0001558370-21-013178 | 10-K | XBRL Viewer

July 31,

Deferred tax assets (included in Other assets, net)

Deferred tax liabilities (included in Other liabilities)

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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Jul. 31, 2021	Aug. 31, 2021	Jan. 29, 2021
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jul. 31, 2021
Document Transition Report	false
Entity File Number	001-11331
Entity Registrant Name	Ferrellgas Partners L P
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1698480
Entity Address, Address Line One	7500 College Boulevard
Entity Address, Address Line Two	Suite 1000
Entity Address, City or Town	Overland Park
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66210
City Area Code	913
Local Phone Number	661-1500
Title of 12(b) Security	N/A
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,857,605
Entity Public Float			$ 43,138,320
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000922358
Amendment Flag	false
No Trading Symbol Flag	true
Ferrellgas Partners Finance Corp. [Member]
Document Information [Line Items]
Document Type	10-K
Document Period End Date	Jul. 31, 2021
Entity File Number	333-06693-02
Entity Registrant Name	FERRELLGAS PARTNERS FINANCE CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1742520
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0001012493
Amendment Flag	false
Ferrellgas, L.P. [Member]
Document Information [Line Items]
Document Type	10-K
Document Period End Date	Jul. 31, 2021
Entity File Number	000-50182
Entity Registrant Name	FERRELLGAS L P
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	43-1698481
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000922359
Amendment Flag	false
Ferrellgas Finance Corp. [Member]
Document Information [Line Items]
Document Type	10-K
Document Period End Date	Jul. 31, 2021
Entity File Number	000-50183
Entity Registrant Name	FERRELLGAS FINANCE CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	14-1866671
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000922360
Amendment Flag	false

Consolidated Balance Sheets - USD ($)	Jul. 31, 2021	Jul. 31, 2020
Current assets:
Cash and cash equivalents	$ 281,952,000	$ 333,761,000
Accounts and notes receivable, net (including $103,703 of accounts receivable pledged as collateral at July 31, 2020)	131,574,000	101,438,000
Inventories	88,379,000	72,664,000
Prepaid expenses and other current assets	39,092,000	33,098,000
Price risk management asset	78,001,000	2,846,000
Total current assets	618,998,000	543,807,000
Prepaid expenses and other current assets	39,092,000	33,098,000
Property, plant and equipment, net	582,118,000	591,042,000
Goodwill, net	246,946,000	247,195,000
Intangible assets (net of accumulated amortization of $432,032 and $423,290 at July 31, 2021 and July 31, 2020, respectively)	100,743,000	104,049,000
Operating lease, right-of-use assets	87,611,000	107,349,000
Other assets, net	93,228,000	74,748,000
Total assets	1,729,644,000	1,668,190,000
Current liabilities:
Accounts payable	47,913,000	33,944,000
Current portion of long-term debt	1,670,000	859,095,000
Current operating lease liabilities	25,363,000	29,345,000
Other current liabilities	246,000,000	167,466,000
Total current liabilities	320,946,000	1,089,850,000
Long-term debt	1,444,890,000	1,646,396,000
Operating lease liabilities	74,349,000	89,022,000
Other liabilities	61,189,000	51,190,000
Mezzanine equity:
Senior preferred units, net of issue discount and offering costs (700,000 units outstanding at July 31, 2021)	651,349,000
Partners' capital (deficit)
General partner unitholder	(72,178,000)	(71,287,000)
Accumulated other comprehensive income (loss)	88,866,000	(2,303,000)
Total Ferrellgas Partners, L.P. partners' deficit	(815,113,000)	(1,200,042,000)
Noncontrolling interest	(7,966,000)	(8,226,000)
Total partners' capital (deficit)	(823,079,000)	(1,208,268,000)
Total liabilities, mezzanine and partners' capital (deficit)	1,729,644,000	1,668,190,000
Class A Limited Partner Units
Partners' capital (deficit)
Limited partner unitholders	(1,214,813,000)	(1,126,452,000)
Class B Limited Partner Units
Partners' capital (deficit)
Limited partner unitholders	383,012,000
Ferrellgas Partners Finance Corp. [Member]
Current assets:
Cash and cash equivalents	1,000	1,000
Prepaid expenses and other current assets	0	1,850
Prepaid expenses and other current assets	0	1,850
Total assets	1,000	2,850
STOCKHOLDER'S EQUITY
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	39,486	38,846
Accumulated deficit	(39,486)	(36,996)
Total stockholder's equity	1,000	2,850
Ferrellgas, L.P. [Member]
Current assets:
Cash and cash equivalents	281,688,000	333,755,000
Accounts and notes receivable, net (including $103,703 of accounts receivable pledged as collateral at July 31, 2020)	131,574,000	101,438,000
Inventories	88,379,000	72,664,000
Prepaid expenses and other current assets	39,073,000	33,051,000
Price risk management asset	78,001,000	2,846,000
Total current assets	618,715,000	543,754,000
Prepaid expenses and other current assets	39,073,000	33,051,000
Property, plant and equipment, net	582,118,000	591,042,000
Goodwill, net	246,946,000	247,195,000
Intangible assets (net of accumulated amortization of $432,032 and $423,290 at July 31, 2021 and July 31, 2020, respectively)	100,743,000	104,049,000
Operating lease, right-of-use assets	87,611,000	107,349,000
Loan receivable - Ferrellgas Partners, L.P.	17,001,000
Other assets, net	93,228,000	74,748,000
Total assets	1,746,362,000	1,668,137,000
Current liabilities:
Accounts payable	47,913,000	33,944,000
Current portion of long-term debt	1,670,000	502,095,000
Current operating lease liabilities	25,363,000	29,345,000
Other current liabilities	245,782,000	148,136,000
Total current liabilities	320,728,000	713,520,000
Long-term debt	1,444,890,000	1,646,396,000
Operating lease liabilities	74,349,000	89,022,000
Other liabilities	61,189,000	51,190,000
Mezzanine equity:
Senior preferred units, net of issue discount and offering costs (700,000 units outstanding at July 31, 2021)	651,349,000
Partners' capital (deficit)
Limited partner unitholders	(887,043,000)	(821,462,000)
General partner unitholder	(8,886,000)	(8,216,000)
Accumulated other comprehensive income (loss)	89,786,000	(2,313,000)
Total partners' capital (deficit)	(806,143,000)	(831,991,000)
Total liabilities, mezzanine and partners' capital (deficit)	1,746,362,000	1,668,137,000
Ferrellgas Finance Corp. [Member]
Current assets:
Cash and cash equivalents	1,100	1,100
Prepaid expenses and other current assets		1,500
Prepaid expenses and other current assets		1,500
Total assets	1,100	2,600
Current liabilities:
Contingencies and commitments
STOCKHOLDER'S EQUITY
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	102,628	84,187
Accumulated deficit	(102,528)	(82,587)
Total stockholder's equity	$ 1,100	$ 2,600

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Restricted cash	$ 11,500	$ 95,759
Accounts receivable pledged as collateral		103,703
Amortizable intangible assets, accumulated amortization	$ 432,032	$ 423,290
Senior preferred units, units outstanding	700,000
General partner unitholder, units outstanding	49,496	49,496
Class A Limited Partner Units
Limited partner unitholders, units outstanding	4,857,605	4,857,605
Class B Limited Partner Units
Limited partner unitholders, units outstanding	1,300,000
Ferrellgas Partners Finance Corp. [Member]
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000
Ferrellgas, L.P. [Member]
Restricted cash	$ 11,500	$ 95,759
Accounts receivable pledged as collateral		103,703
Amortizable intangible assets, accumulated amortization	$ 432,032	$ 423,290
Senior preferred units, units outstanding	700,000
Ferrellgas Finance Corp. [Member]
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

Consolidated Statements Of Operations - USD ($)	12 Months Ended
Consolidated Statements Of Operations - USD ($)	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Revenues:
Revenues	$ 1,754,310,000	$ 1,497,826,000	$ 1,684,392,000
Costs and expenses:
Operating expense - personnel, vehicle, plant and other	465,816,000	493,055,000	468,868,000
Operating expense - equipment lease expense	27,062,000	33,017,000
Equipment lease expense, PREADOPTION			33,073,000
Depreciation and amortization expense	85,382,000	80,481,000	78,846,000
General and administrative expense	60,065,000	45,752,000	59,994,000
Non-cash employee stock ownership plan compensation charge	3,215,000	2,871,000	5,693,000
Loss on asset sales and disposals	1,831,000	7,924,000	10,968,000
Operating income	216,275,000	148,670,000	113,028,000
Interest expense	(173,616,000)	(192,962,000)	(177,619,000)
Loss on extinguishment of debt	(104,834,000)	(37,399,000)	0
Other income (expense), net	4,246,000	(460,000)	369,000
Reorganization expense - professional fees	(10,443,000)
Earnings (loss) before income taxes	(68,372,000)	(82,151,000)	(64,222,000)
Income tax expense (benefit)	741,000	851,000	323,000
Net earnings (loss)	(69,113,000)	(83,002,000)	(64,545,000)
Net loss attributable to noncontrolling interest	(702,000)	(503,000)	(298,000)
Net earnings (loss)	(68,411,000)	(82,499,000)	(64,247,000)
Distribution to preferred unitholders	24,024,000
Less: General partner's interest in net earnings (loss)	(684,000)	(825,000)	(642,000)
Limited partner unitholders' interest in net earnings (loss)	$ (91,751,000)	$ (81,674,000)	$ (63,605,000)
Basic and diluted net earnings (loss) per limited partner unit	$ (18.89)	$ (16.81)	$ (13.09)
Propane [Member]
Revenues:
Revenues	$ 1,668,852,000	$ 1,415,791,000	$ 1,608,858,000
Costs and expenses:
Cost of sales	881,936,000	673,053,000	902,516,000
Other Revenues
Revenues:
Revenues	85,458,000	82,035,000	75,534,000
Costs and expenses:
Cost of sales	12,728,000	13,003,000	11,406,000
Ferrellgas Partners Finance Corp. [Member]
Costs and expenses:
General and administrative expense	2,490	5,827	3,999
Net earnings (loss)	(2,490)	(5,827)	(3,999)
Ferrellgas, L.P. [Member]
Revenues:
Revenues	1,754,310,000	1,497,826,000	1,684,392,000
Costs and expenses:
Operating expense - personnel, vehicle, plant and other	465,816,000	493,055,000	468,868,000
Operating expense - equipment lease expense	27,062,000	33,017,000
Equipment lease expense, PREADOPTION			33,073,000
Depreciation and amortization expense	85,382,000	80,481,000	78,846,000
General and administrative expense	59,676,000	45,636,000	59,980,000
Non-cash employee stock ownership plan compensation charge	3,215,000	2,871,000	5,693,000
Loss on asset sales and disposals	1,831,000	7,924,000	10,968,000
Operating income	216,664,000	148,786,000	113,042,000
Interest expense	(159,845,000)	(159,889,000)	(142,635,000)
Loss on extinguishment of debt	(107,971,000)	(37,399,000)
Other income (expense), net	6,437,000	(460,000)	369,000
Earnings (loss) before income taxes	(44,715,000)	(48,962,000)	(29,224,000)
Income tax expense (benefit)	727,000	802,000	293,000
Net earnings (loss)	(45,442,000)	(49,764,000)	(29,517,000)
Ferrellgas, L.P. [Member] \| Propane [Member]
Revenues:
Revenues	1,668,852,000	1,415,791,000	1,608,858,000
Costs and expenses:
Cost of sales	881,936,000	673,053,000	902,516,000
Ferrellgas, L.P. [Member] \| Other Revenues
Revenues:
Revenues	85,458,000	82,035,000	75,534,000
Costs and expenses:
Cost of sales	12,728,000	13,003,000	11,406,000
Ferrellgas Finance Corp. [Member]
Costs and expenses:
General and administrative expense	19,941	6,010	5,625
Net earnings (loss)	$ (19,941)	$ (6,010)	$ (5,625)

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Comprehensive income (loss):
Net income (loss)	$ (69,113)	$ (83,002)	$ (64,545)
Other comprehensive income (loss):
Change in value on risk management derivatives	136,351	(22,872)
Change in value on risk management derivatives, pre-adoption			(48,184)
Reclassification of (gains) losses on derivatives to earnings, net	(44,252)	35,315
Reclassification of losses on derivatives to earnings, net, pre-adoption			12,868
Pension liability adjustment		(109)	(64)
Other comprehensive income (loss)	92,099	12,334	(35,380)
Comprehensive loss	22,986	(70,668)	(99,925)
Less: comprehensive income (loss) attributable to noncontrolling interest	228	(378)	(656)
Comprehensive income (loss) attributable to Ferrellgas Partners, LP	22,758	(70,290)	(99,269)
Ferrellgas, L.P. [Member]
Comprehensive income (loss):
Net income (loss)	(45,442)	(49,764)	(29,517)
Other comprehensive income (loss):
Change in value on risk management derivatives	136,351	(22,872)
Change in value on risk management derivatives, pre-adoption			(48,184)
Reclassification of (gains) losses on derivatives to earnings, net	(44,252)	35,315
Reclassification of losses on derivatives to earnings, net, pre-adoption			12,868
Pension liability adjustment		(109)	(64)
Other comprehensive income (loss)	92,099	12,334	(35,380)
Comprehensive loss	$ 46,657	$ (37,430)	$ (64,897)

Consolidated Statements Of Partners' Capital - USD ($)	Ferrellgas, L.P. [Member] Limited Partner Unitholders Cumulative Effect, Period of Adoption, Adjustment [Member]	Ferrellgas, L.P. [Member] Limited Partner Unitholders	Ferrellgas, L.P. [Member] General Partner [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Ferrellgas, L.P. [Member] General Partner [Member]	Ferrellgas, L.P. [Member] Accumulated Other Comprehensive Income (Loss)	Ferrellgas, L.P. [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Ferrellgas, L.P. [Member]	Limited Partner Unitholders Class A Limited Partner Units Cumulative Effect, Period of Adoption, Adjustment [Member]	Limited Partner Unitholders Class A Limited Partner Units	Limited Partner Unitholders Class B Limited Partner Units	General Partner [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	General Partner [Member]	Accumulated Other Comprehensive Income (Loss)	Parent [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Parent [Member]	Non-Controlling Interest [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Non-Controlling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Total
Partners' capital balance (in shares) at Jul. 31, 2018									4,857,600			49,500
Partners' capital balance, beginning at Jul. 31, 2018		$ (693,896,000)		$ (6,915,000)	$ 20,733,000		$ (680,078,000)		$ (978,503,000)			$ (69,792,000)	$ 20,510,000		$ (1,027,785,000)		$ (6,692,000)		$ (1,034,477,000)
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges		5,635,000		58,000			5,693,000		5,579,000			56,000			5,635,000		58,000		5,693,000
Distributions		(40,706,000)		(415,000)			(41,121,000)		(9,716,000)			(98,000)			(9,814,000)		(415,000)		(10,229,000)
Net income (loss)		(29,219,000)		(298,000)			(29,517,000)		(63,605,000)			(642,000)			(64,247,000)		(298,000)		(64,545,000)
Other comprehensive income (loss)					(35,380,000)		(35,380,000)						(35,022,000)		(35,022,000)		(358,000)		(35,380,000)
Partners' capital balance, ending at Jul. 31, 2019	$ (1,361,000)	(758,186,000)	$ (14,000)	(7,570,000)	(14,647,000)	$ (1,375,000)	(780,403,000)	$ (1,347,000)	$ (1,046,245,000)		$ (14,000)	$ (70,476,000)	(14,512,000)	$ (1,361,000)	(1,131,233,000)	$ (14,000)	(7,705,000)	$ (1,375,000)	(1,138,938,000)
Partners' capital balance (in shares) at Jul. 31, 2019									4,857,600			49,500
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges		2,842,000		29,000.0			2,871,000		$ 2,814,000			$ 28,000			2,842,000		29,000		2,871,000
Distributions		(15,496,000)		(158,000)			(15,654,000)								0		(158,000)		(158,000)
Net income (loss)		(49,261,000)		(503,000)			(49,764,000)		(81,674,000)			(825,000)			(82,499,000)		(503,000)		(83,002,000)
Other comprehensive income (loss)					12,334,000		12,334,000						12,209,000		12,209,000		125,000		12,334,000
Partners' capital balance, ending at Jul. 31, 2020		(821,462,000)		(8,216,000)	(2,313,000)		(831,991,000)		$ (1,126,452,000)			$ (71,287,000)	(2,303,000)		(1,200,042,000)		(8,226,000)		(1,208,268,000)
Partners' capital balance (in shares) at Jul. 31, 2020									4,857,600			49,500
Increase (Decrease) in Partners' Capital [Roll Forward]
Contributions in connection with non-cash ESOP compensation charges		3,183,000		32,000			3,215,000		$ 3,150,000			$ 33,000			3,183,000		32,000		3,215,000
Issuance of Class B Units, net of offering costs										$ 383,012,000					383,012,000		0		383,012,000
Issuance of Class B Units (in shares)										1,300,000.0
Net earnings allocated to preferred units		(24,024,000)					(24,024,000)		(23,784,000)			(240,000)			(24,024,000)				(24,024,000)
Net income (loss)		(44,740,000)		(702,000)			(45,442,000)		(67,727,000)			(684,000)			(68,411,000)		(702,000)		(69,113,000)
Other comprehensive income (loss)					92,099,000		92,099,000						91,169,000		91,169,000		930,000		92,099,000
Partners' capital balance, ending at Jul. 31, 2021		$ (887,043,000)		$ (8,886,000)	$ 89,786,000		$ (806,143,000)		$ (1,214,813,000)	$ 383,012,000		$ (72,178,000)	$ 88,866,000		$ (815,113,000)		$ (7,966,000)		$ (823,079,000)
Partners' capital balance (in shares) at Jul. 31, 2021									4,857,600	1,300,000.0		49,500

Consolidated Statements Of Equity - USD ($)	Ferrellgas Partners Finance Corp. [Member] Common Stock [Member]	Ferrellgas Partners Finance Corp. [Member] Additional Paid-in Capital [Member]	Ferrellgas Partners Finance Corp. [Member] Accumulated deficit [Member]	Ferrellgas Partners Finance Corp. [Member]	Ferrellgas Finance Corp. [Member] Common Stock [Member]	Ferrellgas Finance Corp. [Member] Additional Paid-in Capital [Member]	Ferrellgas Finance Corp. [Member] Accumulated deficit [Member]	Ferrellgas Finance Corp. [Member]	Total
Stockholders' equity balance (in shares) at Jul. 31, 2018	1,000				1,000
Stockholders' equity balance at Jul. 31, 2018	$ 1,000	$ 29,020	$ (27,170)	$ 2,850	$ 1,000	$ 72,552	$ (70,952)	$ 2,600
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital contribution		4,007	0	4,007		5,966	0	5,966
Net income (loss)		0	(3,999)	(3,999)		0	(5,625)	(5,625)	$ (64,545,000)
Stockholders' equity balance (in shares) at Jul. 31, 2019	1,000				1,000
Stockholders' equity balance at Jul. 31, 2019	$ 1,000	33,027	(31,169)	2,858	$ 1,000	78,518	(76,577)	2,941
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital contribution		5,819	0	5,819		5,669	0	5,669
Net income (loss)		0	(5,827)	(5,827)		0	(6,010)	(6,010)	(83,002,000)
Stockholders' equity balance (in shares) at Jul. 31, 2020	1,000				1,000
Stockholders' equity balance at Jul. 31, 2020	$ 1,000	38,846	(36,996)	2,850	$ 1,000	84,187	(82,587)	2,600
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital contribution		640	0	640		18,441	0	18,441
Net income (loss)		0	(2,490)	(2,490)		0	(19,941)	(19,941)	$ (69,113,000)
Stockholders' equity balance (in shares) at Jul. 31, 2021	1,000				1,000
Stockholders' equity balance at Jul. 31, 2021	$ 1,000	$ 39,486	$ (39,486)	$ 1,000	$ 1,000	$ 102,628	$ (102,528)	$ 1,100

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
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- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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+ Details

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements Of Cash Flows - USD ($)	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (69,113,000)	$ (83,002,000)	$ (64,545,000)
Reconciliation of net loss to net cash provided by operating activities:
Depreciation and amortization expense	85,382,000	80,481,000	78,846,000
Non-cash employee stock ownership plan compensation charge	3,215,000	2,871,000	5,693,000
Loss on asset sales and disposals	1,831,000	7,924,000	10,968,000
Loss on extinguishment of debt	104,834,000	37,399,000	0
Provision for expected credit losses	2,323,000	18,604,000	1,525,000
Deferred income tax expense (benefit)	2,000	554,000	143,000
Other	8,681,000	12,583,000	12,696,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(32,459,000)	(121,000)	19,433,000
Inventories	(15,715,000)	7,790,000	3,211,000
Prepaid expenses and other current assets	(5,995,000)	7,446,000	(26,508,000)
Accounts payable	13,789,000	1,223,000	(13,338,000)
Accrued interest expense	8,355,000	33,357,000	(1,738,000)
Other current liabilities	84,014,000	(3,430,000)	(12,076,000)
Other assets and liabilities	17,284,000	6,679,000	765,000
Net cash provided by operating activities	206,428,000	130,358,000	15,075,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(6,567,000)	(10,195,000)	(13,551,000)
Capital expenditures	(59,442,000)	(70,455,000)	(108,822,000)
Proceeds from sale of assets	5,295,000	4,472,000	5,699,000
Cash payments to construct assets in connection with future lease transactions	(1,715,000)	(37,042,000)	(9,934,000)
Cash receipts in connection with leased vehicles	1,476,000	41,924,000	862,000
Other	0	0	1,419,000
Net cash provided by (used in) investing activities	(60,953,000)	(71,296,000)	(124,327,000)
Cash flows from financing activities:
Distributions	0	0	(9,814,000)
Preferred unit distributions	(8,011,000)	0	0
Proceeds from sale of preferred units, net	651,349,000	0	0
Fees in connection with Class B Unit exchange	(1,988,000)	0	0
Proceeds from issuance of long-term debt	1,475,000,000	703,750,000	0
Payments on long-term debt	(2,120,000)	(1,994,000)	(2,428,000)
Payment for settlement and early extinguishment of liabilities	(2,175,000,000)	(283,863,000)	0
Net reductions in short-term borrowings	0	(43,000,000)	10,200,000
Net reductions in collateralized short-term borrowings	0	(62,000,000)	4,000,000
Payment of redemption premium on debt extinguishment	(83,072,000)	(17,516,000)	0
Make-whole payments	(1,964,000)	0	0
Cash paid for financing costs	(44,290,000)	(29,458,000)	(548,000)
Noncontrolling interest activity	0	(158,000)	(415,000)
Cash payments for principal portion of lease liability	(7,188,000)	(2,116,000)	0
Net cash provided by (used in) financing activities	(197,284,000)	263,645,000	995,000
Increase (decrease) in cash and cash equivalents	(51,809,000)	322,707,000	(108,257,000)
Cash and cash equivalents - beginning of year	333,761,000	11,054,000	119,311,000
Cash, cash equivalents and restricted cash - end of year	281,952,000	333,761,000	11,054,000
Ferrellgas Partners Finance Corp. [Member]
Cash flows from operating activities:
Net income (loss)	(2,490)	(5,827)	(3,999)
Reconciliation of net loss to net cash provided by operating activities:
Deferred income tax expense (benefit)	0	0	0
Changes in operating assets and liabilities, net of effects from business acquisitions:
Prepaid expenses and other current assets	1,850	8	(8)
Net cash provided by operating activities	(640)	(5,819)	(4,007)
Cash flows from financing activities:
Capital contribution	640	5,819	4,007
Net cash provided by (used in) financing activities	640	5,819	4,007
Increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents - beginning of year	1,000	1,000	1,000
Cash, cash equivalents and restricted cash - end of year	1,000	1,000	1,000
Ferrellgas, L.P. [Member]
Cash flows from operating activities:
Net income (loss)	(45,442,000)	(49,764,000)	(29,517,000)
Reconciliation of net loss to net cash provided by operating activities:
Depreciation and amortization expense	85,382,000	80,481,000	78,846,000
Non-cash employee stock ownership plan compensation charge	3,215,000	2,871,000	5,693,000
Loss on asset sales and disposals	1,831,000	7,924,000	10,968,000
Loss on extinguishment of debt	107,971,000	37,399,000
Provision for expected credit losses	2,323,000	18,604,000	1,525,000
Deferred income tax expense (benefit)	2,000	554,000	143,000
Other	8,680,000	11,301,000	8,505,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(32,459,000)	(121,000)	19,433,000
Inventories	(15,715,000)	7,790,000	3,211,000
Prepaid expenses and other current assets	(6,022,000)	7,375,000	(26,458,000)
Accounts payable	13,789,000	1,223,000	(13,338,000)
Accrued interest expense	(5,416,000)	17,961,000	(1,738,000)
Other current liabilities	83,796,000	(3,430,000)	(12,076,000)
Other assets and liabilities	15,093,000	5,679,000	765,000
Net cash provided by operating activities	217,028,000	145,847,000	45,962,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(6,567,000)	(10,195,000)	(13,551,000)
Capital expenditures	(59,442,000)	(70,455,000)	(108,822,000)
Proceeds from sale of assets	5,295,000	4,472,000	5,699,000
Cash payments to construct assets in connection with future lease transactions	(1,715,000)	(37,042,000)	(9,934,000)
Cash receipts in connection with leased vehicles	1,476,000	41,924,000	862,000
Loan to Ferrellgas Partners, L.P.	(14,810,000)
Other			1,419,000
Net cash provided by (used in) investing activities	(75,763,000)	(71,296,000)	(124,327,000)
Cash flows from financing activities:
Distributions		(15,654,000)	(41,121,000)
Preferred unit distributions	(8,011,000)
Proceeds from sale of preferred units, net	651,349,000
Proceeds from issuance of long-term debt	1,475,000,000	703,750,000
Payments on long-term debt	(2,120,000)	(1,994,000)	(2,428,000)
Payment for settlement and early extinguishment of liabilities	(2,175,000,000)	(283,863,000)
Net reductions in short-term borrowings		(43,000,000)	10,200,000
Net reductions in collateralized short-term borrowings		(62,000,000)	4,000,000
Payment of redemption premium on debt extinguishment	(83,072,000)	(17,516,000)
Cash paid for financing costs	(44,290,000)	(29,449,000)	(548,000)
Cash payments for principal portion of lease liability	(7,188,000)	(2,116,000)
Net cash provided by (used in) financing activities	(193,332,000)	248,158,000	(29,897,000)
Increase (decrease) in cash and cash equivalents	(52,067,000)	322,709,000	(108,262,000)
Cash and cash equivalents - beginning of year	333,755,000	11,046,000	119,308,000
Cash, cash equivalents and restricted cash - end of year	281,688,000	333,755,000	11,046,000
Ferrellgas Finance Corp. [Member]
Cash flows from operating activities:
Net income (loss)	(19,941)	(6,010)	(5,625)
Reconciliation of net loss to net cash provided by operating activities:
Deferred income tax expense (benefit)	0	0	0
Changes in operating assets and liabilities, net of effects from business acquisitions:
Prepaid expenses and other current assets	1,500	341	(341)
Net cash provided by operating activities	(18,441)	(5,669)	(5,966)
Cash flows from financing activities:
Capital contribution	18,441	5,669	5,966
Net cash provided by (used in) financing activities	18,441	5,669	5,966
Increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents - beginning of year	1,100	1,100	1,100
Cash, cash equivalents and restricted cash - end of year	$ 1,100	$ 1,100	$ 1,100

