The number of general partner units outstanding.

+ References+ Details

The number of limited partner units outstanding.

+ References+ Details

Consolidated Statements Of Earnings (USD $)	12 Months Ended
Consolidated Statements Of Earnings (USD $)	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Revenues:
Propane and other gas liquids sales	$ 2,212,257,000	$ 1,900,318,000	$ 1,829,653,000
Other	210,958,000	198,742,000	239,869,000
Total revenues	2,423,215,000	2,099,060,000	2,069,522,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	1,609,344,000	1,257,534,000	1,207,368,000
Cost of product sold - other	124,470,000	108,638,000	152,853,000
Operating expense	411,038,000	409,014,000	400,735,000
Depreciation and amortization expense	82,486,000	82,491,000	82,494,000
General and administrative expense	61,891,000	51,772,000	41,382,000
Equipment lease expense	14,435,000	13,441,000	18,406,000
Non-cash employee stock ownership plan compensation charge	10,157,000	9,322,000	6,755,000
Loss on disposal of assets and other	3,633,000	8,485,000	13,042,000
Operating income (loss)	105,761,000	158,363,000	146,487,000
Interest expense	(101,885,000)	(101,284,000)	(89,519,000)
Loss on extinguishment of debt	(46,962,000)	(20,716,000)
Other income (expense), net	567,000	(1,108,000)	(1,321,000)
Earnings (loss) before income taxes	(42,519,000)	35,255,000	55,647,000
Income tax expense	1,241,000	1,916,000	2,292,000
Net earnings (loss)	(43,760,000)	33,339,000	53,355,000
Net earnings (loss) attributable to noncontrolling interest	(112,000)	630,000	783,000
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	(43,648,000)	32,709,000	52,572,000
Less: General partner's interest in net earnings (loss)	(436,000)	327,000	526,000
Common unitholders' interest in net earnings (loss)	(43,212,000)	32,382,000	52,046,000
Basic and diluted net earnings (loss) per common unitholders' interest	$ (0.60)	$ 0.47	$ 0.79
Cash distributions declared per common unit	$ 2	$ 2	$ 2
Ferrellgas Partners Finance Corp. [Member]
Costs and expenses:
General and administrative expense	2,789	568	445
Net earnings (loss)	(2,789)	(568)	(445)
Ferrellgas, L.P. And Subsidiaries [Member]
Revenues:
Propane and other gas liquids sales	2,212,257,000	1,900,318,000	1,829,653,000
Other	210,958,000	198,742,000	239,869,000
Total revenues	2,423,215,000	2,099,060,000	2,069,522,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	1,609,344,000	1,257,534,000	1,207,368,000
Cost of product sold - other	124,470,000	108,638,000	152,853,000
Operating expense	410,680,000	408,590,000	400,407,000
Depreciation and amortization expense	82,486,000	82,491,000	82,494,000
General and administrative expense	61,891,000	51,772,000	41,382,000
Equipment lease expense	14,435,000	13,441,000	18,406,000
Non-cash employee stock ownership plan compensation charge	10,157,000	9,322,000	6,755,000
Loss on disposal of assets and other	3,633,000	8,485,000	13,042,000
Operating income (loss)	106,119,000	158,787,000	146,815,000
Interest expense	(80,074,000)	(76,786,000)	(65,785,000)
Loss on extinguishment of debt	(36,449,000)	(17,308,000)
Other income (expense), net	567,000	(442,000)	(1,321,000)
Earnings (loss) before income taxes	(9,837,000)	64,251,000	79,709,000
Income tax expense	1,225,000	1,890,000	2,208,000
Net earnings (loss)	(11,062,000)	62,361,000	77,501,000
Ferrellgas Finance Corp. [Member]
Costs and expenses:
General and administrative expense	8,163	20,462	3,445
Net earnings (loss)	$ (8,163)	$ (20,462)	$ (3,445)

Consolidated Statements Of Earnings (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Operating Expense [Member]
Non-cash stock and unit-based compensation	$ 3.8	$ 2.2	$ 0.8
General And Administrative Expense [Member]
Non-cash stock and unit-based compensation	9.7	5.7	1.5
Ferrellgas, L.P. And Subsidiaries [Member] \| Operating Expense [Member]
Non-cash stock and unit-based compensation	3.8	2.2	0.8
Ferrellgas, L.P. And Subsidiaries [Member] \| General And Administrative Expense [Member]
Non-cash stock and unit-based compensation	$ 9.7	$ 5.7	$ 1.5

Contributions in connection with non-cash ESOP and stock and unit-based compensation charges

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References+ Details

Consolidated Statements Of Partners' Capital (USD $)

Ferrellgas, L.P. And Subsidiaries [Member]

Common Unitholders [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

General Partner Unitholder [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]

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]

Common Unitholders [Member]

General Partner Unitholder [Member]

Risk Management [Member]

Currency Translation Adjustments [Member]

Pension Liability [Member]

Total Ferrellgas Partners, L.P. Partners' Capital [Member]

Noncontrolling Interest [Member]

Total

Value at Jul. 31, 2008

$ 413,507,000

$ 4,220,000

$ 18,749,000

$ 26,000

$ (233,000)

$ 436,269,000

$ 1,000

$ 5,149

$ (5,149)

$ 1,000

$ 3,312

$ (3,212)

$ 1,100

$ 201,618,000

$ (58,036,000)

$ 18,749,000

$ 26,000

$ (233,000)

$ 162,124,000

$ 4,220,000

$ 166,344,000

Shares at Jul. 31, 2008

1,000

62,961,700

636,000

8,975,000

92,000

9,067,000

8,885,000

90,000

8,975,000

92,000

9,067,000

Capital contribution

445

3,445

Distributions

(156,031,000)

(1,592,000)

(157,623,000)

(131,256,000)

(1,325,000)

(132,581,000)

(1,592,000)

(134,173,000)

Common units issued in connection with acquisition - shares

289,500

2,900

Common units issued in connection with acquisition - value

5,515,000

56,000

5,571,000

5,515,000

55,000

5,570,000

56,000

5,626,000

Common units issued in offering, net of issuance costs - shares

4,985,600

50,400

Common units issued in offering, net of issuance costs - value

69,447,000

702,000

70,149,000

713,000

70,862,000

Cash contributed by Ferrellgas Partners and general partner

69,848,000

713,000

70,561,000

Net earnings (loss) on risk management derivatives

76,718,000

783,000

77,501,000

(445)

(3,445)

52,046,000

526,000

52,572,000

783,000

53,355,000

Other comprehensive income (loss):

(186,449,000)

Reclassification of derivatives to earnings

166,711,000

Foreign currency translation adjustment

(7,000)

Tax effect on foreign currency translation adjustment

3,000

Pension liability adjustment

6,000

Other comprehensive income (loss)

(19,736,000)

Comprehensive income (loss)

57,765,000

32,836,000

783,000

33,619,000

Value at Jul. 31, 2009

418,532,000

4,272,000

(989,000)

22,000

(227,000)

421,610,000

1,000

5,594

(5,594)

1,000

6,757

(6,657)

1,100

206,255,000

(57,988,000)

(989,000)

22,000

(227,000)

147,073,000

4,272,000

151,345,000

Shares at Jul. 31, 2009

1,000

68,236,800

689,300

Contributions in connection with non-cash ESOP and stock and unit-based compensation charges

(26,887,000)

^[1]

(32,937,000)

^[2]

Value at Oct. 31, 2009

Value at Jul. 31, 2009

418,532,000

4,272,000

(989,000)

22,000

(227,000)

421,610,000

1,000

5,594

(5,594)

1,000

6,757

(6,657)

1,100

206,255,000

(57,988,000)

(989,000)

22,000

(227,000)

147,073,000

4,272,000

151,345,000

Shares at Jul. 31, 2009

1,000

68,236,800

689,300

16,980,000

173,000

17,153,000

16,810,000

170,000

16,980,000

173,000

17,153,000

Capital contribution

537

20,462

Distributions

(191,822,000)

(1,958,000)

(193,780,000)

(138,365,000)

(1,398,000)

(139,763,000)

(1,958,000)

(141,721,000)

Common units issued in connection with acquisition - shares

155,100

1,500

Common units issued in connection with acquisition - value

3,061,000

31,000

3,092,000

3,061,000

31,000

3,092,000

31,000

3,123,000

Common unit options issued - shares

71,500

700

Common unit options issued - value

1,189,000

12,000

1,201,000

8,000

1,209,000

Common units issued in offering, net of issuance costs - shares

1,058,400

10,700

1,100,000

Common units issued in offering, net of issuance costs - value

19,949,000

202,000

20,151,000

204,000

20,355,000

Cash contributed by Ferrellgas Partners and general partner

51,300,000

523,000

51,823,000

311,000

Net earnings (loss) on risk management derivatives

61,731,000

630,000

62,361,000

(568)

(20,462)

32,382,000

327,000

32,709,000

630,000

33,339,000

Other comprehensive income (loss):

12,063,000

11,941,000

122,000

Reclassification of derivatives to earnings

(11,231,000)

(11,118,000)

(113,000)

Foreign currency translation adjustment

3,000

Tax effect on foreign currency translation adjustment

(1,000)

Pension liability adjustment

(46,000)

Other comprehensive income (loss)

788,000

779,000

788,000

Comprehensive income (loss)

63,149,000

33,488,000

639,000

34,127,000

Value at Jul. 31, 2010

359,782,000

3,671,000

(157,000)

24,000

(273,000)

363,047,000

1,000

6,131

(6,162)

969

1,000

27,219

(27,119)

1,100

141,281,000

(58,644,000)

(166,000)

24,000

(273,000)

82,222,000

3,680,000

85,902,000

Shares at Jul. 31, 2010

1,000

69,521,800

702,200

Value at Apr. 30, 2010

(34,262,000)

(40,846,000)

Value at Jul. 31, 2010

363,047,000

85,902,000

Contributions in connection with non-cash ESOP and stock and unit-based compensation charges

(21,999,000)

(28,265,000)

Value at Oct. 31, 2010

Value at Jul. 31, 2010

359,782,000

3,671,000

(157,000)

24,000

(273,000)

363,047,000

1,000

6,131

(6,162)

969

1,000

27,219

(27,119)

1,100

141,281,000

(58,644,000)

(166,000)

24,000

(273,000)

82,222,000

3,680,000

85,902,000

Shares at Jul. 31, 2010

1,000

69,521,800

702,200

23,406,000

239,000

23,645,000

23,171,000

235,000

23,406,000

239,000

23,645,000

Capital contribution

2,789

8,163

Distributions

(272,777,000)

(2,783,000)

(275,560,000)

(143,552,000)

(1,450,000)

(145,002,000)

(2,783,000)

(147,785,000)

Common units issued in connection with acquisition - shares

122,600

1,200

Common units issued in connection with acquisition - value

2,940,000

30,000

2,970,000

2,940,000

29,000

2,969,000

30,000

2,999,000

Common unit options issued - shares

46,900

500

Common unit options issued - value

544,000

6,000

550,000

3,000

553,000

Common units issued in offering, net of issuance costs - shares

6,275,100

63,400

5,100,000

Common units issued in offering, net of issuance costs - value

157,212,000

1,588,000

158,800,000

1,608,000

160,408,000

Cash contributed by Ferrellgas Partners and general partner

157,680,000

1,611,000

159,291,000

Cumulative effect of change in accounting principle

(10,950,000)

(112,000)

(11,062,000)

(2,789)

(8,163)

(43,212,000)

(436,000)

(43,648,000)

(112,000)

(43,760,000)

1,242,000

13,000

1,255,000

1,230,000

12,000

1,242,000

13,000

1,255,000

Other comprehensive income (loss):

Net earnings (loss) on risk management derivatives

22,676,000

22,447,000

229,000

Reclassification of derivatives to earnings

(17,358,000)

(17,183,000)

(175,000)

Foreign currency translation adjustment

2,000

Tax effect on foreign currency translation adjustment

Pension liability adjustment

(220,000)

(218,000)

(2,000)

Other comprehensive income (loss)

5,100,000

5,048,000

5,100,000

Comprehensive income (loss)

(4,707,000)

(37,358,000)

(47,000)

(37,405,000)

Value at Jul. 31, 2011

261,323,000

2,669,000

5,161,000

26,000

(493,000)

268,686,000

1,000

8,920

(8,951)

969

1,000

35,382

(35,282)

1,100

139,614,000

(58,660,000)

5,098,000

26,000

(491,000)

85,587,000

2,730,000

88,317,000

Shares at Jul. 31, 2011

1,000

75,966,400

767,300

Value at Apr. 30, 2011

(37,167,000)

(41,283,000)

Value at Jul. 31, 2011

$ 268,686,000

$ 88,317,000

[1]	Includes "Loss on extinguishment of debt," which increased Net loss by $17.3 million. See Note H - Debt - for a discussion of make-whole payments and non-cash write-offs of debt.
[2]	Includes "Loss on extinguishment of debt" which increased Net loss by $17.3 million, increased Net loss attributable to Ferrellgas Partners, L.P. by $17.1 million, increased Common unitholders' interest in net loss by $17.0 million and increased Basic and diluted net loss per common unitholders' interest by $0.25.

Consolidated Statements Of Cash Flows (USD $)	12 Months Ended
Consolidated Statements Of Cash Flows (USD $)	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009	Jul. 31, 2011 Ferrellgas Partners Finance Corp. [Member]	Jul. 31, 2010 Ferrellgas Partners Finance Corp. [Member]	Jul. 31, 2009 Ferrellgas Partners Finance Corp. [Member]	Jul. 31, 2011 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2010 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2009 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Ferrellgas Finance Corp. [Member]	Jul. 31, 2010 Ferrellgas Finance Corp. [Member]	Jul. 31, 2009 Ferrellgas Finance Corp. [Member]
Cash flows from operating activities:
Net earnings (loss)	$ (43,760,000)	$ 33,339,000	$ 53,355,000	$ (2,789)	$ (568)	$ (445)	$ (11,062,000)	$ 62,361,000	$ 77,501,000	$ (8,163)	$ (20,462)	$ (3,445)
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization expense	82,486,000	82,491,000	82,494,000				82,486,000	82,491,000	82,494,000
Non-cash employee stock ownership plan compensation charge	10,157,000	9,322,000	6,755,000				10,157,000	9,322,000	6,755,000
Non-cash stock and unit-based compensation charge	13,488,000	7,831,000	2,312,000				13,488,000	7,831,000	2,312,000
Loss on disposal of assets	3,633,000	7,296,000	5,009,000				3,633,000	7,296,000	5,009,000
Loss on transfer of accounts receivable related to the accounts receivable securitization		6,566,000	12,124,000					6,566,000	12,124,000
Loss on extinguishment of debt	27,463,000						25,403,000
Provision for doubtful accounts	6,212,000	8,440,000	5,317,000				6,212,000	8,440,000	5,317,000
Deferred tax expense (benefit)	751,000	439,000	388,000	(2,416,000)			751,000	439,000	388,000	(10,549,000)
Other	4,362,000	2,196,000	(603,000)				3,755,000	1,417,000	(854,000)
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	(28,732,000)	2,529,000	65,466,000				(28,732,000)	2,529,000	65,466,000
Inventories	30,772,000	(37,103,000)	22,493,000				30,772,000	(37,103,000)	22,493,000
Prepaid expenses and other current assets	(4,325,000)	(676,000)	(120,000)				(4,317,000)	(831,000)	(118,000)
Accounts payable	18,613,000	(263,000)	(21,054,000)				18,613,000	(263,000)	(21,054,000)
Accrued interest expense	(633,000)	693,000	(156,000)				449,000	601,000	(156,000)
Other current liabilities	(3,365,000)	(14,000)	5,033,000				(3,268,000)	(139,000)	4,995,000
Other liabilities	439,000	1,544,000	(1,044,000)				439,000	1,544,000	(1,044,000)
Accounts receivable securitization:
Proceeds from new accounts receivable securitizations		124,000,000	109,000,000					124,000,000	109,000,000
Proceeds from collections reinvested in revolving period accounts receivable securitizations		1,334,144,000	1,231,336,000					1,334,144,000	1,231,336,000
Remittances of amounts collected as servicer of accounts receivable securitizations		(1,448,144,000)	(1,376,336,000)					(1,448,144,000)	(1,376,336,000)
Net cash provided by operating activities	117,561,000	134,630,000	201,769,000	(2,789)	(568)	(445)	148,779,000	162,501,000	225,628,000	(8,163)	(20,462)	(3,445)
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(7,298,000)	(40,883,000)	(2,701,000)				(7,327,000)	(40,914,000)	(2,706,000)
Capital expenditures	(49,759,000)	(45,185,000)	(54,085,000)				(49,759,000)	(45,185,000)	(54,085,000)
Proceeds from sale of assets	5,994,000	9,220,000	8,199,000				5,994,000	9,220,000	8,199,000
Other		(4,480,000)	(4,643,000)					(4,480,000)	(4,643,000)
Net cash used in investing activities	(51,063,000)	(81,328,000)	(53,230,000)				(51,092,000)	(81,359,000)	(53,235,000)
Cash flows from financing activities:
Distributions	(145,002,000)	(139,763,000)	(132,581,000)				(275,560,000)	(193,780,000)	(157,623,000)
Contributions from partners		311,000					159,291,000	51,823,000	70,561,000
Proceeds from increase in long-term debt	564,807,000	936,861,000	208,259,000				564,807,000	656,861,000	208,259,000
Payments on long-term debt	(650,285,000)	(844,955,000)	(239,555,000)				(552,285,000)	(576,955,000)	(239,555,000)
Net additions to (reductions in) short-term borrowings	(2,276,000)	1,044,000	(59,570,000)				(2,276,000)	1,044,000	(59,570,000)
Net additions to collateralized short-term borrowings	14,000,000						14,000,000
Cash paid for financing costs	(9,886,000)	(22,073,000)	(3,903,000)				(9,713,000)	(15,798,000)	(3,953,000)
Noncontrolling interest activity	(1,172,000)	(1,435,000)	(879,000)
Proceeds from exercise of common unit options	544,000	1,189,000
Proceeds from equity offering, net of issuance costs of $300, $18 and $401, respectively	157,212,000	19,949,000	69,447,000
Cash contribution from general partner in connection with common unit issuances	1,594,000	214,000	702,000
Capital contribution				2,789	537	445				8,163	20,462	3,445
Net cash used in financing activities	(70,464,000)	(48,969,000)	(158,080,000)	2,789	537	445	(101,736,000)	(76,805,000)	(181,881,000)	8,163	20,462	3,445
Effect of exchange rate changes on cash	2,000	2,000	(7,000)				2,000	2,000	(7,000)
Increase (decrease) in cash and cash equivalents	(3,964,000)	4,335,000	(9,548,000)		(31)		(4,047,000)	4,339,000	(9,495,000)
Cash and cash equivalents - beginning of period	11,401,000	7,066,000	16,614,000				11,389,000	7,050,000	16,545,000
Cash and cash equivalents - end of period	7,437,000	11,401,000	7,066,000				7,342,000	11,389,000	7,050,000
Cash - beginning of period				969	1,000	1,000				1,100	1,100	1,100
Cash - end of period				$ 969	$ 969	$ 1,000				$ 1,100	$ 1,100	$ 1,100

Partnership Organization And Formation

12 Months Ended

Jul. 31, 2011

A. Partnership organization and formation

Ferrellgas Partners, L.P. ("Ferrellgas Partners") was formed on April 19, 1994, and 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, 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. The operating partnership was formed to acquire, own and operate the propane business and assets of Ferrellgas, Inc. (the "general partner"), a wholly-owned subsidiary of Ferrell Companies, Inc. ("Ferrell Companies"). As of July 31, 2011, Ferrell Companies beneficially owns 20.3 million of Ferrellgas Partners' outstanding common units. The general partner 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.

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.

Ferrell Companies is wholly-owned by a leveraged employee stock ownership trust ("ESOT") established pursuant to the Ferrell Companies Employee Stock Ownership Plan ("ESOP"). The purpose of the ESOP is to provide employees of the general partner an opportunity for ownership in Ferrell Companies and indirectly in Ferrellgas. As contributions are made by Ferrell Companies to the ESOT in the future, shares of Ferrell Companies are allocated to the employees' ESOP accounts.

Ferrellgas Partners Finance Corp. [Member]

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 Partnership 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.

Ferrellgas, L.P. And Subsidiaries [Member]

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.

A. Partnership organization and formation

Ferrellgas, L.P. was formed on April 22, 1994, and is a Delaware limited partnership. Ferrellgas, L.P. owns and operates propane distribution and related assets. Ferrellgas Partners, L.P. ("Ferrellgas Partners"), a publicly traded limited partnership, holds 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 Partners and Ferrellgas, L.P. 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.

Ferrell Companies is wholly-owned by a leveraged employee stock ownership trust ("ESOT") established pursuant to the Ferrell Companies Employee Stock Ownership Plan ("ESOP"). The purpose of the ESOP is to provide employees of the general partner an opportunity for ownership in Ferrell Companies and indirectly in Ferrellgas, L.P. As contributions are made by Ferrell Companies to the ESOT in the future, shares of Ferrell Companies are allocated to the employees' ESOP accounts.

Ferrellgas Finance Corp. [Member]

Summary Of Significant Accounting Policies

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, 2011

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. The operating partnership is the only operating subsidiary of Ferrellgas Partners. Ferrellgas is a single reportable operating segment.

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. 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 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, fair values of derivative contracts and stock and unit-based compensation calculations.

(3) 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 material intercompany accounts and transactions. The accounts of Ferrellgas Partners' majority-owned subsidiary are included based on the determination that Ferrellgas Partners will absorb a majority of the operating partnership's expected losses, receive a majority of the operating partnership's expected residual returns and is the operating partnership's primary beneficiary. The operating partnership includes the accounts of its wholly-owned subsidiaries. The general partner's approximate 1% general partner interest in the operating partnership is accounted for as a noncontrolling interest. The wholly-owned consolidated subsidiary of the operating partnership, Ferrellgas Receivables, LLC ("Ferrellgas Receivables"), is a special purpose entity that has agreements with the operating partnership to securitize, on an ongoing basis, a portion of its trade accounts receivable.

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


	For the year ended July 31,
	2011	2010	2009
CASH PAID FOR:
Interest	$94,553	$90,305	$83,107
Income taxes	$ 591	$ 1,550	$ 1,512
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	$ 2,940	$ 3,061	$ 5,465
Issuance of liabilities in connection with acquisitions	$ 2,290	$ 5,494	$ 1,673
Property, plant and equipment additions	$ 807	$ 593	$ 973

See Note B – Summary of significant accounting policies - (21) 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.

(5) Accounts receivable securitization: Through its wholly-owned and consolidated subsidiary 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 - (21) New accounting standards – Transfers of financial assets and variable interest entities – below regarding new accounting guidance for financial asset transfers and variable interest entities ("VIEs") that was effective August 1, 2010.

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

(7) Property, plant and equipment: Property, plant and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and routine repairs are expensed as incurred. Ferrellgas capitalizes computer software, equipment replacement and betterment expenditures that upgrade, replace or completely rebuild major mechanical components and extend the original useful life of the equipment. Depreciation is calculated using the straight-line method based on the estimated useful lives of the assets ranging from two to 30 years. Ferrellgas, using its best estimates based on reasonable and supportable assumptions and projections, reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of its assets might not be recoverable. See Note E – Supplemental financial statement information – for further discussion of property, plant and equipment.

(8) Goodwill: Ferrellgas records goodwill as the excess of the cost of acquisitions over the fair value of the related net assets at the date of acquisition. Goodwill is subject to at least an annual assessment for impairment by applying a fair-value-based 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, an indication exists that the reporting unit's goodwill may be impaired and the second step of the impairment test must be performed. In the second step, the implied fair value of the goodwill is determined by allocating the fair value of all of its assets (recognized and unrecognized) and liabilities to it carrying amount. Ferrellgas has completed the impairment test for each of its reporting units and determined that no impairment existed as of January 31, 2011.

