available borrowing capacity						155,100
Letter of Credit [Member]
Debt Instrument [Line Items]
Available borrowing capacity						23,100
Cash pledged as collateral for letters of credit					$ 78,200
Two Thousand and Twenty Three Term Loan [Member]
Debt Instrument [Line Items]
Term Loan, current						275,000
Secured Debt						$ 275,000
Interest rate at period end						8.16%
Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Aggregate principal amount										$ 475,000
Interest rate, as a percent					6.75%	6.75%				6.75%
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Aggregate principal amount					$ 357,000				$ 175,000		$ 280,000
Interest rate, as a percent					8.625%	8.625%		8.625%	8.625%
Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount	$ 700,000			$ 700,000
Interest rate, as a percent	10.00%			10.00%	10.00%
Secured Debt					$ 703,573
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Cash deposit against contingencies					11,500
Short-term borrowings					0	$ 43,000
Letters of credit outstanding					126,000	101,900
Cash pledged as collateral for letters of credit					78,200
Line of credit facility, commitment fee					500	1,000	$ 700
Ferrellgas, L.P. [Member] \| Accounts Receivable Securitization Facility [Member]
Debt Instrument [Line Items]
Aggregate principal amount					0	$ 62,000
Margin added to variable rate (as a percent)		1.00%	0.00%
Interest rate at period end						5.50%
Letters of credit outstanding					50,000
Ferrellgas, L.P. [Member] \| Senior Secured Credit Facility May 2018 [Member]
Debt Instrument [Line Items]
Outstanding borrowing repaid	$ 283,900			$ 283,900
Accrued interest paid	3,100			3,100
Prepayment premium paid	17,500			17,500
Cash deposit against contingencies	11,500			11,500
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate at period end						9.47%
Short-term borrowings						$ 43,000
Available borrowing capacity						155,100
Ferrellgas, L.P. [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Available borrowing capacity						23,100
Ferrellgas, L.P. [Member] \| Two Thousand and Twenty Three Term Loan [Member]
Debt Instrument [Line Items]
Term Loan, current						275,000
Secured Debt					$ 0	$ 275,000
Interest rate at period end						8.16%
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Debt Instrument [Line Items]
Aggregate principal amount										$ 475,000
Interest rate, as a percent					6.75%					6.75%
Ferrellgas, L.P. [Member] \| Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Interest rate, as a percent					8.625%			8.625%
Ferrellgas, L.P. [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount	$ 700,000			$ 700,000
Interest rate, as a percent	10.00%			10.00%	10.00%
Secured Debt					$ 703,573

Debt - Forbearance and Covenants (Details)		1 Months Ended					3 Months Ended	12 Months Ended
Debt - Forbearance and Covenants (Details)	Jun. 07, 2020	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jul. 31, 2020 USD ($)	Jul. 31, 2020 USD ($) item	Apr. 30, 2020	Apr. 16, 2020	Jul. 31, 2019 USD ($)	Jan. 31, 2017
Debt Instrument [Line Items]
Dividends allowed							$ 0
Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	8.625%						8.625%	8.625%			8.625%	8.625%
Aggregate principal percentage under forbearance	77.00%
Unsecured senior notes							$ 357,000,000	$ 357,000,000			$ 355,681,000
Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Interest rate, as a percent							10.00%	10.00%	10.00%	10.00%
Maximum [Member]
Debt Instrument [Line Items]
Current fixed charge coverage ratio		175.00%	175.00%	175.00%	175.00%	175.00%
Required leverage ratio								5.5
Minimum [Member]
Debt Instrument [Line Items]
Required fixed charge coverage ratio								175.00%
Ferrellgas Partners LP [Member]
Debt Instrument [Line Items]
Number of quarters for required fixed charge coverage ratio \| item								4
Maximum restricted payments								$ 50,000,000
Number of quarters for restricted payments \| item								16
Current fixed charge coverage ratio								140.00%
Ferrellgas Partners LP [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Required fixed charge coverage ratio								175.00%
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Number of quarters for required fixed charge coverage ratio								4
Number of quarters for restricted payments \| item								4
Current fixed charge coverage ratio								170.00%
Ferrellgas, L.P. [Member] \| Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Interest rate, as a percent	8.625%						8.625%	8.625%
Aggregate principal percentage under forbearance	77.00%
Unsecured senior notes							$ 357,000,000	$ 357,000,000
Ferrellgas, L.P. [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Interest rate, as a percent							10.00%	10.00%	10.00%	10.00%
Ferrellgas, L.P. [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Required leverage ratio								5.5
Ferrellgas, L.P. [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Required fixed charge coverage ratio								175.00%
Current fixed charge coverage ratio								550.00%
Senior secured leverage ratio							5.5	5.5

Partners' Deficit - Limited Partner Units (Details) - shares	Jul. 31, 2020	Jul. 31, 2019
Capital Unit [Line Items]
Common unitholders, units outstanding	97,152,665	97,152,665
Ferrell Companies [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	22,529,361	22,529,361
FCI Trading Corp. [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	195,686	195,686
Ferrell Propane, Inc. [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	51,204	51,204
James E. Ferrell [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	4,763,475	4,763,475
Public Common Unitholders [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	69,612,939	69,612,939

Partners' Deficit - Ownership (Details) - shares	12 Months Ended
Partners' Deficit - Ownership (Details) - shares	Jul. 31, 2020	Jul. 31, 2019
Capital Unit [Line Items]
Common unitholders, units outstanding	97,152,665	97,152,665
Minimum percentage ownership of outstanding common units resulting in non voting of owners	20.00%
Ferrell Companies [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	22,529,361	22,529,361
James E. Ferrell [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	4,763,475	4,763,475
Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
Limited partner ownership interest	98.00%
General partner ownership interest	2.00%	2.00%
Ferrellgas Partners LP [Member] \| Ferrell Companies [Member]
Capital Unit [Line Items]
Limited partner ownership interest	23.40%
Ferrell Companies [Member] \| Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
Limited partner ownership interest	23.00%
FCI Trading Corp. [Member] \| Ferrell Companies [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	195,686
Ferrell Propane, Inc. [Member] \| Ferrell Companies [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	51,204
JEF Capital Management [Member] \| James E. Ferrell [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	4,758,859
Ferrell Resources Holdings, Inc. [Member] \| Ferrellgas Partners LP [Member] \| James E. Ferrell [Member]
Capital Unit [Line Items]
Common unitholders, units outstanding	4,616
Ferrellgas Inc., General Partner [Member] \| Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
General partner ownership interest	1.00%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
General partner ownership interest	1.0101%	1.0101%

Partners' Deficit - Paid Distributions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Limited Partners' Capital Account [Line Items]
Distributions paid	$ 158	$ 10,229	$ 39,970
Parent [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	0	9,814	39,254
Parent [Member] \| Ferrell Companies [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		2,253	9,012
Parent [Member] \| FCI Trading Corp. [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		20	80
Parent [Member] \| Ferrell Propane, Inc. [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		5	20
Parent [Member] \| James E. Ferrell [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		476	1,904
Parent [Member] \| Ferrellgas Inc., General Partner [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		98	392
Common Unitholders [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		9,716	38,862
Public Common Unitholders [Member] \| Parent [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		6,962	27,846
General Partner [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		98	392
Ferrellgas, L.P. [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	15,654	41,121	70,962
Ferrellgas, L.P. [Member] \| Ferrellgas Inc., General Partner [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	158	415	716
Ferrellgas, L.P. [Member] \| Ferrellgas Partners LP [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	15,496	40,706	70,246
Ferrellgas, L.P. [Member] \| Common Unitholders [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	15,496	40,706	70,246
Ferrellgas, L.P. [Member] \| General Partner [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	$ 158	$ 415	$ 716

Partners' Deficit - Contributions and AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	$ 2,871	$ 5,693	$ 13,859
Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
General partner ownership interest	2.00%	2.00%
Common Unitholders [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	$ 2,814	$ 5,579	13,582
General Partner [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	28	56	137
Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	2,871	5,693	13,859
Ferrellgas, L.P. [Member] \| Common Unitholders [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	2,842	5,635	13,719
Ferrellgas, L.P. [Member] \| General Partner [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	29	58	$ 140
Ferrellgas Inc., General Partner [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges	$ 57,000	$ 100
Ferrellgas Inc., General Partner [Member] \| Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
General partner ownership interest	1.0101%	1.0101%
Ferrellgas Inc., General Partner [Member] \| Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
General partner ownership interest	1.00%