Partnership Organization And Formation	12 Months Ended
Partnership Organization And Formation	Jul. 31, 2021
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Organization And Formation	A. Partnership organization and formation Ferrellgas Partners, L.P. (“Ferrellgas Partners”) was formed on April 19, 1994, and is a publicly traded limited partnership. Ferrellgas Partners is a holding entity that conducts no operations and has two direct subsidiaries, Ferrellgas Partners Finance Corp. and Ferrellgas, L.P. (the “operating partnership”). Ferrellgas Partners owns a 100% equity interest in Ferrellgas Partners Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of any debt securities issued by Ferrellgas Partners. Our activities are primarily conducted through the operating partnership. Ferrellgas Partners and the holders of Preferred Units (as defined below) are the only limited partners of the operating partnership. Ferrellgas Partners and the operating partnership, collectively referred to as “Ferrellgas,” are both Delaware limited partnerships and are governed by their respective partnership agreements. Ferrellgas Partners was formed to acquire and hold a limited partner interest in the operating partnership. Ferrellgas, Inc. (the “general partner”), a Delaware corporation and a wholly-owned subsidiary of Ferrell Companies, is the sole general partner of Ferrellgas Partners and the operating partnership and, excluding the economic interests attributable to Ferrellgas Partners’ Class B Units and the operating partnership’s Preferred Units, owns an approximate 1% general partner economic interest in each, and, therefore, an effective 2% general partner economic interest in the operating partnership. Excluding the economic interests attributable to the Preferred Units, Ferrellgas Partners owns an approximate 99% limited partner interest in the operating partnership. Our general partner performs all management functions for us. Unless contractually provided for, creditors of the operating partnership have no recourse with regards to Ferrellgas Partners. As of July 31, 2021, Ferrell Companies Inc., a Kansas corporation (“Ferrell Companies”), the parent company of our general partner, currently beneficially owns approximately 23.4% of Ferrellgas Partners’ outstanding Class A Units. Ferrell Companies is owned 100% by an employee stock ownership trust. Ferrellgas is primarily engaged in the retail distribution of propane and related equipment sales. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Ferrellgas serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia, and Puerto Rico. The operating partnership was formed on April 22, 1994, and accounts for substantially all of our consolidated assets, sales and operating earnings, except for interest expense related to the Ferrellgas Partners Notes (as defined below). Recent Developments Chapter 11 Bankruptcy Cases As previously reported, on January 11, 2021, Ferrellgas Partners and Ferrellgas Partners Finance Corp. filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The chapter 11 cases were jointly administered under the caption and case numbers, In re: Ferrellgas Partners, L.P. and Ferrellgas Partners Finance Corp., Chapter 11 Case Nos. 21-10020 and 21-10021. On March 5, 2021, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Second Amended Prepackaged Joint Chapter 11 Plan of Reorganization of Ferrellgas Partners, L.P. and Ferrellgas Partners Finance Corp. (the “Plan”). On March 30, 2021 (the “Effective Date”), the conditions to effectiveness of the Plan were satisfied and the Confirmation Order was deemed binding upon Ferrellgas Partners, Ferrellgas Partners Finance Corp. and all other parties affected by the Plan. In satisfying the conditions of the Plan, on the Effective Date, certain restructuring transactions by Ferrellgas Partners and certain financing transactions by the operating partnership were completed, as further described under “Transactions” that follows. Ferrellgas has accounted for the effects of the reorganization and determined that fresh-start accounting does not need to be applied, as a change in control did not occur. Transactions Satisfaction of Ferrellgas Partners Notes; Issuance of Class B Units to Holders of Ferrellgas Partners Notes On the Effective Date, by operation of the Plan, all outstanding indebtedness (including accrued interest) of Ferrellgas Partners and Ferrellgas Partners Finance Corp. under their $357.0 million aggregate principal amount of 8.625% senior unsecured notes due June 2020 (the “Ferrellgas Partners Notes”), as described further in Note I –Debt, were discharged and cancelled. Pursuant to the Plan, Ferrellgas Partners issued an aggregate of 1.3 million Class B Units to holders of the Ferrellgas Partners Notes in satisfaction of their claims in respect of the Ferrellgas Partners Notes. See Note K – Equity for additional discussion. Issuance of Preferred Units of the Operating Partnership On the Effective Date, the operating partnership and the general partner (in its capacity as the general partner of operating partnership) entered into an Investment Agreement (the “Investment Agreement”) with certain purchasers named therein, pursuant to which, on the Effective Date, the operating partnership issued and sold to such purchasers an aggregate of 700,000 Senior Preferred Units (the “Preferred Units”), having an aggregate initial liquidation preference of $700.0 million. The purchase price per Preferred Unit was $1,000 less a 3.0% purchase price discount, for an aggregate purchase price of $679.0 million. The operating partnership received net proceeds from the issuance and sale of the Preferred Units of approximately $651.3 million, after deducting the purchase price discount and certain expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the 2026 Notes and the 2029 Notes (as defined and described below) and cash on hand, (i) to redeem (or satisfy and discharge and subsequently redeem) all of the operating partnership’s previously issued and outstanding senior notes, as described below, and (ii) to repay all outstanding obligations under the operating partnership’s then-existing accounts receivable securitization facility in connection with the termination of that facility, as described below. See Note J – Preferred units for additional discussion. Issuance of Senior Unsecured Notes of the Operating Partnership On the Effective Date, two wholly-owned subsidiaries of the operating partnership (the “Escrow Issuers”) issued $650.0 million aggregate principal amount of 5.375% senior notes due 2026 (the “2026 Notes”) and $825.0 million aggregate principal amount of 5.875% senior notes due 2029 (the “2029 Notes”), in each case, at an offering price equal to 100% of the principal amount thereof. On the Effective Date and immediately after the issuance of the 2026 Notes and the 2029 Notes by the Escrow Issuers, (i) the Escrow Issuers were merged into the operating partnership and Ferrellgas Finance Corp., respectively, and the operating partnership and Ferrellgas Finance Corp. assumed the obligations of the Escrow Issuers as co-issuers of the 2026 Notes and the 2029 Notes, and (ii) the general partner and certain subsidiaries of the operating partnership guaranteed the 2026 Notes and the 2029 Notes. The operating partnership received aggregate net proceeds from the issuance and sale of the 2026 Notes and the 2029 Notes of approximately $1,441.2 million, after deducting the initial purchasers’ discount and offering expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the Preferred Units and cash on hand, (i) to redeem (or satisfy and discharge the indentures governing and subsequently redeem) all of the operating partnership’s previously issued and outstanding senior notes, as described below, and (ii) to repay all outstanding obligations under the operating partnership’s then-existing accounts receivable securitization facility in connection with the termination of that facility, as described below. See Note I – Debt for additional discussion. Redemption of Previously Issued Senior Notes of the Operating Partnership Prior to the Effective Date, the operating partnership delivered notices of redemption of all its previously issued and outstanding 10.00% senior secured notes due 2025 (the “2025 Notes”), 6.50% senior unsecured notes due 2021 (the “2021 Notes”), 6.75% senior unsecured notes due 2022 (the “2022 Notes”) and 6.75% senior unsecured notes due 2023 (the “2023 Notes”), in the aggregate combined principal amount for all such notes of $2,175.0 million, pursuant the terms of the indentures governing those notes, with a redemption date of March 30, 2021 for the 2025 Notes and April 5, 2021 for the 2021 Notes, the 2022 Notes and the 2023 Notes. On the Effective Date, the operating partnership redeemed all of the issued and outstanding 2025 Notes. Also on the Effective Date, the operating partnership (i) satisfied and discharged the indentures governing the 2021 Notes, the 2022 Notes and the 2023 Notes by irrevocably depositing with the applicable trustees under such indentures funds in an amount sufficient to pay the redemption price for all of such notes on April 5, 2021 and (ii) delivered irrevocable instructions directing the applicable trustees to apply such funds to the redemption of such notes on April 5, 2021. As a result, as of the Effective Date, the indentures governing the 2021 Notes, the 2022 Notes and the 2023 Notes ceased to be of further effect (except as to certain expressly surviving rights), and all of the issued and outstanding 2021 Notes, 2022 Notes and 2023 Notes were redeemed on April 5, 2021. The aggregate redemption price for the 2021 Notes, the 2022 Notes, the 2023 Notes and the 2025 Notes was approximately $2,320.9 million, consisting of principal, redemption premium (in the case of the 2023 Notes and the 2025 Notes) and accrued and unpaid interest to the applicable redemption date. See Note I – Debt for additional discussion. Credit Agreement On the Effective Date, the operating partnership, the general partner and certain of the operating partnership’s subsidiaries entered into a credit agreement (the “Credit Agreement”), which provides for a four-year revolving credit facility (the “Credit Facility”) in an aggregate principal amount of up to $350.0 million, including a sublimit not to exceed $225.0 million for the issuance of letters of credit for a period of 60 days after March 30, 2021, reducing to $200.0 million thereafter. See Note I – Debt for additional discussion. Termination of Accounts Receivable Securitization Facility On the Effective Date, the operating partnership and its receivables subsidiary repaid all of the outstanding obligations and fees under the then-existing accounts receivable securitization facility and terminated that facility. See Note G – Accounts and notes receivable, net for additional discussion. Amended Partnership Agreements of Ferrellgas Partners and the Operating Partnership On the Effective Date, the general partner executed the Sixth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P. (the “Amended Ferrellgas Partners LPA”), which amended and restated in its entirety the Fifth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P. Among other matters, the Amended Ferrellgas Partners LPA provided for the restructuring of Ferrellgas Partners in accordance with the Plan, including (i) effecting a reverse unit split of Ferrellgas Partners’ then-outstanding common units pursuant to which the holders of the common units received one Class A Unit for every twenty common units held, and (ii) providing for the issuance of Class B Units to the holders of the Ferrellgas Partners Notes in exchange for such holders’ contribution of the Ferrellgas Partners Notes as a capital contribution to Ferrellgas Partners and in satisfaction of such holders’ claims in respect of the Ferrellgas Partners Notes. See Note K – Equity for additional discussion. Also on the Effective Date, the general partner executed (i) the Fifth Amended and Restated Agreement of Limited Partnership of Ferrellgas, L.P. (the “Amended OpCo LPA”), which amended and restated in its entirety the Fourth Amended and Restated Agreement of Limited Partnership of Ferrellgas L.P., and (ii) a First Amendment to the Amended OpCo LPA (the “OpCo LPA Amendment”), which sets forth the preferences, rights, privileges and other terms of the Preferred Units.
Ferrellgas Partners Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Organization And Formation	A. Formation Ferrellgas Partners Finance Corp. (the “Finance Corp.”), a Delaware corporation, was formed on March 28, 1996 and is a wholly-owned subsidiary of Ferrellgas Partners, L.P. (“Ferrellgas Partners”). Ferrellgas Partners contributed $1,000 to the Finance Corp. on April 8, 1996 in exchange for 1,000 shares of common stock. The Finance Corp. has nominal assets, does not conduct any operations and has no employees. Chapter 11 Bankruptcy Cases As previously reported, on January 11, 2021, Ferrellgas Partners and the Finance Corp. filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The chapter 11 cases were jointly administered under the caption and case numbers, In re: Ferrellgas Partners, L.P. and Ferrellgas Partners Finance Corp., Chapter 11 Case Nos. 21-10020 and 21-10021. On March 5, 2021, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Second Amended Prepackaged Joint Chapter 11 Plan of Reorganization of Ferrellgas Partners, L.P. and Ferrellgas Partners Finance Corp. (the “Plan”). On March 30, 2021 (the “Effective Date”), the conditions to effectiveness of the Plan were satisfied and the Confirmation Order was deemed binding upon Ferrellgas Partners, the Finance Corp. and all other parties affected by the Plan. In satisfying the conditions of the Plan, on the Effective Date, certain restructuring transactions by Ferrellgas Partners and certain financing transactions by Ferrellgas, L.P. were completed.
Ferrellgas, L.P. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Organization And Formation	A. Partnership organization and formation Ferrellgas, L.P. (the “operating partnership”) is a limited partnership that owns and operates propane distribution and related assets. Ferrellgas Partners, L.P. (“Ferrellgas Partners”) is a holding entity that conducts no operations and was formed to acquire and hold a limited partner interest in the operating partnership. Ferrellgas Partners and the holders of the Preferred Units (as defined below) are the only limited partners of the operating partnership. Ferrellgas, Inc. (the “general partner”), a Delaware corporation and a wholly-owned subsidiary of Ferrell Companies, is the sole general partner of Ferrellgas Partners and the operating partnership and, excluding the economic interests attributable to Ferrellgas Partners’ Class B Units and the operating partnership’s Preferred Units, owns an approximate 1% general partner economic interest in each and, therefore, an effective 2% general partner economic interest in the operating partnership. Excluding the economic interests attributable to the Preferred Units, Ferrellgas Partners owns an approximate 99% limited partner interest in the operating partnership. Our general partner performs all management functions for us. The operating partnership and Ferrellgas Partners, collectively referred to as “Ferrellgas,” are both Delaware limited partnerships and are governed by their respective partnership agreements. These agreements contain specific provisions for the allocation of net earnings and loss to each of the partners for purposes of maintaining the partner capital accounts. The operating partnership owns a 100% equity interest in Ferrellgas Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of debt securities issued by the operating partnership. The operating partnership is primarily engaged in the retail distribution of propane and related equipment sales. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Ferrellgas serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia, and Puerto Rico. Recent Developments Chapter 11 Bankruptcy Cases As previously reported, on January 11, 2021, Ferrellgas Partners and Ferrellgas Partners Finance Corp. filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The chapter 11 cases were jointly administered under the caption and case numbers, In re: Ferrellgas Partners, L.P. and Ferrellgas Partners Finance Corp., Chapter 11 Case Nos. 21-10020 and 21-10021. On March 5, 2021, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Second Amended Prepackaged Joint Chapter 11 Plan of Reorganization of Ferrellgas Partners, L.P. and Ferrellgas Partners Finance Corp. (the “Plan”). On March 30, 2021 (the “Effective Date”), the conditions to effectiveness of the Plan were satisfied and the Confirmation Order was deemed binding upon Ferrellgas Partners, Ferrellgas Partners Finance Corp. and all other parties affected by the Plan. In satisfying the conditions of the Plan, on the Effective Date, certain restructuring transactions by Ferrellgas Partners and certain financing transactions by the operating partnership were completed, as further described under “Transactions” that follows. Transactions Satisfaction of Ferrellgas Partners Notes; Issuance of Class B Units to Holders of Ferrellgas Partners Notes On the Effective Date, by operation of the Plan, all outstanding indebtedness (including accrued interest) of Ferrellgas Partners and Ferrellgas Partners Finance Corp. under their $357.0 million aggregate principal amount of 8.625% senior unsecured notes due June 2020 (the “Ferrellgas Partners Notes”), as described further in Note I –Debt, were discharged and cancelled. Pursuant to the Plan, Ferrellgas Partners issued an aggregate of 1.3 million of its Class B Units to holders of the Ferrellgas Partners Notes in satisfaction of their claims in respect of the Ferrellgas Partners Notes. Issuance of Preferred Units On the Effective Date, the operating partnership and the general partner (in its capacity as the general partner of operating partnership) entered into an Investment Agreement (the “Investment Agreement”) with certain purchasers named therein, pursuant to which, on the Effective Date, the operating partnership issued and sold to such purchasers an aggregate of 700,000 Senior Preferred Units (the “Preferred Units”), having an aggregate initial liquidation preference of $700.0 million. The purchase price per Preferred Unit was $1,000 less a 3.0% purchase price discount, for an aggregate purchase price of $679.0 million. The operating partnership received net proceeds from the issuance and sale of the Preferred Units of approximately $651.3 million, after deducting the purchase price discount and certain expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the 2026 Notes and the 2029 Notes (as defined and described below) and cash on hand, (i) to redeem (or satisfy and discharge and subsequently redeem) all of the operating partnership’s previously issued and outstanding senior notes, as described below, and (ii) to repay all outstanding obligations under the operating partnership’s then-existing accounts receivable securitization facility in connection with the termination of that facility, as described below. See Note J – Preferred units for additional discussion. Issuance of Senior Unsecured Notes On the Effective Date, two wholly-owned subsidiaries of the operating partnership (the “Escrow Issuers”) issued $650.0 million aggregate principal amount of 5.375% senior notes due 2026 (the “2026 Notes”) and $825.0 million aggregate principal amount of 5.875% senior notes due 2029 (the “2029 Notes”), in each case, at an offering price equal to 100% of the principal amount thereof. On the Effective Date and immediately after the issuance of the 2026 Notes and the 2029 Notes by the Escrow Issuers, (i) the Escrow Issuers were merged into the operating partnership and Ferrellgas Finance Corp., respectively, and the operating partnership and Ferrellgas Finance Corp. assumed the obligations of the Escrow Issuers as co-issuers of the 2026 Notes and the 2029 Notes, and (ii) the general partner and certain subsidiaries of the operating partnership guaranteed the 2026 Notes and the 2029 Notes. The operating partnership received aggregate net proceeds from the issuance and sale of the 2026 Notes and the 2029 Notes of approximately $1,441.2 million, after deducting the initial purchasers’ discount and offering expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the Preferred Units and cash on hand, (i) to redeem (or satisfy and discharge the indentures governing and subsequently redeem) all of the operating partnership’s previously issued and outstanding senior notes, as described below, and (ii) to repay all outstanding obligations under the operating partnership’s then-existing accounts receivable securitization facility in connection with the termination of that facility, as described below. See Note I – Debt for additional discussion. Redemption of Previously Issued Senior Notes Prior to the Effective Date, the operating partnership delivered notices of redemption of all its previously issued and outstanding 10.00% senior secured notes due 2025 (the “2025 Notes”), 6.50% senior unsecured notes due 2021 (the “2021 Notes”), 6.75% senior unsecured notes due 2022 (the “2022 Notes”) and 6.75% senior unsecured notes due 2023 (the “2023 Notes”), in the aggregate combined principal amount for all such notes of $2,175.0 million, pursuant the terms of the indentures governing those notes, with a redemption date of March 30, 2021 for the 2025 Notes and April 5, 2021 for the 2021 Notes, the 2022 Notes and the 2023 Notes. On the Effective Date, the operating partnership redeemed all of the issued and outstanding 2025 Notes. Also on the Effective Date, the operating partnership (i) satisfied and discharged the indentures governing the 2021 Notes, the 2022 Notes and the 2023 Notes by irrevocably depositing with the applicable trustees under such indentures funds in an amount sufficient to pay the redemption price for all of such notes on April 5, 2021 and (ii) delivered irrevocable instructions directing the applicable trustees to apply such funds to the redemption of such notes on April 5, 2021. As a result, as of the Effective Date, the indentures governing the 2021 Notes, the 2022 Notes and the 2023 Notes ceased to be of further effect (except as to certain expressly surviving rights), and all of the issued and outstanding 2021 Notes, 2022 Notes and 2023 Notes were redeemed on April 5, 2021. The aggregate redemption price for the 2021 Notes, the 2022 Notes, the 2023 Notes and the 2025 Notes was approximately $2,320.9 million, consisting of principal, redemption premium (in the case of the 2023 Notes and the 2025 Notes) and accrued and unpaid interest to the applicable redemption date. See Note I – Debt for additional discussion. Credit Agreement On the Effective Date, the operating partnership, the general partner and certain of the operating partnership’s subsidiaries entered into a credit agreement (the “Credit Agreement”), which provides for a four-year revolving credit facility (the “Credit Facility”) in an aggregate principal amount of up to $350.0 million, including a sublimit not to exceed $225.0 million for the issuance of letters of credit for a period of 60 days after March 30, 2021, reducing to $200.0 million thereafter. See Note I – Debt for additional discussion. Termination of Accounts Receivable Securitization Facility On the Effective Date, the operating partnership and its receivables subsidiary repaid all of the outstanding obligations and fees under the then-existing accounts receivable securitization facility and terminated that facility. See Note G – Accounts and notes receivable, net for additional discussion. Amended Partnership Agreement On the Effective Date, the general partner executed (i) the Fifth Amended and Restated Agreement of Limited Partnership of Ferrellgas, L.P. (the “Amended OpCo LPA”), which amended and restated in its entirety the Fourth Amended and Restated Agreement of Limited Partnership of Ferrellgas L.P., and (ii) a First Amendment to the Amended OpCo LPA (the “OpCo LPA Amendment”), which sets forth the preferences, rights, privileges and other terms of the Preferred Units.
Ferrellgas Finance Corp. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Organization And Formation	A. Formation Ferrellgas Finance Corp. (the “Finance Corp.”), a Delaware corporation, was formed on January 16, 2003 and is a wholly-owned subsidiary of Ferrellgas, L.P. (the “Partnership”). The Partnership contributed $1,000 to the Finance Corp. on January 24, 2003 in exchange for 1,000 shares of common stock. The Finance Corp. has nominal assets, does not conduct any operations and has no employees.

Summary Of Significant Accounting Policies

12 Months Ended

Jul. 31, 2021

Significant Accounting Policies

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 expected credit losses, fair value of reporting units, fair value of Class B 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.

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.

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

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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.

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

(6) 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.

(7) 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, 2021, 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, 2021 and did not incur an impairment loss.

(8) 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.

(9) 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, 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.

(10) 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.

(11) 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.

(12) 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 – other” primarily includes costs related to the sale of propane appliances and equipment.

(13) 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.

(14) 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.

(15) 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, 2021, 2020 and 2019, the portion of the total non-cash compensation charge relating to the ICPs was zero. During fiscal 2021 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 462,500 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.

(16) 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 consisted of the following:


	For the year ended July 31,
	2021		2020		2019
Current expense	$	739	$	297	$	180
Deferred expense		2		554		143
Income tax expense	$	741	$	851	$	323

Deferred taxes consisted of the following:

(17) 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.

(18) Net loss per Class A Unitholders’ interest: Net loss per Class A 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 Class A Units and the dilutive effect, if any, of outstanding unit options. See Note R – Net loss per Class A Unitholders’ interest – for further discussion about these calculations.

(19) 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.

(20) Class B Units Valuation: The Class B Units are classified in equity and are an equity host instrument. Based on Ferrellgas’ determination that the Class B Units are an equity host, Ferrellgas determined that all features of the Class B Units were either clearly and closely related to the equity host or did not meet the definition of a derivative, and therefore did not require bifurcation as a derivative. The Class B Units are recognized at their fair value at issuance. The fair value of the Class B Units is estimated based on a valuation model, including the use of Monte Carlo simulations of operating results and available cash flow for a Class B paydown. The significant assumptions in the forecasted operating results and forecasted available cash flow for Class B paydown included forecasted adjusted EBITDA, maintenance and growth capital expenditures, and debt service charges. The significant assumptions used in the Monte Carlo simulations, included the cash flow volatility, equity volatility, forecasted available cash flow for Class B paydown, and the discount rates. See Note K – Equity for further discussion.

(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 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. The adoption of this standard did not have a material impact on our 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.

Ferrellgas, L.P. [Member]

Significant Accounting Policies

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 expected credit losses, 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, a special purpose entity that had agreements with Ferrellgas, L.P. related to the terminated accounts receivable securitization facility.

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.

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

(6) 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.

(7) 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, 2021, 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, 2021 and did not incur an impairment loss.

(8) 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.

(9) 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. 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, 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.

(10) 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.

(11) 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.

(12) 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 – other” primarily includes costs related to the sale of propane appliances and equipment.

(14) 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.

(15) 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, 2021, 2020 and 2019, the portion of the total non-cash compensation charge relating to the ICPs was zero. During fiscal 2021 there were no plan-based awards granted under the ICP and all outstanding stock appreciation rights (“SARs”) are currently valued at zero.

(16) 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 consisted of the following:


	For the year ended July 31,
	2021		2020		2019
Current expense	$	725	$	248	$	150
Deferred expense		2		554		143
Income tax expense	$	727	$	802	$	293

Deferred taxes consisted of the following:

(17) 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.

(18) 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.

(19) 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. The adoption of this standard did not have a material impact on our 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, 2021

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, 2021 and 2020:


Leases	Classification		July 31, 2021		July 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	87,611	$	107,349
Financing lease assets	Other assets, net		34,858		41,426
Total leased assets		$	122,469	$	148,775

Liabilities
Current
Operating	Current operating lease liabilities	$	25,363	$	29,345
Financing	Other current liabilities		7,479		6,955
Noncurrent
Operating	Operating lease liabilities		74,349		89,022
Financing	Other liabilities		28,029		33,473
Total leased liabilities		$	135,220	$	158,795

The following table provides the lease expenses for the twelve months ended July 31, 2021 and 2020:


		For the year ended July 31,
Leases expense	Classification	2021		2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	7,695	$	7,450
	Operating expense - equipment lease expense		26,127		30,994
	Cost of sales - propane and other gas liquids sales		1,911		1,553
	General and administrative expense		437		1,490
Total operating lease expense			36,170		41,487

Short-term expense	Operating expense - personnel, vehicle, plant and other		8,151		7,188
	General and administrative expense		576		502
Total short-term expense			8,727		7,690

Variable lease expense	Operating expense - personnel, vehicle, plant and other		2,328		2,883
	Operating expense - equipment lease expense		1,547		1,642
Total variable lease expense			3,875		4,525

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense		8,878		2,613
Interest on lease liabilities	Interest expense		3,755		1,060
Total finance lease expense			12,633		3,673

Total lease expense (a)		$	61,405	$	57,375

(a)

As of July 31, 2021 and 2020 Ferrellgas has also recognized $0.4 million and $0.5 million, respectively, 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 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, 2021 are as follows:


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	29,181	$	10,376	$	39,557
2023		37,049		8,252		45,301
2024		19,953		7,608		27,561
2025		13,839		7,621		21,460
2026		5,314		6,767		12,081
Thereafter		16,672		4,925		21,597
Total lease payments	$	122,008	$	45,549	$	167,557
Less: Imputed interest		22,296		10,041		32,337
Present value of lease liabilities	$	99,712	$	35,508	$	135,220

The following table represents the weighted-average remaining lease term and discount rate as of July 31, 2021:


	As of July 31, 2021
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	4.8	8.2%
Finance leases	5.2	8.7%

Cash flow information is presented below:


	For the year ended July 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	34,895	$	41,636

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	3,396	$	1,060
Financing cash flows	$	7,188	$	2,116

Rental expense under these leases totaled $53.8 million for fiscal 2019.

Ferrellgas, L.P. [Member]

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 the 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, 2021 and 2020:


Leases	Classification		July 31, 2021		July 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	87,611	$	107,349
Financing lease assets	Other assets, net		34,858		41,426
Total leased assets		$	122,469	$	148,775

Liabilities
Current
Operating	Current operating lease liabilities	$	25,363	$	29,345
Financing	Other current liabilities		7,479		6,955
Noncurrent
Operating	Operating lease liabilities		74,349		89,022
Financing	Other liabilities		28,029		33,473
Total leased liabilities		$	135,220	$	158,795

The following table provides the lease expenses for the twelve months ended July 31, 2021 and 2020:


		For the year ended July 31,
Leases expense	Classification	2021		2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	7,695	$	7,450
	Operating expense - equipment lease expense		26,127		30,994
	Cost of sales - propane and other gas liquids sales		1,911		1,553
	General and administrative expense		437		1,490
Total operating lease expense			36,170		41,487

Short-term expense	Operating expense - personnel, vehicle, plant and other		8,151		7,188
	General and administrative expense		576		502
Total short-term expense			8,727		7,690

Variable lease expense	Operating expense - personnel, vehicle, plant and other		2,328		2,883
	Operating expense - equipment lease expense		1,547		1,642
Total variable lease expense			3,875		4,525

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense		8,878		2,613
Interest on lease liabilities	Interest expense		3,755		1,060
Total finance lease expense			12,633		3,673

Total lease expense (a)		$	61,405	$	57,375

(a)

As of July 31, 2021 and 2020 Ferrellgas, L.P. has also recognized $0.4 million and $0.5 million, respectively, 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 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, 2021 are as follows:


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	29,181	$	10,376	$	39,557
2022		37,049		8,252		45,301
2023		19,953		7,608		27,561
2024		13,839		7,621		21,460
2025		5,314		6,767		12,081
Thereafter		16,672		4,925		21,597
Total lease payments	$	122,008	$	45,549	$	167,557
Less: Imputed interest		22,296		10,041		32,337
Present value of lease liabilities	$	99,712	$	35,508	$	135,220

The following table represents the weighted-average remaining lease term and discount rate as of July 31, 2021:


	As of July 31, 2021
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	4.8	8.2%
Finance leases	5.2	8.7%

Cash flow information is presented below:


	For the year ended July 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	34,895	$	41,636

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	3,396	$	1,060
Financing cash flows	$	7,188	$	2,116

Rental expense under these leases totaled $53.8 million for fiscal 2019.

Acquisitions, dispositions and other significant transactions

12 Months Ended

Jul. 31, 2021

Business Acquisition [Line Items]

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 2021, Ferrellgas acquired propane distribution assets, primarily of an independent distributor, with an aggregate value of $7.9 million in the following transaction:

●

Proflame, Inc., based in New York, acquired in July 2021;

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.

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


	For the year ended July 31,
	2021		2020		2019
Cash payments, net of cash acquired	$	6,567	$	10,195	$	13,551
Issuance of liabilities and other costs and considerations		1,344		975		1,650
Aggregate fair value of transactions	$	7,911	$	11,170	$	15,201

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,
	2021		2020		2019
Working capital	$	—	$	—	$	31
Customer tanks, buildings, land and other		2,607		6,598		11,560
Goodwill		—		—		1,410
Customer lists		4,973		738		1,272
Non-compete agreements		331		3,834		928
Aggregate fair value of net assets acquired	$	7,911	$	11,170	$	15,201

The estimated fair values and useful lives of assets acquired during fiscal 2021 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 2020 and 2019 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.

“Loss on asset sales and disposals” consists of:


	For the year ended July 31,
	2021		2020		2019
Loss on sale of:
Midstream trucking, water disposal & terminal assets	$	—	$	—	$	2,679
Other		1,831		7,924		8,289
Loss on asset sales and disposals	$	1,831	$	7,924	$	10,968

Ferrellgas, L.P. [Member]

Business Acquisition [Line Items]

Business Combinations

D. Acquisitions, dispositions and other significant transactions

Acquisitions

Propane operations and related equipment sales

During fiscal 2021, Ferrellgas acquired propane distribution assets, primarily of an independent distributor, with an aggregate value of $7.9 million in the following transaction:

●

Proflame, Inc., based in New York, acquired in July 2021;

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, L.P. 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.

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


	For the year ended July 31,
	2021		2020		2019
Cash payments, net of cash acquired	$	6,567	$	10,195	$	13,551
Issuance of liabilities and other costs and considerations		1,344		975		1,650
Aggregate fair value of transactions	$	7,911	$	11,170	$	15,201


	For the year ended July 31,
	2021		2020		2019
Working capital	$	—	$	—	$	31
Customer tanks, buildings, land and other		2,607		6,598		11,560
Goodwill		—		—		1,410
Customer lists		4,973		738		1,272
Non-compete agreements		331		3,834		928
Aggregate fair value of net assets acquired	$	7,911	$	11,170	$	15,201

The estimated fair values and useful lives of assets acquired during fiscal 2021 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 2020 and 2019 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.

“Loss on asset sales and disposals” consists of:


	For the year ended July 31,
	2021		2020		2019
Loss on sale of:
Midstream trucking, water disposal & terminal assets	$	—	$	—	$	2,679
Other		1,831		7,924		8,289
Loss on asset sales and disposals	$	1,831	$	7,924	$	10,968

Quarterly Distributions Of Available Cash	12 Months Ended
Quarterly Distributions Of Available Cash	Jul. 31, 2021
Earnings Distribution Allocation [Line Items]
Quarterly Distributions Of Available Cash	E. Quarterly distribution of available cash Ferrellgas Partners is required by its partnership agreement to make quarterly cash distributions of all of its “available cash.” Available cash is defined in its partnership agreement 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 may be established in order to provide for the proper conduct of Ferrellgas Partners’ business, to comply with any contractual obligations and restrictions, and to provide funds for distributions with respect to any one or more of the next four fiscal quarters. To the extent Ferrellgas Partners has available cash for a particular fiscal quarter, distributions of such cash are required to be made within 45 days after the end of such fiscal quarter to holders of record on the applicable record date, subject to the terms and preferences of the Class B Units. To the extent distributions are made in respect of the Class A Units, pro rata distributions are also made to the general partner. See Note K – Equity for further discussion.
Ferrellgas, L.P. [Member]
Earnings Distribution Allocation [Line Items]
Quarterly Distributions Of Available Cash	E. Quarterly distribution of available cash The operating partnership is required by its partnership agreement to make quarterly cash distributions of all of its “available cash.” Available cash is defined in its partnership agreement 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 may be established in order to provide for the proper conduct of the operating partnership’s business, to comply with contractual obligations and restrictions, including the restrictions on distributions in the indentures governing the 2026 Notes and 2029 Notes, the Credit Agreement and the OpCo LPA Amendment, and to provide funds for distributions with respect to any one or more of the next four fiscal quarters. To the extent the operating partnership has available cash for a particular fiscal quarter, distributions of such cash are required to be made within 45 days after the end of such fiscal quarter, subject to the terms of the OpCo LPA Amendment. While any Preferred Units remain outstanding, after giving effect to required payments and distributions in respect of the Preferred Units, distributions by the operating partnership of its available cash will be made solely to Ferrellgas Partners. If and when there are no longer any Preferred Units outstanding, distributions by the operating partnership of its available cash will be made approximately 99% to Ferrellgas Partners and approximately 1% to the general partner.

Supplemental Financial Statement Information

12 Months Ended

Jul. 31, 2021

Supplemental Financial Statement Information [Line Items]

Supplemental Financial Statement Information

F. Supplemental financial statement information

Inventories consist of the following:


	July 31, 2021		July 31, 2020
Propane gas and related products	$	75,848	$	58,733
Appliances, parts and supplies, and other		12,531		13,931
Inventories	$	88,379	$	72,664

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, 2021, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 6.3 million gallons of propane at fixed prices.

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


	Estimated useful lives	July 31, 2021		July 31, 2020
Land	Indefinite	$	40,346	$	39,585
Land improvements	2-20		15,128		14,998
Buildings and improvements	20		88,620		88,349
Vehicles, including transport trailers	8-20		110,517		105,184
Bulk equipment and district facilities	5-30		110,983		111,019
Tanks, cylinders and customer equipment	2-30		786,912		784,466
Computer and office equipment	2-5		107,272		112,582
Construction in progress	n/a		8,478		6,889
			1,268,256		1,263,072
Less: accumulated depreciation			686,138		672,030
Property, plant and equipment, net		$	582,118	$	591,042

Depreciation expense totaled $64.1 million, $64.5 million and $60.7 million for fiscal 2021, 2020 and 2019, respectively.