(9) Intangible assets: Intangible assets with finite useful lives, consisting primarily of customer lists, non-compete agreements 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. 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 might not be recoverable. Ferrellgas tests indefinite-lived intangible assets for impairment annually on January 31 or more frequently if circumstances dictate. Ferrellgas has not recognized impairment losses as a result of these tests. When necessary, intangible assets' useful lives are revised and the impact on amortization reflected on a prospective basis. See Note G – Goodwill and intangible assets, net – for further discussion of intangible assets.

(10) Derivatives and hedging activities: Ferrellgas' overall objective for entering into derivative contracts, including commodity options and swaps, is to hedge a portion of its exposure to market fluctuations in propane prices. These financial instruments are formally designated and documented as a hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transaction. 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. The fair value of these derivatives fluctuates over the length of the contracts. These 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 earnings. Ferrellgas also enters into derivative contracts that qualify for the normal purchase normal sales exception within GAAP guidance. 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" or "Other current liabilities" on the consolidated balance sheets with changes in fair value reported in other comprehensive income.

(11) Revenue recognition: Revenues from the distribution of propane and other gas liquids, including revenues from customer deposits and advances, are recognized by Ferrellgas at the time product is delivered to its customers. 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 tank rentals are recognized on a straight-line basis over one year.

(12) Shipping and handling expenses: Shipping and handling expenses related to delivery personnel, vehicle repair and maintenance and general liability expenses are classified within "Operating expense" in the consolidated statements of earnings. Depreciation expenses on delivery vehicles Ferrellgas owns are classified within "Depreciation and amortization expense." Delivery vehicles and distribution technology leased by Ferrellgas are classified within "Equipment lease expense." See Note E – Supplemental financial statement information – for the financial statement presentation of shipping and handling expenses.

(13) Cost of product sold: "Cost of product sold – 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 product sold – other" primarily includes costs related to the sale of propane appliances and equipment.

(14) Operating expenses: "Operating expense" primarily includes the personnel, vehicle, delivery, handling, plant, office, selling, marketing, credit and collections and other expenses related to the retail distribution of propane and related equipment and supplies.

(15) General and administrative expenses: "General and administrative expense" primarily includes personnel and incentive expense related to executives and employees and other overhead expense related to centralized corporate functions.

(16)Stock-based and unit option plans:

Ferrellgas Unit Option Plan ("UOP")

The UOP is authorized to issue options covering up to 1.35 million common units to employees of the general partner or its affiliates. The Compensation Committee of the Board of Directors of the general partner administers the UOP, authorizes grants of unit options thereunder and sets the unit option price and vesting terms of unit options in accordance with the terms of the UOP. No single officer or director of the general partner may acquire more than 314,895 common units under the UOP. The options currently outstanding under the UOP vest over a five-year period, and expire on the tenth anniversary of the date of the grant. The fair value of each option award is estimated on the date of grant using a binomial option valuation model. Expected volatility is based on the historical volatility of Ferrellgas' publicly-traded common units. Historical information is used to estimate option exercise and employee termination behavior. Management believes that there are three groups of employees eligible to participate in the UOP. The expected term of options granted is derived from historical exercise patterns and represents the period of time that options are expected to be outstanding. The risk free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. During the years ended July 31, 2011, 2010 and 2009, the portion of the total non-cash compensation charge relating to the UOP was $13 thousand, $23 thousand and $15 thousand, respectively, and related to grants of unit options to acquire 0.3 million common units.

Ferrell Companies, Inc. Incentive Compensation Plan ("ICP")

The ICP is not a Ferrellgas stock-compensation plan; 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, 2011, 2010 and 2009, the portion of the total non-cash compensation charge relating to the ICP was $13.5 million, $7.8 million and $2.3 million, respectively.

Ferrell Companies is authorized to issue up to 9.25 million stock based awards that are based on shares of Ferrell Companies common stock. The ICP was 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 ICP awards vest ratably over periods ranging from zero to 12 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 or 15 years from the date of issuance. During fiscal 2011, all ICP stock options were exchanged for stock appreciation rights ("SARs") with terms and conditions nearly identical to the stock options they replaced. The fair value of each award is estimated on each balance sheet date using a binomial valuation model.

(17) Income taxes: Ferrellgas Partners is a publicly-traded master limited partnership with one subsidiary that is a taxable corporation. The operating partnership is a limited partnership with four 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 year end and its calendar tax year end.

Income tax expense consisted of the following:


	For the year ended July 31,
	2011	2010	2009
Current expense	$ 490	$1,477	$1,904
Deferred expense	751	439	388
Income tax expense	$1,241	$1,916	$2,292

Deferred taxes consisted of the following:


	2011	2010
Deferred tax assets	$ 992	$ 1,030
Deferred tax liabilities	(3,194)	(2,481)
Net deferred tax liability	$(2,202)	$(1,451)

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

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

(20) Segment information: Ferrellgas is a single reportable operating segment engaging in the distribution of propane and related equipment and supplies to customers primarily in the United States.

(21) New accounting standards:

FASB Accounting Standard Update No. 2011-05: In June 2011, the Financial Accounting Standards Board ("FASB") issued FASB Accounting Standard Update No. 2011-05 (ASU 2011-05), which revises the presentation of comprehensive income in the financial statements. The new guidance requires entities to report components of comprehensive income in either a continuous statement of comprehensive income or two separate but consecutive statements. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Ferrellgas does not expect the adoption of this guidance in fiscal 2013 to have a significant impact on its financial position, results of operations or cash flows.

Transfers of financial assets and variable interest entities

In June 2009, the 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 VIEs. The provisions of these amendments require Ferrellgas to evaluate all VIEs 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 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 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 a single reportable operating segment 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. 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.

(3) 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 material intercompany accounts and transactions. Ferrellgas, L.P. consolidates the following wholly-owned taxable corporations: Blue Rhino Global Sourcing, Inc. and Blue Rhino Canada, Inc. Ferrellgas Receivables, LLC ("Ferrellgas Receivables"), a wholly-owned consolidated subsidiary, is a special purpose entity that has agreements with Ferrellgas, L.P. to securitize, on an ongoing basis, a portion of its trade accounts receivable.

(4) Supplemental cash flow information: 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,
	2011	2010	2009
CASH PAID FOR:
Interest	$72,211	$66,223	$59,626
Income taxes	$ 575	$ 1,524	$ 1,374
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with acquisitions	$ 2,940	$ 3,061	$ 5,515
Issuance of liabilities in connection with acquisitions	$ 2,290	$ 5,494	$ 1,673
Property, plant and equipment additions	$ 807	$ 593	$ 973

See Note B – Summary of significant accounting policies - (20) 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.

(5) Accounts receivable securitization: Through its wholly-owned and consolidated subsidiary 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 - (20) New accounting standards – Transfers of financial assets and variable interest entities – below regarding new accounting guidance for financial asset transfers and variable interest entities ("VIEs") that was effective August 1, 2010.

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

(7) Property, plant and equipment: Property, plant and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and routine repairs are expensed as incurred. Ferrellgas, L.P. capitalizes computer software, equipment replacement and betterment expenditures that upgrade, replace or completely rebuild major mechanical components and extend the original useful life of the equipment. Depreciation is calculated using the straight-line method based on the estimated useful lives of the assets ranging from two to 30 years. Ferrellgas, L.P., using its best estimates based on reasonable and supportable assumptions and projections, reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of its assets might not be recoverable. See Note E – Supplemental financial statement information – for further discussion of property, plant and equipment.

(8) Goodwill: Ferrellgas, L.P. records goodwill as the excess of the cost of acquisitions over the fair value of the related net assets at the date of acquisition. Goodwill is subject to at least an annual assessment for impairment by applying a fair-value-based 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, an indication exists that the reporting unit's goodwill may be impaired and the second step of the impairment test must be performed. In the second step, the implied fair value of the goodwill is determined by allocating the fair value of all of its assets (recognized and unrecognized) and liabilities to it carrying amount. Ferrellgas, L.P. has completed the impairment test for each of its reporting units and determined that no impairment existed as of January 31, 2011.

(9) Intangible assets: Intangible assets with finite useful lives, consisting primarily of customer lists, non-compete agreements 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. 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 might not be recoverable. Ferrellgas, L.P. tests indefinite-lived intangible assets for impairment annually on January 31 or more frequently if circumstances dictate. Ferrellgas, L.P. has not recognized impairment losses as a result of these tests. When necessary, intangible assets' useful lives are revised and the impact on amortization reflected on a prospective basis. See Note G – Goodwill and intangible assets, net – for further discussion of intangible assets.

(10) Derivatives and hedging activities: Ferrellgas, L.P.'s overall objective for entering into derivative contracts, including commodity options and swaps, is to hedge a portion of its exposure to market fluctuations in propane prices. These financial instruments are formally designated and documented as a hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transaction. 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. The fair value of these derivatives fluctuates over the length of the contracts. These 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 earnings. Ferrellgas, L.P. also enters into derivative contracts that qualify for the normal purchase normal sales exception within GAAP guidance. 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" or "Other current liabilities" on the consolidated balance sheets with changes in fair value reported in other comprehensive income.

(11) Revenue recognition: Revenues from the distribution of propane and other gas liquids, including revenues from customer deposits and advances, are recognized by Ferrellgas, L.P. at the time product is delivered to its customers. 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 tank rentals are recognized on a straight-line basis over one year.

(12) Shipping and handling expenses: Shipping and handling expenses related to delivery personnel, vehicle repair and maintenance and general liability expenses are classified within "Operating expense" in the consolidated statements of earnings. Depreciation expenses on delivery vehicles Ferrellgas, L.P. owns are classified within "Depreciation and amortization expense." Delivery vehicles and distribution technology leased by Ferrellgas, L.P. are classified within "Equipment lease expense." See Note E – Supplemental financial statement information – for the financial statement presentation of shipping and handling expenses.

(13) Cost of product sold: "Cost of product sold – 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 product sold – other" primarily includes costs related to the sale of propane appliances and equipment.

(16)Stock-based and unit option plans:

Ferrellgas Unit Option Plan ("UOP")

The UOP is authorized to issue options covering up to 1.35 million common units to employees of the general partner or its affiliates. The Compensation Committee of the Board of Directors of the general partner administers the UOP, authorizes grants of unit options thereunder and sets the unit option price and vesting terms of unit options in accordance with the terms of the UOP. No single officer or director of the general partner may acquire more than 314,895 common units under the UOP. The options currently outstanding under the UOP vest over a five-year period, and expire on the tenth anniversary of the date of the grant. The fair value of each option award is estimated on the date of grant using a binomial option valuation model. Expected volatility is based on the historical volatility of Ferrellgas Partners' publicly-traded common units. Historical information is used to estimate option exercise and employee termination behavior. Management believes that there are three groups of employees eligible to participate in the UOP. The expected term of options granted is derived from historical exercise patterns and represents the period of time that options are expected to be outstanding. The risk free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. During the years ended July 31, 2011, 2010 and 2009, the portion of the total non-cash compensation charge relating to the UOP was $13 thousand, $23 thousand and $15 thousand, respectively, and related to grants of unit options to acquire 0.3 million common units.

Ferrell Companies, Inc. Incentive Compensation Plan ("ICP")

The ICP is not a Ferrellgas, L.P. stock-compensation plan; 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, 2011, 2010 and 2009, the portion of the total non-cash compensation charge relating to the ICP was $13.5 million, $7.8 million and $2.3 million, respectively.

(17) Income taxes: Ferrellgas, L.P. is a limited partnership and owns four 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 year end and limited partners tax year end.

Income tax expense consisted of the following:


	For the year ended July 31,
	2011	2010	2009
Current expense	$ 474	$1,451	$1,820
Deferred expense	751	439	388
Income tax expense	$1,225	$1,890	$2,208

Deferred taxes consisted of the following:


	2011	2010
Deferred tax assets	$ 992	$ 1,030
Deferred tax liabilities	(3,194)	(2,481)
Net deferred tax liability	$(2,202)	$(1,451)

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

(19) Segment information: Ferrellgas, L.P. is a single reportable operating segment engaging in the distribution of propane and related equipment and supplies to customers primarily in the United States.

(20) New accounting standards:

FASB Accounting Standard Update No. 2011-05

In June 2011, the Financial Accounting Standards Board ("FASB") issued FASB Accounting Standard Update No. 2011-05 (ASU 2011-05), which revises the presentation of comprehensive income in the financial statements. The new guidance requires entities to report components of comprehensive income in either a continuous statement of comprehensive income or two separate but consecutive statements. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Ferrellgas, L.P. does not expect the adoption of this guidance in fiscal 2013 to have a significant impact on its financial position, results of operations or cash flows.

Transfers of financial assets and variable interest entities

In June 2009, the 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 VIEs. The provisions of these amendments require Ferrellgas, L.P. to evaluate all VIEs 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."

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Business Combinations

12 Months Ended

Jul. 31, 2011

Business Combinations

C. Business combinations

Business combinations are accounted for under the purchase method 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 earnings from the date of acquisition. The pro forma effect of these transactions was not material to Ferrellgas' balance sheet or results of operations.

During fiscal 2011, Ferrellgas acquired propane distribution assets with an aggregate value of $12.6 million in the following five transactions:

·Beatty's Gas, based in Pennsylvania, acquired October 2010;

·Kings River Propane, based in California, acquired December 2010;

·Bennett Gas Company, based in Georgia, acquired December 2010;

·Ram Propane, based in Wyoming, acquired March 2011; and

·Williams Panhandle Propane, based in Florida, acquired July 2011.

These acquisitions were funded by $7.3 million in cash payments, the issuances of $2.4 million of liabilities and other costs and considerations, and $2.9 million of common units, net of issuance costs.

The aggregate fair values of these five transactions were allocated as follows:


Customer tanks, buildings, land and other		$ 7,746
Non-compete agreements		1,684
Goodwill		5
Customer lists		3,151
		$12,586

The estimated fair values and useful lives of assets acquired are based on a preliminary internal 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.

During fiscal 2010, Ferrellgas acquired propane distribution assets with an aggregate value of $45.1 million in the following transaction:

·Vanson, LLC, based in Michigan, acquired September 2009.

This acquisition was funded by $36.5 million in cash payments, the issuances of $5.5 million of liabilities and other costs and considerations, and $3.1 million of common units, net of issuance costs.

The aggregate fair value of this transaction was allocated as follows:


Customer tanks, buildings, land and other		$14,707
Non-compete agreements		3,271
Customer lists		27,136
		$45,114

The estimated fair values and useful lives of assets acquired are based on an internal valuation and included only minor adjustments during the 12 month period after the date of acquisition.

During fiscal 2009, Ferrellgas acquired propane distribution assets with an aggregate value of $10.0 million in the following four transactions:

·Lorensen Propane Gas, Inc., based in California, acquired September 2008;

·HBH Gas Systems, LLC – Austin's Colony Phase 5, based in Texas, acquired September 2008;

·Ottawa Cooperative, based in Kansas, acquired May 2009; and

·Town & Country Propane, Inc, based in Missouri, acquired July 2009.

These acquisitions were funded by $2.7 million in cash payments, the issuances of $1.8 million of liabilities and other costs and considerations, and $5.5 million of common units, net of issuance costs.

The aggregate fair values of these four transactions were allocated as follows:


Customer tanks, buildings, land and other		$3,031
Non-compete agreements		1,438
Customer lists		5,475
Working capital		6
		$9,950

The estimated fair values and useful lives of assets acquired are based on an internal valuation and included only minor adjustments during the 12 month period after the date of acquisition.

Ferrellgas, L.P. And Subsidiaries [Member]

Business Combinations

C. Business combinations

During fiscal 2011, Ferrellgas, L.P. acquired propane distribution assets with an aggregate value of $12.6 million in the following five transactions:

·Beatty's Gas, based in Pennsylvania, acquired October 2010;

·Kings River Propane, based in California, acquired December 2010;

·Bennett Gas Company, based in Georgia, acquired December 2010;

·Ram Propane, based in Wyoming, acquired March 2011; and

·Williams Panhandle Propane, based in Florida, acquired July 2011.

These acquisitions were funded by $7.3 million in cash payments, the issuances of $2.4 million of liabilities and other costs and considerations, and the contribution of net assets of $2.9 million from Ferrellgas Partners.

The aggregate fair values of these five transactions were allocated as follows:


Customer tanks, buildings, land and other		$ 7,746
Non-compete agreements		1,684
Goodwill		5
Customer lists		3,151
		$12,586

The estimated fair values and useful lives of assets acquired are based on a preliminary internal 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.

During fiscal 2010, Ferrellgas, L.P. acquired propane distribution assets with an aggregate value of $45.1 million in the following transaction:

·Vanson, LLC, based in Michigan, acquired September 2009.

This acquisition was funded by $36.5 million in cash payments, the issuances of $5.5 million of liabilities and other costs and considerations, and the contribution of net assets of $3.1 million from Ferrellgas Partners.

The aggregate fair value of this transaction was allocated as follows:


Customer tanks, buildings, land and other		$14,707
Non-compete agreements		3,271
Customer lists		27,136
		$45,114

The estimated fair values and useful lives of assets acquired are based on an internal valuation and included only minor adjustments during the 12 month period after the date of acquisition.

During fiscal 2009, Ferrellgas, L.P. acquired propane distribution assets with an aggregate value of $10.0 million in the following four transactions:

·Lorensen Propane Gas, Inc., based in California, acquired September 2008;

·HBH Gas Systems, LLC – Austin's Colony Phase 5, based in Texas, acquired September 2008;

·Ottawa Cooperative, based in Kansas, acquired May 2009; and

·Town & Country Propane, Inc, based in Missouri, acquired July 2009.

These acquisitions were funded by $2.7 million in cash payments, the issuances of $1.8 million of liabilities and other costs and considerations, and the contribution of net assets of $5.5 million from Ferrellgas Partners.

The aggregate fair values of these four transactions were allocated as follows:


Customer tanks, buildings, land and other		$3,031
Non-compete agreements		1,438
Customer lists		5,475
Working capital		6
		$9,950

The estimated fair values and useful lives of assets acquired are based on an internal valuation and included only minor adjustments during the 12 month period after the date of acquisition.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Supplemental Financial Statement Information

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-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1524-128463

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-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 88-16

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51, 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Appendix F

-Paragraph F4

-Subparagraph e

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-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 67-73

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+ Details

Quarterly Distributions Of Available Cash	12 Months Ended
Quarterly Distributions Of Available Cash	Jul. 31, 2011
Quarterly Distributions Of Available Cash	D. Quarterly distributions of available cash Ferrellgas Partners makes quarterly cash distributions of all of its "available cash." Available cash is defined in the partnership agreement of Ferrellgas Partners as, generally, the sum of its consolidated cash receipts less consolidated cash disbursements and net changes in reserves established by the general partner for future requirements. Reserves are retained in order to provide for the proper conduct of Ferrellgas Partners' business, or to provide funds for distributions with respect to any one or more of the next four fiscal quarters. Distributions are made within 45 days after the end of each fiscal quarter ending October, January, April and July to holders of record on the applicable record date. Distributions by Ferrellgas Partners in an amount equal to 100% of its available cash, as defined in its partnership agreement, will be made to the common unitholders and the general partner. Additionally, the payment of incentive distributions to the holders of incentive distribution rights will be made to the extent that certain target levels of cash distributions are achieved.
Ferrellgas, L.P. And Subsidiaries [Member]
Quarterly Distributions Of Available Cash	D. Quarterly distributions of available cash Ferrellgas, L.P. makes quarterly cash distributions of all of its "available cash." Available cash is defined in the partnership agreement of Ferrellgas, L.P. as, generally, the sum of its consolidated cash receipts less consolidated cash disbursements and net changes in reserves established by the general partner for future requirements. Reserves are retained in order to provide for the proper conduct of Ferrellgas, L.P.'s business, or to provide funds for distributions with respect to any one or more of the next four fiscal quarters. Distributions are made within 45 days after the end of each fiscal quarter ending October, January, April, and July. Distributions by Ferrellgas, L.P. in an amount equal to 100% of its available cash, as defined in its partnership agreement, will be made approximately 99% to Ferrellgas Partners and approximately 1% to the general partner.

Supplemental Financial Statement Information

12 Months Ended

Jul. 31, 2011

E. Supplemental financial statement information

Inventories consist of the following:


	2011	2010
Propane gas and related products	$113,826	$146,805
Appliances, parts and supplies	22,313	20,106
Inventories	$136,139	$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 July 31, 2011, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 50.1 million gallons of propane at fixed prices.

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

	Estimated
	useful lives	2011	2010
Land	Indefinite	$ 30,920	$ 30,566
Land improvements	2-20	11,200	11,108
Buildings and improvements	20	66,043	66,114
Vehicles, including transport trailers	8-20	104,188	99,246
Bulk equipment and district facilities	5-30	105,485	103,748
Tanks, cylinders and customer equipment	2-30	778,599	770,865
Computer and office equipment	2-5	116,281	115,189
Construction in progress	n/a	3,154	2,823
		1,215,870	1,199,659
Less: accumulated depreciation		573,665	546,891
Property, plant and equipment, net		$642,205	$652,768

Depreciation expense totaled $58.7 million, $61.3 million and $62.3 million for fiscal 2011, 2010 and 2009, respectively.

Other current liabilities consist of the following:


	2011	2010
Accrued interest	$ 19,779	$ 20,412
Accrued litigation and insurance	16,565	7,928
Accrued payroll	12,974	20,464
Customer deposits and advances	19,784	23,280
Other	35,711	35,970
Other current liabilities	$104,813	$108,054


Loss on disposal of assets and other consists of the following:	For the year ended July 31,
	2011	2010	2009
Loss on disposal of assets	$3,633	$7,296	$ 5,009
Loss on transfer of accounts receivable related to the accounts receivable securitization	-	6,566	12,124
Service income related to the accounts receivable securitization	-	(5,377)	(4,091)
Loss on disposal of assets and other	$3,633	$8,485	$13,042

See Note B – Summary of significant accounting policies - (21) 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 consolidated statements of earnings line items:


	For the year ended July 31,
	2011	2010	2009
Operating expense	$183,899	$183,612	$178,218
Depreciation and amortization expense	6,063	5,601	4,915
Equipment lease expense	12,823	14,192	17,541
	$202,785	$203,405	$200,674

Ferrellgas, L.P. And Subsidiaries [Member]

Supplemental Financial Statement Information

E. Supplemental financial statement information

Inventories consist of the following:


	2011	2010
Propane gas and related products	$113,826	$146,805
Appliances, parts and supplies	22,313	20,106
Inventories	$136,139	$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 July 31, 2011, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 50.1 million gallons of propane at fixed prices.

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

	Estimated
	useful lives	2011	2010
Land	Indefinite	$ 30,920	$ 30,566
Land improvements	2-20	11,200	11,108
Buildings and improvements	20	66,043	66,114
Vehicles, including transport trailers	8-20	104,188	99,246
Bulk equipment and district facilities	5-30	105,485	103,748
Tanks, cylinders and customer equipment	2-30	778,599	770,865
Computer and office equipment	2-5	116,281	115,189
Construction in progress	n/a	3,154	2,823
		1,215,870	1,199,659
Less: accumulated depreciation		573,665	546,891
Property, plant and equipment, net		$642,205	$652,768

Depreciation expense totaled $58.7 million, $61.3 million and $62.3 million for fiscal 2011, 2010 and 2009, respectively.