Revenue from contracts with customers (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Disaggregation of Revenue [Line Items]
Accounts receivable collection period													30 days
Residential customer, annual cost spread period													12 months
Rental income recognition period													1 year
Revenues	$ 281,649	$ 412,130	$ 510,833	$ 293,214	$ 279,081	$ 479,625	$ 573,377	$ 352,309	$ 347,521	$ 515,810	$ 755,156	$ 454,655	$ 1,497,826	$ 1,684,392	$ 2,073,142
Contract assets and liabilities
Accounts receivable	108,483				96,450								108,483	96,450
Contract assets	7,079				13,609								7,079	13,609
Contract liabilities
Deferred revenue	$ 42,911				31,974								42,911	31,974
Deferred revenue recognized													$ 29,800
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-08-01
Contract liabilities
Remaining performance obligation recognition period	1 year												1 year
Propane And Related Equipment [Member]
Disaggregation of Revenue [Line Items]
Revenues													$ 1,497,826
Retail Sales To End Users [Member]
Disaggregation of Revenue [Line Items]
Revenues													964,087
Wholesale Sales To Resellers [Member]
Disaggregation of Revenue [Line Items]
Revenues													430,435
Other Gas Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues													21,269
Other Revenues
Disaggregation of Revenue [Line Items]
Revenues													$ 82,035	75,534	147,847
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Propane And Related Equipment [Member]
Disaggregation of Revenue [Line Items]
Revenues														1,684,392	1,790,823
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Retail Sales To End Users [Member]
Disaggregation of Revenue [Line Items]
Revenues														1,128,991	1,082,046
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Wholesale Sales To Resellers [Member]
Disaggregation of Revenue [Line Items]
Revenues														419,349	448,943
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Other Gas Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues														60,518	111,987
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Other Revenues
Disaggregation of Revenue [Line Items]
Revenues														75,534	147,847
Ferrellgas, L.P. [Member]
Disaggregation of Revenue [Line Items]
Accounts receivable collection period													30 days
Residential customer, annual cost spread period													12 months
Rental income recognition period													1 year
Revenues	$ 281,649	$ 412,130	$ 510,833	$ 293,214	279,081	$ 479,625	$ 573,377	$ 352,309	$ 347,521	$ 515,810	$ 755,156	$ 454,655	$ 1,497,826	1,684,392	2,073,142
Contract assets and liabilities
Accounts receivable	108,483				96,450								108,483	96,450
Contract assets	7,079				13,609								7,079	13,609
Contract liabilities
Deferred revenue	$ 42,911				$ 31,974								42,911	31,974
Deferred revenue recognized													$ 29,800
Ferrellgas, L.P. [Member] \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-08-01
Contract liabilities
Remaining performance obligation recognition period	1 year												1 year
Ferrellgas, L.P. [Member] \| Propane And Related Equipment [Member]
Disaggregation of Revenue [Line Items]
Revenues													$ 1,497,826
Ferrellgas, L.P. [Member] \| Retail Sales To End Users [Member]
Disaggregation of Revenue [Line Items]
Revenues													964,087
Ferrellgas, L.P. [Member] \| Wholesale Sales To Resellers [Member]
Disaggregation of Revenue [Line Items]
Revenues													430,435
Ferrellgas, L.P. [Member] \| Other Gas Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues													21,269
Ferrellgas, L.P. [Member] \| Other Revenues
Disaggregation of Revenue [Line Items]
Revenues													$ 82,035	75,534	147,847
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Disaggregation of Revenue [Line Items]
Revenues															2,073,142
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Propane And Related Equipment [Member]
Disaggregation of Revenue [Line Items]
Revenues														1,684,392	1,790,823
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Retail Sales To End Users [Member]
Disaggregation of Revenue [Line Items]
Revenues														1,128,991	1,082,046
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Wholesale Sales To Resellers [Member]
Disaggregation of Revenue [Line Items]
Revenues														419,349	448,943
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Other Gas Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues														60,518	111,987
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Other Revenues
Disaggregation of Revenue [Line Items]
Revenues														$ 75,534	$ 147,847

Fair Value Measurements - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	$ 3,112	$ 1,259
Commodity derivatives propane swap liabilities	(5,425)	(16,015)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	0	0
Commodity derivatives propane swap liabilities	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	3,112	1,259
Commodity derivatives propane swap liabilities	(5,425)	(16,015)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	0	0
Commodity derivatives propane swap liabilities	0	0
Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	3,112	1,259
Commodity derivatives propane swap liabilities	(5,425)	(16,015)
Ferrellgas, L.P. [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	0	0
Commodity derivatives propane swap liabilities	0	0
Ferrellgas, L.P. [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	3,112	1,259
Commodity derivatives propane swap liabilities	(5,425)	(16,015)
Ferrellgas, L.P. [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	0	0
Commodity derivatives propane swap liabilities	$ 0	$ 0

Fair Value Measurements - Other Financial Instruments (Details) - USD ($) $ in Millions	Jul. 31, 2020	Jul. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 2,177.1	$ 1,824.6
Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 2,054.4	$ 1,562.2

Derivative Instruments and Hedging Activities - Balance Sheet (Details) - USD ($)	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Derivatives, Fair Value [Line Items]
Gain (loss) recognized due to ineffectiveness	$ 0
Gain (loss) recognized due to ineffectiveness, pre-adoption		$ 0
Commodity derivatives propane swap assets	3,112,000	1,259,000
Derivative Asset, Fair Value, Gross Asset	3,112,000	1,259,000
Commodity derivatives propane swap liabilities	5,425,000	16,015,000
Derivative Liability, Fair Value, Gross Liability	5,425,000	16,015,000
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	2,846,000	910,000
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	5,029,000	14,198,000
Other Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	266,000	349,000
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	396,000	1,817,000
Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Gain (loss) recognized due to ineffectiveness	0
Gain (loss) recognized due to ineffectiveness, pre-adoption		0
Commodity derivatives propane swap assets	3,112,000	1,259,000
Derivative Asset, Fair Value, Gross Asset	3,112,000	1,259,000
Commodity derivatives propane swap liabilities	5,425,000	16,015,000
Derivative Liability, Fair Value, Gross Liability	5,425,000	16,015,000
Ferrellgas, L.P. [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	2,846,000	910,000
Ferrellgas, L.P. [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	5,029,000	14,198,000
Ferrellgas, L.P. [Member] \| Other Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	266,000	349,000
Ferrellgas, L.P. [Member] \| Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	$ 396,000	$ 1,817,000

Derivative Instruments and Hedging Activities - Derivative Collateral (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	$ 15,831	$ 27,997
Derivative Liability, Fair Value of Collateral	510	1,217
Prepaid Expenses and Other Current Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	14,398	25,028
Other Current Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	510	1,217
Other Assets, Net [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	1,433	2,969
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	15,831	27,997
Derivative Liability, Fair Value of Collateral	510	1,217
Ferrellgas, L.P. [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	14,398	25,028
Ferrellgas, L.P. [Member] \| Other Current Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	510	1,217
Ferrellgas, L.P. [Member] \| Other Assets, Net [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	$ 1,433	$ 2,969

Derivative Instruments and Hedging Activities - Effect on Earnings (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Derivative [Line Items]
Swap Termination Payment			$ 4,200
Interest expense	$ (192,962)	$ (177,619)	(168,467)
Interest Rate Swap [Member]
Derivative [Line Items]
Amount of Gain Recognized			266
Interest expense			(6,825)
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Swap Termination Payment			4,200
Interest expense	$ (159,889)	$ (142,635)	(133,946)
Ferrellgas, L.P. [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Amount of Gain Recognized			266
Interest expense			$ (6,825)

