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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Jul. 31, 2012	Aug. 31, 2012	Jan. 31, 2012
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jul. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Entity Registrant Name	FERRELLGAS PARTNERS L P
Entity Central Index Key	0000922358
Current Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 897,101,276
Entity Well-known Seasoned Issuer	Yes
Trading Symbol	fgp
Ferrellgas Partners, L.P. [Member]
Entity Common Stock, Shares Outstanding		79,015,619
Ferrellgas Partners Finance Corp. [Member]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jul. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Entity Registrant Name	FERRELLGAS PARTNERS FINANCE CORP
Entity Central Index Key	0001012493
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	No
Ferrellgas Finance Corp. [Member]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jul. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Entity Registrant Name	FERRELLGAS FINANCE CORP
Entity Central Index Key	0000922360
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	No
Ferrellgas, L.P. [Member]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jul. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Entity Registrant Name	FERRELLGAS L P
Entity Central Index Key	0000922359
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	No

Consolidated Balance Sheets - USD ($)	Jul. 31, 2012	Jul. 31, 2011
Current assets:
Cash and cash equivalents	$ 8,429,000	$ 7,437,000
Accounts and notes receivable, net	124,004,000	159,532,000
Inventories	127,598,000	136,139,000
Prepaid expenses and other current assets	29,315,000	23,885,000
Total current assets	289,346,000	326,993,000
Property, plant and equipment, net	626,551,000	642,205,000
Goodwill	248,944,000	248,944,000
Intangible assets, net	189,118,000	204,136,000
Other assets, net	43,320,000	38,308,000
Total assets	1,397,279,000	1,460,586,000
Current liabilities:
Accounts payable	47,824,000	67,541,000
Short-term borrowings	95,730,000	64,927,000
Collateralized note payable	74,000,000	61,000,000
Other current liabilities	122,667,000	104,813,000
Total current liabilities	340,221,000	298,281,000
Long-term debt	1,059,085,000	1,050,920,000
Other liabilities	25,499,000	23,068,000
Contingencies and commitments
Partners' capital (deficit)
Common unitholders	43,701,000	139,614,000
General partner	(59,630,000)	(58,660,000)
Accumulated other comprehensive income (loss)	(13,159,000)	4,633,000
Total Ferrellgas Partners, L.P. partners' capital (deficit)	(29,088,000)	85,587,000
Noncontrolling interest	1,562,000	2,730,000
Total partners' capital (deficit)	(27,526,000)	88,317,000
Total liabilities and partners' capital (deficit)	1,397,279,000	1,460,586,000
Ferrellgas Partners Finance Corp. [Member]
Current assets:
Cash	969	969
Total assets	969	969
STOCKHOLDER'S EQUITY
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	10,919	8,920
Accumulated deficit	(10,950)	(8,951)
Total stockholder's equity	969	969
Ferrellgas, L.P. [Member]
Current assets:
Cash and cash equivalents	8,218,000	7,342,000
Accounts and notes receivable, net	124,004,000	159,532,000
Inventories	127,598,000	136,139,000
Prepaid expenses and other current assets	29,275,000	23,867,000
Total current assets	289,095,000	326,880,000
Property, plant and equipment, net	626,551,000	642,205,000
Goodwill	248,944,000	248,944,000
Intangible assets, net	189,118,000	204,136,000
Other assets, net	39,954,000	34,651,000
Total assets	1,393,662,000	1,456,816,000
Current liabilities:
Accounts payable	47,824,000	67,541,000
Short-term borrowings	95,730,000	64,927,000
Collateralized note payable	74,000,000	61,000,000
Other current liabilities	120,384,000	102,674,000
Total current liabilities	337,938,000	296,142,000
Long-term debt	877,085,000	868,920,000
Other liabilities	25,499,000	23,068,000
Contingencies and commitments
Partners' capital (deficit)
Common unitholders	164,737,000	261,323,000
General partner	1,683,000	2,669,000
Accumulated other comprehensive income (loss)	(13,280,000)	4,694,000
Total partners' capital (deficit)	153,140,000	268,686,000
Total liabilities and partners' capital (deficit)	1,393,662,000	1,456,816,000
Ferrellgas Finance Corp. [Member]
Current assets:
Cash	1,100	1,100
Total assets	1,100	1,100
STOCKHOLDER'S EQUITY
Common stock, $1.00 par value; 2,000 shares authorized; 1,000 shares issued and outstanding	1,000	1,000
Additional paid in capital	38,871	35,382
Accumulated deficit	(38,771)	(35,282)
Total stockholder's equity	$ 1,100	$ 1,100

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Accounts receivable pledged as collateral	$ 121,812	$ 112,509
Allowance for doubtful accounts	$ 3,812	$ 4,310
Common unitholders, units outstanding	79,006,619	75,966,353
General partner unitholder, units outstanding	798,047	767,337
Ferrellgas Partners Finance Corp. [Member]
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000
Ferrellgas, L.P. [Member]
Accounts receivable pledged as collateral	$ 121,812	$ 112,509
Allowance for doubtful accounts	$ 3,812	$ 4,310
Ferrellgas Finance Corp. [Member]
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	2,000	2,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

Consolidated Statements Of Earnings - USD ($)	12 Months Ended
Consolidated Statements Of Earnings - USD ($)	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Revenues:
Propane and other gas liquids sales	$ 2,160,945,000	$ 2,212,257,000	$ 1,900,318,000
Other	178,147,000	210,958,000	198,742,000
Total revenues	2,339,092,000	2,423,215,000	2,099,060,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	1,601,886,000	1,609,344,000	1,257,534,000
Cost of product sold - other	95,323,000	124,470,000	108,638,000
Operating expense	401,727,000	411,038,000	409,014,000
Depreciation and amortization expense	83,841,000	82,486,000	82,491,000
General and administrative expense	43,212,000	61,891,000	51,772,000
Equipment lease expense	14,648,000	14,435,000	13,441,000
Non-cash employee stock ownership plan compensation charge	9,440,000	10,157,000	9,322,000
Loss on disposal of assets and other	6,035,000	3,633,000	8,485,000
Operating income	82,980,000	105,761,000	158,363,000
Interest expense	(93,254,000)	(101,885,000)	(101,284,000)
Loss on extinguishment of debt		(46,962,000)	(20,716,000)
Other income (expense), net	506,000	567,000	(1,108,000)
Earnings (loss) before income taxes	(9,768,000)	(42,519,000)	35,255,000
Income tax expense	1,128,000	1,241,000	1,916,000
Net earnings (loss)	(10,896,000)	(43,760,000)	33,339,000
Net earnings (loss) attributable to noncontrolling interest	56,000	(112,000)	630,000
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	(10,952,000)	(43,648,000)	32,709,000
Less: General partner's interest in net earnings (loss)	(110,000)	(436,000)	327,000
Common unitholders' interest in net earnings (loss)	$ (10,842,000)	$ (43,212,000)	$ 32,382,000
Basic and diluted net earnings (loss) per common unitholders' interest	$ (0.14)	$ (0.60)	$ 0.47
Cash distributions declared per common unit	$ 2.00	$ 2.00	$ 2.00
Ferrellgas Partners Finance Corp. [Member]
Costs and expenses:
General and administrative expense	$ 1,999	$ 2,789	$ 568
Net earnings (loss)	(1,999)	(2,789)	(568)
Ferrellgas, L.P. [Member]
Revenues:
Propane and other gas liquids sales	2,160,945,000	2,212,257,000	1,900,318,000
Other	178,147,000	210,958,000	198,742,000
Total revenues	2,339,092,000	2,423,215,000	2,099,060,000
Costs and expenses:
Cost of product sold - propane and other gas liquids sales	1,601,886,000	1,609,344,000	1,257,534,000
Cost of product sold - other	95,323,000	124,470,000	108,638,000
Operating expense	401,377,000	410,680,000	408,590,000
Depreciation and amortization expense	83,841,000	82,486,000	82,491,000
General and administrative expense	43,212,000	61,891,000	51,772,000
Equipment lease expense	14,648,000	14,435,000	13,441,000
Non-cash employee stock ownership plan compensation charge	9,440,000	10,157,000	9,322,000
Loss on disposal of assets and other	6,035,000	3,633,000	8,485,000
Operating income	83,330,000	106,119,000	158,787,000
Interest expense	(77,127,000)	(80,074,000)	(76,786,000)
Loss on extinguishment of debt		(36,449,000)	(17,308,000)
Other income (expense), net	506,000	567,000	(442,000)
Earnings (loss) before income taxes	6,709,000	(9,837,000)	64,251,000
Income tax expense	1,120,000	1,225,000	1,890,000
Net earnings (loss)	5,589,000	(11,062,000)	62,361,000
Ferrellgas Finance Corp. [Member]
Costs and expenses:
General and administrative expense	3,489	8,163	20,462
Net earnings (loss)	$ (3,489)	$ (8,163)	$ (20,462)

Consolidated Statements Of Earnings (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Operating Expense [Member]
Non-cash stock and unit-based compensation	$ 2.7	$ 3.8	$ 2.2
General And Administrative Expense [Member]
Non-cash stock and unit-based compensation	6.1	9.7	5.7
Ferrellgas, L.P. [Member] \| Operating Expense [Member]
Non-cash stock and unit-based compensation	2.7	3.8	2.2
Ferrellgas, L.P. [Member] \| General And Administrative Expense [Member]
Non-cash stock and unit-based compensation	$ 6.1	$ 9.7	$ 5.7

- Definition

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 Comprehensive Income - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Oct. 31, 2011	Jul. 31, 2011	Apr. 30, 2011	Jan. 31, 2011	Oct. 31, 2010	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Comprehensive income (loss):
Net earnings (loss)	$ (35,850)	$ 21,062	$ 36,787	$ (32,895)	$ (35,850)	$ 21,062	$ 36,787	$ (32,895)	$ (10,896)	$ (43,760)	$ 33,339
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives									(25,068)	22,676	12,063
Reclassification of derivatives to earnings									7,108	(17,358)	(11,231)
Foreign currency translation adjustment									(52)	2	2
Pension liability adjustment									38	(220)	(46)
Other comprehensive income (loss)											788
Comprehensive income (loss)											34,127
Ferrellgas, L.P. [Member]
Comprehensive income (loss):
Net earnings (loss)	$ (31,746)	$ 25,253	$ 40,884	$ (28,802)	$ (31,746)	$ 25,253	$ 40,884	$ (28,802)	$ 5,589	(11,062)	62,361
Cumulative effect of change in accounting principle										1,255
Other comprehensive income (loss):
Other comprehensive income (loss)										5,100	788
Comprehensive income (loss)										(4,707)	63,149
Accumulated Other Comprehensive Income
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives											11,941
Reclassification of derivatives to earnings											(11,118)
Foreign currency translation adjustment											2
Pension liability adjustment											(46)
Accumulated Other Comprehensive Income \| Ferrellgas, L.P. [Member]
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives										22,676	12,063
Reclassification of derivatives to earnings										(17,358)	(11,231)
Foreign currency translation adjustment										2	2
Pension liability adjustment										$ (220)	(46)
Total Ferrellgas Partners, L.P. Partners' Capital [Member]
Comprehensive income (loss):
Net earnings (loss)											32,709
Other comprehensive income (loss):
Other comprehensive income (loss)											779
Comprehensive income (loss)											33,488
Non-Controlling Interest [Member]
Comprehensive income (loss):
Net earnings (loss)											630
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives											122
Reclassification of derivatives to earnings											(113)
Foreign currency translation adjustment											0
Pension liability adjustment											0
Comprehensive income (loss)											$ 639

Consolidated Statements Of Partners' Capital - USD ($)	Ferrellgas Partners Finance Corp. [Member] Common Stock [Member]	Ferrellgas Partners Finance Corp. [Member] Additional Paid In Capital [Member]	Ferrellgas Partners Finance Corp. [Member] Accumulated Deficit [Member]	Ferrellgas Partners Finance Corp. [Member]	Ferrellgas, L.P. [Member] Common Unitholders [Member]	Ferrellgas, L.P. [Member] General Partner [Member]	Ferrellgas, L.P. [Member] Accumulated Other Comprehensive Income	Ferrellgas, L.P. [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 [Member]	Accumulated Other Comprehensive Income	Total Ferrellgas Partners, L.P. Partners' Capital [Member]	Non-Controlling Interest [Member]	Total
Shares at Jul. 31, 2009													68,236,800	689,300
Value at Jul. 31, 2009					$ 418,532,000	$ 4,272,000	$ (1,194,000)	$ 421,610,000					$ 206,255,000	$ (57,988,000)	$ (1,194,000)	$ 147,073,000	$ 4,272,000	$ 151,345,000
Shares at Jul. 31, 2009	1,000								1,000
Value at Jul. 31, 2009	$ 1,000	$ 5,594	$ (5,594)	$ 1,000					$ 1,000	$ 6,757	$ (6,657)	$ 1,100
Capital contribution		537		537						20,462		20,462
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges					16,980,000	173,000		17,153,000					16,810,000	170,000		16,980,000	173,000	17,153,000
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 acquisitions - shares													155,100	1,500
Common units issued in connection with acquisitions - 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
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	311,000
Comprehensive income (loss):
Net earnings (loss)			(568)	(568)	61,731,000	630,000		62,361,000			(20,462)	(20,462)	$ 32,382,000	$ 327,000		32,709,000	630,000	33,339,000
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives							12,063,000								11,941,000		122,000	12,063,000
Reclassification of derivatives to earnings							(11,231,000)								(11,118,000)		(113,000)	(11,231,000)
Foreign currency translation adjustment							2,000								2,000		0	2,000
Pension liability adjustment							(46,000)								(46,000)		0	(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
Shares at Jul. 31, 2010													69,521,800	702,200
Value at Jul. 31, 2010					359,782,000	3,671,000	(406,000)	363,047,000					$ 141,281,000	$ (58,644,000)	$ (415,000)	82,222,000	3,680,000	85,902,000
Shares at Jul. 31, 2010	1,000								1,000
Value at Jul. 31, 2010	$ 1,000	6,131	(6,162)	969					$ 1,000	27,219	(27,119)	1,100
Capital contribution		2,789		2,789						8,163		8,163
Contributions in connection with non-cash ESOP and stock and unit-based compensation charges					23,406,000	239,000		23,645,000					23,171,000	235,000		23,406,000	239,000	23,645,000
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 acquisitions - value					2,940,000	30,000		2,970,000
Common units issued in offering, net of issuance costs - shares																		5,100,000
Cash contributed by Ferrellgas Partners and general partner					157,680,000	1,611,000		159,291,000
Comprehensive income (loss):
Net earnings (loss)			(2,789)	(2,789)	(10,950,000)	(112,000)		(11,062,000)			(8,163)	(8,163)						$ (43,760,000)
Cumulative effect of change in accounting principle					1,242,000	13,000		1,255,000
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives							22,676,000											22,676,000
Reclassification of derivatives to earnings							(17,358,000)											(17,358,000)
Foreign currency translation adjustment							2,000											2,000
Pension liability adjustment							(220,000)											(220,000)
Other comprehensive income (loss)								5,100,000
Comprehensive income (loss)								(4,707,000)
Value at Jul. 31, 2011					$ 261,323,000	$ 2,669,000	$ 4,694,000	268,686,000										88,317,000
Shares at Jul. 31, 2011	1,000								1,000
Value at Jul. 31, 2011	$ 1,000	8,920	(8,951)	969					$ 1,000	35,382	(35,282)	1,100
Capital contribution		1,999		1,999						3,489		3,489
Comprehensive income (loss):
Net earnings (loss)			(1,999)	(1,999)				5,589,000			(3,489)	(3,489)						(10,896,000)
Other comprehensive income (loss):
Net earnings (loss) on risk management derivatives																		(25,068,000)
Reclassification of derivatives to earnings																		7,108,000
Foreign currency translation adjustment																		(52,000)
Pension liability adjustment																		38,000
Value at Jul. 31, 2012								$ 153,140,000										$ (27,526,000)
Shares at Jul. 31, 2012	1,000								1,000
Value at Jul. 31, 2012	$ 1,000	$ 10,919	$ (10,950)	$ 969					$ 1,000	$ 38,871	$ (38,771)	$ 1,100

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements Of Cash Flows - USD ($)	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Cash flows from operating activities:
Net earnings (loss)	$ (10,896,000)	$ (43,760,000)	$ 33,339,000
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization expense	83,841,000	82,486,000	82,491,000
Non-cash employee stock ownership plan compensation charge	9,440,000	10,157,000	9,322,000
Non-cash stock and unit-based compensation charge	8,843,000	13,488,000	7,831,000
Loss on disposal of assets	6,035,000	3,633,000	7,296,000
Loss on transfer of accounts receivable related to the accounts receivable securitization			6,566,000
Loss on extinguishment of debt		27,463,000
Provision for doubtful accounts	4,822,000	6,212,000	8,440,000
Deferred tax expense	913,000	751,000	439,000
Other	2,327,000	4,362,000	2,196,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	30,497,000	(28,732,000)	2,529,000
Inventories	8,541,000	30,772,000	(37,103,000)
Prepaid expenses and other current assets	(8,507,000)	(4,325,000)	(676,000)
Accounts payable	(19,143,000)	18,613,000	(263,000)
Accrued interest expense	166,000	(633,000)	693,000
Other current liabilities	7,969,000	(3,365,000)	(14,000)
Other liabilities	(445,000)	439,000	1,544,000
Accounts receivable securitization:
Proceeds from new accounts receivable securitizations			124,000,000
Proceeds from collections reinvested in revolving period accounts receivable securitizations			1,334,144,000
Remittances of amounts collected as servicer of accounts receivable securitizations			(1,448,144,000)
Net cash provided by (used in) operating activities	124,403,000	117,561,000	134,630,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(10,387,000)	(7,298,000)	(40,883,000)
Capital expenditures	(49,303,000)	(49,759,000)	(45,185,000)
Proceeds from sale of assets	5,742,000	5,994,000	9,220,000
Other	0	0	(4,480,000)
Net cash used in investing activities	(53,948,000)	(51,063,000)	(81,328,000)
Cash flows from financing activities:
Distributions	(156,520,000)	(145,002,000)	(139,763,000)
Proceeds from increase in long-term debt	49,697,000	564,807,000	936,861,000
Payments on long-term debt	(52,885,000)	(650,285,000)	(844,955,000)
Net additions to (reductions in) short-term borrowings	30,803,000	(2,276,000)	1,044,000
Net additions to collateralized short-term borrowings	13,000,000	14,000,000
Cash paid for financing costs	(3,607,000)	(9,886,000)	(22,073,000)
Noncontrolling interest activity	(1,239,000)	(1,172,000)	(1,435,000)
Proceeds from exercise of common unit options	891,000	544,000	1,189,000
Proceeds from equity offering, net of issuance costs	49,938,000	157,212,000	19,949,000
Contributions from partners in connection with common unit issuances	511,000	1,594,000	214,000
Net cash provided by (used in) financing activities	(69,411,000)	(70,464,000)	(48,969,000)
Effect of exchange rate changes on cash	(52,000)	2,000	2,000
Change in cash	992,000	(3,964,000)	4,335,000
Cash and cash equivalents - beginning of year	7,437,000	11,401,000	7,066,000
Cash and cash equivalents - end of year	8,429,000	7,437,000	11,401,000
Ferrellgas Partners Finance Corp. [Member]
Cash flows from operating activities:
Net earnings (loss)	(1,999)	(2,789)	(568)
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Deferred tax expense	0	0	0
Accounts receivable securitization:
Net cash provided by (used in) operating activities	(1,999)	(2,789)	(568)
Cash flows from financing activities:
Capital contribution	1,999	2,789	537
Net cash provided by (used in) financing activities	1,999	2,789	537
Change in cash			(31)
Cash - beginning of year	969	969	1,000
Cash - end of year	969	969	969
Ferrellgas, L.P. [Member]
Cash flows from operating activities:
Net earnings (loss)	5,589,000	(11,062,000)	62,361,000
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization expense	83,841,000	82,486,000	82,491,000
Non-cash employee stock ownership plan compensation charge	9,440,000	10,157,000	9,322,000
Non-cash stock and unit-based compensation charge	8,843,000	13,488,000	7,831,000
Loss on disposal of assets	6,035,000	3,633,000	7,296,000
Loss on transfer of accounts receivable related to the accounts receivable securitization			6,566,000
Loss on extinguishment of debt		25,403,000
Provision for doubtful accounts	4,822,000	6,212,000	8,440,000
Deferred tax expense	913,000	751,000	439,000
Other	1,902,000	3,755,000	1,417,000
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts and notes receivable, net of securitization	30,497,000	(28,732,000)	2,529,000
Inventories	8,541,000	30,772,000	(37,103,000)
Prepaid expenses and other current assets	(8,485,000)	(4,317,000)	(831,000)
Accounts payable	(19,143,000)	18,613,000	(263,000)
Accrued interest expense	165,000	449,000	601,000
Other current liabilities	7,988,000	(3,268,000)	(139,000)
Other liabilities	(445,000)	439,000	1,544,000
Accounts receivable securitization:
Proceeds from new accounts receivable securitizations			124,000,000
Proceeds from collections reinvested in revolving period accounts receivable securitizations			1,334,144,000
Remittances of amounts collected as servicer of accounts receivable securitizations			(1,448,144,000)
Net cash provided by (used in) operating activities	140,503,000	148,779,000	162,501,000
Cash flows from investing activities:
Business acquisitions, net of cash acquired	(10,400,000)	(7,327,000)	(40,914,000)
Capital expenditures	(49,303,000)	(49,759,000)	(45,185,000)
Proceeds from sale of assets	5,742,000	5,994,000	9,220,000
Other	0	0	(4,480,000)
Net cash used in investing activities	(53,961,000)	(51,092,000)	(81,359,000)
Cash flows from financing activities:
Distributions	(173,975,000)	(275,560,000)	(193,780,000)
Capital contribution	51,218,000	159,291,000	51,823,000
Proceeds from increase in long-term debt	49,697,000	564,807,000	656,861,000
Payments on long-term debt	(52,885,000)	(552,285,000)	(576,955,000)
Net additions to (reductions in) short-term borrowings	30,803,000	(2,276,000)	1,044,000
Net additions to collateralized short-term borrowings	13,000,000	14,000,000
Cash paid for financing costs	(3,472,000)	(9,713,000)	(15,798,000)
Net cash provided by (used in) financing activities	(85,614,000)	(101,736,000)	(76,805,000)
Effect of exchange rate changes on cash	(52,000)	2,000	2,000
Change in cash	876,000	(4,047,000)	4,339,000
Cash and cash equivalents - beginning of year	7,342,000	11,389,000	7,050,000
Cash and cash equivalents - end of year	8,218,000	7,342,000	11,389,000
Ferrellgas Finance Corp. [Member]
Cash flows from operating activities:
Net earnings (loss)	(3,489)	(8,163)	(20,462)
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Deferred tax expense	0	0	0
Accounts receivable securitization:
Net cash provided by (used in) operating activities	(3,489)	(8,163)	(20,462)
Cash flows from financing activities:
Capital contribution	3,489	8,163	20,462
Net cash provided by (used in) financing activities	3,489	8,163	20,462
Change in cash	0	0	0
Cash - beginning of year	1,100	1,100	1,100
Cash - end of year	$ 1,100	$ 1,100	$ 1,100

Consolidated Statements Of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Consolidated Statements Of Cash Flows [Abstract]
Issuance costs	$ 62	$ 300	$ 18

Partnership Organization And Formation	12 Months Ended
Partnership Organization And Formation	Jul. 31, 2012
Partnership Organization And Formation	A. Partnership organization and formation Ferrellgas Partners, L.P. (“Ferrellgas Partners”) was formed on April 19, 1994, and is a publicly traded limited partnership, 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, 2012, Ferrell Companies beneficially owns 21.7 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]
Partnership Organization And Formation	A. Formation Ferrellgas Partners Finance Corp. (the “Finance Corp.”), a Delaware corporation, was formed on March 28, 1996 and is a wholly-owned subsidiary of Ferrellgas Partners, L.P. (the “Partnership”). The 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. [Member]
Partnership Organization And Formation	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. 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. 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]
Partnership Organization And Formation	A. Formation Ferrellgas Finance Corp. (the “Finance Corp.”), a Delaware corporation, was formed on January 16, 2003 and is a wholly-owned subsidiary of Ferrellgas, L.P. (the “Partnership”). The 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, 2012

Summary Of Significant Accounting Policies

B. Summary of significant accounting policies

(1) Nature of operations: Ferrellgas Partners is a holding entity that conducts no operations and has two subsidiaries, Ferrellgas Partners Finance Corp. and the operating partnership. The operating partnership is the only operating subsidiary of Ferrellgas Partners.

