Document and Entity Information	3 Months Ended
Document and Entity Information	Oct. 31, 2010	Nov. 30, 2010
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2010
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q1
Entity Registrant Name	FERRELLGAS PARTNERS L P
Entity Central Index Key	0000922358
Current Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
FERRELLGAS PARTNERS, L.P. [Member]
Entity Common Stock, Shares Outstanding		70,826,910
FERRELLGAS PARTNERS FINANCE CORP. [Member]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2010
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q1
Entity Registrant Name	FERRELLGAS PARTNERS FINANCE CORP
Entity Central Index Key	0001012493
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000
FERRELLGAS, L.P. [Member]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2010
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q1
Entity Registrant Name	FERRELLGAS L P
Entity Central Index Key	0000922359
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
FERRELLGAS FINANCE CORP. [Member]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2010
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q1
Entity Registrant Name	FERRELLGAS FINANCE CORP
Entity Central Index Key	0000922360
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	3 Months Ended	12 Months Ended
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Oct. 31, 2010	Jul. 31, 2010
ASSETS
Cash and cash equivalents	$ 9,633,000	$ 11,401,000
Accounts and notes receivable, net (including $122,092 and $0 of accounts receivable pledged as collateral at October 31, 2010 and July 31, 2010, respectively)	167,607,000	89,234,000
Inventories	169,818,000	166,911,000
Prepaid expenses and other current assets	30,121,000	13,842,000
Total current assets	377,179,000	281,388,000
Property, plant and equipment (net of accumulated depreciation of $552,995 and $546,891 at October 31, 2010 and July 31, 2010, respectively)	648,986,000	652,768,000
Goodwill	248,939,000	248,939,000
Intangible assets (net of accumulated amortization of $287,089 and $281,590 at October 31, 2010 and July 31, 2010, respectively)	218,078,000	221,057,000
Other assets, net	37,724,000	38,199,000
Total assets	1,530,906,000	1,442,351,000
LIABILITIES AND PARTNERS' CAPITAL
Accounts payable	71,358,000	48,658,000
Short-term borrowings	90,482,000	67,203,000
Collateralized note payable	66,000,000
Other current liabilities	126,483,000	108,054,000
Total current liabilities	354,323,000	223,915,000
Long-term debt	1,121,904,000	1,111,088,000
Other liabilities	21,421,000	21,446,000
Contingencies and commitments (Note I)
Partners' capital:
Common unitholders	85,295,000	141,281,000
General partner unitholder	(59,210,000)	(58,644,000)
Accumulated other comprehensive income (loss)	3,961,000	(415,000)
Total Ferrellgas Partners, L.P. partners' capital	30,046,000	82,222,000
Noncontrolling interest	3,212,000	3,680,000
Total partners' capital	33,258,000	85,902,000
Total liabilities and partners' capital	1,530,906,000	1,442,351,000
FERRELLGAS PARTNERS FINANCE CORP. [Member]
ASSETS
Cash	969	969
Total assets	969	969
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	6,221	6,131
Accumulated deficit	(6,252)	(6,162)
Total stockholder's equity	969	969
FERRELLGAS, L.P. AND SUBSIDIARIES [Member]
ASSETS
Cash and cash equivalents	9,505,000	11,389,000
Accounts and notes receivable, net (including $122,092 and $0 of accounts receivable pledged as collateral at October 31, 2010 and July 31, 2010, respectively)	167,607,000	89,234,000
Inventories	169,818,000	166,911,000
Prepaid expenses and other current assets	30,126,000	13,832,000
Total current assets	377,056,000	281,366,000
Property, plant and equipment (net of accumulated depreciation of $552,995 and $546,891 at October 31, 2010 and July 31, 2010, respectively)	648,986,000	652,768,000
Goodwill	248,939,000	248,939,000
Intangible assets (net of accumulated amortization of $287,089 and $281,590 at October 31, 2010 and July 31, 2010, respectively)	218,078,000	221,057,000
Other assets, net	31,660,000	32,047,000
Total assets	1,524,719,000	1,436,177,000
LIABILITIES AND PARTNERS' CAPITAL
Accounts payable	71,358,000	48,658,000
Short-term borrowings	90,482,000	67,203,000
Collateralized note payable	66,000,000
Other current liabilities	117,212,000	104,735,000
Total current liabilities	345,052,000	220,596,000
Long-term debt	841,904,000	831,088,000
Other liabilities	21,421,000	21,446,000
Contingencies and commitments (Note I)
Partners' capital:
Common unitholders	309,169,000	359,782,000
General partner unitholder	3,158,000	3,671,000
Accumulated other comprehensive income (loss)	4,015,000	(406,000)
Total Ferrellgas Partners, L.P. partners' capital	316,342,000	363,047,000
Total liabilities and partners' capital	1,524,719,000	1,436,177,000
FERRELLGAS FINANCE CORP. [Member]
ASSETS
Cash	1,100	1,100
Total assets	1,100	1,100
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	30,269	27,219
Accumulated deficit	(30,169)	(27,119)
Total stockholder's equity	$ 1,100	$ 1,100

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (USD $) In Thousands, except Share data, unless otherwise specified	Oct. 31, 2010	Jul. 31, 2010
FERRELLGAS PARTNERS, L.P. [Member]
Accounts receivable pledged as collateral	$ 122,092
Accumulated depreciation	552,995	546,891
Accumulated amortization	287,089	281,590
Common unitholders, units outstanding	69,611,843	69,521,818
General partner unitholder, units outstanding	703,150	702,241
FERRELLGAS PARTNERS FINANCE CORP. [Member]
Common stock, par value	$ 1	$ 1
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. AND SUBSIDIARIES [Member]
Accounts receivable pledged as collateral	122,092
Accumulated depreciation	552,995	546,891
Accumulated amortization	$ 287,089	$ 281,590
FERRELLGAS FINANCE CORP. [Member]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)	3 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)	Oct. 31, 2010	Oct. 31, 2009
Revenues:
Propane and other gas liquids sales	$ 368,623,000	$ 327,666,000
Other	31,569,000	24,404,000
Total revenues	400,192,000	352,070,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	256,486,000	200,920,000
Cost of product sold - other	12,858,000	6,180,000
Operating expense	95,396,000	96,890,000
Depreciation and amortization expense	20,375,000	20,527,000
General and administrative expense	11,264,000	13,778,000
Equipment lease expense	3,649,000	3,774,000
Employee stock ownership plan compensation charge	2,444,000	2,002,000
Loss (gain) on disposal of assets and other	(232,000)	1,662,000
Operating income (loss)	(2,048,000)	6,337,000
Interest expense	(26,877,000)	(22,695,000)
Loss on extinguishment of debt		(17,308,000)
Other income (expense), net	178,000	307,000
Loss before income taxes	(28,747,000)	(33,359,000)
Income tax benefit	(482,000)	(422,000)
Net loss	(28,265,000)	(32,937,000)
Net loss attributable to noncontrolling interest	(222,000)	(272,000)
Net loss attributable to Ferrellgas Partners, L.P.	(28,043,000)	(32,665,000)
Less: General partner's interest in net loss	(280,000)	(327,000)
Common unitholders' interest in net loss	(27,763,000)	(32,338,000)
Basic and diluted net loss per common unitholders' interest	$ (0.4)	$ (0.47)
Cash distributions declared per common unit	$ 0.5	$ 0.5
FERRELLGAS PARTNERS FINANCE CORP. [Member]
Costs and expenses:
General and administrative expense	90	197
Net loss	(90)	(197)
FERRELLGAS, L.P. AND SUBSIDIARIES [Member]
Revenues:
Propane and other gas liquids sales	368,623,000	327,666,000
Other	31,569,000	24,404,000
Total revenues	400,192,000	352,070,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	256,486,000	200,920,000
Cost of product sold - other	12,858,000	6,180,000
Operating expense	95,327,000	96,766,000
Depreciation and amortization expense	20,375,000	20,527,000
General and administrative expense	11,264,000	13,778,000
Equipment lease expense	3,649,000	3,774,000
Employee stock ownership plan compensation charge	2,444,000	2,002,000
Loss (gain) on disposal of assets and other	(232,000)	1,662,000
Operating income (loss)	(1,979,000)	6,461,000
Interest expense	(20,680,000)	(16,769,000)
Loss on extinguishment of debt		(17,308,000)
Other income (expense), net	178,000	307,000
Loss before income taxes	(22,481,000)	(27,309,000)
Income tax benefit	(482,000)	(422,000)
Net loss	(21,999,000)	(26,887,000)
FERRELLGAS FINANCE CORP. [Member]
Costs and expenses:
General and administrative expense	3,050	3,152
Net loss	$ (3,050)	$ (3,152)