Derivative Instruments and Hedging Activities - Effect on Comprehensive Income and Change in FV (Details) - USD ($)	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	$ (22,872,000)
Amount of gain (loss) recognized in AOCI on derivative, pre-adoption		$ (48,184,000)	$ 30,231,000
Amount of gain (loss) reclassified from AOCI into income	(35,315,000)
Amount of gain (loss) reclassified from AOCI into income, pre-adoption		(12,868,000)	24,319,000
Amount of gain (loss) reclassified, ineffective portion	0	0	0
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0	0
Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	(22,872,000)
Amount of gain (loss) recognized in AOCI on derivative, pre-adoption		(48,184,000)	30,231,000
Interest Rate Swap [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income, pre-adoption			(395,000)
Amount of gain (loss) reclassified, ineffective portion			0
Cost of Sales [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income	(35,315,000)
Amount of gain (loss) reclassified from AOCI into income, pre-adoption		(12,868,000)	24,714,000
Amount of gain (loss) reclassified, ineffective portion	0	0	0
Midstream Operations [Member] \| Cost of Sales [Member]
Derivative [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net			(3,470,000)
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	(22,872,000)
Amount of gain (loss) recognized in AOCI on derivative, pre-adoption		(48,184,000)	30,231,000
Amount of gain (loss) reclassified from AOCI into income	(35,315,000)
Amount of gain (loss) reclassified from AOCI into income, pre-adoption		(12,868,000)	24,319,000
Amount of gain (loss) reclassified, ineffective portion	0	0	0
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	0	0
Ferrellgas, L.P. [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	(22,872,000)
Amount of gain (loss) recognized in AOCI on derivative, pre-adoption		(48,184,000)	30,231,000
Ferrellgas, L.P. [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income, pre-adoption			(395,000)
Ferrellgas, L.P. [Member] \| Cost of Sales [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income	(35,315,000)
Amount of gain (loss) reclassified from AOCI into income, pre-adoption		(12,868,000)	24,714,000
Amount of gain (loss) reclassified, ineffective portion	$ 0	$ 0	0
Ferrellgas, L.P. [Member] \| Midstream Operations [Member] \| Cost of Sales [Member]
Derivative [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net			$ (3,470,000)

Derivative Instruments and Hedging Activities - AOCI Rollforward (Details)	12 Months Ended			36 Months Ended
	Jul. 31, 2020 USD ($) MMBbls	Jul. 31, 2019 USD ($)	Jul. 31, 2018 USD ($)	Jul. 31, 2020 USD ($)
Derivative [Line Items]
Partners' capital balance, beginning	$ (1,138,938,000)	$ (1,034,477,000)	$ (757,510,000)	$ (757,510,000)
Change in value of derivative	(22,872,000)
Change in value of derivative, pre-adoption		(48,184,000)	30,231,000
Reclassification of losses on derivatives to earnings, net	35,315,000
Reclassification of losses on derivatives to earnings, net, pre-adoption		12,868,000	(24,319,000)
Partners' capital balance, ending	(1,208,268,000)	(1,138,938,000)	(1,034,477,000)	(1,208,268,000)
Reclassification of net losses to earnings during next 12 months	$ (2,200,000)
Gain (loss) on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring, net				0
Number of barrels of propane covered by cash flow hedges \| MMBbls	4.0
Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	$ (14,756,000)
Partners' capital balance, ending	(2,313,000)	(14,756,000)		(2,313,000)
Accumulated Net Gain (Loss) from Cash Flow Hedges, pre-adoption
Derivative [Line Items]
Partners' capital balance, beginning	(14,756,000)	20,560,000	14,648,000	14,648,000
Partners' capital balance, ending		(14,756,000)	20,560,000
Commodity Derivatives Propane [Member] \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Change in value of derivative	(22,872,000)
Reclassification of losses on derivatives to earnings, net	35,315,000
Commodity Derivatives Propane [Member] \| Accumulated Net Gain (Loss) from Cash Flow Hedges, pre-adoption
Derivative [Line Items]
Change in value of derivative, pre-adoption		(48,184,000)	30,231,000
Reclassification of losses on derivatives to earnings, net, pre-adoption		12,868,000	(24,714,000)
Interest Rate Swap [Member] \| Accumulated Net Gain (Loss) from Cash Flow Hedges, pre-adoption
Derivative [Line Items]
Reclassification of losses on derivatives to earnings, net, pre-adoption			395,000
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Partners' capital balance, beginning	(780,403,000)	(680,078,000)	(406,798,000)	(406,798,000)
Change in value of derivative	(22,872,000)
Change in value of derivative, pre-adoption		(48,184,000)	30,231,000
Reclassification of losses on derivatives to earnings, net	35,315,000
Reclassification of losses on derivatives to earnings, net, pre-adoption		12,868,000	(24,319,000)
Partners' capital balance, ending	(831,991,000)	(780,403,000)	(680,078,000)	(831,991,000)
Reclassification of net losses to earnings during next 12 months	(2,200,000)
Gain (loss) on discontinuation of cash flow hedge due to forecasted transaction probable of not occurring, net	$ 0	0	0
Number of barrels of propane covered by cash flow hedges \| MMBbls	4.0
Ferrellgas, L.P. [Member] \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	$ (14,756,000)
Partners' capital balance, ending	(2,313,000)	(14,756,000)		(2,313,000)
Ferrellgas, L.P. [Member] \| Accumulated Net Gain (Loss) from Cash Flow Hedges, pre-adoption
Derivative [Line Items]
Partners' capital balance, beginning	(14,756,000)	20,560,000	14,648,000	$ 14,648,000
Partners' capital balance, ending		(14,756,000)	20,560,000
Ferrellgas, L.P. [Member] \| Commodity Derivatives Propane [Member] \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Change in value of derivative	(22,872,000)
Reclassification of losses on derivatives to earnings, net	$ 35,315,000
Ferrellgas, L.P. [Member] \| Commodity Derivatives Propane [Member] \| Accumulated Net Gain (Loss) from Cash Flow Hedges, pre-adoption
Derivative [Line Items]
Change in value of derivative, pre-adoption		(48,184,000)	30,231,000
Reclassification of losses on derivatives to earnings, net, pre-adoption		$ 12,868,000	(24,714,000)
Ferrellgas, L.P. [Member] \| Interest Rate Swap [Member] \| Accumulated Net Gain (Loss) from Cash Flow Hedges, pre-adoption
Derivative [Line Items]
Reclassification of losses on derivatives to earnings, net, pre-adoption			$ 395,000

Derivative Instruments and Hedging Activities - Credit Risk (Details) $ in Millions	Jul. 31, 2020 USD ($)
Derivative [Line Items]
Maximum loss due to credit risk	$ 0.0
Open derivative contracts with credit risk features	0.0
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Maximum loss due to credit risk	0.0
Open derivative contracts with credit risk features	$ 0.0

Transactions With Related Parties (Details) $ in Thousands	12 Months Ended
Transactions With Related Parties (Details) $ in Thousands	Jul. 31, 2020 USD ($) employee	Jul. 31, 2019 USD ($)	Jul. 31, 2018 USD ($)
Related Party Transaction [Line Items]
Entity Number of Employees \| employee	0
Operating Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party \| $	$ 260,427	$ 256,190	$ 243,407
General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party \| $	$ 29,859	25,368	28,282
Ferrellgas, L.P. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee	0
Ferrellgas, L.P. [Member] \| Operating Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party \| $	$ 260,427	256,190	243,407
Ferrellgas, L.P. [Member] \| General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party \| $	$ 29,859	$ 25,368	$ 28,282
Ferrellgas Finance Corp. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee	0
Ferrellgas Partners Finance Corp. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee	0

Contingencies And Commitments (Details) $ in Thousands		1 Months Ended
Contingencies And Commitments (Details) $ in Thousands	Feb. 02, 2017 item	Aug. 31, 2019 USD ($) item	Jul. 31, 2020 USD ($) item
Class Action Related To Cylinder Fill Level [Member]
Loss Contingencies [Line Items]
Settlement paid \| $		$ 6,250
Number of claims dismissed \| item		11
Number of cases \| item		24	13
Lawsuit Related To Sale Of Jamex Transfer Services [Member]
Loss Contingencies [Line Items]
Number of former officers \| item	2
Ferrellgas Partners Finance Corp. [Member]
Loss Contingencies [Line Items]
Liability as co-issuer \| $			$ 357,000
Ferrellgas Finance Corp. [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Loss Contingencies [Line Items]
Liability as co-issuer \| $			500,000
Ferrellgas Finance Corp. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Loss Contingencies [Line Items]
Liability as co-issuer \| $			500,000
Ferrellgas Finance Corp. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Loss Contingencies [Line Items]
Liability as co-issuer \| $			$ 475,000
Ferrellgas, L.P. [Member] \| Class Action Related To Cylinder Fill Level [Member]
Loss Contingencies [Line Items]
Settlement paid \| $		$ 6,250
Number of claims dismissed \| item		11
Number of cases \| item		24	13
Ferrellgas, L.P. [Member] \| Lawsuit Related To Sale Of Jamex Transfer Services [Member]
Loss Contingencies [Line Items]
Number of former officers \| item	2