Other current liabilities consist of the following:


	2011	2010
Accrued interest	$ 17,773	$ 17,324
Accrued litigation and insurance	16,565	7,928
Accrued payroll	12,974	20,464
Customer deposits and advances	19,784	23,280
Other	35,578	35,739
Other current liabilities	$102,674	$104,735


Loss on disposal of assets and other consists of the following:	For the year ended July 31,
	2011	2010	2009
Loss on disposal of assets	$3,633	$7,296	$ 5,009
Loss on transfer of accounts receivable related to the accounts receivable securitization	-	6,566	12,124
Service income related to the accounts receivable securitization	-	(5,377)	(4,091)
Loss on disposal of assets and other	$3,633	$8,485	$13,042

See Note B – Summary of significant accounting policies - (20) 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 consolidated statements of earnings line items:


	For the year ended July 31,
	2011	2010	2009
Operating expense	$183,899	$183,612	$178,218
Depreciation and amortization expense	6,063	5,601	4,915
Equipment lease expense	12,823	14,192	17,541
	$202,785	$203,405	$200,674

Accounts And Notes Receivable, Net And Accounts Receivable Securitization

12 Months Ended

Jul. 31, 2011

Accounts And Notes Receivable, Net And Accounts Receivable Securitization

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

Accounts and notes receivable, net consist of the following:

	2011	2010
Accounts receivable pledged as collateral	$112,509	$ -
Accounts receivable	51,104	33,725
Note receivable from Ferrellgas Receivables	-	44,927
Retained interest in Ferrellgas Receivables	-	15,323
Other	229	269
Less: Allowance for doubtful accounts	(4,310)	(5,010)
Accounts and notes receivable, net	$159,532	$89,234

See Note B – Summary of significant accounting policies - (21) 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 July 31, 2011, $112.5 million of trade accounts receivable were pledged as collateral against $61.0 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 July 31, 2011, the operating partnership had received cash proceeds of $61.0 million from trade accounts receivables securitized, with the ability to receive proceeds of an additional $3.0 million. As of July 31, 2010, the operating partnership had received cash proceeds of $47.0 million from trade accounts receivables securitized, with the ability to receive proceeds of an additional $11.0 million. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 3.6% and 3.5% as of July 31, 2011 and 2010, respectively.

Ferrellgas, L.P. And Subsidiaries [Member]

Accounts And Notes Receivable, Net And Accounts Receivable Securitization

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

Accounts and notes receivable, net consist of the following:

	2011	2010
Accounts receivable pledged as collateral	$ 112,509	$ -
Accounts receivable	51,104	33,725
Note receivable from Ferrellgas Receivables	-	44,927
Retained interest in Ferrellgas Receivables	-	15,323
Other	229	269
Less: Allowance for doubtful accounts	(4,310)	(5,010)
Accounts and notes receivable, net	$159,532	$89,234

See Note B – Summary of significant accounting policies - (20) 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 July 31, 2011, $112.5 million of trade accounts receivable were pledged as collateral against $61.0 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 July 31, 2011, Ferrellgas, L.P. had received cash proceeds of $61.0 million from trade accounts receivables securitized, with the ability to receive proceeds of an additional $3.0 million. As of July 31, 2010, Ferrellgas, L.P. had received cash proceeds of $47.0 million from trade accounts receivables securitized, with the ability to receive proceeds of an additional $11.0 million. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 3.6% and 3.5% as of July 31, 2011 and 2010, respectively.

The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.

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-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

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-Number 210

-Section 03

-Paragraph 7

-Article 9

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-Publisher AICPA

-Name Statement of Position (SOP)

-Number 01-6

-Paragraph 13

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Number 210

-Article 4

-Section 08

-Paragraph k

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-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

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-Paragraph 1

-Subparagraph (SX 210.4-08.(k))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524

+ Details

Goodwill And Intangible Assets, Net

12 Months Ended

Jul. 31, 2011

G. Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of:


	July 31, 2011				July 31, 2010
	Gross carrying amount	Accum-ulated amortization	Net	Gross carrying amount		Accum-ulated amortization	Net
Goodwill, net	$248,944	$ -	$248,944	$248,939		$ -	$248,939

Intangible Assets, net
Amortized intangible assets
Customer lists	$398,835	$(263,631)	$135,204	$395,682		$(244,197)	$151,485
Non-compete agreements	46,024	(37,189)	8,835	44,341		(35,203)	9,138
Other	3,507	(2,540)	967	3,507		(2,190)	1,317
	448,366	(303,360)	145,006	443,530		(281,590)	161,940

Unamortized intangible assets
Trade names & trademarks	59,130	-	59,130	59,117		-	59,117
Total intangible assets, net	$507,496	$(303,360)	$204,136	$502,647		$(281,590)	$221,057

Customer lists have estimated lives of 15 years, while non-compete agreements and other intangible assets have estimated lives ranging from two to ten 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.

Aggregate amortization expense:

For the year ended July 31,

2011 $23,766

2010 21,180

2009 20,166

Estimated amortization expense:

For the year ended July 31,

2013 20,656

2014 17,389

2015 14,561

2016 14,390

Ferrellgas, L.P. And Subsidiaries [Member]

G. Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of:


	July 31, 2011			July 31, 2010
	Gross carrying amount	Accum-ulated amortization	Net	Gross carrying amount	Accum-ulated amortization	Net
Goodwill, net	$248,944	$ -	$248,944	$248,939	$ -	$248,939
Intangible assets, net Amortized intangible assets
Customer lists	$398,835	$(263,631)	$135,204	$395,682	$(244,197)	$151,485
Non-compete agreements	46,024	(37,189)	8,835	44,341	(35,203)	9,138
Other	3,507	(2,540)	967	3,507	(2,190)	1,317
	448,366	(303,360)	145,006	443,530	(281,590)	161,940

Unamortized intangible assets
Trade names & trademarks	59,130	-	59,130	59,117	-	59,117
Total intangible assets, net	$507,496	$(303,360)	$204,136	$502,647	$(281,590)	$221,057

Customer lists have estimated lives of 15 years, while non-compete agreements and other intangible assets have estimated lives ranging from two to ten 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.

Aggregate amortization expense:

For the year ended July 31,

2011 $23,766

2010 21,180

2009 20,166

Estimated amortization expense:

For the year ended July 31,

2013 20,656

2014 17,389

2015 14,561

2016 14,390

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

Debt

12 Months Ended

Jul. 31, 2011

Debt

H. Debt

Short-term borrowings

Ferrellgas classified a portion of its secured 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 July 31, 2011 and 2010, $64.9 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:

	2011	2010
Senior notes
Fixed rate, 6.50%, due 2021 (1)	$ 500,000	$ -
Fixed rate, 6.75%, due 2014, net of unamortized discount of $21,974 at July 31, 2010	-	428,026
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,472
and $3,870 at July 31, 2011 and 2010, respectively (2)	296,528	296,130
Fixed rate, 8.625%, due 2020 (3)	182,000	280,000

Secured credit facility, variable interest rate, expiring November 2012
(net of $64.9 million and $67.2 million classified as short-term borrowings at July 31, 2011 and 2010, respectively)	64,573	99,797

Notes payable, 9.2% and 9.5% weighted average interest rate at July 31, 2011 and 2010, respectively, due 2011 to 2020, net of unamortized discount of $2,805 and $2,876 at July 31, 2011 and 2010, respectively	10,376	9,475
	1,053,477	1,113,428
Less: current portion, included in other current liabilities on the consolidated balance sheets	2,557	2,340
Long-term debt	$1,050,920	$1,111,088

(1)

On November 24, 2010, the operating partnership issued $500.0 million of its fixed rate senior notes. These notes are general unsecured senior obligations of the operating partnership and are effectively junior to all future senior secured indebtedness of the operating partnership, to the extent of the value of the assets securing the debt, and are structurally subordinated to all existing and future indebtedness and obligations of the operating partnership. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on May 1 and November 1 of each year. The outstanding principal amount is due on May 1, 2021. The operating partnership would incur prepayment penalties if it were to repay the notes prior to 2019.

(2)

On September 14, 2009, the operating partnership issued $300.0 million of its fixed rate senior notes with a debt discount of $4.2 million that will be amortized to interest expense through 2017. These notes are senior unsecured obligations of the operating partnership and rank on an equal basis in right of payment with all senior indebtedness of the operating partnership, are senior to all subordinated indebtedness of the operating partnership and are junior to all secured indebtedness of the operating partnership. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on April 1 and October 1 of each year. The outstanding principal amount is due on October 1, 2017. The operating partnership would incur prepayment penalties if it were to repay the notes prior to 2015.

(3)

On April 13, 2010, Ferrellgas Partners issued $280.0 million of its fixed rate senior notes. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on June 15 and December 15 of each year. Ferrellgas Partners would incur prepayment penalties if it were to repay the notes prior to 2018.

Senior notes

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 expenses of the offering. These proceeds were used to redeem all of its $450.0 million 6.75% fixed rate senior notes due 2014, to fund the related $11.1 million make-whole payments and to pay $2.4 million of accrued interest. The remaining proceeds were used to reduce outstanding indebtedness under the secured credit facility. This debt redemption transaction also resulted in $25.3 million of non-cash write-offs of unamortized discount on debt and related capitalized debt costs. During July 2011, the operating partnership completed an offer to exchange $500.0 million principal amount of 6.50% senior notes due 2021, which have been registered under the Securities Act of 1933, as amended, for a like principal amount of their outstanding and unregistered notes which were issued on November 24, 2010.

During March 2011, Ferrellgas Partners redeemed $98.0 million of its $280.0 million 8.625% fixed rate senior notes due 2020, paid an $8.4 million make-whole payment and paid $2.4 million of accrued interest. This debt redemption transaction also resulted in $2.2 million of the non-cash write-off of related capitalized debt costs.

During August 2009, Ferrellgas made scheduled principal payments of $73.0 million on the 8.87% Series C senior notes. During September 2009, Ferrellgas issued $300.0 million in aggregate principal amount of new 9.125% senior notes due 2017 at an offering price equal to 98.6% of par with the proceeds used to fund the October 2009 note payments discussed below and to reduce borrowings on the unsecured credit facility due April 2010.

During October 2009, Ferrellgas prepaid the outstanding principal amount on its $82.0 million 7.24% series D notes due August 1, 2010 and its $70.0 million 7.42% series E notes due August 1, 2013 and the related prepayment premiums of $17.3 million.

During April 2010, Ferrellgas Partners completed a public offering of $280.0 million in aggregate principal amount of new 8.625% senior unsecured notes due 2020. Ferrellgas Partners used the net proceeds of approximately $273.4 million to redeem its $268.0 million 8.75% senior notes due 2012 and to pay the related prepayment premiums of $3.4 million.

Secured credit facility

During November 2009, Ferrellgas closed on a secured credit facility that 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 secured 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 July 31, 2011, Ferrellgas had total borrowings outstanding under its secured credit facility of $129.5 million, of which $64.6 million was classified as long-term debt. As of July 31, 2010, Ferrellgas had total borrowings outstanding under its secured credit facility of $167.0 million, of which $99.8 million was classified as long-term debt.

Borrowings under the secured credit facility had a weighted average interest rate of 6.53% and 5.91% at July 31, 2011 and 2010, respectively. All borrowings under the secured 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 July 31, 2011 and 2010, the margin was 3.00% and 2.75%, respectively); 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 July 31, 2011 and 2010, the margin was 4.00% and 3.75%, respectively).

As of July 31, 2011, the federal funds rate and Bank of America's prime rate were 0.11% and 3.25%, respectively. As of July 31, 2010, the federal funds rate and Bank of America's prime rate were 0.18% and 3.25%, respectively. As of July 31, 2011, the one-month and three-month Eurodollar Rates were 0.22% and 0.34%, respectively. As of July 31, 2010, the one-month and three-month Eurodollar Rates were 0.40% and 0.60%, 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 July 31, 2011 totaled $47.5 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 July 31, 2011, Ferrellgas had available letter of credit remaining capacity of $152.5 million. At July 31, 2010, Ferrellgas had available letter of credit remaining capacity of $152.9 million. Ferrellgas incurred commitment fees of $1.1 million, $0.9 million and $0.9 million in fiscal 2011, 2010 and 2009, respectively.

See Note P – Subsequent events – for discussion about an amendment to the secured credit facility.

Covenants

The senior notes and the credit facility agreement contain various restrictive covenants applicable to Ferrellgas and its subsidiaries, the most restrictive relating to additional indebtedness. In addition, Ferrellgas Partners is prohibited from making cash distributions of the minimum quarterly distribution if a default or event of default exists or would exist upon making such distribution, or if Ferrellgas fails to meet certain coverage tests. As of July 31, 2011, Ferrellgas is in compliance with all requirements, tests, limitations and covenants related to these debt agreements.

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

For the fiscal year ending July 31,	Scheduled annual principal payments
2012	$ 2,557
2013	2,096
2014	2,079
2015	2,028
2016	1,976
Thereafter	1,049,018
Total	$1,059,754

See Note P – Subsequent events – for discussion about the effect of an amendment to the secured credit facility on scheduled annual principal payments.

The carrying amount of short-term financial instruments approximates fair value because of the short maturity of the instruments. The estimated fair value of Ferrellgas' long-term debt instruments was $1,134.2 million and $1,231.8 million as of July 31, 2011 and 2010, respectively. The fair value is estimated based on quoted market prices.

Ferrellgas, L.P. And Subsidiaries [Member]

Debt

H. Debt

Short-term borrowings

Ferrellgas, L.P. classified a portion of its secured 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 July 31, 2011 and 2010, $64.9 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:

	2011	2010
Senior notes
Fixed rate, 6.50%, due 2021 (1)	$ 500,000	$ -
Fixed rate, 6.75%, due 2014, net of unamortized discount of $21,974 at July 31, 2010	-	428,026
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,472 and $3,870 at July 31, 2011 and 2010, respectively (2)	296,528	296,130

Secured credit facility, variable interest rate, expiring November 2012
(net of $64.9 million and $67.2 million classified as short- term borrowings at July 31, 2011 and 2010, respectively)	64,573	99,797

Notes payable, 9.2% and 9.5% weighted average interest rate at July 31, 2011 and 2010, respectively, due 2011 to 2020, net of unamortized discount of $2,805 and $2,876 at July 31, 2011 and 2010, respectively	10,376	9,475
	871,477	833,428
Less: current portion, included in other current liabilities on the consolidated balance sheets	2,557	2,340
Long-term debt	$868,920	$831,088

(1)

On November 24, 2010, Ferrellgas, L.P. issued $500.0 million of its fixed rate senior notes. These notes are general unsecured senior obligations of Ferrellgas, L.P. and are effectively junior to all future senior secured indebtedness of Ferrellgas, L.P., to the extent of the value of the assets securing the debt, and are structurally subordinated to all existing and future indebtedness and obligations of Ferrellgas, L.P. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on May 1 and November 1 of each year. The outstanding principal amount is due on May 1, 2021. Ferrellgas, L.P. would incur prepayment penalties if it were to repay the notes prior to 2019.

(2)

On September 14, 2009, Ferrellgas, L.P. issued $300.0 million of its fixed rate senior notes with a debt discount of $4.2 million that will be amortized to interest expense through 2017. These notes are senior unsecured obligations of Ferrellgas, L.P. and rank on an equal basis in right of payment with all senior indebtedness of Ferrellgas, L.P., are senior to all subordinated indebtedness of Ferrellgas, L.P. and are junior to all secured indebtedness of Ferrellgas, L.P. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on April 1 and October 1 of each year. The outstanding principal amount is due on October 1, 2017. Ferrellgas, L.P. would incur prepayment penalties if it were to repay the notes prior to 2015.

Senior notes

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 expenses of the offering. These proceeds were used to redeem all of its $450.0 million 6.75% fixed rate senior notes due 2014, to fund the related $11.1 million make-whole payments and to pay $2.4 million of accrued interest. The remaining proceeds were used to reduce outstanding indebtedness under the secured credit facility. This debt redemption transaction also resulted in $25.3 million of non-cash write-offs of unamortized discount on debt and related capitalized debt costs. During July 2011, Ferrellgas, L.P. completed an offer to exchange $500.0 million principal amount of 6.50% senior notes due 2021, which have been registered under the Securities Act of 1933, as amended, for a like principal amount of their outstanding and unregistered notes which were issued on November 24, 2010.

During August 2009, Ferrellgas, L.P. made scheduled principal payments of $73.0 million on the 8.87% Series C senior notes. During September 2009, Ferrellgas, L.P. issued $300.0 million in aggregate principal amount of new 9.125% senior notes due 2017 at an offering price equal to 98.6% of par with the proceeds used to fund the October 2009 note payments discussed below and to reduce borrowings on the unsecured credit facility due April 2010.

During October 2009, Ferrellgas, L.P. prepaid the outstanding principal amount on its $82.0 million 7.24% series D notes due August 1, 2010 and its $70.0 million 7.42% series E notes due August 1, 2013 and the related prepayment premiums of $17.3 million.

Secured credit facility

During November 2009, Ferrellgas, L.P. closed on a secured credit facility that 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 July 31, 2011, Ferrellgas, L.P. had total borrowings outstanding under its secured credit facility of $129.5 million, of which $64.6 million was classified as long-term debt. As of July 31, 2010, Ferrellgas, L.P. had total borrowings outstanding under its secured credit facility of $167.0 million, of which $99.8 million was classified as long-term debt.

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 July 31, 2011 totaled $47.5 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 July 31, 2011, Ferrellgas, L.P. had available letter of credit remaining capacity of $152.5 million. At July 31, 2010, Ferrellgas, L.P. had available letter of credit remaining capacity of $152.9 million. Ferrellgas, L.P. incurred commitment fees of $1.1 million, $0.9 million and $0.9 million in fiscal 2011, 2010 and 2009, respectively.

See Note O – Subsequent events – for discussion about an amendment to the secured credit facility.

Covenants

The senior notes and the credit facility agreement contain various restrictive covenants applicable to Ferrellgas, L.P. and its subsidiaries, the most restrictive relating to additional indebtedness. In addition, Ferrellgas, L.P. is prohibited from making cash distributions if a default or event of default exists or would exist upon making such distribution, or if Ferrellgas, L.P. fails to meet certain coverage tests. As of July 31, 2011, Ferrellgas, L.P. is in compliance with all requirements, tests, limitations and covenants related to these debt agreements.

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

For the fiscal year ending July 31,	Scheduled annual principal payments
2012	$ 2,557
2013	2,096
2014	2,079
2015	2,028
2016	1,976
Thereafter	867,018
Total	$877,754

See Note O – Subsequent events – for discussion about the effect of an amendment to the secured credit facility on scheduled annual principal payments.

The carrying amount of short-term financial instruments approximates fair value because of the short maturity of the instruments. The estimated fair value of Ferrellgas, L.P.'s long-term debt instruments was $941.3 million and $940.6 million as of July 31, 2011 and 2010, respectively. The fair value is estimated based on quoted market prices.

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+ Details

Partners' Capital

12 Months Ended

Jul. 31, 2011

Partners' Capital

I. Partners' capital

As of July 31, 2011 and 2010, limited partner units were beneficially owned by the following:

	2011	2010
Public common unitholders (1)	51,285,212	44,840,677
Ferrell Companies (2)	20,080,776	20,080,776
FCI Trading Corp. (3)	195,686	195,686
Ferrell Propane, Inc. (4)	51,204	51,204
James E. Ferrell (5)	4,353,475	4,353,475

(1) These common units are listed on the New York Stock Exchange under the symbol "FGP."

(2) Ferrell Companies is the owner of the general partner and a 26% owner of Ferrellgas Partner's common units and thus a related party.

(3) FCI Trading Corp. ("FCI Trading") is an affiliate of the general partner and thus a related party.

(4) Ferrell Propane, Inc. ("Ferrell Propane") is controlled by the general partner and thus a related party.

(5) James E. Ferrell ("Mr. Ferrell") is the Executive Chairman and Chairman of the Board of Directors of the general partner and thus a related party.

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

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

Ferrellgas maintains shelf registration statements for the issuance of common units, and other securities that may include deferred participation units, warrants and debt securities. The Partnership Agreement allows the general partner to issue an unlimited number of additional Ferrellgas general and limited partner interests and other equity securities of Ferrellgas Partners for such consideration and on such terms and conditions as shall be established by the general partner without the approval of any unitholders.

Partnership distributions paid

Ferrellgas Partners has paid the following distributions:


	For the year ended July 31,
	2011	2010	2009
Public common unitholders	$ 94,188	$ 89,001	$ 81,922
Ferrell Companies	40,160	40,160	40,160
FCI Trading	392	392	392
Ferrell Propane	104	104	104
Mr. Ferrell	8,708	8,708	8,678
General partner	1,450	1,398	1,325
	$145,002	$139,763	$132,581

On August 26, 2011, Ferrellgas Partners declared a cash distribution of $0.50 per common unit for the three months ended July 31, 2011, which was paid on September 14, 2011. Included in this cash distribution were the following amounts paid to related parties:

Ferrell Companies	$10,040
FCI Trading	98
Ferrell Propane	26
Mr. Ferrell	2,179
General partner	384

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

Common unit issuances

During fiscal 2011, Ferrellgas Partners 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 operating partnership's secured credit facility.

During fiscal 2011, Ferrellgas Partners completed a registered public offering of 5.1 million common units representing limited partner interests. This transaction was comprised of both an original offering of 4.4 million common units and an over-allotment offering of 0.7 million common units. Net proceeds of approximately $127.3 million were used to redeem $98.0 million of its $280.0 million 8.625% fixed rate senior notes due 2020, to pay the related $8.4 million make-whole payment, to pay $2.4 million of accrued interest and to reduce outstanding indebtedness under the operating partnership's secured credit facility.

During fiscal 2010, Ferrellgas completed an offering of 1.1 million common units representing limited partner interests. The net proceeds of $20.0 million were used to reduce borrowings under Ferrellgas' unsecured credit facility.

During fiscal 2011, Ferrellgas issued 0.1 million common units valued at $2.9 million in connection with acquisitions.

During fiscal 2010, Ferrellgas issued 0.2 million common units valued at $3.1 million in connection with acquisitions.

Other comprehensive income ("OCI")

See Note J – Derivatives – for details regarding changes in fair value on risk management financial derivatives recorded within OCI for the years ended July 31, 2011 and 2010.

General partner's commitment to maintain its capital account

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

During fiscal 2011, the general partner made cash contributions of $3.3 million and non-cash contributions of $0.5 million to Ferrellgas to maintain its effective 2% general partner interest.

During fiscal 2010, the general partner made cash contributions of $0.5 million and non-cash contributions of $0.3 million to Ferrellgas to maintain its effective 2% general partner interest.

Ferrellgas, L.P. And Subsidiaries [Member]

Partners' Capital

I. Partners' capital

Partnership distributions paid

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


	For the year ended July 31,
	2011	2010	2009
Ferrellgas Partners	$272,777	$191,822	$156,031
General partner	$ 2,783	$ 1,958	$ 1,592

On August 26, 2011, Ferrellgas, L.P. declared distributions for the three months ended July 31, 2011 to Ferrellgas Partners and the general partner of $38.4 million and $0.4 million, respectively, which were paid on September 14, 2011.

Partnership contributions

During fiscal 2011, Ferrellgas Partners, L.P. contributed $157.7 million of proceeds from equity offerings to Ferrellgas, L.P. Ferrellgas, L.P. used these proceeds to reduce outstanding indebtedness under its secured credit facility. Ferrellgas, L.P. then distributed $107.9 million of these proceeds to Ferrellgas Partners, L.P. to fund the redemption of $98.0 million of Ferrellgas Partners, L.P.'s $280.0 million 8.625% fixed rate senior notes due 2020 and related make-whole and interest payments.

During fiscal 2010, Ferrellgas, L.P. received cash contributions totaling $51.3 million from Ferrellgas Partners, L.P.

During fiscal 2011 and 2010, Ferrellgas, L.P. received asset contributions of $2.9 million and $3.1 million, respectively, in connection with acquisitions.

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

Other comprehensive income ("OCI")

See Note J – Derivatives – for details regarding changes in fair value on risk management financial derivatives recorded within OCI for the years ended July 31, 2011 and 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.

During fiscal 2011, the general partner made cash contributions of $1.6 million and non-cash contributions of $0.2 million to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

During fiscal 2010, the general partner made cash contributions of $0.5 million and non-cash contributions of $0.2 million to Ferrellgas, L.P. to maintain its 1.0101% general partner interest.

The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units.