Prepaid expenses and other current assets consist of the following:


	July 31, 2021		July 31, 2020
Broker margin deposit assets	$	21,068	$	14,398
Other		18,024		18,700
Prepaid expenses and other current assets	$	39,092	$	33,098

Other assets, net consist of the following:


	July 31, 2021		July 31, 2020
Notes receivable, less current portion and allowance	$	19,765	$	5,330
Finance lease right-of-use assets		34,858		41,426
Other		38,605		27,992
Other assets, net	$	93,228	$	74,748

Other current liabilities consist of the following:


	July 31, 2021		July 31, 2020
Accrued interest	$	29,095	$	53,841
Customer deposits and advances		35,734		32,257
Accrued payroll		28,143		18,375
Accrued insurance		11,104		14,796
Broker margin deposit liability		79,178		510
Accrued senior preferred units distributions		16,013		—
Other		46,733		47,687
Other current liabilities	$	246,000	$	167,466

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


	For the year ended July 31,
	2021		2020		2019
Operating expense - personnel, vehicle, plant and other	$	217,292	$	219,598	$	215,780
Depreciation and amortization expense		13,691		9,857		6,375
Operating expense - equipment lease expense		22,609		32,518		30,759
	$	253,592	$	261,973	$	252,914

Cash and cash equivalents consist of the following:


	July 31, 2021		July 31, 2020
Cash and cash equivalents	$	270,452	$	238,002
Restricted cash (1)		11,500		95,759
Cash, cash equivalents and restricted cash	$	281,952	$	333,761

(1)

As of July 31, 2021, restricted cash includes an $11.5 million cash deposit made with the administrative agent under the operating partnership’s senior secured credit facility that was terminated in April 2020, which may be used by the administrative agent to pay contingent obligations arising under the financing agreement that governed the terminated senior secured credit facility. As of July 31, 2020, 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 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.

Ferrellgas maintains its cash and cash equivalents in various bank accounts that, at times, may exceed federally insured limits. Ferrellgas’ cash and cash equivalent accounts have been placed with high credit quality financial institutions.

Certain cash flow and significant non-cash activities are presented below:


	For the year ended July 31,
	2021		2020		2019
Cash paid for:
Interest	$	205,505	$	147,402	$	166,897
Income taxes	$	706	$	289	$	141
Non-cash investing and financing activities:
Liability incurred in connection with Financing Agreement amendment	$	—	$	8,863	$	—
Liabilities incurred in connection with acquisitions	$	1,344	$	975	$	1,650
Change in accruals for property, plant and equipment additions	$	(386)	$	216	$	1,132
Lease liabilities arising from operating right-of-use assets	$	8,374	$	14,938	$	—
Lease liabilities arising from finance right-of-use assets	$	2,310	$	45,455	$	—
Accrued senior preferred units distributions	$	16,013	$	—	$	—

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information [Line Items]

Supplemental Financial Statement Information

F. Supplemental financial statement information

Inventories consist of the following:


	July 31, 2021		July 31, 2020
Propane gas and related products	$	75,848	$	58,733
Appliances, parts and supplies, and other		12,531		13,931
Inventories	$	88,379	$	72,664

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, 2021, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 6.3 million gallons of propane at fixed prices.

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


	Estimated useful lives	July 31, 2021		July 31, 2020
Land	Indefinite	$	40,346	$	39,585
Land improvements	2-20		15,128		14,998
Buildings and improvements	20		88,620		88,349
Vehicles, including transport trailers	8-20		110,517		105,184
Bulk equipment and district facilities	5-30		110,983		111,019
Tanks, cylinders and customer equipment	2-30		786,912		784,466
Computer and office equipment	2-5		107,272		112,582
Construction in progress	n/a		8,478		6,889
			1,268,256		1,263,072
Less: accumulated depreciation			686,138		672,030
Property, plant and equipment, net		$	582,118	$	591,042

Depreciation expense totaled $64.1 million, $64.5 million and $60.7 million for fiscal 2021, 2020 and 2019, respectively.

Prepaid expenses and other current assets consist of the following:


	July 31, 2021		July 31, 2020
Broker margin deposit assets	$	21,068	$	14,398
Other		18,005		18,653
Prepaid expenses and other current assets	$	39,073	$	33,051

Other assets, net consist of the following:


	July 31, 2021		July 31, 2020
Notes receivable, less current portion and allowance	$	19,765	$	5,330
Finance lease right-of-use assets		34,858		41,426
Other		38,605		27,992
Other assets, net	$	93,228	$	74,748

Other current liabilities consist of the following:


	July 31, 2021		July 31, 2020
Accrued interest	$	29,095	$	34,511
Customer deposits and advances		35,734		32,257
Accrued payroll		11,104		18,375
Accrued insurance		28,143		14,796
Broker margin deposit liability		79,178		510
Accrued senior preferred units distributions		16,013		—
Other		46,515		47,687
Other current liabilities	$	245,782	$	148,136

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


	For the year ended July 31,
	2021		2020		2019
Operating expense - personnel, vehicle, plant and other	$	217,292	$	219,598	$	215,780
Depreciation and amortization expense		13,691		9,857		6,375
Operating expense - equipment lease expense		22,609		32,518		30,759
	$	253,592	$	261,973	$	252,914

Cash and cash equivalents consist of the following:


	July 31, 2021		July 31, 2020
Cash and cash equivalents	$	270,188	$	237,996
Restricted cash (1)		11,500		95,759
Cash, cash equivalents and restricted cash	$	281,688	$	333,755

(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,
	2021		2020		2019
Cash paid for:
Interest	$	156,449	$	132,006	$	136,106
Income taxes	$	693	$	241	$	111
Non-cash investing and financing activities:
Liability incurred in connection with Financing Agreement amendment	$	—	$	8,863	$	—
Liabilities incurred in connection with acquisitions	$	1,344	$	975	$	1,650
Change in accruals for property, plant and equipment additions	$	(386)	$	216	$	1,132
Lease liabilities arising from operating right-of-use assets	$	8,374	$	14,938	$	—
Lease liabilities arising from finance right-of-use assets	$	2,310	$	45,455	$	—
Accrued senior preferred units distributions	$	16,013	$	—	$	—

Accounts And Notes Receivable, Net

12 Months Ended

Jul. 31, 2021

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

Accounts and notes receivable, net

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

Accounts and notes receivable, net consist of the following:


	July 31, 2021		July 31, 2020
Accounts receivable (a)	$	135,182	$	102,914
Note receivable		13,648		12,648
Less: Allowance for expected credit losses		(17,256)		(14,124)
Accounts and notes receivable, net	$	131,574	$	101,438

(a)

At July 31, 2020, $103.7 million was pledged as collateral under the terminated accounts receivable securitization facility, discussed below.

On March 30, 2021, Ferrellgas terminated the agreement governing the accounts receivable securitization facility, initially dated as of January 19, 2012 and as subsequently amended from time to time (the “Accounts Receivables Facility”). In connection with the termination of the Accounts Receivables Facility, Ferrellgas repaid all of the outstanding obligations and fees thereunder.

Ferrellgas, L.P. [Member]

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

Accounts and notes receivable, net

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

Accounts and notes receivable, net consist of the following:


	July 31, 2021		July 31, 2020
Accounts receivable (a)	$	135,182	$	102,914
Note receivable		13,648		12,648
Less: Allowance for expected credit losses		(17,256)		(14,124)
Accounts and notes receivable, net	$	131,574	$	101,438

(a)

At July 31, 2020, $103.7 million was pledged as collateral under the terminated accounts receivable securitization facility, discussed below

Goodwill And Intangible Assets, Net

12 Months Ended

Jul. 31, 2021

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

Goodwill And Intangible Assets, Net

H. Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of the following:


	July 31, 2021						July 31, 2020
	Gross Carrying		Accumulated				Gross Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	246,946	$	—	$	246,946	$	247,195	$	—	$	247,195

Intangible assets, net
Amortized intangible assets
Customer related	$	451,922	$	(405,490)	$	46,432	$	446,486	$	(397,843)	$	48,643
Non-compete agreements		26,319		(23,029)		3,290		26,319		(21,934)		4,385
Other		3,513		(3,513)		—		3,513		(3,513)		—
		481,754		(432,032)		49,722		476,318		(423,290)		53,028

Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,021		—		51,021
Total intangible assets, net	$	532,775	$	(432,032)	$	100,743	$	527,339	$	(423,290)	$	104,049

Changes in the carrying amount of goodwill are as follows:


	Propane operations and
	related equipment sales
Balance July 31, 2019	$	247,195
Acquisitions		—
Other		—
Balance July 31, 2020		247,195
Acquisitions		—
Other		(249)
Balance July 31, 2021	$	246,946

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 nine years.

Aggregate amortization expense related to intangible assets, net:


For the year ended July 31,
2021	$	8,742
2020		9,079
2019		14,581

Estimated amortization expense:


For the year ended July 31,
2022	$	7,687
2023		7,360
2024		7,084
2025		5,083
2026		4,523

Ferrellgas, L.P. [Member]

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

Goodwill And Intangible Assets, Net

H. Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of the following:


	July 31, 2021						July 31, 2020
	Gross						Gross
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	246,946	$	—	$	246,946	$	247,195	$	—	$	247,195

Intangible assets, net
Amortized intangible assets
Customer related	$	451,922	$	(405,490)	$	46,432	$	446,486	$	(397,843)	$	48,643
Non-compete agreements		26,319		(23,029)		3,290		26,319		(21,934)		4,385
Other		3,513		(3,513)		—		3,513		(3,513)		—
		481,754		(432,032)		49,722		476,318		(423,290)		53,028

Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,021		—		51,021
Total intangible assets, net	$	532,775	$	(432,032)	$	100,743	$	527,339	$	(423,290)	$	104,049

Changes in the carrying amount of goodwill are as follows:


	Propane operations and
	related equipment sales
Balance July 31, 2019	$	247,195
Acquisitions		—
Other		—
Balance July 31, 2020		247,195
Acquisitions		—
Other		(249)
Balance July 31, 2021	$	246,946

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 nine years.

Aggregate amortization expense related to intangible assets, net:


For the year ended July 31,
2021	$	8,742
2020		9,079
2019		14,581

Estimated amortization expense:


For the year ended July 31,
2022	$	7,687
2023		7,360
2024		7,084
2025		5,083
2026		4,523

Debt

12 Months Ended

Jul. 31, 2021

Debt Instrument [Line Items]

Debt Disclosure [Text Block]

I. Debt

Long-term debt

Long-term debt consists of the following:


	July 31, 2021		July 31, 2020
Unsecured senior notes
Fixed rate, 6.50%, due 2021 (1)	$	—	$	500,000
Fixed rate, 6.75%, due 2023 (2)		—		500,000
Fixed rate, 6.75%, due 2022, net of unamortized premium of $937 at July 31, 2020 (3)		—		475,937
Fixed rate, 8.625%, due 2020 (4)		—		357,000
Fixed rate, 5.375%, due 2026 (5)		650,000		—
Fixed rate, 5.875%, due 2029 (5)		825,000		—

Secured senior notes
Fixed rate, 10.00%, due 2025, net of unamortized premium of $3,573 at July 31, 2020 (6)		—		703,573

Notes payable
8.8% and 9.4% weighted average interest rate at July 31, 2021 and July 31, 2020, respectively, due 2021 to 2029, net of unamortized discount of $573 and $537 at July 31, 2021 and July 31, 2020, respectively		3,882		4,564
Total debt, excluding unamortized debt issuance and other costs		1,478,882		2,541,074
Unamortized debt issuance and other costs		(32,322)		(35,583)
Less: current portion of long-term debt		1,670		859,095
Long-term debt	$	1,444,890	$	1,646,396

(1)

During November 2010, the operating partnership issued $500.0 million aggregate principal amount of 6.50% senior notes due 2021 (referred to herein as the 2021 Notes). The outstanding principal amount of the 2021 Notes was due on May 1, 2021. Prior to the Effective Date, the operating partnership delivered a notice of redemption of all of the issued and outstanding 2021 Notes pursuant the terms of the indenture governing the 2021 Notes, with a redemption date of April 5, 2021. On the Effective Date, the operating partnership (i) satisfied and discharged the indenture governing the 2021 Notes by irrevocably depositing with the trustee under such indenture funds in an amount sufficient to pay the redemption price for all of the 2021 Notes on April 5, 2021 and (ii) delivered irrevocable instructions directing the trustee to apply such funds to the redemption of the 2021 Notes on April 5, 2021. As a result, as of the Effective Date, the indenture governing the 2021 Notes ceased to be of further effect (except as to certain expressly surviving rights), and all of the issued and outstanding 2021 Notes were redeemed on April 5, 2021. The aggregate redemption price for the 2021 Notes was $513.9 million, consisting of principal and accrued and unpaid interest to the redemption date.

(2)

During June 2015, the operating partnership issued $500.0 million aggregate principal amount of 6.75% senior notes due 2023 (referred to herein as the 2023 Notes). The outstanding principal amount of the 2023 Notes was due June 15, 2023. Prior to the Effective Date, the operating partnership delivered a notice of redemption of all of the issued and outstanding 2023 Notes pursuant the terms of the indenture governing the 2023 Notes, with a redemption date of April 5, 2021. On the Effective Date, the operating partnership (i) satisfied and discharged the indenture governing the 2023 Notes by irrevocably depositing with the trustee under such indenture funds in an amount sufficient to pay the redemption price for all of the 2023 Notes on April 5, 2021 and (ii) delivered irrevocable instructions directing the trustee to apply such funds to the redemption of the 2023 Notes on April 5, 2021. As a result, as of the Effective Date, the indenture governing the 2023 Notes ceased to be of further effect (except as to certain expressly surviving rights), and all of the issued and outstanding 2023 Notes were redeemed on April 5, 2021. The aggregate redemption price for the 2023 Notes was $518.8 million, consisting of principal, redemption premium and accrued and unpaid interest to the redemption date.

(3)

During fiscal 2014, the operating partnership issued $475.0 million aggregate principal amount of 6.75% senior notes due 2022 (referred to herein as the 2022 Notes), $325.0 million of which was issued at par and $150.0 million of which was issued at 104% of par. The outstanding principal amount of the 2022 Notes was due January 15, 2022. Prior to the Effective Date, the operating partnership delivered a notice of redemption of all of the issued and outstanding 2022 Notes pursuant the terms of the indenture governing the 2022 Notes with a redemption date of April 5, 2021. On the Effective Date, the operating partnership (i) satisfied and discharged the indenture governing the 2022 Notes by irrevocably depositing with the trustee under such indenture funds in an amount sufficient to pay the redemption price for all of the 2022 Notes on April 5, 2021 and (ii) delivered irrevocable instructions directing the trustee to apply such funds to the redemption of the 2022 Notes on April 5, 2021. As a result, as of the Effective Date, the indenture governing the 2022 Notes ceased to be of further effect (except as to certain expressly surviving rights), and all of the issued and outstanding 2022 Notes were redeemed on April 5, 2021. The aggregate redemption price for the 2022 Notes was $482.0 million, consisting of principal and accrued and unpaid interest to the redemption date.

(4)

During April 2010, Ferrellgas Partners issued $280.0 million aggregate principal amount of 8.625% unsecured senior notes due 2020 (referred to herein as the Ferrellgas Partners Notes). During March 2011, Ferrellgas Partners redeemed $98.0 million of the Ferrellgas Partners Notes. During January 2017, Ferrellgas Partners issued $175.0 million aggregate principal amount of additional Ferrellgas Partners Notes at 96% of par. The outstanding principal amount of the Ferrellgas Partners Notes was due on June 15, 2020, but had not been repaid and was classified as current on the consolidated balance sheet as of July 31, 2020. On the Effective Date, by operation of the Plan, all outstanding indebtedness under the Ferrellgas Partners Notes was discharged and cancelled. Pursuant to the Plan, Ferrellgas Partners issued an aggregate of 1.3 million Class B Units to holders of the Ferrellgas Partners Notes in satisfaction of their claims in respect of the Ferrellgas Partners Notes.

(5)

On the Effective Date, two wholly-owned subsidiaries of the operating partnership (referred to herein as the Escrow Issuers) issued $650.0 million aggregate principal amount of 5.375% senior notes due 2026 (referred to herein as the 2026 Notes) and $825.0 million aggregate principal amount of 5.875% senior notes due 2029 (referred to herein as the 2029 Notes). On the Effective Date and immediately after the issuance of the 2026 Notes and 2029 Notes by the Escrow Issuers, (i) the Escrow Issuers were merged into the operating partnership and Ferrellgas Finance Corp., respectively, and the operating partnership and Ferrellgas Finance Corp. assumed the obligations of the Escrow Issuers as co-issuers of the 2026 Notes and the 2029 Notes, and (ii) the general partner and certain subsidiaries of the operating partnership guaranteed the 2026 Notes and the 2029 Notes. The 2026 Notes and 2029 Notes bear interest from the date of issuance, payable semi-annually in arrears on October 1 and April 1 of each year. The 2026 Notes will mature on April 1, 2026, and the 2029 Notes will mature on April 1, 2029. See “–Senior unsecured notes” below for additional discussion.

(6)

During April 2020, the operating partnership issued $700.0 million aggregate principal amount of 10.00% senior secured first lien notes due 2025 (referred to herein as the 2025 Notes), $575.0 million of which was issued at par and $125.0 million of which was issued at 103% of par. The outstanding principal amount of the 2025 Notes was due on April 15, 2025. Prior to the Effective Date, the operating partnership delivered a notice of redemption of all of the issued and outstanding 2025 Notes pursuant the terms of the indenture governing the 2025 Notes, with a redemption date of March 30, 2021, and all of the issued and outstanding 2025 Notes were redeemed on the Effective Date. The aggregate redemption price for the 2025 Notes was $806.2 million, consisting of principal, redemption premium and accrued and unpaid interest to the redemption date.

Senior secured revolving credit facility

On the Effective Date, the operating partnership, the general partner and certain of the operating partnership’s subsidiaries entered into the Credit Agreement, which provides for the four-year revolving Credit Facility in an aggregate principal amount of up to $350.0 million, including a sublimit not to exceed $225.0 million for the issuance of letters of credit for a period of 60 days after March 30, 2021, reducing to $200.0 million thereafter.

All borrowings under the Credit Facility are guaranteed by the general partner and the direct and indirect subsidiaries of the operating partnership (other than Ferrellgas Finance Corp. and Ferrellgas Receivables, LLC) and a limited-recourse guaranty from Ferrellgas Partners (limited to its equity interests in the operating partnership). Additionally, all borrowings are secured, on a first priority basis, by substantially all of the assets of the operating partnership and its subsidiaries and all of the equity interests in the operating partnership held by the general partner and Ferrellgas Partners.

Availability under the Credit Facility is, at any time, an amount equal to (a) the lesser of the revolving commitment (initially $350.0 million) and the Borrowing Base (as defined below) minus (b) the sum of the aggregate outstanding amount of borrowings under Credit Facility plus the undrawn amount of outstanding letters of credit under the Credit Facility plus unreimbursed drawings in respect of letters of credit (unless otherwise converted into revolving loans). The "Borrowing Base" equals the sum of: (a) $200.0 million, plus (b) 80% of the eligible accounts receivable of the operating partnership and its subsidiaries, plus (c) 70% of the eligible propane inventory of the operating partnership and its subsidiaries, valued at weighted average cost, less (d) certain reserves, as determined and subject to certain modifications by the administrative agent in its permitted discretion.

Amounts borrowed under the Credit Facility bear interest, at the operating partnership's option, at either (a) for base rate loans, (i) a base rate determined by reference to the highest of (A) the rate of interest last quoted by The Wall Street Journal in the U.S. as the prime rate in effect, (B) the NYFRB Rate from time to time plus 0.50% per annum and (C) the Adjusted LIBO Rate for a one-month interest period plus 1.00% per annum plus (ii) a margin of 1.50% to 2.00% per annum depending on total net leverage or (b) for Eurodollar rate loans, (i) a rate determined by reference to the Adjusted LIBO Rate plus (ii) a margin of 2.50% to 3.00% per annum depending on total net leverage. The operating partnership will be required to pay an undrawn fee to the lenders on the average daily unused amount of the Credit Facility at a rate of 0.375% to 0.50% per annum depending on total net leverage.

The Credit Agreement contains customary representations, warranties, covenants and events of default.

The financial covenants in the Credit Agreement require the operating partnership to maintain: (1) a minimum interest coverage ratio (defined generally as the ratio of adjusted EBITDA to cash interest expense) of 2.50 to 1.00, (2) a maximum secured leverage ratio (defined generally as the ratio of total first priority secured indebtedness to adjusted EBITDA) of 2.50 to 1.00, and (3) a maximum total net leverage ratio (defined generally as the ratio of total indebtedness (net of unrestricted cash, subject to certain limits) to adjusted EBITDA) of 5.50 to 1.00 initially. The maximum total net leverage ratio adjusts to 5.25 to 1.00 starting with the quarter ending April 30, 2022, 5.00 to 1.00 starting with the quarter ending October 31, 2022, and 4.75 to 1.00 starting with the quarter ending April 30, 2023.

In addition to the financial covenants, the Credit Agreement includes covenants that may (or if not met will) restrict the ability of the operating partnership to, among other things: incur indebtedness or liens; effect certain fundamental changes, including mergers, consolidations, liquidations, dissolutions and changes in line of business; make certain restricted payments, including distributions to holders of Preferred Units, Ferrellgas Partners and the general partner and redemptions of Preferred Units; make investments, loans or advances; dispose of assets; effect sale and leaseback transactions; enter into swap agreements; make optional payments and modifications of subordinated and other debt instruments; enter into transactions with affiliates; agree to negative pledge clauses and burdensome agreements; and effect amendments to organizational documents.

On June 11, 2021, the operating partnership, the general partner and certain of the operating partnership’s subsidiaries entered into a First Amendment to the Credit Agreement (the “Credit Agreement Amendment”), with an effective date of April 30, 2021. Among other matters, the Credit Agreement Amendment amended the minimum-interest-coverage-ratio covenant described above by (i) waiving compliance with the covenant for the trailing four fiscal quarters ended April 30, 2021 and (ii) annualizing the cash interest expense component of the covenant for (a) the fiscal quarter ended on July 31, 2021, (b) the two fiscal quarters ending October 31, 2021, and (c) the three fiscal quarters ending January 31, 2022.

Senior unsecured notes

As discussed above, on the Effective Date, (i) the Escrow Issuers issued $650.0 million aggregate principal amount of 2026 Notes and $825.0 million aggregate principal amount of 2029 Notes, and (ii) the operating partnership and Ferrellgas Finance Corp. assumed the obligations of the Escrow Issuers as co-issuers of the 2026 Notes and the 2029 Notes upon the merger of the Escrow Issuers into the operating partnership and Ferrellgas Finance Corp., respectively. The operating partnership received aggregate net proceeds from the issuance and sale of the 2026 Notes and the 2029 Notes of approximately $1,441.2 million, after deducting the initial purchasers’ discount and estimated offering expenses. The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the Preferred Units, as discussed in Note J – Preferred units, and cash on hand, (i) to redeem (or satisfy and discharge the indentures governing and subsequently redeem) all of the issued and outstanding 2021 Notes, 2022 Notes, 2023 Notes and 2025 Notes, as described above, and (ii) to repay all outstanding obligations under the Accounts Receivable Facility in connection with the termination of that facility, as described in Note G – Accounts and notes receivable, net.

The 2026 Notes and 2029 Notes are the senior unsecured obligations of the operating partnership and Ferrellgas Finance Corp. and are unconditionally guaranteed, jointly and severally, on a senior unsecured basis by the general partner and all domestic subsidiaries of the operating partnership other than Ferrellgas Finance Corp. and Ferrellgas Receivables, LLC.

The 2026 Notes may be redeemed prior to April 1, 2023 and the 2029 Notes may be redeemed prior to April 1, 2024 at the issuer’s option, in whole or in part, at a redemption price of par plus the applicable make-whole premium and accrued and unpaid interest. On and after April 1, 2023 and April 1, 2024, the 2026 Notes and the 2029 Notes, respectively, may be redeemed at the issuer’s option, in whole or in part, at the redemption prices set forth in the respective indenture governing such notes, plus accrued and unpaid interest. Beginning on April 1, 2025 and April 1, 2026, the 2026 Notes and 2029 Notes, respectively, may be redeemed at par plus accrued and unpaid interest.

The indentures governing the 2026 Notes and 2029 Notes contain customary affirmative and negative covenants restricting, among other things, the ability of the operating partnership and its restricted subsidiaries to: incur additional indebtedness and guarantee indebtedness; pay dividends or make other distributions (including distributions to holders of Preferred Units, Ferrellgas Partners and the general partner) or repurchase or redeem their equity interests (including redemptions of Preferred Units); repurchase or redeem certain debt; make certain other restricted payments or investments; sell assets, incur liens, enter into transactions with affiliates, enter into agreements restricting the operating partnership’s subsidiaries’ ability to pay dividends; and consolidate, merge or sell all or substantially of their assets. The indentures also restrict the ability of the general partner to engage in certain activities.

In particular, under these covenants, subject to certain exceptions and additional requirements, the operating partnership is permitted to make cash distributions to holders of Preferred Units, Ferrellgas Partners and the general partner, redemptions of Preferred Units and other restricted payments (i) only in limited amounts specified in the indentures and (ii) only if the operating partnership’s net leverage ratio (defined generally to mean the ratio of consolidated total net debt to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is not greater than 5.0 to 1.0, on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events. Further, if the operating partnership’s consolidated fixed charge coverage ratio (defined generally to mean the ratio of trailing four quarters consolidated EBITDA to consolidated fixed charges, both as adjusted for certain, specified items) is equal to or less than 1.75 to 1.00 (on a pro forma basis giving effect to the restricted payment and, if applicable, certain other specified events), the amount of distributions and other restricted payments the operating partnership is permitted to make under the indentures is further limited.

Loss on extinguishment of debt

As discussed in Note A – Partnership organization and formation under “—Recent Developments—Transactions”, proceeds from the issuance of the Preferred Units, the 2026 Notes and the 2029 Notes were used to redeem (or satisfy and discharge and subsequently redeem) all of the operating partnership’s previously issued and outstanding notes, and the Class B Units were issued to holders of the Ferrellgas Partners Notes in satisfaction of their claims in respect of the Ferrellgas Partners Notes The effects of these transactions resulted in a $104.8 million loss on extinguishment of debt. A table detailing the components of the loss on extinguishment of debt is presented below:


	For the year ended
	July 31, 2021
Payment of redemption premium on debt extinguishment	$	83,072
Fair value of Class B units in excess of carrying value		(5,101)
Make-whole payments		1,964
Unamortized deferred financing costs		24,899
Total loss on extinguishment of debt	$	104,834

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


	Scheduled
Payment due by fiscal year	principal payments
2022	$	1,670
2023		1,234
2024		664
2025		534
2026		650,335
Thereafter		825,019
Total	$	1,479,456

Letters of credit outstanding at July 31, 2021 and 2020 totaled $107.7 million and $126.0 million, respectively, and were used to secure insurance arrangements, product purchases and commodity hedges. At July 31, 2021, Ferrellgas had available borrowing capacity under its Credit Facility of $219.9 million. At July 31, 2020, 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. Additionally, at July 31, 2020, Ferrellgas also issued letters of credit of $50.0 million by utilizing liquidity available on the terminated Accounts Receivable Facility. Ferrellgas incurred commitment fees of $0.1 million, $0.5 million and $1.0 million in fiscal 2021, 2020 and 2019, respectively.

Ferrellgas, L.P. [Member]

Debt Instrument [Line Items]

Debt Disclosure [Text Block]

I. Debt

Long-term debt

Long-term debt consists of the following:


	July 31, 2021		July 31, 2020
Unsecured senior notes
Fixed rate, 6.50%, due 2021 (1)	$	—	$	500,000
Fixed rate, 6.75%, due 2023 (2)		—		500,000
Fixed rate, 6.75%, due 2022, net of unamortized premium of $937 at July 31, 2020 (3)		—		475,937
Fixed rate, 5.375%, due 2026 (4)		650,000		—
Fixed rate, 5.875%, due 2029 (4)		825,000		—

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

Notes payable
8.8% and 9.4% weighted average interest rate at July 31, 2021 and July 31, 2020, respectively, due 2021 to 2029, net of unamortized discount of $573 and $537 at July 31, 2021 and July 31, 2020, respectively		3,882		4,564
Total debt, excluding unamortized debt issuance and other costs		1,478,882		2,184,074
Unamortized debt issuance and other costs		(32,322)		(35,583)
Less: current portion of long-term debt		1,670		502,095
Long-term debt	$	1,444,890	$	1,646,396

(1)

(2)

(3)

During fiscal 2014, the operating partnership issued $475.0 million aggregate principal amount of 6.75% senior notes due 2022 (referred to herein as the 2022 Notes), $325.0 million of which was issued at par and $150.0 million of which was issued at 104% of par. The outstanding principal amount of the 2022 Notes was due January 15, 2022. Prior to the Effective Date, the operating partnership delivered a notice of redemption of all of the issued and outstanding 2022 Notes pursuant the terms of the indenture governing the 2022 Notes, with a redemption date of April 5, 2021. On the Effective Date, the operating partnership (i) satisfied and discharged the indenture governing the 2022 Notes by irrevocably depositing with the trustee under such indenture funds in an amount sufficient to pay the redemption price for all of the 2022 Notes on April 5, 2021 and (ii) delivered irrevocable instructions directing the trustee to apply such funds to the redemption of the 2022 Notes on April 5, 2021. As a result, as of the Effective Date, the indenture governing the 2022 Notes ceased to be of further effect (except as to certain expressly surviving rights), and all of the issued and outstanding 2022 Notes were redeemed on April 5, 2021. The aggregate redemption price for the 2022 Notes was $482.0 million, consisting of principal and accrued and unpaid interest to the redemption date.

(4)

(5)

Senior secured revolving credit facility

The Credit Agreement contains customary representations, warranties, covenants and events of default.

Senior unsecured notes

Loss on extinguishment of debt

As discussed in Note A – Partnership organization and formation under “—Recent Developments—Transactions”, proceeds from the issuance of the Preferred Units, the 2026 Notes and the 2029 Notes were used to redeem (or satisfy and discharge and subsequently redeem) all of the operating partnership’s previously issued and outstanding notes. The effects of these transactions resulted in an approximate $108.0 million loss on extinguishment of debt. A table detailing the components of the loss on extinguishment of debt is presented below:


	For the year ended
	July 31, 2021
Payment of redemption premium on debt extinguishment	$	83,072
Unamortized deferred financing costs		24,899
Total loss on extinguishment of debt	$	107,971

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


Payment due by fiscal year	Scheduled principal payments
2022	$	1,670
2023		1,234
2024		664
2025		534
2026		650,335
Thereafter		825,019
Total	$	1,479,456

Letters of credit outstanding at July 31, 2021 and 2020 totaled $107.7 million and $126.0 million, respectively, and were used to secure insurance arrangements, product purchases and commodity hedges. As of July 31, 2021, Ferrellgas, L.P. had available borrowing capacity under its Credit Facility of $219.9 million. As of July 31, 2020, 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. Additionally, at July 31, 2020, Ferrellgas, L.P. also issued letters of credit of $50.0 million by utilizing liquidity available on the terminated Accounts Receivable Facility.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Preferred Units

12 Months Ended

Jul. 31, 2021

Temporary Equity [Line Items]

Preferred units

J. Preferred units

On the Effective Date, pursuant to the Investment Agreement, the operating partnership issued an aggregate of 700,000 Preferred Units, having an aggregate initial liquidation preference of $700.0 million. The purchase price per Preferred Unit was $1,000 less a 3.0% purchase price discount, for an aggregate purchase price of $679.0 million. The operating partnership received net proceeds from the issuance and sale of the Preferred Units of approximately $651.3 million, after deduction of the purchase price discount and certain expenses.