CONDENSED CONSOLIDATED STATEMENTS OF PARTNERS' CAPITAL (USD $)	Total	Risk management [Member]	Currency translation adjustments [Member]	Pension liability [Member]	Total Ferrellgas Partners, L.P partners' capital [Member]	Noncontrolling interest [Member]	Common unitholders [Member]	General partner unitholder [Member]	FERRELLGAS, L.P. AND SUBSIDIARIES [Member]	FERRELLGAS, L.P. AND SUBSIDIARIES [Member] Risk management [Member]	FERRELLGAS, L.P. AND SUBSIDIARIES [Member] Currency translation adjustments [Member]	FERRELLGAS, L.P. AND SUBSIDIARIES [Member] Pension liability [Member]	FERRELLGAS, L.P. AND SUBSIDIARIES [Member] Common unitholders [Member]	FERRELLGAS, L.P. AND SUBSIDIARIES [Member] General partner unitholder [Member]
Shares at Jul. 31, 2009							68,236,800	689,300
Value at Jul. 31, 2009	$ 151,345,000	$ (989,000)	$ 22,000	$ (227,000)	$ 147,073,000	$ 4,272,000	$ 206,255,000	$ (57,988,000)
Contributions in connection with ESOP and stock-based compensation charges	4,753,000				4,705,000	48,000	4,658,000	47,000
Distribution	(34,815,000)				(34,463,000)	(352,000)	(34,118,000)	(345,000)	(34,815,000)
Common units issued in connection with acquisition - shares							155,100	1,500
Common units issued in connection with acquisition	3,123,000				3,092,000	31,000	3,061,000	31,000
Common units issued in offering, net of issuance costs - shares							1,058,400	10,700
Common units issued in offering, net of issuance costs	20,388,000				20,184,000	204,000	19,982,000	202,000
Comprehensive income (loss):
Net loss	(32,937,000)				(32,665,000)	(272,000)	(32,338,000)	(327,000)
Net loss									(26,887,000)
Other comprehensive income (loss):
Net earnings on risk management derivatives		7,011,000				72,000
Reclassification of derivatives to earnings		(69,000)				(1,000)
Foreign currency translation adjustment	7,014,000		1,000		6,943,000
Comprehensive loss	(25,923,000)				(25,722,000)	(201,000)
Shares at Oct. 31, 2009							69,450,300	701,500
Value at Oct. 31, 2009	118,871,000	5,953,000	23,000	(227,000)	114,869,000	4,002,000	167,500,000	(58,380,000)
Shares at Jul. 31, 2010							69,521,800	702,200
Value at Jul. 31, 2010	85,902,000	(166,000)	24,000	(273,000)	82,222,000	3,680,000	141,281,000	(58,644,000)	363,047,000	(157,000)	24,000	(273,000)	359,782,000	3,671,000
Contributions in connection with ESOP and stock-based compensation charges	3,457,000				3,422,000	35,000	3,388,000	34,000	3,457,000				3,422,000	35,000
Distribution	(35,484,000)				(35,125,000)	(359,000)	(34,774,000)	(351,000)	(35,484,000)				(35,125,000)	(359,000)
Common units issued in connection with acquisition - shares							63,500	600
Common units issued in connection with acquisition	1,658,000				1,641,000	17,000	1,625,000	16,000	1,645,000				1,625,000	20,000
Common unit options issued - shares							26,500	300
Common unit options issued	314,000				311,000	3,000	308,000	3,000
Comprehensive income (loss):
Net loss	(28,265,000)				(28,043,000)	(222,000)	(27,763,000)	(280,000)
Net loss									(21,999,000)				(21,777,000)	(222,000)
Cumulative effect of change in accounting principle	1,255,000				1,242,000	13,000	1,230,000	12,000	1,255,000				1,242,000	13,000
Other comprehensive income (loss):
Net earnings on risk management derivatives		4,951,000				51,000				5,002,000
Reclassification of derivatives to earnings		(577,000)				(6,000)				(583,000)
Foreign currency translation adjustment	4,421,000		2,000		4,376,000				4,421,000		2,000
Comprehensive loss	(22,589,000)				(22,425,000)	(164,000)			(16,323,000)
Shares at Oct. 31, 2010							69,611,800	703,100
Value at Oct. 31, 2010	$ 33,258,000	$ 4,208,000	$ 26,000	$ (273,000)	$ 30,046,000	$ 3,212,000	$ 85,295,000	$ (59,210,000)	$ 316,342,000	$ 4,262,000	$ 26,000	$ (273,000)	$ 309,169,000	$ 3,158,000