+ References+ Details

Derivatives

12 Months Ended

Jul. 31, 2011

Derivatives

J. 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 on Ferrellgas' financial statements until settled.

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 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 years ended July 31, 2011 and 2010, 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 consolidated balance sheets:

	2011	2010
Derivatives – Price risk management assets	$7,637	$1,882
Derivatives – Price risk management liabilities	$2,476	$2,039

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


	For the year ended July 31,
	2011	2010
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$22,676	$12,063
Reclassification of net gains originally recorded within OCI to Cost of product sold – propane and other gas liquids	$17,358	$11,231

Ferrellgas expects to reclassify net gains of approximately $5.2 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 years ended July 31, 2011 and 2010, 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 July 31, 2011, Ferrellgas had financial derivative contracts covering 0.5 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

During the years ended July 31, 2011 and 2010, four counterparties represented 87% and 84%, respectively, of net settled cash flow hedging positions reported in "Cost of product sold – propane and other gas liquids sales." During the years ended July 31, 2011 and 2010, 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 July 31, 2011 and 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

J. 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 on Ferrellgas, L.P.'s financial statements until settled.

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 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 years ended July 31, 2011 and 2010, 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.

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

	2011	2010
Derivatives – Price risk management assets	$7,637	$1,882
Derivatives – Price risk management liabilities	$2,476	$2,039

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


	For the year ended July 31,
	2011	2010
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$22,676	$12,063
Reclassification of net gains originally recorded within OCI to Cost of product sold – propane and other gas liquids	$17,358	$11,231

Ferrellgas, L.P. expects to reclassify net gains of approximately $5.2 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 years ended July 31, 2011 and 2010, 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 July 31, 2011, Ferrellgas, L.P. had financial derivative contracts covering 0.5 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

During the years ended July 31, 2011 and 2010, four counterparties represented 87% and 84%, respectively, of net settled cash flow hedging positions reported in "Cost of product sold – propane and other gas liquids sales." During the years ended July 31, 2011 and 2010, 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.

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

Transactions With Related Parties

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+ Details

Transactions With Related Parties

12 Months Ended

Jul. 31, 2011

K. 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 consolidated statements of earnings as follows:


	For the year ended July 31,
	2011	2010	2009
Operating expense	$206,276	$224,974	$217,374
General and administrative expense	$ 26,777	$ 24,620	$ 23,801

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

Board of Directors

During fiscal 2009, Ferrellgas received payments totaling $0.3 million for services provided to and sublease revenue receipts from Samson Dental Practice Management, LLC, a company wholly-owned by Mr. Ferrell.

Elizabeth Solberg, who was a member of the general partner's Board of Directors during fiscal 2011, serves as the General Manager of Fleishman-Hillard Inc. During fiscal 2011, 2010 and 2009, Ferrellgas paid Fleishman-Hillard Inc. $0.1 million, $0.2 million and $0.2 million, respectively for marketing and communications services.

Ferrellgas, L.P. And Subsidiaries [Member]

Transactions With Related Parties

K.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 consolidated statements of earnings as follows:


	For the year ended July 31,
	2011	2010	2009
Operating expense	$206,276	$224,974	$217,374
General and administrative expense	$ 26,777	$ 24,620	$ 23,801

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

Board of Directors

During fiscal 2009, Ferrellgas, L.P. received payments totaling $0.3 million for services provided to and sublease revenue receipts from Samson Dental Practice Management, LLC, a company wholly-owned by Mr. Ferrell.

Elizabeth Solberg, who was a member of the general partner's Board of Directors during fiscal 2011, serves as the General Manager of Fleishman-Hillard Inc. During fiscal 2011, 2010 and 2009, Ferrellgas, L.P. paid Fleishman-Hillard Inc. $0.1 million, $0.2 million and $0.2 million, respectively for marketing and communications services.

The entire disclosure for related party transactions, including 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.

Contingencies And Commitments

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Contingencies And Commitments

12 Months Ended

Jul. 31, 2011

L. 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. 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 consolidated 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. Ferrellgas believes these claims will not have a material impact beyond the $10.0 million litigation accrual established for these claims during the current year period.

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.

Long-term debt-related commitments

Ferrellgas has long and short-term payment obligations under agreements such as senior notes and its credit facility. See Note H – Debt – for a description of these debt obligations and a schedule of future maturities.

Operating lease commitments and buyouts

Ferrellgas leases certain property, plant and equipment under non-cancelable and cancelable operating leases. Amounts shown in the table below represent minimum lease payment obligations under Ferrellgas' third-party operating leases with terms in excess of one year for the periods indicated. These arrangements include the leasing of transportation equipment, property, computer equipment and propane tanks. Ferrellgas accounts for these arrangements as operating leases.

Ferrellgas is required to recognize a liability for the fair value of guarantees. The only material guarantees Ferrellgas has are associated with residual value guarantees of operating leases. Most of the operating leases involving Ferrellgas' transportation equipment contain residual value guarantees. These transportation equipment lease arrangements are scheduled to expire over the next seven fiscal years. Most of these arrangements provide that the fair value of the equipment will equal or exceed a guaranteed amount, or Ferrellgas will be required to pay the lessor the difference. The fair value of these residual value guarantees was $0.8 million as of July 31, 2011. Although the fair values of the underlying equipment at the end of the lease terms have historically exceeded these guaranteed amounts, the maximum potential amount of aggregate future payments Ferrellgas could be required to make under these leasing arrangements, assuming the equipment is worthless at the end of the lease term, was $4.4 million as of July 31, 2011. Ferrellgas does not know of any event, demand, commitment, trend or uncertainty that would result in a material change to these arrangements.

Operating lease buyouts represent the maximum amount Ferrellgas would pay if it were to exercise its right to buyout the assets at the end of their lease term.

The following table summarizes Ferrellgas' contractual operating lease commitments and buyout obligations as of July 31, 2011:


	Future minimum rental and buyout amounts by fiscal year
	2012	2013		2014		2015		2016		Thereafter

Operating lease obligations	$20,998		$15,023		$11,680	$9,270	$7,401		$10,880
Operating lease buyouts	$ 3,205	$ 1,456		$ 899		$ 787		$ 966		$ 4,372

Certain property and equipment is leased under non-cancelable operating leases, which require fixed monthly rental payments and which expire at various dates through 2024. Rental expense under these leases totaled $33.3 million, $33.7 million and $38.6 million for fiscal 2011, 2010 and 2009, respectively.

Ferrellgas, L.P. And Subsidiaries [Member]

Contingencies And Commitments

L. 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. 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 consolidated 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. Ferrellgas, L.P. believes these claims will not have a material impact beyond the $10.0 million litigation accrual established for these claims during the current year period.

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.

Long-term debt-related commitments

Ferrellgas, L.P. has long and short-term payment obligations under agreements such as senior notes and its credit facility. See Note H – Debt – for a description of these debt obligations and a schedule of future maturities.

Operating lease commitments and buyouts

Ferrellgas, L.P. leases certain property, plant and equipment under non-cancelable and cancelable operating leases. Amounts shown in the table below represent minimum lease payment obligations under Ferrellgas, L.P.'s third-party operating leases with terms in excess of one year for the periods indicated. These arrangements include the leasing of transportation equipment, property, computer equipment and propane tanks. Ferrellgas, L.P. accounts for these arrangements as operating leases.

Ferrellgas, L.P. is required to recognize a liability for the fair value of guarantees. The only material guarantees Ferrellgas, L.P. has are associated with residual value guarantees of operating leases. Most of the operating leases involving Ferrellgas, L.P.'s transportation equipment contain residual value guarantees. These transportation equipment lease arrangements are scheduled to expire over the next seven fiscal years. Most of these arrangements provide that the fair value of the equipment will equal or exceed a guaranteed amount, or Ferrellgas, L.P. will be required to pay the lessor the difference. The fair value of these residual value guarantees was $0.8 million as of July 31, 2011. Although the fair values of the underlying equipment at the end of the lease terms have historically exceeded these guaranteed amounts, the maximum potential amount of aggregate future payments Ferrellgas, L.P. could be required to make under these leasing arrangements, assuming the equipment is worthless at the end of the lease term, was $4.4 million as of July 31, 2011. Ferrellgas, L.P. does not know of any event, demand, commitment, trend or uncertainty that would result in a material change to these arrangements.

Operating lease buyouts represent the maximum amount Ferrellgas, L.P. would pay if it were to exercise its right to buyout the assets at the end of their lease term.

The following table summarizes Ferrellgas, L.P.'s contractual operating lease commitments and buyout obligations as of July 31, 2011:


	Future minimum rental and buyout amounts by fiscal year
	2012	2013		2014		2015		2016		Thereafter

Operating lease obligations	$20,998		$15,023		$11,680	$9,270	$7,401		$10,880
Operating lease buyouts	$ 3,205	$ 1,456		$ 899		$ 787		$ 966		$ 4,372

The entire disclosure for commitments and contingencies.

Net Earnings (Loss) Per Common Unitholders' Interest

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name FASB Interpretation (FIN)

-Number 14

-Paragraph 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 9, 10, 11, 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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-Name Accounting Standards Codification

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

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-Topic 825

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

Employee Benefits	12 Months Ended
Employee Benefits	Jul. 31, 2011
Employee Benefits	M. 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 ESOT, which causes a portion of the shares of Ferrell Companies owned by the ESOT 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 earnings and thus excluded from operating and general and administrative expenses. The non-cash compensation charges were $10.2 million, $9.3 million and $6.8 million during fiscal 2011, 2010 and 2009, respectively. Ferrellgas is not obligated to fund or make contributions to the ESOT. The general partner and its parent, Ferrell Companies, have a defined contribution profit-sharing plan which includes both profit sharing and matching contributions. The plan covers substantially all full time employees. With the establishment of the ESOP in July 1998, Ferrellgas suspended future contributions to the profit sharing plan beginning with fiscal 1998. 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 2011, 2010 and 2009 were $3.1 million, $3.2 million and $2.7 million, respectively. The general partner has a defined benefit plan that provides 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 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 funding policy for this plan is 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 2011, 2010 and 2009 other comprehensive income and other liabilities were adjusted by $0.2 million, $46 thousand and $(6.0) thousand, respectively.
Ferrellgas, L.P. And Subsidiaries [Member]
Employee Benefits	M. 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 ESOT, which causes a portion of the shares of Ferrell Companies owned by the ESOT 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 earnings and thus excluded from operating and general and administrative expenses. The non-cash compensation charges were $10.2 million, $9.3 million and $6.8 million during fiscal 2011, 2010 and 2009, respectively. Ferrellgas, L.P. is not obligated to fund or make contributions to the ESOT. The general partner and its parent, Ferrell Companies, have a defined contribution profit-sharing plan which includes both profit sharing and matching contributions. The plan covers substantially all full time employees. With the establishment of the ESOP in July 1998, Ferrellgas, L.P. suspended future contributions to the profit sharing plan beginning with fiscal 1998. 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 2011, 2010 and 2009 were $3.1 million, $3.2 million and $2.7 million, respectively. The general partner has a defined benefit plan that provides 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 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 funding policy for this plan is 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 2011, 2010 and 2009 other comprehensive income and other liabilities were adjusted by $0.2 million, $46 thousand and $(6.0) thousand, respectively.

Net Earnings (Loss) Per Common Unitholders' Interest

12 Months Ended

Jul. 31, 2011

Net Earnings (Loss) Per Common Unitholders' Interest

N. Net earnings (loss) per common unitholders' interest

Below is a calculation of the basic and diluted net earnings (loss) available per common unitholders' interest in the 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 (loss) per common unitholders' interest for each period presented according to distributions declared and participation rights in undistributed earnings, as if all of the earnings or loss for the period had been distributed. 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. There was not a dilutive effect resulting from this guidance on basic and diluted net earnings (loss) per common unitholders' interest for fiscal 2011, 2010 and 2009.

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 the 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,
	2011	2010	2009
Common unitholders' interest in net earnings (loss)	$(43,212)	$32,382	$52,046

Weighted average common units outstanding (in thousands)	72,313.6	69,241.7	65,540.7

Dilutive securities	-	131.8	72.7

Weighted average common units outstanding plus dilutive securities	72,313.6	69,373.5	65,613.4

Basic and diluted net earnings (loss) per common unitholders' interest	$(0.60)	$0.47	$0.79

The entire disclosure for earnings per share.

+ References+ Details

Quarterly Data

12 Months Ended

Jul. 31, 2011

Quarterly Data

O. 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 industry, first and fourth quarter Revenues, gross margin from propane and other gas liquids sales, Net earnings attributable to Ferrellgas Partners, L.P. and Common unitholders' interest in net earnings 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 Common unitholders' interest in net earnings by quarter in fiscal 2010 do not equal the total Common unitholders' interest in net earnings for the year due to the effect of guidance issued by the FASB regarding participating securities and the two-class method on quarterly computations of Common unitholders' interest in net earnings in the second quarter of fiscal 2010. See Note N – Net earnings (loss) per common unitholders' interest – for further discussion of this calculation. The sum of Basic and diluted net earnings (loss) per common unitholders' interest by quarter may not equal the Basic and diluted net earnings (loss) per common unitholders' interest for the year due to variations in the weighted average units outstanding used in computing such amounts.


For the year ended July 31, 2011
		First quarter		Second quarter (b)			Third quarter (c)		Fourth quarter
Revenues	$	400,192	$	840,992		$	732,373	$	449,658
Gross margin from propane and other gas liquids sales (a)	$	112,137	$	214,763		$	164,608	$	111,405
Net earnings (loss)	$	(28,265)	$	22,419		$	3,369	$	(41,283)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	$	(28,043)	$	22,129		$	3,173	$	(40,907)
Common unitholders' interest in net earnings (loss)	$	(27,763)	$	21,908		$	3,141	$	(40,498)

Basic and diluted net earnings (loss) per common unitholders' interest	$	(0.40)	$		0.31	$	0.04	$	(0.53)


For the year ended July 31, 2010
		First quarter (d)		Second quarter			Third quarter (e)		Fourth quarter
Revenues	$	352,070	$	777,852		$	615,290	$	353,848
Gross margin from propane and other gas liquids sales (a)	$	126,746	$	220,368		$	180,708	$	114,962
Net earnings (loss)	$	(32,937)	$	77,858		$	29,264	$	(40,846)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	$	(32,665)	$	77,011		$	28,863	$	(40,500)
Common unitholders' interest in net earnings (loss)	$	(32,338)	$	64,397		$	28,574	$	(40,095)

Basic and diluted net earnings (loss) per common unitholders' interest	$	(0.47)	$		0.93	$	0.41	$	(0.58)

(a) Gross margin from "Propane and other gas liquids sales" represents "Revenues - Propane and other gas liquids sales" less "Cost of product sold – propane and other gas liquids sales."

(b) Includes "Loss on extinguishment of debt," which decreased Net earnings by $36.4 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $36.1 million, decreased Common unitholders' interest in net earnings by $35.7 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.50. See Note H – Debt – for a discussion of make-whole payments and non-cash write-offs of debt.

(c) Includes litigation accrual and related legal fees, which decreased Net earnings by $10.5 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $10.4 million, decreased Common unitholders' interest in net earnings by $10.3 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.14. Also includes "Loss on extinguishment of debt," which decreased Net earnings by $10.5 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $10.5 million, decreased Common unitholders' interest in net earnings by $10.4 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.14. See Note L – Contingencies and commitments - for a discussion of the litigation accrual and related legal fees. See Note H – Debt – for a discussion of make-whole payments and non-cash write-offs of debt.

(d) Includes "Loss on extinguishment of debt" which increased Net loss by $17.3 million, increased Net loss attributable to Ferrellgas Partners, L.P. by $17.1 million, increased Common unitholders' interest in net loss by $17.0 million and increased Basic and diluted net loss per common unitholders' interest by $0.25.

(e) Includes "Loss on extinguishment of debt," which decreased Net earnings by $3.4 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $3.4 million, decreased Common unitholders' interest in net earnings by $3.4 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.05.

Ferrellgas, L.P. And Subsidiaries [Member]

Quarterly Data

N. Quarterly data (unaudited)


For the year ended July 31, 2011
		First quarter		Second quarter (b)		Third quarter (c)		Fourth quarter

Revenues	$	400,192	$	840,992	$	732,373	$	449,658
Gross margin from propane and other gas liquids sales (a)	$	112,137	$	214,763	$	164,608	$	111,405
Net earnings (loss)	$	(21,999)	$	28,688	$	19,416	$	(37,167)


For the year ended July 31, 2010
		First quarter (d)		Second quarter		Third quarter		Fourth quarter

Revenues	$	352,070	$	777,852	$	615,290	$	353,848
Gross margin from propane and other gas liquids sales (a)	$	126,746	$	220,368	$	180,708	$	114,962
Net earnings (loss)	$	(26,887)	$	83,849	$	39,661	$	(34,262)

(a) Gross margin from "Propane and other gas liquids sales" represents "Revenues - Propane and other gas liquids sales" less "Cost of product sold – propane and other gas liquids sales."

(b) Includes "Loss on extinguishment of debt," which decreased Net earnings by $36.4 million. See Note H – Debt – for a discussion of make-whole payments and non-cash write-offs of debt.

(c) Includes litigation accrual and related legal fees, which decreased Net earnings by $10.5 million. See Note L – Contingencies and commitments - for a discussion of the litigation accrual and related legal fees.

(d) Includes "Loss on extinguishment of debt," which increased Net loss by $17.3 million. See Note H – Debt – for a discussion of make-whole payments and non-cash write-offs of debt.

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Subsequent Events

12 Months Ended

Jul. 31, 2011

P. 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, 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 September 2011, Ferrellgas executed an amendment to its secured credit facility. This amendment changed the maturity of the secured credit facility to five years, extending the maturity date to September 2016. There was no change to the size of the facility which remains at $400.0 million with a letter of credit sublimit of $200.0 million. Borrowings on the secured credit facility will bear interest at rates ranging from 1.25% to 1.50% lower than the existing secured credit facility.

Ferrellgas Finance Corp. [Member]

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. And Subsidiaries [Member]

O. 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, 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 September 2011, Ferrellgas, L.P. executed an amendment to its secured credit facility. This amendment changed the maturity of the secured credit facility to five years, extending the maturity date to September 2016. There was no change to the size of the facility which remains at $400.0 million with a letter of credit sublimit of $200.0 million. Borrowings on the secured credit facility will bear interest at rates ranging from 1.25% to 1.50% lower than the existing secured credit facility.

Ferrellgas Partners Finance Corp. [Member]

Subsequent events

Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business.

+ References+ Details

Commitment

12 Months Ended

Jul. 31, 2011

Ferrellgas Finance Corp. [Member]

Commitment

Commitment

During September 2009, the Partnership issued $300.0 million in aggregate principal amount of new 9.125% senior unsecured notes due 2017 at an offering price equal to 98.6% of par. Net proceeds were used to redeem all of its $82.0 million 7.24% series D notes due 2010, to redeem all of its $70.0 million 7.42% series E notes due 2013 and to fund the related $17.3 million make-whole payments. The remaining proceeds were used to reduce outstanding indebtedness under the unsecured credit facility.

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. Net proceeds were used to redeem all of its $450.0 million 6.75% fixed rate senior notes due 2014, to fund the related $11.1 million make-whole payments and to pay $2.4 million of accrued interest. The remaining proceeds were used to reduce outstanding indebtedness under the secured credit facility.

During July 2011, the Partnership completed an offer to exchange $500.0 million in aggregate principal amount of its 6.50% senior notes due 2021, which have been registered under the Securities Act of 1933, as amended, for a like principal amount of its outstanding and unregistered 6.50% senior notes due 2021, which were issued during November 2010 in a private placement.

The Finance Corp. serves as co-issuer and co-obligor for debt securities of the Partnership.

The senior notes agreements contain various restrictive covenants applicable to the Partnership and its subsidiaries, the most restrictive relating to additional indebtedness. As of July 31, 2011, the Partnership is in compliance with all requirements, tests, limitations and covenants related to these debt agreements.

Ferrellgas Partners Finance Corp. [Member]

Commitment

Commitment

During April 2010, the Partnership completed a public offering of $280.0 million in aggregate principal amount of new 8.625% senior unsecured notes due 2020. The Partnership may redeem some or all of the aggregate principal amount of the notes at any time after June 15, 2015. The proceeds from these notes were used to redeem the Partnership's $268.0 million of 8.75% senior notes due 2012 and to pay the related prepayment premiums of $3.4 million.

During March 2011, the Partnership redeemed $98.0 million of its $280.0 million 8.625% fixed rate senior notes due 2020, paid an $8.4 million make-whole payment and paid $2.4 million of accrued interest.

The Finance Corp. serves as co-issuer and co-obligor for debt securities of the Partnership.

The senior unsecured notes contain various restrictive covenants applicable to the Partnership and its subsidiaries, the most restrictive relating to additional indebtedness. As of July 31, 2011, the Partnership is in compliance with all requirements, tests, limitations and covenants related to this debt agreement.

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details

Income Taxes

12 Months Ended

Jul. 31, 2011

Ferrellgas Finance Corp. [Member]

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 $10,549 associated with the net operating loss carryforward of $27,119, which expires at various dates through July 31, 2030, 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 2011, 2010 and 2009, and there is no net deferred tax asset as of July 31, 2011 and 2010.

Ferrellgas Partners Finance Corp. [Member]

Income Taxes

Due to the inability of the Finance Corp. to utilize the deferred tax benefit of $2,416 associated with the net operating loss carryforward of $6,210, which expire at various dates through July 31, 2030, 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 2011, 2010 or 2009, and there is no net deferred tax asset as of July 31, 2011 and 2010.

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.