Employee Benefits (Details) $ in Thousands	12 Months Ended
Employee Benefits (Details) $ in Thousands	Jul. 31, 2020 USD ($) employee	Jul. 31, 2019 USD ($)	Jul. 31, 2018 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees \| employee	0
Non-cash employee stock ownership plan compensation charge	$ 2,871	$ 5,693	$ 13,859
Contributions to defined contribution plan	4,800	4,600	3,700
Defined benefit plan adjustments to other comprehensive income and other liabilities	$ (100)	(100)	100
Ferrellgas, L.P. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of employees \| employee	0
Non-cash employee stock ownership plan compensation charge	$ 2,871	5,693	13,859
Contributions to defined contribution plan	4,800	4,600	3,700
Defined benefit plan adjustments to other comprehensive income and other liabilities	$ (100)	$ (100)	$ 100

Net Earnings (Loss) Per Common Unitholders' Interest (Details) - USD ($)	3 Months Ended												12 Months Ended
	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Earnings Distribution Allocation [Line Items]
Value of dilutive securities													$ 0	$ 0	$ 0
Common unitholders' interest in net earnings (loss)	$ (69,269,000)	$ (15,239,000)	$ 47,725,000	$ (44,891,000)	$ (70,327,000)	$ 20,256,000	$ 42,911,000	$ (56,445,000)	$ (213,527,000)	$ 10,752,000	$ (1,824,000)	$ (47,436,000)	$ (81,674,000)	$ (63,605,000)	$ (252,035,000)
Weighted average common units outstanding, basic and diluted													97,152,700	97,152,700	97,152,700
Basic and diluted net loss per common unit	$ (0.71)	$ (0.16)	$ 0.49	$ (0.46)	$ (0.72)	$ 0.21	$ 0.44	$ (0.58)	$ (2.20)	$ 0.11	$ (0.02)	$ (0.49)	$ (0.84)	$ (0.65)	$ (2.59)
Upper Range [Member] \| Common Unitholders [Member]
Earnings Distribution Allocation [Line Items]
Ratio of total distributions payable													51.50%
Upper Range [Member] \| General Partner [Member]
Earnings Distribution Allocation [Line Items]
Ratio of total distributions payable													48.50%
Middle Range [Member] \| Common Unitholders [Member]
Earnings Distribution Allocation [Line Items]
Ratio of total distributions payable													76.80%
Middle Range [Member] \| General Partner [Member]
Earnings Distribution Allocation [Line Items]
Ratio of total distributions payable													23.20%
Lower Range [Member] \| Common Unitholders [Member]
Earnings Distribution Allocation [Line Items]
Ratio of total distributions payable													86.90%
Lower Range [Member] \| General Partner [Member]
Earnings Distribution Allocation [Line Items]
Ratio of total distributions payable													13.10%
Minimum [Member] \| Upper Range [Member]
Earnings Distribution Allocation [Line Items]
Earnings Per Share, Basic, Distributed													$ 0.83
Minimum [Member] \| Middle Range [Member]
Earnings Distribution Allocation [Line Items]
Earnings Per Share, Basic, Distributed													0.64
Minimum [Member] \| Lower Range [Member]
Earnings Distribution Allocation [Line Items]
Earnings Per Share, Basic, Distributed													0.56
Maximum [Member] \| Middle Range [Member]
Earnings Distribution Allocation [Line Items]
Earnings Per Share, Basic, Distributed													0.82
Maximum [Member] \| Lower Range [Member]
Earnings Distribution Allocation [Line Items]
Earnings Per Share, Basic, Distributed													$ 0.63

Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Income Tax Disclosure [Line Items]
Deferred income tax expense (benefit)	$ 554,000	$ 143,000	$ (3,818,000)
Deferred tax assets	4,000	631,000
Ferrellgas Partners Finance Corp. [Member]
Income Tax Disclosure [Line Items]
Deferred tax assets, operating loss carryforwards		7,606
Net operating loss carryforward		36,221
Valuation allowance provided for deferred tax asset	7,606
Deferred income tax expense (benefit)	0	0	0
Deferred tax assets	0	0	0
Ferrellgas Finance Corp. [Member]
Income Tax Disclosure [Line Items]
Deferred tax assets, operating loss carryforwards		17,426
Net operating loss carryforward		82,979
Valuation allowance provided for deferred tax asset	17,426
Deferred income tax expense (benefit)	0	0	$ 0
Deferred tax assets	$ 0	$ 0

Quarterly Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Interim Period, Costs Not Allocable [Line Items]
Goodwill, Impairment Loss													$ 0
Revenues	$ 281,649	$ 412,130	$ 510,833	$ 293,214	$ 279,081	$ 479,625	$ 573,377	$ 352,309	$ 347,521	$ 515,810	$ 755,156	$ 454,655	1,497,826	$ 1,684,392	$ 2,073,142
Net loss	(70,605)	(15,471)	48,791	(45,717)					(217,797)	11,062	(1,774)	(48,316)	(83,002)	(64,545)	(256,825)
Net earnings (loss)	(69,969)	(15,393)	48,207	(45,344)	(71,037)	20,461	43,344	(57,015)	(215,684)	10,861	(1,843)	(47,915)	(82,499)	(64,247)	(254,581)
Common unitholders' interest in net earnings (loss)	$ (69,269)	$ (15,239)	$ 47,725	$ (44,891)	$ (70,327)	$ 20,256	$ 42,911	$ (56,445)	$ (213,527)	$ 10,752	$ (1,824)	$ (47,436)	$ (81,674)	$ (63,605)	$ (252,035)
Basic and diluted net loss per common unit	$ (0.71)	$ (0.16)	$ 0.49	$ (0.46)	$ (0.72)	$ 0.21	$ 0.44	$ (0.58)	$ (2.20)	$ 0.11	$ (0.02)	$ (0.49)	$ (0.84)	$ (0.65)	$ (2.59)
Loss on extinguishment of debt		$ 37,400											$ 37,399
Asset impairments											$ 10,000		0	$ 0	$ 10,005
Propane and related equipment sales [Member]
Interim Period, Costs Not Allocable [Line Items]
Gross margin from propane and other gas liquids sales (a)	$ 140,497	215,480	$ 247,404	$ 139,357	$ 127,764	$ 209,167	$ 238,581	$ 130,830	$ 126,115	$ 190,883	229,321	$ 123,243
Consolidated Midstream Operations [Member]
Interim Period, Costs Not Allocable [Line Items]
Gross margin from propane and other gas liquids sales (a)									(4,161)	8,077	10,209	12,635
Net loss					(71,672)	20,760	43,875	(57,508)
Ferrellgas, L.P. [Member]
Interim Period, Costs Not Allocable [Line Items]
Goodwill, Impairment Loss													0
Revenues	281,649	412,130	510,833	293,214	279,081	479,625	573,377	352,309	347,521	515,810	755,156	454,655	1,497,826	1,684,392	2,073,142
Net loss	(62,902)	(7,720)	57,756	(36,898)	(62,874)	29,554	52,617	(48,814)	(209,134)	19,840	6,847	(39,699)	(49,764)	$ (29,517)	(222,146)
Loss on extinguishment of debt		37,400											$ 37,399
Asset impairments											10,000				$ 10,005
Ferrellgas, L.P. [Member] \| Propane and related equipment sales [Member]
Interim Period, Costs Not Allocable [Line Items]
Gross margin from propane and other gas liquids sales (a)	$ 140,497	$ 215,480	$ 247,404	$ 139,357	$ 127,764	$ 209,167	$ 238,581	$ 130,830	126,115	190,883	229,321	123,243
Ferrellgas, L.P. [Member] \| Consolidated Midstream Operations [Member]
Interim Period, Costs Not Allocable [Line Items]
Gross margin from propane and other gas liquids sales (a)									$ (4,161)	$ 8,077	$ 10,209	$ 12,635

Guarantor financial information (Details) - USD ($) $ in Millions	Jul. 31, 2020	Jul. 31, 2019	Jun. 30, 2015
Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Condensed Financial Statements, Captions [Line Items]
Aggregate principal amount			$ 500.0
Interest rate, as a percent	6.75%	6.75%	6.75%
Ferrellgas, L.P. [Member] \| Ferrellgas [Member]
Condensed Financial Statements, Captions [Line Items]
Ownership percentage	100.00%
Ferrellgas, L.P. [Member] \| Ferrellgas Finance Corp. [Member]
Condensed Financial Statements, Captions [Line Items]
Ownership percentage	100.00%
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Condensed Financial Statements, Captions [Line Items]
Aggregate principal amount	$ 500.0		$ 500.0
Interest rate, as a percent	6.75%		6.75%