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Oct. 31, 2010	Oct. 31, 2009
Cash flows from operating activities:
Net loss	$ (28,265,000)	$ (32,937,000)
Reconciliation of net loss to net cash used in operating activities:
Depreciation and amortization expense	20,375,000	20,527,000
Employee stock ownership plan compensation charge	2,444,000	2,002,000
Unit and stock-based compensation charge	1,013,000	2,751,000
Loss (gain) on disposal of assets	(232,000)	876,000
Loss on transfer of accounts receivable related to the accounts receivable securitization		1,760,000
Provision for doubtful accounts	1,978,000	1,909,000
Deferred tax expense	112,000	190,000
Other	2,719,000	604,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(32,573,000)	(23,612,000)
Inventories	(2,907,000)	(28,360,000)
Prepaid expenses and other current assets	(13,660,000)	(10,434,000)
Accounts payable	22,779,000	30,236,000
Accrued interest expense	6,836,000	8,324,000
Other current liabilities	12,827,000	3,055,000
Other liabilities	10,000	126,000
Accounts receivable securitization:
Proceeds from new accounts receivable securitizations		15,000,000
Proceeds from collections reinvested in revolving period accounts receivable securitizations		226,525,000
Remittances of amounts collected as servicer of accounts receivable securitizations		(230,525,000)
Net cash used in operating activities	(6,544,000)	(11,983,000)
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(1,770,000)	(36,293,000)
Capital expenditures	(11,565,000)	(18,100,000)
Proceeds from sale of assets	2,078,000	1,933,000
Other		(826,000)
Net cash used in investing activities	(11,257,000)	(53,286,000)
Cash flows from financing activities:
Distributions	(35,125,000)	(34,463,000)
Distributions	(35,484,000)	(34,815,000)
Proceeds from increase in long-term debt	10,020,000	590,480,000
Reductions in long-term debt	(934,000)	(541,441,000)
Net additions to short-term borrowings	23,279,000	40,896,000
Net additions to collateralized short-term borrowings	19,000,000
Cash paid for financing costs	(164,000)	(7,129,000)
Noncontrolling interest activity	(359,000)	(148,000)
Proceeds from exercise of common unit options	308,000
Proceeds from equity offering, net of issuance costs		19,982,000
Cash contribution from general partner in connection with common unit issuances	6,000	202,000
Net cash provided by financing activities	16,031,000	68,379,000
Effect of exchange rate changes on cash	2,000	1,000
Increase (decrease) in cash and cash equivalents	(1,768,000)	3,111,000
Cash and cash equivalents - beginning of period	11,401,000	7,066,000
Cash and cash equivalents - end of period	9,633,000	10,177,000
FERRELLGAS PARTNERS FINANCE CORP. [Member]
Cash flows from operating activities:
Net loss	(90)	(197)
Accounts receivable securitization:
Net cash used in operating activities	(90)	(197)
Cash flows from financing activities:
Capital contribution	90	197
Net cash provided by financing activities	90	197
Increase (decrease) in cash and cash equivalents	0	0
Cash - beginning of period	969	1,000
Cash - end of period	969	1,000
FERRELLGAS, L.P. AND SUBSIDIARIES [Member]
Cash flows from operating activities:
Net loss	(21,999,000)	(26,887,000)
Reconciliation of net loss to net cash used in operating activities:
Depreciation and amortization expense	20,375,000	20,527,000
Employee stock ownership plan compensation charge	2,444,000	2,002,000
Unit and stock-based compensation charge	1,013,000	2,751,000
Loss (gain) on disposal of assets	(232,000)	876,000
Loss on transfer of accounts receivable related to the accounts receivable securitization		1,760,000
Provision for doubtful accounts	1,978,000	1,909,000
Deferred tax expense	112,000	190,000
Other	2,568,000	540,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(32,573,000)	(23,612,000)
Inventories	(2,907,000)	(28,360,000)
Prepaid expenses and other current assets	(13,675,000)	(10,433,000)
Accounts payable	22,779,000	30,236,000
Accrued interest expense	799,000	2,461,000
Other current liabilities	12,824,000	2,992,000
Other liabilities	10,000	126,000
Accounts receivable securitization:
Proceeds from new accounts receivable securitizations		15,000,000
Proceeds from collections reinvested in revolving period accounts receivable securitizations		226,525,000
Remittances of amounts collected as servicer of accounts receivable securitizations		(230,525,000)
Net cash used in operating activities	(6,484,000)	(11,922,000)
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(1,786,000)	(36,324,000)
Capital expenditures	(11,565,000)	(18,100,000)
Proceeds from sale of assets	2,078,000	1,933,000
Other		(826,000)
Net cash used in investing activities	(11,273,000)	(53,317,000)
Cash flows from financing activities:
Distributions	(35,484,000)	(34,815,000)
Contributions from partners	3,000	20,204,000
Proceeds from increase in long-term debt	10,020,000	590,480,000
Reductions in long-term debt	(934,000)	(541,441,000)
Net additions to short-term borrowings	23,279,000	40,896,000
Net additions to collateralized short-term borrowings	19,000,000
Cash paid for financing costs	(13,000)	(7,129,000)
Net cash provided by financing activities	15,871,000	68,195,000
Effect of exchange rate changes on cash	2,000	1,000
Increase (decrease) in cash and cash equivalents	(1,884,000)	2,957,000
Cash and cash equivalents - beginning of period	11,389,000	7,050,000
Cash and cash equivalents - end of period	9,505,000	10,007,000
FERRELLGAS FINANCE CORP. [Member]
Cash flows from operating activities:
Net loss	(3,050)	(3,152)
Accounts receivable securitization:
Net cash used in operating activities	(3,050)	(3,152)
Cash flows from financing activities:
Capital contribution	3,050	3,152
Net cash provided by financing activities	3,050	3,152
Increase (decrease) in cash and cash equivalents	0	0
Cash - beginning of period	1,100	1,100
Cash - end of period	$ 1,100	$ 1,100

Partnership organization and formation	3 Months Ended
Partnership organization and formation	Oct. 31, 2010
Partnership organization and formation	A. Partnership organization and formation Ferrellgas Partners, L.P. ("Ferrellgas Partners") is a publicly traded limited partnership, owning an approximate 99% limited partner interest in Ferrellgas, L.P. (the "operating partnership"). Ferrellgas Partners and the operating partnership are collectively referred to as "Ferrellgas." Ferrellgas, Inc. (the "general partner"), a wholly-owned subsidiary of Ferrell Companies, Inc. ("Ferrell Companies"), has retained a 1% general partner interest in Ferrellgas Partners and also holds an approximate 1% general partner interest in the operating partnership, representing an effective 2% general partner interest in Ferrellgas on a combined basis. As general partner, it performs all management functions required by Ferrellgas. At October 31, 2010, Ferrell Companies beneficially owned 20.3 million of Ferrellgas Partners' outstanding common units. The condensed consolidated financial statements of Ferrellgas reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. All adjustments to the condensed consolidated financial statements were of a normal, recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" and (ii) the consolidated financial statements and accompanying notes, each as set forth in Ferrellgas' Annual Report on Form 10-K for fiscal 2010.
FERRELLGAS PARTNERS FINANCE CORP. [Member]
Partnership 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 (the "Partnership"). The condensed financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the interim periods presented. All adjustments to the condensed financial statements were of a normal, recurring nature. The Finance Corp. has nominal assets, does not conduct any operations, has no employees and serves as co-issuer and co-obligor for debt securities of the Partnership.
FERRELLGAS, L.P. AND SUBSIDIARIES [Member]
Partnership organization and formation	A. Partnership organization and formation Ferrellgas, L.P. is a limited partnership that owns and operates propane distribution and related assets. Ferrellgas Partners, L.P. ("Ferrellgas Partners"), a publicly traded limited partnership, owns an approximate 99% limited partner interest in, and consolidates, Ferrellgas, L.P. Ferrellgas, Inc. (the "general partner"), a wholly-owned subsidiary of Ferrell Companies, Inc. ("Ferrell Companies"), holds an approximate 1% general partner interest in Ferrellgas, L.P. and performs all management functions required by Ferrellgas, L.P. Ferrellgas, L.P. owns a 100% equity interest in Ferrellgas Finance Corp., whose only business activity is to act as the co-issuer and co-obligor of any debt issued by Ferrellgas, L.P. The condensed consolidated financial statements of Ferrellgas, L.P. and subsidiaries reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim periods presented. All adjustments to the condensed consolidated financial statements were of a normal, recurring nature. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with (i) the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" and (ii) the consolidated financial statements and accompanying notes, each as set forth in Ferrellgas, L.P.'s Annual Report on Form 10-K for fiscal 2010.
FERRELLGAS FINANCE CORP. [Member]
Partnership 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 condensed financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the interim periods presented. All adjustments to the condensed financial statements were of a normal, recurring nature. The Finance Corp. has nominal assets, does not conduct any operations, has no employees and serves as co-issuer and co-obligor for debt securities of the Partnership.

- Definition

Describes an entity's accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. An entity also may describe its accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References+ Details

Summary of significant accounting policies

3 Months Ended

Oct. 31, 2010

Summary of significant accounting policies

B. Summary of significant accounting policies

(1) Nature of operations:

Ferrellgas Partners is a holding entity that conducts no operations and has two subsidiaries, Ferrellgas Partners Finance Corp. and 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 issued by Ferrellgas Partners. The operating partnership is the only operating subsidiary of Ferrellgas Partners.

The operating partnership is engaged primarily in the distribution of propane and related equipment and supplies in the United States. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Therefore, the results of operations for the three months ended October 31, 2010 and 2009 are not necessarily indicative of the results to be expected for a full fiscal year. The operating partnership serves approximately one million residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia and Puerto Rico.

(2) 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 condensed 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 assets, residual values of tanks, capitalization of customer tank installation costs, amortization methods of intangible assets, valuation methods used to value sales returns and allowances, allowance for doubtful accounts, financial derivative contracts and stock and unit-based compensation calculations.

(3) Supplemental cash flow information:

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

	For the three months ended October 31,
	2010		2009
CASH PAID FOR:
Interest	$	17,065	$	12,481
Income taxes	—		—
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	1,625		3,061
Issuance of liabilities in connection with acquisitions	538		5,494
Property, plant and equipment additions	474		619

See Note B — Summary of significant accounting policies - (5) New accounting standards — Transfers of financial assets and variable interest entities — below for a discussion of the non-cash impact of the adoption of new accounting standards during the current year period.