The operating partnership is engaged primarily in the distribution of propane and related equipment and supplies in the United States. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. 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 value of reporting units, 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 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,
	2012		2011		2010
CASH PAID FOR:
Interest	$	88,696	$	94,553	$	90,305
Income taxes	$	764	$	591	$	1,550
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	$	1,300	$	2,940	$	3,061
Liabilities incurred in connection with acquisitions	$	2,321	$	2,290	$	5,494
Property, plant and equipment additions	$	233	$	807	$	593

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

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

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

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

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

(6) 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.

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

(8) 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.

(9) 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. Based on the guidance in Accounting Standards Codification (“ASC”) 280 – “Segment Reporting” and ASC 350 – “Intangibles – Goodwill and other,” Ferrellgas has determined that it has three reporting units for goodwill impairment testing purposes. Two of these reporting units contain goodwill that is subject to at least an annual assessment for impairment by applying a fair-value-based test. Under this test, the carrying value of each reporting unit is determined by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units as of the date of the evaluation on a specific identification basis. To the extent a reporting unit’s carrying value exceeds its fair value, 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 its carrying amount. Ferrellgas has completed the impairment test for each of its reporting units and believes that estimated fair values exceed the carrying values of its reporting units as of January 31, 2012.

(10) 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.

(11) Derivative instruments and hedging activities:

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

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

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. All of Ferrellgas’s derivative instruments are reported on the consolidated balance sheet at fair value.

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

On the date that derivative contracts are entered into, other than those designated as normal purchases or normal sales, Ferrellgas makes a determination as to whether the derivative instrument qualifies for designation as a hedge. These financial instruments are formally designated 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. Since the fair value of these derivatives fluctuates over their contractual lives, their fair value amounts should not be viewed in isolation, but rather in relation to the anticipated cash flows of the underlying hedged transaction and the overall reduction in Ferrellgas’ risk relating to adverse fluctuations in propane prices. Ferrellgas formally assesses, both at inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the anticipated cash flows of the related underlying exposures. Any ineffective portion of a financial instrument’s change in fair value is recognized in “Cost of product sold - propane and other gas liquids sales” in the consolidated statements of earnings. 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.

Interest Rate Risk. Ferrellgas’ overall objective for entering into interest rate derivative contracts, including swaps, is to manage its exposure to interest rate risk associated with its fixed rate senior notes and its floating rate borrowings from both the secured credit facility and the accounts receivable securitization facility. Fluctuations in interest rates subject Ferrellgas to interest rate risk. Decreases in interest rates increase the fair value of Ferrellgas’ fixed rate debt, while increases in interest rates subject Ferrellgas to the risk of increased interest expense related to its variable rate borrowings.

Ferrellgas enters into fair value hedges to help reduce its fixed interest rate risk. Interest rate swaps are used to hedge the exposure to changes in the fair value of fixed rate debt due to changes in interest rates. Fixed rate debt that has been designated as being hedged is recorded at fair value while the fair value of interest rate derivatives that are considered fair value hedges are classified as “Prepaid expenses and other current assets”, “Other assets, net”, Other current liabilities” or as “Other liabilities” on the consolidated balance sheet. Changes in the fair value of fixed rate debt and any related fair value hedges are recognized as they occur in “Interest expense” on the consolidated statement of earnings.

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

(12) Revenue recognition: Revenues from the distribution of propane and other gas liquids are recognized by Ferrellgas with payments generally due 30 days after receipt. We offer “even pay” billing programs that can create customer deposits or advances. We recognize revenue from these deposits or advance customers at the time product is delivered. Other revenues, which include revenue from the sale of propane appliances and equipment is recognized at the time of delivery or installation. Ferrellgas recognizes shipping and handling revenues and expenses for sales of propane, appliances and equipment at the time of delivery or installation. Shipping and handling revenues are included in the price of propane charged to customers, and are classified as revenue. Revenues from annually billed, non-refundable tank rentals are recognized in “Revenues: other” on a straight-line basis over one year.

(13) 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.

(14) 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.

(15) 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.

(16) 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.

(17) 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 one or five-year periods, 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, 2012, 2011 and 2010, the portion of the total non-cash compensation charge relating to the UOP was $8 thousand, $13 thousand and $23 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, 2012, 2011 and 2010, the portion of the total non-cash compensation charge relating to the ICP was $8.8 million, $13.5 million and $7.8 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.

(18) 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,
	2012		2011		2010
Current expense	$	215	$	490	$	1,477
Deferred expense		913		751		439
Income tax expense	$	1,128	$	1,241	$	1,916

Deferred taxes consisted of the following:



	2012		2011
Deferred tax assets	$	1,158	$	992
Deferred tax liabilities		(4,241)		(3,194)
Net deferred tax liability	$	(3,083)	$	(2,202)

(19) 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.

(20) 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 O – Net earnings (loss) per common unitholders’ interest – for further discussion about these calculations.

(21) 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.

(22) New accounting standards:

FASB Accounting Standard Update No. 2010-28

In December 2010, the Financial Accounting Standards Board (“FASB”) issued FASB Accounting Standard Update No. 2010-28 (ASU 2010-28), which modifies Step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. For those reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that a goodwill impairment exists. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Ferrellgas’ adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-4

In May 2011, the FASB issued ASU 2011-04, “Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRS.” The amendments result in common fair value measurement and disclosure requirements in GAAP and International Financial Reporting Standards (“IFRS”). The new guidance applies to all reporting entities that are required or permitted to measure or disclose the fair value of an asset, liability or an instrument classified in shareholders’ equity. Among other things, the new guidance requires quantitative information about unobservable inputs, valuation processes and sensitivity analysis associated with fair value measurements categorized within Level 3 of the fair value hierarchy. The new guidance is effective for interim periods beginning after December 31, 2011 and is required to be applied prospectively. Ferrellgas’ adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update Nos. 2011-05 and 2011-12

In June 2011, the FASB issued 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. In December 2011, the FASB issued ASU 2011-12, which indefinitely defers certain provisions of ASU 2011-05. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Ferrellgas has elected to early adopt ASU 2011-05 in fiscal 2012, which did not have a significant impact on its financial position, results of operations or cash flows. Due to the adoption of this guidance in fiscal 2012, Ferrellgas has added a new financial statement “Consolidated Statements of Comprehensive Income.”

FASB Accounting Standard Update No. 2011-08

In September 2011, the FASB issued ASU 2011-08, which amends the existing guidance on goodwill impairment testing. Under the new guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting unit. If an entity determines, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal 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.

FASB ASC 860 & 810 - Transfers of financial assets and variable interest entities (“VIE”)

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. [Member]

Summary Of Significant Accounting Policies

B. Summary of significant accounting policies

(1) Nature of operations: Ferrellgas, L.P. is engaged primarily in the distribution of propane and related equipment and supplies in the United States. The propane distribution market is seasonal because propane is used primarily for heating in residential and commercial buildings. 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 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,
	2012		2011		2010
CASH PAID FOR:
Interest	$	72,999	$	72,211	$	66,223
Income taxes	$	756	$	575	$	1,524
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with acquisitions	$	1,300	$	2,940	$	3,061
Liabilities incurred in connection with acquisitions	$	2,321	$	2,290	$	5,494
Property, plant and equipment additions	$	233	$	807	$	593

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

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

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

(6) 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.

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

(8) 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.

(9) 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. Based on the guidance in Accounting Standards Codification (“ASC”) 280 – “Segment Reporting” and ASC 350 – “Intangibles – Goodwill and other,” Ferrellgas, L.P. has determined that it has three reporting units for goodwill impairment testing purposes. Two of these reporting units contain goodwill that is subject to at least an annual assessment for impairment by applying a fair-value-based test. Under this test, the carrying value of each reporting unit is determined by assigning the assets and liabilities, including the existing goodwill and intangible assets, to those reporting units as of the date of the evaluation on a specific identification basis. To the extent a reporting unit’s carrying value exceeds its fair value, 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 its carrying amount. Ferrellgas, L.P. has completed the impairment test for each of its reporting units and believes that estimated fair values exceed the carrying values of its reporting units as of January 31, 2012.

(10) 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.

(11) Derivatives instruments and hedging activities:

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

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

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. All of Ferrellgas L.P.’s derivative instruments are reported on the consolidated balance sheet at fair value.

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

On the date that derivative contracts are entered into, other than those designated as normal purchases or normal sales, Ferrellgas L.P. makes a determination as to whether the derivative instrument qualifies for designation as a hedge. These financial instruments are formally designated 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. Since the fair value of these derivatives fluctuates over their contractual lives, their fair value amounts should not be viewed in isolation, but rather in relation to the anticipated cash flows of the underlying hedged transaction and the overall reduction in Ferrellgas, L.P.’s risk relating to adverse fluctuations in propane prices. Ferrellgas, L.P. formally assesses, both at inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the anticipated cash flows of the related underlying exposures. Any ineffective portion of a financial instrument’s change in fair value is recognized in “Cost of product sold - propane and other gas liquids sales” in the consolidated statements of earnings. 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.

Interest Rate Risk. Ferrellgas L.P.’s overall objective for entering into interest rate derivative contracts, including swaps, is to manage its exposure to interest rate risk associated with its fixed rate senior notes and its floating rate borrowings from both the secured credit facility and the accounts receivable securitization facility. Fluctuations in interest rates subject Ferrellgas L.P. to interest rate risk. Decreases in interest rates increase the fair value of Ferrellgas L.P.’s fixed rate debt, while increases in interest rates subject Ferrellgas L.P. to the risk of increased interest expense related to its variable rate borrowings.

Ferrellgas L.P. enters into fair value hedges to help reduce its fixed interest rate risk. Interest rate swaps are used to hedge the exposure to changes in the fair value of fixed rate debt due to changes in interest rates. Fixed rate debt that has been designated as being hedged is recorded at fair value while the fair value of interest rate derivatives that are considered fair value hedges are classified as “Prepaid expenses and other current assets”, “Other assets, net”, “Other current liabilities” or “Other liabilities” on the consolidated balance sheet. Changes in the fair value of fixed rate debt and any related fair value hedges are recognized as they occur in “Interest expense” on the consolidated statement of earnings.

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

(12) Revenue recognition: Revenues from the distribution of propane and other gas liquids are recognized by Ferrellgas with payments generally due 30 days after receipt. We offer “even pay” billing programs that can create customer deposits or advances. We recognize revenue from these deposits or advance customers at the time product is delivered. Other revenues, which include revenue from the sale of propane appliances and equipment is recognized at the time of delivery or installation. Ferrellgas, L.P. recognizes shipping and handling revenues and expenses for sales of propane, appliances and equipment at the time of delivery or installation. Shipping and handling revenues are included in the price of propane charged to customers, and are classified as revenue. Revenues from annually billed, non-refundable tank rentals are recognized in “Revenues: other” on a straight-line basis over one year.

(13) 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.

(14) 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.

(17) 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 one or five-year periods, 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, 2012, 2011 and 2010, the portion of the total non-cash compensation charge relating to the UOP was $8 thousand, $13 thousand and $23 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, 2012, 2011 and 2010, the portion of the total non-cash compensation charge relating to the ICP was $8.8 million, $13.5 million and $7.8 million, respectively.

(18) 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,
		2012		2011		2010
Current expense	$	207	$	474	$	1,451
Deferred expense		913		751		439
Income tax expense	$	1,120	$	1,225	$	1,890

Deferred taxes consisted of the following:



	2012		2011
Deferred tax assets	$	1,158	$	992
Deferred tax liabilities		(4,241)		(3,194)
Net deferred tax liability	$	(3,083)	$	(2,202)

(19) 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.

(20) 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.

(21) New accounting standards:

FASB Accounting Standard Update No. 2010-28

In December 2010, the Financial Accounting Standards Board (“FASB”) issued FASB Accounting Standard Update No. 2010-28 (ASU 2010-28), which modifies Step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. For those reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that a goodwill impairment exists. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Ferrellgas, L.P.’s adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-4

In May 2011, the FASB issued ASU 2011-04, “Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRS.” The amendments result in common fair value measurement and disclosure requirements in GAAP and International Financial Reporting Standards (“IFRS”). The new guidance applies to all reporting entities that are required or permitted to measure or disclose the fair value of an asset, liability or an instrument classified in shareholders’ equity. Among other things, the new guidance requires quantitative information about unobservable inputs, valuation processes and sensitivity analysis associated with fair value measurements categorized within Level 3 of the fair value hierarchy. The new guidance is effective for interim periods beginning after December 31, 2011 and is required to be applied prospectively. Ferrellgas, L.P.’s adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update Nos. 2011-05 and 2011-12

In June 2011, the FASB issued 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. In December 2011, the FASB issued ASU 2011-12, which indefinitely defers certain provisions of ASU 2011-05. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Ferrellgas, L.P. has elected to early adopt ASU 2011-05 in fiscal 2012, which did not have a significant impact on its financial position, results of operations or cash flows. Due to the adoption of this guidance in fiscal 2012, Ferrellgas has added a new financial statement “Consolidated Statements of Comprehensive Income.”

FASB Accounting Standard Update No. 2011-08

In September 2011, the FASB issued ASU 2011-08, which amends the existing guidance on goodwill impairment testing. Under the new guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting unit. If an entity determines, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal 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.

FASB ASC 860 & ASC 810 - Transfers of financial assets and variable interest entities (“VIE”)

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.”

Business Combinations

12 Months Ended

Jul. 31, 2012

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 2012, Ferrellgas acquired propane distribution assets with an aggregate value of $14.0 million in the following transactions:

·	Economy Propane, based in California, acquired September 2011;

·	Federal Petroleum Company, based in Texas, acquired October 2011;

·	Polar Gas Company, based in Wisconsin, acquired November 2011;

·	Welch Propane, based in Texas, acquired November 2011; and

·	Rio Grande Valley Gas, based in Texas, acquired January 2012.

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

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.

These acquisitions were funded as follows (in thousands):



	For the year ended July 31,
	2012		2011		2010
Cash payments	$	10,387	$	7,298	$	36,497
Issuance of liabilities and other costs and considerations		2,347		2,348		5,556
Common units, net of issuance costs		1,300		2,940		3,061
Aggregate fair value of transactions	$	14,034	$	12,586	$	45,114

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



		For the year ended July 31,
	2012		2011		2010
Customer tanks, buildings, land and other	$	7,454	$	7,746	$	14,707
Non-compete agreements		1,006		1,684		3,271
Goodwill		-		5		-
Customer lists		5,574		3,151		27,136
Aggregate fair value of transactions	$	14,034	$	12,586	$	45,114

The estimated fair values and useful lives of assets acquired during fiscal 2012 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. The estimated fair values and useful lives of assets acquired during fiscal 2011 and 2010 are based on an internal valuation and included only minor adjustments during the 12 month period after the date of acquisition.

Ferrellgas, L.P. [Member]

Business Combinations

C. Business combinations

During fiscal 2012, Ferrellgas, L.P. acquired propane distribution assets with an aggregate value of $14.0 million in the following transactions:

·	Economy Propane, based in California, acquired September 2011;

·	Federal Petroleum Company, based in Texas, acquired October 2011;

·	Polar Gas Company, based in Wisconsin, acquired November 2011;

·	Welch Propane, based in Texas, acquired November 2011; and

·	Rio Grande Valley Gas, based in Texas, acquired January 2012.

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

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.

These acquisitions were funded as follows (in thousands):



	For the year ended July 31,
	2012		2011		2010
Cash payments	$	10,400	$	7,298	$	36,497
Issuance of liabilities and other costs and considerations		2,334		2,348		5,556
Contribution of net assets from Ferrellgas Partners		1,300		2,940		3,061
Aggregate fair value of transactions	$	14,034	$	12,586	$	45,114

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



		For the year ended July 31,
	2012		2011		2010
Customer tanks, buildings, land and other	$	7,454	$	7,746	$	14,707
Non-compete agreements		1,006		1,684		3,271
Goodwill		-		5		-
Customer lists		5,574		3,151		27,136
Aggregate fair value of transactions	$	14,034	$	12,586	$	45,114

The estimated fair values and useful lives of assets acquired during fiscal 2012 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. The estimated fair values and useful lives of assets acquired during fiscal 2011 and 2010 are based on an internal valuation and included only minor adjustments during the 12 month period after the date of acquisition.

- Definition

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).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1490-128463

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
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-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e7008-128479

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1486-128463

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479

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-Name Accounting Standards Codification
-Topic 805
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-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

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-Name Accounting Standards Codification
-Topic 805
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-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1500-128463

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-Topic 805
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-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1524-128463

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e7000-128479

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-Name Accounting Standards Codification
-Topic 805
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-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4922-128472

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1383-128463

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-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 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph F4
-Subparagraph e
-Appendix F

Reference 18: 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.

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 67-73
-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 Distributions Of Available Cash	12 Months Ended
Quarterly Distributions Of Available Cash	Jul. 31, 2012
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. [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, 2012

Supplemental Financial Statement Information

E. Supplemental financial statement information

Inventories consist of the following:



	2012		2011
Propane gas and related products	$	110,517	$	113,826
Appliances, parts and supplies		17,081		22,313
Inventories	$	127,598	$	136,139

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 36 months. As of July 31, 2012, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 104.8 million gallons of propane at fixed prices.

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



	Estimated useful lives	2012		2011
Land	Indefinite	$	31,229	$	30,920
Land improvements	2-20		11,418		11,200
Buildings and improvements	20		67,027		66,043
Vehicles, including transport trailers	8-20		102,374		104,188
Bulk equipment and district facilities	5-30		109,050		105,485
Tanks, cylinders and customer equipment	2-30		782,293		778,599
Computer and office equipment	2-5		116,916		116,281
Construction in progress	n/a		3,421		3,154
			1,223,728		1,215,870
Less: accumulated depreciation			597,177		573,665
Property, plant and equipment, net		$	626,551	$	642,205

Depreciation expense totaled $60.0 million, $58.7 million and $61.3 million for fiscal 2012, 2011 and 2010, respectively.

Other current liabilities consist of the following:



	2012		2011
Accrued interest	$	19,945	$	19,779
Accrued litigation and insurance		9,061		16,565
Accrued payroll		16,495		12,974
Customer deposits and advances		28,842		19,784
Other		48,324		35,711
Other current liabilities	$	122,667	$	104,813

Loss on disposal of assets and other consists of the following:



	For the year ended July 31,
	2012		2011		2010
Loss on disposal of assets	$	6,035	$	3,633	$	7,296
Loss on transfer of accounts receivable related to the accounts receivable securitization		-		-		6,566
Service income related to the accounts receivable securitization		-		-		(5,377)
Loss on disposal of assets and other	$	6,035	$	3,633	$	8,485

See Note B – Summary of significant accounting policies - (22) New accounting standards – ASC 860 & 810 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,
	2012		2011		2010
Operating expense	$	177,903	$	183,899	$	183,612
Depreciation and amortization expense		6,545		6,063		5,601
Equipment lease expense		12,841		12,823		14,192
	$	197,289	$	202,785	$	203,405

Ferrellgas, L.P. [Member]

Supplemental Financial Statement Information

E. Supplemental financial statement information

Inventories consist of the following:



	2012		2011
Propane gas and related products	$	110,517	$	113,826
Appliances, parts and supplies		17,081		22,313
Inventories	$	127,598	$	136,139

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 36 months. As of July 31, 2012, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 104.8 million gallons of propane at fixed prices.

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



	Estimated useful lives	2012		2011
Land	Indefinite	$	31,229	$	30,920
Land improvements	2-20		11,418		11,200
Buildings and improvements	20		67,027		66,043
Vehicles, including transport trailers	8-20		102,374		104,188
Bulk equipment and district facilities	5-30		109,050		105,485
Tanks, cylinders and customer equipment	2-30		782,293		778,599
Computer and office equipment	2-5		116,916		116,281
Construction in progress	n/a		3,421		3,154
			1,223,728		1,215,870
Less: accumulated depreciation			597,177		573,665
Property, plant and equipment, net		$	626,551	$	642,205

Depreciation expense totaled $60.0 million, $58.7 million and $61.3 million for fiscal 2012, 2011 and 2010, respectively.

Other current liabilities consist of the following:



	2012		2011
Accrued interest	$	17,938	$	17,773
Accrued litigation and insurance		9,061		16,565
Accrued payroll		16,495		12,974
Customer deposits and advances		28,842		19,784
Other		48,048		35,578
Other current liabilities	$	120,384	$	102,674

oss on disposal of assets and other consists of the following:



	For the year ended July 31,
	2012		2011		2010
Loss on disposal of assets	$	6,035	$	3,633	$	7,296
Loss on transfer of accounts receivable related to the accounts receivable securitization		-		-		6,566
Service income related to the accounts receivable securitization		-		-		(5,377)
Loss on disposal of assets and other	$	6,035	$	3,633	$	8,485

See Note B – Summary of significant accounting policies - (20) New accounting standards – ASC 860 & 810 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,
	2012		2011		2010
Operating expense	$	177,903	$	183,899	$	183,612
Depreciation and amortization expense		6,545		6,063		5,601
Equipment lease expense		12,841		12,823		14,192
	$	197,289	$	202,785	$	203,405

Accounts And Notes Receivable, Net And Accounts Receivable Securitization

12 Months Ended

Jul. 31, 2012

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:



		2012		2011
Accounts receivable pledged as collateral	$	121,812	$	112,509
Accounts receivable		5,788		51,104
Other		216		229
Less: Allowance for doubtful accounts		(3,812)		(4,310)
Accounts and notes receivable, net	$	124,004	$	159,532

During January 2012, the operating partnership executed a new accounts receivable securitization facility with Wells Fargo Bank, N.A., Fifth Third Bank and SunTrust Bank. This new accounts receivable securitization facility has up to $225.0 million of capacity, matures on January 19, 2017 and replaces the operating partnership’s previous 364-day facility which was to expire on April 4, 2013. As part of this new facility, the operating partnership, through Ferrellgas Receivables, securitizes a portion of its trade accounts receivable through a commercial paper conduit for proceeds of up to $225.0 million during the months of January, February, March and December, $175.0 million during the months of April and May and $145.0 million for all other months, depending on the availability of undivided interests in its accounts receivable from certain customers. Borrowings on the new accounts receivable securitization facility bear interest at rates ranging from 1.45% to 1.20% lower than the previous facility. At July 31, 2012, $121.8 million of trade accounts receivable were pledged as collateral against $74.0 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, 2012, the operating partnership had received cash proceeds of $74.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds. 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. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 2.6% and 3.6% as of July 31, 2012 and 2011, respectively.