The operating partnership used such net proceeds, together with the net proceeds of the issuance and sale of the 2026 Notes and the 2029 Notes and cash on hand, (i) to redeem (or satisfy and discharge the indentures governing and subsequently redeem) all of the issued and outstanding 2021 Notes, 2022 Notes, 2023 Notes and 2025 Notes, as described in Note I - Debt, and (ii) to repay all outstanding obligations under the Accounts Receivable Facility in connection with the termination of that facility, as described in Note G – Accounts and notes receivable, net.

Redemption of the Preferred Units in the near term is not probable because of the high redemption price in the first three to five years. As described in greater detail under “Issuer Redemption Right” below, the Redemption Price for the Preferred Units is based upon the greater of the amount that would result in a 1.47x MOIC (defined below) and the amount that would result in a 12.25% internal rate of return. If the Preferred Units were redeemed at any time during the first three to four years after issuance, the 1.47x MOIC would require a large premium payment and that large premium payment would result in an internal rate of return far in excess of the minimum 12.25%. Consequently, it is unlikely that Ferrellgas would be able to achieve any savings in its cost of capital by redeeming the Preferred Units during the first three to four years after issuance.

“MOIC” means, with respect to a Preferred Unit, a multiple on invested capital equal to the quotient determined by dividing (A) the sum of (x) the aggregate amount of all distributions made in cash with respect to such Preferred Unit prior to the applicable date of determination, with certain exclusions, plus (y) each Redemption Price paid in cash in respect of such Preferred Unit, on or prior to the applicable date of determination, by (B) the Purchase Price (defined below) of such Preferred Unit.

The issuance of the Preferred Units is shown in the table below:



		Preferred Units
Balance at July 31, 2020		—
Preferred units issued		700,000
Balance at July 31, 2021		700,000

The preferences, rights, privileges and other terms of the Preferred Units are set forth in the OpCo LPA Amendment entered into by the general partner on the Effective Date (along with the Amended OpCo LPA) and are described below.

Issuer Redemption Right

The operating partnership has the right to redeem all or a portion of the Preferred Units for cash, pro rata and at any time and from time to time, including in connection with a Change of Control (as defined in the OpCo LPA Amendment), at an amount per Preferred Unit (the “Redemption Price”) equal to, without duplication, the sum of (a) the greater of (i) the amount necessary to result in a MOIC (as defined below) of 1.47x in respect of the purchase price, before discount, of such Preferred Unit, which is $1,000 per Preferred Unit (the “Purchase Price”), and (ii) the amount necessary to result in the applicable internal rate of return equal to 12.25%, which is increased by 150 basis points if the operating partnership has elected to pay more than four Quarterly Distributions (as defined below) in PIK Units (as defined below) and (b) the accumulated but unpaid Quarterly Distributions to the date of redemption, if any. A partial redemption of the Preferred Units is permitted only in the event the aggregate amount to be paid in respect of all Preferred Units included in such partial redemption is at least $25.0 million.

Investor Redemption Right

In the event that (i) any Class B Units are outstanding, or (ii) (x) no Class B Units are outstanding and (y) no more than 233,300 Preferred Units are outstanding, at any time on and after the tenth anniversary of the Effective Date the Required Holders may elect, by delivery of written notice, to have the operating partnership fully redeem each remaining outstanding Preferred Unit for an amount in cash equal to the Redemption Price. “Required Holders” refers to both (i) holders owning at least 33.3% of the total Preferred Units outstanding at any time and (ii) certain initial affiliated purchasers, for so long as such initial affiliated purchasers collectively own at least 25% of the Preferred Units outstanding at such time.

In the event that (i) no Class B Units are outstanding and (ii) more than 233,300 Preferred Units are outstanding, the Required Holders will have the right to trigger a sale of the operating partnership after the tenth anniversary of the Effective Date. If the operating partnership fails to consummate a sale that would pay the Redemption Price in full within 180 days of written notice requiring such sale, the Required Holders will have the right to appoint a majority of the members of the Board of Directors of the general partner and initiate a sale of the operating partnership.

Change of Control

Upon a Change of Control (as defined in the OpCo LPA Amendment), the Required Holders will have the option to require the redemption of all or a portion of the Preferred Units in cash in an amount equal to the Redemption Price; provided, that such Redemption Price shall not be payable unless the operating partnership shall have first made any required change of control offer pursuant to the indentures governing the 2026 Notes and the 2029 Notes and purchased all such 2026 Notes and 2029 Notes tendered pursuant to such offer (unless otherwise waived by such noteholders); provided, further that the Redemption Price shall be paid immediately following the purchase of such tendered Notes (if any).

Fair Value of Embedded Derivatives

Ferrellgas identified the investor redemption right and the change in control option as embedded derivatives that require bifurcation as they are not clearly and closely related to the debt host contract and has concluded that the fair values at issuance and at July 31, 2021, are immaterial to the financial statements. Monte Carlo simulations of operating results and available cash flow for a Class B paydown were developed for purposes of valuation. The significant assumptions in the forecasted operating results and forecasted available cash flow for Class B paydown included forecasted adjusted EBITDA, maintenance and growth capital expenditures, and debt service charges. The significant assumptions used in the simulation included the cash flow volatility, equity volatility, forecasted available cash flow for Class B paydown, and the discount rates.

Distributions

Pursuant to the OpCo LPA Amendment, the operating partnership is required to pay to the holders of each Preferred Unit a cumulative, quarterly distribution (the "Quarterly Distribution") at the Distribution Rate (as defined below) on the Purchase Price.

"Distribution Rate" means, for the first five years after March 30, 2021, a rate per annum equal to 8.956%, with certain increases in the Distribution Rate on each of the 5^th, 6^th and 7^th anniversaries of March 30, 2021, subject to a maximum rate of 11.125% and certain other adjustments and exceptions.

The Quarterly Distribution may be paid in cash or, at the election of the operating partnership, "in kind" through the issuance of additional Preferred Units ("PIK Units") at the quarterly Distribution Rate plus an applicable premium that escalates each year from 75 bps to 300 bps so long as the Preferred Units remain outstanding. In the event the operating partnership fails to make any Quarterly Distribution in cash, such Quarterly Distribution will automatically be paid in PIK Units.

The Distribution Rate on the Preferred Units will increase upon violation of certain protective provisions for the benefit of Preferred Unit holders notwithstanding the cap mentioned above.

As of April 30, 2021, the Quarterly Distribution accrued was $8.0 million, reflecting a prorated distribution amount for the period from the Effective Date to April 30, and the Quarterly Distribution in that amount was paid in cash to holders of Preferred Units on May 17, 2021. As of July 31, 2021, the aggregate Quarterly Distribution and Additional Amounts (as defined below) accrued was $16.0 million, and that amount was paid in cash to holders of Preferred Units on August 16, 2021.

Tax Distributions

For any quarter in which the operating partnership makes a Quarterly Distribution in PIK Units in lieu of cash, it will be required to make a subsequent cash tax distribution for such quarter in an amount equal to the (i) the lesser of (x) 25% and (y) the highest combined federal, state and local tax rate applicable for corporations organized in New York, multiplied by (ii) the excess (if any) of (A) one-fourth (1/4th) of the estimated taxable income to be allocated to the holders of Preferred Units for the year in which the Quarterly Tax Payment Date (which refers to certain specified dates that next follow a Quarterly Distribution date on which PIK Units were issued) occurs, over (B) any cash paid on the Quarterly Distribution date immediately preceding the Quarterly Tax Payment Date on which a quarterly tax amount would otherwise be paid (such amount, the "Tax Distribution"). Tax Distributions are treated as advances against, and reduce, future cash distributions for any reason, including payments in redemption of Preferred Units or PIK Units, or payments to the holders in their capacity as such pursuant to any side letter or other agreement.

Additional Amounts for Certain Purchasers

The operating partnership is required to pay certain additional amounts of cash (the “Additional Amounts”) as necessary to certain holders of Preferred Units that hold their interests through a “blocker,” which is a U.S. entity that is owned and organized by certain original purchasers of Preferred Units who are non-U.S. persons or tax exempt for U.S. tax purposes and is treated as a corporation for U.S. tax purposes. Only certain original purchasers of Preferred Units who hold their Preferred Units through such blockers are, and none of their transferees is, entitled to Additional Amounts. Additional Amounts are capped at the lesser of: (a) the product of 20% multiplied by taxable income allocated to a “blocker” (as defined) divided by 0.8, and (b) the actual taxes payable by the “blocker” as a result of holding Senior Preferred Units.

Board Rights

For so long as at least 140,000 Preferred Units remain outstanding, holders of the Preferred Units have the right to designate one director to the Board of the general partner, subject to approval by the general partner.

Protective Provisions

The OpCo LPA Amendment and the Amended Ferrellgas Partners LPA include, among other things, certain covenants for the benefit of holders of Preferred Units applicable to the operating partnership and, in certain instances, Ferrellgas Partners, for so long as at least $35,000,000 of Preferred Units and PIK Units remain outstanding. These covenants include, among other things, limitations on (i) effecting a Change of Control, (ii) amending organizational documents, (iii) issuing certain equity securities, (iv) issuing Preferred Units, (v) filing for bankruptcy, (vi) non-ordinary course investments, and (vii) incurring certain levels of indebtedness.

Ranking and Liquidation Preference

The Preferred Units rank senior to any other class or series of equity interests of the operating partnership (including the partnership interests held by Ferrellgas Partners and the general partner). Upon a liquidation, dissolution or winding up of the operating partnership, each holder of Preferred Units will be entitled to receive, prior and in preference to any distribution of any assets of the operating partnership to the holders of any other class or series of equity interests in the operating partnership (including Ferrellgas Partners and the general partner), an amount per Preferred Unit equal to the Redemption Price.

Restrictions on Cash Distributions to Ferrellgas Partners and the General Partner

The operating partnership is permitted to make distributions of Available Cash (as defined in the Amended OpCo LPA) to Ferrellgas Partners only if (i) the operating partnership has made all required Quarterly Distributions (in cash or PIK Units), Tax Distributions and payments of Additional Amounts, (ii) the operating partnership has redeemed all PIK Units issued, (iii) the operating partnership’s consolidated net leverage (defined generally to mean the ratio of the operating partnership’s consolidated total net debt (including the total redemption price of all outstanding Preferred Units and PIK Units but excluding certain letters of credit and capital lease obligations) as of each Quarterly Distribution Date to trailing four quarters consolidated EBITDA, both as adjusted for certain, specified items) is below 7.25x through May 15, 2022 and 7.00x thereafter, net of cash, immediately before and after giving effect to such distribution, (iv) the operating partnership has at least $100 million of liquidity, consisting of unrestricted cash on hand and available capacity under the Credit Agreement or any replacement thereof, and (v) the operating partnership is in compliance with the other protective provisions in the OpCo LPA Amendment.

Ferrellgas, L.P. [Member]

Temporary Equity [Line Items]

Preferred units

J. Preferred units

The issuance of the Preferred Units is shown in the table below:



		Preferred Units
Balance at July 31, 2020		—
Preferred units issued		700,000
Balance at July 31, 2021		700,000

Issuer Redemption Right

Investor Redemption Right

Change of Control

Fair Value of Embedded Derivatives

Distributions

The Distribution Rate on the Preferred Units will increase upon violation of certain protective provisions for the benefit of Preferred Unit holders notwithstanding the cap mentioned above.

Tax Distributions

Additional Amounts for Certain Purchasers

Board Rights

Protective Provisions

Ranking and Liquidation Preference

Restrictions on Cash Distributions to Ferrellgas Partners and the General Partner

Equity

12 Months Ended

Jul. 31, 2021

Limited Partners' Capital Account [Line Items]

Equity

K. Equity

Reverse Unit Split

As described in the Note A – Partnership organization and formation under “—Recent Developments—Transactions— Amended Partnership Agreements of Ferrellgas Partners and the Operating Partnership,” on the Effective Date, Ferrellgas Partners effected a 1-for-20 reverse unit split in which holders of its then-outstanding common units received one Class A Unit for every twenty common units held. No fractional Class A Units were issued in connection with the reverse unit split. If, as a result of the reverse unit split, a unitholder would otherwise have been entitled to a fractional Class A Unit, the number of Class A Units such unitholder received was rounded up or down to the nearest whole Class A Unit, with a fraction of one-half or less being rounded down. The reverse unit split resulted in a reduction of our previously outstanding common units from 97,152,665 common units to 4,857,605 Class A Units. All references to common units and per unit data for all periods presented in the accompanying consolidated financial statements and notes thereto have been adjusted to reflect the reverse unit split on a retroactive basis.

Class B Units

As discussed in the Note A – Partnership organization and formation under “—Recent Developments—Transactions— Satisfaction of Ferrellgas Partners Notes; Issuance of Class B Units to Holders of Ferrellgas Partners Notes”, on the Effective Date, Ferrellgas Partners issued 1.3 million Class B Units to the holders of the Ferrellgas Partners Notes in exchange for such holders’ contribution of the Ferrellgas Partners Notes to Ferrellgas Partners as a capital contribution and in satisfaction of such holders’ claims in respect of the Ferrellgas Partners Notes. The terms of the Class B Units are set forth in the Amended Ferrellgas Partners LPA entered into by the general partner on the Effective Date.

Ferrellgas Partners may, subject to certain conditions, issue additional Class A Units to such parties as determined at the discretion of Ferrellgas Partners, upon consent by the holders of the requisite percentage of Class B Units as specified in the Amended Ferrellgas Partners LPA (the “Requisite Class B Units”), which refers to: (i) if the initial majority holder of Class B Units holds at least 50% of Class B Units, holders of at least 50% of the outstanding Class B Units, or (ii) if the initial majority holder of Class B Units holds less than 50% of Class B Units, holders of at least one-third of the outstanding Class B Units.

Pursuant to the Amended Ferrellgas Partners LPA, while any Class B Units remain outstanding, any distributions by Ferrellgas Partners to its partners must be made such that the ratio of (i) the amount of distributions made to holders of Class B Units to (ii) the amount of distributions made to holders of Class A Units and the general partner is not less than 6:1.

Once holders of Class B Units receive distributions in the aggregate amount of $357.0 million (which was the outstanding principal amount of the Ferrellgas Partners Notes), the Class B Units will be (i) convertible into Class A Units at the option of Ferrellgas Partners, if that distribution threshold is reached prior to the fifth anniversary of the Effective Date, or (ii) converted automatically into Class A Units, if the distribution threshold is reached on or after the fifth anniversary of the Effective Date, in each case at the applicable conversion rate set forth in the following table:


Year Post-Emergence	Conversion Factor
Year 1	1.75x
Year 2	2.00x
Year 3	3.50x
Year 4	4.00x
Year 5	5.00x
Year 6	6.00x
Year 7	7.00x
Year 8	10.00x
Year 9	12.00x
Year 10	25.00x

In the first five years after the Effective Date, Ferrellgas Partners may redeem the Class B Units, in full, at a price equal to an amount that will result in an internal rate of return with respect to the Class B Units equal to the sum of (i) 300 basis points and (ii) the internal rate of return for the Preferred Units as specified in the Amended Ferrellgas Partners LPA, subject to the minimum redemption price of $302.08 per unit, less any cash distributed prior to the redemption, if called in the first year after issuance. The total internal rate of return in respect of the Class B Units required to redeem the Class B Units is 15.85%, but that amount increases under certain circumstances, including if the operating partnership paid distributions on the Preferred Units in-kind rather than in cash for a certain number of quarters.

During the first five years following the Effective Date, after Ferrellgas Partners has distributed $356 million in distributions to holders of the Class B Units, Ferrellgas Partners will have the option to hold cash for six months at either Ferrellgas Partners or Ferrellgas Partners Finance Corp. for the sole purpose of redeeming the Class B Units. However, if the funds held are not used to redeem the Class B Units, the funds must either be distributed to holders of the Class B Units and, if applicable, holders of the Class A Units and the general partner or returned to the operating partnership.

Ferrellgas Partners will only be able to redeem the Class B Units to the extent it receives sufficient distributions from the operating partnership, and the operating partnership is limited in its ability to make distributions by the indentures that govern the 2026 Notes and the 2029 Notes, the Credit Agreement and the OpCo LPA Amendment governing the Preferred Units.

The holders of Class B Units will have the right to acquire the general partner interests in Ferrellgas Partners and the operating partnership, without the approval of the general partner, Ferrellgas Partners, the holders of the Class A Units or the operating partnership, if the Class B Units are still outstanding and have not been converted to Class A Units by the earlier of (i) a material breach of the covenants in favor of the Class B Units under the Amended Ferrellgas Partners LPA or the Amended OpCo LPA that is not cured within the time period specified therein and (ii) the 10th anniversary of the Effective Date.

Board Rights

The holders of Class B Units will be permitted to designate one independent director to the Board of the general partner in accordance with a voting agreement among the general partner, Ferrell Companies, Inc. ("FCI"), the sole stockholder of the general partner, and the holders of the Class B Units and the general partner's bylaws.

Fair Value

The fair value of Class B Units approximates the carrying value of the principal and interest of the Ferrellgas Partners Notes of $385.0 million as of March 31, 2021. During the year ended July 31, 2021, a $5.1 million gain on extinguishment was recognized in connection with the difference between the book value and fair value of the Class B Units as of July 31, 2021.

Class A Units

As of July 31, 2021 and 2020, Class A Units were beneficially owned by the following:


	July 31, 2021	July 31, 2020
Public Class A Unitholders (1)	3,480,621	3,480,621
Ferrell Companies (2)	1,126,468	1,126,468
FCI Trading Corp. (3)	9,784	9,784
Ferrell Propane, Inc. (4)	2,560	2,560
James E. Ferrell (5)	238,172	238,172

(1)	These Class A Units are traded on the OTC Pink Market under the symbol “FGPR”.

(2)

Ferrell Companies is the owner of the general partner and an approximate 23% direct owner of Ferrellgas Partners’ Class A Units and thus a related party. Ferrell Companies also beneficially owns 9,784 and 2,560 Class A Units of Ferrellgas Partners held by FCI Trading Corp. (“FCI Trading”) and Ferrell Propane, Inc. (“Ferrell Propane”), respectively, bringing Ferrell Companies’ total beneficial ownership of Class A Units 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 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 237,942 of these Class A 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 230 Class A 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 Class A Units represent (i) a 99% limited partner economic interest in Ferrellgas Partners, excluding the economic interest attributable to the Class B Units, and (ii) an effective 98% economic interest in the operating partnership, excluding the economic interests attributable to the Class B Units and the Preferred Units. In liquidation, allocations and distributions will be made in accordance with each Class A Unitholder’s positive capital account.

The Class A 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, subject to the rights of holders of Class B Units, and to exercise the other rights or privileges available to such holders under the Amended Ferrellgas Partners LPA. Under the terms of the Amended Ferrellgas Partners LPA, holders of Class A Units have limited voting rights on matters affecting the business of Ferrellgas Partners. Generally, persons or groups owning 20% or more of Ferrellgas Partners’ outstanding Class A Units cannot vote any of their Class A Units in excess of the 20% threshold. However, this limitation does not apply under certain circumstances and does not apply to Class A Units owned by Ferrell Companies, our general partner and its affiliates, and this limitation expires on the later of (a) five years after the Effective Date and (b) the conversion of the Class B Units to Class A Units.

The Amended Ferrellgas Partners LPA allows the general partner to issue an unlimited number of additional 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 Class A Unitholders.

Partnership distributions

Ferrellgas Partners did not declare or pay a cash distribution during the years ended July 31, 2021 and 2020.

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

See Note N – 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, 2021 and 2020.

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 (excluding the interest attributable to the Class B Units and the Preferred Units) concurrent with the issuance of other additional equity.

During fiscal 2021, the general partner made non-cash contributions of $65.0 thousand to Ferrellgas to maintain its effective 2% general partner interest.

During fiscal 2020, the general partner made non-cash contributions of $57.0 thousand to Ferrellgas to maintain its effective 2% general partner interest.

Ferrellgas, L.P. [Member]

Limited Partners' Capital Account [Line Items]

Equity

K. Equity

Partnership distributions:

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


	For the year ended July 31,
	2021		2020		2019
Ferrellgas Partners	$	—	$	15,496	$	40,706
General partner		—		158		415

See additional discussions about transactions with related parties in Note O – 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 (excluding the interest attributable to the Preferred Units) concurrent with the issuance of other additional equity.

During fiscal 2021, the general partner made non-cash contributions of $32.0 thousand to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

During fiscal 2020, the general partner made non-cash contributions of $29.0 thousand to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

Revenue from contracts with customers

12 Months Ended

Jul. 31, 2021

Disaggregation of Revenue [Line Items]

Revenue from Contract with Customer [Text Block]

L.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,
	2021		2020		2019
Retail - Sales to End Users	$	1,123,956	$	964,087	$	1,128,991
Wholesale - Sales to Resellers		516,599		430,435		419,349
Other Gas Sales		28,297		21,269		60,518
Other		85,458		82,035		75,534
Propane and related equipment revenues	$	1,754,310	$	1,497,826	$	1,684,392

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, 2021		July 31, 2020
Accounts receivable	$	138,757	$	108,483
Contract assets	$	10,074	$	7,079
Contract liabilities
Deferred revenue (1)	$	49,354	$	42,911

(1)

Of the beginning balance of deferred revenue, $42.9 million was recognized as revenue during the year ended July 31, 2021.

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.

Ferrellgas, L.P. [Member]

Disaggregation of Revenue [Line Items]

Revenue from Contract with Customer [Text Block]

L. 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,
	2021		2020		2019
Retail - Sales to End Users	$	1,123,956	$	964,087	$	1,128,991
Wholesale - Sales to Resellers		516,599		430,435		419,349
Other Gas Sales		28,297		21,269		60,518
Other		85,458		82,035		75,534
Propane and related equipment revenues	$	1,754,310	$	1,497,826	$	1,684,392

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, 2021		July 31, 2020
Accounts receivable	$	138,757	$	108,483
Contract assets	$	10,074	$	7,079
Contract liabilities
Deferred revenue (1)	$	49,354	$	42,911

(1)

Of the beginning balance of deferred revenue, $42.9 million was recognized as revenue during the year ended July 31, 2021.

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.

- Definition

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=123351226&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=123351226&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=123351226&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=123351226&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=123351226&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=123351226&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=123351226&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=123351226&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=123351226&loc=SL49130554-203045

+ Details

Fair Value Measurements

12 Months Ended

Jul. 31, 2021

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

Fair Value Measurements

M. 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, 2021 and 2020


	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, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	94,244	$	—	$	94,244
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(4,458)	$	—	$	(4,458)

July 31, 2020:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	3,112	$	—	$	3,112
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(5,425)	$	—	$	(5,425)

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, 2021 and July 31, 2020, the estimated fair value of Ferrellgas’ long-term debt instruments was $1,466.4 million and $2,177.1 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.

Ferrellgas, L.P. [Member]

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

Fair Value Measurements

M. 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, 2021 and 2020:


	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, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	94,244	$	—	$	94,244
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(4,458)	$	—	$	(4,458)

July 31, 2020:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	3,112	$	—	$	3,112
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(5,425)	$	—	$	(5,425)

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, 2021 and July 31, 2020, the estimated fair value of Ferrellgas, L.P.’s long-term debt instruments was $1,466.4 million and $2,054.4 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.

- Definition

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.

+ References + Details

Derivative Instruments and Hedging Activities

12 Months Ended

Jul. 31, 2021

Derivative [Line Items]

Derivative Instruments and Hedging Activities

N. 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, 2021 and 2020, 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, 2021 and 2020:


	Final	July 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2023
Commodity derivatives-propane		Price risk management asset	$	78,001	Other current liabilities	$	3,429
Commodity derivatives-propane		Other assets, net		16,243	Other liabilities		1,029
		Total	$	94,244	Total	$	4,458


	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		Price risk management asset	$	2,846	Other current liabilities	$	5,029
Commodity derivatives-propane		Other assets, net		266	Other liabilities		396
		Total	$	3,112	Total	$	5,425

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, 2021 and July 31, 2020, respectively:


	July 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	21,068	Other current liabilities	$	79,178
	Other assets, net		3,036	Other liabilities		15,489
		$	24,104		$	94,667


	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

The following tables provide a summary of the effect on Ferrellgas’ consolidated statements of comprehensive income (loss) for the years ended July 31, 2021, 2020 and 2019 due to derivatives designated as cash flow hedging instruments:


	For the year ended July 31, 2021
				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	$	136,351	Cost of product sold- propane and other gas liquids sales	$	44,252	$	—
	$	136,351		$	44,252	$	—


	For the year ended July 31, 2020
				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	$	(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 sales-propane and other gas liquids sales	$	(12,868)	$	—
	$	(48,184)		$	(12,868)	$	—

The changes in derivatives included in AOCI for the years ended July 31, 2021, 2020 and 2019 were as follows:


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2021		2020		2019
Beginning balance	$	(2,313)	$	(14,756)	$	20,560
Change in value of risk management commodity derivatives		136,351		(22,872)		(48,184)
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		(45,172)		35,315		12,868
Ending balance	$	88,866	$	(2,313)	$	(14,756)

Ferrellgas expects to reclassify net earnings of approximately $74.6 million to earnings during the next 12 months. These net earnings 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, 2021, 2020 and 2019, Ferrellgas 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, 2021, Ferrellgas had financial derivative contracts covering 7.1 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, parent 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, 2021, 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, 2021.

Ferrellgas, L.P. [Member]

Derivative [Line Items]

Derivative Instruments and Hedging Activities

N. 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, 2021 and 2020, 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, 2021 and 2020:


	Final	July 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2023
Commodity derivatives-propane		Price risk management asset	$	78,001	Other current liabilities	$	3,429
Commodity derivatives-propane		Other assets, net		16,243	Other liabilities		1,029
		Total	$	94,244	Total	$	4,458


	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		Price risk management asset	$	2,846	Other current liabilities	$	5,029
Commodity derivatives-propane		Other assets, net		266	Other liabilities		396
		Total	$	3,112	Total	$	5,425

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, 2021 and July 31, 2020, respectively:


	July 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	21,068	Other current liabilities	$	79,178
	Other assets, net		3,036	Other liabilities		15,489
		$	24,104		$	94,667


	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

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, 2021, 2020 and 2019 due to derivatives designated as cash flow hedging instruments:


	For the year ended July 31, 2021
				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	$	136,351	Cost of product sold- propane and other gas liquids sales	$	44,252	$	—
	$	136,351		$	44,252	$	—


	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 sales-propane and other gas liquids sales	$	(12,868)	$	—
	$	(48,184)		$	(12,868)	$	—

The changes in derivatives included in AOCI for the years ended July 31, 2021, 2020 and 2019 were as follows:


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2021		2020		2019
Beginning balance	$	(2,313)	$	(14,756)	$	20,560
Change in value of risk management commodity derivatives		136,351		(22,872)		(48,184)
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		(44,252)		35,315		12,868
Ending balance	$	89,786	$	(2,313)	$	(14,756)

Ferrellgas, L.P. expects to reclassify net earnings of approximately $74.6 million to earnings during the next 12 months. These net earnings 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, 2021, 2020 and 2019, 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, 2021, Ferrellgas, L.P. had financial derivative contracts covering 7.1 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, 2021, 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, 2021.

Transactions With Related Parties

12 Months Ended

Jul. 31, 2021

O. 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,
	2021		2020		2019
Operating expense	$	260,831	$	260,427	$	256,190

General and administrative expense	$	34,899	$	29,859	$	25,368

See additional discussions about transactions with the general partner and related parties in Note K – Equity.

Term loan credit agreement with Ferrellgas Partners, L.P.

On January 8, 2021, Ferrellgas Partners, L.P. entered into a term loan credit agreement with Ferrellgas, L.P., pursuant to which Ferrellgas, L.P. extended to Ferrellgas Partners, L.P. an unsecured, non-amortizing term loan in the aggregate principal amount of $19.9 million. The term loan bears interest at a rate of 20% per annum, and all interest on the term loan will be added to the outstanding principal amount of the term loan. The term loan will mature on July 1, 2022. During July 2021, Ferrellgas Partners made an optional prepayment of $9.0 million principal amount of the term loan, and the outstanding principal and accrued interest at July 31, 2021 was $13.1 million.

Ferrellgas, L.P. [Member]

O. 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,
	2021		2020		2019
Operating expense	$	260,831	$	260,427	$	256,190

General and administrative expense	$	34,899	$	29,859	$	25,368

See additional discussions about transactions with the general partner and related parties in Note K – Equity.

Term loan credit agreement with Ferrellgas Partners, L.P.

On January 8, 2021, Ferrellgas, L.P. entered into a term loan credit agreement, pursuant to which Ferrellgas, L.P. extended to Ferrellgas Partners, L.P. an unsecured, non-amortizing term loan in the aggregate principal amount of $19.9 million. The term loan bears interest at a rate of 20% per annum, and all interest on the term loan will be added to the outstanding principal amount of the term loan. The term loan will mature on July 1, 2022. During July 2021, Ferrellgas Partners made an optional prepayment of $9.0 million principal amount of the term loan, and the outstanding principal and accrued interest at July 31, 2021 was $13.1 million.

Contingencies And Commitments	12 Months Ended
Contingencies And Commitments	Jul. 31, 2021
Loss Contingencies [Line Items]
Contingencies And Commitments	P. 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 were 13 remaining state law claims brought by a putative class of indirect customers. See Note T – Subsequent events for additional discussion. Ferrellgas believes it has strong defenses and intends to vigorously defend itself against 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 (“Rios and Gamboa”), 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 both an implicit contract as well as fiduciary duties allegedly 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. If Eddystone ultimately prevails, however, Ferrellgas believes that the amount of damages awarded 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. Virtually all discovery has been completed and the lawsuit is proceeding toward the summary judgment stage. As such, management does not currently believe a loss is probable or reasonably estimable at this time. However, we may enter into settlement discussions at any 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 Ferrellgas Partners. At July 31, 2020, the Finance Corp. was liable as co-issuer and co-obligor for the $357.0 million aggregate principal amount of Ferrellgas Partners’ unsecured senior notes due June 15, 2020, which Ferrellgas Partners failed to repay, and which obligation was only reported on Ferrellgas Partners’ consolidated balance sheet. On the Effective Date, by operation of the Plan, all outstanding indebtedness under the Ferrellgas Partners Notes was discharged and cancelled. As of July 31, 2021, Ferrellgas Partners had no debt securities outstanding, and the Finance Corp. therefore was not liable as co-issuer for any such debt securities.
Ferrellgas, L.P. [Member]
Loss Contingencies [Line Items]
Contingencies And Commitments	P. 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 were 13 remaining state law claims brought by a putative class of indirect customers. See Note S – Subsequent events for additional discussion. Ferrellgas, L.P. believes it has strong defenses and intends to vigorously defend itself against 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 (“Rios and Gamboa”), 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 both an implicit contract as well as fiduciary duties allegedly 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. If Eddystone ultimately prevails, however, Ferrellgas believes that the amount of damages awarded 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. Virtually all discovery has been completed and the lawsuit is proceeding toward the summary judgment stage. As such, management does not currently believe a loss is probable or reasonably estimable at this time. However, we may enter into settlement discussions at any 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 operating partnership. At July 31, 2020, the Finance Corp. was liable as co-issuer and co-obligor for the operating partnership’s (i) $500 million aggregate principal amount of unsecured senior notes due 2021, (ii) $475 million aggregate principal amount of unsecured senior notes due 2022, (iii) $500 million aggregate principal amount of unsecured senior notes due 2023, and (iv) $700 million aggregate principal amount of senior secured notes due 2025, which obligations were only reported on the operating partnership’s consolidated balance sheet. The senior notes due 2021, senior notes due 2022, and senior notes due 2023 were redeemed on April 5, 2021, and the senior secured notes due 2025 were redeemed on March 30, 2021. As of July 31, 2021, the Finance Corp. was liable as co-issuer and co-obligor for the operating partnership’s (i) $650 million aggregate principal amount of unsecured senior notes due 2026 and (ii) $825 million aggregate principal amount of unsecured senior notes due 2029, each of which were issued on March 30, 2021 and which obligations are only reported on the operating partnership’s consolidated balance sheet.