(4) Accounts receivable securitization:

Through its wholly-owned and consolidated subsidiary Ferrellgas Receivables, LLC ("Ferrellgas Receivables"), the operating partnership has agreements to securitize, on an ongoing basis, a portion of its trade accounts receivable. See Note B — Summary of significant accounting policies - (5) New accounting standards — Transfers of financial assets and variable interest entities — below regarding a new accounting standard for financial asset transfers that was effective August 1, 2010.

(5) New accounting standards:

Transfers of financial assets and variable interest entities

In June 2009, the Financial Accounting Standards Board ("FASB") issued two amendments to existing GAAP, one of which eliminates the concept of a qualifying special-purpose-entity (QSPEs). The second amends guidance applicable to variable interest entities (VIEs). The provisions of these amendments require Ferrellgas to evaluate all VIE's to determine whether they must be consolidated.

As a result of the prospective adoption of these amendments on August 1, 2010, Ferrellgas Receivables is now accounted for as a consolidated subsidiary. Upon adoption, Ferrellgas recognized $107.9 million of "Accounts receivable pledged as collateral, net," $0.6 million of "Other assets, net" and $47.0 million of "Collateralized notes payable," derecognized $44.9 million of "Notes receivable from Ferrellgas Receivables" and $15.3 million of "Retained interest in Ferrellgas Receivables" and recorded a $1.3 million "Cumulative effect of a change in accounting principle."

Subsequent to adoption, expenses associated with these transactions are now recorded in "Interest expense" and are no longer recorded in "Loss on transfer of accounts receivable related to the accounts receivable securitization" or "Service income related to the accounts receivable securitization" in the condensed consolidated statements of earnings. Additionally, borrowings and repayments associated with these transactions are now recorded in "Cash flows from financing activities" and no longer recorded in "Cash flows from operating activities" in the condensed consolidated statements of cash flows. The adoption of these amendments did not have a significant impact on Ferrellgas' debt covenant agreements.

FERRELLGAS, L.P. AND SUBSIDIARIES [Member]

Summary of significant accounting policies

B. Summary of significant accounting policies

(1) Nature of operations:

Ferrellgas, L.P. is engaged primarily in the distribution of propane and related equipment and supplies in the United States. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. Therefore, the results of operations for the three months ended October 31, 2010 and 2009 are not necessarily indicative of the results to be expected for a full fiscal year. Ferrellgas, L.P. serves approximately one million residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers in all 50 states, the District of Columbia and Puerto Rico.

(2) Accounting estimates:

(3) Supplemental cash flow information:

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

	For the three months ended October 31,
	2010		2009
CASH PAID FOR:
Interest	$	17,065	$	12,481
Income taxes	—		—
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with acquisitions	1,625		3,061
Issuance of liabilities in connection with acquisitions	538		5,494
Property, plant and equipment additions	474		619

(4) Accounts receivable securitization:

Through its wholly-owned and consolidated subsidiary Ferrellgas Receivables, LLC ("Ferrellgas Receivables"), Ferrellgas, L.P. has agreements to securitize, on an ongoing basis, a portion of its trade accounts receivable. See Note B — Summary of significant accounting policies - (5) New accounting standards — Transfers of financial assets and variable interest entities — below regarding a new accounting standard for financial asset transfers that was effective August 1, 2010.

(5) New accounting standards:

Transfers of financial assets and variable interest entities

In June 2009, the Financial Accounting Standards Board ("FASB") issued two amendments to existing GAAP, one of which eliminates the concept of a qualifying special-purpose-entity (QSPEs). The second amends guidance applicable to variable interest entities (VIEs). The provisions of these amendments require Ferrellgas, L.P. to evaluate all VIE's to determine whether they must be consolidated.

As a result of the prospective adoption of these amendments on August 1, 2010, Ferrellgas Receivables is now accounted for as a consolidated subsidiary. Upon adoption, Ferrellgas, L.P. recognized $107.9 million of "Accounts receivable pledged as collateral, net," $0.6 million of "Other assets, net" and $47.0 million of "Collateralized notes payable," derecognized $44.9 million of "Notes receivable from Ferrellgas Receivables" and $15.3 million of "Retained interest in Ferrellgas Receivables" and recorded a $1.3 million "Cumulative effect of a change in accounting principle."

Supplemental financial statement information

3 Months Ended

Oct. 31, 2010

Supplemental financial statement information

C. Supplemental financial statement information

Inventories consist of the following:

	October 31,		July 31,
	2010		2010
Propane gas and related products	$	149,017	$	146,805
Appliances, parts and supplies	20,801		20,106
Inventories	$	169,818	$	166,911

In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of October 31, 2010, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 106.5 million net gallons of propane at fixed prices.

Other current liabilities consist of the following:

	October 31,		July 31,
	2010		2010
Accrued interest	$	27,248	$	20,412
Accrued payroll	10,171		20,464
Customer deposits and advances	36,003		23,280
Other	53,061		43,898
Other current liabilities	$	126,483	$	108,054

Loss (gain) on disposal of assets and other consists of the following:

	For the three months ended October 31,
	2010			2009
Loss (gain) on disposal of assets	$	(232	)	$	876
Loss on transfer of accounts receivable related to the accounts receivable securitization	—			1,760
Service income related to the accounts receivable securitization	—			(974		)
Loss (gain) on disposal of assets and other	$	(232	)	$	1,662

See Note B — Summary of significant accounting policies - (5) New accounting standards — Transfers of financial assets and variable interest entities — for a discussion of changes in accounting for accounts receivable securitization transactions.

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

	For the three months ended October 31,
	2010		2009
Operating expense	$	42,284	$	43,781
Depreciation and amortization expense	1,481		1,303
Equipment lease expense	3,361		3,863
	$	47,126	$	48,947

FERRELLGAS, L.P. AND SUBSIDIARIES [Member]

Supplemental financial statement information

C. Supplemental financial statement information

Inventories consist of the following:

	October 31,		July 31,
	2010		2010
Propane gas and related products	$	149,017	$	146,805
Appliances, parts and supplies	20,801		20,106
Inventories	$	169,818	$	166,911

In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of October 31, 2010, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 106.5 million net gallons of propane at fixed prices.

Other current liabilities consist of the following:

	October 31,		July 31,
	2010		2010
Accrued interest	$	18,123	$	17,324
Accrued payroll	10,171		20,464
Customer deposits and advances	36,003		23,280
Other	52,915		43,667
Other current liabilities	$	117,212	$	104,735

Loss (gain) on disposal of assets and other consists of the following:

	For the three months ended October 31,
	2010			2009
Loss (gain) on disposal of assets	$	(232	)	$	876
Loss on transfer of accounts receivable related to the accounts receivable securitization	—			1,760
Service income related to the accounts receivable securitization	—			(974		)
Loss (gain) on disposal of assets and other	$	(232	)	$	1,662

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

	For the three months ended October 31,
	2010		2009
Operating expense	$	42,284	$	43,781
Depreciation and amortization expense	1,481		1,303
Equipment lease expense	3,361		3,863
	$	47,126	$	48,947

Accounts and notes receivable, net and accounts receivable securitization

3 Months Ended

Oct. 31, 2010

Accounts and notes receivable, net and accounts receivable securitization

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

Accounts and notes receivable, net consist of the following:

	October 31,			July 31,
	2010			2010
Accounts receivable pledged as collateral	$	122,092		$	—
Accounts receivable	51,243			33,725
Note receivable from Ferrellgas Receivables	—			44,927
Retained interest in Ferrellgas Receivables	—			15,323
Other	260			269
Less: Allowance for doubtful accounts	(5,988		)	(5,010		)
Accounts and notes receivable, net	$	167,607		$	89,234

See Note B — Summary of significant accounting policies - (5) New accounting standards - Transfers of financial assets and variable interest entities - for a discussion of amendments to existing GAAP which required Ferrellgas to begin consolidating its previously unconsolidated QSPE, Ferrellgas Receivables, effective August 1, 2010. Upon consolidation, Ferrellgas now recognizes accounts receivable that have been sold by the operating partnership to Ferrellgas Receivables as "Accounts receivable pledged as collateral" and eliminates the previously recognized "Note receivable from Ferrellgas Receivables" and "Retained interest in Ferrellgas Receivables."