Guarantor financial information - Balance Sheets (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 333,761	$ 11,054	$ 119,311	$ 5,760
Accounts and notes receivable, net	101,438	107,596
Inventories	72,664	80,454
Prepaid expenses and other current assets	35,944	42,275
Total current assets	543,807	241,379
Property, plant and equipment, net	591,042	596,723
Goodwill, net	247,195	247,195
Intangible assets, net	104,049	108,557
Operating lease, right-of-use assets	107,349
Other assets, net	74,748	69,105
Total assets	1,668,190	1,262,959
Current liabilities:
Accounts payable	33,944	33,364
Short-term borrowings	0	43,000
Collateralized note payable		62,000
Current portion of long-term debt	859,095	631,756
Current operating lease liabilities	29,345
Other current liabilities	167,466	138,237
Total current liabilities	1,089,850	908,357
Long-term debt	1,646,396	1,457,004
Operating lease liabilities	89,022
Other liabilities	51,190	36,536
Contingencies and commitments	0	0
Partners' capital (deficit)
Accumulated other comprehensive income (loss)	(2,303)	(14,512)
Total Ferrellgas Partners, L.P. partners' deficit	(1,200,042)	(1,131,233)
Total liabilities and partners' capital (deficit)	1,668,190	1,262,959
Parent Company [Member]
Current assets:
Cash and cash equivalents	6	8	3	59
Prepaid expenses and other current assets	22	57
Total assets	28	65
Current liabilities:
Current portion of long-term debt	357,000	354,727
Other current liabilities	19,305	3,873
Partners' capital (deficit)
Accumulated other comprehensive income (loss)	(2,303)	(14,512)
Total Ferrellgas Partners, L.P. partners' deficit	(1,200,042)	(1,131,233)
Total liabilities and partners' capital (deficit)	28	65
Reportable Legal Entities [Member] \| Parent Company [Member]
Current assets:
Cash and cash equivalents	332,244	11,045	119,133	5,327
Accounts and notes receivable, net	11,879	(3,912)
Intercompany Receivables, Current	69,980	(5,650)
Inventories	72,664	80,454
Prepaid expenses and other current assets	35,897	42,158
Total current assets	522,664	124,095
Property, plant and equipment, net	591,042	596,724
Goodwill, net	247,195	247,195
Intangible assets, net	104,049	108,557
Investment in Ferrellgas, L.P.	37,662	52,999
Operating lease, right-of-use assets	107,349
Other assets, net	72,137	65,447
Total assets	1,682,098	1,195,017
Current liabilities:
Accounts payable	33,944	33,252
Short-term borrowings		43,000
Collateralized note payable		0
Intercompany Payables	0	0
Current portion of long-term debt	502,095	277,029
Current operating lease liabilities	29,345
Other current liabilities	162,097	128,666
Total current liabilities	727,481	481,947
Long-term debt	1,646,396	1,457,004
Operating lease liabilities	89,022
Other liabilities	51,190	36,469
Partners' capital (deficit)
Partners' equity	(829,678)	(765,756)
Accumulated other comprehensive income (loss)	(2,313)	(14,647)
Total Ferrellgas Partners, L.P. partners' deficit	(831,991)	(780,403)
Total liabilities and partners' capital (deficit)	1,682,098	1,195,017
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member]
Current assets:
Cash and cash equivalents	1	1	1	1
Accounts and notes receivable, net	0	0
Intercompany Receivables, Current	0	0
Inventories	0	0
Prepaid expenses and other current assets	0	0
Total current assets	1	1
Property, plant and equipment, net	0	0
Goodwill, net	0	0
Intangible assets, net	0	0
Investment in Ferrellgas, L.P.	0	0
Other assets, net	0	0
Total assets	1	1
Current liabilities:
Accounts payable	0	0
Short-term borrowings		0
Collateralized note payable		0
Intercompany Payables	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Other liabilities	0	0
Partners' capital (deficit)
Partners' equity	1	1
Accumulated other comprehensive income (loss)	0	0
Total Ferrellgas Partners, L.P. partners' deficit	1	1
Total liabilities and partners' capital (deficit)	1	1
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	0	0	174	373
Accounts and notes receivable, net	24	35
Intercompany Receivables, Current	0	0
Inventories	0	0
Prepaid expenses and other current assets	0	(1)
Total current assets	24	34
Property, plant and equipment, net	0	(1)
Goodwill, net	0	0
Intangible assets, net	0	0
Investment in Ferrellgas, L.P.	0	0
Other assets, net	2,255	2,875
Total assets	2,279	2,908
Current liabilities:
Accounts payable	0	0
Short-term borrowings		0
Collateralized note payable		0
Intercompany Payables	0	(192)
Other current liabilities	0	20
Total current liabilities	0	(172)
Long-term debt	0	0
Other liabilities	0	67
Partners' capital (deficit)
Partners' equity	2,279	3,013
Accumulated other comprehensive income (loss)	0	0
Total Ferrellgas Partners, L.P. partners' deficit	2,279	3,013
Total liabilities and partners' capital (deficit)	2,279	2,908
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	1,510	0	0	0
Accounts and notes receivable, net	89,535	111,473
Intercompany Receivables, Current	0	0
Inventories	0	0
Prepaid expenses and other current assets	0	0
Total current assets	91,045	111,473
Property, plant and equipment, net	0	0
Goodwill, net	0	0
Intangible assets, net	0	0
Investment in Ferrellgas, L.P.	0	0
Other assets, net	356	783
Total assets	91,401	112,256
Current liabilities:
Accounts payable	0	112
Short-term borrowings		0
Collateralized note payable		62,000
Intercompany Payables	69,980	(5,458)
Other current liabilities	(13,961)	5,617
Total current liabilities	56,019	62,271
Long-term debt	0	0
Other liabilities	0	0
Partners' capital (deficit)
Partners' equity	35,382	49,985
Accumulated other comprehensive income (loss)	0	0
Total Ferrellgas Partners, L.P. partners' deficit	35,382	49,985
Total liabilities and partners' capital (deficit)	91,401	112,256
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts and notes receivable, net	0	0
Intercompany Receivables, Current	(69,980)	5,650
Inventories	0	0
Prepaid expenses and other current assets	0	0
Total current assets	(69,980)	5,650
Property, plant and equipment, net	0	0
Goodwill, net	0	0
Intangible assets, net	0	0
Investment in Ferrellgas, L.P.	(37,662)	(52,999)
Other assets, net	0	0
Total assets	(107,642)	(47,349)
Current liabilities:
Accounts payable	0	0
Short-term borrowings		0
Collateralized note payable		0
Intercompany Payables	(69,980)	5,650
Other current liabilities	0	0
Total current liabilities	(69,980)	5,650
Long-term debt	0	0
Other liabilities	0	0
Partners' capital (deficit)
Partners' equity	(37,662)	(52,999)
Accumulated other comprehensive income (loss)	0	0
Total Ferrellgas Partners, L.P. partners' deficit	(37,662)	(52,999)
Total liabilities and partners' capital (deficit)	(107,642)	(47,349)
Ferrellgas, L.P. [Member]
Current assets:
Cash and cash equivalents	333,755	11,046	$ 119,308	$ 5,701
Accounts and notes receivable, net	101,438	107,596
Intercompany Receivables, Current	0	0
Inventories	72,664	80,454
Prepaid expenses and other current assets	35,897	42,157
Total current assets	543,754	241,253
Property, plant and equipment, net	591,042	596,723
Goodwill, net	247,195	247,195
Intangible assets, net	104,049	108,557
Investment in Ferrellgas, L.P.	0	0
Operating lease, right-of-use assets	107,349
Other assets, net	74,748	69,105
Total assets	1,668,137	1,262,833
Current liabilities:
Accounts payable	33,944	33,364
Short-term borrowings	0	43,000
Collateralized note payable		62,000
Intercompany Payables	0	0
Current portion of long-term debt	502,095	277,029
Current operating lease liabilities	29,345
Other current liabilities	148,136	134,303
Total current liabilities	713,520	549,696
Long-term debt	1,646,396	1,457,004
Operating lease liabilities	89,022
Other liabilities	51,190	36,536
Contingencies and commitments	0	0
Partners' capital (deficit)
Partners' equity	(829,678)	(765,756)
Accumulated other comprehensive income (loss)	(2,313)	(14,647)
Total Ferrellgas Partners, L.P. partners' deficit	(831,991)	(780,403)
Total liabilities and partners' capital (deficit)	$ 1,668,137	$ 1,262,833