Employee Benefits	12 Months Ended
Employee Benefits	Jul. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Benefits	Q. 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 $3.2 million, $2.9 million and $5.7 million during fiscal 2021, 2020 and 2019, 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 2021, 2020 and 2019 were $4.0 million, $4.8 million and $4.6 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 2021, 2020 and 2019, other comprehensive income and other liabilities were adjusted by zero, ($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	Q. 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 $3.2 million, $2.9 million and $5.7 million during fiscal 2021, 2020 and 2019, 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 2021, 2020 and 2019 were $4.0 million, $4.8 million and $4.6 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 2021, 2020 and 2019, other comprehensive income and other liabilities were adjusted by zero, ($0.1) million and ($0.1) million, respectively.

Net Earnings (Loss) Per Unitholders' Interest

12 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Net Earnings (Loss) Per Unitholders' Interest

R. Net loss per Unitholders’ interest

Below is a calculation of the basic and diluted net loss per Class A 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 Class A 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.

There was not a dilutive effect resulting from this guidance on basic and diluted net earnings per Class A Unitholders’ interest for fiscal 2021, 2020 and 2019.

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,
	2021		2020		2019

Class A Unitholders’ interest in net loss	$	(91,751)	$	(81,674)	$	(63,605)
Weighted average Class A Units outstanding (in thousands)		4,857.6		4,857.6		4,857.6
Basic and diluted net loss per Class A Unit	$	(18.89)	$	(16.81)	$	(13.09)

Class B Units considerations

The Class B Units meet the definition of a participating security and the two-class method is required. For any periods in which earnings are recognized, the earnings will be allocated between the Class B Units and the Class A Units on a six-to-one basis. For any periods in which losses are recognized, no effect is given to the Class B Units as they do not contractually participate in the losses of Ferrellgas.

In addition, Ferrellgas has the option to redeem all, but not less than all, of the Class B Units outstanding at any time on or prior to the fifth anniversary of the Effective Date for cash. This call option does not impact the dilutive effect of net loss per Class A Unit due to the cash-only redemption provision, which is assumed, and therefore there would be no dilutive effect.

Income Taxes	12 Months Ended
Income Taxes	Jul. 31, 2021
Ferrellgas Partners Finance Corp. [Member]
Income Tax Disclosure [Line Items]
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 $8,032 associated with the net operating loss carryforward of $38,248 generated during and prior to fiscal 2021, 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 2021, 2020 or 2019, and there is no net deferred tax asset as of July 31, 2021 and 2020. The net operating loss carryforwards generated after July 31, 2018 are carried forward indefinitely, but are limited to 80% of the taxable income in any one period. The CARES Act temporarily suspends this 80% taxable income limitation, allowing a net operating loss carryforward to fully offset taxable income in tax years beginning before January 1, 2021. The net operating losses generated as of or prior to July 31, 2018 are still subject to prior tax law and will expire at various dates through July 31, 2038.
Ferrellgas Finance Corp. [Member]
Income Tax Disclosure [Line Items]
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 $21,541 associated with the net operating loss carryforward of $102,578 generated during and prior to fiscal 2021, 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 2021, 2020 or 2019, and there is no net deferred tax asset as of July 31, 2021 and 2020. The net operating loss carryforwards generated after July 31, 2018 are carried forward indefinitely, but are limited to 80% of the taxable income in any one period. The CARES Act temporarily suspends this 80% taxable income limitation, allowing a net operating loss carryforward to fully offset taxable income in tax years beginning before January 1, 2021. The net operating losses generated as of or prior to July 31, 2018 are still subject to prior tax law and will expire at various dates through July 31, 2038.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Quarterly Data (Unaudited)

12 Months Ended

Jul. 31, 2021

Interim Period, Costs Not Allocable [Line Items]

Quarterly Data

S. 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 Class A 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 Class A Unit by quarter may not equal the basic and diluted net earnings (loss) per Class A Unit for the year due to variations in the weighted average units outstanding used in computing such amounts.


For the year ended July 31, 2021	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	300,894	$	553,560	$	564,730	$	335,126
Gross margin from propane and other gas liquids sales (a)		143,422		257,657		243,650		142,187
Net earnings (loss) (b)		(46,453)		63,991		(67,435)		(19,216)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(46,062)		63,267		(66,794)		(18,822)
Class A Unitholders’ interest in net earnings (loss)		(45,601)		62,634		(74,057)		(34,727)

Basic and diluted net earnings (loss) per Class A Unit	$	(9.39)	$	12.89	$	(15.25)	$	(7.15)


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) (c)		(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)
Class A Unitholders’ interest in net earnings (loss)		(44,891)		47,725		(15,239)		(69,269)

Basic and diluted net earnings (loss) per Class A Unit	$	(9.24)	$	9.82	$	(3.14)	$	(14.26)


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)
Class A Unitholders’ interest in net earnings (loss)		(56,445)		42,911		20,256		(70,327)

Basic and diluted net earnings (loss) per Class A Unit	$	(11.62)	$	8.83	$	4.17	$	(14.48)

(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 $109.9 million in the third quarter of fiscal 2021, and gain on extinguishment of debt of $5.1 million in the fourth quarter of fiscal 2021, respectively.

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

Ferrellgas, L.P. [Member]

Interim Period, Costs Not Allocable [Line Items]

Quarterly Data

R. Quarterly data (unaudited)


For the year ended July 31, 2021	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	300,894	$	553,560	$	564,730	$	335,126
Gross margin from propane and other gas liquids sales (a)		143,422		257,657		243,650		142,187
Net earnings (loss) (b)	$	(38,751)	$	71,750	$	(55,473)	$	(22,968)


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) (c)	$	(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)

(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 $108.0 million in the third quarter of fiscal 2021.

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

Subsequent Events	12 Months Ended
Subsequent Events	Jul. 31, 2021
Subsequent Event [Line Items]
Subsequent Events	T. 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 except that (i) on September 14, 2021, the operating partnership paid a cash distribution to Ferrellgas Partners in the amount of approximately $49.9 million, and (ii) on October 8, 2021, Ferrellgas Partners paid a cash distribution to holders of the Class B Units in the amount $38.46 per Class B Unit or approximately $49.9 million in the aggregate. Additionally, regarding the putative class action lawsuit discussed in Note P – Contingencies and commitments, on September 23, 2021 the court held an oral argument on the indirect purchaser plaintiffs’ motion for class certification. Thereafter, the court denied the indirect purchaser plaintiffs’ motion for class certification, and a final order on the motion is being prepared. At this point the only remaining claims are the 13 named plaintiffs’ individual state claims, which has the effect of substantially reducing the Ferrellgas potential liability.
Ferrellgas Partners Finance Corp. [Member]
Subsequent Event [Line Items]
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, except that, on September 14, 2021, Ferrellgas, L.P. paid a cash distribution to Ferrellgas Partners in the amount of approximately $49.9 million. Additionally, regarding the putative class action lawsuit discussed in Note P – Contingencies and commitments, on September 23, 2021 the court held an oral argument on the indirect purchaser plaintiffs’ motion for class certification. Thereafter, the court denied the indirect purchaser plaintiffs’ motion for class certification, and a final order on the motion is being prepared. At this point the only remaining claims are the 13 named plaintiffs’ individual state claims, which has the effect of substantially reducing the Ferrellgas, L.P. potential liability.
Ferrellgas Finance Corp. [Member]
Subsequent Event [Line Items]
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, 2021

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent only financial information

Schedule 1

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


	July 31,		July 31,
	2021		2020
ASSETS

Cash and cash equivalents	$	264	$	6
Prepaid expenses and other current assets		19		22
Total assets	$	283	$	28

LIABILITIES AND PARTNERS’ DEFICIT

Current portion of long-term debt	$	—	$	357,000
Other current liabilities		17,219		19,305
Investment in Ferrellgas, L.P.		798,177		823,765

Partners’ deficit
Class A (4,857,605 units outstanding at 2021 and 2020)		(1,214,813)		(1,126,452)
Class B (1,300,000 units outstanding at 2021)		383,012		—
General partner unitholder (49,496 units outstanding at 2021 and 2020)		(72,178)		(71,287)
Accumulated other comprehensive income (loss)		88,866		(2,303)
Total Ferrellgas Partners, L.P. partners' deficit		(815,113)		(1,200,042)
Total liabilities and partners’ deficit	$	283	$	28

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF OPERATIONS

(in thousands)


	For the year ended July 31,
	2021		2021		2019
Equity in loss of Ferrellgas, L.P.	$	(44,740)	$	(49,261)	$	(29,219)
Operating, general and administrative expense		389		116		14

Operating loss		(45,129)		(49,377)		(29,233)

Interest expense		(13,771)		(33,073)		(34,984)
Gain on extinguishment of debt		3,137		—		—
Other income (expense), net		(2,191)		—		—
Reorganization expense - professional fees		(10,443)		—		—
Income tax expense		14		49		30

Net loss		($ 68,411)		($ 82,499)		($ 64,247)

FERRELLGAS PARTNERS, L.P.

PARENT ONLY

STATEMENTS OF CASH FLOWS

(in thousands)


	For the year ended July 31,
	2021		2020		2019

Cash flows from operating activities:
Net loss attributable to Ferrellgas Partners, L.P.	$	(68,411)	$	(82,499)	$	(64,247)
Reconciliation of net loss to net cash used in operating activities:
Other		16,208		17,749		4,141
Gain on extinguishment of debt		(3,137)		—		—
Equity in loss of Ferrellgas, L.P.		44,740		49,261		29,219
Net cash used in operating activities		(10,600)		(15,489)		(30,887)

Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.		—		15,496		40,706
Loan from Ferrellgas, L.P.		14,810		—		—
Net cash provided by investing activities		14,810		15,496		40,706

Cash flows from financing activities:
Distributions paid to Class A and general partner unitholders		—		—		(9,814)
Cash paid for financing costs		—		(9)		—
Fees in connection with Class B unit exchange		(1,988)		—		—
Make-whole payments		(1,964)		—		—
Net cash provided by financing activities		(3,952)		(9)		(9,814)

Net increase in cash and cash equivalents		258		(2)		5
Cash and cash equivalents - beginning of year		6		8		3
Cash and cash equivalents - end of year	$	264	$	6	$	8

Schedule II Valuation And Qualifying Accounts

12 Months Ended

Jul. 31, 2021

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, 2021
Allowance for doubtful accounts	$	14,124	$	2,323	$	809	(1)	$	17,256
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

(1)	Uncollectible accounts written off, net of recoveries.

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. On January 27, 2021 we reached an agreement with Mr. Ballengee pursuant to which he would execute an additional promissory note for $2.5 million secured by his assets, separate from the Revised Jamex Promissory Note, and pay $1.5 million in cash to us. The $1.5 million cash payment was received on February 1, 2021. In light of these developments, we released $0.5 million of reserve in our second fiscal quarter. We deemed it appropriate to keep the $2.5 million additional promissory note fully reserved.

Ferrellgas, L.P. [Member]

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, 2021
Allowance for doubtful accounts	$	14,124	$	2,323	$	809	(1)	$	17,256
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

(1)	Uncollectible accounts written off, net of recoveries.

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Jul. 31, 2021

Significant Accounting Policies

Accounting estimates

Principles of consolidation

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

Fair value measurements

●

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

Inventories

(5) 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

Intangible assets

Derivative instruments and hedging activities

(9) Derivative instruments and hedging activities:

Commodity and Transportation Fuel Price Risk.

Interest Rate Risk.

Revenue recognition

Shipping and handling expenses and cost of sales

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 plans

(15) Stock-based plans:

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

Income taxes

Income tax expense consisted of the following:


	For the year ended July 31,
	2021		2020		2019
Current expense	$	739	$	297	$	180
Deferred expense		2		554		143
Income tax expense	$	741	$	851	$	323

Deferred taxes consisted of the following:

Sales taxes

(17) 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 limited partner unitholders' interest

Loss contingencies

other amount within the range, the minimum amount in the range is accrued. Legal costs associated with loss contingencies are expensed as incurred.

Class B Units Valuation

New accounting standards

(21) New accounting standards:

FASB Accounting Standard Update No. 2016-02

FASB Accounting Standard Update No. 2016-13

FASB Accounting Standard Update No. 2017-12

Ferrellgas, L.P. [Member]

Significant Accounting Policies

Accounting estimates

(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 expected credit losses, 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.

Principles of consolidation

(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, a special purpose entity that had agreements with Ferrellgas, L.P. related to the terminated accounts receivable securitization facility.

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

Fair value measurements

●

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

Inventories

(5) 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

(6) 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.

Goodwill

Intangible assets

(8) 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.

Derivative instruments and hedging activities

(9) Derivative instruments and hedging activities:

Commodity and Transportation Fuel Price Risk.

Interest Rate Risk.

Revenue recognition

Shipping and handling expenses and cost of sales

(11) 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.

(12) 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 – other” primarily includes costs related to the sale of propane appliances and equipment.

Operating expenses

General and administrative expenses

Stock-based plans

(15) Stock-based plans:

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

Income taxes

Income tax expense consisted of the following:


	For the year ended July 31,
	2021		2020		2019
Current expense	$	725	$	248	$	150
Deferred expense		2		554		143
Income tax expense	$	727	$	802	$	293

Deferred taxes consisted of the following:

Sales taxes

Loss contingencies

New accounting standards

(19) New accounting standards:

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, 2021

Significant Accounting Policies [Line Items]

Summary Of Income Tax Expense


	For the year ended July 31,
	2021		2020		2019
Current expense	$	739	$	297	$	180
Deferred expense		2		554		143
Income tax expense	$	741	$	851	$	323

Deferred Tax Assets And Liabilities

Ferrellgas, L.P. [Member]

Significant Accounting Policies [Line Items]

Summary Of Income Tax Expense


	For the year ended July 31,
	2021		2020		2019
Current expense	$	725	$	248	$	150
Deferred expense		2		554		143
Income tax expense	$	727	$	802	$	293

Deferred Tax Assets And Liabilities

Leases (Tables)

12 Months Ended

Jul. 31, 2021

Schedule of Lease Assets and Liabilities


Leases	Classification		July 31, 2021		July 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	87,611	$	107,349
Financing lease assets	Other assets, net		34,858		41,426
Total leased assets		$	122,469	$	148,775

Liabilities
Current
Operating	Current operating lease liabilities	$	25,363	$	29,345
Financing	Other current liabilities		7,479		6,955
Noncurrent
Operating	Operating lease liabilities		74,349		89,022
Financing	Other liabilities		28,029		33,473
Total leased liabilities		$	135,220	$	158,795

Schedule of Lease Costs


		For the year ended July 31,
Leases expense	Classification	2021		2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	7,695	$	7,450
	Operating expense - equipment lease expense		26,127		30,994
	Cost of sales - propane and other gas liquids sales		1,911		1,553
	General and administrative expense		437		1,490
Total operating lease expense			36,170		41,487

Short-term expense	Operating expense - personnel, vehicle, plant and other		8,151		7,188
	General and administrative expense		576		502
Total short-term expense			8,727		7,690

Variable lease expense	Operating expense - personnel, vehicle, plant and other		2,328		2,883
	Operating expense - equipment lease expense		1,547		1,642
Total variable lease expense			3,875		4,525

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense		8,878		2,613
Interest on lease liabilities	Interest expense		3,755		1,060
Total finance lease expense			12,633		3,673

Total lease expense (a)		$	61,405	$	57,375

(a)

Schedule of Minimum Annual Payments Under Existing Operating Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	29,181	$	10,376	$	39,557
2023		37,049		8,252		45,301
2024		19,953		7,608		27,561
2025		13,839		7,621		21,460
2026		5,314		6,767		12,081
Thereafter		16,672		4,925		21,597
Total lease payments	$	122,008	$	45,549	$	167,557
Less: Imputed interest		22,296		10,041		32,337
Present value of lease liabilities	$	99,712	$	35,508	$	135,220

Schedule of Minimum Annual Payments Under Existing Finance Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2022	$	29,181	$	10,376	$	39,557
2023		37,049		8,252		45,301
2024		19,953		7,608		27,561
2025		13,839		7,621		21,460
2026		5,314		6,767		12,081
Thereafter		16,672		4,925		21,597
Total lease payments	$	122,008	$	45,549	$	167,557
Less: Imputed interest		22,296		10,041		32,337
Present value of lease liabilities	$	99,712	$	35,508	$	135,220

Schedule of Operating and Finance Lease Assumptions


	As of July 31, 2021
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	4.8	8.2%
Finance leases	5.2	8.7%

Schedule of Cash Flow Information


	For the year ended July 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	34,895	$	41,636

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	3,396	$	1,060
Financing cash flows	$	7,188	$	2,116

Ferrellgas, L.P. [Member]

Schedule of Lease Assets and Liabilities


Leases	Classification		July 31, 2021		July 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	87,611	$	107,349
Financing lease assets	Other assets, net		34,858		41,426
Total leased assets		$	122,469	$	148,775

Liabilities
Current
Operating	Current operating lease liabilities	$	25,363	$	29,345
Financing	Other current liabilities		7,479		6,955
Noncurrent
Operating	Operating lease liabilities		74,349		89,022
Financing	Other liabilities		28,029		33,473
Total leased liabilities		$	135,220	$	158,795

Schedule of Lease Costs


		For the year ended July 31,
Leases expense	Classification	2021		2020

Operating lease expense	Operating expense - personnel, vehicle, plant and other	$	7,695	$	7,450
	Operating expense - equipment lease expense		26,127		30,994
	Cost of sales - propane and other gas liquids sales		1,911		1,553
	General and administrative expense		437		1,490
Total operating lease expense			36,170		41,487

Short-term expense	Operating expense - personnel, vehicle, plant and other		8,151		7,188
	General and administrative expense		576		502
Total short-term expense			8,727		7,690

Variable lease expense	Operating expense - personnel, vehicle, plant and other		2,328		2,883
	Operating expense - equipment lease expense		1,547		1,642
Total variable lease expense			3,875		4,525

Finance lease expense:
Amortization of leased assets	Depreciation and amortization expense		8,878		2,613
Interest on lease liabilities	Interest expense		3,755		1,060
Total finance lease expense			12,633		3,673

Total lease expense (a)		$	61,405	$	57,375

(a)

Schedule of Minimum Annual Payments Under Existing Operating Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	29,181	$	10,376	$	39,557
2022		37,049		8,252		45,301
2023		19,953		7,608		27,561
2024		13,839		7,621		21,460
2025		5,314		6,767		12,081
Thereafter		16,672		4,925		21,597
Total lease payments	$	122,008	$	45,549	$	167,557
Less: Imputed interest		22,296		10,041		32,337
Present value of lease liabilities	$	99,712	$	35,508	$	135,220

Schedule of Minimum Annual Payments Under Existing Finance Leases


Maturities of lease liabilities		Operating leases		Finance leases		Total
2021	$	29,181	$	10,376	$	39,557
2022		37,049		8,252		45,301
2023		19,953		7,608		27,561
2024		13,839		7,621		21,460
2025		5,314		6,767		12,081
Thereafter		16,672		4,925		21,597
Total lease payments	$	122,008	$	45,549	$	167,557
Less: Imputed interest		22,296		10,041		32,337
Present value of lease liabilities	$	99,712	$	35,508	$	135,220

Schedule of Operating and Finance Lease Assumptions


	As of July 31, 2021
Lease type	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	4.8	8.2%
Finance leases	5.2	8.7%

Schedule of Cash Flow Information


	For the year ended July 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities for operating leases:
Operating cash flows	$	34,895	$	41,636

Cash paid for amounts included in the measurement of lease liabilities for financing leases:
Operating cash flows	$	3,396	$	1,060
Financing cash flows	$	7,188	$	2,116

Acquisitions, dispositions and other significant transactions (Tables)

12 Months Ended

Jul. 31, 2021

Business Acquisition [Line Items]

Schedule Of Funding Of Acquisitions


	For the year ended July 31,
	2021		2020		2019
Cash payments, net of cash acquired	$	6,567	$	10,195	$	13,551
Issuance of liabilities and other costs and considerations		1,344		975		1,650
Aggregate fair value of transactions	$	7,911	$	11,170	$	15,201

Aggregate Fair Value Of Transaction


	For the year ended July 31,
	2021		2020		2019
Working capital	$	—	$	—	$	31
Customer tanks, buildings, land and other		2,607		6,598		11,560
Goodwill		—		—		1,410
Customer lists		4,973		738		1,272
Non-compete agreements		331		3,834		928
Aggregate fair value of net assets acquired	$	7,911	$	11,170	$	15,201

Schedule of Loss on Assets Sales and Disposals


	For the year ended July 31,
	2021		2020		2019
Loss on sale of:
Midstream trucking, water disposal & terminal assets	$	—	$	—	$	2,679
Other		1,831		7,924		8,289
Loss on asset sales and disposals	$	1,831	$	7,924	$	10,968

Ferrellgas, L.P. [Member]

Business Acquisition [Line Items]

Schedule Of Funding Of Acquisitions


	For the year ended July 31,
	2021		2020		2019
Cash payments, net of cash acquired	$	6,567	$	10,195	$	13,551
Issuance of liabilities and other costs and considerations		1,344		975		1,650
Aggregate fair value of transactions	$	7,911	$	11,170	$	15,201

Schedule of Loss on Assets Sales and Disposals


	For the year ended July 31,
	2021		2020		2019
Loss on sale of:
Midstream trucking, water disposal & terminal assets	$	—	$	—	$	2,679
Other		1,831		7,924		8,289
Loss on asset sales and disposals	$	1,831	$	7,924	$	10,968

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Supplemental Financial Statement Information (Tables)

12 Months Ended

Jul. 31, 2021

Supplemental Financial Statement Information [Line Items]

Schedule Of Inventories


	July 31, 2021		July 31, 2020
Propane gas and related products	$	75,848	$	58,733
Appliances, parts and supplies, and other		12,531		13,931
Inventories	$	88,379	$	72,664

Property, Plant And Equipment


	Estimated useful lives	July 31, 2021		July 31, 2020
Land	Indefinite	$	40,346	$	39,585
Land improvements	2-20		15,128		14,998
Buildings and improvements	20		88,620		88,349
Vehicles, including transport trailers	8-20		110,517		105,184
Bulk equipment and district facilities	5-30		110,983		111,019
Tanks, cylinders and customer equipment	2-30		786,912		784,466
Computer and office equipment	2-5		107,272		112,582
Construction in progress	n/a		8,478		6,889
			1,268,256		1,263,072
Less: accumulated depreciation			686,138		672,030
Property, plant and equipment, net		$	582,118	$	591,042

Prepaid Expenses and Other Current Assets


	July 31, 2021		July 31, 2020
Broker margin deposit assets	$	21,068	$	14,398
Other		18,024		18,700
Prepaid expenses and other current assets	$	39,092	$	33,098

Other Assets


	July 31, 2021		July 31, 2020
Notes receivable, less current portion and allowance	$	19,765	$	5,330
Finance lease right-of-use assets		34,858		41,426
Other		38,605		27,992
Other assets, net	$	93,228	$	74,748

Other Current Liabilities


	July 31, 2021		July 31, 2020
Accrued interest	$	29,095	$	53,841
Customer deposits and advances		35,734		32,257
Accrued payroll		28,143		18,375
Accrued insurance		11,104		14,796
Broker margin deposit liability		79,178		510
Accrued senior preferred units distributions		16,013		—
Other		46,733		47,687
Other current liabilities	$	246,000	$	167,466

Shipping And Handling Expenses


	For the year ended July 31,
	2021		2020		2019
Operating expense - personnel, vehicle, plant and other	$	217,292	$	219,598	$	215,780
Depreciation and amortization expense		13,691		9,857		6,375
Operating expense - equipment lease expense		22,609		32,518		30,759
	$	253,592	$	261,973	$	252,914

Cash and Cash Equivalents


	July 31, 2021		July 31, 2020
Cash and cash equivalents	$	270,452	$	238,002
Restricted cash (1)		11,500		95,759
Cash, cash equivalents and restricted cash	$	281,952	$	333,761

(1)

Cash Flow Supplemental Disclosures


	For the year ended July 31,
	2021		2020		2019
Cash paid for:
Interest	$	205,505	$	147,402	$	166,897
Income taxes	$	706	$	289	$	141
Non-cash investing and financing activities:
Liability incurred in connection with Financing Agreement amendment	$	—	$	8,863	$	—
Liabilities incurred in connection with acquisitions	$	1,344	$	975	$	1,650
Change in accruals for property, plant and equipment additions	$	(386)	$	216	$	1,132
Lease liabilities arising from operating right-of-use assets	$	8,374	$	14,938	$	—
Lease liabilities arising from finance right-of-use assets	$	2,310	$	45,455	$	—
Accrued senior preferred units distributions	$	16,013	$	—	$	—

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information [Line Items]

Schedule Of Inventories


	July 31, 2021		July 31, 2020
Propane gas and related products	$	75,848	$	58,733
Appliances, parts and supplies, and other		12,531		13,931
Inventories	$	88,379	$	72,664

Property, Plant And Equipment


	Estimated useful lives	July 31, 2021		July 31, 2020
Land	Indefinite	$	40,346	$	39,585
Land improvements	2-20		15,128		14,998
Buildings and improvements	20		88,620		88,349
Vehicles, including transport trailers	8-20		110,517		105,184
Bulk equipment and district facilities	5-30		110,983		111,019
Tanks, cylinders and customer equipment	2-30		786,912		784,466
Computer and office equipment	2-5		107,272		112,582
Construction in progress	n/a		8,478		6,889
			1,268,256		1,263,072
Less: accumulated depreciation			686,138		672,030
Property, plant and equipment, net		$	582,118	$	591,042

Prepaid Expenses and Other Current Assets


	July 31, 2021		July 31, 2020
Broker margin deposit assets	$	21,068	$	14,398
Other		18,005		18,653
Prepaid expenses and other current assets	$	39,073	$	33,051

Other Assets


	July 31, 2021		July 31, 2020
Notes receivable, less current portion and allowance	$	19,765	$	5,330
Finance lease right-of-use assets		34,858		41,426
Other		38,605		27,992
Other assets, net	$	93,228	$	74,748

Other Current Liabilities


	July 31, 2021		July 31, 2020
Accrued interest	$	29,095	$	34,511
Customer deposits and advances		35,734		32,257
Accrued payroll		11,104		18,375
Accrued insurance		28,143		14,796
Broker margin deposit liability		79,178		510
Accrued senior preferred units distributions		16,013		—
Other		46,515		47,687
Other current liabilities	$	245,782	$	148,136

Shipping And Handling Expenses


	For the year ended July 31,
	2021		2020		2019
Operating expense - personnel, vehicle, plant and other	$	217,292	$	219,598	$	215,780
Depreciation and amortization expense		13,691		9,857		6,375
Operating expense - equipment lease expense		22,609		32,518		30,759
	$	253,592	$	261,973	$	252,914

Cash and Cash Equivalents


	July 31, 2021		July 31, 2020
Cash and cash equivalents	$	270,188	$	237,996
Restricted cash (1)		11,500		95,759
Cash, cash equivalents and restricted cash	$	281,688	$	333,755

(1)

Cash Flow Supplemental Disclosures


	For the year ended July 31,
	2021		2020		2019
Cash paid for:
Interest	$	156,449	$	132,006	$	136,106
Income taxes	$	693	$	241	$	111
Non-cash investing and financing activities:
Liability incurred in connection with Financing Agreement amendment	$	—	$	8,863	$	—
Liabilities incurred in connection with acquisitions	$	1,344	$	975	$	1,650
Change in accruals for property, plant and equipment additions	$	(386)	$	216	$	1,132
Lease liabilities arising from operating right-of-use assets	$	8,374	$	14,938	$	—
Lease liabilities arising from finance right-of-use assets	$	2,310	$	45,455	$	—
Accrued senior preferred units distributions	$	16,013	$	—	$	—

Accounts And Notes Receivable, Net (Tables)

12 Months Ended

Jul. 31, 2021

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

Accounts And Notes Receivable


	July 31, 2021		July 31, 2020
Accounts receivable (a)	$	135,182	$	102,914
Note receivable		13,648		12,648
Less: Allowance for expected credit losses		(17,256)		(14,124)
Accounts and notes receivable, net	$	131,574	$	101,438

(a)

At July 31, 2020, $103.7 million was pledged as collateral under the terminated accounts receivable securitization facility, discussed below.