The operating partnership, through Ferrellgas Receivables, securitizes a portion of its trade accounts receivable through a commercial paper conduit for proceeds of up to $145.0 million. At October 31, 2010, $122.1 million of trade accounts receivable were pledged as collateral against $66.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from the operating partnership. The operating partnership does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

The operating partnership structured Ferrellgas Receivables in order to facilitate securitization transactions while complying with Ferrellgas' various debt covenants. If the covenants were compromised, funding from the facility could be restricted or suspended, or its costs could increase. As of October 31, 2010, the operating partnership had received proceeds from trade accounts receivables securitized of $66.0 million with the ability to receive proceeds of an additional $6.0 million.

FERRELLGAS, L.P. AND SUBSIDIARIES [Member]

Accounts and notes receivable, net and accounts receivable securitization

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

Accounts and notes receivable, net consist of the following:

	October 31,			July 31,
	2010			2010
Accounts receivable pledged as collateral	$	122,092		$	—
Accounts receivable	51,243			33,725
Note receivable from Ferrellgas Receivables	—			44,927
Retained interest in Ferrellgas Receivables	—			15,323
Other	260			269
Less: Allowance for doubtful accounts	(5,988		)	(5,010		)
Accounts and notes receivable, net	$	167,607		$	89,234

See Note B — Summary of significant accounting policies - (5) New accounting standards - Transfers of financial assets and variable interest entities - for a discussion of amendments to existing GAAP which required Ferrellgas, L.P. to begin consolidating its previously unconsolidated QSPE, Ferrellgas Receivables, effective August 1, 2010. Upon consolidation, Ferrellgas, L.P. now recognizes accounts receivable that have been sold to Ferrellgas Receivables as "Accounts receivable pledged as collateral" and eliminates the previously recognized "Note receivable from Ferrellgas Receivables" and "Retained interest in Ferrellgas Receivables."

Ferrellgas, L.P., through Ferrellgas Receivables, securitizes a portion of its trade accounts receivable through a commercial paper conduit for proceeds of up to $145.0 million. At October 31, 2010, $122.1 million of trade accounts receivable were pledged as collateral against $66.0 million of collateralized notes payable due to the commercial paper conduit. These accounts receivable pledged as collateral are bankruptcy remote from Ferrellgas, L.P. Ferrellgas, L.P. does not provide any guarantee or similar support to the collectability of these accounts receivable pledged as collateral.

Ferrellgas, L.P. structured Ferrellgas Receivables in order to facilitate securitization transactions while complying with Ferrellgas, L.P.'s various debt covenants. If the covenants were compromised, funding from the facility could be restricted or suspended, or its costs could increase. As of October 31, 2010, Ferrellgas, L.P. had received proceeds from trade accounts receivables securitized of $66.0 million with the ability to receive proceeds of an additional $6.0 million.

Debt

3 Months Ended

Oct. 31, 2010

Debt

E. Debt

Short-term borrowings

Ferrellgas classified a portion of its credit facility borrowings as short-term because it was used to fund working capital needs that management had intended to pay down within the 12 month period following each balance sheet date. As of October 31, 2010 and July 31, 2010, $90.5 million and $67.2 million, respectively, were classified as short-term borrowings. For further discussion see the secured credit facility section below.

Long-term debt

Long-term debt consists of the following:

	October 31,		July 31,
	2010		2010
Senior notes
Fixed rate, 6.75% due 2014, net of unamortized discount of $20,781 and $21,974 at October 31, 2010 and July 31, 2010, respectively	$	429,219	$	428,026
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,774 and $3,870 at October 31, 2010 and July 31, 2010, respectively	296,226		296,130
Fixed rate, 8.625%, due 2020	280,000		280,000

Secured credit facility, variable interest rate, expiring 2012 (net of $90.5 million and $67.2 million classified as short-term borrowings at October 31, 2010 and July 31, 2010, respectively)	109,818		99,797

Notes payable, 9.4% and 9.5% weighted average interest rate at October 31, 2010 and July 31, 2010, respectively, due 2011 to 2016, net of unamortized discount of $2,863 and $2,876 at October 31, 2010 and July 31, 2010, respectively	9,282		9,475
	1,124,545		1,113,428
Less: current portion, included in other current liabilities on the condensed consolidated balance sheets	2,641		2,340
Long-term debt	$	1,121,904	$	1,111,088

Senior notes

See Note K — Subsequent events for discussion of a new long term debt issuance.

Secured credit facility

Ferrellgas' secured credit facility provides $400.0 million in revolving credit for loans and has a $200.0 million sublimit for letters of credit. This credit facility matures in November 2012.

The credit facility contains various affirmative and negative covenants and default provisions, as well as requirements with respect to the maintenance of specified financial ratios and limitations on the making of loans and investments.

As of October 31, 2010, Ferrellgas had total borrowings outstanding under its credit facility of $200.3 million, of which $109.8 million was classified as long-term debt. As of July 31, 2010, Ferrellgas had total borrowings outstanding under its credit facility of $167.0 million, of which $99.8 million was classified as long-term debt.

Borrowings under the credit facility had a weighted average interest rate of 4.31% at October 31, 2010. All borrowings under the credit facility bear interest, at Ferrellgas' option, at a rate equal to either:

· for Base Rate Loans or Swing Line Loans, the Base Rate, which is defined as the higher of i) the federal funds rate plus 0.50%, ii) Bank of America's prime rate; or iii) the Eurodollar Rate plus 1%; plus a margin varying from 2.50% to 3.25% (as of October 31, 2010, the margin was 2.75%); or

· for Eurodollar Rate Loans, the Eurodollar Rate, which is defined as the LIBOR Rate plus a margin varying from 3.50% to 4.25% (as of October 31, 2010, the margin was 3.75%).

As of October 31, 2010, the federal funds rate and Bank of America's prime rate were 0.20% and 3.25%, respectively. As of October 31, 2010, the one-month and three-month Eurodollar Rates were 0.33% and 0.40%, respectively.

In addition, an annual commitment fee is payable at a per annum rate of 0.50% times the actual daily amount by which the facility exceeds the sum of (i) the outstanding amount of revolving credit loans and (ii) the outstanding amount of letter of credit obligations.

The obligations under this credit facility are secured by substantially all assets of the operating partnership, the general partner and certain subsidiaries of the operating partnership but specifically excluding (a) assets that are subject to the operating partnership's accounts receivable securitization facility, (b) the general partner's equity interest in Ferrellgas Partners and (c) equity interest in certain unrestricted subsidiaries. Such obligations are also guaranteed by the general partner and certain subsidiaries of the operating partnership.

Letters of credit outstanding at October 31, 2010 totaled $49.9 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. Letters of credit outstanding at July 31, 2010 totaled $47.1 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. At October 31, 2010, Ferrellgas had available letter of credit remaining capacity of $149.8 million. At July 31, 2010, Ferrellgas had available letter of credit remaining capacity of $152.9 million.

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

For the year ended July 31,	Scheduled annual principal payments
2011	$	31,405
2012	2,394
2013	32,101
2014	1,747
2015	1,760
Thereafter	1,082,556
Total	$	1,151,963

See Note K — Subsequent events for discussion about the effect of equity and debt issuances and senior note and credit facility repayments after October 31, 2010 on scheduled annual principal payments.

FERRELLGAS, L.P. AND SUBSIDIARIES [Member]

Debt

E. Debt

Short-term borrowings

Ferrellgas, L.P. classified a portion of its credit facility borrowings as short-term because it was used to fund working capital needs that management had intended to pay down within the 12 month period following each balance sheet date. As of October 31, 2010 and July 31, 2010, $90.5 million and $67.2 million, respectively, were classified as short-term borrowings. For further discussion see the secured credit facility section below.