Ferrellgas, L.P. [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:



		2012		2011
Accounts receivable pledged as collateral	$	121,812	$	112,509
Accounts receivable		5,788		51,104
Other		216		229
Less: Allowance for doubtful accounts		(3,812)		(4,310)
Accounts and notes receivable, net	$	124,004	$	159,532

During January 2012, Ferrellgas, L.P. executed a new accounts receivable securitization facility with Wells Fargo Bank, N.A., Fifth Third Bank and SunTrust Bank. This new accounts receivable securitization facility has up to $225.0 million of capacity, matures on January 19, 2017 and replaces Ferrellgas, L.P.’s previous 364-day facility which was to expire on April 4, 2013. As part of this new facility, Ferrellgas, L.P., through Ferrellgas Receivables, securitizes a portion of its trade accounts receivable through a commercial paper conduit for proceeds of up to $225.0 million during the months of January, February, March and December, $175.0 million during the months of April and May and $145.0 million for all other months, depending on the availability of undivided interests in its accounts receivable from certain customers. Borrowings on the new accounts receivable securitization facility bear interest at rates ranging from 1.45% to 1.20% lower than the previous facility. At July 31, 2012, $121.8 million of trade accounts receivable were pledged as collateral against $74.0 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, 2012, Ferrellgas, L.P. had received cash proceeds of $74.0 million from trade accounts receivables securitized, with no remaining capacity to receive additional proceeds. 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. Borrowings under the accounts receivable securitization facility had a weighted average interest rate of 2.6% and 3.6% as of July 31, 2012 and 2011, respectively.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: 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=7512638&loc=d3e5162-111524

Reference 4: 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))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524

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

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 9

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

+ Details

Goodwill And Intangible Assets, Net

12 Months Ended

Jul. 31, 2012

Goodwill And Intangible Assets, Net

G. Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of:



	July 31, 2012						July 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Goodwill, net	$	248,944	$	-	$	248,944	$	248,944	$	-	$	248,944

Intangible assets, net
Amortized intangible assets
Customer lists	$	404,409	$	(282,848)	$	121,561	$	398,835	$	(263,631)	$	135,204
Non-compete agreements		47,030		(39,153)		7,877		46,024		(37,189)		8,835
Other		3,507		(2,892)		615		3,507		(2,540)		967
		454,946		(324,893)		130,053		448,366		(303,360)		145,006

Unamortized intangible assets
Trade names & trademarks		59,065		-		59,065		59,130		-		59,130
Total intangible assets, net	$	514,011	$	(324,893)	$	189,118	$	507,496	$	(303,360)	$	204,136

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 related to intangible assets, net:
For the year ended July 31,
2012	$	21,604
2011		23,766
2010		21,180



Estimated amortization expense:
For the year ended July 31,
2013	$	21,130
2014		17,862
2015		15,035
2016		14,864
2017		14,288

Ferrellgas, L.P. [Member]

Goodwill And Intangible Assets, Net

. Goodwill and intangible assets, net

Goodwill and intangible assets, net consist of:



	July 31, 2012						July 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Goodwill, net	$	248,944	$	-	$	248,944	$	248,944	$	-	$	248,944

Intangible assets, net
Amortized intangible assets
Customer lists	$	404,409	$	(282,848)	$	121,561	$	398,835	$	(263,631)	$	135,204
Non-compete agreements		47,030		(39,153)		7,877		46,024		(37,189)		8,835
Other		3,507		(2,892)		615		3,507		(2,540)		967
		454,946		(324,893)		130,053		448,366		(303,360)		145,006

Unamortized intangible assets
Trade names & trademarks		59,065		-		59,065		59,130		-		59,130
Total intangible assets, net	$	514,011	$	(324,893)	$	189,118	$	507,496	$	(303,360)	$	204,136

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 related to intangible assets, net:
For the year ended July 31,
2012	$	21,604
2011		23,766
2010		21,180



Estimated amortization expense:
For the year ended July 31,
2013	$	21,130
2014		17,862
2015		15,035
2016		14,864
2017		14,288

- Definition

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, 2012

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, 2012 and 2011, $95.7 million and $64.9 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:



	2012		2011
Senior notes
Fixed rate, 6.50%, due 2021 (1)	$	500,000	$	500,000
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,036 and $3,472 at July 31, 2012 and 2011, respectively (2)		296,964		296,528
Fixed rate, 8.625%, due 2020 (3)		182,000		182,000
Fair value adjustments related to interest rate swaps		7,784		-

Secured credit facility
Variable interest rate, expiring September 2016 (net of $95.7 million and $64.9 million classified as short-term borrowings at July 31, 2012 and 2011, respectively)		64,270		64,573

Notes payable
9.1% and 9.2% weighted average interest rate at July 31, 2012 and 2011, respectively, due 2012 to 2020, net of unamortized discount of $2,727 and $2,805 at July 31, 2012 and 2011, respectively		10,588		10,376
		1,061,606		1,053,477
Less: current portion, included in other current liabilities on the consolidated balance sheets		2,521		2,557
Long-term debt	$	1,059,085	$	1,050,920


(1)	On November 24, 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. 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. 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.
(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. During March 2011, Ferrellgas Partners redeemed $98.0 million of these fixed rate senior notes, 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.

Secured credit facility

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, extended the maturity date to September 2016 and changed the applicable margins for base rate and Eurodollar loans. 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 amended secured credit facility bear interest at rates ranging from 1.25% to 1.50% lower than the previous secured credit facility.

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, 2012, Ferrellgas had total borrowings outstanding under its secured credit facility of $160.0 million, of which $64.3 million was classified as long-term debt. 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.

Borrowings outstanding at July 31, 2012 and 2011 under the secured credit facility had a weighted average interest rate of 4.2% and 6.5%, 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 1.00% to 2.00% (as of July 31, 2012 and 2011, the margin was 2.00% and 3.00%, respectively); or

·	for Eurodollar Rate Loans, the Eurodollar Rate, which is defined as the LIBOR Rate plus a margin varying from 2.00% to 3.00% (as of July 31, 2012 and 2011, the margin was 3.00% and 4.00%, respectively).

As of July 31, 2012, the federal funds rate and Bank of America’s prime rate were 0.13% and 3.25%, 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, 2012, the one-month and three-month Eurodollar Rates were 0.31% and 0.43%, respectively. As of July 31, 2011, the one-month and three-month Eurodollar Rates were 0.22% and 0.34%, 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, 2012 totaled $64.5 million and were used primarily to secure insurance arrangements and to a lesser extent, commodity hedges and product purchases. 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. At July 31, 2012, Ferrellgas had available letter of credit remaining capacity of $135.5 million. At July 31, 2011, Ferrellgas had available letter of credit remaining capacity of $152.5 million. Ferrellgas incurred commitment fees of $0.9 million, $1.1 million and $0.9 million in fiscal 2012, 2011 and 2010, respectively.

Interest rate swaps

In May 2012, the operating partnership entered into a $140.0 million interest rate swap agreement to hedge against changes in fair value on a portion of its $300.0 million 9.125% fixed rate senior notes due 2017. Beginning in May 2012, the operating partnership will receive 9.125% and will pay one-month LIBOR plus 7.96%, on the $140.0 million swapped. In May 2012, the operating partnership also entered into a $140.0 million interest rate swap agreement to hedge against changes in fair value on a portion of its $500.0 million 6.5% fixed rate senior notes due 2021. Beginning in May 2012, the operating partnership will receive 6.5% and will pay a one-month LIBOR plus 4.715%, on the $140.0 million swapped. The operating partnership has accounted for these agreements as fair value hedges.

In May 2012, the operating partnership entered into a forward interest rate swap agreement to hedge against variability in forecasted interest payments on the operating partnership’s secured credit facility and collateralized note payable borrowings under the accounts receivable securitization facility. From August 2015 through July 2017, the operating partnership will pay 1.95% and receive variable payments based on one-month LIBOR for the notional amount of $175.0 million. From August 2017 through July 2018, the operating partnership will pay 1.95% and receive variable payments based on one-month LIBOR for the notional amount of $100.0 million. The operating partnership has accounted for this agreement as a cash flow hedge.

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, 2012, 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
2013	$	2,521
2014		2,456
2015		2,385
2016		2,319
2017		65,071
Thereafter		984,833
Total	$	1,059,585

Ferrellgas, L.P. [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, 2012 and 2011, $95.7 million and $64.9 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:



	2012		2011
Senior notes
Fixed rate, 6.50%, due 2021 (1)	$	500,000	$	500,000
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,036 and $3,472 at July 31, 2012 and 2011, respectively (2)		296,964		296,528
Fair value adjustments related to interest rate swaps		7,784		-

Secured credit facility
Variable interest rate, expiring September 2016 (net of $95.7 million and $64.9 million classified as short-term borrowings at July 31, 2012 and 2011, respectively)		64,270		64,573

Notes payable
9.1% and 9.2% weighted average interest rate at July 31, 2012 and 2011, respectively, due 2012 to 2020, net of unamortized discount of $2,727 and $2,805 at July 31, 2012 and 2011, respectively		10,588		10,376
		879,606		871,477
Less: current portion, included in other current liabilities on the consolidated balance sheets		2,521		2,557
Long-term debt	$	877,085	$	868,920

(1) On November 24, 2010, the 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. 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. 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.

(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.

Secured credit facility

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, extended the maturity date to September 2016 and changed the applicable margins for base rate and Eurodollar loans. 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 amended secured credit facility bear interest at rates ranging from 1.25% to 1.50% lower than the previous secured credit facility.

As of July 31, 2012, Ferrellgas, L.P. had total borrowings outstanding under its secured credit facility of $160.0 million, of which $64.3 million was classified as long-term debt. 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.

·	for Eurodollar Rate Loans, the Eurodollar Rate, which is defined as the LIBOR Rate plus a margin varying from 2.00% to 3.00% (as of July 31, 2012 and 2011, the margin was 3.00% and 4.00%, respectively).

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, 2012 totaled $64.5 million and were used primarily to secure insurance arrangements and to a lesser extent, commodity hedges and product purchases. 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. At July 31, 2012, Ferrellgas, L.P. had available letter of credit remaining capacity of $135.5 million. At July 31, 2011, Ferrellgas, L.P. had available letter of credit remaining capacity of $152.5 million. Ferrellgas, L.P. incurred commitment fees of $0.9 million, $1.1 million and $0.9 million in fiscal 2012, 2011 and 2010, respectively.

Interest rate swaps

In May 2012, Ferrellgas, L.P. entered into a $140.0 million interest rate swap agreement to hedge against changes in fair value on a portion of its $300.0 million 9.125% fixed rate senior notes due 2017. Beginning in May 2012, Ferrellgas, L.P. will receive 9.125% and will pay one-month LIBOR plus 7.96%, on the $140.0 million swapped. In May 2012, Ferrellgas, L.P. also entered into a $140.0 million interest rate swap agreement to hedge against changes in fair value on a portion of its $500.0 million 6.5% fixed rate senior notes due 2021. Beginning in May 2012, Ferrellgas, L.P. will receive 6.5% and will pay a one-month LIBOR plus 4.715%, on the $140.0 million swapped. Ferrellgas, L.P. has accounted for these agreements as fair value hedges.

In May 2012, Ferrellgas, L.P. entered into a forward interest rate swap agreement to hedge against variability in forecasted interest payments on Ferrellgas, L.P.’s secured credit facility and collateralized note payable borrowings under the accounts receivable securitization facility. From August 2015 through July 2017, Ferrellgas, L.P. will pay 1.95% and receive variable payments based on one-month LIBOR for the notional amount of $175.0 million. From August 2017 through July 2018, Ferrellgas, L.P. will pay 1.95% and receive variable payments based on one-month LIBOR for the notional amount of $100.0 million. Ferrellgas, L.P. has accounted for this agreement as a cash flow hedge.

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, 2012, 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
2013	$	2,521
2014		2,456
2015		2,385
2016		2,319
2017		65,071
Thereafter		802,833
Total	$	877,585

- Definition

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

+ References + Details

Partners' Capital

12 Months Ended

Jul. 31, 2012

Partners' Capital

I. Partners' capital

As of July 31, 2012 and 2011, limited partner units were beneficially owned by the following:



	2012	2011
Public common unitholders (1)	52,931,590	51,285,212
Ferrell Companies (2)	21,469,664	20,080,776
FCI Trading Corp. (3)	195,686	195,686
Ferrell Propane, Inc. (4)	51,204	51,204
James E. Ferrell (5)	4,358,475	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 27.2% direct owner of Ferrellgas Partner’s common units and thus a related party. Ferrell Companies also beneficially owns 195,686 and 51,204 common units of Ferrellgas Partners held by FCI Trading Corp. (“FCI Trading”) and Ferrell Propane, Inc. (“Ferrell Propane”), respectively, bringing Ferrell Companies’ total beneficial ownership to 27.5%.

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

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

(5)	James E. Ferrell (“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,
	2012		2011		2010
Public common unitholders	$	104,192	$	94,188	$	89,001
Ferrell Companies		41,550		40,160		40,160
FCI Trading		392		392		392
Ferrell Propane		104		104		104
Mr. Ferrell		8,717		8,708		8,708
General partner		1,565		1,450		1,398
	$	156,520	$	145,002	$	139,763

On August 23, 2012, Ferrellgas Partners declared a cash distribution of $0.50 per common unit for the three months ended July 31, 2012, which was paid on September 14, 2012. Included in this cash distribution were the following amounts paid to related parties:



Ferrell Companies	$	10,735
FCI Trading		98
Ferrell Propane		26
Mr. Ferrell		2,179
General partner		399

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

Common unit issuances

During fiscal 2012, Ferrellgas Partners, in a non-brokered registered direct offering, issued to Ferrell Companies 1.4 million common units. Net proceeds of approximately $25.0 million were used to reduce outstanding indebtedness under the operating partnership’s secured credit facility.

During fiscal 2012, Ferrellgas Partners entered into an agreement with an institutional investor relating to a non-brokered registered direct offering of 1.5 million common units. Net proceeds of approximately $25.0 million were used to reduce outstanding indebtedness under the operating partnership’s secured credit facility.

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 2012, Ferrellgas issued 0.1 million common units valued at $1.3 million in connection with acquisitions of propane distribution assets.

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

Accumulated Other Comprehensive Loss (“AOCL”)

See Note K – Derivative instruments and hedging activities – for details regarding changes in fair value on risk management financial derivatives recorded within AOCL for the years ended July 31, 2012 and 2011.

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 2012, the general partner made cash contributions of $1.1 million and non-cash contributions of $0.4 million to Ferrellgas to maintain its effective 2% general partner interest.

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.

Ferrellgas, L.P. [Member]

Partners' Capital

I. Partners’ capital

Partnership distributions paid

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



	For the year ended July 31,
	2012		2011		2010
Ferrellgas Partners	$	172,218	$	272,777	$	191,822
General partner		1,757		2,783		1,958

On August 23, 2012, Ferrellgas, L.P. declared distributions for the three months ended July 31, 2012 to Ferrellgas Partners and the general partner of $39.9 million and $0.4 million, respectively, which were paid on September 14, 2012.

Partnership contributions

During fiscal 2012, Ferrellgas, L.P. received cash contributions of $50.7 million from Ferrellgas Partners. The proceeds were used to reduce outstanding indebtedness under Ferrellgas, L.P.’s secured credit facility.

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 2012 and 2011, Ferrellgas, L.P. received asset contributions of $1.3 million and $2.9 million, respectively, from Ferrellgas Partners in connection with acquisitions of propane distribution assets.

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

Accumulated other comprehensive loss (“AOCL”)

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 2012, 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.

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.

- Definition

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

Fair Value Measurements

12 Months Ended

Jul. 31, 2012

Fair Value Measurements

J. Fair value measurements

Derivative Financial Instruments

The following table presents Ferrellgas’ financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of July 31, 2012 and 2011:



	Asset (Liability)
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
July 31, 2012:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	-	$	7,784	$	-	$	7,784
Commodity derivatives propane swaps		-		1,049		-		1,049
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	-	$	(1,778)	$	-	$	(1,778)
Commodity derivatives propane swaps		-		(12,069)		-		(12,069)

July 31, 2011:
Assets:
Derivative financial instruments:
Commodity derivatives propane swaps	$	-	$	7,637	$	-	$	7,637
Liabilities:
Derivative financial instruments:
Commodity derivatives propane swaps	$	-	$	(2,476)	$	-	$	(2,476)

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

Other Financial Instruments

The carrying amounts of other financial instruments included in current assets and current liabilities (except for current maturities of long-term debt) approximate their fair values because of their short-term nature. At July 31, 2012 and July 31, 2011, the estimated fair value of Ferrellgas’ long-term debt instruments was $1,173.4 million and $1,134.2 million, respectively. Ferrellgas estimates the fair value of long-term debt based on quoted market prices.

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

Ferrellgas, L.P. [Member]

Fair Value Measurements

J. Fair value measurements

Derivative Financial Instruments

The following table presents Ferrellgas L.P.’s financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of July 31, 2012 and 2011:



		Asset (Liability)
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
July 31, 2012:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	-	$	7,784	$	-	$	7,784
Commodity derivatives propane swaps		-		1,049		-		1,049
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	-	$	(1,778)	$	-	$	(1,778)
Commodity derivatives propane swaps		-		(12,069)		-		(12,069)

July 31, 2011:
Assets:
Derivative financial instruments:
Commodity derivatives propane swaps	$	-	$	7,637	$	-	$	7,637
Liabilities:
Derivative financial instruments:
Commodity derivatives propane swaps	$	-	$	(2,476)	$	-	$	(2,476)

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

Other Financial Instruments

The carrying amounts of other financial instruments included in current assets and current liabilities (except for current maturities of long-term debt) approximate their fair values because of their short-term nature. At July 31, 2012 and July 31, 2011, the estimated fair value of Ferrellgas L.P.’s long-term debt instruments was $991.6 million and $941.3 million, respectively. Ferrellgas estimates the fair value of long-term debt based on quoted market prices.

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

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
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-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 107
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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 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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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 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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+ Details

Derivative Instruments and Hedging Activities

12 Months Ended

Jul. 31, 2012

Derivative Instruments and Hedging Activities

K. Derivative instruments and hedging activities

Ferrellgas is exposed to certain market risks related to its ongoing business operations. These risks include exposure to changing commodity prices as well as fluctuations in interest rates. Ferrellgas utilizes derivative instruments to manage its exposure to fluctuations in commodity prices. Ferrellgas also periodically utilizes derivative instruments to manage its exposure to fluctuations in interest rates, which is discussed in Note H - Debt. Additional information related to derivatives is provided in Note B – Summary of significant accounting policies.

Derivative instruments and hedging activity

During the years ended July 31, 2012 and 2011, Ferrellgas did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of financial derivative contract gains or losses from the assessment of hedge effectiveness related to commodity cash flow hedges.

The following tables provide a summary of fair value derivatives that were designated as hedging instruments in Ferrellgas’ consolidated balance sheets as of July 31, 2012 and 2011:



	July 31, 2012
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	1,049	Other current liabilities	$	12,069
Interest rate swap agreements, current portion	Prepaid expenses and other current assets		3,346	Other current liabilities		-
Interest rate swap agreements, noncurrent portion	Other assets, net		4,438	Other liabilities		1,778
	Total	$	8,833	Total	$	13,847


	July 31, 2011
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	7,637	Other current liabilities	$	2,476
	Total	$	7,637	Total	$	2,476

The following table provides a summary of the effect on Ferrellgas’ consolidated statements of comprehensive income for the years ended July 31, 2012 and 2011 of derivatives accounted for under ASC 815-25, Derivatives and Hedging – Fair Value Hedges, that were designated as hedging instruments:



		Amount of Gain Recognized on Derivative				Amount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)
Derivative Instrument	Location of Gain Recognized on Derivative	For the year ended July 31,				For the year ended July 31,
		2012		2011		2012		2011
Interest rate swap agreements	Interest expense	$	757	$	-	$	(21,875)	$	(21,875)

The following tables provide a summary of the effect on Ferrellgas’ consolidated statements of comprehensive income for the years ended July 31, 2012 and 2011 of the effective portion of derivatives accounted for under ASC 815-30, Derivatives and Hedging – Cash Flow Hedges that were designated as hedging instruments:



	For the year ended July 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(23,290)	Cost of product sold- propane and other gas liquids sales	$	7,108
Interest rate swap agreements		(1,778)	Interest expense		-
	$	(25,068)		$	7,108



	For the year ended July 31, 2011
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	22,676	Cost of product sold- propane and other gas liquids sales	$	(17,358)
	$	22,676		$	(17,358)

The changes in derivative gains (losses) included in accumulated other comprehensive loss (“AOCL”) for the years ended July 31, 2012, 2011 and 2010 were as follows:


	For the year ended July 31,
Derivative gains (losses) included in AOCL	2012		2011		2010
Beginning balance	$	5,161	$	(157)	$	(989)
Net earnings (loss) on risk management commodity derivatives		(23,290)		22,676		12,063
Reclassification of commodity hedges to cost of product sold - propane and other gas liquids sales		7,108		(17,358)		(11,231)
Net loss on risk management interest rate derivatives		(1,778)		-		-
Ending balance	$	(12,799)	$	5,161	$	(157)

Ferrellgas expects to reclassify net losses of approximately $9.6 million to earnings during the next 12 months. These net losses 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, 2012 and 2011, 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, 2012, Ferrellgas had financial derivative contracts covering 1.4 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

Derivative Financial Instruments Credit Risk

Ferrellgas is exposed to credit loss in the event of nonperformance by counterparties to derivative financial and commodity instruments. Ferrellgas’ counterparties principally consist of major energy companies and major U.S. financial institutions. Ferrellgas maintains credit policies with regard to its counterparties that it believes reduces its overall credit risk. These policies include evaluating and monitoring its counterparties’ financial condition, including their credit ratings, and entering into agreements with counterparties that govern credit limits. Certain of these agreements call for the posting of collateral by the counterparty or by Ferrellgas in the forms of letters of credit, parental guarantees or cash. Although Ferrellgas has concentrations of credit risk associated with derivative financial instruments held by certain derivative financial instrument counterparties, the maximum amount of loss due to credit risk that, based upon the gross fair values of the derivative financial instruments, Ferrellgas would incur if these counterparties that make up the concentration failed to perform according to the terms of their contracts was $0.8 million at July 31, 2012.

Ferrellgas holds certain derivative contracts that have credit-risk-related contingent features which dictate credit limits based upon the Partnership’s debt rating. As of July 31, 2012, a downgrade in the Partnership’s debt rating would not trigger any further reduction in credit limit. The aggregate fair value of all derivatives with credit-risk-related contingent features that are in a liability position on July 31, 2012 is $4.7 million for which Ferrellgas has posted collateral of $4.3 million in the normal course of business. The credit-risk-related contingent features underlying these agreements will not result in any additional collateral requirements as of July 31, 2012.

Ferrellgas, L.P. [Member]

Derivative Instruments and Hedging Activities

K. Derivative instruments and hedging activities

Ferrellgas, L.P. is exposed to certain market risks related to its ongoing business operations. These risks include exposure to changing commodity prices as well as fluctuations in interest rates. Ferrellgas, L.P. utilizes derivative instruments to manage its exposure to fluctuations in commodity prices. Ferrellgas, L.P. also periodically utilizes derivative instruments to manage its exposure to fluctuations in interest rates, which is discussed in Note H - Debt. Additional information related to derivatives is provided in Note B – Summary of significant accounting policies.

Derivative instruments and hedging activity

During the years ended July 31, 2012 and 2011, Ferrellgas, L.P. did not recognize any gain or loss in earnings related to hedge ineffectiveness and did not exclude any component of financial derivative contract gains or losses from the assessment of hedge effectiveness related to cash flow hedges.

