Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Sep. 30, 2013 | Nov. 15, 2013 | Mar. 31, 2013 | |
Entity Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'AMERIGAS PARTNERS LP | ' | ' |
Entity Central Index Key | '0000932628 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Current Fiscal Year End Date | '--09-30 | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $1,774,405,258 |
Entity Common Stock, Shares Outstanding | ' | 92,827,774 | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $12,635 | $60,102 |
Accounts receivable (less allowances for doubtful accounts of $18,552 and $17,217, respectively) | 290,701 | 266,677 |
Accounts receivable — related parties | 1,509 | 970 |
Inventories | 158,928 | 163,746 |
Derivative financial instruments | 18,036 | 1,478 |
Prepaid expenses and other current assets | 18,883 | 30,395 |
Total current assets | 500,692 | 523,368 |
Property, plant and equipment (less accumulated depreciation and amortization of $1,231,688 and $1,075,528, respectively) | 1,437,514 | 1,499,225 |
Goodwill | 1,936,608 | 1,914,808 |
Intangible assets | 493,649 | 535,996 |
Other assets | 41,383 | 43,934 |
Total assets | 4,409,846 | 4,517,331 |
Current liabilities: | ' | ' |
Current maturities of long-term debt | 12,014 | 30,706 |
Bank loans | 116,900 | 49,900 |
Accounts payable — trade | 170,705 | 170,424 |
Accounts payable — related parties | 1,071 | 2,012 |
Employee compensation and benefits accrued | 44,671 | 48,894 |
Interest accrued | 49,013 | 49,714 |
Customer deposits and advances | 128,122 | 167,614 |
Derivative financial instruments | 135 | 42,347 |
Other current liabilities | 94,343 | 109,234 |
Total current liabilities | 616,974 | 670,845 |
Long-term debt | 2,288,097 | 2,297,363 |
Other noncurrent liabilities | 80,638 | 80,563 |
Total liabilities | 2,985,709 | 3,048,771 |
Commitments and contingencies (Note 12) | ' | ' |
AmeriGas Partners, L.P. partners’ capital: | ' | ' |
Common unitholders (units issued — 92,824,539 and 92,801,347, respectively) | 1,354,187 | 1,455,702 |
General partner | 15,930 | 16,975 |
Accumulated other comprehensive income (loss) | 14,986 | -43,569 |
Total AmeriGas Partners, L.P. partners’ capital | 1,385,103 | 1,429,108 |
Noncontrolling interest | 39,034 | 39,452 |
Total partners’ capital | 1,424,137 | 1,468,560 |
Total liabilities and partners’ capital | $4,409,846 | $4,517,331 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Current assets: | ' | ' |
Allowances for doubtful accounts | $18,552 | $17,217 |
Depreciation and amortization on property, plant and equipment | $1,231,688 | $1,075,528 |
Partners’ capital: | ' | ' |
Common units, issued | 92,824,539 | 92,801,347 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Revenues: | ' | ' | ' | |
Propane | $2,884,766 | $2,677,631 | $2,360,439 | |
Other | 281,777 | 243,985 | 177,520 | |
Revenues | 3,166,543 | 2,921,616 | 2,537,959 | |
Costs and expenses: | ' | ' | ' | |
Cost of sales — propane (excluding depreciation shown below) | 1,571,574 | 1,642,658 | 1,546,161 | |
Cost of sales — other (excluding depreciation shown below) | 88,479 | 77,071 | 59,126 | |
Operating and administrative expenses | 943,928 | 888,693 | 620,576 | |
Depreciation | 159,306 | 134,225 | 82,977 | |
Amortization | 43,565 | 34,898 | 11,733 | |
Other income, net | -32,503 | -26,521 | -25,563 | |
Costs and expenses | 2,774,349 | 2,751,024 | 2,295,010 | |
Operating income | 392,194 | 170,592 | 242,949 | |
Loss on extinguishments of debt | 0 | -13,349 | -38,117 | |
Interest expense | -165,432 | -142,641 | -63,518 | |
Income before income taxes | 226,762 | 14,602 | 141,314 | |
Income tax expense | -1,671 | -1,931 | -390 | |
Net income | 225,091 | 12,671 | 140,924 | |
Less: net income attributable to noncontrolling interest | -3,869 | -1,646 | -2,401 | |
Net income attributable to AmeriGas Partners, L.P. | 221,222 | 11,025 | 138,523 | |
General partner’s interest in net income attributable to AmeriGas Partners, L.P. | 21,498 | 13,119 | 6,422 | |
Limited partners’ interest in net income attributable to AmeriGas Partners, L.P. | $199,724 | ($2,094) | $132,101 | |
Income (loss) per limited partner unit — basic (Note 2) | 2.14 | -0.11 | 2.3 | |
Income (loss) per limited partner unit — diluted (Note 2) | 2.14 | -0.11 | 2.3 | |
Average limited partner units outstanding (thousands): | ' | ' | ' | |
Basic (in dollars per unit) | 92,832 | 81,433 | [1] | 57,119 |
Diluted (in dollars per unit) | 92,910 | 81,433 | [1] | 57,170 |
[1] | There were 58 potentially dilutive Common Units excluded from the calculation because of the net loss attributable under the two-class method. |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Statement of Other Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $225,091 | $12,671 | $140,924 |
Other comprehensive income (loss): | ' | ' | ' |
Net gains (losses) on derivative instruments | 6,647 | -86,573 | 22,275 |
Reclassifications of net losses (gains) on derivative instruments | 52,503 | 47,569 | -32,243 |
Other comprehensive income (loss) | 59,150 | -39,004 | -9,968 |
Total comprehensive income (loss) | 284,241 | -26,333 | 130,956 |
Less: comprehensive income attributable to noncontrolling interest | -4,464 | -1,251 | -2,270 |
Comprehensive income (loss) attributable to AmeriGas Partners, L.P. | $279,777 | ($27,584) | $128,686 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net income | $225,091 | $12,671 | $140,924 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 202,871 | 169,123 | 94,710 |
Provision for uncollectible accounts | 16,477 | 15,088 | 12,807 |
Loss on extinguishments of debt | 0 | 13,349 | 38,117 |
Other, net | -5,100 | 1,019 | -2,812 |
Net change in: | ' | ' | ' |
Accounts receivable | -43,378 | 78,703 | -65,578 |
Inventories | 5,403 | 53,061 | -20,532 |
Accounts payable | -661 | -34,577 | 25,690 |
Other current assets | -2,305 | 11,863 | 2,912 |
Other current liabilities | -42,795 | 24,129 | -37,387 |
Net cash provided by operating activities | 355,603 | 344,429 | 188,851 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Expenditures for property, plant and equipment | -111,058 | -103,140 | -77,228 |
Proceeds from disposals of assets | 22,113 | 8,082 | 5,131 |
Acquisitions of businesses, net of cash acquired | -19,946 | -1,425,002 | -34,032 |
Net cash used by investing activities | -108,891 | -1,520,060 | -106,129 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Distributions | -327,000 | -271,839 | -171,821 |
Proceeds from issuance of Common Units | 0 | 276,562 | 0 |
Noncontrolling interest activity | -4,882 | -2,979 | -1,485 |
Increase (decrease) in bank loans | 67,000 | -45,600 | 4,500 |
Issuance of long-term debt | 0 | 1,524,174 | 904,332 |
Repayment of long-term debt | -30,531 | -256,992 | -817,976 |
Proceeds associated with equity based compensation plans, net of tax withheld | 1,221 | 951 | 616 |
Capital contributions from General Partner | 13 | 2,824 | 18 |
Net cash (used) provided by financing activities | -294,179 | 1,227,101 | -81,816 |
Cash and cash equivalents (decrease) increase | -47,467 | 51,470 | 906 |
CASH AND CASH EQUIVALENTS: | ' | ' | ' |
End of year | 12,635 | 60,102 | 8,632 |