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Regulation S-X (SX)

-Number 210

-Section 08

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

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

12 Months Ended

Jul. 31, 2011

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


	July 31,
ASSETS	2011	2010

Cash and cash equivalents	$ 95	$ 12
Prepaid expenses and other current assets	18	10
Investment in Ferrellgas, L.P.	265,956	359,367
Other assets, net	3,657	6,152
Total assets	$ 269,726	$ 365,541



LIABILITIES AND PARTNERS' CAPITAL

Other current liabilities	$ 2,139	$ 3,319
Long-term debt	182,000	280,000

Partners' capital
Common unitholders (75,966,353 and 69,521,818 units
outstanding at 2011 and 2010, respectively)	139,614	141,281
General partner (767,337 and 702,241 units
outstanding at 2011 and 2010, respectively)	(58,660)	(58,644)
Accumulated other comprehensive income (loss)	4,633	(415)
Total partners' capital	85,587	82,222
Total liabilities and partners' capital	$ 269,726	$ 365,541


	For the year ended July 31,
	2011	2010	2009

Equity in earnings (loss) of Ferrellgas, L.P.	$ (10,950)	$ 61,731	$ 76,718
Operating expense	(358)	(424)	(328)

Operating income (loss)	(11,308)	61,307	76,390

Interest expense	(21,811)	(24,498)	(23,734)
Loss on extinguishment of debt	(10,513)	(3,408)	-
Other income (expense), net	-	(666)	-
Income tax expense	(16)	(26)	(84)

Net earnings (loss)	$ (43,648)	$ 32,709	$ 52,572


	For the year ended July 31,
	2011	2010	2009
Cash flows from operating activities:
Net earnings (loss)	$ (43,648)	$ 32,709	$ 52,572
Reconciliation of net earnings (loss) to
net cash used in operating activities:
Other	1,509	1,182	292
Equity in (earnings) loss of Ferrellgas, L.P.	10,950	(61,731)	(76,718)
Net cash used in operating activities	(31,189)	(27,840)	(23,854)

Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.	272,777	191,822	156,031
Cash contributed to Ferrellgas, L.P.	(157,680)	(51,300)	(69,848)
Net cash provided by investing activities	115,097	140,522	86,183

Cash flows from financing activities:
Distributions	(145,002)	(139,763)	(132,581)
Cash paid for financing costs	(173)	(6,275)	50
Proceeds from increase in long-term debt	-	280,000	-
Reductions in long-term debt	(98,000)	(268,000)	-
Issuance of common units (net of issuance costs
of $300, $18 and $401 for the years ended
July 31, 2011, 2010 and 2009, respectively	157,212	19,949	69,447
Proceeds from exercise of common unit options	544	1,189	-
Other	1,594	214	702
Net cash used in financing activities	(83,825)	(112,686)	(62,382)

Increase (decrease) in cash and cash equivalents	83	(4)	(53)
Cash and cash equivalents - beginning of year	12	16	69
Cash and cash equivalents - end of year	$ 95	$ 12	$ 16

Schedule II Valuation And Qualifying Accounts

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References+ Details

Schedule II Valuation And Qualifying Accounts

12 Months Ended

Jul. 31, 2011


			Additions
		Balance at	Charged to		Deductions	Balance
		beginning	cost /	Other	(amounts	at end
	Description	of period	expenses	additions	charged-off)	of period

Year ended July 31, 2011

Allowance for doubtful accounts		$ 5,010	$ 5,174	$ 1,966	$ (7,840)	$ 4,310

Year ended July 31, 2010

Allowance for doubtful accounts		$ 4,294	$ 7,821	$ 420	$ (7,525)	$ 5,010

Year ended July 31, 2009

Allowance for doubtful accounts		$ 5,977	$ 4,421	$ 961	$ (7,065)	$ 4,294

Ferrellgas, L.P. And Subsidiaries [Member]

Schedule II Valuation And Qualifying Accounts


			Additions
		Balance at	Charged to		Deductions	Balance
		beginning	cost /	Other	(amounts	at end
	Description	of period	expenses	additions	charged-off)	of period

Year ended July 31, 2011

Allowance for doubtful accounts		$ 5,010	$ 5,174	$ 1,966	$ (7,840)	$ 4,310

Year ended July 31, 2010

Allowance for doubtful accounts		$ 4,294	$ 7,821	$ 420	$ (7,525)	$ 5,010

Year ended July 31, 2009

Allowance for doubtful accounts		$ 5,977	$ 4,421	$ 961	$ (7,065)	$ 4,294

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Jul. 31, 2011

Nature Of Operations

Accounting Estimates

Principles Of Consolidation

Supplemental Cash Flow Information


	For the year ended July 31,
	2011	2010	2009
CASH PAID FOR:
Interest	$94,553	$90,305	$83,107
Income taxes	$ 591	$ 1,550	$ 1,512
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	$ 2,940	$ 3,061	$ 5,465
Issuance of liabilities in connection with acquisitions	$ 2,290	$ 5,494	$ 1,673
Property, plant and equipment additions	$ 807	$ 593	$ 973

Accounts Receivable Securitization

Inventories

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

Derivatives And Hedging Activities

Goodwill

Intangible Assets

Revenue Recognition

General And Administrative Expenses

Cost Of Product Sold

Operating Expenses

Stock And Unit-Based Compensation

(16)Stock-based and unit option plans:

Ferrellgas Unit Option Plan ("UOP")

Ferrell Companies, Inc. Incentive Compensation Plan ("ICP")

Net Earnings Per Common Unitholders' Interest

Income tax expense consisted of the following:


	For the year ended July 31,
	2011	2010	2009
Current expense	$ 490	$1,477	$1,904
Deferred expense	751	439	388
Income tax expense	$1,241	$1,916	$2,292

Deferred taxes consisted of the following:


	2011	2010
Deferred tax assets	$ 992	$ 1,030
Deferred tax liabilities	(3,194)	(2,481)
Net deferred tax liability	$(2,202)	$(1,451)

Sales Taxes

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

Segment Information

New Accounting Standards

(21) New accounting standards:

Transfers of financial assets and variable interest entities

Ferrellgas, L.P. And Subsidiaries [Member]

Nature Of Operations

Accounting Estimates

Principles Of Consolidation

(3) 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 material intercompany accounts and transactions. Ferrellgas, L.P. consolidates the following wholly-owned taxable corporations: Blue Rhino Global Sourcing, Inc. and Blue Rhino Canada, Inc. Ferrellgas Receivables, LLC ("Ferrellgas Receivables"), a wholly-owned consolidated subsidiary, is a special purpose entity that has agreements with Ferrellgas, L.P. to securitize, on an ongoing basis, a portion of its trade accounts receivable.

Supplemental Cash Flow Information


	For the year ended July 31,
	2011	2010	2009
CASH PAID FOR:
Interest	$72,211	$66,223	$59,626
Income taxes	$ 575	$ 1,524	$ 1,374
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with acquisitions	$ 2,940	$ 3,061	$ 5,515
Issuance of liabilities in connection with acquisitions	$ 2,290	$ 5,494	$ 1,673
Property, plant and equipment additions	$ 807	$ 593	$ 973

Accounts Receivable Securitization

Inventories

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

Derivatives And Hedging Activities

(7) Property, plant and equipment: Property, plant and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and routine repairs are expensed as incurred. Ferrellgas, L.P. capitalizes computer software, equipment replacement and betterment expenditures that upgrade, replace or completely rebuild major mechanical components and extend the original useful life of the equipment. Depreciation is calculated using the straight-line method based on the estimated useful lives of the assets ranging from two to 30 years. Ferrellgas, L.P., using its best estimates based on reasonable and supportable assumptions and projections, reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of its assets might not be recoverable. See Note E – Supplemental financial statement information – for further discussion of property, plant and equipment.

Goodwill

Intangible Assets

(9) Intangible assets: Intangible assets with finite useful lives, consisting primarily of customer lists, non-compete agreements 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. 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 might not be recoverable. Ferrellgas, L.P. tests indefinite-lived intangible assets for impairment annually on January 31 or more frequently if circumstances dictate. Ferrellgas, L.P. has not recognized impairment losses as a result of these tests. When necessary, intangible assets' useful lives are revised and the impact on amortization reflected on a prospective basis. See Note G – Goodwill and intangible assets, net – for further discussion of intangible assets.

Revenue Recognition

(11) Revenue recognition: Revenues from the distribution of propane and other gas liquids, including revenues from customer deposits and advances, are recognized by Ferrellgas, L.P. at the time product is delivered to its customers. 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 tank rentals are recognized on a straight-line basis over one year.

General And Administrative Expenses

(12) Shipping and handling expenses: Shipping and handling expenses related to delivery personnel, vehicle repair and maintenance and general liability expenses are classified within "Operating expense" in the consolidated statements of earnings. Depreciation expenses on delivery vehicles Ferrellgas, L.P. owns are classified within "Depreciation and amortization expense." Delivery vehicles and distribution technology leased by Ferrellgas, L.P. are classified within "Equipment lease expense." See Note E – Supplemental financial statement information – for the financial statement presentation of shipping and handling expenses.

Cost Of Product Sold

(13) Cost of product sold: "Cost of product sold – 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 product sold – other" primarily includes costs related to the sale of propane appliances and equipment.

Operating Expenses

Stock And Unit-Based Compensation

(16)Stock-based and unit option plans:

Ferrellgas Unit Option Plan ("UOP")

The UOP is authorized to issue options covering up to 1.35 million common units to employees of the general partner or its affiliates. The Compensation Committee of the Board of Directors of the general partner administers the UOP, authorizes grants of unit options thereunder and sets the unit option price and vesting terms of unit options in accordance with the terms of the UOP. No single officer or director of the general partner may acquire more than 314,895 common units under the UOP. The options currently outstanding under the UOP vest over a five-year period, and expire on the tenth anniversary of the date of the grant. The fair value of each option award is estimated on the date of grant using a binomial option valuation model. Expected volatility is based on the historical volatility of Ferrellgas Partners' publicly-traded common units. Historical information is used to estimate option exercise and employee termination behavior. Management believes that there are three groups of employees eligible to participate in the UOP. The expected term of options granted is derived from historical exercise patterns and represents the period of time that options are expected to be outstanding. The risk free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. During the years ended July 31, 2011, 2010 and 2009, the portion of the total non-cash compensation charge relating to the UOP was $13 thousand, $23 thousand and $15 thousand, respectively, and related to grants of unit options to acquire 0.3 million common units.

Ferrell Companies, Inc. Incentive Compensation Plan ("ICP")

Significant Cash And Non-Cash Activities

Income tax expense consisted of the following:


	For the year ended July 31,
	2011	2010	2009
Current expense	$ 474	$1,451	$1,820
Deferred expense	751	439	388
Income tax expense	$1,225	$1,890	$2,208

Deferred taxes consisted of the following:


	2011	2010
Deferred tax assets	$ 992	$ 1,030
Deferred tax liabilities	(3,194)	(2,481)
Net deferred tax liability	$(2,202)	$(1,451)

Sales Taxes

Segment Information

New Accounting Standards

(20) New accounting standards:

FASB Accounting Standard Update No. 2011-05

Transfers of financial assets and variable interest entities

In June 2009, the 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 VIEs. The provisions of these amendments require Ferrellgas, L.P. to evaluate all VIEs 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."

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Jul. 31, 2011


	For the year ended July 31,
	2011	2010	2009
CASH PAID FOR:
Interest	$94,553	$90,305	$83,107
Income taxes	$ 591	$ 1,550	$ 1,512
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	$ 2,940	$ 3,061	$ 5,465
Issuance of liabilities in connection with acquisitions	$ 2,290	$ 5,494	$ 1,673
Property, plant and equipment additions	$ 807	$ 593	$ 973

Summary Of Income Tax Expense


	For the year ended July 31,
	2011	2010	2009
Current expense	$ 490	$1,477	$1,904
Deferred expense	751	439	388
Income tax expense	$1,241	$1,916	$2,292

Deferred Tax Assets And Liabilities


	2011	2010
Deferred tax assets	$ 992	$ 1,030
Deferred tax liabilities	(3,194)	(2,481)
Net deferred tax liability	$(2,202)	$(1,451)

Ferrellgas, L.P. And Subsidiaries [Member]

Significant Cash And Non-Cash Activities


	For the year ended July 31,
	2011	2010	2009
CASH PAID FOR:
Interest	$72,211	$66,223	$59,626
Income taxes	$ 575	$ 1,524	$ 1,374
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with acquisitions	$ 2,940	$ 3,061	$ 5,515
Issuance of liabilities in connection with acquisitions	$ 2,290	$ 5,494	$ 1,673
Property, plant and equipment additions	$ 807	$ 593	$ 973

Summary Of Income Tax Expense


	For the year ended July 31,
	2011	2010	2009
Current expense	$ 474	$1,451	$1,820
Deferred expense	751	439	388
Income tax expense	$1,225	$1,890	$2,208

Deferred Tax Assets And Liabilities


	2011	2010
Deferred tax assets	$ 992	$ 1,030
Deferred tax liabilities	(3,194)	(2,481)
Net deferred tax liability	$(2,202)	$(1,451)

Business Combinations (Tables)

12 Months Ended

Jul. 31, 2011

Jul. 31, 2010

Jul. 31, 2009

Aggregate Fair Value Of Transaction


Customer tanks, buildings, land and other		$ 7,746
Non-compete agreements		1,684
Goodwill		5
Customer lists		3,151
		$12,586


Customer tanks, buildings, land and other		$14,707
Non-compete agreements		3,271
Customer lists		27,136
		$45,114


Customer tanks, buildings, land and other		$3,031
Non-compete agreements		1,438
Customer lists		5,475
Working capital		6
		$9,950

Ferrellgas, L.P. And Subsidiaries [Member]

Aggregate Fair Value Of Transaction


Customer tanks, buildings, land and other		$ 7,746
Non-compete agreements		1,684
Goodwill		5
Customer lists		3,151
		$12,586


Customer tanks, buildings, land and other		$14,707
Non-compete agreements		3,271
Customer lists		27,136
		$45,114


Customer tanks, buildings, land and other		$3,031
Non-compete agreements		1,438
Customer lists		5,475
Working capital		6
		$9,950

Supplemental Financial Statement Information (Tables)

12 Months Ended

Jul. 31, 2011

Schedule Of Inventories


	2011	2010
Propane gas and related products	$113,826	$146,805
Appliances, parts and supplies	22,313	20,106
Inventories	$136,139	$166,911

Other Current Liabilities

	Estimated
	useful lives	2011	2010
Land	Indefinite	$ 30,920	$ 30,566
Land improvements	2-20	11,200	11,108
Buildings and improvements	20	66,043	66,114
Vehicles, including transport trailers	8-20	104,188	99,246
Bulk equipment and district facilities	5-30	105,485	103,748
Tanks, cylinders and customer equipment	2-30	778,599	770,865
Computer and office equipment	2-5	116,281	115,189
Construction in progress	n/a	3,154	2,823
		1,215,870	1,199,659
Less: accumulated depreciation		573,665	546,891
Property, plant and equipment, net		$642,205	$652,768

Depreciation expense totaled $58.7 million, $61.3 million and $62.3 million for fiscal 2011, 2010 and 2009, respectively.


	2011	2010
Accrued interest	$ 19,779	$ 20,412
Accrued litigation and insurance	16,565	7,928
Accrued payroll	12,974	20,464
Customer deposits and advances	19,784	23,280
Other	35,711	35,970
Other current liabilities	$104,813	$108,054

Loss On Disposal Of Assets And Other


Loss on disposal of assets and other consists of the following:	For the year ended July 31,
	2011	2010	2009
Loss on disposal of assets	$3,633	$7,296	$ 5,009
Loss on transfer of accounts receivable related to the accounts receivable securitization	-	6,566	12,124
Service income related to the accounts receivable securitization	-	(5,377)	(4,091)
Loss on disposal of assets and other	$3,633	$8,485	$13,042


	For the year ended July 31,
	2011	2010	2009
Operating expense	$183,899	$183,612	$178,218
Depreciation and amortization expense	6,063	5,601	4,915
Equipment lease expense	12,823	14,192	17,541
	$202,785	$203,405	$200,674

Ferrellgas, L.P. And Subsidiaries [Member]

Schedule Of Inventories


	2011	2010
Propane gas and related products	$113,826	$146,805
Appliances, parts and supplies	22,313	20,106
Inventories	$136,139	$166,911

Other Current Liabilities

	Estimated
	useful lives	2011	2010
Land	Indefinite	$ 30,920	$ 30,566
Land improvements	2-20	11,200	11,108
Buildings and improvements	20	66,043	66,114
Vehicles, including transport trailers	8-20	104,188	99,246
Bulk equipment and district facilities	5-30	105,485	103,748
Tanks, cylinders and customer equipment	2-30	778,599	770,865
Computer and office equipment	2-5	116,281	115,189
Construction in progress	n/a	3,154	2,823
		1,215,870	1,199,659
Less: accumulated depreciation		573,665	546,891
Property, plant and equipment, net		$642,205	$652,768

Depreciation expense totaled $58.7 million, $61.3 million and $62.3 million for fiscal 2011, 2010 and 2009, respectively.


	2011	2010
Accrued interest	$ 17,773	$ 17,324
Accrued litigation and insurance	16,565	7,928
Accrued payroll	12,974	20,464
Customer deposits and advances	19,784	23,280
Other	35,578	35,739
Other current liabilities	$102,674	$104,735

Loss On Disposal Of Assets And Other


Loss on disposal of assets and other consists of the following:	For the year ended July 31,
	2011	2010	2009
Loss on disposal of assets	$3,633	$7,296	$ 5,009
Loss on transfer of accounts receivable related to the accounts receivable securitization	-	6,566	12,124
Service income related to the accounts receivable securitization	-	(5,377)	(4,091)
Loss on disposal of assets and other	$3,633	$8,485	$13,042


	For the year ended July 31,
	2011	2010	2009
Operating expense	$183,899	$183,612	$178,218
Depreciation and amortization expense	6,063	5,601	4,915
Equipment lease expense	12,823	14,192	17,541
	$202,785	$203,405	$200,674

Accounts And Notes Receivable

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

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

12 Months Ended

Jul. 31, 2011

	2011	2010
Accounts receivable pledged as collateral	$112,509	$ -
Accounts receivable	51,104	33,725
Note receivable from Ferrellgas Receivables	-	44,927
Retained interest in Ferrellgas Receivables	-	15,323
Other	229	269
Less: Allowance for doubtful accounts	(4,310)	(5,010)
Accounts and notes receivable, net	$159,532	$89,234

Ferrellgas, L.P. And Subsidiaries [Member]

Accounts And Notes Receivable

	2011	2010
Accounts receivable pledged as collateral	$ 112,509	$ -
Accounts receivable	51,104	33,725
Note receivable from Ferrellgas Receivables	-	44,927
Retained interest in Ferrellgas Receivables	-	15,323
Other	229	269
Less: Allowance for doubtful accounts	(4,310)	(5,010)
Accounts and notes receivable, net	$159,532	$89,234

Goodwill And Intangible Assets, Net (Tables)

12 Months Ended

Jul. 31, 2011

Schedule Of Aggregate Amortization Expense


	July 31, 2011				July 31, 2010
	Gross carrying amount	Accum-ulated amortization	Net	Gross carrying amount		Accum-ulated amortization	Net
Goodwill, net	$248,944	$ -	$248,944	$248,939		$ -	$248,939

Intangible Assets, net
Amortized intangible assets
Customer lists	$398,835	$(263,631)	$135,204	$395,682		$(244,197)	$151,485
Non-compete agreements	46,024	(37,189)	8,835	44,341		(35,203)	9,138
Other	3,507	(2,540)	967	3,507		(2,190)	1,317
	448,366	(303,360)	145,006	443,530		(281,590)	161,940

Unamortized intangible assets
Trade names & trademarks	59,130	-	59,130	59,117		-	59,117
Total intangible assets, net	$507,496	$(303,360)	$204,136	$502,647		$(281,590)	$221,057

For the year ended July 31,

2011 $23,766

2010 21,180

2009 20,166

Schedule Of Estimated Amortization Expense

For the year ended July 31,

2013 20,656

2014 17,389

2015 14,561

2016 14,390

Ferrellgas, L.P. And Subsidiaries [Member]

Schedule Of Aggregate Amortization Expense


	July 31, 2011			July 31, 2010
	Gross carrying amount	Accum-ulated amortization	Net	Gross carrying amount	Accum-ulated amortization	Net
Goodwill, net	$248,944	$ -	$248,944	$248,939	$ -	$248,939
Intangible assets, net Amortized intangible assets
Customer lists	$398,835	$(263,631)	$135,204	$395,682	$(244,197)	$151,485
Non-compete agreements	46,024	(37,189)	8,835	44,341	(35,203)	9,138
Other	3,507	(2,540)	967	3,507	(2,190)	1,317
	448,366	(303,360)	145,006	443,530	(281,590)	161,940

Unamortized intangible assets
Trade names & trademarks	59,130	-	59,130	59,117	-	59,117
Total intangible assets, net	$507,496	$(303,360)	$204,136	$502,647	$(281,590)	$221,057

For the year ended July 31,

2011 $23,766

2010 21,180

2009 20,166

Schedule Of Estimated Amortization Expense

For the year ended July 31,

2013 20,656

2014 17,389

2015 14,561

2016 14,390

Components Of Long-term Debt

Tabular disclosure of amortizable intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.

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Debt (Tables)

12 Months Ended

Jul. 31, 2011

	2011	2010
Senior notes
Fixed rate, 6.50%, due 2021 (1)	$ 500,000	$ -
Fixed rate, 6.75%, due 2014, net of unamortized discount of $21,974 at July 31, 2010	-	428,026
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,472
and $3,870 at July 31, 2011 and 2010, respectively (2)	296,528	296,130
Fixed rate, 8.625%, due 2020 (3)	182,000	280,000

Secured credit facility, variable interest rate, expiring November 2012
(net of $64.9 million and $67.2 million classified as short-term borrowings at July 31, 2011 and 2010, respectively)	64,573	99,797

Notes payable, 9.2% and 9.5% weighted average interest rate at July 31, 2011 and 2010, respectively, due 2011 to 2020, net of unamortized discount of $2,805 and $2,876 at July 31, 2011 and 2010, respectively	10,376	9,475
	1,053,477	1,113,428
Less: current portion, included in other current liabilities on the consolidated balance sheets	2,557	2,340
Long-term debt	$1,050,920	$1,111,088

(1)

(2)

(3)

Scheduled Annual Principal Payments On Long-term Debt

For the fiscal year ending July 31,	Scheduled annual principal payments
2012	$ 2,557
2013	2,096
2014	2,079
2015	2,028
2016	1,976
Thereafter	1,049,018
Total	$1,059,754

Ferrellgas, L.P. And Subsidiaries [Member]

Components Of Long-term Debt

	2011	2010
Senior notes
Fixed rate, 6.50%, due 2021 (1)	$ 500,000	$ -
Fixed rate, 6.75%, due 2014, net of unamortized discount of $21,974 at July 31, 2010	-	428,026
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,472 and $3,870 at July 31, 2011 and 2010, respectively (2)	296,528	296,130

Secured credit facility, variable interest rate, expiring November 2012
(net of $64.9 million and $67.2 million classified as short- term borrowings at July 31, 2011 and 2010, respectively)	64,573	99,797

Notes payable, 9.2% and 9.5% weighted average interest rate at July 31, 2011 and 2010, respectively, due 2011 to 2020, net of unamortized discount of $2,805 and $2,876 at July 31, 2011 and 2010, respectively	10,376	9,475
	871,477	833,428
Less: current portion, included in other current liabilities on the consolidated balance sheets	2,557	2,340
Long-term debt	$868,920	$831,088

(1)

(2)

Scheduled Annual Principal Payments On Long-term Debt

For the fiscal year ending July 31,	Scheduled annual principal payments
2012	$ 2,557
2013	2,096
2014	2,079
2015	2,028
2016	1,976
Thereafter	867,018
Total	$877,754

Partners' Capital (Tables)

12 Months Ended

Jul. 31, 2011

Limited Partner Units

	2011	2010
Public common unitholders (1)	51,285,212	44,840,677
Ferrell Companies (2)	20,080,776	20,080,776
FCI Trading Corp. (3)	195,686	195,686
Ferrell Propane, Inc. (4)	51,204	51,204
James E. Ferrell (5)	4,353,475	4,353,475

(1) These common units are listed on the New York Stock Exchange under the symbol "FGP."

(2) Ferrell Companies is the owner of the general partner and a 26% owner of Ferrellgas Partner's common units and thus a related party.

(3) FCI Trading Corp. ("FCI Trading") is an affiliate of the general partner and thus a related party.

(4) Ferrell Propane, Inc. ("Ferrell Propane") is controlled by the general partner and thus a related party.

(5) James E. Ferrell ("Mr. Ferrell") is the Executive Chairman and Chairman of the Board of Directors of the general partner and thus a related party.