The following tables provide a summary of the fair value derivatives that were designated as hedging instruments in Ferrellgas, L.P.’s consolidated balance sheets as of July 31, 2012 and 2011:



	July 31, 2012
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	1,049	Other current liabilities	$	12,069
Interest rate swap agreements, current portion	Prepaid expenses and other current assets		3,346	Other current liabilities		-
Interest rate swap agreements, noncurrent portion	Other assets, net		4,438	Other liabilities		1,778
	Total	$	8,833	Total	$	13,847


	July 31, 2011
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	7,637	Other current liabilities	$	2,476
	Total	$	7,637	Total	$	2,476

The following table provides a summary of the effect on Ferrellgas L.P.’s consolidated statements of comprehensive income for the years ended July 31, 2012 and 2011 of derivatives accounted for under ASC 815-25, Derivatives and Hedging – Fair Value Hedges, that were designated as hedging instruments:



		Amount of Gain Recognized on Derivative				Amount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)
Derivative Instrument	Location of Gain Recognized on Derivative	For the year ended July 31,				For the year ended July 31,
		2012		2011		2012		2011
Interest rate swap agreements	Interest expense	$	757	$	-	$	(21,875)	$	(21,875)



	For the year ended July 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(23,290)	Cost of product sold- propane and other gas liquids sales	$	7,108
Interest rate swap agreements		(1,778)	Interest expense		-
	$	(25,068)		$	7,108



	For the year ended July 31, 2011
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	22,676	Cost of product sold- propane and other gas liquids sales	$	(17,358)
	$	22,676		$	(17,358)

The changes in derivative gains (losses) included in accumulated other comprehensive loss (“AOCL”) for the years ended July 31, 2012, 2011 and 2010 were as follows:



	For the year ended July 31,
Derivative gains (losses) included in AOCL	2012		2011		2010
Beginning balance	$	5,161	$	(157)	$	(989)
Net earnings (loss) on risk management commodity derivatives		(23,290)		22,676		12,063
Reclassification of commodity hedges to cost of product sold - propane and other gas liquids sales		7,108		(17,358)		(11,231)
Net loss on risk management interest rate derivatives		(1,778)		-		-
Ending balance	$	(12,799)	$	5,161	$	(157)

Ferrellgas, L.P. expects to reclassify net losses of approximately $9.6 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, 2012 and 2011, 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, 2012, Ferrellgas, L.P. had financial derivative contracts covering 1.4 million barrels of propane that were entered into as cash flow hedges of forward and forecasted purchases of propane.

Derivative Financial Instruments Credit Risk

Ferrellgas L.P. holds certain derivative contracts that have credit-risk-related contingent features which dictate credit limits based upon the Partnership’s debt rating. As of July 31, 2012, a downgrade in the Partnership’s debt rating would not trigger any further reduction in credit limit. The aggregate fair value of all derivatives with credit-risk-related contingent features that are in a liability position on July 31, 2012 is $4.7 million for which Ferrellgas L.P. has posted collateral of $4.3 million in the normal course of business. The credit-risk-related contingent features underlying these agreements will not result in any additional collateral requirements as of July 31, 2012.

- Definition

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.

+ References

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+ Details

Transactions With Related Parties

12 Months Ended

Jul. 31, 2012

Transactions With Related Parties

L. Transactions with related parties

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



	For the year ended July 31,
	2012		2011		2010
Operating expense	$	198,576	$	206,276	$	224,974

General and administrative expense	$	26,213	$	26,777	$	24,620

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

Ferrellgas, L.P. [Member]

Transactions With Related Parties

L. Transactions with related parties

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



	For the year ended July 31,
	2012		2011		2010
Operating expense	$	198,576	$	206,276	$	224,974

General and administrative expense	$	26,213	$	26,777	$	24,620

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

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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

Contingencies And Commitments

12 Months Ended

Jul. 31, 2012

Contingencies And Commitments

M. 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. A settlement agreement has received approval by the Court. Ferrellgas believes these claims will not have a material impact on the consolidated financial condition, results of operations and cash flows of Ferrellgas beyond the $10.0 million paid during March 2012 for these claims.

Ferrellgas has received notice that the Offices of the District Attorneys of several counties in California and the Federal Trade Commission are investigating cylinder labeling and filling practices and any anti-trust issues relating to the amount of propane contained in propane tanks. They issued administrative subpoenas seeking documents and information relating to those practices and Ferrellgas has responded. Ferrellgas believes that its cylinders were correctly filled and labeled and will defend any claims that may result from this investigation. Ferrellgas does not believe any loss is probable or reasonably estimable at this time related to these investigations.

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. The court has stayed discovery on this matter pending Ferrellgas’ motion to compel arbitration, and the case has not been certified for class treatment. The court has permitted limited discovery into an individual claim and the case has not been certified for class treatment. Ferrellgas does not believe loss is probable or reasonably estimable at this time related to this class action lawsuit.

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 five 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, 2012. 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 $3.7 million as of July 31, 2012. 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, 2012:



	Future minimum rental and buyout amounts by fiscal year
	2013		2014		2015		2016		2017		Thereafter
Operating lease obligations	$	23,236	$	17,423	$	14,003	$	11,572	$	8,869	$	8,925

Operating lease buyouts	$	1,428	$	1,876	$	795	$	1,017	$	1,221	$	5,631

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 $31.7 million, $33.3 million and $33.7 million for fiscal 2012, 2011 and 2010, respectively.

Ferrellgas Partners Finance Corp. [Member]

Contingencies And Commitments

B. Contingencies and commitments

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, 2012, the Partnership is in compliance with all requirements, tests, limitations and covenants related to this debt agreement.

Ferrellgas, L.P. [Member]

Contingencies And Commitments

M. 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. A settlement agreement has received approval by the Court. Ferrellgas, L.P. believes these claims will not have a material impact on the consolidated financial condition, results of operations and cash flows of Ferrellgas, L.P. beyond the $10.0 million paid during March 2012 for these claims.

Ferrellgas, L.P. has received notice that the Offices of the District Attorneys of several counties in California and the Federal Trade Commission are investigating cylinder labeling and filling practices and any anti-trust issues relating to the amount of propane contained in propane tanks. They issued administrative subpoenas seeking documents and information relating to those practices and Ferrellgas, L.P. has responded. Ferrellgas, L.P. believes that its cylinders were correctly filled and labeled and will defend any claims that may result from this investigation. Ferrellgas, L.P. does not believe any loss is probable or reasonably estimable at this time related to these investigations.

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. The court has stayed discovery on this matter pending Ferrellgas, L.P.’s motion to compel arbitration, and the case has not been certified for class treatment. The court has permitted limited discovery into an individual claim and the case has not been certified for class treatment. Ferrellgas, L.P. does not believe loss is probable or reasonably estimable at this time related to this class action lawsuit.

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 five 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, 2012. 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 $3.7 million as of July 31, 2012. 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, 2012:



	Future minimum rental and buyout amounts by fiscal year
	2013		2014		2015		2016		2017		Thereafter
Operating lease obligations	$	23,236	$	17,423	$	14,003	$	11,572	$	8,869	$	8,925

Operating lease buyouts	$	1,428	$	1,876	$	795	$	1,017	$	1,221	$	5,631

Ferrellgas Finance Corp. [Member]

Contingencies And Commitments

B. Contingencies and commitments

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, 2012, the Partnership is in compliance with all requirements, tests, limitations and covenants related to these debt agreements.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-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 7: 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.

+ Details

Employee Benefits	12 Months Ended
Employee Benefits	Jul. 31, 2012
Employee Benefits	N. 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 $9.4 million, $10.2 million and $9.3 million during fiscal 2012, 2011 and 2010, 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 contribution features. The plan covers substantially all full time employees. The plan, which qualifies under section 401(k) of the Internal Revenue Code, also provides for matching contributions under a cash or deferred arrangement based upon participant salaries and employee contributions to the plan. Matching contributions for fiscal 2012, 2011 and 2010 were $2.9 million, $3.1 million and $3.2 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 2012, 2011 and 2010, other comprehensive income and other liabilities were adjusted by $38 thousand, $0.2 million and $46 thousand, respectively.
Ferrellgas, L.P. [Member]
Employee Benefits	N. 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 $9.4 million, 10.2 million and $9.3 million during fiscal 2012, 2011 and 2010, 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 contribution features. The plan covers substantially all full time employees. The plan, which qualifies under section 401(k) of the Internal Revenue Code, also provides for matching contributions under a cash or deferred arrangement based upon participant salaries and employee contributions to the plan. Matching contributions for fiscal 2012, 2011 and 2010 were $2.9 million, 3.1 million and $3.2 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 2012, 2011 and 2010, other comprehensive income and other liabilities were adjusted by $38 thousand, 0.2 million and $46 thousand, respectively.

Net Earnings (Loss) Per Common Unitholders' Interest

12 Months Ended

Jul. 31, 2012

Net Earnings (Loss) Per Common Unitholders' Interest [Abstract]

Net Earnings (Loss) Per Common Unitholders' Interest

O. 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 2012, 2011 and 2010.

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. Units that could potentially dilute basic net earnings per common unitholders’ interest in the future that were not included in the computation of diluted net earnings per common unitholders’ interest, because it would have been antidilutive for the years ended July 31, 2012 and 2011 were 0.1 million and 0.1 million, respectively.



	For the year ended July 31,
	2012		2011		2010
Common unitholders’ interest in net earnings (loss)	$	(10,842)	$	(43,212)	$	32,382

Weighted average common units outstanding (in thousands)		77,572.4		72,313.6		69,241.7

Dilutive securities		-		-		131.8

Weighted average common units outstanding plus dilutive securities		77,572.4		72,313.6		69,373.5

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.14)	$	(0.60)	$	0.47

Quarterly Data

12 Months Ended

Jul. 31, 2012

Quarterly Data

P. 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 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, 2012	First quarter				Second quarter		Third quarter		Fourth quarter
Revenues	$		538,426		$	829,272	$	629,619	$	341,775
Gross margin from propane and other gas liquids sales (a)			111,097			178,967		155,123		113,872
Net earnings (loss)			(32,895)			36,787		21,062		(35,850)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.			(32,604)			36,374		20,807		(35,529)
Common unitholders’ interest in net earnings (loss)			(32,278)			36,010		20,599		(35,173)

Basic and diluted net earnings (loss) per common unitholders’ interest	$		(0.42)		$	0.47	$	0.26	$	(0.45)



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)

(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 $10.6 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 M – 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.

Ferrellgas, L.P. [Member]

Quarterly Data

O. Quarterly data (unaudited)



For the year ended July 31, 2012	First quarter				Second quarter		Third quarter		Fourth quarter
Revenues	$		538,426		$	829,272	$	629,619	$	341,775
Gross margin from propane and other gas liquids sales (a)			111,097			178,967		155,123		113,872
Net earnings (loss)	$		(28,802)		$	40,884	$	25,253	$	(31,746)



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)

(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 M – Contingencies and commitments - for a discussion of the litigation accrual and related legal fees.

- Definition

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
Subsequent Events	Jul. 31, 2012
Subsequent Events	Q. Subsequent events Ferrellgas has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas’ consolidated financial statements were issued, and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements.
Ferrellgas Partners Finance Corp. [Member]
Subsequent Events	D. Subsequent events The Finance Corp. has evaluated events and transactions occurring after the balance sheet date through the date the Finance Corp.’s consolidated financial statements were issued, and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements.
Ferrellgas, L.P. [Member]
Subsequent Events	P. Subsequent events Ferrellgas, L.P. has evaluated events and transactions occurring after the balance sheet date through the date Ferrellgas, L.P.’s consolidated financial statements were issued, and concluded that there were no events or transactions occurring during this period that required recognition or disclosure in its financial statements.
Ferrellgas Finance Corp. [Member]
Subsequent Events	D. 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.

Income Taxes	12 Months Ended
Income Taxes	Jul. 31, 2012
Ferrellgas Partners Finance Corp. [Member]
Income Taxes	C. 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 $4,270 associated with the net operating loss carryforward of $10,977, which expire at various dates through July 31, 2032, 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 2012, 2011 or 2010, and there is no net deferred tax asset as of July 31, 2012 and 2011.
Ferrellgas Finance Corp. [Member]
Income Taxes	C. 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 $15,101 associated with the net operating loss carryforward of $38,821, which expires at various dates through July 31, 2032, 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 2012, 2011 and 2010, and there is no net deferred tax asset as of July 31, 2012 and 2011.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-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 SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-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 II Valuation And Qualifying Accounts

12 Months Ended

Jul. 31, 2012

Ferrellgas, L.P. [Member]

Schedule II Valuation And Qualifying Accounts


									Schedule II
FERRELLGAS PARTNERS, L.P. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS
(in thousands)


	Balance at		Charged to					Balance
	beginning		cost and					at end
Description	of period		expenses		Other			of period

Year ended July 31, 2012

Allowance for doubtful accounts	$	4,310	$	4,822	$	(5,320)	(1)	$	3,812

Year ended July 31, 2011

Allowance for doubtful accounts	$	5,010	$	5,174	$	(6,874)	(1)	$	4,310
						1,000	(2)
Year ended July 31, 2010

Allowance for doubtful accounts	$	4,294	$	7,821	$	(7,105)	(1)	$	5,010

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

(2) Allowance for doubtful accounts increased on August 1, 2010 due to a change in generally accepted accounting

principles related to the elimination of the concept of a qualifying special-purpose-entity and the consolidation

of Ferrellgas Receivables, LLC.


									Schedule II
FERRELLGAS, L.P. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS
(in thousands)


	Balance at		Charged to					Balance
	beginning		cost and					at end
Description	of period		expenses		Other			of period

Year ended July 31, 2012

Allowance for doubtful accounts	$	4,310	$	4,822	$	(5,320)	(1)	$	3,812

Year ended July 31, 2011

Allowance for doubtful accounts	$	5,010	$	5,174	$	(6,874)	(1)	$	4,310
						1,000	(2)
Year ended July 31, 2010

Allowance for doubtful accounts	$	4,294	$	7,821	$	(7,105)	(1)	$	5,010

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

(2) Allowance for doubtful accounts increased on August 1, 2010 due to a change in generally accepted accounting

principles related to the elimination of the concept of a qualifying special-purpose-entity and the consolidation

of Ferrellgas Receivables, LLC.

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Jul. 31, 2012

Nature Of Operations

Accounting Estimates

Principles Of Consolidation

Supplemental Cash Flow Information



	For the year ended July 31,
	2012		2011		2010
CASH PAID FOR:
Interest	$	88,696	$	94,553	$	90,305
Income taxes	$	764	$	591	$	1,550
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	$	1,300	$	2,940	$	3,061
Liabilities incurred in connection with acquisitions	$	2,321	$	2,290	$	5,494
Property, plant and equipment additions	$	233	$	807	$	593

Fair value measurements

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

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

Accounts Receivable Securitization

Inventories

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

Property, Plant And Equipment

Goodwill

Intangible Assets

Derivatives And Hedging Activities

(11) Derivative instruments and hedging activities:

Revenue Recognition

Shipping And Handling Expenses

Cost Of Product Sold

Operating Expenses

General And Administrative Expenses

Stock-Based And Unit Option Plans

(17) Stock-based and unit option plans:

Ferrellgas Unit Option Plan (“UOP”)

Ferrell Companies, Inc. Incentive Compensation Plan (“ICP”)

Income Taxes

Income tax expense consisted of the following:



	For the year ended July 31,
	2012		2011		2010
Current expense	$	215	$	490	$	1,477
Deferred expense		913		751		439
Income tax expense	$	1,128	$	1,241	$	1,916

Deferred taxes consisted of the following:



	2012		2011
Deferred tax assets	$	1,158	$	992
Deferred tax liabilities		(4,241)		(3,194)
Net deferred tax liability	$	(3,083)	$	(2,202)

Sales Taxes

(19) 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.

Net Earnings (Loss) Per Common Unitholders' Interest

Segment Information

(21) 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.

New Accounting Standards

(22) New accounting standards:

FASB Accounting Standard Update No. 2010-28

FASB Accounting Standard Update No. 2011-4

FASB Accounting Standard Update Nos. 2011-05 and 2011-12

FASB Accounting Standard Update No. 2011-08

FASB ASC 860 & 810 - Transfers of financial assets and variable interest entities (“VIE”)

Ferrellgas, L.P. [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 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,
	2012		2011		2010
CASH PAID FOR:
Interest	$	72,999	$	72,211	$	66,223
Income taxes	$	756	$	575	$	1,524
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with acquisitions	$	1,300	$	2,940	$	3,061
Liabilities incurred in connection with acquisitions	$	2,321	$	2,290	$	5,494
Property, plant and equipment additions	$	233	$	807	$	593

Fair value measurements

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

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

Accounts Receivable Securitization

Inventories

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

Property, Plant And Equipment

(8) 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

(10) 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.

Derivatives And Hedging Activities

(11) Derivatives instruments and hedging activities:

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

Revenue Recognition

(12) Revenue recognition: Revenues from the distribution of propane and other gas liquids are recognized by Ferrellgas with payments generally due 30 days after receipt. We offer “even pay” billing programs that can create customer deposits or advances. We recognize revenue from these deposits or advance customers at the time product is delivered. Other revenues, which include revenue from the sale of propane appliances and equipment is recognized at the time of delivery or installation. Ferrellgas, L.P. recognizes shipping and handling revenues and expenses for sales of propane, appliances and equipment at the time of delivery or installation. Shipping and handling revenues are included in the price of propane charged to customers, and are classified as revenue. Revenues from annually billed, non-refundable tank rentals are recognized in “Revenues: other” on a straight-line basis over one year.

Shipping And Handling Expenses

(13) 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

(14) 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

General And Administrative Expenses

Stock-Based And Unit Option Plans

(17) 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 one or five-year periods, 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, 2012, 2011 and 2010, the portion of the total non-cash compensation charge relating to the UOP was $8 thousand, $13 thousand and $23 thousand, respectively, and related to grants of unit options to acquire 0.3 million common units.

Ferrell Companies, Inc. Incentive Compensation Plan (“ICP”)

Income Taxes

Income tax expense consisted of the following:



	For the year ended July 31,
		2012		2011		2010
Current expense	$	207	$	474	$	1,451
Deferred expense		913		751		439
Income tax expense	$	1,120	$	1,225	$	1,890

Deferred taxes consisted of the following:



	2012		2011
Deferred tax assets	$	1,158	$	992
Deferred tax liabilities		(4,241)		(3,194)
Net deferred tax liability	$	(3,083)	$	(2,202)

Sales Taxes

(19) 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.

Segment Information

New Accounting Standards

(21) New accounting standards:

FASB Accounting Standard Update No. 2010-28

In December 2010, the Financial Accounting Standards Board (“FASB”) issued FASB Accounting Standard Update No. 2010-28 (ASU 2010-28), which modifies Step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. For those reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that a goodwill impairment exists. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. Ferrellgas, L.P.’s adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update No. 2011-4

In May 2011, the FASB issued ASU 2011-04, “Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRS.” The amendments result in common fair value measurement and disclosure requirements in GAAP and International Financial Reporting Standards (“IFRS”). The new guidance applies to all reporting entities that are required or permitted to measure or disclose the fair value of an asset, liability or an instrument classified in shareholders’ equity. Among other things, the new guidance requires quantitative information about unobservable inputs, valuation processes and sensitivity analysis associated with fair value measurements categorized within Level 3 of the fair value hierarchy. The new guidance is effective for interim periods beginning after December 31, 2011 and is required to be applied prospectively. Ferrellgas, L.P.’s adoption of this guidance in fiscal 2012 did not have a significant impact on its financial position, results of operations or cash flows.

FASB Accounting Standard Update Nos. 2011-05 and 2011-12

In June 2011, the FASB issued 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. In December 2011, the FASB issued ASU 2011-12, which indefinitely defers certain provisions of ASU 2011-05. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Ferrellgas, L.P. has elected to early adopt ASU 2011-05 in fiscal 2012, which did not have a significant impact on its financial position, results of operations or cash flows. Due to the adoption of this guidance in fiscal 2012, Ferrellgas has added a new financial statement “Consolidated Statements of Comprehensive Income.”

FASB Accounting Standard Update No. 2011-08

In September 2011, the FASB issued ASU 2011-08, which amends the existing guidance on goodwill impairment testing. Under the new guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting unit. If an entity determines, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal 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.

FASB ASC 860 & ASC 810 - Transfers of financial assets and variable interest entities (“VIE”)

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, 2012

Significant Cash And Non-Cash Activities



	For the year ended July 31,
	2012		2011		2010
CASH PAID FOR:
Interest	$	88,696	$	94,553	$	90,305
Income taxes	$	764	$	591	$	1,550
NON-CASH INVESTING ACTIVITIES:
Issuance of common units in connection with acquisitions	$	1,300	$	2,940	$	3,061
Liabilities incurred in connection with acquisitions	$	2,321	$	2,290	$	5,494
Property, plant and equipment additions	$	233	$	807	$	593

Summary Of Income Tax Expense



	For the year ended July 31,
	2012		2011		2010
Current expense	$	215	$	490	$	1,477
Deferred expense		913		751		439
Income tax expense	$	1,128	$	1,241	$	1,916

Deferred Tax Assets And Liabilities



	2012		2011
Deferred tax assets	$	1,158	$	992
Deferred tax liabilities		(4,241)		(3,194)
Net deferred tax liability	$	(3,083)	$	(2,202)

Ferrellgas, L.P. [Member]

Significant Cash And Non-Cash Activities



	For the year ended July 31,
	2012		2011		2010
CASH PAID FOR:
Interest	$	72,999	$	72,211	$	66,223
Income taxes	$	756	$	575	$	1,524
NON-CASH INVESTING ACTIVITIES:
Assets contributed from Ferrellgas Partners in connection with acquisitions	$	1,300	$	2,940	$	3,061
Liabilities incurred in connection with acquisitions	$	2,321	$	2,290	$	5,494
Property, plant and equipment additions	$	233	$	807	$	593

Summary Of Income Tax Expense



	For the year ended July 31,
		2012		2011		2010
Current expense	$	207	$	474	$	1,451
Deferred expense		913		751		439
Income tax expense	$	1,120	$	1,225	$	1,890

Deferred Tax Assets And Liabilities



	2012		2011
Deferred tax assets	$	1,158	$	992
Deferred tax liabilities		(4,241)		(3,194)
Net deferred tax liability	$	(3,083)	$	(2,202)

Business Combinations (Tables)

12 Months Ended

Jul. 31, 2012

Schedule Of Funding Of Acquisitions



	For the year ended July 31,
	2012		2011		2010
Cash payments	$	10,387	$	7,298	$	36,497
Issuance of liabilities and other costs and considerations		2,347		2,348		5,556
Common units, net of issuance costs		1,300		2,940		3,061
Aggregate fair value of transactions	$	14,034	$	12,586	$	45,114

Aggregate Fair Value Of Transaction



		For the year ended July 31,
	2012		2011		2010
Customer tanks, buildings, land and other	$	7,454	$	7,746	$	14,707
Non-compete agreements		1,006		1,684		3,271
Goodwill		-		5		-
Customer lists		5,574		3,151		27,136
Aggregate fair value of transactions	$	14,034	$	12,586	$	45,114

Ferrellgas, L.P. [Member]

Schedule Of Funding Of Acquisitions



	For the year ended July 31,
	2012		2011		2010
Cash payments	$	10,400	$	7,298	$	36,497
Issuance of liabilities and other costs and considerations		2,334		2,348		5,556
Contribution of net assets from Ferrellgas Partners		1,300		2,940		3,061
Aggregate fair value of transactions	$	14,034	$	12,586	$	45,114

Aggregate Fair Value Of Transaction



		For the year ended July 31,
	2012		2011		2010
Customer tanks, buildings, land and other	$	7,454	$	7,746	$	14,707
Non-compete agreements		1,006		1,684		3,271
Goodwill		-		5		-
Customer lists		5,574		3,151		27,136
Aggregate fair value of transactions	$	14,034	$	12,586	$	45,114

Supplemental Financial Statement Information (Tables)