Beginning of year | 60,102 | 8,632 | 7,726 |
(Decrease) increase | -47,467 | 51,470 | 906 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ' | ' | ' |
Cash paid for interest | $161,562 | $104,248 | $66,269 |
Consolidated_Statements_of_Par
Consolidated Statements of Partner's Capital (USD $) | 3 Months Ended | 12 Months Ended | |||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | $1,468,560 | ' | $351,479 | $1,468,560 | $351,479 | $392,886 |
Net income | -54,184 | 98,043 | -76,398 | 43,113 | 225,091 | 12,671 | 140,924 |
Net gains (losses) on derivative instruments | ' | ' | ' | ' | 6,647 | -86,573 | 22,275 |
Reclassifications of net losses (gains) on derivative instruments | ' | ' | ' | ' | 52,503 | 47,569 | -32,243 |
Distributions | ' | ' | ' | ' | -331,882 | -275,831 | -174,093 |
Unit-based compensation expense | ' | ' | ' | ' | 3,472 | 6,832 | 1,497 |
Common Units issued in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | 1,132,628 | ' |
General Partner contribution of Common Units to AmeriGas OLP in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | 0 | ' |
General Partner contribution of Common Units to AmeriGas Partners, L.P. in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | 0 | ' |
Common Units issued in connection with public offering | ' | ' | ' | ' | ' | 279,362 | ' |
General Partner contribution to AmeriGas Propane, L.P. | ' | ' | ' | ' | ' | 1,013 | 787 |
Common Units issued in connection with employee and director plans, net of tax withheld | ' | ' | ' | ' | -254 | -590 | -554 |
Ending Balance | 1,424,137 | ' | 1,468,560 | ' | 1,424,137 | 1,468,560 | 351,479 |
Noncontrolling Interests [Member] | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | 39,452 | ' | 12,823 | 39,452 | 12,823 | 12,038 |
Net income | ' | ' | ' | ' | 3,869 | 1,646 | 2,401 |
Net gains (losses) on derivative instruments | ' | ' | ' | ' | 64 | -874 | 225 |
Reclassifications of net losses (gains) on derivative instruments | ' | ' | ' | ' | 531 | 479 | -356 |
Distributions | ' | ' | ' | ' | -4,882 | -3,992 | -2,272 |
General Partner contribution of Common Units to AmeriGas OLP in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | 28,357 | ' |
General Partner contribution to AmeriGas Propane, L.P. | ' | ' | ' | ' | ' | 1,013 | 787 |
Common Units issued in connection with employee and director plans, net of tax withheld | ' | ' | ' | ' | ' | 0 | ' |
Ending Balance | 39,034 | ' | 39,452 | ' | 39,034 | 39,452 | 12,823 |
Total AmeriGas Partners, L.P. partners' capital [Member] | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | 1,429,108 | ' | 338,656 | 1,429,108 | 338,656 | 380,848 |
Net income | ' | ' | ' | ' | 221,222 | 11,025 | 138,523 |
Net gains (losses) on derivative instruments | ' | ' | ' | ' | 6,583 | -85,699 | 22,050 |
Reclassifications of net losses (gains) on derivative instruments | ' | ' | ' | ' | 51,972 | 47,090 | -31,887 |
Distributions | ' | ' | ' | ' | -327,000 | -271,839 | -171,821 |
Unit-based compensation expense | ' | ' | ' | ' | 3,472 | 6,832 | 1,497 |
Common Units issued in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | 1,132,628 | ' |
General Partner contribution of Common Units to AmeriGas OLP in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | -28,357 | ' |
General Partner contribution of Common Units to AmeriGas Partners, L.P. in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | 0 | ' |
Common Units issued in connection with public offering | ' | ' | ' | ' | ' | 279,362 | ' |
General Partner contribution to AmeriGas Propane, L.P. | ' | ' | ' | ' | ' | ' | ' |
Common Units issued in connection with employee and director plans, net of tax withheld | ' | ' | ' | ' | -254 | -590 | -554 |
Ending Balance | 1,385,103 | ' | 1,429,108 | ' | 1,385,103 | 1,429,108 | 338,656 |
Common [Member] | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | 1,455,702 | ' | 340,180 | 1,455,702 | 340,180 | 372,220 |
Beginning Balance (in units) | ' | 92,801,347 | ' | 57,124,296 | 92,801,347 | 57,124,296 | 57,088,509 |
Net income | ' | ' | ' | ' | 199,724 | -2,094 | 132,101 |
Distributions | ' | ' | ' | ' | -304,444 | -256,112 | -165,066 |
Unit-based compensation expense | ' | ' | ' | ' | 3,472 | 6,832 | 1,497 |
Common Units issued in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | 1,132,628 | ' |
Common Units issued in connection with the Heritage Acquisition (in units) | ' | ' | ' | ' | ' | 29,567,362 | ' |
General Partner contribution of Common Units to AmeriGas OLP in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | -28,357 | ' |
General Partner contribution of Common Units to AmeriGas OLP in connection with the Heritage Acquisition (in units) | ' | ' | ' | ' | ' | -635,667 | ' |
General Partner contribution of Common Units to AmeriGas Partners, L.P. in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | -13,323 | ' |
General Partner contribution of Common Units to AmeriGas Partners, L.P. in connection with the Heritage Acquisition (in units) | ' | ' | ' | ' | ' | -298,660 | ' |
Common Units issued in connection with public offering | ' | ' | ' | ' | ' | 276,562 | ' |
Common Units issued in connection with public offering (in units) | ' | ' | ' | ' | ' | 7,000,000 | ' |
Common Units issued in connection with employee and director plans, net of tax withheld | ' | ' | ' | ' | -267 | -614 | -572 |
Common Units issued in connection with incentive compensation plans, net of tax withheld (in units) | ' | ' | ' | ' | 23,192 | 44,016 | 35,787 |
Ending Balance | 1,354,187 | ' | 1,455,702 | ' | 1,354,187 | 1,455,702 | 340,180 |
Ending Balance (in units) | 92,824,539 | ' | 92,801,347 | ' | 92,824,539 | 92,801,347 | 57,124,296 |
General partner [Member] | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | 16,975 | ' | 3,436 | 16,975 | 3,436 | 3,751 |
Net income | ' | ' | ' | ' | 21,498 | 13,119 | 6,422 |
Distributions | ' | ' | ' | ' | -22,556 | -15,727 | -6,755 |
General Partner contribution of Common Units to AmeriGas Partners, L.P. in connection with the Heritage Acquisition | ' | ' | ' | ' | ' | 13,323 | ' |
Common Units issued in connection with public offering | ' | ' | ' | ' | ' | 2,800 | ' |
Common Units issued in connection with employee and director plans, net of tax withheld | ' | ' | ' | ' | 13 | 24 | 18 |
Ending Balance | 15,930 | ' | 16,975 | ' | 15,930 | 16,975 | 3,436 |
Accumulated other comprehensive income (loss) [Member] | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | -43,569 | ' | -4,960 | -43,569 | -4,960 | 4,877 |
Net gains (losses) on derivative instruments | ' | ' | ' | ' | 6,583 | -85,699 | 22,050 |
Reclassifications of net losses (gains) on derivative instruments | ' | ' | ' | ' | 51,972 | 47,090 | -31,887 |
Ending Balance | $14,986 | ' | ($43,569) | ' | $14,986 | ($43,569) | ($4,960) |
Nature_of_Operations
Nature of Operations | 12 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Nature of Operations | ' |
Nature of Operations | |