Long-term debt

Long-term debt consists of the following:

	October 31,		July 31,
	2010		2010
Senior notes
Fixed rate, 6.75% due 2014, net of unamortized discount of $20,781 and $21,974 at October 31, 2010 and July 31, 2010, respectively	$	429,219	$	428,026
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,774 and $3,870 at October 31, 2010 and July 31, 2010, respectively	296,226		296,130

Secured credit facility, variable interest rate, expiring 2012 (net of $90.5 million and $67.2 million classified as short-term borrowings at October 31, 2010 and July 31, 2010, respectively)	109,818		99,797

Notes payable, 9.4% and 9.5% weighted average interest rate at October 31, 2010 and July 31, 2010, respectively, due 2011 to 2016, net of unamortized discount of $2,863 and $2,876 at October 31, 2010 and July 31, 2010, respectively	9,282		9,475
	844,545		833,428
Less: current portion, included in other current liabilities on the condensed consolidated balance sheets	2,641		2,340
Long-term debt	$	841,904	$	831,088

Senior notes

See Note J — Subsequent events for discussion of a new long term debt issuance.

Secured credit facility

Ferrellgas, L.P.'s secured credit facility provides $400.0 million in revolving credit for loans and has a $200.0 million sublimit for letters of credit. This credit facility matures in November 2012.

As of October 31, 2010, Ferrellgas, L.P. had total borrowings outstanding under its credit facility of $200.3 million, of which $109.8 million was classified as long-term debt. As of July 31, 2010, Ferrellgas, L.P. had total borrowings outstanding under its credit facility of $167.0 million, of which $99.8 million was classified as long-term debt.

Borrowings under the credit facility had a weighted average interest rate of 4.31% at October 31, 2010. All borrowings under the credit facility bear interest, at Ferrellgas, L.P.'s option, at a rate equal to either:

· for Eurodollar Rate Loans, the Eurodollar Rate, which is defined as the LIBOR Rate plus a margin varying from 3.50% to 4.25% (as of October 31, 2010, the margin was 3.75%).

The obligations under this credit facility are secured by substantially all assets of Ferrellgas, L.P., the general partner and certain subsidiaries of Ferrellgas, L.P. but specifically excluding (a) assets that are subject to Ferrellgas, L.P.'s accounts receivable securitization facility, (b) the general partner's equity interest in Ferrellgas Partners and (c) equity interest in certain unrestricted subsidiaries. Such obligations are also guaranteed by the general partner and certain subsidiaries of Ferrellgas, L.P.

Letters of credit outstanding at October 31, 2010 totaled $49.9 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. Letters of credit outstanding at July 31, 2010 totaled $47.1 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. At October 31, 2010, Ferrellgas, L.P. had available letter of credit remaining capacity of $149.8 million. At July 31, 2010, Ferrellgas, L.P. had available letter of credit remaining capacity of $152.9 million.

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

For the year ended July 31,	Scheduled annual principal payments
2011	$	31,405
2012	2,394
2013	32,101
2014	1,747
2015	1,760
Thereafter	802,556
Total	$	871,963

See Note J — Subsequent events for discussion about the effect of equity and debt issuances and senior note and credit facility repayments after October 31, 2010 on scheduled annual principal payments.

Partners' capital

3 Months Ended

Oct. 31, 2010

Partners' capital

F. Partners' capital

Common unit issuance

During the three months ended October 31, 2010, Ferrellgas issued $1.6 million of common units in connection with the acquisition of propane distribution assets. The general partner contributed $39 thousand to Ferrellgas to maintain its effective 2% general partner interest in connection with all common unit issuances.

Partnership distributions paid

Ferrellgas Partners has paid the following distributions:

	For the three months ended October 31,
	2010		2009
Public common unit holders	$	22,433	$	21,777
Ferrell Companies (1)	10,040		10,040
FCI Trading Corp. (2)	98		98
Ferrell Propane, Inc. (3)	26		26
James E. Ferrell (4)	2,177		2,177
General partner	351		345
	$	35,125	$	34,463

(1)	Ferrell Companies is the owner of the general partner and a 29% beneficial owner of Ferrellgas' common units and thus a related party.
(2)	FCI Trading Corp. ("FCI Trading") is an affiliate of the general partner and thus a related party.
(3)	Ferrell Propane, Inc. ("Ferrell Propane") is controlled by the general partner and thus a related party.
(4)	James E. Ferrell is the Executive Chairman and Chairman of the Board of Directors of the general partner and thus a related party.

On November 19, 2010, Ferrellgas Partners declared a cash distribution of $0.50 per common unit for the three months ended October 31, 2010, which is expected to be paid on December 15, 2010.

Included in this cash distribution are the following amounts expected to be paid to related parties:

Ferrell Companies	$	10,040
FCI Trading Corp.	98
Ferrell Propane, Inc.	26
James E. Ferrell	2,177
General partner	358

See additional discussions about transactions with related parties in Note H — Transactions with related parties.

Other comprehensive income ("OCI")

See Note G — Derivatives — for details regarding changes in fair value on risk management financial derivatives recorded within OCI for the three months ended October 31, 2010.

General partner's commitment to maintain its capital account

Ferrellgas Partners partnership agreement allows the general partner to have an option to maintain its effective 2% general partner interest concurrent with the issuance of other additional equity.

The general partner made noncash contributions totaling $69 thousand to Ferrellgas to maintain its effective 2% general partner interest in connection with employee stock ownership and stock-based compensation charges.

FERRELLGAS, L.P. AND SUBSIDIARIES [Member]

Partners' capital

F. Partners' capital

Partnership contributions

During October 2010, Ferrellgas, L.P. received asset contributions of $1.6 million in connection with the acquisition of propane distribution assets. The general partner contributed $20 thousand to Ferrellgas, L.P. to maintain its 1.0101% general partner interest in connection with all common unit issuances.

Partnership distributions paid

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

	For the three months ended October 31,
	2010		2009
Ferrellgas Partners	$	35,125	$	34,463
General partner	359		352
	$	35,484	$	34,815

On November 19, 2010, Ferrellgas, L.P. declared distributions for the three months ended October 31, 2010 to Ferrellgas Partners and the general partner of $47.8 million and $0.5 million, respectively, which is expected to be paid on December 15, 2010.

See additional discussions about transactions with related parties in Note H — Transactions with related parties.

Other comprehensive income ("OCI")

See Note G — Derivatives — for details regarding changes in fair value on risk management financial derivatives recorded within OCI for the three months ended October 31, 2010.

General partner's commitment to maintain its capital account

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

The general partner made noncash contributions totaling $35 thousand to Ferrellgas, L.P. to maintain its 1.0101% general partner interest in connection with employee stock ownership and stock-based compensation charges.

Derivatives

3 Months Ended

Oct. 31, 2010

Derivatives

G. Derivatives

Commodity Price Risk Management

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.

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. These financial derivatives are designated as cash flow hedges.

Ferrellgas' risk management activities include the use of financial derivative instruments including, but not limited to, price swaps, options, futures and basis swaps to seek protection from adverse price movements and to minimize potential losses. Ferrellgas enters into these financial derivative instruments directly with third parties in the over-the-counter market and with brokers who are clearing members with the New York Mercantile Exchange. 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 by Ferrellgas prior to settlement on its financial statements.

Cash Flow Hedging Activity

Ferrellgas uses financial derivative instruments for risk management purposes to hedge a portion of its exposure to market fluctuations in propane prices. These financial derivative instruments are designated as cash flow hedging instruments, thus the effective portions of changes in the fair value of the financial derivatives are recorded in OCI prior to settlement and are subsequently recognized in the condensed consolidated statements of earnings in "Cost of product sold — propane and other gas liquids sales" when the forward or forecasted propane sales transaction impacts earnings. The effectiveness of cash flow hedges is evaluated at inception and on an on-going basis. Changes in the fair value of cash flow hedges due to hedge ineffectiveness, if any, are recognized in "Cost of product sold — propane and other gas liquids sales." During the three months ended October 31, 2010 and 2009, Ferrellgas did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of the financial derivative contract gain or loss from the assessment of hedge effectiveness related to these cash flow hedges.