12 Months Ended

Jul. 31, 2012

Schedule Of Inventories



	2012		2011
Propane gas and related products	$	110,517	$	113,826
Appliances, parts and supplies		17,081		22,313
Inventories	$	127,598	$	136,139

Property, Plant And Equipment



	Estimated useful lives	2012		2011
Land	Indefinite	$	31,229	$	30,920
Land improvements	2-20		11,418		11,200
Buildings and improvements	20		67,027		66,043
Vehicles, including transport trailers	8-20		102,374		104,188
Bulk equipment and district facilities	5-30		109,050		105,485
Tanks, cylinders and customer equipment	2-30		782,293		778,599
Computer and office equipment	2-5		116,916		116,281
Construction in progress	n/a		3,421		3,154
			1,223,728		1,215,870
Less: accumulated depreciation			597,177		573,665
Property, plant and equipment, net		$	626,551	$	642,205

Other Current Liabilities



	2012		2011
Accrued interest	$	19,945	$	19,779
Accrued litigation and insurance		9,061		16,565
Accrued payroll		16,495		12,974
Customer deposits and advances		28,842		19,784
Other		48,324		35,711
Other current liabilities	$	122,667	$	104,813

Loss On Disposal Of Assets And Other



	For the year ended July 31,
	2012		2011		2010
Loss on disposal of assets	$	6,035	$	3,633	$	7,296
Loss on transfer of accounts receivable related to the accounts receivable securitization		-		-		6,566
Service income related to the accounts receivable securitization		-		-		(5,377)
Loss on disposal of assets and other	$	6,035	$	3,633	$	8,485

Shipping And Handling Expenses



	For the year ended July 31,
	2012		2011		2010
Operating expense	$	177,903	$	183,899	$	183,612
Depreciation and amortization expense		6,545		6,063		5,601
Equipment lease expense		12,841		12,823		14,192
	$	197,289	$	202,785	$	203,405

Ferrellgas, L.P. [Member]

Schedule Of Inventories



	2012		2011
Propane gas and related products	$	110,517	$	113,826
Appliances, parts and supplies		17,081		22,313
Inventories	$	127,598	$	136,139

Property, Plant And Equipment



	Estimated useful lives	2012		2011
Land	Indefinite	$	31,229	$	30,920
Land improvements	2-20		11,418		11,200
Buildings and improvements	20		67,027		66,043
Vehicles, including transport trailers	8-20		102,374		104,188
Bulk equipment and district facilities	5-30		109,050		105,485
Tanks, cylinders and customer equipment	2-30		782,293		778,599
Computer and office equipment	2-5		116,916		116,281
Construction in progress	n/a		3,421		3,154
			1,223,728		1,215,870
Less: accumulated depreciation			597,177		573,665
Property, plant and equipment, net		$	626,551	$	642,205

Other Current Liabilities



	2012		2011
Accrued interest	$	17,938	$	17,773
Accrued litigation and insurance		9,061		16,565
Accrued payroll		16,495		12,974
Customer deposits and advances		28,842		19,784
Other		48,048		35,578
Other current liabilities	$	120,384	$	102,674

Loss On Disposal Of Assets And Other



	For the year ended July 31,
	2012		2011		2010
Loss on disposal of assets	$	6,035	$	3,633	$	7,296
Loss on transfer of accounts receivable related to the accounts receivable securitization		-		-		6,566
Service income related to the accounts receivable securitization		-		-		(5,377)
Loss on disposal of assets and other	$	6,035	$	3,633	$	8,485

Shipping And Handling Expenses



	For the year ended July 31,
	2012		2011		2010
Operating expense	$	177,903	$	183,899	$	183,612
Depreciation and amortization expense		6,545		6,063		5,601
Equipment lease expense		12,841		12,823		14,192
	$	197,289	$	202,785	$	203,405

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

12 Months Ended

Jul. 31, 2012

Accounts And Notes Receivable



		2012		2011
Accounts receivable pledged as collateral	$	121,812	$	112,509
Accounts receivable		5,788		51,104
Other		216		229
Less: Allowance for doubtful accounts		(3,812)		(4,310)
Accounts and notes receivable, net	$	124,004	$	159,532

Ferrellgas, L.P. [Member]

Accounts And Notes Receivable



		2012		2011
Accounts receivable pledged as collateral	$	121,812	$	112,509
Accounts receivable		5,788		51,104
Other		216		229
Less: Allowance for doubtful accounts		(3,812)		(4,310)
Accounts and notes receivable, net	$	124,004	$	159,532

Goodwill And Intangible Assets, Net (Tables)

12 Months Ended

Jul. 31, 2012

Goodwill And Intangible Assets, Net



	July 31, 2012						July 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Goodwill, net	$	248,944	$	-	$	248,944	$	248,944	$	-	$	248,944

Intangible assets, net
Amortized intangible assets
Customer lists	$	404,409	$	(282,848)	$	121,561	$	398,835	$	(263,631)	$	135,204
Non-compete agreements		47,030		(39,153)		7,877		46,024		(37,189)		8,835
Other		3,507		(2,892)		615		3,507		(2,540)		967
		454,946		(324,893)		130,053		448,366		(303,360)		145,006

Unamortized intangible assets
Trade names & trademarks		59,065		-		59,065		59,130		-		59,130
Total intangible assets, net	$	514,011	$	(324,893)	$	189,118	$	507,496	$	(303,360)	$	204,136

Schedule Of Aggregate Amortization Expense



Aggregate amortization expense related to intangible assets, net:
For the year ended July 31,
2012	$	21,604
2011		23,766
2010		21,180

Schedule Of Estimated Amortization Expense



Estimated amortization expense:
For the year ended July 31,
2013	$	21,130
2014		17,862
2015		15,035
2016		14,864
2017		14,288

Ferrellgas, L.P. [Member]

Goodwill And Intangible Assets, Net



	July 31, 2012						July 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Goodwill, net	$	248,944	$	-	$	248,944	$	248,944	$	-	$	248,944

Intangible assets, net
Amortized intangible assets
Customer lists	$	404,409	$	(282,848)	$	121,561	$	398,835	$	(263,631)	$	135,204
Non-compete agreements		47,030		(39,153)		7,877		46,024		(37,189)		8,835
Other		3,507		(2,892)		615		3,507		(2,540)		967
		454,946		(324,893)		130,053		448,366		(303,360)		145,006

Unamortized intangible assets
Trade names & trademarks		59,065		-		59,065		59,130		-		59,130
Total intangible assets, net	$	514,011	$	(324,893)	$	189,118	$	507,496	$	(303,360)	$	204,136

Schedule Of Aggregate Amortization Expense



Aggregate amortization expense related to intangible assets, net:
For the year ended July 31,
2012	$	21,604
2011		23,766
2010		21,180

Schedule Of Estimated Amortization Expense



Estimated amortization expense:
For the year ended July 31,
2013	$	21,130
2014		17,862
2015		15,035
2016		14,864
2017		14,288

Debt (Tables)

12 Months Ended

Jul. 31, 2012

Components Of Long-term Debt



	2012		2011
Senior notes
Fixed rate, 6.50%, due 2021 (1)	$	500,000	$	500,000
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,036 and $3,472 at July 31, 2012 and 2011, respectively (2)		296,964		296,528
Fixed rate, 8.625%, due 2020 (3)		182,000		182,000
Fair value adjustments related to interest rate swaps		7,784		-

Secured credit facility
Variable interest rate, expiring September 2016 (net of $95.7 million and $64.9 million classified as short-term borrowings at July 31, 2012 and 2011, respectively)		64,270		64,573

Notes payable
9.1% and 9.2% weighted average interest rate at July 31, 2012 and 2011, respectively, due 2012 to 2020, net of unamortized discount of $2,727 and $2,805 at July 31, 2012 and 2011, respectively		10,588		10,376
		1,061,606		1,053,477
Less: current portion, included in other current liabilities on the consolidated balance sheets		2,521		2,557
Long-term debt	$	1,059,085	$	1,050,920

Scheduled Annual Principal Payments On Long-term Debt



For the fiscal year ending July 31,	Scheduled annual principal payments
2013	$	2,521
2014		2,456
2015		2,385
2016		2,319
2017		65,071
Thereafter		984,833
Total	$	1,059,585

Ferrellgas, L.P. [Member]

Components Of Long-term Debt



	2012		2011
Senior notes
Fixed rate, 6.50%, due 2021 (1)	$	500,000	$	500,000
Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,036 and $3,472 at July 31, 2012 and 2011, respectively (2)		296,964		296,528
Fair value adjustments related to interest rate swaps		7,784		-

Secured credit facility
Variable interest rate, expiring September 2016 (net of $95.7 million and $64.9 million classified as short-term borrowings at July 31, 2012 and 2011, respectively)		64,270		64,573

Notes payable
9.1% and 9.2% weighted average interest rate at July 31, 2012 and 2011, respectively, due 2012 to 2020, net of unamortized discount of $2,727 and $2,805 at July 31, 2012 and 2011, respectively		10,588		10,376
		879,606		871,477
Less: current portion, included in other current liabilities on the consolidated balance sheets		2,521		2,557
Long-term debt	$	877,085	$	868,920

Scheduled Annual Principal Payments On Long-term Debt



For the fiscal year ending July 31,	Scheduled annual principal payments
2013	$	2,521
2014		2,456
2015		2,385
2016		2,319
2017		65,071
Thereafter		802,833
Total	$	877,585

Partners' Capital (Tables)

12 Months Ended

Jul. 31, 2012

Limited Partner Units



	2012	2011
Public common unitholders (1)	52,931,590	51,285,212
Ferrell Companies (2)	21,469,664	20,080,776
FCI Trading Corp. (3)	195,686	195,686
Ferrell Propane, Inc. (4)	51,204	51,204
James E. Ferrell (5)	4,358,475	4,353,475

Ferrellgas Paid Cash Distributions



	For the year ended July 31,
	2012		2011		2010
Public common unitholders	$	104,192	$	94,188	$	89,001
Ferrell Companies		41,550		40,160		40,160
FCI Trading		392		392		392
Ferrell Propane		104		104		104
Mr. Ferrell		8,717		8,708		8,708
General partner		1,565		1,450		1,398
	$	156,520	$	145,002	$	139,763

Dividends Expected To Be Paid To Related Parties



Ferrell Companies	$	10,735
FCI Trading		98
Ferrell Propane		26
Mr. Ferrell		2,179
General partner		399

Ferrellgas, L.P. [Member]

Limited Partner Units



	For the year ended July 31,
	2012		2011		2010
Ferrellgas Partners	$	172,218	$	272,777	$	191,822
General partner		1,757		2,783		1,958

Fair Value Measurement (Tables)

12 Months Ended

Jul. 31, 2012

Assets and Liabilities Fair Value Heirarchy



	Asset (Liability)
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
July 31, 2012:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	-	$	7,784	$	-	$	7,784
Commodity derivatives propane swaps		-		1,049		-		1,049
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	-	$	(1,778)	$	-	$	(1,778)
Commodity derivatives propane swaps		-		(12,069)		-		(12,069)

July 31, 2011:
Assets:
Derivative financial instruments:
Commodity derivatives propane swaps	$	-	$	7,637	$	-	$	7,637
Liabilities:
Derivative financial instruments:
Commodity derivatives propane swaps	$	-	$	(2,476)	$	-	$	(2,476)

Ferrellgas, L.P. [Member]

Assets and Liabilities Fair Value Heirarchy



		Asset (Liability)
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
July 31, 2012:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	-	$	7,784	$	-	$	7,784
Commodity derivatives propane swaps		-		1,049		-		1,049
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	-	$	(1,778)	$	-	$	(1,778)
Commodity derivatives propane swaps		-		(12,069)		-		(12,069)

July 31, 2011:
Assets:
Derivative financial instruments:
Commodity derivatives propane swaps	$	-	$	7,637	$	-	$	7,637
Liabilities:
Derivative financial instruments:
Commodity derivatives propane swaps	$	-	$	(2,476)	$	-	$	(2,476)

Derivatives (Tables)

12 Months Ended

Jul. 31, 2012

Jul. 31, 2011

Fair Value of Financial Derivatives Balance Sheet Locations



	July 31, 2012
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	1,049	Other current liabilities	$	12,069
Interest rate swap agreements, current portion	Prepaid expenses and other current assets		3,346	Other current liabilities		-
Interest rate swap agreements, noncurrent portion	Other assets, net		4,438	Other liabilities		1,778
	Total	$	8,833	Total	$	13,847


	July 31, 2011
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	7,637	Other current liabilities	$	2,476
	Total	$	7,637	Total	$	2,476

Fair Value Interest Rate Derivative Income Location

Amount of Gain Recognized on DerivativeAmount of Interest Expense Recognized on Fixed-Rated Debt (Related Hedged Item)Derivative InstrumentLocation of Gain Recognized on DerivativeFor the year ended July 31,For the year ended July 31,2012201120122011Interest rate swap agreementsInterest expense$ 757$ -$ (21,875)$ (21,875)

Cash Flow Derivative Value Recorded in OCI and reclassified to Earnings



	For the year ended July 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(23,290)	Cost of product sold- propane and other gas liquids sales	$	7,108
Interest rate swap agreements		(1,778)	Interest expense		-
	$	(25,068)		$	7,108



	For the year ended July 31, 2011
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	22,676	Cost of product sold- propane and other gas liquids sales	$	(17,358)
	$	22,676		$	(17,358)

Changes in Derivative Value Effect on Other Comprehensive Income Loss


	For the year ended July 31,
Derivative gains (losses) included in AOCL	2012		2011		2010
Beginning balance	$	5,161	$	(157)	$	(989)
Net earnings (loss) on risk management commodity derivatives		(23,290)		22,676		12,063
Reclassification of commodity hedges to cost of product sold - propane and other gas liquids sales		7,108		(17,358)		(11,231)
Net loss on risk management interest rate derivatives		(1,778)		-		-
Ending balance	$	(12,799)	$	5,161	$	(157)

Ferrellgas, L.P. [Member]

Fair Value of Financial Derivatives Balance Sheet Locations



	July 31, 2012
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	1,049	Other current liabilities	$	12,069
Interest rate swap agreements, current portion	Prepaid expenses and other current assets		3,346	Other current liabilities		-
Interest rate swap agreements, noncurrent portion	Other assets, net		4,438	Other liabilities		1,778
	Total	$	8,833	Total	$	13,847


	July 31, 2011
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Location	Fair value		Location	Fair value
Commodity derivatives propane swaps	Prepaid expenses and other current assets	$	7,637	Other current liabilities	$	2,476
	Total	$	7,637	Total	$	2,476

Fair Value Interest Rate Derivative Income Location

Cash Flow Derivative Value Recorded in OCI and reclassified to Earnings



	For the year ended July 31, 2012
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	(23,290)	Cost of product sold- propane and other gas liquids sales	$	7,108
Interest rate swap agreements		(1,778)	Interest expense		-
	$	(25,068)		$	7,108



	For the year ended July 31, 2011
Derivative Instrument	Amount of Gain (Loss) Recognized in AOCL on Derivative		Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
Commodity derivatives propane swaps	$	22,676	Cost of product sold- propane and other gas liquids sales	$	(17,358)
	$	22,676		$	(17,358)

Changes in Derivative Value Effect on Other Comprehensive Income Loss



	For the year ended July 31,
Derivative gains (losses) included in AOCL	2012		2011		2010
Beginning balance	$	5,161	$	(157)	$	(989)
Net earnings (loss) on risk management commodity derivatives		(23,290)		22,676		12,063
Reclassification of commodity hedges to cost of product sold - propane and other gas liquids sales		7,108		(17,358)		(11,231)
Net loss on risk management interest rate derivatives		(1,778)		-		-
Ending balance	$	(12,799)	$	5,161	$	(157)

Transactions With Related Parties (Tables)

12 Months Ended

Jul. 31, 2012

Allocation Of Transactions With Related Parties



	For the year ended July 31,
	2012		2011		2010
Operating expense	$	198,576	$	206,276	$	224,974

General and administrative expense	$	26,213	$	26,777	$	24,620

Ferrellgas, L.P. [Member]

Allocation Of Transactions With Related Parties



	For the year ended July 31,
	2012		2011		2010
Operating expense	$	198,576	$	206,276	$	224,974

General and administrative expense	$	26,213	$	26,777	$	24,620

Contingencies And Commitments (Tables)

12 Months Ended

Jul. 31, 2012

Contractual Operating Lease Commitments And Buyouts



	Future minimum rental and buyout amounts by fiscal year
	2013		2014		2015		2016		2017		Thereafter
Operating lease obligations	$	23,236	$	17,423	$	14,003	$	11,572	$	8,869	$	8,925

Operating lease buyouts	$	1,428	$	1,876	$	795	$	1,017	$	1,221	$	5,631

Ferrellgas, L.P. [Member]

Contractual Operating Lease Commitments And Buyouts



	Future minimum rental and buyout amounts by fiscal year
	2013		2014		2015		2016		2017		Thereafter
Operating lease obligations	$	23,236	$	17,423	$	14,003	$	11,572	$	8,869	$	8,925

Operating lease buyouts	$	1,428	$	1,876	$	795	$	1,017	$	1,221	$	5,631

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details

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

12 Months Ended

Jul. 31, 2012

Net Earnings (Loss) Per Common Unitholders' Interest [Abstract]

Basic And Diluted Net Earnings Per Common Unitholders' Interest



	For the year ended July 31,
	2012		2011		2010
Common unitholders’ interest in net earnings (loss)	$	(10,842)	$	(43,212)	$	32,382

Weighted average common units outstanding (in thousands)		77,572.4		72,313.6		69,241.7

Dilutive securities		-		-		131.8

Weighted average common units outstanding plus dilutive securities		77,572.4		72,313.6		69,373.5

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.14)	$	(0.60)	$	0.47

Quarterly Data (Tables)

12 Months Ended

Jul. 31, 2012

Jul. 31, 2011

Summarized Unaudited Quarterly Data



For the year ended July 31, 2012	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	538,426	$	829,272	$	629,619	$	341,775
Gross margin from propane and other gas liquids sales (a)		111,097		178,967		155,123		113,872
Net earnings (loss)		(32,895)		36,787		21,062		(35,850)
Net earnings (loss) attributable to Ferrellgas Partners, L.P.		(32,604)		36,374		20,807		(35,529)
Common unitholders’ interest in net earnings (loss)		(32,278)		36,010		20,599		(35,173)

Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.42)	$	0.47	$	0.26	$	(0.45)



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)

Ferrellgas, L.P. [Member]

Summarized Unaudited Quarterly Data



For the year ended July 31, 2012	First quarter		Second quarter		Third quarter		Fourth quarter
Revenues	$	538,426	$	829,272	$	629,619	$	341,775
Gross margin from propane and other gas liquids sales (a)		111,097		178,967		155,123		113,872
Net earnings (loss)	$	(28,802)	$	40,884	$	25,253	$	(31,746)


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)

(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.

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

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Tables) - Parent Company [Member]

12 Months Ended

Jul. 31, 2012

Schedule Of Parent Only Statement Of Cash



FERRELLGAS PARTNERS, L.P.
PARENT ONLY

STATEMENTS OF CASH FLOWS
(in thousands)

	For the year ended July 31,
	2012		2011		2010
Cash flows from operating activities:
Net earnings (loss)	$	(10,952)	$	(43,648)	$	32,709
Reconciliation of net earnings (loss) to net cash used in operating activities:
Other		398		1,509		1,182
Equity in (earnings) loss of Ferrellgas, L.P.		(5,533)		10,950		(61,731)
Net cash used in operating activities		(16,087)		(31,189)		(27,840)

Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.		172,218		272,777		191,822
Cash contributed to Ferrellgas, L.P.		(50,700)		(157,680)		(51,300)
Net cash provided by investing activities		121,518		115,097		140,522

Cash flows from financing activities:
Distributions		(156,520)		(145,002)		(139,763)
Cash paid for financing costs		(135)		(173)		(6,275)
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 $62, $300 and $18 for the years ended July 31, 2012, 2011 and 2010, respectively		49,938		157,212		19,949
Proceeds from exercise of common unit options		891		544		1,189
Other		511		1,594		214
Net cash used in financing activities		(105,315)		(83,825)		(112,686)

Increase (decrease) in cash and cash equivalents		116		83		(4)
Cash and cash equivalents - beginning of year		95		12		16
Cash and cash equivalents - end of year	$	211	$	95	$	12

Schedule Of Parent Only Statement Of Earnings



FERRELLGAS PARTNERS, L.P.
PARENT ONLY

STATEMENTS OF EARNINGS
(in thousands)


	For the year ended July 31,
	2012		2011		2010

Equity in earnings (loss) of Ferrellgas, L.P.	$	5,533	$	(10,950)	$	61,731
Operating expense		(350)		(358)		(424)

Operating income (loss)		5,183		(11,308)		61,307

Interest expense		(16,127)		(21,811)		(24,498)
Loss on extinguishment of debt		-		(10,513)		(3,408)
Other income (expense), net		-		-		(666)
Income tax expense		(8)		(16)		(26)

Net earnings (loss)	$	(10,952)	$	(43,648)	$	32,709

Schedule Of Parent Only Balance Sheet


				Schedule 1
FERRELLGAS PARTNERS, L.P.
PARENT ONLY

BALANCE SHEETS
(in thousands, except unit data)

	July 31,
	2012		2011
ASSETS

Cash and cash equivalents	$	211	$	95
Prepaid expenses and other current assets		40		18
Investment in Ferrellgas, L.P.		151,578		265,956
Other assets, net		3,366		3,657
Total assets	$	155,195	$	269,726

LIABILITIES AND PARTNERS' DEFICIT

Other current liabilities	$	2,283	$	2,139
Long-term debt		182,000		182,000

Partners' deficit
Common unitholders (79,006,619 and 75,966,353 units outstanding at 2012 and 2011, respectively)		43,701		139,614
General partner (798,047 and 767,337 units outstanding at 2012 and 2011, respectively)		(59,630)		(58,660)
Accumulated other comprehensive income (loss)		(13,159)		4,633
Total Ferrellgas Partners, L.P. partners' deficit		(29,088)		85,587
Total liabilities and partners' deficit	$	155,195	$	269,726

Schedule II Valuation And Qualifying Accounts (Tables)

12 Months Ended

Jul. 31, 2012

Schedule Of Valuation And Qualifying Accounts


									Schedule II
FERRELLGAS PARTNERS, L.P. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS
(in thousands)


	Balance at		Charged to					Balance
	beginning		cost and					at end
Description	of period		expenses		Other			of period

Year ended July 31, 2012

Allowance for doubtful accounts	$	4,310	$	4,822	$	(5,320)	(1)	$	3,812

Year ended July 31, 2011

Allowance for doubtful accounts	$	5,010	$	5,174	$	(6,874)	(1)	$	4,310
						1,000	(2)
Year ended July 31, 2010

Allowance for doubtful accounts	$	4,294	$	7,821	$	(7,105)	(1)	$	5,010

Ferrellgas, L.P. [Member]

Schedule Of Valuation And Qualifying Accounts


									Schedule II
FERRELLGAS, L.P. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS
(in thousands)


	Balance at		Charged to					Balance
	beginning		cost and					at end
Description	of period		expenses		Other			of period

Year ended July 31, 2012

Allowance for doubtful accounts	$	4,310	$	4,822	$	(5,320)	(1)	$	3,812

Year ended July 31, 2011

Allowance for doubtful accounts	$	5,010	$	5,174	$	(6,874)	(1)	$	4,310
						1,000	(2)
Year ended July 31, 2010