AmeriGas Partners, L.P. (“AmeriGas Partners”) is a publicly traded limited partnership that conducts a national propane distribution business through its principal operating subsidiary AmeriGas Propane, L.P. (“AmeriGas OLP”) and, prior to its merger with and into AmeriGas OLP in July 2013, AmeriGas OLP’s principal operating subsidiary Heritage Operating, L.P. (“HOLP”). In addition, from January 12, 2012, through the date of its merger with and into AmeriGas OLP in August 2012, we also conducted business through AmeriGas OLP’s operating subsidiary, Titan Propane LLC (“Titan LLC”). HOLP and Titan LLC (collectively “Heritage Propane”) were acquired on January 12, 2012, from Energy Transfer Partners (“ETP”) (see Note 4 for additional information about the acquisition of Heritage Propane). AmeriGas OLP, along with HOLP and Titan LLC (prior to their mergers with and into AmeriGas OLP) are referred to herein as the “Operating Partnership.” AmeriGas Partners and AmeriGas OLP are Delaware limited partnerships. AmeriGas Partners, the Operating Partnership and all of their subsidiaries are collectively referred to herein as “the Partnership” or “we.” | |
The Operating Partnership is engaged in the distribution of propane and related equipment and supplies. The Operating Partnership comprises the largest retail propane distribution business in the United States serving residential, commercial, industrial, motor fuel and agricultural customers in all 50 states. | |
At September 30, 2013, AmeriGas Propane, Inc. (the “General Partner”), an indirect wholly owned subsidiary of UGI Corporation (“UGI”), held a 1% general partner interest in AmeriGas Partners and a 1.01% general partner interest in AmeriGas OLP. The General Partner and its wholly owned subsidiary, Petrolane Incorporated (“Petrolane,” a predecessor company of the Partnership), also owned 23,756,882 AmeriGas Partners Common Units (“Common Units”). The remaining Common Units outstanding comprise 47,000,295 publicly held Common Units and 22,067,362 Common Units held by a subsidiary of Energy Transfer Partners, L.P. (“ETP”). AmeriGas Partners issued 29,567,362 Common Units to ETP in conjunction with the January 2012 acquisition of Heritage Propane from ETP (see Note 4). In July 2013, ETP sold 7,500,000 of the Common Units it held in an underwritten public offering, pursuant to its registration rights in its unitholder agreement. AmeriGas Partners did not receive any proceeds from the sale of the Common Units by ETP. The Common Units represent limited partner interests in AmeriGas Partners. AmeriGas Partners holds a 99% limited partner interest in AmeriGas OLP. | |
AmeriGas Partners and the Operating Partnership have no employees. Employees of the General Partner conduct, direct and manage our operations. The General Partner is reimbursed monthly for all direct and indirect expenses it incurs on our behalf (see Note 13). |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Significant Accounting Policies | ' | |||||||||||
Significant Accounting Policies | ||||||||||||
Basis of Presentation. Our financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). | ||||||||||||
The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and costs. These estimates are based on management’s knowledge of current events, historical experience and various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may be different from these estimates and assumptions. | ||||||||||||
Principles of Consolidation. The consolidated financial statements include the accounts of AmeriGas Partners and its majority-owned subsidiaries. We eliminate all significant intercompany accounts and transactions when we consolidate. We account for the General Partner’s 1.01% interest in AmeriGas OLP as noncontrolling interest in the consolidated financial statements. | ||||||||||||
Finance Corps. AmeriGas Finance Corp., AP Eagle Finance Corp. and AmeriGas Finance LLC are 100%-owned finance subsidiaries of AmeriGas Partners. Their sole purpose is to serve as issuers or co-obligors for debt securities issued or guaranteed by AmeriGas Partners. | ||||||||||||
Fair Value Measurements. We apply fair value measurements to certain assets and liabilities principally our commodity and interest rate derivative instruments. Fair value in GAAP is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. Fair value is based upon assumptions that market participants would use when pricing an asset or liability, including assumptions about risk and risks inherent in valuation techniques and inputs to valuations. This includes not only the credit standing of counterparties and credit enhancements but also the impact of our own nonperformance risk on our liabilities. Fair value measurements require that we assume that the transaction occurs in the principal market for the asset or liability or in the absence of a principal market, the most advantageous market for the asset or liability (the market for which the reporting entity would be able to maximize the amount received or minimize the amount paid). We evaluate the need for credit adjustments to our derivative instrument fair values in accordance with the requirements noted above. Such adjustments were not material to the fair values of our derivative instruments. | ||||||||||||
We use the following fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: | ||||||||||||
• | Level 1 — Quoted prices (unadjusted) in active markets for identical assets and liabilities that we have the ability to access at the measurement date. We did not have any derivative financial instruments categorized as Level 1 at September 30, 2013 or 2012. | |||||||||||
• | Level 2 — Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived from observable market data by correlation or other means. Instruments categorized in Level 2 include non-exchange traded derivatives such as over-the-counter commodity price swap and option contracts and interest rate protection agreements. | |||||||||||
• | Level 3 — Unobservable inputs for the asset or liability including situations where there is little, if any, market activity for the asset or liability. We did not have any derivative financial instruments categorized as Level 3 at September 30, 2013 or 2012. | |||||||||||
The fair value hierarchy gives the highest priority to quoted prices in active markets (Level 1) and the lowest priority to unobservable data (Level 3). In some cases, the inputs to measure fair value might fall into different levels of the fair value hierarchy. The lowest level input that is significant to a fair value measurement in its entirety determines the applicable level in the fair value hierarchy. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgment, considering factors specific to the asset or liability. See Note 15 for additional information on fair value measurements. | ||||||||||||
Derivative Instruments. We account for derivative instruments and hedging activities in accordance with guidance provided by the Financial Accounting Standards Board (“FASB”) which requires that all derivative instruments be recognized as either assets or liabilities and measured at fair value. The accounting for changes in fair value depends upon the purpose of the derivative instrument and whether it is designated and qualifies for hedge accounting. | ||||||||||||