Guarantor financial information - Statements of Earnings (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Revenues:
Revenues	$ 281,649	$ 412,130	$ 510,833	$ 293,214	$ 279,081	$ 479,625	$ 573,377	$ 352,309	$ 347,521	$ 515,810	$ 755,156	$ 454,655	$ 1,497,826	$ 1,684,392	$ 2,073,142
Costs and expenses:
Operating expense - personnel, vehicle, plant and other													493,055	468,868	471,748
Operating expense - equipment lease expense													33,017
Equipment lease expense, preadoption														33,073	28,272
Depreciation and amortization expense													80,481	78,846	101,795
General and administrative expense													45,752	59,994	54,401
Non-cash employee stock ownership plan compensation charge													2,871	5,693	13,859
Asset impairments											10,000		0	0	10,005
Loss on asset sales and disposals													7,924	10,968	187,399
Operating income													148,670	113,028	(91,964)
Interest expense													(192,962)	(177,619)	(168,467)
Loss on extinguishment of debt		(37,400)											(37,399)
Other income (expense), net													(460)	369	928
Loss before income taxes													(82,151)	(64,222)	(259,503)
Income tax expense (benefit)													851	323	(2,678)
Net loss	(70,605)	(15,471)	48,791	(45,717)					(217,797)	11,062	(1,774)	(48,316)	(83,002)	(64,545)	(256,825)
Other comprehensive income (loss)													12,334	(35,380)	5,969
Comprehensive loss													(70,668)	(99,925)	(250,856)
Propane [Member]
Revenues:
Revenues													1,415,791	1,608,858	1,642,976
Costs and expenses:
Cost of sales													673,053	902,516	973,414
Midstream Operations [Member]
Revenues:
Revenues															282,319
Costs and expenses:
Cost of sales															255,559
Other Revenues
Revenues:
Revenues													82,035	75,534	147,847
Costs and expenses:
Cost of sales													13,003	11,406	68,654
Parent Company [Member]
Costs and expenses:
General and administrative expense													116	14	137
Operating income													(49,377)	(29,233)	(220,039)
Interest expense													(33,073)	(34,984)	(34,521)
Income tax expense (benefit)													49	30	21
Equity in earnings (loss) of Ferrellgas, L.P.													(49,261)	(29,219)	(219,902)
Net loss													(82,499)	(64,247)	(254,581)
Reportable Legal Entities [Member] \| Parent Company [Member]
Revenues:
Revenues													1,497,826	1,684,343
Costs and expenses:
Operating expense - personnel, vehicle, plant and other													493,055	469,652	436,962
Operating expense - equipment lease expense													33,017
Equipment lease expense, preadoption														33,073	27,939
Depreciation and amortization expense													80,025	78,400	75,163
General and administrative expense													45,630	59,974	48,337
Non-cash employee stock ownership plan compensation charge													2,871	5,693	13,859
Asset impairments															0
Loss on asset sales and disposals													7,924	8,289	8,978
Operating income													149,248	115,454	121,293
Interest expense													(156,286)	(132,929)	(86,646)
Loss on extinguishment of debt													(37,399)
Other income (expense), net													(360)	428	(234)
Loss before income taxes													(44,797)	(17,047)	34,413
Income tax expense (benefit)													802	105	222
Equity in earnings (loss) of Ferrellgas, L.P.													(2,444)	(12,365)	(256,337)
Net loss													(48,043)	(29,517)	(222,146)
Other comprehensive income (loss)													12,334	(35,380)	5,969
Comprehensive loss													(35,709)	(64,897)	(216,177)
Reportable Legal Entities [Member] \| Parent Company [Member] \| Propane [Member]
Revenues:
Revenues													1,415,791	1,608,858
Costs and expenses:
Cost of sales													673,053	902,516	972,467
Reportable Legal Entities [Member] \| Parent Company [Member] \| Midstream Operations [Member]
Costs and expenses:
Cost of sales															0
Reportable Legal Entities [Member] \| Parent Company [Member] \| Other Revenues
Revenues:
Revenues													82,035	75,485
Costs and expenses:
Cost of sales													13,003	11,292	10,111
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member]
Revenues:
Revenues													0	0
Costs and expenses:
Operating expense - personnel, vehicle, plant and other													0	0	0
Operating expense - equipment lease expense													0
Equipment lease expense, preadoption														0	0
Depreciation and amortization expense													0	0	0
General and administrative expense													6	6	5
Non-cash employee stock ownership plan compensation charge													0	0	0
Asset impairments															0
Loss on asset sales and disposals													0	0	0
Operating income													(6)	(6)	(5)
Interest expense													0	0	0
Loss on extinguishment of debt													0
Other income (expense), net													0	0	0
Loss before income taxes													(6)	(6)	(5)
Income tax expense (benefit)													0	0	0
Equity in earnings (loss) of Ferrellgas, L.P.													0	0	0
Net loss													(6)	(6)	(5)
Other comprehensive income (loss)													0	0	0
Comprehensive loss													(6)	(6)	(5)
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member] \| Propane [Member]
Revenues:
Revenues													0	0
Costs and expenses:
Cost of sales													0	0	0
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member] \| Midstream Operations [Member]
Costs and expenses:
Cost of sales															0
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member] \| Other Revenues
Revenues:
Revenues													0	0
Costs and expenses:
Cost of sales													0	0	0
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues													0	49
Costs and expenses:
Operating expense - personnel, vehicle, plant and other													0	37	37,617
Operating expense - equipment lease expense													0
Equipment lease expense, preadoption														0	333
Depreciation and amortization expense													0	0	26,317
General and administrative expense													0	0	5,922
Non-cash employee stock ownership plan compensation charge													0	0	0
Asset impairments															10,005
Loss on asset sales and disposals													0	2,679	178,421
Operating income													0	(2,781)	(215,631)
Interest expense													0	(38)	(43,247)
Loss on extinguishment of debt													0
Other income (expense), net													(100)	(59)	1,162
Loss before income taxes													(100)	(2,878)	(257,716)
Income tax expense (benefit)													0	188	(2,921)
Equity in earnings (loss) of Ferrellgas, L.P.													0	0	0
Net loss													(100)	(3,066)	(254,795)
Other comprehensive income (loss)													0	0	0
Comprehensive loss													(100)	(3,066)	(254,795)
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member] \| Propane [Member]
Revenues:
Revenues													0	0
Costs and expenses:
Cost of sales													0	0	947
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member] \| Midstream Operations [Member]
Costs and expenses:
Cost of sales															255,559
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member] \| Other Revenues
Revenues:
Revenues													0	49
Costs and expenses:
Cost of sales													0	114	58,543
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
Revenues:
Revenues													0	0
Costs and expenses:
Operating expense - personnel, vehicle, plant and other													3,950	3,589	4,755
Operating expense - equipment lease expense													0
Equipment lease expense, preadoption														0	0
Depreciation and amortization expense													456	446	315
General and administrative expense													0	0	0
Non-cash employee stock ownership plan compensation charge													0	0	0
Asset impairments															0
Loss on asset sales and disposals													0	0	0
Operating income													(4,406)	(4,035)	(5,070)
Interest expense													(3,603)	(9,668)	(4,053)
Loss on extinguishment of debt													0
Other income (expense), net													5,671	4,410	7,586
Loss before income taxes													(2,338)	(9,293)	(1,537)
Income tax expense (benefit)													0	0	0
Equity in earnings (loss) of Ferrellgas, L.P.													0	0	0
Net loss													(2,338)	(9,293)	(1,537)
Other comprehensive income (loss)													0	0	0
Comprehensive loss													(2,338)	(9,293)	(1,537)
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Propane [Member]
Revenues:
Revenues													0	0
Costs and expenses:
Cost of sales													0	0	0
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Midstream Operations [Member]
Costs and expenses:
Cost of sales															0
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Other Revenues
Revenues:
Revenues													0	0
Costs and expenses:
Cost of sales													0	0	0
Eliminations [Member]
Revenues:
Revenues													0	0
Costs and expenses:
Operating expense - personnel, vehicle, plant and other													(3,950)	(4,410)	(7,586)
Operating expense - equipment lease expense													0
Equipment lease expense, preadoption														0	0
Depreciation and amortization expense													0	0	0
General and administrative expense													0	0	0
Non-cash employee stock ownership plan compensation charge													0	0	0
Asset impairments															0
Loss on asset sales and disposals													0	0	0
Operating income													3,950	4,410	7,586
Interest expense													0	0	0
Loss on extinguishment of debt													0
Other income (expense), net													(5,671)	(4,410)	(7,586)
Loss before income taxes													(1,721)	0	0
Income tax expense (benefit)													0	0	0
Equity in earnings (loss) of Ferrellgas, L.P.													2,444	12,365	256,337
Net loss													723	12,365	256,337
Other comprehensive income (loss)													0	0	0
Comprehensive loss													723	12,365	256,337
Eliminations [Member] \| Propane [Member]
Revenues:
Revenues													0	0
Costs and expenses:
Cost of sales													0	0	0
Eliminations [Member] \| Midstream Operations [Member]
Costs and expenses:
Cost of sales															0
Eliminations [Member] \| Other Revenues
Revenues:
Revenues													0	0
Costs and expenses:
Cost of sales													0	0	0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Other Revenues
Revenues:
Revenues														75,534	147,847
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Parent Company [Member]
Revenues:
Revenues															1,715,109
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Parent Company [Member] \| Propane [Member]
Revenues:
Revenues															1,642,155
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Parent Company [Member] \| Midstream Operations [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Parent Company [Member] \| Other Revenues
Revenues:
Revenues															72,954
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Subsidiary Issuer [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Subsidiary Issuer [Member] \| Propane [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Subsidiary Issuer [Member] \| Midstream Operations [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Subsidiary Issuer [Member] \| Other Revenues
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues															358,033
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member] \| Propane [Member]
Revenues:
Revenues															821
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member] \| Midstream Operations [Member]
Revenues:
Revenues															282,319
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member] \| Other Revenues
Revenues:
Revenues															74,893
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Propane [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Midstream Operations [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member] \| Other Revenues
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Eliminations [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Eliminations [Member] \| Propane [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Eliminations [Member] \| Midstream Operations [Member]
Revenues:
Revenues															0
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Eliminations [Member] \| Other Revenues
Revenues:
Revenues															0
Ferrellgas, L.P. [Member]
Revenues:
Revenues	281,649	412,130	510,833	293,214	279,081	479,625	573,377	352,309	347,521	515,810	755,156	454,655	1,497,826	1,684,392	2,073,142
Costs and expenses:
Operating expense - personnel, vehicle, plant and other													493,055	468,868	471,748
Operating expense - equipment lease expense													33,017
Equipment lease expense, preadoption														33,073	28,272
Depreciation and amortization expense													80,481	78,846	101,795
General and administrative expense													45,636	59,980	54,264
Non-cash employee stock ownership plan compensation charge													2,871	5,693	13,859
Asset impairments											10,000				10,005
Loss on asset sales and disposals													7,924	10,968	187,399
Operating income													148,786	113,042	(91,827)
Interest expense													(159,889)	(142,635)	(133,946)
Loss on extinguishment of debt		(37,400)											(37,399)
Other income (expense), net													(460)	369	928
Loss before income taxes													(48,962)	(29,224)	(224,845)
Income tax expense (benefit)													802	293	(2,699)
Equity in earnings (loss) of Ferrellgas, L.P.													0	0	0
Net loss	$ (62,902)	$ (7,720)	$ 57,756	$ (36,898)	$ (62,874)	$ 29,554	$ 52,617	$ (48,814)	$ (209,134)	$ 19,840	$ 6,847	$ (39,699)	(49,764)	(29,517)	(222,146)
Other comprehensive income (loss)													12,334	(35,380)	5,969
Comprehensive loss													(37,430)	(64,897)	(216,177)
Ferrellgas, L.P. [Member] \| Propane [Member]
Revenues:
Revenues													1,415,791	1,608,858	1,642,976
Costs and expenses:
Cost of sales													673,053	902,516	973,414
Ferrellgas, L.P. [Member] \| Midstream Operations [Member]
Revenues:
Revenues															282,319
Costs and expenses:
Cost of sales															255,559
Ferrellgas, L.P. [Member] \| Other Revenues
Revenues:
Revenues													82,035	75,534	147,847
Costs and expenses:
Cost of sales													$ 13,003	11,406	68,654
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenues:
Revenues															2,073,142
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Propane [Member]
Revenues:
Revenues															1,642,976
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Midstream Operations [Member]
Revenues:
Revenues															282,319
Ferrellgas, L.P. [Member] \| Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| Other Revenues
Revenues:
Revenues														$ 75,534	$ 147,847