Allowance for doubtful accounts	$	4,294	$	7,821	$	(7,105)	(1)	$	5,010

Partnership Organization And Formation (Details)	12 Months Ended
Partnership Organization And Formation (Details)	Jul. 31, 2012	Jul. 31, 2012 employee	Jul. 31, 2012 shares	Jul. 31, 2011 shares	Jan. 24, 2003 USD ($) shares	Apr. 08, 1996 USD ($) shares
Partnership Organization And Formation [Line Items]
Limited partner interest	99.00%
General partner interest in Ferrellgas Partners	1.00%
General partner interest in the operating partnership	1.00%
General partner interest in Ferrellgas on a combined basis	2.00%
Equity interest in subsidiary	100.00%
Number of employees	0	0
Ferrellgas Partners Finance Corp. [Member]
Partnership Organization And Formation [Line Items]
Corporation formation proceeds from partnership \| $						$ 1,000
Corporation formation shares granted to partnership						1,000
Common stock shares outstanding			1,000	1,000
Number of employees \| employee		0
Ferrellgas, L.P. [Member]
Partnership Organization And Formation [Line Items]
Limited partner interest	99.00%
General partner interest in the operating partnership	1.00%
Equity interest in subsidiary	100.00%
Number of employees	0	0
Ferrellgas Finance Corp. [Member]
Partnership Organization And Formation [Line Items]
Corporation formation proceeds from partnership \| $					$ 1,000
Corporation formation shares granted to partnership					1,000
Common stock shares outstanding			1,000	1,000
Number of employees \| employee		0
Ferrell Companies [Member]
Partnership Organization And Formation [Line Items]
Common stock shares outstanding			21,700,000

Summary Of Significant Accounting Policies (Narrative) (Details) $ in Thousands, customer in Millions	12 Months Ended
	Jul. 31, 2012 USD ($) state customer shares	Jul. 31, 2011 USD ($)	Jul. 31, 2010 USD ($)
Significant Accounting Policies [Line Items]
Approximate number of customers in 50 states \| customer	1
Number of subsidiaries	2
Number of states in which operating partnership serves \| state	50
General partner interest in the operating partnership	1.00%
Revenue recognized over a straight-line basis, term	1 year
Non-cash compensation charges	$ 8,843	$ 13,488	$ 7,831
Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Approximate number of customers in 50 states \| customer	1
Number of states in which operating partnership serves \| state	50
General partner interest in the operating partnership	1.00%
Revenue recognized over a straight-line basis, term	1 year
Non-cash compensation charges	$ 8,843	13,488	7,831
Minimum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life	2 years
Intangible asset useful life	2 years
Minimum [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life	2 years
Intangible asset useful life	2 years
Maximum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life	30 years
Intangible asset useful life	15 years
Maximum [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life	30 years
Intangible asset useful life	15 years
Ferrelgas Unit Option Plan [Member]
Significant Accounting Policies [Line Items]
Number of shares authorized to be issued as options \| shares	1,350,000
Maximum number of units common units under the UOP officer or director of general partner may acquire \| shares	314,895
Term till award expiration	10 years
Non-cash compensation charges	$ 8	13	23
Number of options granted \| shares	300,000
Ferrelgas Unit Option Plan [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Number of shares authorized to be issued as options \| shares	1,350,000
Maximum number of units common units under the UOP officer or director of general partner may acquire \| shares	314,895
Term till award expiration	10 years
Non-cash compensation charges	$ 8	13	23
Number of options granted \| shares	300,000
Ferrelgas Unit Option Plan [Member] \| Minimum [Member]
Significant Accounting Policies [Line Items]
Award vesting period	1 year
Ferrelgas Unit Option Plan [Member] \| Minimum [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Award vesting period	1 year
Ferrelgas Unit Option Plan [Member] \| Maximum [Member]
Significant Accounting Policies [Line Items]
Award vesting period	5 years
Ferrelgas Unit Option Plan [Member] \| Maximum [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Award vesting period	5 years
Ferrell Companies, Inc. Incentive Compensation Plan [Member]
Significant Accounting Policies [Line Items]
Number of shares authorized to be issued as options \| shares	9,250,000
Non-cash compensation charges	$ 8,800	13,500	7,800
Stock options, percent to vest upon event	100.00%
Retirement age	65
Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Number of shares authorized to be issued as options \| shares	9,250,000
Non-cash compensation charges	$ 8,800	13,500	$ 7,800
Stock options, percent to vest upon event	100.00%
Retirement age	65
Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Minimum [Member]
Significant Accounting Policies [Line Items]
Award vesting period	0 years
Term till award expiration	10 years
Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Minimum [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Award vesting period	0 years
Term till award expiration	10 years
Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Maximum [Member]
Significant Accounting Policies [Line Items]
Award vesting period	12 years
Term till award expiration	15 years
Ferrell Companies, Inc. Incentive Compensation Plan [Member] \| Maximum [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Award vesting period	12 years
Term till award expiration	15 years
Adjustments for New Accounting Pronouncement [Member]
Significant Accounting Policies [Line Items]
Consolidated subsidiary accounts receivable pledged as collateral		107,900
Consolidated subsidiary other assets		600
Consolidated subsidiary notes payable		47,000
Consolidated subsidiary notes receivable derecognized		44,900
Consolidated subsidiary retained interest derecognized		15,300
Consolidated subsidiary cumulative effect change in accounting principle		1,300
Adjustments for New Accounting Pronouncement [Member] \| Ferrellgas, L.P. [Member]
Significant Accounting Policies [Line Items]
Consolidated subsidiary accounts receivable pledged as collateral		107,900
Consolidated subsidiary other assets		600
Consolidated subsidiary notes payable		47,000
Consolidated subsidiary notes receivable derecognized		44,900
Consolidated subsidiary retained interest derecognized		15,300
Consolidated subsidiary cumulative effect change in accounting principle		$ 1,300

Summary Of Significant Accounting Policies (Significant Cash And Non-Cash Activities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Interest	$ 88,696	$ 94,553	$ 90,305
Income taxes	764	591	1,550
Issuance of common units in connection with acquisitions			3,123
Issuance of liabilities in connection with acquisitions	2,321	2,290	5,494
Property, plant and equipment additions	233	807	593
Ferrellgas, L.P. [Member]
Interest	72,999	72,211	66,223
Income taxes	756	575	1,524
Issuance of common units in connection with acquisitions		2,970	3,092
Issuance of liabilities in connection with acquisitions	2,321	2,290	5,494
Property, plant and equipment additions	$ 233	807	593
Common Unitholders [Member]
Issuance of common units in connection with acquisitions			3,061
Common Unitholders [Member] \| Ferrellgas, L.P. [Member]
Issuance of common units in connection with acquisitions		$ 2,940	$ 3,061

- Definition

Fair Value of the liabilities incurred by the acquirer to former owners of the acquiree, including the fair value of any contingent consideration. If liabilities transferred as consideration remain within the combined entity after the business combination (for example, because the assets or liabilities were transferred to the acquiree rather than to its former owners), and the acquirer therefore retains control of them; in that situation, the acquirer measures those liabilities at their carrying amounts immediately before the acquisition date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 25
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6405-128476

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph f(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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51
-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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 39, 40, 41
-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

Summary Of Significant Accounting Policies (Summary Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Current expense	$ 215	$ 490	$ 1,477
Deferred expense	913	751	439
Income tax expense	1,128	1,241	1,916
Ferrellgas, L.P. [Member]
Current expense	207	474	1,451
Deferred expense	913	751	439
Income tax expense	$ 1,120	$ 1,225	$ 1,890

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 2: 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.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6509736

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 5: 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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-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.

+ Details

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Deferred Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6510177

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 4: 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.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.7)
-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-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 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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7

Reference 10: 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.

+ Details

Summary Of Significant Accounting Policies (Deferred Taxes Assets And Liabilities) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Deferred tax assets	$ 1,158	$ 992
Deferred tax liabilities	(4,241)	(3,194)
Net deferred tax liability	(3,083)	(2,202)
Ferrellgas, L.P. [Member]
Deferred tax assets	1,158	992
Deferred tax liabilities	(4,241)	(3,194)
Net deferred tax liability	$ (3,083)	$ (2,202)

Business Combinations (Narrative) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Aggregate value of distribution assets	$ 14,034	$ 12,586	$ 45,114
Ferrellgas, L.P. [Member]
Aggregate value of distribution assets	$ 14,034	$ 12,586	$ 45,114

Business Combinations (Schedule Of Funding Of Acquisitions) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Cash payments	$ 10,387	$ 7,298	$ 36,497
Issuance of liabilities and other costs and considerations	2,347	2,348	5,556
Common units, net of issuance cost	1,300	2,940	3,061
Aggregate fair value of transactions	14,034	12,586	45,114
Ferrellgas, L.P. [Member]
Cash payments	10,400	7,298	36,497
Issuance of liabilities and other costs and considerations	2,334	2,348	5,556
Common units, net of issuance cost	1,300	2,940	3,061
Aggregate fair value of transactions	$ 14,034	$ 12,586	$ 45,114

- Definition

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	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Customer tanks, buildings, land and other	$ 7,454	$ 7,746	$ 14,707
Goodwill		5
Aggregate value of assets acquired	14,034	12,586	45,114
Ferrellgas, L.P. [Member]
Customer tanks, buildings, land and other	7,454	7,746	14,707
Goodwill		5
Aggregate value of assets acquired	14,034	12,586	45,114
Non-Compete Agreements [Member]
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill	1,006	1,684	3,271
Non-Compete Agreements [Member] \| Ferrellgas, L.P. [Member]
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill	1,006	1,684	3,271
Customer Lists [Member]
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill	5,574	3,151	27,136
Customer Lists [Member] \| Ferrellgas, L.P. [Member]
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill	$ 5,574	$ 3,151	$ 27,136

Quarterly Distributions Of Available Cash (Details)	12 Months Ended
Quarterly Distributions Of Available Cash (Details)	Jul. 31, 2012
Maximum days after end of quarter to make distributions	45 days
Cash distributions available	100.00%
Ferrellgas, L.P. [Member]
Maximum days after end of quarter to make distributions	45 days
Cash distributions available	100.00%
Cash distributions to Ferrellgas Partners	99.00%
Cash distributions to general partner	1.00%

Supplemental Financial Statement Information (Narrative) (Details) gal in Millions, $ in Millions	12 Months Ended
	Jul. 31, 2012 USD ($) gal	Jul. 31, 2011 USD ($)	Jul. 31, 2010 USD ($)
Supplemental Financial Statement Information [Line Items]
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	104.8
Depreciation \| $	$ 60.0	$ 58.7	$ 61.3
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Net procurement of fixed priced propane by Ferrellgas in gallons \| gal	104.8
Depreciation \| $	$ 60.0	$ 58.7	$ 61.3
Maximum [Member]
Supplemental Financial Statement Information [Line Items]
Contract term duration	1 year
Supply procurement contract duration	36 months
Maximum [Member] \| Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Contract term duration	1 year
Supply procurement contract duration	36 months

Supplemental Financial Statement Information (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Propane gas and related products	$ 110,517	$ 113,826
Appliances, parts and supplies	17,081	22,313
Inventories	127,598	136,139
Ferrellgas, L.P. [Member]
Propane gas and related products	110,517	113,826
Appliances, parts and supplies	17,081	22,313
Inventories	$ 127,598	$ 136,139

Supplemental Financial Statement Information (Property, Plant And Equipment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,223,728	$ 1,215,870
Less: accumulated depreciation	597,177	573,665
Property, plant and equipment, net	626,551	642,205
Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,223,728	1,215,870
Less: accumulated depreciation	597,177	573,665
Property, plant and equipment, net	$ 626,551	642,205
Land [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Indefinite
Property, plant and equipment, gross	$ 31,229	30,920
Land [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Indefinite
Property, plant and equipment, gross	$ 31,229	30,920
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,418	11,200
Land Improvements [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 11,418	11,200
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Property, plant and equipment, gross	$ 67,027	66,043
Buildings And Improvements [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Property, plant and equipment, gross	$ 67,027	66,043
Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	102,374	104,188
Vehicles, Including Transport Trailers [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	102,374	104,188
Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	109,050	105,485
Bulk Equipment And District Facilities [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	109,050	105,485
Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	782,293	778,599
Tanks, Cylinders And Customer Equipment [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	782,293	778,599
Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	116,916	116,281
Computer And Office Equipment [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	116,916	116,281
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,421	3,154
Construction In Progress [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,421	$ 3,154
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Land Improvements [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	8 years
Minimum [Member] \| Vehicles, Including Transport Trailers [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	8 years
Minimum [Member] \| Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Minimum [Member] \| Bulk Equipment And District Facilities [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Minimum [Member] \| Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Tanks, Cylinders And Customer Equipment [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Minimum [Member] \| Computer And Office Equipment [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Maximum [Member] \| Land Improvements [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Maximum [Member] \| Vehicles, Including Transport Trailers [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Maximum [Member] \| Vehicles, Including Transport Trailers [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Maximum [Member] \| Bulk Equipment And District Facilities [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Bulk Equipment And District Facilities [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Tanks, Cylinders And Customer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Tanks, Cylinders And Customer Equipment [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	30 years
Maximum [Member] \| Computer And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Maximum [Member] \| Computer And Office Equipment [Member] \| Ferrellgas, L.P. [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

Supplemental Financial Statement Information (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Accrued interest	$ 19,945	$ 19,779
Accrued litigation and insurance	9,061	16,565
Accrued payroll	16,495	12,974
Customer deposits and advances	28,842	19,784
Other	48,324	35,711
Other current liabilities	122,667	104,813
Ferrellgas, L.P. [Member]
Accrued interest	17,938	17,773
Accrued litigation and insurance	9,061	16,565
Accrued payroll	16,495	12,974
Customer deposits and advances	28,842	19,784
Other	48,048	35,578
Other current liabilities	$ 120,384	$ 102,674

- Definition

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).

+ References + Details

- Definition

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

- Definition

Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes 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.

+ References + Details

Supplemental Financial Statement Information (Loss On Disposal Of Assets And Other) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Loss on disposal of assets	$ 6,035	$ 3,633	$ 7,296
Loss on transfer of accounts receivable related to the accounts receivable securitization			6,566
Service income related to the accounts receivable securitization			(5,377)
Loss on disposal of assets and other	6,035	3,633	8,485
Ferrellgas, L.P. [Member]
Loss on disposal of assets	6,035	3,633	7,296
Loss on transfer of accounts receivable related to the accounts receivable securitization			6,566
Service income related to the accounts receivable securitization			(5,377)
Loss on disposal of assets and other	$ 6,035	$ 3,633	$ 8,485

Supplemental Financial Statement Information (Shipping And Handling Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	$ 197,289	$ 202,785	$ 203,405
Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	197,289	202,785	203,405
Operating Expense [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	177,903	183,899	183,612
Operating Expense [Member] \| Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	177,903	183,899	183,612
Depreciation And Amortization Expense [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	6,545	6,063	5,601
Depreciation And Amortization Expense [Member] \| Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	6,545	6,063	5,601
Equipment Lease Expense [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	12,841	12,823	14,192
Equipment Lease Expense [Member] \| Ferrellgas, L.P. [Member]
Supplemental Financial Statement Information [Line Items]
Shipping and handling expenses	$ 12,841	$ 12,823	$ 14,192

- Definition

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

+ References

Reference 1: 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 2: 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 3: 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 4: 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=21915142&loc=d3e60635-111653

Reference 5: 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 6: 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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Shipping Costs
-URI http://asc.fasb.org/extlink&oid=6525344

Reference 8: 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 9: 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.

+ Details

Accounts And Notes Receivable, Net And Accounts Receivable Securitization (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable securitization program, maximum capacity	$ 225,000
Accounts receivable securitization program, maturity date	Jan. 19, 2017
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	$ 74,000	$ 61,000
Available proceeds from additional trade accounts receivable		3,000
Pledged trade receivable as collateral against collateralized notes payable	121,812	112,509
Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable securitization program, maximum capacity	$ 225,000
Accounts receivable securitization program, maturity date	Jan. 19, 2017
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	$ 74,000	61,000
Available proceeds from additional trade accounts receivable		3,000
Pledged trade receivable as collateral against collateralized notes payable	$ 121,812	$ 112,509
Accounts Receivable Securitization [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average discount rate to value the retained interest in the transferred receivables	2.60%	3.60%
Accounts Receivable Securitization [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average discount rate to value the retained interest in the transferred receivables	2.60%	3.60%
Commercial Paper [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pledged trade receivable as collateral against collateralized notes payable	$ 121,800
Note payable	74,000
Commercial Paper [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pledged trade receivable as collateral against collateralized notes payable	121,800
Note payable	$ 74,000
Operating Partnership's Previous 364-Day Facility [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable securitization program, maturity date	Apr. 04, 2013
Operating Partnership's Previous 364-Day Facility [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable securitization program, maturity date	Apr. 04, 2013
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in interest rate from previous facility	1.45%
Maximum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in interest rate from previous facility	1.45%
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in interest rate from previous facility	1.20%
Minimum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Decrease in interest rate from previous facility	1.20%
January, February, March, And December [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	$ 225,000
January, February, March, And December [Member] \| Maximum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	225,000
April And May [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	175,000
April And May [Member] \| Maximum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	175,000
All Other Months [Member] \| Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	145,000
All Other Months [Member] \| Maximum [Member] \| Ferrellgas, L.P. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds to Ferrellgas from securitizing receivables to a commercial paper conduit	$ 145,000

Accounts And Notes Receivable, Net And Accounts Receivable Securitization (Accounts And Notes Receivable) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Accounts receivable pledged as collateral	$ 121,812	$ 112,509
Accounts receivable	5,788	51,104
Other	216	229
Less: Allowance for doubtful accounts	(3,812)	(4,310)
Accounts and notes receivable, net	124,004	159,532
Ferrellgas, L.P. [Member]
Accounts receivable pledged as collateral	121,812	112,509
Accounts receivable	5,788	51,104
Other	216	229
Less: Allowance for doubtful accounts	(3,812)	(4,310)
Accounts and notes receivable, net	$ 124,004	$ 159,532

Goodwill And Intangible Assets, Net (Narrative) (Details)	12 Months Ended
	Jul. 31, 2012
Customer Lists [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	15 years
Customer Lists [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	15 years
Minimum [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	2 years
Minimum [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	2 years
Minimum [Member] \| Non-Compete Agreements And Other Intangible Assets [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	2 years
Minimum [Member] \| Non-Compete Agreements And Other Intangible Assets [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	2 years
Maximum [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	15 years
Maximum [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	15 years
Maximum [Member] \| Non-Compete Agreements And Other Intangible Assets [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	10 years
Maximum [Member] \| Non-Compete Agreements And Other Intangible Assets [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Intangible asset useful life	10 years

Goodwill And Intangible Assets, Net (Goodwill And Intangible Assets, Net) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Goodwill And Intangible Assets [Line Items]
Gross carrying amount	$ 248,944	$ 248,944
Goodwill, Net	248,944	248,944
Amortizable Intangible Assets, Gross carrying amount	454,946	448,366
Amortizable Intangible Assets, Accumulated amortization	(324,893)	(303,360)
Amortizable Intangible Assets, Net	130,053	145,006
Intangible assets gross excluding goodwill	514,011	507,496
Intangible assets amortization and impairment net excluding goodwill	(324,893)	(303,360)
Intangible assets net excluding goodwill	189,118	204,136
Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Gross carrying amount	248,944	248,944
Goodwill, Net	248,944	248,944
Amortizable Intangible Assets, Gross carrying amount	454,946	448,366
Amortizable Intangible Assets, Accumulated amortization	(324,893)	(303,360)
Amortizable Intangible Assets, Net	130,053	145,006
Intangible assets gross excluding goodwill	514,011	507,496
Intangible assets amortization and impairment net excluding goodwill	324,893	303,360
Intangible assets net excluding goodwill	189,118	204,136
Trade Names And Trademarks [Member]
Goodwill And Intangible Assets [Line Items]
Gross carrying amount - unamortized	59,065	59,130
Unamortized, Net	59,065	59,130
Trade Names And Trademarks [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Gross carrying amount - unamortized	59,065	59,130
Unamortized, Net	59,065	59,130
Customer Lists [Member]
Goodwill And Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross carrying amount	404,409	398,835
Amortizable Intangible Assets, Accumulated amortization	(282,848)	(263,631)
Amortizable Intangible Assets, Net	121,561	135,204
Customer Lists [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross carrying amount	404,409	398,835
Amortizable Intangible Assets, Accumulated amortization	(282,848)	(263,631)
Amortizable Intangible Assets, Net	121,561	135,204
Non-Compete Agreements [Member]
Goodwill And Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross carrying amount	47,030	46,024
Amortizable Intangible Assets, Accumulated amortization	(39,153)	(37,189)
Amortizable Intangible Assets, Net	7,877	8,835
Non-Compete Agreements [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross carrying amount	47,030	46,024
Amortizable Intangible Assets, Accumulated amortization	(39,153)	(37,189)
Amortizable Intangible Assets, Net	7,877	8,835
Other Intangible Assets [Member]
Goodwill And Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross carrying amount	3,507	3,507
Amortizable Intangible Assets, Accumulated amortization	(2,892)	(2,540)
Amortizable Intangible Assets, Net	615	967
Other Intangible Assets [Member] \| Ferrellgas, L.P. [Member]
Goodwill And Intangible Assets [Line Items]
Amortizable Intangible Assets, Gross carrying amount	3,507	3,507
Amortizable Intangible Assets, Accumulated amortization	(2,892)	(2,540)
Amortizable Intangible Assets, Net	$ 615	$ 967

Goodwill And Intangible Assets, Net (Aggregate Amortization Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Aggregate amortization expense	$ 21,604	$ 23,766	$ 21,180
Ferrellgas, L.P. [Member]
Aggregate amortization expense	$ 21,604	$ 23,766	$ 21,180

Goodwill And Intangible Assets, Net (Estimated Amortization Expense) (Details) $ in Thousands	Jul. 31, 2012 USD ($)
Estimated amortization expense, 2013	$ 21,130
Estimated amortization expense, 2014	17,862
Estimated amortization expense, 2015	15,035
Estimated amortization expense, 2016	14,864
Estimated amortization expense, 2017	14,288
Ferrellgas, L.P. [Member]
Estimated amortization expense, 2013	21,130
Estimated amortization expense, 2014	17,862
Estimated amortization expense, 2015	15,035
Estimated amortization expense, 2016	14,864
Estimated amortization expense, 2017	$ 14,288

Debt (Short-Term Borrowings Narrative) (Details) (Imported) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Short-term borrowings	$ 95,730	$ 64,927
Ferrellgas, L.P. [Member]
Short-term borrowings	$ 95,730	$ 64,927