A substantial portion of our derivative financial instruments is designated and qualifies as for accounting as cash flow hedges. For cash flow hedges, changes in the fair value of the derivative financial instruments are recorded in accumulated other comprehensive income (“AOCI”) or noncontrolling interest, to the extent effective at offsetting changes in the hedged item, until earnings are affected by the hedged item. We discontinue cash flow hedge accounting if the occurrence of the forecasted transaction is determined to be no longer probable. Cash flows from derivative financial instruments are included in cash flows from operating activities. | ||||||||||||
For a more detailed description of the derivative instruments we use, our accounting for derivatives, our objectives for using them and related supplemental information required by GAAP, see Note 16. | ||||||||||||
Revenue Recognition. Revenues from the sale of propane are recognized principally upon delivery. Revenues from the sale of appliances and equipment are recognized at the later of sale or installation. Revenues from repair or maintenance services are recognized upon completion of services. Revenues from annually billed fees are recorded on a straight-line basis over one year. We present revenue-related taxes collected from customers and remitted to taxing authorities, principally sales and use taxes, on a net basis. | ||||||||||||
During the three months ended March 31, 2013, the Partnership identified an error in its accounting for certain customer credits. The Partnership determined that the recording of propane revenues did not appropriately consider the effects of certain customer credits which were recorded when issued in a subsequent period. As a result, the Partnership changed its accounting for customer credits to record an estimate of such credits at the time propane revenues are recorded. Such estimate considers the Partnership’s history of providing credits, propane revenue activity and other factors. The Partnership has evaluated the impact of the error on prior periods and has determined that the effect is not material to any prior period financial statement. The correction of the error in accounting for customer credits had the effect of decreasing propane revenues and accounts receivable by $4,700, and decreasing net income attributable to AmeriGas Partners, L.P. by $4,652, for Fiscal 2013. If the Partnership had corrected the error in its accounting for customer credits and recorded the estimate of credits as of September 30, 2012, the cumulative effect of the change as of that date would have decreased net income attributable to AmeriGas Partners, L.P. by approximately $4,200. | ||||||||||||
Delivery Expenses. Expenses associated with the delivery of propane to customers (including vehicle expenses, expenses of delivery personnel, vehicle repair and maintenance and general liability expenses) are classified as operating and administrative expenses on the Consolidated Statements of Operations. Depreciation expense associated with delivery vehicles is classified in depreciation on the Consolidated Statements of Operations. | ||||||||||||
Income Taxes. AmeriGas Partners and the Operating Partnership are not directly subject to federal income taxes. Instead, their taxable income or loss is allocated to their individual partners. The Operating Partnership has corporate subsidiaries which are directly subject to federal and state income taxes. Accordingly, our consolidated financial statements reflect income taxes related to these corporate subsidiaries. Legislation in certain states allows for taxation of partnerships’ income and the accompanying financial statements reflect state income taxes resulting from such legislation. Net income for financial statement purposes may differ significantly from taxable income reportable to unitholders. This is a result of (1) differences between the tax basis and financial reporting basis of assets and liabilities and (2) the taxable income allocation requirements of the Fourth Amended and Restated Agreement of Limited Partnership of AmeriGas Partners, L.P., as amended (“Partnership Agreement”) and the Internal Revenue Code. | ||||||||||||
Comprehensive Income (Loss). Comprehensive income (loss) comprises net income and other comprehensive income (loss). Other comprehensive income (loss) results from gains and losses on derivative instruments qualifying as cash flow hedges. | ||||||||||||
Cash and Cash Equivalents. All highly liquid investments with maturities of three months or less when purchased are classified as cash equivalents. | ||||||||||||
Inventories. Our inventories are stated at the lower of cost or market. We determine cost using an average cost method for propane, specific identification for appliances and the first-in, first-out (“FIFO”) method for all other inventories. | ||||||||||||
Property, Plant and Equipment and Related Depreciation. We record property, plant and equipment at cost. The amounts we assign to property, plant and equipment of acquired businesses are based upon estimated fair value at date of acquisition. | ||||||||||||
We compute depreciation expense on plant and equipment using the straight-line method over estimated service lives generally ranging from 15 to 40 years for buildings and improvements; 7 to 30 years for storage and customer tanks and cylinders; and 2 to 10 years for vehicles, equipment and office furniture and fixtures. Costs to install Partnership-owned tanks at customer locations, net of amounts billed to customers, are capitalized and depreciated over the estimated period of benefit not exceeding ten years. | ||||||||||||
We include in property, plant and equipment costs associated with computer software we develop or obtain for use in our business. We amortize computer software costs on a straight-line basis over expected periods of benefit not exceeding 10 years once the installed software is ready for its intended use. | ||||||||||||
No depreciation expense is included in cost of sales on the Consolidated Statements of Operations. | ||||||||||||
Segment Information. We have determined that we have a single reportable operating segment that engages in the distribution of propane and related equipment and supplies. No single customer represents ten percent or more of consolidated revenues on an accrual basis. In addition, substantially all of our revenues are derived from sources within the United States and substantially all of our long-lived assets are located in the United States. | ||||||||||||
Goodwill and Intangible Assets. In accordance with GAAP relating to intangible assets, we amortize intangible assets over their estimated useful lives unless we determine their lives to be indefinite. We review identifiable intangible assets subject to amortization for impairment whenever events or changes in circumstances indicate that the associated carrying amounts may not be recoverable. Determining whether an impairment loss occurred requires comparing the carrying amount to the sum of undiscounted cash flows expected to be generated by the asset. Intangible assets with indefinite lives are not amortized but are tested annually for impairment and written down to fair value as required. | ||||||||||||