The fair value of the financial derivative instruments below are included within "Prepaid expenses and other current assets" and "Other current liabilities" on the condensed consolidated balance sheets:

	October 31, 2010		July 31, 2010
Derivatives — Price risk management assets	$	4,772	$	1,882
Derivatives — Price risk management liabilities	510		2,039

Ferrellgas had the following cash flow hedge activity included in OCI in the condensed consolidated statements of partners' capital:

	For the three months ended October 31,
	2010		2009
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$	5,002	$	7,083

Reclassification of net gains originally recorded within OCI to Cost of product sold — propane and other gas liquids	583		70

Ferrellgas expects to reclassify net gains of approximately $3.8 million to earnings during the next 12 months. These net gains are expected to be offset by margins on propane sales commitments Ferrellgas has with its customers that qualify for the normal purchase normal sales exception.

During the three months ended October 31, 2010 and 2009, Ferrellgas had no reclassifications to earnings resulting from discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of October 31, 2010, Ferrellgas had financial derivative contracts covering 1.1 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

During the three months ended October 31, 2010 and 2009, four counterparties represented 95% and 76%, respectively, of net settled cash flow hedging positions reported in "Cost of product sold — propane and other gas liquids sales." During the three months ended October 31, 2010 and 2009, Ferrellgas neither held nor entered into financial derivative contracts that contained credit risk related contingency features.

In accordance with GAAP, Ferrellgas determines the fair value of its assets and liabilities subject to fair value measurement by using the highest possible "Level" as defined within the GAAP hierarchy. The three levels defined by the GAAP hierarchy are as follows:

· Level 1 — Quoted prices available in active markets for identical assets or liabilities.

· Level 2 — Pricing inputs not quoted in active markets but either directly or indirectly observable.

· Level 3 — Significant inputs to pricing that have little or no transparency with inputs requiring significant management judgment or estimation.

Ferrellgas considers over-the-counter derivative instruments entered into directly with third parties as Level 2 valuation since the values of these derivatives are quoted by third party brokers and are on an exchange for similar transactions. The market prices used to value Ferrellgas' derivatives have been determined using independent third party prices, readily available market information, broker quotes, and appropriate valuation techniques.

At October 31, 2010 and July 31, 2010, all derivative assets and liabilities qualified for classification as Level 2 - other observable inputs as defined by the GAAP hierarchy. All financial derivatives assets and liabilities were non-trading positions.

FERRELLGAS, L.P. AND SUBSIDIARIES [Member]

Derivatives

G. Derivatives

Commodity Price Risk Management

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.

Ferrellgas, L.P.'s risk management strategy involves taking positions in the forward or financial markets that are equal and opposite to Ferrellgas, L.P.'s positions in the physical products market in order to minimize the risk of financial loss from an adverse price change. This risk management strategy is successful when Ferrellgas, L.P.'s gains or losses in the physical product markets are offset by its losses or gains in the forward or financial markets. These financial derivatives are designated as cash flow hedges.

Ferrellgas, L.P.'s risk management activities include the use of financial derivative instruments including, but not limited to, price swaps, options, futures and basis swaps to seek protection from adverse price movements and to minimize potential losses. Ferrellgas, L.P. enters into these financial derivative instruments directly with third parties in the over-the-counter market and with brokers who are clearing members with the New York Mercantile Exchange. 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 by Ferrellgas, L.P. prior to settlement on its financial statements.

Cash Flow Hedging Activity

Ferrellgas, L.P. uses financial derivative instruments for risk management purposes to hedge a portion of its exposure to market fluctuations in propane prices. These financial derivative instruments are designated as cash flow hedging instruments, thus the effective portions of changes in the fair value of the financial derivatives are recorded in OCI prior to settlement and are subsequently recognized in the condensed consolidated statements of earnings in "Cost of product sold — propane and other gas liquids sales" when the forward or forecasted propane sales transaction impacts earnings. The effectiveness of cash flow hedges is evaluated at inception and on an on-going basis. Changes in the fair value of cash flow hedges due to hedge ineffectiveness, if any, are recognized in "Cost of product sold — propane and other gas liquids sales." During the three months ended October 31, 2010 and 2009, Ferrellgas, L.P. did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of the financial derivative contract gain or loss from the assessment of hedge effectiveness related to these cash flow hedges.

	October 31, 2010		July 31, 2010
Derivatives — Price risk management assets	$	4,772	$	1,882
Derivatives — Price risk management liabilities	510		2,039

Ferrellgas, L.P. had the following cash flow hedge activity included in OCI in the condensed consolidated statement of partners' capital:

	For the three months ended October 31,
	2010		2009
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$	5,002	$	7,083
Reclassification of net gains originally recorded within OCI to Cost of product sold — propane and other gas liquids	583		70

Ferrellgas, L.P. expects to reclassify net gains of approximately $3.8 million to earnings during the next 12 months. These net gains are expected to be offset by margins on propane sales commitments Ferrellgas, L.P. has with its customers that qualify for the normal purchase normal sales exception.

During the three months ended October 31, 2010 and 2009, Ferrellgas, L.P. had no reclassifications to earnings resulting from discontinuance of any cash flow hedges arising from the probability of the original forecasted transactions not occurring within the originally specified period of time defined within the hedging relationship.

As of October 31, 2010, Ferrellgas, L.P. had financial derivative contracts covering 1.1 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

During the three months ended October 31, 2010 and 2009, four counterparties represented 95% and 76%, respectively, of net settled cash flow hedging positions reported in "Cost of product sold — propane and other gas liquids sales." During the three months ended October 31, 2010 and 2009, Ferrellgas, L.P. neither held nor entered into financial derivative contracts that contained credit risk related contingency features.

In accordance with GAAP, Ferrellgas, L.P. determines the fair value of its assets and liabilities subject to fair value measurement by using the highest possible "Level" as defined within the GAAP hierarchy.

The three levels defined by the GAAP hierarchy are as follows:

· Level 1 — Quoted prices available in active markets for identical assets or liabilities.

· Level 2 — Pricing inputs not quoted in active markets but either directly or indirectly observable.

· Level 3 — Significant inputs to pricing that have little or no transparency with inputs requiring significant management judgment or estimation.

Ferrellgas, L.P. considers over-the-counter derivative instruments entered into directly with third parties as Level 2 valuation since the values of these derivatives are quoted by third party brokers and are on an exchange for similar transactions. The market prices used to value Ferrellgas, L.P.'s derivatives have been determined using independent third party prices, readily available market information, broker quotes, and appropriate valuation techniques.

Transactions with related parties

3 Months Ended

Oct. 31, 2010

Transactions with related parties

H. Transactions with related parties

General partner

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 condensed consolidated statements of earnings as follows:

	For the three months ended October 31,
	2010		2009
Operating expense	$	50,011	$	53,311
General and administrative expense	6,463		6,455

See additional discussions about transactions with the general partner and related parties in Note F — Partners' capital.

Board of Directors

Elizabeth Solberg, a member of the general partner's Board of Directors, serves as the General Manager of Fleishman-Hillard Inc. During the three months ended October 31, 2010 and 2009, Ferrellgas paid Fleishman-Hillard Inc. $33 thousand and $42 thousand, respectively, for marketing and communications services.

FERRELLGAS, L.P. AND SUBSIDIARIES [Member]

Transactions with related parties

H. Transactions with related parties

General partner

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 condensed consolidated statements of earnings as follows:

	For the three months ended October 31,
	2010		2009
Operating expense	$	50,011	$	53,311
General and administrative expense	6,463		6,455

See additional discussions about transactions with the general partner and related parties in Note F — Partners' capital.

Board of Directors

Elizabeth Solberg, a member of the general partner's Board of Directors, serves as the General Manager of Fleishman—Hillard Inc. During the three months ended October 31, 2010 and 2009, Ferrellgas, L.P. paid Fleishman-Hillard Inc. $33 thousand and $42 thousand, respectively for marketing and communications services.