Ferrellgas Partners Distribution Paid


	For the year ended July 31,
	2011	2010	2009
Public common unitholders	$ 94,188	$ 89,001	$ 81,922
Ferrell Companies	40,160	40,160	40,160
FCI Trading	392	392	392
Ferrell Propane	104	104	104
Mr. Ferrell	8,708	8,708	8,678
General partner	1,450	1,398	1,325
	$145,002	$139,763	$132,581

Ferrellgas Declared A Cash Distribution

Ferrell Companies	$10,040
FCI Trading	98
Ferrell Propane	26
Mr. Ferrell	2,179
General partner	384

Ferrellgas, L.P. And Subsidiaries [Member]

Ferrellgas Partners Distribution Paid


	For the year ended July 31,
	2011	2010	2009
Ferrellgas Partners	$272,777	$191,822	$156,031
General partner	$ 2,783	$ 1,958	$ 1,592

Derivatives (Tables)

12 Months Ended

Jul. 31, 2011

Fair Value Of The Financial Derivative Instruments

	2011	2010
Derivatives – Price risk management assets	$7,637	$1,882
Derivatives – Price risk management liabilities	$2,476	$2,039

Cash Flow Hedge Activity Included In OCI


	For the year ended July 31,
	2011	2010
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$22,676	$12,063
Reclassification of net gains originally recorded within OCI to Cost of product sold – propane and other gas liquids	$17,358	$11,231

Ferrellgas, L.P. And Subsidiaries [Member]

Fair Value Of The Financial Derivative Instruments

	2011	2010
Derivatives – Price risk management assets	$7,637	$1,882
Derivatives – Price risk management liabilities	$2,476	$2,039

Cash Flow Hedge Activity Included In OCI


	For the year ended July 31,
	2011	2010
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$22,676	$12,063
Reclassification of net gains originally recorded within OCI to Cost of product sold – propane and other gas liquids	$17,358	$11,231

Transactions With Related Parties (Tables)

12 Months Ended

Jul. 31, 2011

Primarily Include Compensation And Benefits Paid To Employees Of The General Partner


	For the year ended July 31,
	2011	2010	2009
Operating expense	$206,276	$224,974	$217,374
General and administrative expense	$ 26,777	$ 24,620	$ 23,801

Ferrellgas, L.P. And Subsidiaries [Member]

Primarily Include Compensation And Benefits Paid To Employees Of The General Partner


	For the year ended July 31,
	2011	2010	2009
Operating expense	$206,276	$224,974	$217,374
General and administrative expense	$ 26,777	$ 24,620	$ 23,801

Contingencies And Commitments (Tables)

12 Months Ended

Jul. 31, 2011

Contractual Operating Lease Commitments And Buyout Obligations


	Future minimum rental and buyout amounts by fiscal year
	2012	2013		2014		2015		2016		Thereafter

Operating lease obligations	$20,998		$15,023		$11,680	$9,270	$7,401		$10,880
Operating lease buyouts	$ 3,205	$ 1,456		$ 899		$ 787		$ 966		$ 4,372

Ferrellgas, L.P. And Subsidiaries [Member]

Contractual Operating Lease Commitments And Buyout Obligations


	Future minimum rental and buyout amounts by fiscal year
	2012	2013		2014		2015		2016		Thereafter

Operating lease obligations	$20,998		$15,023		$11,680	$9,270	$7,401		$10,880
Operating lease buyouts	$ 3,205	$ 1,456		$ 899		$ 787		$ 966		$ 4,372

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

12 Months Ended

Jul. 31, 2011

Net Earnings (Loss) Per Common Unitholders' Interest

Basic And Diluted Net Earnings Per Common Unitholders' Interest


	For the year ended July 31,
	2011	2010	2009
Common unitholders' interest in net earnings (loss)	$(43,212)	$32,382	$52,046

Weighted average common units outstanding (in thousands)	72,313.6	69,241.7	65,540.7

Dilutive securities	-	131.8	72.7

Weighted average common units outstanding plus dilutive securities	72,313.6	69,373.5	65,613.4

Basic and diluted net earnings (loss) per common unitholders' interest	$(0.60)	$0.47	$0.79

Quarterly Data (Tables)

12 Months Ended

Jul. 31, 2011

Summarized Unaudited Quarterly Data


For the year ended July 31, 2011
		First quarter		Second quarter (b)			Third quarter (c)		Fourth quarter
Revenues	$	400,192	$	840,992		$	732,373	$	449,658
Gross margin from propane and other gas liquids sales (a)	$	112,137	$	214,763		$	164,608	$	111,405
Net earnings (loss)	$	(28,265)	$	22,419		$	3,369	$	(41,283)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	$	(28,043)	$	22,129		$	3,173	$	(40,907)
Common unitholders' interest in net earnings (loss)	$	(27,763)	$	21,908		$	3,141	$	(40,498)

Basic and diluted net earnings (loss) per common unitholders' interest	$	(0.40)	$		0.31	$	0.04	$	(0.53)


For the year ended July 31, 2010
		First quarter (d)		Second quarter			Third quarter (e)		Fourth quarter
Revenues	$	352,070	$	777,852		$	615,290	$	353,848
Gross margin from propane and other gas liquids sales (a)	$	126,746	$	220,368		$	180,708	$	114,962
Net earnings (loss)	$	(32,937)	$	77,858		$	29,264	$	(40,846)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	$	(32,665)	$	77,011		$	28,863	$	(40,500)
Common unitholders' interest in net earnings (loss)	$	(32,338)	$	64,397		$	28,574	$	(40,095)

Basic and diluted net earnings (loss) per common unitholders' interest	$	(0.47)	$		0.93	$	0.41	$	(0.58)

(a) Gross margin from "Propane and other gas liquids sales" represents "Revenues - Propane and other gas liquids sales" less "Cost of product sold – propane and other gas liquids sales."

Ferrellgas, L.P. And Subsidiaries [Member]

Summarized Unaudited Quarterly Data


For the year ended July 31, 2011
		First quarter		Second quarter (b)		Third quarter (c)		Fourth quarter

Revenues	$	400,192	$	840,992	$	732,373	$	449,658
Gross margin from propane and other gas liquids sales (a)	$	112,137	$	214,763	$	164,608	$	111,405
Net earnings (loss)	$	(21,999)	$	28,688	$	19,416	$	(37,167)


For the year ended July 31, 2010
		First quarter (d)		Second quarter		Third quarter		Fourth quarter

Revenues	$	352,070	$	777,852	$	615,290	$	353,848
Gross margin from propane and other gas liquids sales (a)	$	126,746	$	220,368	$	180,708	$	114,962
Net earnings (loss)	$	(26,887)	$	83,849	$	39,661	$	(34,262)

(a) Gross margin from "Propane and other gas liquids sales" represents "Revenues - Propane and other gas liquids sales" less "Cost of product sold – propane and other gas liquids sales."

(b) Includes "Loss on extinguishment of debt," which decreased Net earnings by $36.4 million. See Note H – Debt – for a discussion of make-whole payments and non-cash write-offs of debt.

(d) Includes "Loss on extinguishment of debt," which increased Net loss by $17.3 million. See Note H – Debt – for a discussion of make-whole payments and non-cash write-offs of debt.

Partnership Organization And Formation (Details) (USD $)	12 Months Ended		0 Months Ended			0 Months Ended
	Jul. 31, 2011	Jul. 31, 2011 Ferrellgas, L.P. And Subsidiaries [Member]	Jan. 24, 2003 Ferrellgas Finance Corp. [Member]	Jul. 31, 2011 Ferrellgas Finance Corp. [Member]	Jul. 31, 2010 Ferrellgas Finance Corp. [Member]	Apr. 08, 1996 Ferrellgas Partners Finance Corp. [Member]	Jul. 31, 2011 Ferrellgas Partners Finance Corp. [Member]	Jul. 31, 2010 Ferrellgas Partners Finance Corp. [Member]
Limited partner interest	99.00%	99.00%
Corporation formation shares granted to partnership			1,000			1,000
General partner interest in Ferrellgas partners	1.00%
General partner interest in the operating partnership	1.00%	1.00%
General partner interest in Ferrellgas on a combined basis	2.00%
Equity interest in subsidiary	100.00%	100.00%
Corporation formation proceeds from partnership			$ 1,000			$ 1,000
Common stock shares outstanding	20,300,000			1,000	1,000		1,000	1,000
Number of employees	0	0		0			0

+ References+ Details

Summary Of Significant Accounting Policies (Narrative) (Details) (USD $)	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Number of subsidiaries	2
Approximate number of customers in 50 states	1,000,000
Number of states in which operating partnership serves	50
General partner interest in the operating partnership	1.00%
Intangible assets useful lives minimum years	2
Intangible assets useful lives maximum years	15
Revenue recognized over a straight-line basis, years	1
Non-cash compensation charges	$ 13,488,000	$ 7,831,000	$ 2,312,000
Ferrellgas, L.P. And Subsidiaries [Member]
Approximate number of customers in 50 states	1,000,000
Number of states in which operating partnership serves	50
General partner interest in the operating partnership	1.00%
Intangible assets useful lives minimum years	2
Intangible assets useful lives maximum years	15
Revenue recognized over a straight-line basis, years	1
Non-cash compensation charges	13,488,000	7,831,000	2,312,000
Unit Option Plan [Member]
Stock authorized during period shares employee stock ownership plan	1,350,000
Options vesting period, years	five
Non-cash compensation charges	13,000	23,000	15,000
Common units acquired by grants of unit options	300,000
General partner may acquire common units	314,895
Unit Option Plan [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Stock authorized during period shares employee stock ownership plan	1,350,000
Options vesting period, years	five
Non-cash compensation charges	13,000	23,000	15,000
Common units acquired by grants of unit options	300,000
General partner may acquire common units	314,895
Incentive Compensation Plan [Member]
Non-cash compensation charges	13,500,000	7,800,000	2,300,000
Number of shares authorized to be issued as options	9,250,000
Stock option percent to vest upon event	100.00%
Retirement age incentive compensation plan	65
Incentive Compensation Plan [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Non-cash compensation charges	13,500,000	7,800,000	2,300,000
Number of shares authorized to be issued as options	9,250,000
Stock option percent to vest upon event	100.00%
Retirement age incentive compensation plan	65
Property, Plant And Equipment [Member]
Property, plant and equipment useful lives, minimum years	2
Property, plant and equipment useful lives, maximum years	30
Property, Plant And Equipment [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Property, plant and equipment useful lives, minimum years	2
Property, plant and equipment useful lives, maximum years	30
Minimum [Member] \| Incentive Compensation Plan [Member]
Options vesting period, years	zero
Vested options exercisable incremental period	10
Minimum [Member] \| Incentive Compensation Plan [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Options vesting period, years	zero
Vested options exercisable incremental period	10
Maximum [Member] \| Incentive Compensation Plan [Member]
Options vesting period, years	12
Vested options exercisable incremental period	15
Maximum [Member] \| Incentive Compensation Plan [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Options vesting period, years	12
Vested options exercisable incremental period	15
Consolidated Subsidiary [Member]
Consolidated subsidiary accounts receivable pledged as collateral	107,900,000
Consolidated subsidiary notes receivable derecognized	44,900,000
Consolidated subsidiary retained interest derecognized	15,300,000
Notes payable to consolidated subsidiary	47,000,000
Consolidated Subsidiary [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Consolidated subsidiary accounts receivable pledged as collateral	107,900,000
Consolidated subsidiary other asset	600,000
Consolidated subsidiary notes receivable derecognized	44,900,000
Consolidated subsidiary retained interest derecognized	15,300,000
Consolidated subsidiary cumulative effect change in accounting principle	1,300,000
Notes payable to consolidated subsidiary	47,000,000
Consolidated Subsidiary [Member] \| Variable Interest Entity, Primary Beneficiary [Member]
Consolidated subsidiary other asset	600,000
Consolidated subsidiary cumulative effect change in accounting principle	$ 1,300,000

Summary Of Significant Accounting Policies (Significant Cash And Non-Cash Activities) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Interest	$ 94,553	$ 90,305	$ 83,107
Income taxes	591	1,550	1,512
Issuance of common units in connection with acquisitions	2,940	3,061	5,465
Issuance of liabilities in connection with acquisitions	2,290	5,494	1,673
Property, plant and equipment additions	807	593	973
Ferrellgas, L.P. And Subsidiaries [Member]
Interest	72,211	66,223	59,626
Income taxes	575	1,524	1,374
Assets contributed from Ferrellgas Partners in connection with acquisitions	2,940	3,061	5,515
Issuance of liabilities in connection with acquisitions	2,290	5,494	1,673
Property, plant and equipment additions	$ 807	$ 593	$ 973

The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.

+ References+ Details

Summary Of Significant Accounting Policies (Summary Of Income Tax Expense) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Current expense	$ 490	$ 1,477	$ 1,904
Deferred expense (benefit)	751	439	388
Income tax expense	1,241	1,916	2,292
Ferrellgas, L.P. And Subsidiaries [Member]
Current expense	474	1,451	1,820
Deferred expense (benefit)	751	439	388
Income tax expense	$ 1,225	$ 1,890	$ 2,208

The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 45

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Glossary Current Tax Expense (or Benefit)

-URI http://asc.fasb.org/extlink&oid=6509736

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

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-Number 109

-Paragraph 289

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 6

-Section I

-Subsection 7

+ Details

The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 45

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 230

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

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-Number 109

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 6

-Section I

-Subsection 7

+ Details

The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

+ References+ Details

Summary Of Significant Accounting Policies (Deferred Taxes Assets And Liabilities) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011	Jul. 31, 2010
Deferred tax assets	$ 992	$ 1,030
Deferred tax liabilities	(3,194)	(2,481)
Net deferred tax liability	(2,202)	(1,451)
Ferrellgas, L.P. And Subsidiaries [Member]
Deferred tax assets	992	1,030
Deferred tax liabilities	(3,194)	(2,481)
Net deferred tax liability	$ (2,202)	$ (1,451)

For entities that net deferred tax assets and tax liabilities, represents the unclassified net amount of deferred tax assets and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities. A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods.

+ References+ Details

The cumulative amount of all deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A taxable temporary difference is a difference between the tax basis and the carrying amount of an asset or liability in the financial statements prepared in accordance with generally accepted accounting principles that will result in taxable amounts in one or more future periods.

+ References+ Details

Business Combinations (Narrative) (Details) (USD $)	12 Months Ended
Business Combinations (Narrative) (Details) (USD $)	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Aggregate value of distribution assets	$ 12,586,000	$ 45,114,000	$ 9,950,000
Number of transactions to acquire propane distribution assets	5	1	4
Cash payment for acquisition	7,300,000	36,500,000	2,700,000
Issuance of liabilities and other costs	2,400,000	5,500,000	1,800,000
Issuance of common unit, net of issuance cost	2,900,000	3,100,000	5,500,000
Ferrellgas, L.P. And Subsidiaries [Member]
Aggregate value of distribution assets	12,586,000	45,114,000	9,950,000
Number of transactions to acquire propane distribution assets	5	1	4
Cash payment for acquisition	7,300,000	36,500,000	2,700,000
Issuance of liabilities and other costs	2,400,000	5,500,000	1,800,000
Contribution of asset by parent	$ 2,900,000	$ 3,100,000	$ 5,500,000

The acquisition-date fair value of the equity interests of the acquirer, including the number of instruments or interests issued or issuable in consideration for the business combination.

+ References+ Details

Business Combinations (Aggregate Fair Value) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Goodwill	$ 5
Aggregate value of assets acquired	12,586	45,114	9,950
Ferrellgas, L.P. And Subsidiaries [Member]
Goodwill	5
Aggregate value of assets acquired	12,586	45,114	9,950
Non-Compete Agreements [Member]
Aggregate value of assets acquired	1,684	3,271	1,438
Non-Compete Agreements [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Aggregate value of assets acquired	1,684	3,271	1,438
Customer Lists [Member]
Aggregate value of assets acquired	3,151	27,136	5,475
Customer Lists [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Aggregate value of assets acquired	3,151	27,136	5,475
Working Capital [Member]
Aggregate value of assets acquired			6
Working Capital [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Aggregate value of assets acquired			6
Customer Tanks, Buildings, Land And Other [Member]
Aggregate value of assets acquired	7,746	14,707	3,031
Customer Tanks, Buildings, Land And Other [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Aggregate value of assets acquired	$ 7,746	$ 14,707	$ 3,031

Quarterly Distributions Of Available Cash (Details)	3 Months Ended				12 Months Ended
Quarterly Distributions Of Available Cash (Details)	Jul. 31, 2011	Apr. 30, 2011	Jan. 31, 2011	Oct. 31, 2010	Jul. 31, 2011
Maximum days after end of quarter to make distributions	45	45	45	45
Cash distributions available					100.00%
Ferrellgas, L.P. And Subsidiaries [Member]
Maximum days after end of quarter to make distributions	45	45	45	45
Cash distributions available					100.00%
Cash distributions to Ferrellgas Partners					99.00%
Cash distributions to general partner					1.00%

Supplemental Financial Statement Information (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Net procurement of fixed priced propane by Ferrellgas in gallons	50,100,000
Depreciation expense	$ 58.7	$ 61.3	$ 62.3
Ferrellgas, L.P. And Subsidiaries [Member]
Net procurement of fixed priced propane by Ferrellgas in gallons	50,100,000
Depreciation expense	$ 58.7	$ 61.3	$ 62.3
Maximum [Member]
Contract term duration, years	1
Supply procurement contract duration, months	24
Maximum [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Contract term duration, years	1
Supply procurement contract duration, months	24

The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.

+ References+ Details

Supplemental Financial Statement Information (Inventories) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011	Jul. 31, 2010
Propane gas and related products	$ 113,826	$ 146,805
Appliances, parts and supplies	22,313	20,106
Inventories	136,139	166,911
Ferrellgas, L.P. And Subsidiaries [Member]
Propane gas and related products	113,826	146,805
Appliances, parts and supplies	22,313	20,106
Inventories	$ 136,139	$ 166,911

Supplemental Financial Statement Information (Property, Plant And Equipment) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010
Property, plant and equipment, gross	$ 1,215,870	$ 1,199,659
Less: accumulated depreciation	573,665	546,891
Property, plant and equipment, net	642,205	652,768
Ferrellgas, L.P. And Subsidiaries [Member]
Property, plant and equipment, gross	1,215,870	1,199,659
Less: accumulated depreciation	573,665	546,891
Property, plant and equipment, net	642,205	652,768
Land [Member]
Estimated useful lives	Indefinite
Property, plant and equipment, gross	30,920	30,566
Land [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Estimated useful lives	Indefinite
Property, plant and equipment, gross	30,920	30,566
Land Improvements [Member]
Estimated useful lives, minimum (in years)	2
Estimated useful lives, maximum (in years)	20
Property, plant and equipment, gross	11,200	11,108
Land Improvements [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Estimated useful lives, minimum (in years)	2
Estimated useful lives, maximum (in years)	20
Property, plant and equipment, gross	11,200	11,108
Buildings And Improvements [Member]
Estimated useful lives, average (in years)	20
Property, plant and equipment, gross	66,043	66,114
Buildings And Improvements [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Estimated useful lives, average (in years)	20
Property, plant and equipment, gross	66,043	66,114
Vehicles, Including Transport Trailers [Member]
Estimated useful lives, minimum (in years)	8
Estimated useful lives, maximum (in years)	20
Property, plant and equipment, gross	104,188	99,246
Vehicles, Including Transport Trailers [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Estimated useful lives, minimum (in years)	8
Estimated useful lives, maximum (in years)	20
Property, plant and equipment, gross	104,188	99,246
Bulk Equipment And District Facilities [Member]
Estimated useful lives, minimum (in years)	5
Estimated useful lives, maximum (in years)	30
Property, plant and equipment, gross	105,485	103,748
Bulk Equipment And District Facilities [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Estimated useful lives, minimum (in years)	5
Estimated useful lives, maximum (in years)	30
Property, plant and equipment, gross	105,485	103,748
Tanks, Cylinders And Customer Equipment [Member]
Estimated useful lives, minimum (in years)	2
Estimated useful lives, maximum (in years)	30
Property, plant and equipment, gross	778,599	770,865
Tanks, Cylinders And Customer Equipment [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Estimated useful lives, minimum (in years)	2
Estimated useful lives, maximum (in years)	30
Property, plant and equipment, gross	778,599	770,865
Computer And Office Equipment [Member]
Estimated useful lives, minimum (in years)	2
Estimated useful lives, maximum (in years)	5
Property, plant and equipment, gross	116,281	115,189
Computer And Office Equipment [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Estimated useful lives, minimum (in years)	2
Estimated useful lives, maximum (in years)	5
Property, plant and equipment, gross	116,281	115,189
Construction In Progress [Member]
Property, plant and equipment, gross	3,154	2,823
Construction In Progress [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Property, plant and equipment, gross	$ 3,154	$ 2,823

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References+ Details

Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

Supplemental Financial Statement Information (Other Current Liabilities) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011	Jul. 31, 2010
Accrued interest	$ 19,779	$ 20,412
Accrued litigation and insurance	16,565	7,928
Accrued payroll	12,974	20,464
Customer deposits and advances	19,784	23,280
Other	35,711	35,970
Other current liabilities	104,813	108,054
Ferrellgas, L.P. And Subsidiaries [Member]
Accrued interest	17,773	17,324
Accrued litigation and insurance	16,565	7,928
Accrued payroll	12,974	20,464
Customer deposits and advances	19,784	23,280
Other	35,578	35,739
Other current liabilities	$ 102,674	$ 104,735

Carrying value as of the balance sheet date of the obligations incurred through that date and payable for employees' services provided. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 3

-Section A

-Paragraph 7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Current Liabilities

-URI http://asc.fasb.org/extlink&oid=6509677

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6935-107765

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6911-107765

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 3

-Section A

-Paragraph 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

Aggregate carrying amount, as of the balance sheet date, of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed in the balance sheet. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References+ Details

Obligations not otherwise itemized or categorized in the footnotes to the financial statements that are due within one year or operating cycle, if longer, from the balance sheet date.

+ References+ Details

Supplemental Financial Statement Information (Loss On Disposal Of Assets And Other) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Loss on disposal of assets	$ 3,633	$ 7,296	$ 5,009
Loss on transfer of accounts receivable related to the accounts receivable securitization		6,566	12,124
Service income related to the accounts receivable securitization		(5,377)	(4,091)
Loss on disposal of assets and other	3,633	8,485	13,042
Ferrellgas, L.P. And Subsidiaries [Member]
Loss on disposal of assets	3,633	7,296	5,009
Loss on transfer of accounts receivable related to the accounts receivable securitization		6,566	12,124
Service income related to the accounts receivable securitization		(5,377)	(4,091)
Loss on disposal of assets and other	$ 3,633	$ 8,485	$ 13,042

Supplemental Financial Statement Information (Shipping And Handling Expenses) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Shipping and handling expenses	$ 202,785	$ 203,405	$ 200,674
Ferrellgas, L.P. And Subsidiaries [Member]
Shipping and handling expenses	202,785	203,405	200,674
Operating Expense [Member]
Shipping and handling expenses	183,899	183,612	178,218
Operating Expense [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Shipping and handling expenses	183,899	183,612	178,218
Depreciation And Amortization Expense [Member]
Shipping and handling expenses	6,063	5,601	4,915
Depreciation And Amortization Expense [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Shipping and handling expenses	6,063	5,601	4,915
Equipment Lease Expense [Member]
Shipping and handling expenses	12,823	14,192	17,541
Equipment Lease Expense [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Shipping and handling expenses	$ 12,823	$ 14,192	$ 17,541

Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 22

-Paragraph 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 00-10

-Paragraph 6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18726-107790

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 45

-Section 45

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=6743974&loc=d3e60635-111653

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Handling Costs

-URI http://asc.fasb.org/extlink&oid=6514758

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 45

-Section S99

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6408413&loc=d3e221937-122793

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 45

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6408196&loc=d3e61069-111654

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Shipping Costs

-URI http://asc.fasb.org/extlink&oid=6525344

+ Details

Accounts And Notes Receivable, Net And Accounts Receivable Securitization (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	$ 61.0	$ 47.0
Available proceeds from additional trade accounts receivable	3.0	11.0
Ferrellgas, L.P. And Subsidiaries [Member]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	61.0	47.0
Available proceeds from additional trade accounts receivable	3.0	11.0
Accounts Receivable Securitization [Member]
Weighted average discount rate to value the retained interest in the transferred receivables	3.60%	3.50%
Accounts Receivable Securitization [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Weighted average discount rate to value the retained interest in the transferred receivables	3.60%	3.50%
Commercial Paper [Member]
Pledged trade receivable as collateral against collateralized notes payable	112.5
Note payable to Ferrellgas, L.P.	61.0
Commercial Paper [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Pledged trade receivable as collateral against collateralized notes payable	112.5
Note payable to Ferrellgas, L.P.	61.0
Maximum [Member]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	145.0
Maximum [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	$ 145.0

The amount for notes payable (written promise to pay), due to related parties.