We do not amortize goodwill, but test it at least annually for impairment at the reporting unit level. A reporting unit is an operating segment or one level below an operating segment (a component) if discrete financial information is prepared and regularly reviewed by segment management. We are required to recognize an impairment charge under GAAP if the carrying amount of the reporting unit exceeds its fair value and the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill. Fair value is estimated using a market value approach taking into account the market price of AmeriGas Partners Common Units. The Partnership adopted new accounting guidance regarding goodwill impairment during Fiscal 2012 which permits us, in certain circumstances, to perform a qualitative approach to determine if it is more likely than not that the carrying value of a reporting unit is greater than its fair value. | ||||||||||||
No provisions for goodwill or other intangible asset impairments were recorded during Fiscal 2013, Fiscal 2012 or Fiscal 2011. No amortization expense of intangible assets is included in cost of sales in the Consolidated Statements of Income. For further information, see Note 10. | ||||||||||||
Impairment of Long-Lived Assets. We evaluate the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We evaluate recoverability based upon undiscounted future cash flows expected to be generated by such assets. If the undiscounted future cash flows indicate that the recorded amounts are not expected to be recoverable, such long-lived assets are reduced to their estimated fair values. Estimates of fair vales are generally based on recent sales of similar assets and other market indicators (Level 2). During Fiscal 2013, the Partnership recorded long-lived asset impairment charges of $3,000. No provisions for impairments were recorded during Fiscal 2012 or Fiscal 2011. | ||||||||||||
Deferred Debt Issuance Costs. Included in other assets are net deferred debt issuance costs of $31,772 and $37,020 at September 30, 2013 and 2012, respectively. We are amortizing these costs over the terms of the related debt. | ||||||||||||
Customer Deposits. We offer certain of our customers prepayment programs which require customers to pay a fixed periodic amount or to otherwise prepay a portion of their anticipated propane purchases. Customer prepayments, in excess of associated billings, are classified as customer deposits and advances on the Consolidated Balance Sheets. | ||||||||||||
Equity-Based Compensation. The General Partner may grant Common Unit awards (as further described in Note 11) to employees and non-employee Directors under its Common Unit plans, and employees of the General Partner may be granted stock options for UGI Common Stock. All of our equity-based compensation is measured at fair value on the grant date, date of modification or end of the period, as applicable, and recognized in earnings over the requisite service period. Depending upon the settlement terms of the awards, all or a portion of the fair value of equity-based awards may be presented as a liability or as equity in our Consolidated Balance Sheets. Equity-based compensation costs associated with the portion of Common Unit awards classified as equity are measured based upon their estimated fair value on the date of grant or modification. Equity-based compensation costs associated with the portion of Common Unit awards classified as liabilities are measured based upon their estimated fair value at the grant date and remeasured as of the end of each period. For a further description of our equity-based compensation plans and related disclosures, see Note 11. | ||||||||||||
Environmental Matters. We are subject to environmental laws and regulations intended to mitigate or remove the effect of past operations and improve or maintain the quality of the environment. These laws and regulations require the removal or remedy of the effect on the environment of the disposal or release of certain specified hazardous substances at current or former operating sites. | ||||||||||||
Environmental reserves are accrued when assessments indicate that it is probable that a liability has been incurred and an amount can reasonably be estimated. Amounts recorded as environmental liabilities on the balance sheets represent our best estimate of costs expected to be incurred or, if no best estimate can be made, the minimum liability associated with a range of expected environmental investigation and remediation costs. Our estimated liability for environmental contamination is reduced to reflect anticipated participation of other responsible parties but is not reduced for possible recovery from insurance carriers. We do not discount to present value the costs of future expenditures for environmental liabilities. At September 30, 2013 and 2012, the Partnership’s accrued liabilities for environmental investigation and cleanup costs were not material. | ||||||||||||
Allocation of Net Income. Net income attributable to AmeriGas Partners, L.P. for partners’ capital and statement of operations presentation purposes is allocated to the General Partner and the limited partners in accordance with their respective ownership percentages after giving effect to amounts distributed to the General Partner in excess of its 1% general partner interest in AmeriGas Partners based on its incentive distribution rights (“IDRs”) under the Partnership Agreement (see Note 5). | ||||||||||||
Net Income (Loss) Per Unit. Income (loss) per limited partner unit is computed in accordance with GAAP regarding the application of the two-class method for determining income (loss) per unit for master limited partnerships (“MLPs”) when IDRs are present. The two-class method requires that income per limited partner unit be calculated as if all earnings for the period were distributed and requires a separate calculation for each quarter and year-to-date period. In periods when our net income attributable to AmeriGas Partners exceeds our Available Cash, as defined in the Partnership Agreement, and is above certain levels, the calculation according to the two-class method results in an increased allocation of undistributed earnings to the General Partner. Generally, in periods when our Available Cash in respect of the quarter or year-to-date periods exceeds our net income (loss) attributable to AmeriGas Partners, the calculation according to the two-class method results in an allocation of earnings to the General Partner greater than its relative ownership interest in the Partnership (or in the case of a net loss attributable to AmeriGas Partners, an allocation of such net loss to the Common Unitholders greater than their relative ownership interest in the Partnership). | ||||||||||||
The following table sets forth the numerators and denominators of the basic and diluted income (loss) per limited partner unit computations: | ||||||||||||
2013 | 2012 (a) | 2011 | ||||||||||