Ferrellgas, L.P. [Member]

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

Accounts And Notes Receivable


	July 31, 2021		July 31, 2020
Accounts receivable (a)	$	135,182	$	102,914
Note receivable		13,648		12,648
Less: Allowance for expected credit losses		(17,256)		(14,124)
Accounts and notes receivable, net	$	131,574	$	101,438

(a)

At July 31, 2020, $103.7 million was pledged as collateral under the terminated accounts receivable securitization facility, discussed below

Goodwill And Intangible Assets, Net (Tables)

12 Months Ended

Jul. 31, 2021

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

Goodwill And Intangible Assets, Net


	July 31, 2021						July 31, 2020
	Gross Carrying		Accumulated				Gross Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	246,946	$	—	$	246,946	$	247,195	$	—	$	247,195

Intangible assets, net
Amortized intangible assets
Customer related	$	451,922	$	(405,490)	$	46,432	$	446,486	$	(397,843)	$	48,643
Non-compete agreements		26,319		(23,029)		3,290		26,319		(21,934)		4,385
Other		3,513		(3,513)		—		3,513		(3,513)		—
		481,754		(432,032)		49,722		476,318		(423,290)		53,028

Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,021		—		51,021
Total intangible assets, net	$	532,775	$	(432,032)	$	100,743	$	527,339	$	(423,290)	$	104,049

Schedule of Goodwill Rollforward


	Propane operations and
	related equipment sales
Balance July 31, 2019	$	247,195
Acquisitions		—
Other		—
Balance July 31, 2020		247,195
Acquisitions		—
Other		(249)
Balance July 31, 2021	$	246,946

Schedule Of Aggregate Amortization Expense


For the year ended July 31,
2021	$	8,742
2020		9,079
2019		14,581

Schedule Of Estimated Amortization Expense


For the year ended July 31,
2022	$	7,687
2023		7,360
2024		7,084
2025		5,083
2026		4,523

Ferrellgas, L.P. [Member]

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

Goodwill And Intangible Assets, Net


	July 31, 2021						July 31, 2020
	Gross						Gross
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Goodwill, net	$	246,946	$	—	$	246,946	$	247,195	$	—	$	247,195

Intangible assets, net
Amortized intangible assets
Customer related	$	451,922	$	(405,490)	$	46,432	$	446,486	$	(397,843)	$	48,643
Non-compete agreements		26,319		(23,029)		3,290		26,319		(21,934)		4,385
Other		3,513		(3,513)		—		3,513		(3,513)		—
		481,754		(432,032)		49,722		476,318		(423,290)		53,028

Unamortized intangible assets
Trade names & trademarks		51,021		—		51,021		51,021		—		51,021
Total intangible assets, net	$	532,775	$	(432,032)	$	100,743	$	527,339	$	(423,290)	$	104,049

Schedule of Goodwill Rollforward


	Propane operations and
	related equipment sales
Balance July 31, 2019	$	247,195
Acquisitions		—
Other		—
Balance July 31, 2020		247,195
Acquisitions		—
Other		(249)
Balance July 31, 2021	$	246,946

Schedule Of Aggregate Amortization Expense


For the year ended July 31,
2021	$	8,742
2020		9,079
2019		14,581

Schedule Of Estimated Amortization Expense


For the year ended July 31,
2022	$	7,687
2023		7,360
2024		7,084
2025		5,083
2026		4,523

Debt (Tables)

12 Months Ended

Jul. 31, 2021

Debt Instrument [Line Items]

Schedule of Debt Components


	July 31, 2021		July 31, 2020
Unsecured senior notes
Fixed rate, 6.50%, due 2021 (1)	$	—	$	500,000
Fixed rate, 6.75%, due 2023 (2)		—		500,000
Fixed rate, 6.75%, due 2022, net of unamortized premium of $937 at July 31, 2020 (3)		—		475,937
Fixed rate, 8.625%, due 2020 (4)		—		357,000
Fixed rate, 5.375%, due 2026 (5)		650,000		—
Fixed rate, 5.875%, due 2029 (5)		825,000		—

Secured senior notes
Fixed rate, 10.00%, due 2025, net of unamortized premium of $3,573 at July 31, 2020 (6)		—		703,573

Notes payable
8.8% and 9.4% weighted average interest rate at July 31, 2021 and July 31, 2020, respectively, due 2021 to 2029, net of unamortized discount of $573 and $537 at July 31, 2021 and July 31, 2020, respectively		3,882		4,564
Total debt, excluding unamortized debt issuance and other costs		1,478,882		2,541,074
Unamortized debt issuance and other costs		(32,322)		(35,583)
Less: current portion of long-term debt		1,670		859,095
Long-term debt	$	1,444,890	$	1,646,396

(1)

(2)

(3)

(4)

(5)

(6)

Schedule of components of loss on extinguishment of debt


	For the year ended
	July 31, 2021
Payment of redemption premium on debt extinguishment	$	83,072
Fair value of Class B units in excess of carrying value		(5,101)
Make-whole payments		1,964
Unamortized deferred financing costs		24,899
Total loss on extinguishment of debt	$	104,834

Scheduled Annual Principal Payments On Long-term Debt


	Scheduled
Payment due by fiscal year	principal payments
2022	$	1,670
2023		1,234
2024		664
2025		534
2026		650,335
Thereafter		825,019
Total	$	1,479,456

Ferrellgas, L.P. [Member]

Debt Instrument [Line Items]

Schedule of Debt Components


	July 31, 2021		July 31, 2020
Unsecured senior notes
Fixed rate, 6.50%, due 2021 (1)	$	—	$	500,000
Fixed rate, 6.75%, due 2023 (2)		—		500,000
Fixed rate, 6.75%, due 2022, net of unamortized premium of $937 at July 31, 2020 (3)		—		475,937
Fixed rate, 5.375%, due 2026 (4)		650,000		—
Fixed rate, 5.875%, due 2029 (4)		825,000		—

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

Notes payable
8.8% and 9.4% weighted average interest rate at July 31, 2021 and July 31, 2020, respectively, due 2021 to 2029, net of unamortized discount of $573 and $537 at July 31, 2021 and July 31, 2020, respectively		3,882		4,564
Total debt, excluding unamortized debt issuance and other costs		1,478,882		2,184,074
Unamortized debt issuance and other costs		(32,322)		(35,583)
Less: current portion of long-term debt		1,670		502,095
Long-term debt	$	1,444,890	$	1,646,396

(1)

(2)

(3)

During fiscal 2014, the operating partnership issued $475.0 million aggregate principal amount of 6.75% senior notes due 2022 (referred to herein as the 2022 Notes), $325.0 million of which was issued at par and $150.0 million of which was issued at 104% of par. The outstanding principal amount of the 2022 Notes was due January 15, 2022. Prior to the Effective Date, the operating partnership delivered a notice of redemption of all of the issued and outstanding 2022 Notes pursuant the terms of the indenture governing the 2022 Notes, with a redemption date of April 5, 2021. On the Effective Date, the operating partnership (i) satisfied and discharged the indenture governing the 2022 Notes by irrevocably depositing with the trustee under such indenture funds in an amount sufficient to pay the redemption price for all of the 2022 Notes on April 5, 2021 and (ii) delivered irrevocable instructions directing the trustee to apply such funds to the redemption of the 2022 Notes on April 5, 2021. As a result, as of the Effective Date, the indenture governing the 2022 Notes ceased to be of further effect (except as to certain expressly surviving rights), and all of the issued and outstanding 2022 Notes were redeemed on April 5, 2021. The aggregate redemption price for the 2022 Notes was $482.0 million, consisting of principal and accrued and unpaid interest to the redemption date.

(4)

(5)

Schedule of components of loss on extinguishment of debt


	For the year ended
	July 31, 2021
Payment of redemption premium on debt extinguishment	$	83,072
Unamortized deferred financing costs		24,899
Total loss on extinguishment of debt	$	107,971

Scheduled Annual Principal Payments On Long-term Debt


Payment due by fiscal year	Scheduled principal payments
2022	$	1,670
2023		1,234
2024		664
2025		534
2026		650,335
Thereafter		825,019
Total	$	1,479,456

Preferred Units (Tables)

12 Months Ended

Jul. 31, 2021

Temporary Equity [Line Items]

Summary of changes in preferred units



		Preferred Units
Balance at July 31, 2020		—
Preferred units issued		700,000
Balance at July 31, 2021		700,000

Ferrellgas, L.P. [Member]

Temporary Equity [Line Items]

Summary of changes in preferred units



		Preferred Units
Balance at July 31, 2020		—
Preferred units issued		700,000
Balance at July 31, 2021		700,000

Equity (Tables)

12 Months Ended

Jul. 31, 2021

Limited Partners' Capital Account [Line Items]

Schedule of units conversion


Year Post-Emergence	Conversion Factor
Year 1	1.75x
Year 2	2.00x
Year 3	3.50x
Year 4	4.00x
Year 5	5.00x
Year 6	6.00x
Year 7	7.00x
Year 8	10.00x
Year 9	12.00x
Year 10	25.00x

Limited Partner Units


	July 31, 2021	July 31, 2020
Public Class A Unitholders (1)	3,480,621	3,480,621
Ferrell Companies (2)	1,126,468	1,126,468
FCI Trading Corp. (3)	9,784	9,784
Ferrell Propane, Inc. (4)	2,560	2,560
James E. Ferrell (5)	238,172	238,172

(1)	These Class A Units are traded on the OTC Pink Market under the symbol “FGPR”.

(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)

Ferrellgas, L.P. [Member]

Limited Partners' Capital Account [Line Items]

Ferrellgas Recognized Cash Distributions


	For the year ended July 31,
	2021		2020		2019
Ferrellgas Partners	$	—	$	15,496	$	40,706
General partner		—		158		415

Revenue from contracts with customers (Tables)

12 Months Ended

Jul. 31, 2021

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]


	For the year ended July 31,
	2021		2020		2019
Retail - Sales to End Users	$	1,123,956	$	964,087	$	1,128,991
Wholesale - Sales to Resellers		516,599		430,435		419,349
Other Gas Sales		28,297		21,269		60,518
Other		85,458		82,035		75,534
Propane and related equipment revenues	$	1,754,310	$	1,497,826	$	1,684,392

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


	July 31, 2021		July 31, 2020
Accounts receivable	$	138,757	$	108,483
Contract assets	$	10,074	$	7,079
Contract liabilities
Deferred revenue (1)	$	49,354	$	42,911

(1)

Of the beginning balance of deferred revenue, $42.9 million was recognized as revenue during the year ended July 31, 2021.

Ferrellgas, L.P. [Member]

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]


	For the year ended July 31,
	2021		2020		2019
Retail - Sales to End Users	$	1,123,956	$	964,087	$	1,128,991
Wholesale - Sales to Resellers		516,599		430,435		419,349
Other Gas Sales		28,297		21,269		60,518
Other		85,458		82,035		75,534
Propane and related equipment revenues	$	1,754,310	$	1,497,826	$	1,684,392

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


	July 31, 2021		July 31, 2020
Accounts receivable	$	138,757	$	108,483
Contract assets	$	10,074	$	7,079
Contract liabilities
Deferred revenue (1)	$	49,354	$	42,911

(1)

Of the beginning balance of deferred revenue, $42.9 million was recognized as revenue during the year ended July 31, 2021.

Fair Value Measurement (Tables)

12 Months Ended

Jul. 31, 2021

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, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	94,244	$	—	$	94,244
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(4,458)	$	—	$	(4,458)

July 31, 2020:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	3,112	$	—	$	3,112
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(5,425)	$	—	$	(5,425)

Ferrellgas, L.P. [Member]

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, 2021:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	94,244	$	—	$	94,244
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(4,458)	$	—	$	(4,458)

July 31, 2020:
Assets:
Derivative financial instruments:
Commodity derivatives	$	—	$	3,112	$	—	$	3,112
Liabilities:
Derivative financial instruments:
Commodity derivatives	$	—	$	(5,425)	$	—	$	(5,425)

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Jul. 31, 2021

Fair Value of Financial Derivatives Balance Sheet Locations


	Final	July 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2023
Commodity derivatives-propane		Price risk management asset	$	78,001	Other current liabilities	$	3,429
Commodity derivatives-propane		Other assets, net		16,243	Other liabilities		1,029
		Total	$	94,244	Total	$	4,458


	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		Price risk management asset	$	2,846	Other current liabilities	$	5,029
Commodity derivatives-propane		Other assets, net		266	Other liabilities		396
		Total	$	3,112	Total	$	5,425

Offsetting Assets And Liabilities [Table Text Block]


	July 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	21,068	Other current liabilities	$	79,178
	Other assets, net		3,036	Other liabilities		15,489
		$	24,104		$	94,667


	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

Cash Flow Hedge Derivative Effect on Comprehensive Income


	For the year ended July 31, 2021
				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	$	136,351	Cost of product sold- propane and other gas liquids sales	$	44,252	$	—
	$	136,351		$	44,252	$	—


	For the year ended July 31, 2020
				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	$	(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 sales-propane and other gas liquids sales	$	(12,868)	$	—
	$	(48,184)		$	(12,868)	$	—

Changes in Derivatives Included in Accumulated Other Comprehensive Income


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2021		2020		2019
Beginning balance	$	(2,313)	$	(14,756)	$	20,560
Change in value of risk management commodity derivatives		136,351		(22,872)		(48,184)
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		(45,172)		35,315		12,868
Ending balance	$	88,866	$	(2,313)	$	(14,756)

Ferrellgas, L.P. [Member]

Fair Value of Financial Derivatives Balance Sheet Locations


	Final	July 31, 2021
	Maturity	Asset Derivatives			Liability Derivatives
Derivative Instrument	Date	Location	Fair value		Location	Fair value
Derivatives designated as hedging instruments	December 2023
Commodity derivatives-propane		Price risk management asset	$	78,001	Other current liabilities	$	3,429
Commodity derivatives-propane		Other assets, net		16,243	Other liabilities		1,029
		Total	$	94,244	Total	$	4,458


	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		Price risk management asset	$	2,846	Other current liabilities	$	5,029
Commodity derivatives-propane		Other assets, net		266	Other liabilities		396
		Total	$	3,112	Total	$	5,425

Offsetting Assets And Liabilities [Table Text Block]


	July 31, 2021
	Assets			Liabilities
Description	Location	Amount		Location	Amount
Margin Balances	Prepaid expense and other current assets	$	21,068	Other current liabilities	$	79,178
	Other assets, net		3,036	Other liabilities		15,489
		$	24,104		$	94,667


	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

Cash Flow Hedge Derivative Effect on Comprehensive Income


	For the year ended July 31, 2021
				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	$	136,351	Cost of product sold- propane and other gas liquids sales	$	44,252	$	—
	$	136,351		$	44,252	$	—


	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 sales-propane and other gas liquids sales	$	(12,868)	$	—
	$	(48,184)		$	(12,868)	$	—

Changes in Derivatives Included in Accumulated Other Comprehensive Income


	For the year ended July 31,
Gains and losses on derivatives included in AOCI	2021		2020		2019
Beginning balance	$	(2,313)	$	(14,756)	$	20,560
Change in value of risk management commodity derivatives		136,351		(22,872)		(48,184)
Reclassification of (gains) losses on commodity hedges to cost of sales - propane and other gas liquids sales, net		(44,252)		35,315		12,868
Ending balance	$	89,786	$	(2,313)	$	(14,756)

Transactions With Related Parties (Tables)

12 Months Ended

Jul. 31, 2021

Allocation Of Transactions With Related Parties


	For the year ended July 31,
	2021		2020		2019
Operating expense	$	260,831	$	260,427	$	256,190

General and administrative expense	$	34,899	$	29,859	$	25,368

Ferrellgas, L.P. [Member]

Allocation Of Transactions With Related Parties


	For the year ended July 31,
	2021		2020		2019
Operating expense	$	260,831	$	260,427	$	256,190

General and administrative expense	$	34,899	$	29,859	$	25,368

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

12 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Basic And Diluted Net Earnings Per Unitholders' Interest


	For the year ended July 31,
	2021		2020		2019

Class A Unitholders’ interest in net loss	$	(91,751)	$	(81,674)	$	(63,605)
Weighted average Class A Units outstanding (in thousands)		4,857.6		4,857.6		4,857.6
Basic and diluted net loss per Class A Unit	$	(18.89)	$	(16.81)	$	(13.09)

Quarterly Data (Unaudited) (Tables)

12 Months Ended

Jul. 31, 2021

Interim Period, Costs Not Allocable [Line Items]

Summarized Unaudited Quarterly Data


For the year ended July 31, 2021	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	300,894	$	553,560	$	564,730	$	335,126
Gross margin from propane and other gas liquids sales (a)		143,422		257,657		243,650		142,187
Net earnings (loss) (b)		(46,453)		63,991		(67,435)		(19,216)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(46,062)		63,267		(66,794)		(18,822)
Class A Unitholders’ interest in net earnings (loss)		(45,601)		62,634		(74,057)		(34,727)

Basic and diluted net earnings (loss) per Class A Unit	$	(9.39)	$	12.89	$	(15.25)	$	(7.15)


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) (c)		(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)
Class A Unitholders’ interest in net earnings (loss)		(44,891)		47,725		(15,239)		(69,269)

Basic and diluted net earnings (loss) per Class A Unit	$	(9.24)	$	9.82	$	(3.14)	$	(14.26)


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)
Class A Unitholders’ interest in net earnings (loss)		(56,445)		42,911		20,256		(70,327)

Basic and diluted net earnings (loss) per Class A Unit	$	(11.62)	$	8.83	$	4.17	$	(14.48)

(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 $109.9 million in the third quarter of fiscal 2021, and gain on extinguishment of debt of $5.1 million in the fourth quarter of fiscal 2021, respectively.

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

Ferrellgas, L.P. [Member]

Interim Period, Costs Not Allocable [Line Items]

Summarized Unaudited Quarterly Data


For the year ended July 31, 2021	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	300,894	$	553,560	$	564,730	$	335,126
Gross margin from propane and other gas liquids sales (a)		143,422		257,657		243,650		142,187
Net earnings (loss) (b)	$	(38,751)	$	71,750	$	(55,473)	$	(22,968)


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) (c)	$	(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)

(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 $108.0 million in the third quarter of fiscal 2021.

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

Partnership Organization And Formation (Details)			1 Months Ended	12 Months Ended
Partnership Organization And Formation (Details)	Apr. 05, 2021 USD ($)	Mar. 30, 2021 USD ($) $ / shares subsidiary shares	Jan. 31, 2017 USD ($)	Jul. 31, 2021 USD ($) employee state subsidiary shares	Jul. 31, 2020 USD ($) shares	Jul. 31, 2019 USD ($)	Apr. 30, 2020 USD ($)	Jun. 30, 2015 USD ($)	Jul. 31, 2014 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
Issuance of Class B Units (in shares) \| shares		1,300,000
Senior preferred units, units outstanding \| shares		700,000		700,000
Preferred Units aggregate initial liquidation preference		$ 700,000,000.0
Preferred units, price per share \| $ / shares		$ 1,000
Preferred units, purchase price discount (as a percent)		3.00%
Aggregate face value, after price discount		$ 679,000,000.0
Senior preferred units, carrying amount		$ 651,300,000		$ 651,349,000
Proceeds from issuance of long-term debt				$ 1,475,000,000	$ 703,750,000	$ 0
Number of employees \| employee				0
Class A Limited Partner Units
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Conversion ratio		0.05
Class B Limited Partner Units
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Issuance of Class B Units (in shares) \| shares		1,300,000
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		$ 357,000,000.0	$ 175,000,000.0								$ 280,000,000.0
Interest rate, as a percent		8.625%			8.625%						8.625%
Issuance price as percent of par			96.00%
Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of subsidiaries \| subsidiary		2
Issuance price as percent of par		100.00%
Proceeds from issuance of long-term debt		$ 1,441,200,000
Senior Notes 5.375 Percent Due 2026 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount		$ 650,000,000.0
Interest rate, as a percent		5.375%		5.375%
Senior Notes 5.875 Percent Due 2029 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount		$ 825,000,000.0
Interest rate, as a percent		5.875%		5.875%
Senior Notes Due 2025, Due 2021, Due 2022 And Due 2023 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of subsidiaries \| subsidiary		2
Aggregate principal amount	$ 2,175,000,000.0
Aggregate redemption price	$ 2,320,900,000
Fixed rate 10.00% Due 2025
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount							$ 700,000,000.0
Interest rate, as a percent		10.00%			10.00%		10.00%
Aggregate redemption price		$ 806,200,000
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										$ 500,000,000.0
Interest rate, as a percent	6.50%				6.50%					6.50%
Aggregate redemption price	$ 513,900,000
Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount									$ 475,000,000.0
Interest rate, as a percent	6.75%				6.75%				6.75%
Aggregate redemption price	$ 482,000,000.0
Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount								$ 500,000,000.0
Interest rate, as a percent	6.75%				6.75%			6.75%
Aggregate redemption price	$ 518,800,000
Revolving Credit Facility [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Debt Instrument, Term		4 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 350,000,000.0
Sublimit, initial period		$ 225,000,000.0
Duration of initial period for sublimit		60 days
Sublimit, after initial period		$ 200,000,000.0
Ferrellgas Partners LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
General partner ownership interest				2.00%	2.00%
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] \| Class A Limited Partner Units
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage				23.40%
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 states in which entity operates \| state				50
Senior preferred units, units outstanding \| shares		700,000		700,000
Preferred Units aggregate initial liquidation preference		$ 700,000,000.0
Preferred units, price per share \| $ / shares		$ 1,000
Preferred units, purchase price discount (as a percent)		3.00%
Aggregate face value, after price discount		$ 679,000,000.0
Senior preferred units, carrying amount		$ 651,300,000		$ 651,349,000
Proceeds from issuance of long-term debt				$ 1,475,000,000	$ 703,750,000
Number of employees \| employee				0
Ferrellgas, L.P. [Member] \| Class B Limited Partner Units
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Issuance of Class B Units (in shares) \| shares		1,300,000
Ferrellgas, L.P. [Member] \| 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		$ 357,000,000.0
Interest rate, as a percent		8.625%
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of subsidiaries \| subsidiary		2
Issuance price as percent of par		100.00%
Proceeds from issuance of long-term debt		$ 1,441,200,000
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount		$ 650,000,000.0
Interest rate, as a percent		5.375%		5.375%
Ferrellgas, L.P. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount		$ 825,000,000.0
Interest rate, as a percent		5.875%		5.875%
Ferrellgas, L.P. [Member] \| Senior Notes Due 2025, Due 2021, Due 2022 And Due 2023 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount	$ 2,175,000,000.0
Ferrellgas, L.P. [Member] \| Fixed rate 10.00% Due 2025
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount							$ 700,000,000.0
Interest rate, as a percent		10.00%			10.00%		10.00%
Aggregate redemption price		$ 806,200,000
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										$ 500,000,000.0
Interest rate, as a percent	6.50%				6.50%					6.50%
Aggregate redemption price	$ 513,900,000
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand twenty Two [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount									$ 475,000,000.0
Interest rate, as a percent	6.75%				6.75%				6.75%
Aggregate redemption price	$ 482,000,000.0
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Aggregate principal amount								$ 500,000,000.0
Interest rate, as a percent	6.75%				6.75%			6.75%
Aggregate redemption price	$ 518,800,000
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Debt Instrument, Term		4 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 350,000,000.0		$ 350,000,000.0
Sublimit, initial period		$ 225,000,000.0
Duration of initial period for sublimit		60 days
Sublimit, after initial period		$ 200,000,000.0
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 Employee Stock Ownership Trust [Member] \| Ferrell Companies [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ownership percentage				100.00%

Summary Of Significant Accounting Policies (Narrative) (Details)	12 Months Ended
	Jul. 31, 2021 USD ($) item subsidiary shares	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)
Significant Accounting Policies [Line Items]
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	462,500
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]
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	462,500
Stock options, percent to vest upon event	100.00%
Retirement age	65
Award expiration period	10 years
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
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, 2021	Jul. 31, 2020	Jul. 31, 2019
Significant Accounting Policies [Line Items]
Current expense	$ 739	$ 297	$ 180
Deferred expense	2	554	143
Income tax expense	741	851	323
Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Current expense	725	248	150
Deferred expense	2	554	143
Income tax expense	$ 727	$ 802	$ 293

- Definition

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

+ References + Details

Summary Of Significant Accounting Policies (Deferred Taxes Assets And Liabilities) (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Significant Accounting Policies [Line Items]
Deferred tax assets	$ 5	$ 4
Deferred tax liabilities	(3)	(3)
Net deferred tax liability	2	1
Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Deferred tax assets	5	4
Deferred tax liabilities	(3)	(3)
Net deferred tax liability	$ 2	$ 1

Summary Of Significant Accounting Policies (New Accounting Standards) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Significant Accounting Policies [Line Items]
Operating Lease, Liability	$ 99,712
Operating Lease, Right-of-Use Asset	$ 87,611	$ 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	$ 99,712
Operating Lease, Right-of-Use Asset	$ 87,611	$ 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) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Assets and Liabilities, Lessee [Abstract]
Operating Lease, Right-of-Use Asset	$ 87,611	$ 107,349
Finance Lease, Right-of-Use Asset	$ 34,858	$ 41,426
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent	Other Assets, Noncurrent
Total leased assets	$ 122,469	$ 148,775
Operating Lease, Liability, Current	25,363	29,345
Finance Lease, Liability, Current	$ 7,479	$ 6,955
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Operating Lease, Liability, Noncurrent	$ 74,349	$ 89,022
Finance Lease, Liability, Noncurrent	$ 28,029	$ 33,473
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total leased liabilities	$ 135,220	$ 158,795
Ferrellgas, L.P. [Member]
Assets and Liabilities, Lessee [Abstract]
Operating Lease, Right-of-Use Asset	87,611	107,349
Finance Lease, Right-of-Use Asset	$ 34,858	$ 41,426
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent	Other Assets, Noncurrent
Total leased assets	$ 122,469	$ 148,775
Operating Lease, Liability, Current	25,363	29,345
Finance Lease, Liability, Current	$ 7,479	$ 6,955
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Operating Lease, Liability, Noncurrent	$ 74,349	$ 89,022
Finance Lease, Liability, Noncurrent	$ 28,029	$ 33,473
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total leased liabilities	$ 135,220	$ 158,795

Leases - Lease Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Lease Expenses (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Lease, Cost [Abstract]
Operating lease expense	$ 36,170	$ 41,487
Short-term expense	8,727	7,690
Variable lease expense	3,875	4,525
Total finance lease expense	12,633	3,673
Total lease expense	61,405	57,375
Midstream Operations [Member]
Lease, Cost [Abstract]
Total lease expense	400	500
Operating expenses - personnel, vehicle, plant and other
Lease, Cost [Abstract]
Operating lease expense	7,695	7,450
Short-term expense	8,151	7,188
Variable lease expense	2,328	2,883
Operating expense - equipment lease expense
Lease, Cost [Abstract]
Operating lease expense	26,127	30,994
Variable lease expense	1,547	1,642
Cost of Sales [Member]
Lease, Cost [Abstract]
Operating lease expense	1,911	1,553
General and Administrative Expense [Member]
Lease, Cost [Abstract]
Operating lease expense	437	1,490
Short-term expense	576	502
Depreciation And Amortization Expense [Member]
Lease, Cost [Abstract]
Amortization of leased assets	8,878	2,613
Interest Expense [Member]
Lease, Cost [Abstract]
Interest on lease liabilities	3,755	1,060
Ferrellgas, L.P. [Member]
Lease, Cost [Abstract]
Operating lease expense	36,170	41,487
Short-term expense	8,727	7,690
Variable lease expense	3,875	4,525
Total finance lease expense	12,633	3,673
Total lease expense	61,405	57,375
Ferrellgas, L.P. [Member] \| Midstream Operations [Member]
Lease, Cost [Abstract]
Total lease expense	400	500
Ferrellgas, L.P. [Member] \| Operating expenses - personnel, vehicle, plant and other
Lease, Cost [Abstract]
Operating lease expense	7,695	7,450
Short-term expense	8,151	7,188
Variable lease expense	2,328	2,883
Ferrellgas, L.P. [Member] \| Operating expense - equipment lease expense
Lease, Cost [Abstract]
Operating lease expense	26,127	30,994
Variable lease expense	1,547	1,642
Ferrellgas, L.P. [Member] \| Cost of Sales [Member]
Lease, Cost [Abstract]
Operating lease expense	1,911	1,553
Ferrellgas, L.P. [Member] \| General and Administrative Expense [Member]
Lease, Cost [Abstract]
Operating lease expense	437	1,490
Short-term expense	576	502
Ferrellgas, L.P. [Member] \| Depreciation And Amortization Expense [Member]
Lease, Cost [Abstract]
Amortization of leased assets	8,878	2,613
Ferrellgas, L.P. [Member] \| Interest Expense [Member]
Lease, Cost [Abstract]
Interest on lease liabilities	$ 3,755	$ 1,060

Leases - Maturity (Details) $ in Thousands	Jul. 31, 2021 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 29,181
2023	37,049
2024	19,953
2025	13,839
2026	5,314
Thereafter	16,672
Total lease payments, Operating Leases	122,008
Less: Imputed interest	22,296
Present value of lease liabilities, Operating Leases	99,712
Finance Lease, Liability, Payment, Due [Abstract]
2022	10,376
2023	8,252
2024	7,608
2025	7,621
2026	6,767
Thereafter	4,925
Total lease payments, Finance Leases	45,549
Less: Imputed interest	10,041
Present value of lease liabilities, Finance Leases	35,508
Operating And Finance Lease Liabilities Payments Due [Abstract]
2022	39,557
2023	45,301
2024	27,561
2025	21,460
2026	12,081
Thereafter	21,597
Total lease payments	167,557
Less: Imputed interest	32,337
Present value of lease liabilities	135,220
Ferrellgas, L.P. [Member]
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	29,181
2023	37,049
2024	19,953
2025	13,839
2026	5,314
Thereafter	16,672
Total lease payments, Operating Leases	122,008
Less: Imputed interest	22,296
Present value of lease liabilities, Operating Leases	99,712
Finance Lease, Liability, Payment, Due [Abstract]
2022	10,376
2023	8,252
2024	7,608
2025	7,621
2026	6,767
Thereafter	4,925
Total lease payments, Finance Leases	45,549
Less: Imputed interest	10,041
Present value of lease liabilities, Finance Leases	35,508
Operating And Finance Lease Liabilities Payments Due [Abstract]
2022	39,557
2023	45,301
2024	27,561
2025	21,460
2026	12,081
Thereafter	21,597
Total lease payments	167,557
Less: Imputed interest	32,337
Present value of lease liabilities	$ 135,220

Leases - Assumptions (Details)	Jul. 31, 2021
Lessee Disclosure [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	4 years 9 months 18 days
Finance Lease, Weighted Average Remaining Lease Term	5 years 2 months 12 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	4 years 9 months 18 days
Finance Lease, Weighted Average Remaining Lease Term	5 years 2 months 12 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, 2021	Jul. 31, 2020	Jul. 31, 2019
Operating cash flows, operating leases	$ 34,895	$ 41,636
Operating cash flows, financing leases	3,396	1,060
Financing cash flows, financing leases	7,188	2,116	$ 0
Ferrellgas, L.P. [Member]
Operating cash flows, operating leases	34,895	41,636
Operating cash flows, financing leases	3,396	1,060
Financing cash flows, financing leases	$ 7,188	$ 2,116

Leases - Comparative Information - Contractual Operating Lease Commitments And Buyout Maturities (Details) $ in Millions	12 Months Ended
	Jul. 31, 2019 USD ($)
Operating Leased Assets [Line Items]
Rental expense	$ 53.8
Ferrellgas, L.P. [Member]
Operating Leased Assets [Line Items]
Rental expense	$ 53.8

Acquisitions, dispositions and other significant transactions - Acquisitions Funding (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Business Acquisition [Line Items]
Cash payments, net of cash acquired	$ 6,567	$ 10,195	$ 13,551
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Cash payments, net of cash acquired	6,567	10,195	13,551
Issuance of liabilities and other costs and considerations	1,344	975	1,650
Aggregate fair value of transactions	7,911	11,170	15,201
Propane and related equipment sales [Member] \| Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Aggregate fair value of transactions	7,900	11,200	15,200
Ferrellgas, L.P. [Member]
Business Acquisition [Line Items]
Cash payments, net of cash acquired	6,567	10,195	13,551
Ferrellgas, L.P. [Member] \| Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Cash payments, net of cash acquired	6,567	10,195	13,551
Issuance of liabilities and other costs and considerations	1,344	975	1,650
Aggregate fair value of transactions	7,911	11,170	15,201
Ferrellgas, L.P. [Member] \| Propane and related equipment sales [Member] \| Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Aggregate fair value of transactions	$ 7,900	$ 11,200	$ 15,200