Guarantor financial information - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2017
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 112,842	$ 15,075	$ 74,148
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(10,195)	(13,551)	(18,141)
Capital expenditures	(70,455)	(108,822)	(84,919)
Proceeds from sale of assets	4,472	5,699	152,587
Cash payments to construct assets in connection with future lease transactions	(37,042)	(9,934)	0
Cash receipts in connection with leased vehicles	41,924	862	0
Other	0	1,419	0
Net cash provided by (used in) investing activities	(71,296)	(124,327)	49,527
Cash flows from financing activities:
Distributions	0	(9,814)	(39,254)
Proceeds from issuance of long-term debt	703,750	0	323,680
Reductions on long-term debt	(285,857)	(2,428)	(212,920)
Net additions to (reductions in) short-term borrowings	(43,000)	10,200	(51,379)
Net additions to (reductions in) collateralized short-term borrowings	(62,000)	4,000	(11,000)
Cash paid for financing costs and other	(29,458)	(548)	(18,535)
Cash payments for principal portion of lease liability	(2,116)	0	0
Net cash provided by (used in) financing activities	281,161	995	(10,124)
Increase (decrease) in cash and cash equivalents	322,707	(108,257)	113,551
Cash and cash equivalents	333,761	11,054	119,311	$ 5,760
Parent Company [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(15,489)	(30,887)	(31,006)
Cash flows from investing activities:
Net cash provided by (used in) investing activities	15,496	40,706	70,246
Cash flows from financing activities:
Distributions		(9,814)	(39,254)
Cash paid for financing costs and other	(9)		(42)
Net cash provided by (used in) financing activities	(9)	(9,814)	(39,296)
Increase (decrease) in cash and cash equivalents	(2)	5	(56)
Cash and cash equivalents	6	8	3	59
Reportable Legal Entities [Member] \| Parent Company [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	75,882	25,796	139,294
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(10,195)	(13,551)	(18,141)
Capital expenditures	(70,455)	(108,822)	(81,114)
Proceeds from sale of assets	4,472	5,699	7,327
Cash payments to construct assets in connection with future lease transactions	(37,042)	(9,934)
Cash receipts in connection with leased vehicles	41,924	862
Cash collected from securitization of accounts receivable	0	0	0
Cash remitted for accounts receivable	0	0	0
Net changes in advances with consolidated entities		0	96,514
Intercompany loan to affiliate	(11,061)	24,328
Other		1,419
Net cash provided by (used in) investing activities	(82,357)	(99,999)	4,586
Cash flows from financing activities:
Distributions	(15,654)	(41,121)	(70,962)
Proceeds from issuance of long-term debt	703,750	(2,428)	323,680
Reductions on long-term debt	(285,857)		(212,920)
Net additions to (reductions in) short-term borrowings	(43,000)	10,200	(51,379)
Net additions to (reductions in) collateralized short-term borrowings	0	0	0
Net changes in advances with consolidated entities	0	0	0
Cash paid for financing costs and other	(29,449)	(536)	(18,493)
Cash payments for principal portion of lease liability	(2,116)
Net cash provided by (used in) financing activities	327,674	(33,885)	(30,074)
Increase (decrease) in cash and cash equivalents	321,199	(108,088)	113,806
Cash and cash equivalents	332,244	11,045	119,133	5,327
Reportable Legal Entities [Member] \| Subsidiary Issuer [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(6)	(6)	(5)
Cash flows from investing activities:
Business acquisitions, net of cash acquired	0	0	0
Capital expenditures	0	0	0
Proceeds from sale of assets	0	0	0
Cash payments to construct assets in connection with future lease transactions	0	0
Cash receipts in connection with leased vehicles	0	0
Cash collected from securitization of accounts receivable	0	0	0
Cash remitted for accounts receivable	0	0	0
Net changes in advances with consolidated entities		0	0
Intercompany loan to affiliate	0	0
Other		0
Net cash provided by (used in) investing activities	0	0	0
Cash flows from financing activities:
Distributions	0	0	0
Proceeds from issuance of long-term debt	0		0
Reductions on long-term debt	0	0	0
Net additions to (reductions in) short-term borrowings	0	0	0
Net additions to (reductions in) collateralized short-term borrowings	0	0	0
Net changes in advances with consolidated entities	6	6	5
Cash paid for financing costs and other	0	0	0
Cash payments for principal portion of lease liability	0
Net cash provided by (used in) financing activities	6	6	5
Increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents	1	1	1	1
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	425	24,889	(48,708)
Cash flows from investing activities:
Business acquisitions, net of cash acquired	0	0	0
Capital expenditures	0	0	(3,805)
Proceeds from sale of assets	0	0	145,260
Cash payments to construct assets in connection with future lease transactions	0	0
Cash receipts in connection with leased vehicles	0	0
Cash collected from securitization of accounts receivable	0	0	0
Cash remitted for accounts receivable	0	0	0
Net changes in advances with consolidated entities		0	0
Intercompany loan to affiliate	0	0
Other		0
Net cash provided by (used in) investing activities	0	0	141,455
Cash flows from financing activities:
Distributions	0	0	0
Proceeds from issuance of long-term debt	0		0
Reductions on long-term debt	0	0	0
Net additions to (reductions in) short-term borrowings	0	0	0
Net additions to (reductions in) collateralized short-term borrowings	0	0	0
Net changes in advances with consolidated entities	(425)	(25,063)	(92,946)
Cash paid for financing costs and other	0	0	0
Cash payments for principal portion of lease liability	0
Net cash provided by (used in) financing activities	(425)	(25,063)	(92,946)
Increase (decrease) in cash and cash equivalents	0	(174)	(199)
Cash and cash equivalents	0	0	174	373
Reportable Legal Entities [Member] \| Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(11,480)	(717)	3,573
Cash flows from investing activities:
Business acquisitions, net of cash acquired	0	0	0
Capital expenditures	0	0	0
Proceeds from sale of assets	0	0	0
Cash payments to construct assets in connection with future lease transactions	0	0
Cash receipts in connection with leased vehicles	0	0
Cash collected from securitization of accounts receivable	841,142	1,258,050	1,226,211
Cash remitted for accounts receivable	(777,632)	(1,262,050)	(1,215,211)
Net changes in advances with consolidated entities		0	0
Intercompany loan to affiliate	0	0
Other		0
Net cash provided by (used in) investing activities	63,510	(4,000)	11,000
Cash flows from financing activities:
Distributions	0	0	0
Proceeds from issuance of long-term debt	0		0
Reductions on long-term debt	0	0	0
Net additions to (reductions in) short-term borrowings	0	0	0
Net additions to (reductions in) collateralized short-term borrowings	(62,000)	4,000	(11,000)
Net changes in advances with consolidated entities	11,480	729	(3,573)
Cash paid for financing costs and other	0	(12)	0
Cash payments for principal portion of lease liability	0
Net cash provided by (used in) financing activities	(50,520)	4,717	(14,573)
Increase (decrease) in cash and cash equivalents	1,510	0	0
Cash and cash equivalents	1,510	0	0	0
Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	63,510	(4,000)	11,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	0	0	0
Capital expenditures	0	0	0
Proceeds from sale of assets	0	0	0
Cash payments to construct assets in connection with future lease transactions	0	0
Cash receipts in connection with leased vehicles	0	0
Cash collected from securitization of accounts receivable	(841,142)	(1,258,050)	(1,226,211)
Cash remitted for accounts receivable	777,632	1,262,050	1,215,211
Net changes in advances with consolidated entities		0	(96,514)
Intercompany loan to affiliate	11,061	(24,328)
Other		0
Net cash provided by (used in) investing activities	(52,449)	(20,328)	(107,514)
Cash flows from financing activities:
Distributions	0	0	0
Proceeds from issuance of long-term debt	0		0
Reductions on long-term debt	0	0	0
Net additions to (reductions in) short-term borrowings	0	0	0
Net additions to (reductions in) collateralized short-term borrowings	0	0	0
Net changes in advances with consolidated entities	(11,061)	24,328	96,514
Cash paid for financing costs and other	0	0	0
Cash payments for principal portion of lease liability	0
Net cash provided by (used in) financing activities	(11,061)	24,328	96,514
Increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents	0	0	0	0
Ferrellgas, L.P. [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	128,331	45,962	105,154
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(10,195)	(13,551)	(18,141)
Capital expenditures	(70,455)	(108,822)	(84,919)
Proceeds from sale of assets	4,472	5,699	152,587
Cash payments to construct assets in connection with future lease transactions	(37,042)	(9,934)
Cash receipts in connection with leased vehicles	41,924	862
Cash collected from securitization of accounts receivable	0	0	0
Cash remitted for accounts receivable	0	0	0
Net changes in advances with consolidated entities		0	0
Intercompany loan to affiliate	0	0
Other		1,419
Net cash provided by (used in) investing activities	(71,296)	(124,327)	49,527
Cash flows from financing activities:
Distributions	(15,654)	(41,121)	(70,962)
Proceeds from issuance of long-term debt	703,750		323,680
Reductions on long-term debt	(285,857)	(2,428)	(212,920)
Net additions to (reductions in) short-term borrowings	(43,000)	10,200	(51,379)
Net additions to (reductions in) collateralized short-term borrowings	(62,000)	4,000	(11,000)
Net changes in advances with consolidated entities	0	0	0
Cash paid for financing costs and other	(29,449)	(548)	(18,493)
Cash payments for principal portion of lease liability	(2,116)
Net cash provided by (used in) financing activities	265,674	(29,897)	(41,074)
Increase (decrease) in cash and cash equivalents	322,709	(108,262)	113,607
Cash and cash equivalents	$ 333,755	$ 11,046	$ 119,308	$ 5,701