Common Unitholders’ interest in net income attributable to AmeriGas | ||||||||||||
Partners under the two-class method for MLPs | $ | 198,583 | $ | (9,156 | ) | $ | 131,482 | |||||
Weighted average Common Units outstanding — basic (thousands) | 92,832 | 81,433 | 57,119 | |||||||||
Potentially dilutive Common Units (thousands) | 78 | — | 51 | |||||||||
Weighted average Common Units outstanding — diluted (thousands) | 92,910 | 81,433 | 57,170 | |||||||||
(a) There were 58 potentially dilutive Common Units excluded from the calculation because of the net loss attributable under the two-class method. | ||||||||||||
Theoretical distributions of net income attributable to AmeriGas Partners, L.P. in accordance with the two-class method for Fiscal 2013, Fiscal 2012 and Fiscal 2011 resulted in an increased allocation of net income attributable to AmeriGas Partners, L.P. to the General Partner in the computation of income per limited partner unit which had the effect of decreasing earnings per limited partner unit by $0.01, $0.09, and $0.01, respectively. |
Accounting_Changes
Accounting Changes | 12 Months Ended |
Sep. 30, 2013 | |
Accounting Changes and Error Corrections [Abstract] | ' |
Accounting Changes | ' |
Accounting Changes | |
New Accounting Standards Not Yet Adopted | |
Disclosures about Reclassifications Out of Accumulated Other Comprehensive Income. In February 2013, the FASB issued new accounting guidance regarding disclosures for items reclassified out of AOCI. The new disclosure guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2012. The new disclosures are to be applied prospectively, and early adoption is permitted. We will adopt the new guidance in Fiscal 2014. As this guidance provides only disclosure requirements, the adoption of this standard will not impact our results of operations, cash flows or financial position. | |
Disclosures about Offsetting Assets and Liabilities. In December 2011 (and amended in January 2013), the FASB issued new accounting guidance requiring entities to disclose both gross and net information about recognized derivative instruments that are offset on the balance sheet or subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset on the balance sheet. The new guidance is effective for annual reporting periods beginning on or after January 1, 2013 and interim periods within those annual periods, and is required to be applied retrospectively. We will adopt the new guidance in Fiscal 2014. As this guidance provides only disclosure requirements, the adoption of this standard will not impact our results of operations, cash flows or financial position. |
Acquisitions
Acquisitions | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Business Combinations [Abstract] | ' | |||||||||||
Acquisitions | ' | |||||||||||
Acquisitions | ||||||||||||
On January 12, 2012 (the “Acquisition Date”), AmeriGas Partners completed the acquisition of Heritage Propane from ETP for total consideration of $2,598,234, comprising $1,465,606 in cash and 29,567,362 AmeriGas Partners Common Units with a fair value of $1,132,628 (the “Heritage Acquisition”). The Acquisition Date cash consideration for the Heritage Acquisition was subject to purchase price adjustments based on working capital, cash and the amount of indebtedness of Heritage Propane (“Working Capital Adjustment”) and certain excess sales proceeds resulting from ETP’s sale of HOLP’s former cylinder exchange business (“HPX”). In April 2012, AmeriGas Partners paid $25,504 of additional cash consideration as a result of the Working Capital Adjustment and in June 2012, AmeriGas Partners received $18,911 in cash representing the excess cash proceeds from the sale of HPX. The Heritage Acquisition was consummated pursuant to a Contribution and Redemption Agreement dated October 15, 2011, as amended (the “Contribution Agreement”), by and among AmeriGas Partners, ETP, Energy Transfer Partners GP, L.P., the general partner of ETP (“ETP GP”), and Heritage ETC, L.P. (the “Contributor”). The acquired business conducted its propane operations in 41 states through HOLP and Titan LLC. According to LP-Gas Magazine rankings published on February 1, 2012, Heritage Propane was the third largest retail propane distributor in the United States, delivering over 500 million gallons to more than one million retail propane customers in 2011. The Heritage Acquisition is consistent with our growth strategies, one of which is to grow our core business through acquisitions. | ||||||||||||
Pursuant to the Contribution Agreement, the Contributor contributed to AmeriGas Partners a 99.999% limited partner interest in HOLP; a 100% membership interest in Heritage Operating GP, LLC, a Delaware limited liability company and holder of a 0.001% general partner interest in HOLP; a 99.99% limited partner interest in Titan Energy Partners, L.P., a Delaware limited partnership and the sole member of Titan LLC; and a 100% membership interest in Titan Energy GP, L.L.C., a Delaware limited liability company and holder of a 0.01% general partner interest in Titan Energy Partners, L.P. As a result of the Heritage Acquisition, the General Partner, in order to maintain its general partner interests in AmeriGas Partners and AmeriGas OLP, contributed 934,327 Common Units to the Partnership having a fair value of $41,680. These Common Units were subsequently cancelled. | ||||||||||||
The cash portion of the Heritage Acquisition was financed by the issuance by AmeriGas Finance Corp. and AmeriGas Finance LLC, wholly owned finance subsidiaries of AmeriGas Partners (the “Issuers”), of $550,000 principal amount of 6.75% Senior Notes due May 2020 (the “6.75% Notes”) and $1,000,000 principal amount of 7.00% Senior Notes due May 2022 (the “7.00% Notes”). For further information on the 6.75% Notes and the 7.00% Notes, see Note 6. | ||||||||||||
The Consolidated Balance Sheet at September 30, 2012, reflects the final allocation of the purchase price to the assets acquired and liabilities assumed for the Heritage Propane business combination. The purchase price paid comprises AmeriGas Partners Common Units issued having a fair value of $1,132,628 and total net cash consideration of $1,472,199 including cash acquired of $60,748. The fair value of the AmeriGas Partners Common Units issued to ETP was based on the closing price on the Acquisition Date subject to a discount to reflect certain contractual transfer restrictions for a period of approximately twelve months. The purchase price allocation was as follows: | ||||||||||||
Assets acquired: | ||||||||||||
Current assets | $ | 301,372 | ||||||||||
Property, plant & equipment | 890,215 | |||||||||||
Customer relationships (estimated useful life of 15 years) | 418,900 | |||||||||||
Trademarks and tradenames (a) | 91,100 | |||||||||||
Goodwill (a) | 1,217,717 | |||||||||||
Other assets | 9,947 | |||||||||||
Total assets acquired | $ | 2,929,251 | ||||||||||
Liabilities assumed: | ||||||||||||
Current liabilities | $ | (238,016 | ) | |||||||||
Long-term debt | (62,927 | ) | ||||||||||
Other noncurrent liabilities | (23,481 | ) | ||||||||||
Total liabilities assumed | $ | (324,424 | ) | |||||||||