Acquisitions, dispositions and other significant transactions - Fair Value Allocation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Goodwill, Name of Segment [Extensible List]			Propane and related equipment sales [Member]
Goodwill	$ 246,946	$ 247,195	$ 247,195
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]
Working capital			31
Customer tanks, buildings, land, salt water disposal wells, and other	2,607	6,598	11,560
Goodwill			1,410
Aggregate fair value of transactions	7,911	11,170	15,201
Series of Individually Immaterial Business Acquisitions [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	4,973	738	1,272
Series of Individually Immaterial Business Acquisitions [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	331	3,834	928
Ferrellgas, L.P. [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets [Abstract]
Goodwill	$ 246,946	$ 247,195	$ 247,195

Acquisitions, dispositions and other significant transactions - Dispositions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals	$ 1,831	$ 7,924	$ 10,968
Proceeds from sale of assets	5,295	4,472	5,699
Promissory note	19,765	5,330
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]
Loss on asset sales and disposals	0	0	2,679
Property And Equipment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals	1,831	7,924	8,289
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	1,831	7,924	10,968
Proceeds from sale of assets	5,295	4,472	5,699
Promissory note	19,765	5,330
Notes Receivable, Related Parties, Noncurrent	17,001
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]
Loss on asset sales and disposals	0	0	2,679
Ferrellgas, L.P. [Member] \| Property And Equipment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on asset sales and disposals	$ 1,831	$ 7,924	$ 8,289

Quarterly Distributions Of Available Cash (Details)	12 Months Ended
Quarterly Distributions Of Available Cash (Details)	Jul. 31, 2021 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
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 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, 2021 USD ($) gal	Jul. 31, 2020 USD ($)
Supplemental Financial Statement Information [Line Items]
Propane gas and related products	$ 75,848	$ 58,733
Appliances, parts and supplies	12,531	13,931
Inventories	$ 88,379	72,664
Supply procurement contract duration	36 months
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	6.3
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Propane gas and related products	$ 75,848	58,733
Appliances, parts and supplies	12,531	13,931
Inventories	$ 88,379	$ 72,664
Supply procurement contract duration	36 months
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	6.3

Supplemental Information - Property, Plant And Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,268,256	$ 1,263,072
Less: accumulated depreciation	686,138	672,030
Property, plant and equipment, net	582,118	591,042
Depreciation	64,100	64,500	$ 60,700
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	40,346	39,585
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 15,128	14,998
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Property, plant and equipment, gross	$ 88,620	88,349
Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	110,517	105,184
Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	110,983	111,019
Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	786,912	784,466
Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	107,272	112,582
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 8,478	6,889
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	$ 1,268,256	1,263,072
Less: accumulated depreciation	686,138	672,030
Property, plant and equipment, net	582,118	591,042
Depreciation	64,100	64,500	$ 60,700
Ferrellgas, L.P. [Member] \| Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	40,346	39,585
Ferrellgas, L.P. [Member] \| Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 15,128	14,998
Ferrellgas, L.P. [Member] \| Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Property, plant and equipment, gross	$ 88,620	88,349
Ferrellgas, L.P. [Member] \| Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	110,517	105,184
Ferrellgas, L.P. [Member] \| Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	110,983	111,019
Ferrellgas, L.P. [Member] \| Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	786,912	784,466
Ferrellgas, L.P. [Member] \| Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	107,272	112,582
Ferrellgas, L.P. [Member] \| Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 8,478	$ 6,889
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, 2021	Jul. 31, 2020
Supplemental Financial Statement Information [Line Items]
Broker margin deposit assets	$ 21,068	$ 14,398
Other assets, net	18,024	18,700
Prepaid expenses and other current assets	39,092	33,098
Notes receivable, less current portion and allowance	19,765	5,330
Other	38,605	27,992
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Broker margin deposit assets	21,068	14,398
Other assets, net	18,005	18,653
Prepaid expenses and other current assets	39,073	33,051
Notes receivable, less current portion and allowance	19,765	5,330
Other	$ 38,605	$ 27,992

Supplemental Information - Other Current Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Supplemental Financial Statement Information [Line Items]
Accrued interest	$ 29,095	$ 53,841
Customer deposits and advances	35,734	32,257
Accrued payroll	28,143	18,375
Accrued insurance	11,104	14,796
Broker margin deposit liability	79,178	510
Accrued senior preferred units distributions	16,013
Other	46,733	47,687
Other current liabilities	246,000	167,466
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Accrued interest	29,095	34,511
Customer deposits and advances	35,734	32,257
Accrued payroll	11,104	18,375
Accrued insurance	28,143	14,796
Broker margin deposit liability	79,178	510
Accrued senior preferred units distributions	16,013
Other	46,515	47,687
Other current liabilities	$ 245,782	$ 148,136

Supplemental Information - Shipping and Handling (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	$ 465,816	$ 493,055	$ 468,868
Depreciation and amortization expense	85,382	80,481	78,846
Operating expense - equipment lease expense	27,062	33,017
Equipment lease expense, PREADOPTION			33,073
Shipping and Handling [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	217,292	219,598	215,780
Depreciation and amortization expense	13,691	9,857	6,375
Operating expense - equipment lease expense	22,609	32,518
Equipment lease expense, PREADOPTION			30,759
Costs and Expenses, Total	253,592	261,973	252,914
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	465,816	493,055	468,868
Depreciation and amortization expense	85,382	80,481	78,846
Operating expense - equipment lease expense	27,062	33,017
Equipment lease expense, PREADOPTION			33,073
Ferrellgas, L.P. [Member] \| Shipping and Handling [Member]
Supplemental Financial Statement Information [Line Items]
Operating expense - personnel, vehicle, plant and other	217,292	219,598	215,780
Depreciation and amortization expense	13,691	9,857	6,375
Operating expense - equipment lease expense	22,609	32,518
Equipment lease expense, PREADOPTION			30,759
Costs and Expenses, Total	$ 253,592	$ 261,973	$ 252,914

Supplemental Information - Cash (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Supplemental Financial Statement Information [Line Items]
Cash and cash equivalents	$ 270,452	$ 238,002
Restricted cash	11,500	95,759
Cash pledged as collateral for letters of credit		78,200
Cash deposit against contingencies	11,500	11,500
Additional pledged collateral		6,100
Cash and cash equivalents and restricted cash	281,952	333,761	$ 11,054	$ 119,311
Cash paid for interest	205,505	147,402	166,897
Income taxes	706	289	141
Noncash Investing and Financing Items [Abstract]
Liability incurred in connection with Financing Agreement amendment		8,863
Liabilities incurred in connection with acquisitions	1,344	975	1,650
Change in accruals for property, plant and equipment additions	(386)	216	1,132
Lease liabilities arising from operating right-of-use assets	8,374	14,938
Lease liabilities arising from finance right-of-use assets	2,310	45,455
Accrued senior preferred units distribution	16,013
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Cash and cash equivalents	270,188	237,996
Restricted cash	11,500	95,759
Cash pledged as collateral for letters of credit		78,200
Cash deposit against contingencies	11,500	11,500
Additional pledged collateral		6,100
Cash and cash equivalents and restricted cash	281,688	333,755	11,046	$ 119,308
Cash paid for interest	156,449	132,006	136,106
Income taxes	693	241	111
Noncash Investing and Financing Items [Abstract]
Liability incurred in connection with Financing Agreement amendment		8,863
Liabilities incurred in connection with acquisitions	1,344	975	1,650
Change in accruals for property, plant and equipment additions	(386)	216	$ 1,132
Lease liabilities arising from operating right-of-use assets	8,374	14,938
Lease liabilities arising from finance right-of-use assets	2,310	$ 45,455
Accrued senior preferred units distribution	$ 16,013

Accounts And Notes Receivable, Net (Details) - USD ($)	Jul. 31, 2021	Jul. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 135,182,000	$ 102,914,000
Notes receivable, current portion	13,648,000	12,648,000
Less: Allowance for expected credit losses	(17,256,000)	(14,124,000)
Accounts and notes receivable, net	131,574,000	101,438,000
Accounts receivable pledged as collateral		103,703,000
Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	135,182,000	102,914,000
Notes receivable, current portion	13,648,000	12,648,000
Less: Allowance for expected credit losses	(17,256,000)	(14,124,000)
Accounts and notes receivable, net	$ 131,574,000	101,438,000
Accounts receivable pledged as collateral		$ 103,703,000

Goodwill And Intangible Assets, Net - Components (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Goodwill, gross carrying amount	$ 246,946	$ 247,195
Goodwill, net	246,946	247,195	$ 247,195
Amortizable intangible assets, gross carrying amount	481,754	476,318
Amortizable intangible assets, accumulated amortization	(432,032)	(423,290)
Amortizable intangible assets, net	49,722	53,028
Intangible assets gross excluding goodwill	532,775	527,339
Intangible assets amortization and impairment net excluding goodwill	(432,032)	(423,290)
Intangible assets net excluding goodwill	100,743	104,049
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	51,021
Customer Lists [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortizable intangible assets, gross carrying amount	451,922	446,486
Amortizable intangible assets, accumulated amortization	(405,490)	(397,843)
Amortizable intangible assets, net	46,432	48,643
Non-Compete Agreements [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortizable intangible assets, gross carrying amount	26,319	26,319
Amortizable intangible assets, accumulated amortization	(23,029)	(21,934)
Amortizable intangible assets, net	3,290	4,385
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	246,946	247,195
Goodwill, net	246,946	247,195	$ 247,195
Amortizable intangible assets, gross carrying amount	481,754	476,318
Amortizable intangible assets, accumulated amortization	(432,032)	(423,290)
Amortizable intangible assets, net	49,722	53,028
Intangible assets gross excluding goodwill	532,775	527,339
Intangible assets amortization and impairment net excluding goodwill	(432,032)	(423,290)
Intangible assets net excluding goodwill	100,743	104,049
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	51,021
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	451,922	446,486
Amortizable intangible assets, accumulated amortization	(405,490)	(397,843)
Amortizable intangible assets, net	46,432	48,643
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	26,319
Amortizable intangible assets, accumulated amortization	(23,029)	(21,934)
Amortizable intangible assets, net	3,290	4,385
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, 2021	Jul. 31, 2020	Jul. 31, 2019
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 247,195	$ 247,195
Goodwill acquisitions		0
Impairment	0
Other	(249)
Goodwill, ending balance	246,946	247,195
Goodwill, Name of Segment [Extensible List]			Propane and related equipment sales [Member]
Ferrellgas, L.P. [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	247,195	247,195
Goodwill acquisitions		0
Impairment	0
Other	(249)
Goodwill, ending balance	$ 246,946	$ 247,195

Goodwill And Intangible Assets, Net - Lives (Details)	12 Months Ended
Goodwill And Intangible Assets, Net - Lives (Details)	Jul. 31, 2021
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	9 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	9 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, 2021	Jul. 31, 2020	Jul. 31, 2019
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Aggregate amortization expense	$ 8,742	$ 9,079	$ 14,581
Ferrellgas, L.P. [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Aggregate amortization expense	$ 8,742	$ 9,079	$ 14,581

Goodwill And Intangible Assets, Net - Estimated Amortization Expense (Details) $ in Thousands	Jul. 31, 2021 USD ($)
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
2022	$ 7,687
2023	7,360
2024	7,084
2025	5,083
2026	4,523
Ferrellgas, L.P. [Member]
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
2022	7,687
2023	7,360
2024	7,084
2025	5,083
2026	$ 4,523

Debt - Components Of Long-Term Debt (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Apr. 05, 2021	Mar. 30, 2021	Jul. 31, 2020	Apr. 30, 2020	Jun. 30, 2015	Jul. 31, 2014	Nov. 30, 2010	Apr. 30, 2010
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt	$ 1,478,882			$ 2,541,074
Unamortized debt issuance and other costs	(32,322)			(35,583)
Less: current portion of long-term debt	1,670			859,095
Long-term debt	1,444,890			1,646,396
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
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
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
Interest rate, as a percent		6.75%		6.75%			6.75%
Unamortized premium				$ 937
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%					8.625%
Senior Notes 5.375 Percent Due 2026 [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 650,000
Interest rate, as a percent	5.375%		5.375%
Senior Notes 5.875 Percent Due 2029 [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 825,000
Interest rate, as a percent	5.875%		5.875%
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
Notes payable Due 2021 to 2029
Schedule of Capitalization, Long-term Debt [Line Items]
Notes payable	$ 3,882			4,564
Unamortized discount	$ 573			$ 537
Debt, Weighted Average Interest Rate	8.80%			9.40%
Ferrellgas, L.P. [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Total long-term debt	$ 1,478,882			$ 2,184,074
Unamortized debt issuance and other costs	(32,322)			(35,583)
Less: current portion of long-term debt	1,670			502,095
Long-term debt	1,444,890			1,646,396
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
Interest rate, as a percent		6.50%		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
Interest rate, as a percent		6.75%		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
Interest rate, as a percent		6.75%		6.75%			6.75%
Unamortized premium				$ 937
Ferrellgas, L.P. [Member] \| Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Interest rate, as a percent			8.625%
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 650,000
Interest rate, as a percent	5.375%		5.375%
Ferrellgas, L.P. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Unsecured senior notes	$ 825,000
Interest rate, as a percent	5.875%		5.875%
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] \| Notes payable Due 2021 to 2029
Schedule of Capitalization, Long-term Debt [Line Items]
Notes payable	$ 3,882			4,564
Unamortized discount	$ 573			$ 537
Debt, Weighted Average Interest Rate	8.80%			9.40%

Debt - Long-Term Debt Activity (Details) $ in Thousands, shares in Millions			1 Months Ended		12 Months Ended
	Apr. 05, 2021 USD ($)	Mar. 30, 2021 USD ($) subsidiary shares	Apr. 30, 2020 USD ($)	Jan. 31, 2017 USD ($)	Jul. 31, 2021 USD ($) subsidiary	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)	Jul. 31, 2014 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2011 USD ($)	Nov. 30, 2010 USD ($)	Apr. 30, 2010 USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt					$ 1,475,000	$ 703,750	$ 0
Issuance of Class B Units (in shares) \| shares		1.3
Number Of Entity Subsidiaries \| subsidiary					2
Prepayment premium paid					$ 83,072	$ 17,516	$ 0
Non-cash write-offs of unamortized debt discount and related capitalized debt costs					$ 24,899
Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Debt Instrument [Line Items]
Aggregate principal amount											$ 500,000
Interest rate, as a percent	6.50%					6.50%					6.50%
Aggregate redemption price	$ 513,900
Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Debt Instrument [Line Items]
Aggregate principal amount									$ 500,000
Interest rate, as a percent	6.75%					6.75%			6.75%
Aggregate redemption price	$ 518,800
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%
Aggregate redemption price	$ 482,000
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%
Issuance price as percent of par				96.00%
Amount redeemed										$ 98,000
Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		$ 1,441,200
Issuance price as percent of par		100.00%
Number Of Entity Subsidiaries \| subsidiary		2
Senior Notes 5.375 Percent Due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 650,000
Interest rate, as a percent		5.375%			5.375%
Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 825,000
Interest rate, as a percent		5.875%			5.875%
Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount			$ 700,000
Interest rate, as a percent		10.00%	10.00%			10.00%
Aggregate redemption price		$ 806,200
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Term		4 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 350,000
Sublimit, after initial period		$ 200,000
Duration of initial period for sublimit		60 days
Sublimit, initial period		$ 225,000
Borrowing base, fixed portion		$ 200,000
Additional capacity, percentage applied to accounts receivable		80.00%
Additional capacity, percentage applied to inventory		70.00%
Undrawn funds fee (as a percent)		0.375%
Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Interest rate, as a percent		0.50%
Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Interest rate, as a percent		1.00%
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)		0.50%
Eurodollar Loans [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)		3.00%
Eurodollar Loans [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)		2.50%
Non-Eurodollar Loans [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)		2.00%
Non-Eurodollar Loans [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)		1.50%
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]
Aggregate principal amount								$ 150,000
Issuance price as percent of par								104.00%
Debt Instrument Issued At Other Than Par [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount			$ 125,000
Issuance price as percent of par			103.00%
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt					$ 1,475,000	$ 703,750
Prepayment premium paid					83,072	$ 17,516
Non-cash write-offs of unamortized debt discount and related capitalized debt costs					$ 24,899
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Debt Instrument [Line Items]
Aggregate principal amount											$ 500,000
Interest rate, as a percent	6.50%					6.50%					6.50%
Aggregate redemption price	$ 513,900
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Seven Five Due Two Thousand Twenty Three [Member]
Debt Instrument [Line Items]
Aggregate principal amount									$ 500,000
Interest rate, as a percent	6.75%					6.75%			6.75%
Aggregate redemption price	$ 518,800
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%		6.75%
Aggregate redemption price	$ 482,000
Ferrellgas, L.P. [Member] \| Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 357,000
Interest rate, as a percent		8.625%
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		$ 1,441,200
Issuance price as percent of par		100.00%
Number Of Entity Subsidiaries \| subsidiary		2
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 650,000
Interest rate, as a percent		5.375%			5.375%
Ferrellgas, L.P. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 825,000
Interest rate, as a percent		5.875%			5.875%
Ferrellgas, L.P. [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount			$ 700,000
Interest rate, as a percent		10.00%	10.00%			10.00%
Aggregate redemption price		$ 806,200
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Term		4 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 350,000			$ 350,000
Sublimit, after initial period		$ 200,000
Duration of initial period for sublimit		60 days
Sublimit, initial period		$ 225,000
Borrowing base, fixed portion					$ 200,000
Additional capacity, percentage applied to accounts receivable					80.00%
Additional capacity, percentage applied to inventory					70.00%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Interest rate, as a percent					0.50%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Interest rate, as a percent					1.00%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)					0.50%
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Undrawn funds fee (as a percent)					0.375%
Ferrellgas, L.P. [Member] \| Eurodollar Loans [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)					3.00%
Ferrellgas, L.P. [Member] \| Eurodollar Loans [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)					2.50%
Ferrellgas, L.P. [Member] \| Non-Eurodollar Loans [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)					2.00%
Ferrellgas, L.P. [Member] \| Non-Eurodollar Loans [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Margin added to variable rate (as a percent)					1.50%
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]
Aggregate principal amount								$ 150,000
Issuance price as percent of par								104.00%
Ferrellgas, L.P. [Member] \| Debt Instrument Issued At Other Than Par [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount			$ 125,000
Issuance price as percent of par			103.00%

Debt - Covenants and Loss on Extinguishment (Details) $ in Thousands			3 Months Ended			12 Months Ended
	Apr. 05, 2021 USD ($)	Mar. 30, 2021 USD ($) item	Jul. 31, 2021 USD ($)	Apr. 30, 2021 USD ($)	Apr. 30, 2020 USD ($)	Jul. 31, 2021 USD ($) item	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)	Jan. 31, 2017 USD ($)	Nov. 30, 2010 USD ($)	Apr. 30, 2010 USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt						$ 1,475,000	$ 703,750	$ 0
Total loss on extinguishment of debt			$ (5,100)	$ 109,900	$ 37,400	104,834	37,399	$ 0
Payment of redemption premium on debt extinguishment						83,072
Fair value of Class B Units in excess of carrying value						(5,101)
Make-whole payments						1,964
Unamortized deferred financing costs						24,899
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available capacity necessary for cash distributions		$ 50,000
Available capacity as percentage of Borrowing Base, necessary for cash distributions		15.00%
Debt Instrument, Term		4 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 350,000
Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Number of quarters for required fixed charge coverage ratio \| item		4
Number of quarters for restricted payments \| item		4
Proceeds from issuance of long-term debt		$ 1,441,200
Senior Notes 5.375 Percent Due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		650,000
Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		825,000
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
Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount					700,000
Outstanding borrowing repaid		$ 806,200
Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Debt Instrument [Line Items]
Aggregate principal amount										$ 500,000
Outstanding borrowing repaid	$ 513,900
Debt Covenant, Third Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio		5.0
Debt Covenant, Fourth Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio		4.75
Maximum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Secured leverage ratio		2.50
Maximum [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Total net leverage ratio		5.0
Required fixed charge coverage ratio		1.75%
Maximum [Member] \| Debt Covenant, First Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio		5.50
Maximum [Member] \| Debt Covenant, Second Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio		5.25
Maximum [Member] \| Debt Covenant, Third Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio		5.00
Maximum [Member] \| Debt Covenant, Fourth Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio		4.75
Minimum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest coverage ratio		2.50
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt						1,475,000	703,750
Total loss on extinguishment of debt				$ 108,000	37,400	107,971	$ 37,399
Payment of redemption premium on debt extinguishment						83,072
Unamortized deferred financing costs						24,899
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available capacity necessary for cash distributions						$ 50,000
Available capacity as percentage of Borrowing Base, necessary for cash distributions						15.00%
Debt Instrument, Term		4 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 350,000	$ 350,000			$ 350,000
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Number of quarters for required fixed charge coverage ratio \| item						4
Number of quarters for restricted payments \| item						4
Proceeds from issuance of long-term debt		1,441,200
Ferrellgas, L.P. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		650,000
Ferrellgas, L.P. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		825,000
Ferrellgas, L.P. [Member] \| Fixed Rate Eight Point Six Two Five Due Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Aggregate principal amount		357,000
Ferrellgas, L.P. [Member] \| Fixed rate 10.00% Due 2025
Debt Instrument [Line Items]
Aggregate principal amount					$ 700,000
Outstanding borrowing repaid		$ 806,200
Ferrellgas, L.P. [Member] \| Fixed Rate Six Point Five Zero Due Two Thousand Twenty One [Member]
Debt Instrument [Line Items]
Aggregate principal amount										$ 500,000
Outstanding borrowing repaid	$ 513,900
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Secured leverage ratio						2.50
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Senior Notes 5.375 Percent Due 2026 And Senior Notes 5.875 Percent Due 2029 [Member]
Debt Instrument [Line Items]
Total net leverage ratio						5.0
Required fixed charge coverage ratio						1.75%
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Debt Covenant, First Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio						5.50
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Debt Covenant, Second Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio						5.25
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Debt Covenant, Third Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio						5.00
Ferrellgas, L.P. [Member] \| Maximum [Member] \| Debt Covenant, Fourth Specified Period [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total net leverage ratio						4.75
Ferrellgas, L.P. [Member] \| Minimum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest coverage ratio						2.50

Debt Maturities (Details) $ in Thousands	Jul. 31, 2021 USD ($)
Debt Instrument [Line Items]
2022	$ 1,670
2023	1,234
2024	664
2025	534
2026	650,335
Thereafter	825,019
Total long-term debt	1,479,456
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
2022	1,670
2023	1,234
2024	664
2025	534
2026	650,335
Thereafter	825,019
Total long-term debt	$ 1,479,456

Debt - Security (Details) - USD ($) $ in Millions	12 Months Ended
Debt - Security (Details) - USD ($) $ in Millions	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Debt Instrument [Line Items]
Letters of credit outstanding	$ 107.7	$ 126.0
Cash pledged as collateral for letters of credit		78.2
Commitment fees	0.1	0.5	$ 1.0
Accounts Receivable Securitization Facility [Member]
Debt Instrument [Line Items]
Letters of credit outstanding		50.0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available borrowing capacity	219.9
Ferrellgas, L.P. [Member]
Debt Instrument [Line Items]
Letters of credit outstanding	107.7	126.0
Cash pledged as collateral for letters of credit		78.2
Ferrellgas, L.P. [Member] \| Accounts Receivable Securitization Facility [Member]
Debt Instrument [Line Items]
Letters of credit outstanding		$ 50.0
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Available borrowing capacity	$ 219.9

Preferred Units - Issuance (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Mar. 30, 2021	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Temporary Equity [Line Items]
Preferred units issued (in shares)	700,000	700,000
Preferred Units aggregate initial liquidation preference	$ 700,000
Purchase price per Preferred Units	$ 1,000	$ 1,000
Purchase price discount	3.00%
Aggregate purchase price	$ 679,000
Net proceeds from the issuance and sale of the Preferred Units	$ 651,300	$ 651,349	$ 0	$ 0
Senior preferred units, units outstanding	700,000	700,000
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Preferred units issued (in shares)	700,000	700,000
Preferred Units aggregate initial liquidation preference	$ 700,000
Purchase price per Preferred Units	$ 1,000	$ 1,000
Purchase price discount	3.00%
Aggregate purchase price	$ 679,000
Net proceeds from the issuance and sale of the Preferred Units	$ 651,300	$ 651,349
Senior preferred units, units outstanding	700,000	700,000

Preferred Units - Issuer Redemption Right (Details) $ / shares in Units, $ in Millions	Jul. 31, 2021 USD ($) item $ / shares	Mar. 30, 2021 $ / shares
Temporary Equity [Line Items]
Redemption right price percentage MOIC	1.47
Purchase price per Preferred Units \| $ / shares	$ 1,000	$ 1,000
Redemption right price percentage of IRR	12.25%
Basis point added	150
Number of quarterly distributions to change redemption price calculation \| item	4
Partial redemption minimum amount \| $	$ 25.0
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Redemption right price percentage MOIC	1.47
Purchase price per Preferred Units \| $ / shares	$ 1,000	$ 1,000
Redemption right price percentage of IRR	12.25%
Basis point added	1.50
Number of quarterly distributions to change redemption price calculation \| item	4
Partial redemption minimum amount \| $	$ 25.0

Preferred Units - Investor Redemption Right (Details)	Jul. 31, 2021 D shares
Temporary Equity [Line Items]
Threshold units outstanding for right to fully redeem outstanding units in cash	233,300
Percentage of preferred units held	33.30%
Percentage of preferred units held by initial affiliated purchasers	25.00%
Threshold units outstanding for right to trigger sale	233,300
Days for consummation of sale and payment of redemption price in full \| D	180
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Threshold units outstanding for right to fully redeem outstanding units in cash	233,300
Percentage of preferred units held	33.30%
Percentage of preferred units held by initial affiliated purchasers	25.00%
Threshold units outstanding for right to trigger sale	233,300
Days for consummation of sale and payment of redemption price in full \| D	180

Preferred Units - Distributions (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2021	Apr. 30, 2021
Temporary Equity [Line Items]
Quarterly Distribution accrued	$ 16.0	$ 8.0
Cash tax distribution rate	25.00%
Tax rate multiplied by estimated taxable income percentage	25.00%
Additional distribution, percentage of taxable income	20.00%
Additional distribution, divisor	0.8
Minimum [Member]
Temporary Equity [Line Items]
Applicable premium distribution rate	0.75
Maximum [Member]
Temporary Equity [Line Items]
Preferred units distribution rate	11.125%
Applicable premium distribution rate	3
First Five Years After March 30, 2021 [Member]
Temporary Equity [Line Items]
Preferred units distribution rate	8.956%
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Quarterly Distribution accrued	$ 16.0	$ 8.0
Cash tax distribution rate	25.00%
Tax rate multiplied by estimated taxable income percentage	25.00%
Additional distribution, percentage of taxable income	20.00%
Additional distribution, divisor	0.8
Ferrellgas, L.P. [Member] \| Minimum [Member]
Temporary Equity [Line Items]
Applicable premium distribution rate	0.75
Ferrellgas, L.P. [Member] \| Maximum [Member]
Temporary Equity [Line Items]
Preferred units distribution rate	11.125%
Applicable premium distribution rate	3
Ferrellgas, L.P. [Member] \| First Five Years After March 30, 2021 [Member]
Temporary Equity [Line Items]
Preferred units distribution rate	8.956%

Preferred Units - Board Rights, Protective Provisions (Details) shares in Thousands, $ in Millions	Jul. 31, 2021 USD ($) director shares
Temporary Equity [Line Items]
Minimum preferred units outstanding to designate director to board by unit holders \| shares	140
Number of director to the Board permitted to designate by unit holders \| director	1
Minimum value outstanding for director appointment \| $	$ 35
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Minimum preferred units outstanding to designate director to board by unit holders \| shares	140
Number of director to the Board permitted to designate by unit holders \| director	1
Minimum value outstanding for director appointment \| $	$ 35

Preferred Units - Restrictions on Cash Distributions (Details) $ in Millions	Jul. 31, 2021 USD ($)
Temporary Equity [Line Items]
Minimum liquidity	$ 100
Period Through May 15, 2022 [Member]
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.25
Period Thereafter [Member]
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.0
Ferrellgas, L.P. [Member]
Temporary Equity [Line Items]
Minimum liquidity	$ 100
Ferrellgas, L.P. [Member] \| Period Through May 15, 2022 [Member]
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.25
Ferrellgas, L.P. [Member] \| Period Thereafter [Member]
Temporary Equity [Line Items]
Consolidated net leverage ratio	7.00

Equity - Reverse Unit Split (Details)	Mar. 30, 2021 shares	Jul. 31, 2021 shares	Jul. 31, 2020 shares
Limited Partners' Capital Account [Line Items]
Limited partner unitholders, units outstanding	97,152,665
Class A Limited Partner Units
Limited Partners' Capital Account [Line Items]
Conversion ratio	0.05
Limited partner unitholders, units outstanding	4,857,605	4,857,605	4,857,605

Equity - Units Issued and Redemption (Details) $ / shares in Units, $ in Thousands, shares in Millions		3 Months Ended			12 Months Ended
	Mar. 30, 2021 USD ($) director $ / shares shares	Jul. 31, 2021 USD ($)	Apr. 30, 2021 USD ($)	Apr. 30, 2020 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)
Limited Partners' Capital Account [Line Items]
Distribution ratio					6
Aggregate distributions before conversion					$ 357,000
Total internal rate of return for redemption					15.85%
Notes fair value		$ 385,000			$ 385,000
Gain (loss) on extinguishment of debt		$ 5,100	$ (109,900)	$ (37,400)	(104,834)	$ (37,399)	$ 0
Fair value of Class B Units in excess of carrying value					$ (5,101)
Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Units issued \| shares	1.3
Distribution amount	$ 356,000
Units redemption option (in years)	5 years
Basis points of internal rate of return for price determination of units redemption	3
Minimum redemption price per unit \| $ / shares	$ 302.08
Option to hold cash period	6 months
Number of independent director to the Board permitted to designate by unit holders \| director	1
Initial Majority Holder of Class B Units Holds At Least 50% of Class B Units [Member] \| Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Additional units issued percentage of requisite units held	50.00%
Initial Majority Holder of Class B Units Holds Less Than 50% of Class B Units [Member] \| Class B Limited Partner Units
Limited Partners' Capital Account [Line Items]
Additional units issued percentage of requisite units held	33.00%

Equity - Conversion Factor (Details)	Mar. 30, 2021
Post Emergence Year One [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	1.75
Post Emergence Year Two [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	2.0
Post Emergence Year Three [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	3.5
Post Emergence Year Four [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	4.0
Post Emergence Year Five [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	5.0
Post Emergence Year Six [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	6.0
Post Emergence Year Seven [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	7.0
Post Emergence Year Eight [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	10.0
Post Emergence Year Nine [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	12.0
Post Emergence Year Ten [Member]
Limited Partners' Capital Account [Line Items]
Conversion factor	25.0

Equity - Limited Partner Units (Details) - shares	Jul. 31, 2021	Mar. 30, 2021	Jul. 31, 2020
Capital Unit [Line Items]
Limited partner unitholders, units outstanding		97,152,665
Ferrell Companies [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	1,126,468		1,126,468
FCI Trading Corp. [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	9,784		9,784
Ferrell Propane, Inc. [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	2,560		2,560
James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	238,172		238,172
Public Common Unitholders [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	3,480,621		3,480,621