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Balance Sheets) (Details) - USD ($) $ in Thousands	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2017
ASSETS
Cash and cash equivalents	$ 333,761	$ 11,054	$ 119,311	$ 5,760
Prepaid expenses and other current assets	35,944	42,275
Other assets, net	74,748	69,105
Total assets	1,668,190	1,262,959
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current portion of long-term debt	859,095	631,756
Other current liabilities	167,466	138,237
Long-term debt	1,646,396	1,457,004
Partners' capital (deficit)
Common unitholders	(1,126,452)	(1,046,245)
General partner unitholder	(71,287)	(70,476)
Accumulated other comprehensive income (loss)	(2,303)	(14,512)
Total Ferrellgas Partners, L.P. partners' deficit	(1,200,042)	(1,131,233)
Total liabilities and partners' capital (deficit)	$ 1,668,190	$ 1,262,959
Common unitholders, units outstanding	97,152,665	97,152,665
General partner unitholder, units outstanding	989,926	989,926
Parent Company [Member]
ASSETS
Cash and cash equivalents	$ 6	$ 8	3	59
Prepaid expenses and other current assets	22	57
Total assets	28	65
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current portion of long-term debt	357,000	354,727
Other current liabilities	19,305	3,873
Investment in Ferrellgas, L.P.	823,765	772,698
Partners' capital (deficit)
Common unitholders	(1,126,452)	(1,046,245)
General partner unitholder	(71,287)	(70,476)
Accumulated other comprehensive income (loss)	(2,303)	(14,512)
Total Ferrellgas Partners, L.P. partners' deficit	(1,200,042)	(1,131,233)
Total liabilities and partners' capital (deficit)	$ 28	$ 65
Common unitholders, units outstanding	97,152,665	97,152,665
General partner unitholder, units outstanding	989,926	989,926
Parent Company [Member] \| Reportable Legal Entities [Member]
ASSETS
Cash and cash equivalents	$ 332,244	$ 11,045	$ 119,133	$ 5,327
Prepaid expenses and other current assets	35,897	42,158
Investment in Ferrellgas, L.P.	37,662	52,999
Other assets, net	72,137	65,447
Total assets	1,682,098	1,195,017
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Current portion of long-term debt	502,095	277,029
Other current liabilities	162,097	128,666
Long-term debt	1,646,396	1,457,004
Partners' capital (deficit)
Accumulated other comprehensive income (loss)	(2,313)	(14,647)
Total Ferrellgas Partners, L.P. partners' deficit	(831,991)	(780,403)
Total liabilities and partners' capital (deficit)	$ 1,682,098	$ 1,195,017

Schedule I Parent Only Statements - Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Condensed Income Statements, Captions [Line Items]
General and administrative expense									$ 45,752	$ 59,994	$ 54,401
Operating income									148,670	113,028	(91,964)
Interest expense									(192,962)	(177,619)	(168,467)
Other income (expense), net									(460)	369	928
Income tax expense (benefit)									851	323	(2,678)
Net loss	$ (70,605)	$ (15,471)	$ 48,791	$ (45,717)	$ (217,797)	$ 11,062	$ (1,774)	$ (48,316)	(83,002)	(64,545)	(256,825)
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Equity in earnings (loss) of Ferrellgas, L.P.									(49,261)	(29,219)	(219,902)
General and administrative expense									116	14	137
Operating income									(49,377)	(29,233)	(220,039)
Interest expense									(33,073)	(34,984)	(34,521)
Income tax expense (benefit)									49	30	21
Net loss									$ (82,499)	$ (64,247)	$ (254,581)

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.