- Definition

This element may be used for the entire related party transactions disclosure as a single block of text. Disclosure may include: the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

Contingencies	3 Months Ended
Contingencies	Oct. 31, 2010
Contingencies	I. Contingencies 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. As a result, at any given time, Ferrellgas is 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 financial condition, results of operations and cash flows of Ferrellgas. Ferrellgas has been named as a defendant in lawsuits filed in multiple federal and state courts that seek to certify nationwide or statewide classes related to its Blue Rhino branded propane tank exchange activities. The plaintiffs in each case generally allege that Ferrellgas failed to inform consumers of the amount of propane contained in propane tanks they purchased and that Ferrellgas violated anti-trust laws by allegedly conspiring with a competitor. The federal cases have been coordinated for multidistrict treatment in the United States District Court for the Western District of Missouri. Based on Ferrellgas' business and consumer notification practices in its Blue Rhino tank exchange operations, Ferrellgas believes that all of these claims are without merit and intends to defend the claims vigorously. Ferrellgas has also been named as a defendant in a class action lawsuit filed in the United States District Court in Kansas. The complaint alleges that Ferrellgas violates consumer protection laws in the manner Ferrellgas sets prices and fees for its customers. Based on Ferrellgas' business practices, Ferrellgas believes that the claims are without merit and intends to defend the claims vigorously.
FERRELLGAS, L.P. AND SUBSIDIARIES [Member]
Contingencies	I. Contingencies 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. As a result, at any given time, Ferrellgas, L.P. is 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 financial condition, results of operations and cash flows of Ferrellgas, L.P. Ferrellgas, L.P. has been named as a defendant in lawsuits filed in multiple federal and state courts that seek to certify nationwide or statewide classes related to its Blue Rhino branded propane tank exchange activities. The plaintiffs in each case generally allege that Ferrellgas, L.P. failed to inform consumers of the amount of propane contained in propane tanks they purchased and that Ferrellgas, L.P. violated anti-trust laws by allegedly conspiring with a competitor. The federal cases have been coordinated for multidistrict treatment in the United States District Court for the Western District of Missouri. Based on Ferrellgas, L.P.'s business and consumer notification practices in its Blue Rhino tank exchange operations, Ferrellgas, L.P. believes that all of these claims are without merit and intends to defend the claims vigorously. Ferrellgas, L.P. has also been named as a defendant in a class action lawsuit filed in the United States District Court in Kansas. The complaint alleges that Ferrellgas, L.P. violates consumer protection laws in the manner Ferrellgas, L.P. sets prices and fees for its customers. Based on Ferrellgas, L.P.'s business practices, Ferrellgas, L.P. believes that the claims are without merit and intends to defend the claims vigorously.

Net loss per common unitholders' interest

3 Months Ended

Oct. 31, 2010

Net loss per common unitholders' interest

J. Net loss per common unitholders' interest

Below is a calculation of the basic and diluted net loss per common unitholders' interest in the condensed consolidated statements of earnings for the periods indicated. In accordance with guidance issued by the FASB regarding participating securities and the two-class method, Ferrellgas calculates net earnings per common unitholders' interest for each period presented according to distributions declared and participation rights in undistributed earnings, as if all of the earnings for the period had been distributed. In periods with undistributed earnings above certain levels, the calculation according to the two-class method results in an increased allocation of undistributed earnings to the general partner and a dilution of the earnings to the limited partners. Due to the seasonality of the propane business, the dilution effect of the guidance on the two-class method typically impacts only the three months ending January 31. There was not a dilutive effect resulting from this guidance on basic and diluted net loss per common unitholders' interest for the three months ended October 31, 2010 and 2009.

In periods with year-to-date 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 the Ferrellgas Partners' partnership agreement that would apply to periods in which there were no undistributed earnings. Ferrellgas typically incurs net losses in the three month period ended October 31.

	For the three months ended October 31,
	2010			2009

Common unitholders' interest in net loss	$	(27,763	)	$	(32,338	)

Weighted average common units outstanding (in thousands)	69,559.6			68,507.9

Dilutive securities	—			—

Weighted average common units outstanding plus dilutive securities	69,559.6			68,507.9

Basic and diluted net loss per common unitholders' interest	$	(0.40	)	$	(0.47	)

Subsequent events	3 Months Ended
Subsequent events	Oct. 31, 2010
Subsequent events	K. Subsequent events Ferrellgas has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas' condensed consolidated financial statements were issued, and concluded that, other than the events discussed below, there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements. During November 2010, the operating partnership issued $500.0 million in aggregate principal amount of new 6.50% senior notes due 2021 at an offering price equal to par. The operating partnership received $491.3 million of net proceeds after deducting initial purchase discounts and estimated expenses of the offering. The operating partnership applied the net proceeds to a cash tender offer to purchase any and all of its $450.0 million 6.75% fixed rate senior notes due May 1, 2014 and to redeem any such notes that remain outstanding after November 30, 2010. As of November 30, 2010, the operating partnership had purchased $368.6 million of the senior notes pursuant to the cash tender offer. The operating partnership used the remaining proceeds to reduce outstanding indebtedness under the credit facility by $111.9 million and to pay the related make whole and interest payments of $10.8 million. The operating partnership then issued an irrevocable notice to redeem prior to the end of December 2010 the remaining $81.4 million outstanding principal amount of the 6.75% senior notes due 2014 and their related make-whole payments. During November 2010, Ferrellgas entered into an agreement with an institutional investor relating to a non-brokered registered direct offering of 1.2 million common units. Net proceeds of approximately $30.0 million were used to reduce outstanding indebtedness under the credit facility.
FERRELLGAS, L.P. AND SUBSIDIARIES [Member]
Subsequent events	J. Subsequent events Ferrellgas, L.P. has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas, L.P.'s condensed consolidated financial statements were issued, and concluded that, other than the events discussed below, there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements. During November 2010, Ferrellgas, L.P. issued $500.0 million in aggregate principal amount of new 6.50% senior notes due 2021 at an offering price equal to par. Ferrellgas, L.P. received $491.3 million of net proceeds after deducting initial purchase discounts and estimated expenses of the offering. Ferrellgas, L.P. applied the net proceeds to a cash tender offer to purchase any and all of its $450.0 million 6.75% fixed rate senior notes due May 1, 2014 and to redeem any such notes that remain outstanding after November 30, 2010. As of November 30, 2010, Ferrellgas, L.P. had purchased $368.6 million of the senior notes pursuant to the cash tender offer. Ferrellgas, L.P. used the remaining proceeds to reduce outstanding indebtedness under the credit facility by $111.9 million and to pay the related make whole and interest payments of $10.8 million. Ferrellgas, L.P. then issued an irrevocable notice to redeem prior to the end of December 2010 the remaining $81.4 million outstanding principal amount of the 6.75% senior notes due 2014 and their related make-whole payments. During November 2010, Ferrellgas, L.P. entered into an agreement with an institutional investor relating to a non-brokered registered direct offering of 1.2 million common units. Net proceeds of approximately $30.0 million were used to reduce outstanding indebtedness under the credit facility.
FERRELLGAS FINANCE CORP. [Member]
Subsequent events	B. Subsequent events During November 2010, the Partnership issued $500.0 million in aggregate principal amount of new 6.50% senior notes due 2021 at an offering price equal to par. The Partnership received $491.3 million of net proceeds after deducting initial purchase discounts and estimated expenses of the offering. The Partnership applied the net proceeds to a cash tender offer to purchase any and all of its $450.0 million 6.75% fixed rate senior notes due May 1, 2014 and to redeem any such notes that remain outstanding after November 30, 2010. As of November 30, 2010, the Partnership had purchased $368.6 million of the senior notes pursuant to the cash tender offer. The Partnership used the remaining proceeds to reduce outstanding indebtedness under the credit facility by $111.9 million and to pay the related make whole and interest payments of $10.8 million. The Partnership then issued an irrevocable notice to redeem prior to the end of December 2010 the remaining $81.4 million outstanding principal amount of the 6.75% senior notes due 2014 and their related make-whole payments.