Equity - Ownership (Details) - shares	12 Months Ended
Equity - Ownership (Details) - shares	Jul. 31, 2021	Jul. 31, 2020	Mar. 30, 2021
Capital Unit [Line Items]
Limited partner unitholders, units outstanding			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]
Limited partner unitholders, units outstanding	1,126,468	1,126,468
James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	238,172	238,172
Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
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%
Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
Limited partner ownership interest	98.00%
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]
Limited partner unitholders, units outstanding	9,784
Ferrell Propane, Inc. [Member] \| Ferrell Companies [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	2,560
JEF Capital Management [Member] \| James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	237,942
Ferrell Resources Holdings, Inc. [Member] \| Ferrellgas Partners LP [Member] \| James E. Ferrell [Member]
Capital Unit [Line Items]
Limited partner unitholders, units outstanding	230
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%
Ferrellgas Partners LP [Member] \| Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
Limited partner ownership interest	99.00%

Equity - Paid Distributions (Details) - USD ($) $ in Thousands		12 Months Ended
	Sep. 14, 2021	Jul. 31, 2020	Jul. 31, 2019
Limited Partners' Capital Account [Line Items]
Distributions paid		$ 158	$ 10,229
Subsequent Event [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	$ 49,900
Parent [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		0	9,814
General Partner [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid			98
Ferrellgas, L.P. [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		15,654	41,121
Ferrellgas, L.P. [Member] \| Ferrellgas Inc., General Partner [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		158	415
Ferrellgas, L.P. [Member] \| Ferrellgas Partners LP [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		15,496	40,706
Ferrellgas, L.P. [Member] \| Subsequent Event [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid	$ 49,900
Ferrellgas, L.P. [Member] \| Common Unitholders [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		15,496	40,706
Ferrellgas, L.P. [Member] \| General Partner [Member]
Limited Partners' Capital Account [Line Items]
Distributions paid		$ 158	$ 415

Equity - Contributions and AOCI (Details) - USD ($)	12 Months Ended
Equity - Contributions and AOCI (Details) - USD ($)	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	$ 3,215,000	$ 2,871,000	$ 5,693,000
Ferrellgas Partners LP [Member]
Capital Unit [Line Items]
General partner ownership interest	2.00%	2.00%
General Partner [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	$ 33,000	$ 28,000	56,000
Ferrellgas, L.P. [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	3,215,000	2,871,000	5,693,000
Ferrellgas, L.P. [Member] \| Common Unitholders [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	3,183,000	2,842,000	5,635,000
Ferrellgas, L.P. [Member] \| General Partner [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	32,000	29,000.0	$ 58,000
Ferrellgas Inc., General Partner [Member]
Capital Unit [Line Items]
Contributions in connection with non-cash ESOP compensation charges	$ 65,000.0	$ 57,000.0
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, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	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, 2021	Jul. 31, 2020	Jul. 31, 2019
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	$ 335,126	$ 564,730	$ 553,560	$ 300,894	$ 281,649	$ 412,130	$ 510,833	$ 293,214	$ 279,081	$ 479,625	$ 573,377	$ 352,309	$ 1,754,310	$ 1,497,826	$ 1,684,392
Contract assets and liabilities
Accounts receivable	138,757				108,483								138,757	108,483
Contract assets	10,074				7,079								10,074	7,079
Contract liabilities
Deferred revenue	$ 49,354				42,911								49,354	42,911
Deferred revenue recognized													$ 42,900
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-08-01
Contract liabilities
Remaining performance obligation recognition period	1 year												1 year
Propane And Related Equipment [Member]
Disaggregation of Revenue [Line Items]
Revenues													$ 1,754,310	1,497,826	1,684,392
Retail Sales To End Users [Member]
Disaggregation of Revenue [Line Items]
Revenues													1,123,956	964,087	1,128,991
Wholesale Sales To Resellers [Member]
Disaggregation of Revenue [Line Items]
Revenues													516,599	430,435	419,349
Other Gas Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues													28,297	21,269	60,518
Other Revenues
Disaggregation of Revenue [Line Items]
Revenues													$ 85,458	82,035	75,534
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	$ 335,126	$ 564,730	$ 553,560	$ 300,894	281,649	$ 412,130	$ 510,833	$ 293,214	$ 279,081	$ 479,625	$ 573,377	$ 352,309	$ 1,754,310	1,497,826	1,684,392
Contract assets and liabilities
Accounts receivable	138,757				108,483								138,757	108,483
Contract assets	10,074				7,079								10,074	7,079
Contract liabilities
Deferred revenue	$ 49,354				$ 42,911								49,354	42,911
Deferred revenue recognized													$ 42,900
Ferrellgas, L.P. [Member] \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-08-01
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													$ 1,754,310	1,497,826	1,684,392
Ferrellgas, L.P. [Member] \| Retail Sales To End Users [Member]
Disaggregation of Revenue [Line Items]
Revenues													1,123,956	964,087	1,128,991
Ferrellgas, L.P. [Member] \| Wholesale Sales To Resellers [Member]
Disaggregation of Revenue [Line Items]
Revenues													516,599	430,435	419,349
Ferrellgas, L.P. [Member] \| Other Gas Sales [Member]
Disaggregation of Revenue [Line Items]
Revenues													28,297	21,269	60,518
Ferrellgas, L.P. [Member] \| Other Revenues
Disaggregation of Revenue [Line Items]
Revenues													$ 85,458	$ 82,035	$ 75,534

Fair Value Measurements - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivatives propane swap assets	$ 94,244	$ 3,112
Commodity derivatives propane swap liabilities	(4,458)	(5,425)
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	94,244	3,112
Commodity derivatives propane swap liabilities	(4,458)	(5,425)
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	94,244	3,112
Commodity derivatives propane swap liabilities	(4,458)	(5,425)
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	94,244	3,112
Commodity derivatives propane swap liabilities	(4,458)	(5,425)
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 Thousands	3 Months Ended			12 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 1,466,400			$ 1,466,400	$ 2,177,100
Gain (loss) on extinguishment of debt	5,100	$ (109,900)	$ (37,400)	(104,834)	(37,399)	$ 0
Ferrellgas, L.P. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 1,466,400			1,466,400	2,054,400
Gain (loss) on extinguishment of debt		$ (108,000)	$ (37,400)	$ (107,971)	$ (37,399)

Derivative Instruments and Hedging Activities - Balance Sheet (Details) - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Derivatives, Fair Value [Line Items]
Gain (loss) recognized due to ineffectiveness	$ 0	$ 0
Commodity derivatives propane swap assets	94,244,000	3,112,000
Derivative Asset, Fair Value, Gross Asset	94,244,000	3,112,000
Commodity derivatives propane swap liabilities	4,458,000	5,425,000
Derivative Liability, Fair Value, Gross Liability	4,458,000	5,425,000
Price risk management asset
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	78,001,000	2,846,000
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	3,429,000	5,029,000
Other Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	16,243,000	266,000
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	1,029,000	396,000
Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Gain (loss) recognized due to ineffectiveness	0	0
Commodity derivatives propane swap assets	94,244,000	3,112,000
Derivative Asset, Fair Value, Gross Asset	94,244,000	3,112,000
Commodity derivatives propane swap liabilities	4,458,000	5,425,000
Derivative Liability, Fair Value, Gross Liability	4,458,000	5,425,000
Ferrellgas, L.P. [Member] \| Price risk management asset
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	78,001,000	2,846,000
Ferrellgas, L.P. [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	3,429,000	5,029,000
Ferrellgas, L.P. [Member] \| Other Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap assets	16,243,000	266,000
Ferrellgas, L.P. [Member] \| Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Commodity derivatives propane swap liabilities	$ 1,029,000	$ 396,000

Derivative Instruments and Hedging Activities - Margin Balances (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2020
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	$ 24,104	$ 15,831
Derivative Liability, Fair Value of Collateral	94,667	510
Hedging Assets Current [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	21,068	14,398
Other Current Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	79,178	510
Other Assets, Net [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	3,036	1,433
Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	15,489
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	24,104	15,831
Derivative Liability, Fair Value of Collateral	94,667	510
Ferrellgas, L.P. [Member] \| Hedging Assets Current [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	21,068	14,398
Ferrellgas, L.P. [Member] \| Other Current Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	79,178	510
Ferrellgas, L.P. [Member] \| Other Assets, Net [Member]
Derivative [Line Items]
Derivative Asset, Fair Value of Collateral	3,036	$ 1,433
Ferrellgas, L.P. [Member] \| Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Fair Value of Collateral	$ 15,489

Derivative Instruments and Hedging Activities - Effect on Comprehensive Income and Change in FV (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	$ 136,351	$ (22,872)
Amount of gain (loss) recognized in AOCI on derivative, pre-adoption			$ (48,184)
Amount of gain (loss) reclassified from AOCI into income	44,252	(35,315)
Amount of gain (loss) reclassified from AOCI into income, pre-adoption			(12,868)
Amount of gain (loss) reclassified, ineffective portion	0	0	0
Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	136,351	(22,872)
Amount of gain (loss) recognized in AOCI on derivative, pre-adoption			(48,184)
Cost of Sales [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income	44,252	(35,315)
Amount of gain (loss) reclassified from AOCI into income, pre-adoption			(12,868)
Amount of gain (loss) reclassified, ineffective portion	0	0	0
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	136,351	(22,872)
Amount of gain (loss) recognized in AOCI on derivative, pre-adoption			(48,184)
Amount of gain (loss) reclassified from AOCI into income	44,252	(35,315)
Amount of gain (loss) reclassified from AOCI into income, pre-adoption			(12,868)
Amount of gain (loss) reclassified, ineffective portion	0	0	0
Ferrellgas, L.P. [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) recognized in AOCI on derivative	136,351	(22,872)
Amount of gain (loss) recognized in AOCI on derivative, pre-adoption			(48,184)
Ferrellgas, L.P. [Member] \| Cost of Sales [Member] \| Commodity Derivatives Propane [Member]
Derivative [Line Items]
Amount of gain (loss) reclassified from AOCI into income	44,252	(35,315)
Amount of gain (loss) reclassified from AOCI into income, pre-adoption			(12,868)
Amount of gain (loss) reclassified, ineffective portion	$ 0	$ 0	$ 0

Derivative Instruments and Hedging Activities - AOCI Rollforward (Details)	12 Months Ended
	Jul. 31, 2021 USD ($) MMBbls	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)
Derivative [Line Items]
Partners' capital balance, beginning	$ (1,208,268,000)	$ (1,138,938,000)	$ (1,034,477,000)
Change in value of derivative	136,351,000	(22,872,000)
Change in value of derivative, pre-adoption			(48,184,000)
Reclassification of (gains) losses on derivatives to earnings, net	(44,252,000)	35,315,000
Reclassification of losses on derivatives to earnings, net, pre-adoption			12,868,000
Partners' capital balance, ending	(823,079,000)	(1,208,268,000)	(1,138,938,000)
Reclassification of net gain to earnings during next 12 months	74,600,000
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	7.1
Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	$ (2,313,000)	(14,756,000)
Partners' capital balance, ending	88,866,000	(2,313,000)	(14,756,000)
Accumulated Net Gain (Loss) from Cash Flow Hedges, pre-adoption
Derivative [Line Items]
Partners' capital balance, beginning		(14,756,000)	20,560,000
Partners' capital balance, ending			(14,756,000)
Commodity Derivatives Propane [Member] \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Change in value of derivative	136,351,000	(22,872,000)
Reclassification of (gains) losses on derivatives to earnings, net	(45,172,000)	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)
Reclassification of losses on derivatives to earnings, net, pre-adoption			12,868,000
Ferrellgas, L.P. [Member]
Derivative [Line Items]
Partners' capital balance, beginning	(831,991,000)	(780,403,000)	(680,078,000)
Change in value of derivative	136,351,000	(22,872,000)
Change in value of derivative, pre-adoption			(48,184,000)
Reclassification of (gains) losses on derivatives to earnings, net	(44,252,000)	35,315,000
Reclassification of losses on derivatives to earnings, net, pre-adoption			12,868,000
Partners' capital balance, ending	(806,143,000)	(831,991,000)	(780,403,000)
Reclassification of net gain to earnings during next 12 months	74,600,000
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	7.1
Ferrellgas, L.P. [Member] \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Derivative [Line Items]
Partners' capital balance, beginning	$ (2,313,000)	(14,756,000)
Partners' capital balance, ending	89,786,000	(2,313,000)	(14,756,000)
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
Partners' capital balance, ending			(14,756,000)
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	136,351,000	(22,872,000)
Reclassification of (gains) losses on derivatives to earnings, net	$ (44,252,000)	$ 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)
Reclassification of losses on derivatives to earnings, net, pre-adoption			$ 12,868,000

Derivative Instruments and Hedging Activities - Credit Risk (Details) $ in Millions	Jul. 31, 2021 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	1 Months Ended	12 Months Ended
Transactions With Related Parties (Details) $ in Thousands	Jul. 31, 2021 USD ($) employee	Jul. 31, 2021 USD ($) employee	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)
Related Party Transaction [Line Items]
Entity Number of Employees \| employee	0	0
Operating Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party		$ 260,831	$ 260,427	$ 256,190
General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party		34,899	29,859	25,368
Ferrellgas, L.P. [Member] \| Related Party Term Loan Credit Agreement [Member]
Related Party Transaction [Line Items]
Aggregate principal amount	$ 19,900	$ 19,900
Interest rate, as a percent	20.00%	20.00%
Note payable	$ 13,100	$ 13,100
Prepayment	$ 9,000
Ferrellgas, L.P. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee	0	0
Ferrellgas, L.P. [Member] \| Operating Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party		$ 260,831	260,427	256,190
Ferrellgas, L.P. [Member] \| General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Expenses reimbursed to related party		34,899	$ 29,859	$ 25,368
Ferrellgas, L.P. [Member] \| Ferrellgas Partners LP [Member] \| Related Party Term Loan Credit Agreement [Member]
Related Party Transaction [Line Items]
Aggregate principal amount	$ 19,900	$ 19,900
Interest rate, as a percent	20.00%	20.00%
Note payable	$ 13,100	$ 13,100
Prepayment	$ 9,000
Ferrellgas Finance Corp. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee	0	0
Ferrellgas Partners Finance Corp. [Member]
Related Party Transaction [Line Items]
Entity Number of Employees \| employee	0	0

Contingencies And Commitments (Details) $ in Thousands	1 Months Ended	12 Months Ended
Contingencies And Commitments (Details) $ in Thousands	Aug. 31, 2019 USD ($) item	Jul. 31, 2021 USD ($) item	Jul. 31, 2020 USD ($)
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 Finance Corp. [Member] \| Fixed rate 10.00% Due 2025
Loss Contingencies [Line Items]
Liability as co-issuer			$ 700,000
Ferrellgas Finance Corp. [Member] \| Senior Notes 5.375 Percent Due 2026 [Member]
Loss Contingencies [Line Items]
Liability as co-issuer		$ 650,000
Ferrellgas Finance Corp. [Member] \| Senior Notes 5.875 Percent Due 2029 [Member]
Loss Contingencies [Line Items]
Liability as co-issuer		$ 825,000
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, 2021 USD ($) employee	Jul. 31, 2020 USD ($)	Jul. 31, 2019 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	$ 3,215	$ 2,871	$ 5,693
Contributions to defined contribution plan	4,000	4,800	4,600
Defined benefit plan adjustments to other comprehensive income and other liabilities	$ 0	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	$ 3,215	2,871	5,693
Contributions to defined contribution plan	4,000	4,800	4,600
Defined benefit plan adjustments to other comprehensive income and other liabilities	$ 0	$ 100	$ 100

Net Earnings (Loss) Per Unitholders' Interest (Details)	3 Months Ended												12 Months Ended
Net Earnings (Loss) Per Unitholders' Interest (Details)	Jul. 31, 2021 USD ($) $ / shares	Apr. 30, 2021 USD ($) $ / shares	Jan. 31, 2021 USD ($) $ / shares	Oct. 31, 2020 USD ($) $ / shares	Jul. 31, 2020 USD ($) $ / shares	Apr. 30, 2020 USD ($) $ / shares	Jan. 31, 2020 USD ($) $ / shares	Oct. 31, 2019 USD ($) $ / shares	Jul. 31, 2019 USD ($) $ / shares	Apr. 30, 2019 USD ($) $ / shares	Jan. 31, 2019 USD ($) $ / shares	Oct. 31, 2018 USD ($) $ / shares	Jul. 31, 2021 USD ($) $ / shares shares	Jul. 31, 2020 USD ($) $ / shares shares	Jul. 31, 2019 USD ($) $ / shares shares
Earnings Distribution Allocation [Line Items]
Value of dilutive securities													$ 0	$ 0	$ 0
Limited partner unitholders' interest in net earnings (loss)	$ (34,727,000)	$ (74,057,000)	$ 62,634,000	$ (45,601,000)	$ (69,269,000)	$ (15,239,000)	$ 47,725,000	$ (44,891,000)	$ (70,327,000)	$ 20,256,000	$ 42,911,000	$ (56,445,000)	$ (91,751,000)	$ (81,674,000)	$ (63,605,000)
Basic and diluted net earnings (loss) per limited partner unit \| $ / shares	$ (7.15)	$ (15.25)	$ 12.89	$ (9.39)	$ (14.26)	$ (3.14)	$ 9.82	$ (9.24)	$ (14.48)	$ 4.17	$ 8.83	$ (11.62)	$ (18.89)	$ (16.81)	$ (13.09)
Allocation of earnings to Class B units relative to allocation to Class A units													6
Class A Limited Partner Units
Earnings Distribution Allocation [Line Items]
Limited partner unitholders' interest in net earnings (loss)													$ (91,751,000)	$ (81,674,000)	$ (63,605,000)
Weighted average common units outstanding, basic and diluted \| shares													4,857,600	4,857,600	4,857,600
Basic and diluted net earnings (loss) per limited partner unit \| $ / shares													$ (18.89)	$ (16.81)	$ (13.09)

Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Income Tax Disclosure [Line Items]
Deferred income tax expense (benefit)	$ 2,000	$ 554,000	$ 143,000
Deferred tax assets	5,000	4,000
Ferrellgas Partners Finance Corp. [Member]
Income Tax Disclosure [Line Items]
Deferred tax assets, operating loss carryforwards		8,032,000
Net operating loss carryforward		38,248,000
Valuation allowance provided for deferred tax asset	8,032,000
Deferred income tax expense (benefit)	0	0	0
Deferred tax assets	0	0
Ferrellgas Finance Corp. [Member]
Income Tax Disclosure [Line Items]
Deferred tax assets, operating loss carryforwards		21,541,000
Net operating loss carryforward		102,578,000
Valuation allowance provided for deferred tax asset	21,541,000
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, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	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, 2021	Jul. 31, 2020	Jul. 31, 2019
Interim Period, Costs Not Allocable [Line Items]
Goodwill, Impairment Loss													$ 0
Revenues	$ 335,126	$ 564,730	$ 553,560	$ 300,894	$ 281,649	$ 412,130	$ 510,833	$ 293,214	$ 279,081	$ 479,625	$ 573,377	$ 352,309	1,754,310	$ 1,497,826	$ 1,684,392
Net income (loss)	(19,216)	(67,435)	63,991	(46,453)					(71,672)	20,760	43,875	(57,508)	(69,113)	(83,002)	(64,545)
Net earnings (loss)	(18,822)	(66,794)	63,267	(46,062)	(69,969)	(15,393)	48,207	(45,344)	(71,037)	20,461	43,344	(57,015)	(68,411)	(82,499)	(64,247)
Limited partner unitholders' interest in net earnings (loss)	$ (34,727)	$ (74,057)	$ 62,634	$ (45,601)	$ (69,269)	$ (15,239)	$ 47,725	$ (44,891)	$ (70,327)	$ 20,256	$ 42,911	$ (56,445)	$ (91,751)	$ (81,674)	$ (63,605)
Basic and diluted net earnings (loss) per limited partner unit	$ (7.15)	$ (15.25)	$ 12.89	$ (9.39)	$ (14.26)	$ (3.14)	$ 9.82	$ (9.24)	$ (14.48)	$ 4.17	$ 8.83	$ (11.62)	$ (18.89)	$ (16.81)	$ (13.09)
Loss on extinguishment of debt	$ (5,100)	$ 109,900				$ 37,400							$ 104,834	$ 37,399	$ 0
Propane and related equipment sales [Member]
Interim Period, Costs Not Allocable [Line Items]
Gross margin from propane and other gas liquids sales (a)	142,187	243,650	$ 257,657	$ 143,422	$ 140,497	215,480	$ 247,404	$ 139,357	$ 127,764	$ 209,167	$ 238,581	$ 130,830
Consolidated Midstream Operations [Member]
Interim Period, Costs Not Allocable [Line Items]
Net income (loss)					(70,605)	(15,471)	48,791	(45,717)
Ferrellgas, L.P. [Member]
Interim Period, Costs Not Allocable [Line Items]
Goodwill, Impairment Loss													0
Revenues	335,126	564,730	553,560	300,894	281,649	412,130	510,833	293,214	279,081	479,625	573,377	352,309	1,754,310	1,497,826	1,684,392
Net income (loss)	(22,968)	(55,473)	71,750	(38,751)	(62,902)	(7,720)	57,756	(36,898)	(62,874)	29,554	52,617	(48,814)	(45,442)	(49,764)	$ (29,517)
Loss on extinguishment of debt		108,000				37,400							$ 107,971	$ 37,399
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)	$ 142,187	$ 243,650	$ 257,657	$ 143,422	$ 140,497	$ 215,480	$ 247,404	$ 139,357	$ 127,764	$ 209,167	$ 238,581	$ 130,830

Subsequent Events (Details) $ / shares in Units, $ in Thousands				12 Months Ended
	Oct. 08, 2021 USD ($) $ / shares	Sep. 14, 2021 USD ($)	Mar. 30, 2021 USD ($)	Jul. 31, 2021 USD ($) item	Jul. 31, 2020 USD ($)	Jul. 31, 2019 USD ($)	Sep. 23, 2021 item	Aug. 31, 2019 item
Subsequent Event [Line Items]
Distributions paid					$ 158	$ 10,229
Class Action Related To Cylinder Fill Level [Member]
Subsequent Event [Line Items]
Number of cases \| item				13				24
Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Debt Instrument, Term			4 years
Line of Credit Facility, Maximum Borrowing Capacity			$ 350,000
Revolving Credit Facility [Member] \| Minimum [Member]
Subsequent Event [Line Items]
Interest coverage ratio			2.50
Subsequent Event [Member]
Subsequent Event [Line Items]
Distributions paid		$ 49,900
Subsequent Event [Member] \| Class Action Related To Cylinder Fill Level [Member]
Subsequent Event [Line Items]
Number of cases \| item							13
Ferrellgas, L.P. [Member]
Subsequent Event [Line Items]
Distributions paid					$ 15,654	$ 41,121
Ferrellgas, L.P. [Member] \| Class Action Related To Cylinder Fill Level [Member]
Subsequent Event [Line Items]
Number of cases \| item				13				24
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Debt Instrument, Term			4 years
Line of Credit Facility, Maximum Borrowing Capacity			$ 350,000	$ 350,000
Ferrellgas, L.P. [Member] \| Revolving Credit Facility [Member] \| Minimum [Member]
Subsequent Event [Line Items]
Interest coverage ratio				2.50
Ferrellgas, L.P. [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Distributions paid		$ 49,900
Ferrellgas, L.P. [Member] \| Subsequent Event [Member] \| Class Action Related To Cylinder Fill Level [Member]
Subsequent Event [Line Items]
Number of cases \| item							13
Ferrellgas Partners LP [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Distributions paid	$ 49,900
Distribution per unit \| $ / shares	$ 38.46

Schedule I Parent Only Statements -Balance Sheets (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Mar. 30, 2021	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2018
Assets [Abstract]
Cash and cash equivalents	$ 281,952		$ 333,761	$ 11,054	$ 119,311
Prepaid expenses and other current assets	39,092		33,098
Total assets	1,729,644		1,668,190
Liabilities and Equity [Abstract]
Current portion of long-term debt	1,670		859,095
Other current liabilities	246,000		167,466
Accrued interest	29,095		53,841
Long-term debt	1,444,890		1,646,396
Partners' capital (deficit)
General partner unitholder	(72,178)		(71,287)
Accumulated other comprehensive income (loss)	88,866		(2,303)
Total Ferrellgas Partners, L.P. partners' deficit	(815,113)		(1,200,042)
Total liabilities, mezzanine and partners' capital (deficit)	$ 1,729,644		$ 1,668,190
Limited partner unitholders, units outstanding		97,152,665
General partner unitholder, units outstanding	49,496		49,496
Class A Limited Partner Units
Partners' capital (deficit)
Limited partner unitholders	$ (1,214,813)		$ (1,126,452)
Limited partner unitholders, units outstanding	4,857,605	4,857,605	4,857,605
Class B Limited Partner Units
Partners' capital (deficit)
Limited partner unitholders	$ 383,012
Limited partner unitholders, units outstanding	1,300,000
Parent Company [Member]
Assets [Abstract]
Cash and cash equivalents	$ 264		$ 6	$ 8	$ 3
Prepaid expenses and other current assets	19		22
Total assets	283		28
Liabilities and Equity [Abstract]
Current portion of long-term debt			357,000
Other current liabilities	17,219		19,305
Investment in Ferrellgas, L.P.	798,177		823,765
Partners' capital (deficit)
General partner unitholder	(72,178)		(71,287)
Accumulated other comprehensive income (loss)	88,866		(2,303)
Total Ferrellgas Partners, L.P. partners' deficit	(815,113)		(1,200,042)
Total liabilities, mezzanine and partners' capital (deficit)	$ 283		$ 28
General partner unitholder, units outstanding	49,496		49,496
Parent Company [Member] \| Class A Limited Partner Units
Partners' capital (deficit)
Limited partner unitholders	$ (1,214,813)		$ (1,126,452)
Limited partner unitholders, units outstanding	4,857,605		4,857,605
Parent Company [Member] \| Class B Limited Partner Units
Partners' capital (deficit)
Limited partner unitholders	$ 383,012
Limited partner unitholders, units outstanding	1,300,000

Schedule I Parent Only Statements - Operations (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Apr. 30, 2020	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Condensed Income Statements, Captions [Line Items]
General and administrative expense										$ 60,065	$ 45,752	$ 59,994
Operating income										216,275	148,670	113,028
Interest expense										(173,616)	(192,962)	(177,619)
Loss on extinguishment of debt	$ 5,100	$ (109,900)			$ (37,400)					(104,834)	(37,399)	0
Other income (expense), net										4,246	(460)	369
Reorganization expense - professional fees										(10,443)
Income tax expense (benefit)										741	851	323
Net earnings (loss)	$ (19,216)	$ (67,435)	$ 63,991	$ (46,453)		$ (71,672)	$ 20,760	$ 43,875	$ (57,508)	(69,113)	(83,002)	(64,545)
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Equity in earnings (loss) of Ferrellgas, L.P.										(44,740)	(49,261)	(29,219)
General and administrative expense										389	116	14
Operating income										(45,129)	(49,377)	(29,233)
Interest expense										(13,771)	(33,073)	(34,984)
Loss on extinguishment of debt										3,137
Other income (expense), net										(2,191)
Reorganization expense - professional fees										(10,443)
Income tax expense (benefit)										14	49	30
Net earnings (loss)										$ (68,411)	$ (82,499)	$ (64,247)

Schedule I Parent Only Statements -Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Apr. 30, 2020	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (19,216)	$ (67,435)	$ 63,991	$ (46,453)		$ (71,672)	$ 20,760	$ 43,875	$ (57,508)	$ (69,113)	$ (83,002)	$ (64,545)
Reconciliation of net earnings to net cash used in operating activities:
Other										8,681	12,583	12,696
Loss on extinguishment of debt	(5,100)	$ 109,900			$ 37,400					104,834	37,399	0
Net cash provided by (used in) operating activities										206,428	130,358	15,075
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired										(6,567)	(10,195)	(13,551)
Net cash used in investing activities										(60,953)	(71,296)	(124,327)
Cash flows from financing activities:
Distributions										0	0	(9,814)
Cash paid for financing costs										(44,290)	(29,458)	(548)
Fees in connection with Class B Unit exchange										(1,988)	0	0
Make-whole payments										(1,964)	0	0
Proceeds from issuance of long-term debt										1,475,000	703,750	0
Payments on long-term debt										(2,120)	(1,994)	(2,428)
Net cash provided by (used in) financing activities										(197,284)	263,645	995
Increase (decrease) in cash and cash equivalents										(51,809)	322,707	(108,257)
Cash and cash equivalents - beginning of year				333,761					119,311	333,761	11,054	119,311
Cash, cash equivalents and restricted cash - end of year	281,952					11,054				281,952	333,761	11,054
Parent Company [Member]
Cash flows from operating activities:
Net income (loss)										(68,411)	(82,499)	(64,247)
Reconciliation of net earnings to net cash used in operating activities:
Other										16,208	17,749	4,141
Loss on extinguishment of debt										(3,137)
Equity in (earnings) loss of Ferrellgas, L.P.										44,740	49,261	29,219
Net cash provided by (used in) operating activities										(10,600)	(15,489)	(30,887)
Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.											15,496	40,706
Loan from Ferrellgas L.P.										14,810
Net cash used in investing activities										14,810	15,496	40,706
Cash flows from financing activities:
Distributions												(9,814)
Cash paid for financing costs											(9)
Fees in connection with Class B Unit exchange										(1,988)
Make-whole payments										(1,964)
Net cash provided by (used in) financing activities										(3,952)	(9)	(9,814)
Increase (decrease) in cash and cash equivalents										258	(2)	5
Cash and cash equivalents - beginning of year				$ 6					$ 3	6	8	3
Cash, cash equivalents and restricted cash - end of year	$ 264					$ 8				$ 264	$ 6	$ 8

Schedule II Valuation And Qualifying Accounts (Details) - USD ($) $ in Thousands			3 Months Ended	12 Months Ended
	Feb. 01, 2021	Jan. 27, 2021	Jan. 31, 2021	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Jamex Marketing LLC [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Note receivable, original principal amount		$ 2,500			$ 18,300
Notes receivable, payment due	$ 1,500	1,500			2,500
Notes receivable, amount reserved				$ 2,500	17,300
Notes receivable, current					12,500
Allowance For Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period				14,124	2,463	$ 2,455
Charged to cost / expenses				2,323	2,279	1,525
Other				809	9,382	(1,517)
Balance at end of period				17,256	14,124	2,463
Allowance For Doubtful Accounts [Member] \| Jamex Marketing LLC [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Other			$ (500)
Ferrellgas, L.P. [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Note receivable, original principal amount				14,810
Ferrellgas, L.P. [Member] \| Jamex Marketing LLC [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Note receivable, original principal amount		2,500			18,300
Notes receivable, payment due	$ 1,500	$ 1,500			2,500
Notes receivable, amount reserved				2,500	17,300
Notes receivable, current					12,500
Ferrellgas, L.P. [Member] \| Allowance For Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period				14,124	2,463	2,455
Charged to cost / expenses				2,323	2,279	1,525
Other				809	9,382	(1,517)
Balance at end of period				$ 17,256	$ 14,124	$ 2,463
Ferrellgas, L.P. [Member] \| Allowance For Doubtful Accounts [Member] \| Jamex Marketing LLC [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Other			$ (500)