Total | $ | 2,604,827 | ||||||||||
(a) During Fiscal 2013, the Partnership made correcting adjustments to trademarks and tradenames and goodwill which are not reflected in the table above (see Note 10). | ||||||||||||
Goodwill associated with the Heritage Acquisition principally results from synergies expected from combining the operations and from assembled workforce. We allocated the purchase price of the acquisition to identifiable intangible assets based on estimated fair values. Tradenames and trademarks were valued using the relief from royalty method and customer relationships were valued using a discounted cash flow method. The relief from royalty method estimates our theoretical royalty savings from ownership of the tradenames and trademarks. Key assumptions used in this method include discount rates, royalty rates, growth rates and sales projections and are the assumptions most sensitive and susceptible to change as they require significant management judgment. The key assumptions used in the customer relationship discounted cash flow method include discount rates, growth rates and cash flow projections and are the assumptions most sensitive and susceptible to change as they require significant management judgment. We allocated the purchase price of the acquisition to property, plant and equipment based on estimated fair values primarily using replacement cost and market value methods. | ||||||||||||
Transaction expenses associated with the Heritage Acquisition, which are included in operating and administrative expenses on the Consolidated Statements of Operations, totaled $5,252 for Fiscal 2012. The results of operations of Heritage Propane are included in the Partnership’s Consolidated Statements of Operations since the Acquisition Date. As a result of combining the Heritage Propane operations with our legacy operations, it is impracticable to determine the impact of the Heritage Propane operations on the revenues and earnings of the Partnership. | ||||||||||||
The following presents unaudited pro forma income statement and income per unit data for Fiscal 2012 and 2011 as if the Heritage Acquisition had occurred on October 1, 2010: | ||||||||||||
2012 | 2011 | |||||||||||
Revenues | $ | 3,413,331 | $ | 3,968,695 | ||||||||
Net income attributable to AmeriGas Partners | $ | 30,977 | $ | 149,743 | ||||||||
Income per limited partner unit: | ||||||||||||
Basic | $ | 0.17 | $ | 1.07 | ||||||||
Diluted | $ | 0.17 | $ | 1.07 | ||||||||
The unaudited pro forma results of operations reflect Heritage Propane’s historical operating results after giving effect to adjustments directly attributable to the transaction that are expected to have a continuing effect. The unaudited pro forma consolidated results of operations are not necessarily indicative of the results that would have occurred had the Heritage Acquisition occurred on the date indicated nor are they necessarily indicative of future operating results. | ||||||||||||
Also, during Fiscal 2013, Fiscal 2012 and Fiscal 2011, AmeriGas OLP acquired a number of smaller domestic retail propane distribution businesses for total net cash consideration of $19,945, $13,518 and $34,032, respectively. In conjunction with these acquisitions, liabilities of $3,970 in Fiscal 2013, $4,844 in Fiscal 2012 and $9,487 in Fiscal 2011 were incurred. The operating results of these businesses have been included in our operating results from their respective dates of acquisitions. The total purchase price of these acquisitions has been allocated to the assets acquired and liabilities assumed as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Net current assets | $ | 691 | $ | 1,590 | $ | 2,462 | ||||||
Property, plant and equipment | 5,167 | 6,175 | 15,998 | |||||||||
Goodwill | 12,481 | 5,363 | 13,053 | |||||||||
Customer relationships and noncompete agreements (estimated useful life of 10 and 5 years, respectively) | 5,576 | 5,234 | 12,006 | |||||||||
Total | $ | 23,915 | $ | 18,362 | $ | 43,519 | ||||||
The goodwill above is primarily the result of synergies between the acquired businesses and our existing propane business. The pro forma effects of these transactions were not material. |
Quarterly_Distributions_of_Ava
Quarterly Distributions of Available Cash | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Quarterly Distributions of Available Cash [Abstract] | ' | |||||||||||
Quarterly Distributions of Available Cash | ' | |||||||||||
Quarterly Distributions of Available Cash | ||||||||||||
The Partnership makes distributions to its partners approximately 45 days after the end of each fiscal quarter in a total amount equal to its Available Cash (as defined in the Partnership Agreement) for such quarter. Available Cash generally means: | ||||||||||||
1.all cash on hand at the end of such quarter, | ||||||||||||
2.plus all additional cash on hand as of the date of determination resulting from borrowings after the end of such quarter, | ||||||||||||
3.less the amount of cash reserves established by the General Partner in its reasonable discretion. | ||||||||||||
The General Partner may establish reserves for the proper conduct of the Partnership’s business and for distributions during the next four quarters. | ||||||||||||
Distributions of Available Cash are made 98% to limited partners and 2% to the General Partner (giving effect to the 1.01% interest of the General Partner in distributions of Available Cash from AmeriGas OLP to AmeriGas Partners) until Available Cash exceeds the Minimum Quarterly Distribution of $0.55 and the First Target Distribution of $0.055 per Common Unit (or a total of $0.605 per Common Unit). When Available Cash exceeds $0.605 per Common Unit in any quarter, the General Partner will receive a greater percentage of the total Partnership distribution (the “incentive distribution”) but only with respect to the amount by which the distribution per Common Unit to limited partners exceeds $0.605. | ||||||||||||
Quarterly distributions of Available Cash per limited partner unit during Fiscal 2013, Fiscal 2012 and Fiscal 2011 were as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
1st Quarter | $ | 0.8 | $ | 0.74 | $ | 0.705 | ||||||
2nd Quarter | 0.8 | 0.7625 | 0.705 | |||||||||
3rd Quarter | 0.84 | 0.8 | 0.74 | |||||||||
4th Quarter | 0.84 | 0.8 | 0.74 | |||||||||
During Fiscal 2013, Fiscal 2012 and Fiscal 2011, the Partnership made quarterly distributions to Common Unitholders in excess of $0.605 per limited partner unit. As a result, the General Partner received a greater percentage of the total Partnership distribution than its aggregate 2% general partner interest in AmeriGas OLP and AmeriGas Partners. The total amount of distributions received by the General Partner with respect to its aggregate 2% general partner ownership interests totaled $27,438 in Fiscal 2013, $19,719 in Fiscal 2012 and $9,027 in Fiscal 2011. Included in these amounts are incentive distributions received by the General Partner during Fiscal 2013, Fiscal 2012 and Fiscal 2011 of $19,286, $13,008 and $5,037, respectively. |
Debt