Debt (Senior Notes Narrative) (Details) (Imported) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 31, 2011	Nov. 30, 2010	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010	Nov. 24, 2010	Apr. 13, 2010	Sep. 14, 2009
Interest rate			9.125%
Prepayment premium for early extinguishment of debt				$ (46,962,000)	$ (20,716,000)
Ferrellgas, L.P. [Member]
Prepayment premium for early extinguishment of debt				(36,449,000)	$ (17,308,000)
Fixed Rate, 6.50%, Due 2021 [Member]
Debt instrument prepayment penalty prior to date			2019
Debt instrument, face amount						$ 500,000,000
Interest rate						6.50%
Debt instrument, maturity year						2021
Proceeds from issuance of unsecured debt		$ 491,300,000
Debt redeemed				$ 500,000,000
Unregistered notes, issuance date				Nov. 24, 2010
Debt Instrument, Frequency of Periodic Payment			semi-annually
Debt Instrument, Maturity Date			May 01, 2021
Fixed Rate, 6.50%, Due 2021 [Member] \| Ferrellgas, L.P. [Member]
Debt instrument prepayment penalty prior to date			2019
Debt instrument, face amount						$ 500,000,000
Interest rate						6.50%
Debt instrument, maturity year						2021
Proceeds from issuance of unsecured debt		$ 491,300,000
Debt redeemed				$ 500,000,000
Unregistered notes, issuance date				Nov. 24, 2010
Debt Instrument, Maturity Date			May 01, 2021
Fixed Rate, 6.75%, Due 2014 [Member]
Interest rate		6.75%
Debt instrument, maturity year		2014
Debt redeemed		$ 450,000,000
Make-whole payment		11,100,000
Accrued interest paid		2,400,000
Write-offs of unamortized discount on debt		$ 25,300,000
Fixed Rate, 6.75%, Due 2014 [Member] \| Ferrellgas, L.P. [Member]
Interest rate		6.75%
Debt instrument, maturity year		2014
Debt redeemed		$ 450,000,000
Make-whole payment		11,100,000
Accrued interest paid		2,400,000
Write-offs of unamortized discount on debt		$ 25,300,000
Fixed Rate, 8.625%, Due 2020 [Member]
Debt instrument prepayment penalty prior to date			2018
Debt instrument, face amount				$ 280,000,000			$ 280,000,000
Interest rate				8.625%
Debt instrument, maturity year				2020
Debt redeemed	$ 98,000,000			$ 98,000,000
Make-whole payment	8,400,000			8,400,000
Accrued interest paid	2,400,000
Unregistered notes, issuance date			Apr. 13, 2010
Write-offs of unamortized discount on debt	$ 2,200,000
Debt Instrument, Frequency of Periodic Payment			semi-annually
Fixed Rate, 8.625%, Due 2020 [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, face amount				$ 280,000,000
Interest rate				8.625%
Debt instrument, maturity year				2020
Debt redeemed				$ 98,000,000
Fixed Rate, 9.125%, Due 2017 [Member]
Debt instrument prepayment penalty prior to date			2015
Debt instrument, face amount								$ 300,000,000
Debt instrument, maturity year								2017
Debt Instrument, Frequency of Periodic Payment			semi-annually
Debt Instrument, Unamortized Discount								$ 4,200,000
Debt Instrument, Maturity Date			Oct. 01, 2017
Fixed Rate, 9.125%, Due 2017 [Member] \| Ferrellgas, L.P. [Member]
Debt instrument prepayment penalty prior to date			2015
Debt instrument, face amount								$ 300,000,000
Debt instrument, maturity year								2017
Debt Instrument, Unamortized Discount								$ 4,200,000
Debt Instrument, Maturity Date			Oct. 01, 2017

Debt (Secured Credit Facility Narrative) (Details) (Imported) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Letter Of Credit [Member] \| Ferrellgas, L.P. [Member]
Letters of credit outstanding	$ 64.5	$ 64.5	$ 47.5
Letter of credit facility, remaining capacity	135.5	135.5	152.5
Line of credit facility, commitment fee		$ 0.9	1.1	$ 0.9
Secured Credit Facility [Member]
Line of credit facility maturity period		5 years
Debt instrument, maturity date		September 2016
Total borrowings outstanding, line of credit facility	160.0	$ 160.0	129.5
Amount classified as long-term debt	64.3	$ 64.3	$ 64.6
Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, maturity date		September 2016
Total borrowings outstanding, line of credit facility	160.0	$ 160.0
Amount classified as long-term debt	$ 64.3	$ 64.3
Reductions from Previous Facility Rates [Member] \| Secured Credit Facility [Member]
Interest Rate, minimum		1.25%
Interest Rate, maximum		1.50%
Reductions from Previous Facility Rates [Member] \| Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Interest Rate, minimum		1.25%
Interest Rate, maximum		1.50%
Federal Funds Rate [Member]
Credit facility interest rate	0.13%	0.13%	0.11%
Federal Funds Rate [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, basis spread rate	0.50%	0.50%
Credit facility interest rate	0.13%	0.13%	0.11%
Federal Funds Rate [Member] \| Secured Credit Facility [Member]
Debt instrument, basis spread rate	0.50%	0.50%
Eurodollar Rate Loan [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, base basis spread rate		1.00%
Eurodollar Rate Loan [Member] \| Secured Credit Facility [Member]
Debt instrument, basis spread rate	3.00%	3.00%	4.00%
Eurodollar Rate Loan [Member] \| Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, basis spread rate	3.00%	3.00%	4.00%
Euro Rate [Member] \| Secured Credit Facility [Member]
Debt instrument, basis spread rate	2.00%	2.00%	3.00%
Debt instrument, base basis spread rate	1.00%
Euro Rate [Member] \| Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, basis spread rate	2.00%	2.00%	3.00%
Bank Of America's Prime Rate [Member]
Credit facility interest rate	3.25%	3.25%	3.25%
Bank Of America's Prime Rate [Member] \| Ferrellgas, L.P. [Member]
Credit facility interest rate	3.25%	3.25%	3.25%
One-Month Eurodollar Rate [Member]
Credit facility interest rate	0.31%	0.31%	0.22%
One-Month Eurodollar Rate [Member] \| Ferrellgas, L.P. [Member]
Credit facility interest rate	0.31%	0.31%	0.22%
Three-Month Eurodollar Rate [Member]
Credit facility interest rate	0.43%	0.43%	0.34%
Three-Month Eurodollar Rate [Member] \| Ferrellgas, L.P. [Member]
Credit facility interest rate	0.43%	0.43%	0.34%
Secured Credit Facility [Member]
Secured line of credit facility	$ 400.0	$ 400.0
Debt instrument, maturity date		September 2016
Weighted average interest rate of debt	4.20%	4.20%	6.50%
Commitment fee payable rate	0.50%
Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Secured line of credit facility	$ 400.0	$ 400.0
Total borrowings outstanding, line of credit facility			$ 129.5
Weighted average interest rate of debt	4.20%	4.20%	6.50%
Commitment fee payable rate		0.50%
Secured Credit Facility [Member] \| Letter Of Credit [Member]
Secured line of credit facility	$ 200.0	$ 200.0
Letters of credit outstanding	64.5	64.5	$ 47.5
Letter of credit facility, remaining capacity	135.5	135.5	152.5
Line of credit facility, commitment fee		0.9	1.1	$ 0.9
Secured Credit Facility [Member] \| Letter Of Credit [Member] \| Ferrellgas, L.P. [Member]
Secured line of credit facility	$ 200.0	$ 200.0
Amount classified as long-term debt			$ 64.6
Minimum [Member] \| Eurodollar Rate Loan [Member] \| Secured Credit Facility [Member]
Debt instrument, basis spread rate	2.00%	2.00%
Minimum [Member] \| Eurodollar Rate Loan [Member] \| Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, basis spread rate	2.00%	2.00%
Minimum [Member] \| Euro Rate [Member] \| Secured Credit Facility [Member]
Debt instrument, basis spread rate	1.00%	1.00%
Minimum [Member] \| Euro Rate [Member] \| Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, basis spread rate	1.00%	1.00%
Maximum [Member] \| Eurodollar Rate Loan [Member] \| Secured Credit Facility [Member]
Debt instrument, basis spread rate	3.00%	3.00%
Maximum [Member] \| Eurodollar Rate Loan [Member] \| Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, basis spread rate	3.00%	3.00%
Maximum [Member] \| Euro Rate [Member] \| Secured Credit Facility [Member]
Debt instrument, basis spread rate	2.00%	2.00%
Maximum [Member] \| Euro Rate [Member] \| Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Debt instrument, basis spread rate	2.00%	2.00%

Debt (Components Of Long-Term Debt) (Details) (Imported) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011
Total long-term debt	$ 1,061,606	$ 1,053,477
Less: current portion, included in other current liabilities on the consolidated balance sheets	2,521	2,557
Long-term debt	$ 1,059,085	1,050,920
Debt instrument, fixed interest rate	9.125%
Short-term borrowings	$ 95,730	64,927
Ferrellgas, L.P. [Member]
Total long-term debt	879,606	871,477
Less: current portion, included in other current liabilities on the consolidated balance sheets	2,521	2,557
Long-term debt	877,085	868,920
Short-term borrowings	95,730	64,927
Fixed Rate, 6.50%, Due 2021 [Member]
Senior notes	$ 500,000	500,000
Debt instrument, fixed interest rate	6.50%
Debt instrument, maturity year	2021
Fixed Rate, 6.50%, Due 2021 [Member] \| Ferrellgas, L.P. [Member]
Senior notes	$ 500,000	500,000
Debt instrument, fixed interest rate	6.50%
Debt instrument, maturity year	2021
Fixed Rate, 9.125%, Due 2017 [Member]
Senior notes	$ 296,964	296,528
Debt instrument, fixed interest rate	9.125%
Debt instrument, maturity year	2017
Unamortized discount	$ 3,036	3,472
Fixed Rate, 9.125%, Due 2017 [Member] \| Ferrellgas, L.P. [Member]
Senior notes	$ 296,964	296,528
Debt instrument, maturity year	2017
Unamortized discount	$ 3,036	3,472
Fixed Rate, 8.625%, Due 2020 [Member]
Senior notes	$ 182,000	182,000
Debt instrument, fixed interest rate	8.625%
Debt instrument, maturity year	2020
Notes Payable [Member]
Notes payable	$ 10,588	10,376
Unamortized discount	$ 2,727	$ 2,805
Weighted average interest rate of debt	9.10%	9.20%
Long-term debt, Notes payable due start	2012
Long-term debt, Notes payable due end	2020
Notes Payable [Member] \| Ferrellgas, L.P. [Member]
Notes payable	$ 10,588	$ 10,376
Unamortized discount	$ 2,727	$ 2,805
Weighted average interest rate of debt	9.10%	9.20%
Long-term debt, Notes payable due start	2012
Long-term debt, Notes payable due end	2020
Secured Credit Facility [Member]
Line of credit facility	$ 64,270	$ 64,573
Debt instrument, maturity date	September 2016
Secured Credit Facility [Member] \| Ferrellgas, L.P. [Member]
Line of credit facility	$ 64,270	$ 64,573
Debt instrument, maturity date	September 2016
Interest Rate Swap [Member]
Senior notes	$ 7,784
Interest Rate Swap [Member] \| Ferrellgas, L.P. [Member]
Senior notes	$ 7,784

Debt (Scheduled Annual Principal Payments On Long-term Debt) $ in Thousands	Jul. 31, 2012 USD ($)
2013	$ 2,521
2014	2,456
2015	2,385
2016	2,319
2017	65,071
Thereafter	984,833
Total	1,059,585
Ferrellgas, L.P. [Member]
2013	2,521
2014	2,456
2015	2,385
2016	2,319
2017	65,071
Thereafter	802,833
Total	$ 877,585

Debt (Interest Rate Swaps Narrative) - Interest Rate Swap [Member]	12 Months Ended
	Jul. 31, 2012 USD ($)
Secured credit facility and collateralized note payables [Member]
Interest rate derivative inception date	May 2012
Derivative, Fixed Interest Rate	1.95%
Derivative, Description of Hedged Item	forecasted interest payments on the operating partnership's secured credit facility and collateralized note payable borrowings
Derivative, Description of Variable Rate Basis	one-month LIBOR
Secured credit facility and collateralized note payables [Member] \| Ferrellgas, L.P. [Member]
Interest rate derivative inception date	May 2012
Derivative, Fixed Interest Rate	1.95%
Derivative, Description of Hedged Item	forecasted interest payments on Ferrellgas, L.P.'s secured credit facility and collateralized note payable borrowings
Derivative, Description of Variable Rate Basis	one-month LIBOR
Fixed Rate, 6.50%, Due 2021 [Member]
Interest rate derivative settlement start date	May 2012
Interest rate derivative inception date	May 2012
Notional Amount of Interest Rate Fair Value Hedge Derivatives	$ 140,000,000
Derivative, Fixed Interest Rate	6.50%
Interest rate plus one-month LIBOR	4.715%
Derivative, Description of Hedged Item	$500.0 million 6.5% fixed rate senior notes due 2021
Derivative, Description of Variable Rate Basis	one-month LIBOR
Fixed Rate, 6.50%, Due 2021 [Member] \| Ferrellgas, L.P. [Member]
Interest rate derivative settlement start date	May 2012
Interest rate derivative inception date	May 2012
Notional Amount of Interest Rate Fair Value Hedge Derivatives	$ 140,000,000
Derivative, Fixed Interest Rate	6.50%
Interest rate plus one-month LIBOR	4.715%
Derivative, Description of Hedged Item	$500.0 million 6.5% fixed rate senior notes due 2021
Derivative, Description of Variable Rate Basis	one-month LIBOR
Fixed Rate, 9.125%, Due 2017 [Member]
Interest rate derivative settlement start date	May 2012
Interest rate derivative inception date	May 2012
Notional Amount of Interest Rate Fair Value Hedge Derivatives	$ 140,000,000
Derivative, Fixed Interest Rate	9.125%
Interest rate plus one-month LIBOR	7.96%
Derivative, Description of Hedged Item	$300.0 million 9.125% fixed rate senior notes due 2017
Derivative, Description of Variable Rate Basis	one-month LIBOR
Fixed Rate, 9.125%, Due 2017 [Member] \| Ferrellgas, L.P. [Member]
Interest rate derivative settlement start date	May 2012
Interest rate derivative inception date	May 2012
Notional Amount of Interest Rate Fair Value Hedge Derivatives	$ 140,000,000
Derivative, Fixed Interest Rate	9.125%
Interest rate plus one-month LIBOR	7.96%
Derivative, Description of Hedged Item	$300.0 million 9.125% fixed rate senior notes due 2017
Derivative, Description of Variable Rate Basis	one-month LIBOR
Interest rate cash flow hedge leg 1 [member] \| Secured credit facility and collateralized note payables [Member]
Interest rate derivative settlement start date	August 2015
Interest rate derivative settlement end date	July 2017
Notional Amount of Interest Rate Cash Flow Hedge Derivatives	$ 175,000,000
Interest rate cash flow hedge leg 1 [member] \| Secured credit facility and collateralized note payables [Member] \| Ferrellgas, L.P. [Member]
Interest rate derivative settlement start date	August 2015
Interest rate derivative settlement end date	July 2017
Notional Amount of Interest Rate Cash Flow Hedge Derivatives	$ 175,000,000
Interest rate cash flow hedge leg 2 [Member] \| Secured credit facility and collateralized note payables [Member]
Interest rate derivative settlement start date	August 2017
Interest rate derivative settlement end date	July 2018
Notional Amount of Interest Rate Cash Flow Hedge Derivatives	$ 100,000,000
Interest rate cash flow hedge leg 2 [Member] \| Secured credit facility and collateralized note payables [Member] \| Ferrellgas, L.P. [Member]
Interest rate derivative settlement start date	August 2017
Interest rate derivative settlement end date	July 2018
Notional Amount of Interest Rate Cash Flow Hedge Derivatives	$ 100,000,000

Partners' Capital (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010	Mar. 31, 2011	Apr. 13, 2010
Distribution Made to Member or Limited Partner [Line Items]
Minimum percentage ownership of outstanding common units resulting in non voting of owners		20.00%
Cash distribution declared date	Aug. 23, 2012
Cash distributions declared per common unit	$ 0.50
Cash distributions, payment date	Sep. 14, 2012
Proceeds from offering of common units			$ 127,300,000
Stock issued during the period for acquisition, shares		0.1	0.1
Stock issued during the period for acquisition, value		$ 1,300,000	$ 2,900,000
Cash received from contributions		$ 511,000	1,594,000	$ 214,000
Debt instrument, fixed interest rate	9.125%	9.125%
Accrued interest	$ 19,945,000	$ 19,945,000	$ 19,779,000
Public offering for common units			5.1
Ferrellgas, L.P. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Asset contributions received from parent		1,300,000	$ 2,900,000
Cash distribution declared date	Aug. 23, 2012
Cash distributions, payment date	Sep. 14, 2012
Accrued interest	$ 17,938,000	$ 17,938,000	17,773,000
Ferrellgas Partners [Member]
Distribution Made to Member or Limited Partner [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest		98.00%
Ferrellgas Partners [Member] \| Ferrellgas, L.P. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Received cash contributions from parent		$ 50,700,000	157,700,000
Cash distribution paid to partners			$ 107,900,000
Distribution payable, amount	39,900,000	$ 39,900,000
General Partner [Member]
Distribution Made to Member or Limited Partner [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest		2.00%	2.00%
Cash received from contributions		$ 1,100,000	$ 3,300,000
Non-cash contributions		$ 400,000	$ 500,000
General Partner [Member] \| Ferrellgas, L.P. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest		1.0101%	1.0101%
Distribution payable, amount	$ 400,000	$ 400,000
Cash received from contributions		500,000	$ 1,600,000
Non-cash contributions		$ 200,000	200,000
Ferrell Companies [Member]
Distribution Made to Member or Limited Partner [Line Items]
Offering of common units, shares		1.4
Proceeds from offering of common units		$ 25,000,000
Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions And Including Beneficial Ownership		27.50%
Total beneficial ownership		27.50%
Fixed Rate, 8.625%, Due 2020 [Member]
Distribution Made to Member or Limited Partner [Line Items]
Debt redeemed			98,000,000		$ 98,000,000
Debt instrument, face amount			$ 280,000,000			$ 280,000,000
Debt instrument, fixed interest rate			8.625%
Debt maturity year			2020
Debt instrument, make whole payment			$ 8,400,000		$ 8,400,000
Accrued interest			2,400,000
Fixed Rate, 8.625%, Due 2020 [Member] \| Ferrellgas, L.P. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Debt redeemed			98,000,000
Debt instrument, face amount			$ 280,000,000
Debt instrument, fixed interest rate			8.625%
Debt maturity year			2020
Institutional Investor [Member]
Distribution Made to Member or Limited Partner [Line Items]
Offering of common units, shares		1.5	1.2
Proceeds from offering of common units		$ 25,000,000	$ 30,000,000
Original Offering [Member]
Distribution Made to Member or Limited Partner [Line Items]
Public offering for common units			4.4
Over-Allotment [Member]
Distribution Made to Member or Limited Partner [Line Items]
Public offering for common units			0.7

Partners' Capital (Limited Partner Units) (Details) - shares

12 Months Ended

Jul. 31, 2012

Jul. 31, 2011

Limited partners units owned

79,006,619

75,966,353

Equity interest in subsidiaries common units

100.00%

Public Common Unitholders [Member]

Limited partners units owned

^[1]

52,931,590

51,285,212

Ferrell Companies [Member]

Limited partners units owned

^[2]

21,469,664

20,080,776

Equity interest in subsidiaries common units

27.20%

FCI Trading Corp. [Member]

Limited partners units owned

^[3]

195,686

Ferrell Propane, Inc. [Member]

Limited partners units owned

^[4]

51,204

James E. Ferrell [Member]

Limited partners units owned

^[5]

4,358,475

4,353,475

Ferrell Companies [Member] | FCI Trading Corp. [Member]

Limited partners units owned

195,686

Ferrell Companies [Member] | Ferrell Propane, Inc. [Member]

Limited partners units owned

51,204

[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 27.2% direct owner of Ferrellgas Partner’s common units and thus a related party. Ferrell Companies also beneficially owns 195,686 and 51,204 common units of Ferrellgas Partners held by FCI Trading Corp. (“FCI T
[3]	FCI Trading is an affiliate of the general partner and thus a related party.
[4]	Ferrell Propane is controlled by the general partner and thus a related party.
[5]	James E. Ferrell (“Mr. Ferrell”) is the Executive Chairman and Chairman of the Board of Directors of the general partner and thus a related party.

Partners' Capital (Ferrellgas Paid Cash Distributions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Limited Partners' Capital Account [Line Items]
Distributions		$ 147,785	$ 141,721
Ferrellgas, L.P. [Member]
Limited Partners' Capital Account [Line Items]
Distributions		275,560	193,780
Public Common Unitholders [Member]
Limited Partners' Capital Account [Line Items]
Distributions	$ 104,192	94,188	89,001
Ferrell Companies [Member]
Limited Partners' Capital Account [Line Items]
Distributions	41,550	40,160	40,160
FCI Trading Corp. [Member]
Limited Partners' Capital Account [Line Items]
Distributions	392	392	392
Ferrell Propane, Inc. [Member]
Limited Partners' Capital Account [Line Items]
Distributions	104	104	104
James E. Ferrell [Member]
Limited Partners' Capital Account [Line Items]
Distributions	8,717	8,708	8,708
General Partner [Member]
Limited Partners' Capital Account [Line Items]
Distributions	1,565	1,450	1,398
General Partner [Member] \| Ferrellgas, L.P. [Member]
Limited Partners' Capital Account [Line Items]
Distributions	1,757	2,783	1,958
Ferrellgas Partners [Member] \| Ferrellgas, L.P. [Member]
Limited Partners' Capital Account [Line Items]
Distributions	$ 172,218	272,777	191,822
Total Ferrellgas Partners, L.P. Partners' Capital [Member]
Limited Partners' Capital Account [Line Items]
Distributions		$ 145,002	$ 139,763

Partners' Capital (Dividends Expected To Be Paid To Related Parties) (Details) $ in Thousands	12 Months Ended
	Jul. 31, 2012 USD ($)
Ferrell Companies [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	$ 10,735
FCI Trading Corp. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	98
Ferrell Propane, Inc. [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	26
James E. Ferrell [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	2,179
General Partner [Member]
Distribution Made to Member or Limited Partner [Line Items]
Amounts expected to be paid to related parties	$ 399

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	Jul. 31, 2012	Jul. 31, 2011
Estimated fair value of long-term debt	$ 1,173.4	$ 1,134.2
Ferrellgas, L.P. [Member]
Estimated fair value of long-term debt	$ 991.6	$ 941.3

Fair Value Measurements (Assets And Liabilities Fair Value Hierarchy) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Commodity derivatives propane swap assets	$ 1,049	$ 7,637
Commodity derivatives propane swap liabilities	(12,069)	(2,476)
Interest rate swap assets	7,784
Interest rate swap liabilities	(1,778)
Ferrellgas, L.P. [Member]
Commodity derivatives propane swap assets	1,049	7,637
Commodity derivatives propane swap liabilities	(12,069)	(2,476)
Interest rate swap assets	7,784
Interest rate swap liabilities	(1,778)
Level 2 [Member]
Commodity derivatives propane swap assets	1,049	7,637
Commodity derivatives propane swap liabilities	(12,069)	(2,476)
Interest rate swap assets	7,784
Interest rate swap liabilities	(1,778)
Level 2 [Member] \| Ferrellgas, L.P. [Member]
Commodity derivatives propane swap assets	1,049	7,637
Commodity derivatives propane swap liabilities	(12,069)	$ (2,476)
Interest rate swap assets	7,784
Interest rate swap liabilities	$ (1,778)

Derivative Instruments and Hedging Activities (Narrative) (Details) Unit13 in Millions	12 Months Ended
	Jul. 31, 2012 USD ($)	Jul. 31, 2011 USD ($)
Gain (loss) recognized in earnings related to hedge ineffectiveness	$ 0	$ 0
Reclassification of net gain to earnings during next 12 months	9,600,000
Reclassification of gain (loss) to earnings from discontinuance of cash flow hedges	$ 0	0
Number of barrels of propane covered by cash flow hedges	1.4
Derivative amount of credit risk	$ 800,000
Derivative, Net Liability Position, Aggregate Fair Value	4,700,000
Collateral Already Posted, Aggregate Fair Value	4,300,000
Additional Collateral, Aggregate Fair Value	0
Ferrellgas, L.P. [Member]
Gain (loss) recognized in earnings related to hedge ineffectiveness	0	0
Reclassification of net gain to earnings during next 12 months	9,600,000
Reclassification of gain (loss) to earnings from discontinuance of cash flow hedges	$ 0	$ 0
Number of barrels of propane covered by cash flow hedges	1.4
Derivative amount of credit risk	$ 800,000
Derivative, Net Liability Position, Aggregate Fair Value	4,700,000
Collateral Already Posted, Aggregate Fair Value	4,300,000
Additional Collateral, Aggregate Fair Value	$ 0