+ References+ Details

Accounts And Notes Receivable, Net And Accounts Receivable Securitization (Accounts And Notes Receivable) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011	Jul. 31, 2010
Accounts receivable pledged as collateral	$ 112,509
Accounts receivable	51,104	33,725
Note receivable from Ferrellgas Receivables		44,927
Retained interest in Ferrellgas Receivables		15,323
Other	229	269
Less: Allowance for doubtful accounts	(4,310)	(5,010)
Accounts and notes receivable, net	159,532	89,234
Ferrellgas, L.P. And Subsidiaries [Member]
Accounts receivable pledged as collateral	112,509
Accounts receivable	51,104	33,725
Note receivable from Ferrellgas Receivables		44,927
Retained interest in Ferrellgas Receivables		15,323
Other	229	269
Less: Allowance for doubtful accounts	(4,310)	(5,010)
Accounts and notes receivable, net	$ 159,532	$ 89,234

For an unclassified balance sheet, amounts due from parties associated with the reporting entity as evidenced by a written promise to pay.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph k

-Subparagraph 1

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 2

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 7

-Section 03

-Paragraph 3

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 46R

-Paragraph 16, 17

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k)(1))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (d)

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.3)

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Related Parties

-URI http://asc.fasb.org/extlink&oid=6523133

+ Details

Goodwill And Intangible Assets, Net (Narrative) (Details)	12 Months Ended
	Jul. 31, 2011
Customers lists, maximum	15
Other intangible assets, minimum	2
Other intangible assets, maximum	15
Ferrellgas, L.P. And Subsidiaries [Member]
Customers lists, maximum	15
Other intangible assets, minimum	2
Other intangible assets, maximum	15
Non-Compete Agreements [Member]
Other intangible assets, minimum	2
Other intangible assets, maximum	10
Non-Compete Agreements [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Other intangible assets, minimum	2
Other intangible assets, maximum	10

Goodwill And Intangible Assets, Net (Goodwill And Intangible Assets, Net) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011	Jul. 31, 2010
Gross carrying amount	$ 248,944	$ 248,939
Goodwill accumulated amortization
Goodwill, Net	248,944	248,939
Net	204,136	221,057
Ferrellgas, L.P. And Subsidiaries [Member]
Gross carrying amount	248,944	248,939
Goodwill accumulated amortization
Goodwill, Net	248,944	248,939
Net	204,136	221,057
Trade Names And Trademarks [Member]
Gross carrying amount	59,130	59,117
Accumulated amortization
Net	59,130	59,117
Trade Names And Trademarks [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Gross carrying amount	59,130	59,117
Accumulated amortization
Net	59,130	59,117
Total Intangible Assets, Net [Member]
Gross carrying amount	507,496	502,647
Accumulated amortization	(303,360)	(281,590)
Net	204,136	221,057
Total Intangible Assets, Net [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Gross carrying amount	507,496	502,647
Accumulated amortization	(303,360)	(281,590)
Net	204,136	221,057
Customer Lists [Member]
Gross carrying amount	398,835	395,682
Accumulated amortization	(263,631)	(244,197)
Net	135,204	151,485
Customer Lists [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Gross carrying amount	398,835	395,682
Accumulated amortization	(263,631)	(244,197)
Net	135,204	151,485
Non-Compete Agreements [Member]
Gross carrying amount	46,024	44,341
Accumulated amortization	(37,189)	(35,203)
Net	8,835	9,138
Non-Compete Agreements [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Gross carrying amount	46,024	44,341
Accumulated amortization	(37,189)	(35,203)
Net	8,835	9,138
Other [Member]
Gross carrying amount	3,507	3,507
Accumulated amortization	(2,540)	(2,190)
Net	967	1,317
Other [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Gross carrying amount	3,507	3,507
Accumulated amortization	(2,540)	(2,190)
Net	967	1,317
Amortized Intangible Assets [Member]
Gross carrying amount	448,366	443,530
Accumulated amortization	(303,360)	(281,590)
Net	145,006	161,940
Amortized Intangible Assets [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Gross carrying amount	448,366	443,530
Accumulated amortization	(303,360)	(281,590)
Net	$ 145,006	$ 161,940

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

Debt instrument issuance date

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph e

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph l

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 72

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph e

-Clause 1

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 34

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Goodwill And Intangible Assets, Net (Estimated Amortization Expense) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011
Estimated amortization expense, 2012	$ 21,207
Estimated amortization expense, 2013	20,656
Estimated amortization expense, 2014	17,389
Estimated amortization expense, 2015	14,561
Estimated amortization expense, 2016	14,390
Ferrellgas, L.P. And Subsidiaries [Member]
Estimated amortization expense, 2012	21,207
Estimated amortization expense, 2013	20,656
Estimated amortization expense, 2014	17,389
Estimated amortization expense, 2015	14,561
Estimated amortization expense, 2016	$ 14,390

Debt (Senior Notes Narrative) (Details) (USD $)	1 Months Ended		12 Months Ended			1 Months Ended	12 Months Ended		1 Months Ended			1 Months Ended			1 Months Ended								1 Months Ended						1 Months Ended
Debt (Senior Notes Narrative) (Details) (USD $)	Apr. 30, 2010	Oct. 31, 2009	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009	Oct. 31, 2009 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2010 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Fixed Rate, 6.50%, Due 2021 [Member]	Nov. 30, 2010 Fixed Rate, 6.50%, Due 2021 [Member]	Nov. 24, 2010 Fixed Rate, 6.50%, Due 2021 [Member]	Jul. 31, 2011 Fixed Rate, 6.50%, Due 2021 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Nov. 30, 2010 Fixed Rate, 6.50%, Due 2021 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Nov. 24, 2010 Fixed Rate, 6.50%, Due 2021 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Nov. 30, 2010 Fixed Rate, 6.75%, Due 2014 [Member]	Nov. 30, 2010 Fixed Rate, 6.75%, Due 2014 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Mar. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member]	Jul. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member]	Apr. 30, 2010 Fixed Rate, 8.625%, Due 2020 [Member]	Jul. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Aug. 31, 2009 Fixed Rate, 8.87% Series C Senior Notes [Member]	Aug. 31, 2009 Fixed Rate, 8.87% Series C Senior Notes [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Sep. 30, 2009 Fixed Rate, 9.125%, Due 2017 [Member]	Sep. 30, 2009 Fixed Rate, 9.125%, Due 2017 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Oct. 31, 2009 Fixed Rate, 7.24% Series D Notes Due August 1, 2010 [Member]	Oct. 31, 2009 Fixed Rate, 7.24% Series D Notes Due August 1, 2010 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Oct. 31, 2009 Fixed Rate, 7.42% Series E Notes Due August 1, 2013 [Member]	Oct. 31, 2009 Fixed Rate, 7.42% Series E Notes Due August 1, 2013 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Apr. 30, 2010 Fixed Rate, 8.75% Senior Notes Due 2012 [Member]
Debt instrument, face amount											$ 500,000,000			$ 500,000,000	$ 450,000,000	$ 450,000,000	$ 280,000,000	$ 280,000,000	$ 280,000,000	$ 280,000,000			$ 300,000,000	$ 300,000,000
Debt instrument, interest rate									6.50%		6.50%	6.50%		6.50%	6.75%	6.75%	8.625%	8.625%	8.625%	8.625%	8.87%	8.87%	9.125%	9.125%	7.24%	7.24%	7.42%	7.42%	8.75%
Debt instrument, maturity year									2021		2021	2021		2021	2014	2014	2020	2020	2020	2020			2017	2017	2010	2010	2013	2013	2012
Proceeds from issuance of unsecured debt	273,400,000									491,300,000			491,300,000
Debt redeemed									500,000,000			500,000,000					98,000,000	98,000,000		98,000,000	73,000,000	73,000,000			82,000,000	82,000,000	70,000,000	70,000,000	268,000,000
Make-whole payment															11,100,000	11,100,000	8,400,000	8,400,000
Accrued interest paid															2,400,000	2,400,000	2,400,000	2,400,000
Unregistered notes, issuance date									November 24, 2010			November 24, 2010
Write-offs of unamortized discount on debt															25,300,000	25,300,000	2,200,000
Offering price as a percent of par value																							98.60%	98.60%
Prepayment premium for early extinguishment of debt		$ 17,300,000	$ (46,962,000)	$ (20,716,000)		$ 17,300,000	$ (36,449,000)	$ (17,308,000)																					$ 3,400,000

Debt (Secured Credit Facility Narrative) (Details) (USD $)	12 Months Ended		12 Months Ended																																	12 Months Ended					12 Months Ended
	Jul. 31, 2011 Secured Credit Facility [Member]	Jul. 31, 2010 Secured Credit Facility [Member]	Jul. 31, 2011 Secured Credit Facility [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 Secured Credit Facility [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2011 Federal Funds Rate [Member]	Jul. 31, 2011 Federal Funds Rate [Member]	Jul. 31, 2010 Federal Funds Rate [Member]	Jul. 31, 2011 Federal Funds Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 Federal Funds Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Swing Line Loans [Member]	Jul. 31, 2011 Swing Line Loans [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Eurodollar Rate Loan [Member]	Jul. 31, 2010 Eurodollar Rate Loan [Member]	Jul. 31, 2011 Eurodollar Rate Loan [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 Eurodollar Rate Loan [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Euro Rate [Member]	Jul. 31, 2010 Euro Rate [Member]	Jul. 31, 2011 Euro Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 Euro Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2011 Bank Of America's Prime Rate [Member]	Jul. 31, 2010 Bank Of America's Prime Rate [Member]	Jul. 31, 2011 Bank Of America's Prime Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 Bank Of America's Prime Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 One-Month Eurodollar Rate [Member]	Jul. 31, 2010 One-Month Eurodollar Rate [Member]	Jul. 31, 2011 One-Month Eurodollar Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 One-Month Eurodollar Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Three-Month Eurodollar Rate [Member]	Jul. 31, 2010 Three-Month Eurodollar Rate [Member]	Dec. 31, 2011 Three-Month Eurodollar Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 Three-Month Eurodollar Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Secure Insurance Arrangements [Member] Letter Of Credit [Member]	Jul. 31, 2010 Secure Insurance Arrangements [Member] Letter Of Credit [Member]	Jul. 31, 2011 Secure Insurance Arrangements [Member] Letter Of Credit [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2010 Secure Insurance Arrangements [Member] Letter Of Credit [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Secured Facility Due November 2012 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Secured Credit Facility [Member]	Jul. 31, 2010 Secured Credit Facility [Member]	Jul. 31, 2011 Secured Credit Facility [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2010 Secured Credit Facility [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Secured Credit Facility [Member] Letter Of Credit [Member]	Jul. 31, 2010 Secured Credit Facility [Member] Letter Of Credit [Member]	Jul. 31, 2009 Secured Credit Facility [Member] Letter Of Credit [Member]	Jul. 31, 2011 Secured Credit Facility [Member] Letter Of Credit [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2010 Secured Credit Facility [Member] Letter Of Credit [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2009 Secured Credit Facility [Member] Letter Of Credit [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2010 Secured Credit Facility [Member]	Jul. 31, 2011 Minimum [Member] Eurodollar Rate Loan [Member]	Jul. 31, 2011 Minimum [Member] Eurodollar Rate Loan [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Minimum [Member] Euro Rate [Member]	Jul. 31, 2011 Minimum [Member] Euro Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Maximum [Member] Eurodollar Rate Loan [Member]	Jul. 31, 2011 Maximum [Member] Eurodollar Rate Loan [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Maximum [Member] Euro Rate [Member]	Jul. 31, 2011 Maximum [Member] Euro Rate [Member] Ferrellgas, L.P. And Subsidiaries [Member]
Secured line of credit facility																																					$ 400,000,000		$ 400,000,000		$ 200,000,000			$ 200,000,000
Debt instrument, maturity date	November 2012																																			November 2012
Line of credit facility	129,500,000		129,500,000																																					167,000,000							167,000,000
Amount classified as long-term debt	64,600,000		64,600,000																																					99,800,000							99,800,000
Weighted average interest rate of debt	6.53%		6.53%	5.91%																																		5.91%
Weighted average interest rate of debt	9.20%	9.50%
Debt instrument, basis spread rate						0.50%	0.18%	0.50%		1.00%	1.00%	4.00%	3.75%	4.00%	3.75%	3.00%	2.75%	3.00%	2.75%		3.25%																											3.50%	3.50%	2.50%	2.50%	4.25%	4.25%	3.25%	3.25%
Credit facility interest rate					0.11%			0.11%	0.18%											3.25%		3.25%	3.25%	0.22%	0.40%	0.22%	0.40%	0.34%	0.60%	0.34%	0.60%
Commitment fee payable rate	0.50%		0.50%
Letter of credit outstanding																																47,500,000	47,100,000	47,500,000	47,100,000
Letter of credit facility, remaining capacity																																									152,500,000	152,900,000		152,500,000	152,900,000
Line of credit facility, commitment fee																																									$ 1,100,000	$ 900,000	$ 900,000	$ 1,100,000	$ 900,000	$ 900,000

Debt (Components Of Long-Term Debt) (Details) (USD $)

0 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

Jul. 31, 2011

Jul. 31, 2010

Jul. 31, 2011

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2010

Ferrellgas, L.P. And Subsidiaries [Member]

Nov. 24, 2010

Fixed Rate, 6.50%, Due 2021 [Member]

Jul. 31, 2011

Fixed Rate, 6.50%, Due 2021 [Member]

Nov. 24, 2010

Fixed Rate, 6.50%, Due 2021 [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2011

Fixed Rate, 6.50%, Due 2021 [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2011

Fixed Rate, 6.75%, Due 2014 [Member]

Jul. 31, 2010

Fixed Rate, 6.75%, Due 2014 [Member]

Jul. 31, 2011

Fixed Rate, 6.75%, Due 2014 [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2010

Fixed Rate, 6.75%, Due 2014 [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Sep. 14, 2009

Fixed Rate, 9.125%, Due 2017 [Member]

Jul. 31, 2011

Fixed Rate, 9.125%, Due 2017 [Member]

Jul. 31, 2010

Fixed Rate, 9.125%, Due 2017 [Member]

Sep. 14, 2009

Fixed Rate, 9.125%, Due 2017 [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2011

Fixed Rate, 9.125%, Due 2017 [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2010

Fixed Rate, 9.125%, Due 2017 [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Apr. 13, 2010

Fixed Rate, 8.625%, Due 2020 [Member]

Jul. 31, 2011

Fixed Rate, 8.625%, Due 2020 [Member]

Jul. 31, 2010

Fixed Rate, 8.625%, Due 2020 [Member]

Jul. 31, 2011

Notes Payable [Member]

Jul. 31, 2010

Notes Payable [Member]

Jul. 31, 2011

Notes Payable [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2010

Notes Payable [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2011

Secured Credit Facility [Member]

Jul. 31, 2010

Secured Credit Facility [Member]

Jul. 31, 2011

Secured Credit Facility [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Dec. 31, 2010

Secured Credit Facility [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2010

Secured Credit Facility [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2011

Long-Term Debt [Member]

Jul. 31, 2010

Long-Term Debt [Member]

Jul. 31, 2011

Long-Term Debt [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

Jul. 31, 2010

Long-Term Debt [Member]

Ferrellgas, L.P. And Subsidiaries [Member]

November 24, 2010

April 13, 2010

Senior notes

$ 500,000,000

^[1]

$ 500,000,000

$ 428,026,000

$ 300,000,000

$ 296,528,000

^[2]

$ 296,130,000

^[2]

$ 300,000,000

$ 296,528,000

$ 296,130,000

$ 280,000,000

$ 182,000,000

^[3]

$ 280,000,000

^[3]

Line of credit facility

64,573,000

99,797,000

64,573,000

99,797,000

Notes payable

10,376,000

9,475,000

10,376,000

9,475,000

Total long-term debt

1,053,477,000

1,113,428,000

871,477,000

833,428,000

Less: current portion, included in other current liabilities on the consolidated balance sheets

2,557,000

2,340,000

2,557,000

2,340,000

Long-term debt

1,050,920,000

1,111,088,000

868,920,000

831,088,000

1,050,920,000

1,111,088,000

868,920,000

831,088,000

Debt instrument, interest rate

6.50%

6.75%

9.125%

8.625%

Debt instrument, maturity year

2021

2014

2017

2020

Short-term borrowings

64,927,000

67,203,000

64,927,000

67,203,000

64,900,000

67,200,000

64,900,000

67,200,000

Unamortized discount

$ 21,974,000

$ 4,200,000

$ 3,472,000

$ 3,870,000.000

$ 4,200,000

$ 3,472,000

$ 3,870,000

$ 2,805,000

$ 2,876,000

$ 2,805,000

$ 2,876,000

Weighted average interest rate of debt

9.20%

9.50%

6.53%

5.91%

Weighted average interest rate of debt

9.20%

9.50%

Long-term debt, Notes payable due start

2011

Long-term debt, Notes payable due end

October 1, 2017

2020

Debt instrument, maturity date

May 1, 2021

November 2012

Debt instrument, maturity date

Oct. 01, 2017

Prepayment penalty, year which penalty is no longer valid

2019

2015

2018

[1]	On November 24, 2010, the operating partnership issued $500.0 million of its fixed rate senior notes. These notes are general unsecured senior obligations of the operating partnership and are effectively junior to all future senior secured indebtedness of the operating partnership, to the extent of the value of the assets securing the debt, and are structurally subordinated to all existing and future indebtedness and obligations of the operating partnership. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on May 1 and November 1 of each year. The outstanding principal amount is due on May 1, 2021. The operating partnership would incur prepayment penalties if it were to repay the notes prior to 2019.
[2]	On September 14, 2009, the operating partnership issued $300.0 million of its fixed rate senior notes with a debt discount of $4.2 million that will be amortized to interest expense through 2017. These notes are senior unsecured obligations of the operating partnership and rank on an equal basis in right of payment with all senior indebtedness of the operating partnership, are senior to all subordinated indebtedness of the operating partnership and are junior to all secured indebtedness of the operating partnership. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on April 1 and October 1 of each year. The outstanding principal amount is due on October 1, 2017. The operating partnership would incur prepayment penalties if it were to repay the notes prior to 2015.
[3]	On April 13, 2010, Ferrellgas Partners issued $280.0 million of its fixed rate senior notes. The senior notes bear interest from the date of issuance, payable semi-annually in arrears on June 15 and December 15 of each year. Ferrellgas Partners would incur prepayment penalties if it were to repay the notes prior to 2018.

Debt (Scheduled Annual Principal Payments On Long-term Debt) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011
2012	$ 2,557
2013	2,096
2014	2,079
2015	2,028
2016	1,976
Thereafter	1,049,018
Total	1,059,754
Ferrellgas, L.P. And Subsidiaries [Member]
2012	2,557
2013	2,096
2014	2,079
2015	2,028
2016	1,976
Thereafter	867,018
Total	$ 877,754

Partners' Capital (Narrative) (Details) (USD $)	1 Months Ended		3 Months Ended	12 Months Ended			3 Months Ended	12 Months Ended				3 Months Ended	12 Months Ended			3 Months Ended	12 Months Ended
Partners' Capital (Narrative) (Details) (USD $)	Aug. 31, 2011	Nov. 30, 2010	Jul. 31, 2011	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009	Jul. 31, 2011 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2010 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Ferrellgas Partners [Member]	Jul. 31, 2011 Ferrellgas Partners [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Ferrellgas Partners [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 General Partner [Member]	Jul. 31, 2010 General Partner [Member]	Jul. 31, 2011 General Partner [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 General Partner [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Dec. 31, 2010 General Partner [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Original Offering [Member]	Jul. 31, 2011 Over Allotment Offering [Member]	Jul. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member]	Mar. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member]	Apr. 30, 2010 Fixed Rate, 8.625%, Due 2020 [Member]	Jul. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member] Ferrellgas, L.P. And Subsidiaries [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest											98.00%			2.00%			1.0101%
Minimum percentage ownership of outstanding common units resulting in non voting of owners				20.00%
Cash distribution declared date			August 26, 2011				August 26, 2011
Cash distributions declared per common unit	$ 0.50
Cash distributions, payment date			September 14, 2011				September 14, 2011
Distribution payable, amount												$ 38,400,000	$ 38,400,000			$ 400,000	$ 400,000
Distribution paid, amount												0				0
Cash received from contributions													157,700,000	3,300,000	500,000		1,600,000	500,000
Non-cash contributions														500,000	300,000		200,000	200,000
Cash contributions										51,300,000
Net asset contributions related to acquisitions								2,900,000	3,100,000
Public offering for common units		1,200,000		5,100,000	1,100,000														4,400,000	700,000
Proceeds from equity offering				157,212,000	19,949,000	69,447,000
Net proceeds				127,300,000
Net proceeds used to reduce outstanding debt		30,000,000			20,000,000
Ferrellgas issued common units				100,000	200,000
Value of new issues of common stock during period				2,900,000	3,100,000
Distributions paid to partners													107,900,000	384,000
Debt redeemed																					98,000,000	98,000,000		98,000,000
Debt instrument, face amount																					280,000,000	280,000,000	280,000,000	280,000,000
Debt instrument, interest rate																					8.625%	8.625%	8.625%	8.625%
Debt maturity year																					2020	2020	2020	2020
Debt instrument, make whole payment																					8,400,000	8,400,000
Accrued interest paid																					$ 2,400,000	$ 2,400,000

Partners' Capital (Limited Partner Units) (Details)

12 Months Ended

Jul. 31, 2011

Jul. 31, 2010

Equity interest in subsidiarires common units

100.00%

Public Common Unitholders [Member]

51,285,212

^[1]

44,840,677

^[1]

Ferrell Companies [Member]

Equity interest in subsidiarires common units

20,080,776

^[2]

20,080,776

^[2]

26.00%

FCI Trading Corp. [Member]

195,686

^[3]

195,686

^[3]

Ferrell Propane [Member]

51,204

^[4]

51,204

^[4]

James E. Ferrell [Member]

4,353,475

^[5]

4,353,475

^[5]

[1]	These common units are listed on the New York Stock Exchange under the symbol "FGP."
[2]	Ferrell Companies is the owner of the general partner and a 26% owner of Ferrellgas Partner's common units and thus a related party.
[3]	FCI Trading Corp. ("FCI Trading") is an affiliate of the general partner and thus a related party.
[4]	Ferrell Propane, Inc. ("Ferrell Propane") is controlled by the general partner and thus a related party.
[5]

The number of limited partner units outstanding.

+ References+ Details

Partners' Capital (Partners Distribution Paid) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Common unit and general partner distributions paid	$ 145,002	$ 139,763	$ 132,581
Distributions	147,785	141,721	134,173
Ferrellgas, L.P. And Subsidiaries [Member]
Distributions	275,560	193,780	157,623
Public Common Unitholders [Member]
Common unit and general partner distributions paid	94,188	89,001	81,922
Ferrell Companies [Member]
Common unit and general partner distributions paid	40,160	40,160	40,160
FCI Trading Corp. [Member]
Common unit and general partner distributions paid	392	392	392
Ferrell Propane [Member]
Common unit and general partner distributions paid	104	104	104
Mr. Ferrell [Member]
Common unit and general partner distributions paid	8,708	8,708	8,678
Ferrellgas Partners [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Distributions	272,777	191,822	156,031
General Partner [Member]
Common unit and general partner distributions paid	1,450	1,398	1,325
General Partner [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Distributions	$ 2,783	$ 1,958	$ 1,592

Total distributions to each class of partners (i.e., general, limited and preferred partners).