Derivative Instruments and Hedging Activities (Fair Value of Financial Derivatives Balance Sheet Locations) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management assets	$ 1,049	$ 7,637
Interest Rate Derivative Assets, at Fair Value	7,784
Derivative Asset, Fair Value, Gross Asset	8,833	7,637
Derivatives - Price risk management liabilities	12,069	2,476
Interest Rate Derivative Liabilities, at Fair Value	1,778
Derivative Liability, Fair Value, Gross Liability	13,847	2,476
Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management assets	1,049	7,637
Interest Rate Derivative Assets, at Fair Value	7,784
Derivative Asset, Fair Value, Gross Asset	8,833	7,637
Derivatives - Price risk management liabilities	12,069	2,476
Interest Rate Derivative Liabilities, at Fair Value	1,778
Derivative Liability, Fair Value, Gross Liability	13,847	2,476
Prepaid Expenses And Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management assets	1,049	7,637
Interest Rate Derivative Assets, at Fair Value	3,346
Prepaid Expenses And Other Current Assets [Member] \| Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management assets	1,049	7,637
Interest Rate Derivative Assets, at Fair Value	3,346
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management liabilities	12,069	2,476
Interest Rate Derivative Liabilities, at Fair Value	0
Other Current Liabilities [Member] \| Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Derivatives - Price risk management liabilities	12,069	$ 2,476
Interest Rate Derivative Liabilities, at Fair Value	0
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Derivative Assets, at Fair Value	4,438
Other Assets [Member] \| Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Derivative Assets, at Fair Value	4,438
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Derivative Liabilities, at Fair Value	1,778
Other Liabilities [Member] \| Ferrellgas, L.P. [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Derivative Liabilities, at Fair Value	$ 1,778

Derivative Instruments and Hedging Activities (Fair Value Interest Rate Derivative Income Location) (Details) - Interest Rate Swap [Member] - Interest Expense [Member] - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011
Derivative, Gain (Loss) on Derivative, Net	$ 757
Interest Expense, Debt	(21,875)	$ (21,875)
Ferrellgas, L.P. [Member]
Derivative, Gain (Loss) on Derivative, Net	757
Interest Expense, Debt	$ (21,875)	$ (21,875)

Derivative Instruments and Hedging Activities (Cash Flow Derivative Value Recorded in OCI and reclassified to Earnings) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Amount of gain (loss) recognized in AOCI(L) on derivative	$ (25,068)	$ 22,676
Amount of gain (loss) reclassified from AOCI(L)	7,108	(17,358)
Ferrellgas, L.P. [Member]
Amount of gain (loss) recognized in AOCI(L) on derivative	(25,068)	22,676
Amount of gain (loss) reclassified from AOCI(L)	7,108	(17,358)
Interest Rate Swap [Member]
Amount of gain (loss) recognized in AOCI(L) on derivative	(1,778)
Interest Rate Swap [Member] \| Ferrellgas, L.P. [Member]
Amount of gain (loss) recognized in AOCI(L) on derivative	(1,778)
Commodity Derivatives Propane [Member]
Amount of gain (loss) recognized in AOCI(L) on derivative	(23,290)	22,676	$ 12,063
Reclassification of gains (losses) from AOCI(L) to Cost of product sold - propane and other gas liquids	7,108	(17,358)	(11,231)
Commodity Derivatives Propane [Member] \| Ferrellgas, L.P. [Member]
Amount of gain (loss) recognized in AOCI(L) on derivative	(23,290)	22,676	12,063
Reclassification of gains (losses) from AOCI(L) to Cost of product sold - propane and other gas liquids	$ 7,108	$ (17,358)	$ (11,231)

Derivative Instruments and Hedging Activities (Changes in Derivative Value Effect on Other Comprehensive Income Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
OtherComprehensiveIncomeLossNetOfTax			$ 788
Net earnings on risk management derivatives	$ (25,068)	$ 22,676
OtherComprehensiveIncomeLossNetOfTax			788
Ferrellgas, L.P. [Member]
OtherComprehensiveIncomeLossNetOfTax		5,100	788
Net earnings on risk management derivatives	(25,068)	22,676
OtherComprehensiveIncomeLossNetOfTax		5,100	788
Interest Rate Swap [Member]
Net earnings on risk management derivatives	(1,778)
Interest Rate Swap [Member] \| Ferrellgas, L.P. [Member]
Net earnings on risk management derivatives	(1,778)
Commodity Derivatives Propane [Member]
Net earnings on risk management derivatives	(23,290)	22,676	12,063
Reclassification of gains (losses) from AOCI(L) to Cost of product sold - propane and other gas liquids	7,108	(17,358)	(11,231)
Commodity Derivatives Propane [Member] \| Ferrellgas, L.P. [Member]
Net earnings on risk management derivatives	(23,290)	22,676	12,063
Reclassification of gains (losses) from AOCI(L) to Cost of product sold - propane and other gas liquids	7,108	(17,358)	(11,231)
Derivative [Member]
OtherComprehensiveIncomeLossNetOfTax	(12,799)	5,161	(157)	$ (989)
OtherComprehensiveIncomeLossNetOfTax	(12,799)	5,161	(157)	(989)
Derivative [Member] \| Ferrellgas, L.P. [Member]
OtherComprehensiveIncomeLossNetOfTax	(12,799)	5,161	(157)	(989)
OtherComprehensiveIncomeLossNetOfTax	$ (12,799)	$ 5,161	$ (157)	$ (989)

Transactions With Related Parties (Narrative) (Details) - Jul. 31, 2012	Total	employee
Number of employees	0	0
Ferrellgas, L.P. [Member]
Number of employees	0	0

Transactions With Related Parties (Allocation Of Transactions With Related Parties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Related Party Transaction [Line Items]
General and administrative expense	$ 43,212	$ 61,891	$ 51,772
Ferrellgas, L.P. [Member]
Related Party Transaction [Line Items]
General and administrative expense	43,212	61,891	51,772
Compensation And Benefits [Member]
Related Party Transaction [Line Items]
Operating expense	198,576	206,276	224,974
General and administrative expense	26,213	26,777	24,620
Compensation And Benefits [Member] \| Ferrellgas, L.P. [Member]
Related Party Transaction [Line Items]
Operating expense	198,576	206,276	224,974
General and administrative expense	$ 26,213	$ 26,777	$ 24,620

Contingencies And Commitments (Narrative) (Details) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 31, 2012	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010	Mar. 31, 2011	Nov. 30, 2010	Nov. 24, 2010
Contingencies And Commitments [Line Items]
Payment for legal claims	$ 10,000,000
Prepayment premium for early extinguishment of debt			$ (46,962,000)	$ (20,716,000)
Accrued interest		$ 19,945,000	19,779,000
Ferrellgas, L.P. [Member]
Contingencies And Commitments [Line Items]
Payment for legal claims	$ 10,000,000
Prepayment premium for early extinguishment of debt			(36,449,000)	(17,308,000)
Accrued interest		$ 17,938,000	$ 17,773,000
Fixed Rate, 8.625%, Due 2020 [Member]
Contingencies And Commitments [Line Items]
Debt instrument, maturity year			2020
Debt redeemed			$ 98,000,000		$ 98,000,000
Make-whole payments			8,400,000		8,400,000
Accrued interest			$ 2,400,000
Fixed Rate, 8.625%, Due 2020 [Member] \| Ferrellgas Partners Finance Corp. [Member]
Contingencies And Commitments [Line Items]
Senior notes, principal amount					$ 280,000,000
Debt instrument, maturity year					2020
Debt redeemed					$ 98,000,000
Make-whole payments					$ 8,400,000
Debt instrument, interest rate					8.625%
Accrued interest					$ 2,400,000
Fixed Rate, 8.625%, Due 2020 [Member] \| Ferrellgas, L.P. [Member]
Contingencies And Commitments [Line Items]
Debt instrument, maturity year			2020
Debt redeemed			$ 98,000,000
Fixed Rate, 6.75%, Due 2014 [Member]
Contingencies And Commitments [Line Items]
Debt instrument, maturity year						2014
Debt redeemed						$ 450,000,000
Make-whole payments						$ 11,100,000
Fixed Rate, 6.75%, Due 2014 [Member] \| Ferrellgas, L.P. [Member]
Contingencies And Commitments [Line Items]
Debt instrument, maturity year						2014
Debt redeemed						$ 450,000,000
Make-whole payments						$ 11,100,000
Fixed Rate, 6.75%, Due 2014 [Member] \| Ferrellgas Finance Corp. [Member]
Contingencies And Commitments [Line Items]
Debt instrument, maturity year						2014
Debt redeemed						$ 450,000,000
Make-whole payments						$ 11,100,000
Debt instrument, interest rate						6.75%
Accrued interest						$ 2,400,000
Fixed Rate, 6.50%, Due 2021 [Member]
Contingencies And Commitments [Line Items]
Debt instrument, maturity year							2021
Debt redeemed			500,000,000
Fixed Rate, 6.50%, Due 2021 [Member] \| Ferrellgas, L.P. [Member]
Contingencies And Commitments [Line Items]
Debt instrument, maturity year							2021
Debt redeemed			500,000,000
Fixed Rate, 6.50%, Due 2021 [Member] \| Ferrellgas Finance Corp. [Member]
Contingencies And Commitments [Line Items]
Senior notes, principal amount						$ 500,000,000
Principal amount of debt, commenced offer to exchange			$ 500,000,000
Debt instrument, maturity year			2021			2021
Debt instrument, interest rate			6.50%			6.50%
Transportation Equipment [Member]
Contingencies And Commitments [Line Items]
Transportation equipment lease expiration period		5 years
Fair value of residual guarantees		$ 800,000
Residual value of leased assets		$ 3,700,000
Transportation Equipment [Member] \| Ferrellgas, L.P. [Member]
Contingencies And Commitments [Line Items]
Transportation equipment lease expiration period		5 years
Fair value of residual guarantees		$ 800,000
Residual value of leased assets		$ 3,700,000
Property And Equipment [Member]
Contingencies And Commitments [Line Items]
Non-cancelable operating leases, expiration year		2024
Rental expense		$ 31,700,000	$ 33,300,000	33,700,000
Property And Equipment [Member] \| Ferrellgas, L.P. [Member]
Contingencies And Commitments [Line Items]
Non-cancelable operating leases, expiration year		2024
Rental expense		$ 31,700,000	$ 33,300,000	$ 33,700,000

Contingencies And Commitments (Contractual Operating Lease Commitments And Buyouts) (Details) $ in Thousands	Jul. 31, 2012 USD ($)
Operating Lease Obligations [Member]
Operating Leased Assets [Line Items]
2013	$ 23,236
2014	17,423
2015	14,003
2016	11,572
2017	8,869
Thereafter	8,925
Operating Lease Obligations [Member] \| Ferrellgas, L.P. [Member]
Operating Leased Assets [Line Items]
2013	23,236
2014	17,423
2015	14,003
2016	11,572
2017	8,869
Thereafter	8,925
Operating Lease Buyouts [Member]
Operating Leased Assets [Line Items]
2013	1,428
2014	1,876
2015	795
2016	1,017
2017	1,221
Thereafter	5,631
Operating Lease Buyouts [Member] \| Ferrellgas, L.P. [Member]
Operating Leased Assets [Line Items]
2013	1,428
2014	1,876
2015	795
2016	1,017
2017	1,221
Thereafter	$ 5,631

Employee Benefits (Details) $ in Thousands	12 Months Ended
Employee Benefits (Details) $ in Thousands	Jul. 31, 2012 USD ($)	Jul. 31, 2011 USD ($)	Jul. 31, 2010 USD ($)	Jul. 31, 2012	Jul. 31, 2012 employee
Number of employees				0	0
Non-cash compensation charges	$ 9,440	$ 10,157	$ 9,322
Matching contributions	2,900	3,100	3,200
Other comprehensive income and other liabilities adjustment	38	200	46
Ferrellgas, L.P. [Member]
Number of employees				0	0
Non-cash compensation charges	9,440	10,157	9,322
Matching contributions	2,900	3,100	3,200
Other comprehensive income and other liabilities adjustment	$ 38	$ 200	$ 46

Net Earnings (Loss) Per Common Unitholders' Interest (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Oct. 31, 2011	Jul. 31, 2011	Apr. 30, 2011	Jan. 31, 2011	Oct. 31, 2010	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Net Earnings (Loss) Per Common Unitholders' Interest [Abstract]
Common unitholders' interest in net earnings (loss)	$ (35,173)	$ 20,599	$ 36,010	$ (32,278)	$ (35,173)	$ 20,599	$ 36,010	$ (32,278)	$ (10,842)	$ (43,212)	$ 32,382
Weighted average common units outstanding									77,572,400	72,313,600	69,241,700
Dilutive securities											131,800
Weighted Average Number of Shares Outstanding, Basic and Diluted									77,572,400	72,313,600	69,373,500
Basic and diluted net earnings (loss) per common unitholders' interest	$ (0.45)	$ 0.26	$ 0.47	$ (0.42)	$ (0.45)	$ 0.26	$ 0.47	$ (0.42)	$ (0.14)	$ (0.60)	$ 0.47

- Definition

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

- Definition

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.

+ References

Reference 1: 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 2: 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=7655603&loc=d3e1448-109256

Reference 3: 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 4: 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.

Reference 5: 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 6: 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 7: 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.

+ Details

Quarterly Data (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Jul. 31, 2012

Apr. 30, 2012

Jan. 31, 2012

Oct. 31, 2011

Jul. 31, 2011

Apr. 30, 2011

Jan. 31, 2011

Oct. 31, 2010

Jul. 31, 2012

Jul. 31, 2011

Jul. 31, 2010

Revenues

$ 341,775

$ 629,619

$ 829,272

$ 538,426

$ 341,775

$ 629,619

$ 829,272

$ 538,426

$ 2,339,092

$ 2,423,215

$ 2,099,060

Gross margin from propane and other gas liquids sales

113,872

155,123

178,967

111,097

113,872

^[1]

155,123

^[1]

178,967

^[1]

111,097

^[1]

Net earnings (loss)

(35,850)

21,062

36,787

(32,895)

(35,850)

21,062

36,787

(32,895)

(10,896)

(43,760)

33,339

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

(35,529)

20,807

36,374

(32,604)

(35,529)

20,807

36,374

(32,604)

(10,952)

(43,648)

32,709

Common unitholders' interest in net earnings (loss)

$ (35,173)

$ 20,599

$ 36,010

$ (32,278)

$ (35,173)

$ 20,599

$ 36,010

$ (32,278)

$ (10,842)

$ (43,212)

$ 32,382

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

$ (0.45)

$ 0.26

$ 0.47

$ (0.42)

$ (0.45)

$ 0.26

$ 0.47

$ (0.42)

$ (0.14)

$ (0.60)

$ 0.47

Loss on extinguishment of debt

$ 10,600

$ 36,400

$ 27,463

Loss on extinguishment of debt, per share

$ 0.14

$ 0.50

Legal fees

$ 10,500

Legal fees, per share

$ 0.14

Ferrellgas Partners, L.P. [Member]

Loss on extinguishment of debt

$ 10,500

$ 36,100

Legal fees

10,400

Common Unitholders [Member]

Loss on extinguishment of debt

10,400

35,700

Legal fees

10,300

Ferrellgas, L.P. [Member]

Revenues

$ 341,775

$ 629,619

$ 829,272

$ 538,426

$ 341,775

629,619

829,272

$ 538,426

$ 2,339,092

2,423,215

$ 2,099,060

Gross margin from propane and other gas liquids sales

113,872

155,123

178,967

111,097

113,872

^[2]

155,123

^[2]

178,967

^[2]

111,097

^[2]

Net earnings (loss)

$ (31,746)

$ 25,253

40,884

$ (28,802)

$ (31,746)

25,253

$ 40,884

$ (28,802)

$ 5,589

(11,062)

$ 62,361

Loss on extinguishment of debt

$ 36,400

$ 25,403

Legal fees

$ 10,500

[1]

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.

[2]

For the year ended July 31, 2011FirstquarterSecondquarter (b)Thirdquarter (c)FourthquarterRevenues$ 400,192$ 840,992$ 732,373$ 449,658Gross margin from propane and other gas liquids sales (a) 112,137 214,763 164,608 111,405Net earnings (loss)$ (21,999)$ 28,688$ 19,416$ (37,167)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.

Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Deferred tax expense (benefit)	$ 913,000	$ 751,000	$ 439,000
Deferred tax asset	1,158,000	992,000
Ferrellgas Partners Finance Corp. [Member]
Deferred Tax Assets, Operating Loss Carryforwards	4,270
Net operating loss carryforward	$ 10,977
Net operating loss carryforward, expiration date	July 31, 2032
Valuation allowance provided for deferred tax asset	$ 4,270
Deferred tax expense (benefit)	0	0	0
Deferred tax asset	0	0
Ferrellgas Finance Corp. [Member]
Deferred Tax Assets, Operating Loss Carryforwards	15,101
Net operating loss carryforward	$ 38,821
Net operating loss carryforward, expiration date	July 31, 2032
Valuation allowance provided for deferred tax asset	$ 15,101
Deferred tax expense (benefit)	0	0	$ 0
Deferred tax asset	$ 0	$ 0

- Definition

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.

+ References

+ Details

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Balance Sheet) (Details) - USD ($) $ in Thousands	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009
ASSETS
Cash and cash equivalents	$ 8,429	$ 7,437	$ 11,401	$ 7,066
Prepaid expenses and other current assets	29,315	23,885
Other assets, net	43,320	38,308
Total assets	1,397,279	1,460,586
LIABILITIES AND PARTNERS' CAPITAL
Other current liabilities	122,667	104,813
Long-term debt	1,059,085	1,050,920
Partners' capital (deficit)
Common unitholders	43,701	139,614
General partner	(59,630)	(58,660)
Accumulated other comprehensive income (loss)	(13,159)	4,633
Total partners' capital (deficit)	(27,526)	88,317	85,902	151,345
Total liabilities and partners' capital (deficit)	1,397,279	1,460,586
Parent Company [Member]
ASSETS
Cash and cash equivalents	211	95	$ 12	$ 16
Prepaid expenses and other current assets	40	18
Investment in Ferrellgas, L.P.	151,578	265,956
Other assets, net	3,366	3,657
Total assets	155,195	269,726
LIABILITIES AND PARTNERS' CAPITAL
Other current liabilities	2,283	2,139
Long-term debt	182,000	182,000
Partners' capital (deficit)
Common unitholders	43,701	139,614
General partner	(59,630)	(58,660)
Accumulated other comprehensive income (loss)	(13,159)	4,633
Total partners' capital (deficit)	(29,088)	85,587
Total liabilities and partners' capital (deficit)	$ 155,195	$ 269,726

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Balance Sheets) (Parenthetical) (Details) - shares	Jul. 31, 2012	Jul. 31, 2011
Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows [Abstract]
Common unitholders, units outstanding	79,006,619	75,966,353
General partner unitholder, units outstanding	798,047	767,337

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Statement Of Earnings) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Oct. 31, 2011	Jul. 31, 2011	Apr. 30, 2011	Jan. 31, 2011	Oct. 31, 2010	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Condensed Financial Statements, Captions [Line Items]
Operating expense									$ 401,727	$ 411,038	$ 409,014
Operating income									82,980	105,761	158,363
Interest expense									(93,254)	(101,885)	(101,284)
Loss on extinguishment of debt										(46,962)	(20,716)
Other income (expense), net									506	567	(1,108)
Income tax expense									1,128	1,241	1,916
Net earnings (loss)	$ (35,850)	$ 21,062	$ 36,787	$ (32,895)	$ (35,850)	$ 21,062	$ 36,787	$ (32,895)	(10,896)	(43,760)	33,339
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Equity in earnings (loss) of Ferrellgas, L.P.									5,533	(10,950)	61,731
Operating expense									(350)	(358)	(424)
Operating income									5,183	(11,308)	61,307
Interest expense									(16,127)	(21,811)	(24,498)
Loss on extinguishment of debt										(10,513)	(3,408)
Other income (expense), net									0	0	(666)
Income tax expense									(8)	(16)	(26)
Net earnings (loss)									$ (10,952)	$ (43,648)	$ 32,709

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Oct. 31, 2011	Jul. 31, 2011	Apr. 30, 2011	Jan. 31, 2011	Oct. 31, 2010	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Cash flows from operating activities:
Net earnings (loss)	$ (35,850)	$ 21,062	$ 36,787	$ (32,895)	$ (35,850)	$ 21,062	$ 36,787	$ (32,895)	$ (10,896)	$ (43,760)	$ 33,339
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Other									2,327	4,362	2,196
Net cash provided by (used in) operating activities									124,403	117,561	134,630
Cash flows from investing activities:
Net cash used in investing activities									(53,948)	(51,063)	(81,328)
Cash flows from financing activities:
Distributions										(147,785)	(141,721)
Cash paid for financing costs									(3,607)	(9,886)	(22,073)
Proceeds from increase in long-term debt									49,697	564,807	936,861
Payments on long-term debt									(52,885)	(650,285)	(844,955)
Proceeds from exercise of common unit options									891	544	1,189
Net cash provided by (used in) financing activities									(69,411)	(70,464)	(48,969)
Change in cash									992	(3,964)	4,335
Cash and cash equivalents - beginning of year				7,437				11,401	7,437	11,401	7,066
Cash and cash equivalents - end of year	8,429				7,437				8,429	7,437	11,401
Parent Company [Member]
Cash flows from operating activities:
Net earnings (loss)									(10,952)	(43,648)	32,709
Reconciliation of net earnings (loss) to net cash provided by operating activities:
Other									398	1,509	1,182
Equity in (earnings) loss of Ferrellgas, L.P.									(5,533)	10,950	(61,731)
Net cash provided by (used in) operating activities									(16,087)	(31,189)	(27,840)
Cash flows from investing activities:
Distributions received from Ferrellgas, L.P.									172,218	272,777	191,822
Cash contributed to Ferrellgas, L.P.									(50,700)	(157,680)	(51,300)
Net cash used in investing activities									121,518	115,097	140,522
Cash flows from financing activities:
Distributions									(156,520)	(145,002)	(139,763)
Cash paid for financing costs									(135)	(173)	(6,275)
Proceeds from increase in long-term debt											280,000
Payments on long-term debt										(98,000)	(268,000)
Issuance of common units (net of issuance costs of $62, $300, and $18 for the years ended July 31, 2012, 2011 and 2010, respectively									49,938	157,212	19,949
Proceeds from exercise of common unit options									891	544	1,189
Other									511	1,594	214
Net cash provided by (used in) financing activities									(105,315)	(83,825)	(112,686)
Change in cash									116	83	(4)
Cash and cash equivalents - beginning of year				$ 95				$ 12	95	12	16
Cash and cash equivalents - end of year	$ 211				$ 95				$ 211	$ 95	$ 12

Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows (Cash Flows) (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Schedule I Parent Only Balance Sheets, Statements Of Earnings And Cash Flows [Abstract]
Issuance costs	$ 62	$ 300	$ 18

Schedule II Valuation And Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010
Allowance For Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	$ 4,310	$ 5,010	$ 4,294
Charged to cost / expenses	4,822	5,174	7,821
Other additions	(5,320)	(6,874)	(7,105)
Balance at end of period	3,812	4,310	5,010
Allowance For Doubtful Accounts [Member] \| Ferrellgas, L.P. [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	4,310	5,010	4,294
Charged to cost / expenses	4,822	5,174	7,821
Deductions (amounts charged-off)	(5,320)	(6,874)	(7,105)
Balance at end of period	$ 3,812	4,310	$ 5,010
Adjustments for Change in Accounting Principle [Domain]
Valuation and Qualifying Accounts Disclosure [Line Items]
Other additions		1,000
Adjustments for Change in Accounting Principle [Domain] \| Ferrellgas, L.P. [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Deductions (amounts charged-off)		$ 1,000