+ References+ Details

Derivatives (Narrative) (Details) (USD $)	12 Months Ended
Derivatives (Narrative) (Details) (USD $)	Jul. 31, 2011	Jul. 31, 2010
Gain (loss) recognized in earnings related to hedge ineffectiveness	$ 0	$ 0
Reclassification of net gain to earnings during next 12 months	5,200,000
Reclassification of gain (loss) to earnings from discontinuance of cash flow hedges	0	0
Number of barrels of propane entered into as cash flow hedges	500,000
Percentage of top four companies cash flow hedge settled	87.00%	84.00%
Ferrellgas, L.P. And Subsidiaries [Member]
Gain (loss) recognized in earnings related to hedge ineffectiveness	0	0
Reclassification of net gain to earnings during next 12 months	5,200,000
Reclassification of gain (loss) to earnings from discontinuance of cash flow hedges	$ 0	$ 0
Number of barrels of propane entered into as cash flow hedges	500,000
Percentage of top four companies cash flow hedge settled	87.00%	84.00%

Derivatives (Fair Value Of The Financial Derivative Instruments) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011	Jul. 31, 2010
Prepaid Expenses And Other Current Assets [Member]
Derivatives - Price risk management assets	$ 7,637	$ 1,882
Prepaid Expenses And Other Current Assets [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Derivatives - Price risk management assets	7,637	1,882
Other Current Liabilities [Member]
Derivatives - Price risk management liabilities	2,476	2,039
Other Current Liabilities [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Derivatives - Price risk management liabilities	$ 2,476	$ 2,039

Derivatives (Cash Flow Hedge Activity Included In OCI) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	$ 22,676	$ 12,063
Reclassification of net gains originally recorded within OCI to Cost of product sold - propane and other gas liquids	17,358	11,231
Ferrellgas, L.P. And Subsidiaries [Member]
Fair value gain adjustment classified as OCI with offset in Price risk management assets and Price risk management liabilities	22,676	12,063
Reclassification of net gains originally recorded within OCI to Cost of product sold - propane and other gas liquids	$ 17,358	$ 11,231

Transactions With Related Parties (Primarily Include Compensation And Benefits Paid To Employees Of The General Partner) (Details) (USD $)	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
General and administrative expense	$ 61,891,000	$ 51,772,000	$ 41,382,000
Ferrellgas, L.P. And Subsidiaries [Member]
General and administrative expense	61,891,000	51,772,000	41,382,000
Compensation And Benefits [Member]
Operating expense	206,276,000	224,974,000	217,374,000
General and administrative expense	26,777,000	24,620,000	23,801,000
Compensation And Benefits [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Operating expense	206,276,000	224,974,000	217,374,000
General and administrative expense	$ 26,777,000	$ 24,620,000	$ 23,801,000

Contingencies And Commitments (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Accrual for litigation expenses	$ 10.0
Ferrellgas, L.P. And Subsidiaries [Member]
Accrual for litigation expenses	10.0
Property And Equipment [Member]
Non-cancelable operating leases, expiration year	2024
Rental expense	33.3	33.7	38.6
Property And Equipment [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Non-cancelable operating leases, expiration year	2024
Rental expense	33.3	33.7	38.6
Transportation Equipment [Member]
Transportation equipment lease expiration period, years	7
Fair value of these residual value guarantees	0.8
Residual value of leased assets	4.4
Transportation Equipment [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
Transportation equipment lease expiration period, years	7
Fair value of these residual value guarantees	0.8
Residual value of leased assets	$ 4.4

Contingencies And Commitments (Contractual Operating Lease Commitments And Buyout Obligations) (Details) (USD $) In Thousands, unless otherwise specified	Jul. 31, 2011
Operating Lease Obligations [Member]
2012	$ 20,998
2013	15,023
2014	11,680
2015	9,270
2016	7,401
Thereafter	10,880
Operating Lease Obligations [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
2012	20,998
2013	15,023
2014	11,680
2015	9,270
2016	7,401
Thereafter	10,880
Operating Lease Buyouts [Member]
2012	3,205
2013	1,456
2014	899
2015	787
2016	966
Thereafter	4,372
Operating Lease Buyouts [Member] \| Ferrellgas, L.P. And Subsidiaries [Member]
2012	3,205
2013	1,456
2014	899
2015	787
2016	966
Thereafter	$ 4,372

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within one year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the fifth year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the fourth year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the third year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the second year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due after the fifth year from the balance sheet date on leases defined as operating.

+ References+ Details

Employee Benefits (Details) (USD $)	12 Months Ended
Employee Benefits (Details) (USD $)	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Number of employees	0
Non-cash compensation charges	$ 10,157,000	$ 9,322,000	$ 6,755,000
Matching contributions	3,100,000	3,200,000	2,700,000
Other comprehensive income and other liabilities adjustment	200,000	46,000	(6,000)
Ferrellgas, L.P. And Subsidiaries [Member]
Number of employees	0
Non-cash compensation charges	10,157,000	9,322,000	6,755,000
Matching contributions	3,100,000	3,200,000	2,700,000
Other comprehensive income and other liabilities adjustment	$ 200,000	$ 46,000	$ (6,000)

The after-tax amount of the change in the additional pension liability not yet recognized pursuant to FAS 87 par 37 and 38 as a net periodic pension cost. If the additional pension liability required to be recognized exceeds the unrecognized prior service costs, then the excess (which is the net loss not yet recognized as net periodic pension cost) is to be recorded as a reduction of other comprehensive income, before adjusting for tax effects. If in a subsequent measurement, the amount of minimum liability is eliminated or adjusted, this adjustment is offset against other comprehensive income in Accumulated Comprehensive Income. This line also includes changes in an entity's share of an equity investee's Increase or Decrease in additional pension liability not yet recognized as a net periodic pension cost. Eliminated upon adoption of FAS 158.

Net Earnings (Loss) Per Common Unitholders' Interest

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph c(5)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 21

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 14, 17, 19, 20-25

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 13

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (j)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 55

-Paragraph 2

-Subparagraph (h)

-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Net Earnings (Loss) Per Common Unitholders' Interest (Basic And Diluted Net Earnings Per Common Unitholders' Interest) (Details) (USD $)
In Thousands, except Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Jul. 31, 2011

Apr. 30, 2011

Jan. 31, 2011

Oct. 31, 2010

Jul. 31, 2010

Apr. 30, 2010

Jan. 31, 2010

Oct. 31, 2009

Jul. 31, 2011

Jul. 31, 2010

Jul. 31, 2009

Common unitholders' interest in net earnings (loss)

$ (40,498)

$ 3,141

^[1]

$ 21,908

^[2]

$ (27,763)

$ (40,095)

$ 28,574

^[3]

$ 64,397

$ (32,338)

^[4]

$ (43,212)

$ 32,382

$ 52,046

Weighted average common units outstanding

72,313,600

69,241,700

65,540,700

Dilutive securities

131,800

72,700

Weighted average common units outstanding plus dilutive securities

72,313,600

69,373,500

72,313,600

69,373,500

65,613,400

Basic and diluted net earnings (loss) per common unitholders' interest

$ (0.53)

$ 0.04

^[1]

$ 0.31

^[2]

$ (0.40)

$ (0.58)

$ 0.41

^[3]

$ 0.93

$ (0.47)

^[4]

$ (0.60)

$ 0.47

$ 0.79

[1]	Includes litigation accrual and related legal fees, which decreased Net earnings by $10.5 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $10.4 million, decreased Common unitholders' interest in net earnings by $10.3 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.14. Also includes "Loss on extinguishment of debt," which decreased Net earnings by $10.5 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $10.5 million, decreased Common unitholders' interest in net earnings by $10.4 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.14. See Note L - Contingencies and commitments - for a discussion of the litigation accrual and related legal fees. See Note H - Debt - for a discussion of make-whole payments and non-cash write-offs of debt.
[2]	Includes "Loss on extinguishment of debt," which decreased Net earnings by $36.4 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $36.1 million, decreased Common unitholders' interest in net earnings by $35.7 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.50. See Note H - Debt - for a discussion of make-whole payments and non-cash write-offs of debt.
[3]	Includes "Loss on extinguishment of debt," which decreased Net earnings by $3.4 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $3.4 million, decreased Common unitholders' interest in net earnings by $3.4 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.05.
[4]	Includes "Loss on extinguishment of debt" which increased Net loss by $17.3 million, increased Net loss attributable to Ferrellgas Partners, L.P. by $17.1 million, increased Common unitholders' interest in net loss by $17.0 million and increased Basic and diluted net loss per common unitholders' interest by $0.25.

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References+ Details

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

Gross margin from propane and other gas liquids sales

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 171

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Weighted-Average Number of Common Shares Outstanding

-URI http://asc.fasb.org/extlink&oid=6528421

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Quarterly Data (Summarized Unaudited Quarterly Data) (Details) (USD $)

3 Months Ended

12 Months Ended

Jul. 31, 2011

Apr. 30, 2011

Jan. 31, 2011

Oct. 31, 2010

Jul. 31, 2010

Apr. 30, 2010

Jan. 31, 2010

Oct. 31, 2009

Jul. 31, 2011

Jul. 31, 2010

Jul. 31, 2009

Revenues

$ 449,658,000

$ 732,373,000

^[1]

$ 840,992,000

^[2]

$ 400,192,000

$ 353,848,000

$ 615,290,000

^[3]

$ 777,852,000

$ 352,070,000

^[4]

$ 2,423,215,000

$ 2,099,060,000

$ 2,069,522,000

111,405,000

^[5]

164,608,000

^[1],[5]

214,763,000

^[2],[5]

112,137,000

^[5]

114,962,000

^[5]

180,708,000

^[3],[5]

220,368,000

^[5]

126,746,000

^[4],[5]

Net earnings (loss) attributable to Ferrellgas Partners, L.P.

(41,283,000)

3,369,000

^[1]

22,419,000

^[2]

(28,265,000)

(40,846,000)

29,264,000

^[3]

77,858,000

(32,937,000)

^[4]

(43,760,000)

33,339,000

53,355,000

(40,907,000)

3,173,000

^[1]

22,129,000

^[2]

(28,043,000)

(40,500,000)

28,863,000

^[3]

77,011,000

(32,665,000)

^[4]

(43,648,000)

32,709,000

52,572,000

Common unitholders' interest in net earnings (loss)

(40,498,000)

3,141,000

^[1]

21,908,000

^[2]

(27,763,000)

(40,095,000)

28,574,000

^[3]

64,397,000

(32,338,000)

^[4]

(43,212,000)

32,382,000

52,046,000

Basic and diluted net earnings (loss) per common unitholders' interest

$ (0.53)

$ 0.04

^[1]

$ 0.31

^[2]

$ (0.40)

$ (0.58)

$ 0.41

^[3]

$ 0.93

$ (0.47)

^[4]

$ (0.60)

$ 0.47

$ 0.79

Loss on extinguishment of debt, per share

10,500,000

36,400,000

3,400,000

17,300,000

(27,463,000)

$ 0.14

$ 0.50

$ 0.05

$ 0.25

Gross margin from propane and other gas liquids sales

10,500,000

Legal fees, per share

$ 0.14

Ferrellgas, L.P. And Subsidiaries [Member]

Revenues

449,658,000

732,373,000

^[6]

840,992,000

^[7]

400,192,000

353,848,000

615,290,000

777,852,000

352,070,000

^[8]

2,423,215,000

2,099,060,000

2,069,522,000

111,405,000

^[9]

164,608,000

^[6],[9]

214,763,000

^[7],[9]

112,137,000

^[9]

114,962,000

^[9]

180,708,000

^[9]

220,368,000

^[9]

126,746,000

^[8],[9]

(37,167,000)

19,416,000

^[6]

28,688,000

^[7]

(21,999,000)

(34,262,000)

39,661,000

83,849,000

(26,887,000)

^[8]

(11,062,000)

62,361,000

77,501,000

10,500,000

36,400,000

17,300,000

(25,403,000)

(10,500,000)

Common Unitholders [Member]

10,400,000

35,700,000

3,400,000

17,000,000

10,300,000

Ferrellgas Partners, L.P. [Member]

36,100,000

3,400,000

17,100,000

$ 10,400,000

[1]	Includes litigation accrual and related legal fees, which decreased Net earnings by $10.5 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $10.4 million, decreased Common unitholders' interest in net earnings by $10.3 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.14. Also includes "Loss on extinguishment of debt," which decreased Net earnings by $10.5 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $10.5 million, decreased Common unitholders' interest in net earnings by $10.4 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.14. See Note L - Contingencies and commitments - for a discussion of the litigation accrual and related legal fees. See Note H - Debt - for a discussion of make-whole payments and non-cash write-offs of debt.
[2]	Includes "Loss on extinguishment of debt," which decreased Net earnings by $36.4 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $36.1 million, decreased Common unitholders' interest in net earnings by $35.7 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.50. See Note H - Debt - for a discussion of make-whole payments and non-cash write-offs of debt.
[3]	Includes "Loss on extinguishment of debt," which decreased Net earnings by $3.4 million, decreased Net earnings attributable to Ferrellgas Partners, L.P. by $3.4 million, decreased Common unitholders' interest in net earnings by $3.4 million and decreased Basic and diluted net earnings per common unitholders' interest by $0.05.
[4]	Includes "Loss on extinguishment of debt" which increased Net loss by $17.3 million, increased Net loss attributable to Ferrellgas Partners, L.P. by $17.1 million, increased Common unitholders' interest in net loss by $17.0 million and increased Basic and diluted net loss per common unitholders' interest by $0.25.
[5]	Gross margin from "Propane and other gas liquids sales" represents "Revenues - Propane and other gas liquids sales" less "Cost of product sold - propane and other gas liquids sales."
[6]	Includes litigation accrual and related legal fees, which decreased Net earnings by $10.5 million. See Note L - Contingencies and commitments - for a discussion of the litigation accrual and related legal fees.
[7]	Includes "Loss on extinguishment of debt," which decreased Net earnings by $36.4 million. See Note H - Debt - for a discussion of make-whole payments and non-cash write-offs of debt.
[8]	Includes "Loss on extinguishment of debt," which increased Net loss by $17.3 million. See Note H - Debt - for a discussion of make-whole payments and non-cash write-offs of debt.
[9]	Gross margin from "Propane and other gas liquids sales" represents "Revenues - Propane and other gas liquids sales" less "Cost of product sold - propane and other gas liquids sales."

Subsequent Events (Details) (USD $)					12 Months Ended
Subsequent Events (Details) (USD $)	Sep. 30, 2011 New Secured Credit Facility [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Sep. 30, 2011 Letter Of Credit [Member] New Secured Credit Facility [Member]	Sep. 30, 2011 Letter Of Credit [Member] New Secured Credit Facility [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Sep. 30, 2011 Secured Credit Facility [Member] New Secured Credit Facility [Member]	Jul. 31, 2011 Minimum [Member]	Jul. 31, 2011 Minimum [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Maximum [Member]	Jul. 31, 2011 Maximum [Member] Ferrellgas, L.P. And Subsidiaries [Member]
Secured line of credit facility	$ 400,000,000	$ 200,000,000	$ 200,000,000	$ 400,000,000
Secured credit facility interest rate					1.25%	1.25%	1.50%	1.50%

Commitment (Details) (USD $)	1 Months Ended	12 Months Ended			1 Months Ended	12 Months Ended						1 Months Ended																1 Months Ended
Commitment (Details) (USD $)	Oct. 31, 2009	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009	Oct. 31, 2009 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2010 Ferrellgas, L.P. And Subsidiaries [Member]	Aug. 04, 2008 Senior Notes [Member] Ferrellgas Finance Corp. [Member]	Apr. 20, 2004 Senior Notes [Member] Ferrellgas Finance Corp. [Member]	Apr. 30, 2010 Senior Notes [Member] Ferrellgas Partners Finance Corp. [Member]	Sep. 30, 2009 Senior Unsecured Notes [Member] Ferrellgas Finance Corp. [Member]	Apr. 30, 2010 Senior Unsecured Notes [Member] Ferrellgas Partners Finance Corp. [Member]	Sep. 30, 2009 Series D Notes [Member]	Sep. 30, 2009 Series E Note [Member]	Nov. 30, 2010 Fixed Rate, 6.75%, Due 2014 [Member]	Nov. 30, 2010 Fixed Rate, 6.75%, Due 2014 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Nov. 30, 2010 Fixed Rate, 6.75%, Due 2014 [Member] Ferrellgas Finance Corp. [Member]	Jul. 31, 2011 Fixed Rate, 6.50%, Due 2021 [Member]	Nov. 24, 2010 Fixed Rate, 6.50%, Due 2021 [Member]	Jul. 31, 2011 Fixed Rate, 6.50%, Due 2021 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Nov. 24, 2010 Fixed Rate, 6.50%, Due 2021 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Jul. 31, 2011 Fixed Rate, 6.50%, Due 2021 [Member] Ferrellgas Finance Corp. [Member]	Nov. 30, 2010 Fixed Rate, 6.50%, Due 2021 [Member] Ferrellgas Finance Corp. [Member]	Jul. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member]	Mar. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member]	Apr. 30, 2010 Fixed Rate, 8.625%, Due 2020 [Member]	Jul. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member] Ferrellgas, L.P. And Subsidiaries [Member]	Apr. 30, 2010 Fixed Rate, 8.625%, Due 2020 [Member] Ferrellgas Partners Finance Corp. [Member]	Mar. 31, 2011 Fixed Rate, 8.625%, Due 2020 [Member] Ferrellgas Partners Finance Corp. [Member]
Senior notes, principal amount											$ 300,000,000	$ 280,000,000											$ 500,000,000						$ 280,000,000
Principal amount of debt, commenced offer to exchange																						500,000,000
Debt instrument, maturity year										2012	2017	2020	2010	2013	2014	2014	2014	2021	2021	2021	2021	2021	2021	2020	2020	2020	2020		2020
Debt redeemed										268,000,000			82,000,000	70,000,000			450,000,000	500,000,000		500,000,000				98,000,000	98,000,000		98,000,000		98,000,000
Prepayment premium for early extinguishment of debt	17,300,000	(46,962,000)	(20,716,000)		17,300,000	(36,449,000)	(17,308,000)																					3,400,000
Make-whole payments														17,300,000	11,100,000	11,100,000	11,100,000							8,400,000	8,400,000				8,400,000
Percentage of senior notes offering price equalizing par value											98.60%
Debt instrument, interest rate								6.75%	6.75%	8.75%	9.125%	8.625%	7.24%	7.42%			6.75%					6.50%	6.50%						8.625%
Accrued interest		$ 19,779,000	$ 20,412,000			$ 17,773,000	$ 17,324,000										$ 2,400,000												$ 2,400,000
Debt instrument earliest redemption date												Jun. 15, 2015

Income Taxes (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Deferred tax expense (benefit)	$ 751	$ 439	$ 388
Deferred tax asset	992	1,030
Ferrellgas Finance Corp. [Member]
Deferred tax expense (benefit)	(10,549)
Valuation allowance provided for deferred tax asset	10,549
Net operating loss carryforward	27,119
Net operating loss carryforward, expiration date	July 31, 2030
Net deferred tax benefit	0	0	0
Deferred tax asset	0	0
Ferrellgas Partners Finance Corp. [Member]
Deferred tax expense (benefit)	(2,416)
Valuation allowance provided for deferred tax asset	2,416
Net operating loss carryforward	6,210
Net operating loss carryforward, expiration date	July 31, 2030
Net deferred tax benefit	0	0	0
Deferred tax asset	$ 0	$ 0

The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.

+ Details

The tax effect as of the balance sheet date of the amount of the estimated future tax deductions arising from currently nondeductible expenses pertaining to increases in liabilities and loss reserves, which can only be deducted for tax purposes when such expenses are actually incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken.

+ References+ Details

The amount of the valuation allowance recorded as of the balance sheet date pertaining to the specified deferred tax asset for which an assessment was made that it is more likely than not that all or a portion of such deferred tax asset will not be realized through related deductions on future tax returns.

+ References+ Details

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Balance Sheets) (Details) (USD $)	Jul. 31, 2011	Jul. 31, 2010
ASSETS
Cash and cash equivalents	$ 7,437,000	$ 11,401,000
Prepaid expenses and other current assets	23,885,000	13,842,000
Other assets, net	38,308,000	38,199,000
Total assets	1,460,586,000	1,442,351,000
LIABILITIES AND PARTNERS' CAPITAL
Other current liabilities	104,813,000	108,054,000
Long-term debt	1,050,920,000	1,111,088,000
Partners' capital:
Common unitholders	139,614,000	141,281,000
General partner	(58,660,000)	(58,644,000)
Accumulated other comprehensive income (loss)	4,633,000	(415,000)
Total partners' capital	88,317,000	85,902,000
Total liabilities and partners' capital	1,460,586,000	1,442,351,000
Parent Company [Member]
ASSETS
Cash and cash equivalents	95,000	12,000
Prepaid expenses and other current assets	18,000	10,000
Investment in Ferrellgas, L.P.	265,956,000	359,367,000
Other assets, net	3,657,000	6,152,000
Total assets	269,726,000	365,541,000
LIABILITIES AND PARTNERS' CAPITAL
Other current liabilities	2,139,000	3,319,000
Long-term debt	182,000,000	280,000,000
Partners' capital:
Common unitholders	139,614,000	141,281,000
General partner	(58,660,000)	(58,644,000)
Accumulated other comprehensive income (loss)	4,633,000	(415,000)
Total partners' capital	85,587,000	82,222,000
Total liabilities and partners' capital	$ 269,726,000	$ 365,541,000

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Statement Of Earnings) (Details) (USD $)	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Operating expense	$ 411,038,000	$ 409,014,000	$ 400,735,000
Operating income (loss)	105,761,000	158,363,000	146,487,000
Interest expense	(101,885,000)	(101,284,000)	(89,519,000)
Loss on extinguishment of debt	(46,962,000)	(20,716,000)
Other income (expense), net	567,000	(1,108,000)	(1,321,000)
Income tax expense	1,241,000	1,916,000	2,292,000
Net earnings (loss)	(43,760,000)	33,339,000	53,355,000
Parent Company [Member]
Equity in (earnings) loss of Ferrellgas, L.P.	(10,950,000)	61,731,000	76,718,000
Operating expense	(358,000)	(424,000)	(328,000)
Operating income (loss)	(11,308,000)	61,307,000	76,390,000
Interest expense	(21,811,000)	(24,498,000)	(23,734,000)
Loss on extinguishment of debt	(10,513,000)	(3,408,000)
Other income (expense), net		(666,000)
Income tax expense	(16,000)	(26,000)	(84,000)
Net earnings (loss)	$ (43,648,000)	$ 32,709,000	$ 52,572,000

Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment.

+ References+ Details

The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

+ References+ Details

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A1, A4, A5

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 5

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569616-111683

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591551-111686

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (a),(c)

-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Cash Flows) (Details) (USD $)	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Cash flows from operating activities:
Net earnings (loss)	$ (43,760,000)	$ 33,339,000	$ 53,355,000
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Other	4,362,000	2,196,000	(603,000)
Net cash provided by operating activities	117,561,000	134,630,000	201,769,000
Cash flows from investing activities:
Net cash used in investing activities	(51,063,000)	(81,328,000)	(53,230,000)
Cash flows from financing activities:
Distributions	(147,785,000)	(141,721,000)	(134,173,000)
Cash paid for financing costs	(9,886,000)	(22,073,000)	(3,903,000)
Proceeds from increase in long-term debt	564,807,000	936,861,000	208,259,000
Reductions in long-term debt	650,285,000	844,955,000	239,555,000
Issuance of common units (net of issuance costs of $300, $18 and $401 for the years ended July 31, 2011, 2010 and 2009, respectively	157,212,000	19,949,000	69,447,000
Proceeds from exercise of common unit options	544,000	1,189,000
Net cash used in financing activities	(70,464,000)	(48,969,000)	(158,080,000)
Increase (decrease) in cash and cash equivalents	(3,964,000)	4,335,000	(9,548,000)
Cash and cash equivalents - beginning of period	11,401,000	7,066,000	16,614,000
Cash and cash equivalents - end of period	7,437,000	11,401,000	7,066,000
Parent Company [Member]
Cash flows from operating activities:
Net earnings (loss)	(43,648,000)	32,709,000	52,572,000
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Other	1,509,000	1,182,000	292,000
Equity in (earnings) loss of Ferrellgas, L.P.	10,950,000	(61,731,000)	(76,718,000)
Net cash provided by operating activities	(31,189,000)	(27,840,000)	(23,854,000)
Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.	272,777,000	191,822,000	156,031,000
Cash contributed to Ferrellgas, L.P.	(157,680,000)	(51,300,000)	(69,848,000)
Net cash used in investing activities	115,097,000	140,522,000	86,183,000
Cash flows from financing activities:
Distributions	(145,002,000)	(139,763,000)	(132,581,000)
Cash paid for financing costs	(173,000)	(6,275,000)	50,000
Proceeds from increase in long-term debt		280,000,000
Reductions in long-term debt	(98,000,000)	(268,000,000)
Issuance of common units (net of issuance costs of $300, $18 and $401 for the years ended July 31, 2011, 2010 and 2009, respectively	157,212,000	19,949,000	69,447,000
Proceeds from exercise of common unit options	544,000	1,189,000
Other	1,594,000	214,000	702,000
Net cash used in financing activities	(83,825,000)	(112,686,000)	(62,382,000)
Increase (decrease) in cash and cash equivalents	83,000	(4,000)	(53,000)
Cash and cash equivalents - beginning of period	12,000	16,000	69,000
Cash and cash equivalents - end of period	$ 95,000	$ 12,000	$ 16,000

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Parenthetical) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
Issuance costs	$ 300	$ 18	$ 401
Parent Company [Member]
Common unitholders, units outstanding	75,966,353	69,521,818
General partner unitholder, units outstanding	767,337	702,241
Issuance costs	$ 300	$ 18	$ 401

The number of general partner units outstanding.

+ References+ Details