Debt | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Debt | ' | |||||||
Debt | ||||||||
Long-term debt comprises the following at September 30: | ||||||||
2013 | 2012 | |||||||
AmeriGas Partners Senior Notes: | ||||||||
7.00%, due May 2022 | $ | 980,844 | $ | 980,844 | ||||
6.75%, due May 2020 | 550,000 | 550,000 | ||||||
6.50%, due May 2021 | 270,001 | 270,001 | ||||||
6.25%, due August 2019 | 450,000 | 450,000 | ||||||
HOLP Senior Secured Notes | 32,001 | 55,587 | ||||||
Other | 17,265 | 21,637 | ||||||
Total long-term debt | 2,300,111 | 2,328,069 | ||||||
Less: current maturities | (12,014 | ) | (30,706 | ) | ||||
Total long-term debt due after one year | $ | 2,288,097 | $ | 2,297,363 | ||||
Scheduled principal repayments of long-term debt for each of the next five fiscal years ending September 30 are as follows: Fiscal 2014 — $12,014; Fiscal 2015 — $9,299; Fiscal 2016 — $6,969; Fiscal 2017 — $4,955; Fiscal 2018 — $4,254. | ||||||||
AmeriGas Partners Senior Notes. In order to finance the cash portion of the Heritage Acquisition, on January 12, 2012, AmeriGas Finance Corp. and AmeriGas Finance LLC (the “Issuers”) issued $550,000 principal amount of 6.75% Notes due May 2020 and $1,000,000 principal amount of 7.00% Notes due May 2022. The 6.75% Notes and the 7.00% Notes are fully and unconditionally guaranteed on a senior unsecured basis by AmeriGas Partners. The Issuers have the right to redeem the 6.75% Notes, in whole or in part, at any time on or after May 20, 2016 and to redeem the 7.00% Notes, in whole or in part, at any time on or after May 20, 2017, subject to certain restrictions. A premium applies to redemptions of the 6.75% Notes and 7.00% Notes through May 2018 and May 2020, respectively. On or prior to May 20, 2015, the Issuers may also redeem, at a premium and subject to certain restrictions, up to 35% of each of the 6.75% Notes and the 7.00% Notes with the proceeds of a registered public equity offering. The 6.75% Notes and the 7.00% Notes and the guarantees rank equal in right of payment with all of AmeriGas Partners’ existing senior notes. In connection with the Heritage Acquisition, AmeriGas Partners, AmeriGas Finance Corp., AmeriGas Finance LLC and UGI entered into a Contingent Residual Support Agreement (“CRSA”) with ETP pursuant to which ETP will provide contingent, residual support of $1,500,000 of debt (“Supported Debt” as defined in the CRSA). | ||||||||
On March 28, 2012, AmeriGas Partners announced that holders of approximately $383,455 in aggregate principal amount of outstanding 6.50% Senior Notes due May 2021 (the “6.50% Notes”), representing approximately 82% of the total $470,000 principal amount outstanding, had validly tendered their notes in connection with the Partnership’s March 14, 2012, offer to purchase for cash up to $200,000 of the 6.50% Notes. Tendered 6.50% Notes in the amount of $199,999 were redeemed on March 28, 2012, at an effective price of 105% using an approximate proration factor of 52.3% of total notes tendered. During June 2012, AmeriGas Partners repurchased $19,156 aggregate principal amount of outstanding 7.00% Notes. The Partnership recorded a net loss of $13,349 on these extinguishments of debt which amount is reflected on the Fiscal 2012 Consolidated Statement of Operations under the caption loss on extinguishments of debt. | ||||||||
In January 2011, AmeriGas Partners issued $470,000 principal amount of 6.50% Senior Notes due May 2021. The proceeds from the issuance of the 6.50% Senior Notes were used in February 2011 to repay AmeriGas Partners’ $415,000 principal amount of its 7.25% Senior Notes due May 15, 2015 pursuant to a tender offer and subsequent redemption. In addition, in February 2011, AmeriGas Partners redeemed the outstanding $14,640 principal amount of its 8.875% Senior Notes due May 2011. The Partnership incurred a loss of $18,801 on these extinguishments of debt which amount is reflected on the Fiscal 2011 Consolidated Statement of Operations under the caption loss on extinguishments of debt. | ||||||||
In August 2011, AmeriGas Partners issued $450,000 principal amount of 6.25% Senior Notes due August 2019. The proceeds from the issuance of the 6.25% Senior Notes were used to repay $350,000 principal amount of AmeriGas Partners 7.125% Senior Notes due May 2016 pursuant to a tender offer and subsequent redemption. The Partnership incurred a loss of $19,316 on this extinguishment of debt which amount is reflected on the Fiscal 2011 Consolidated Statements of Operations under the caption loss on extinguishments of debt. | ||||||||
The 6.50% and 6.25% Senior Notes generally may be redeemed at our option (pursuant to a tender offer). A redemption premium applies through May 20, 2019 (with respect to the 6.50% Notes) and through August 20, 2017 (with respect to the 6.25% Notes). In addition, in the event that AmeriGas Partners completes a registered public offering of Common Units, the Partnership may, at its option, redeem up to 35% of the outstanding 6.50% Notes (through May 20, 2014) or 35% of the outstanding 6.25% Notes (through August 20, 2014), each at a premium. AmeriGas Partners may, under certain circumstances involving excess sales proceeds from the disposition of assets not reinvested in the business or a change of control, be required to offer to prepay its 6.50% and 6.25% Senior Notes. | ||||||||
HOLP Senior Secured Notes. The Partnership’s total long-term debt at September 30, 2013 and 2012, includes $32,001 and $55,587, respectively, of HOLP Senior Secured Notes (including unamortized premium of $3,729 and $4,405, respectively). The face interest rates on the HOLP Notes ranged from 7.26% to 8.87% with an effective interest rate of 6.75%. The HOLP Senior Secured Notes are collateralized by AmeriGas OLP’s receivables, contracts, equipment, inventory, general intangibles and cash. | ||||||||
AmeriGas OLP Credit Agreement. AmeriGas OLP has an unsecured credit agreement (the “Credit Agreement”) with a group of banks providing for borrowings up to $525,000 (including a $125,000 sublimit for letters of credit) which expires in October 2016. The Credit Agreement permits AmeriGas OLP to borrow at prevailing interest rates, including the base rate, defined as the higher of the Federal Funds rate plus 0.50% or the agent bank’s prime rate, or at a one-week, one-, two-, three-, or six-month Eurodollar Rate, as defined in the Credit Agreement, plus a margin. The margin on base rate borrowings (which ranges from 0.75% to 1.75%), Eurodollar Rate borrowings (which ranges from 1.75% to 2.75%), and the Credit Agreement facility fee rate (which ranges from 0.30% to 0.50%) is dependent upon AmeriGas Partners’ ratio of debt to earnings before interest expense, income taxes, depreciation and amortization (“EBITDA”), each as defined in the Credit Agreement. | ||||||||
At September 30, 2013 and 2012, there were $116,900 and $49,900, respectively, of borrowings outstanding under the Credit Agreement which amounts are reflected as bank loans on the Consolidated Balance Sheets. The weighted-average interest rates on borrowings under the Credit Agreement at September 30, 2013 and 2012 were 2.69% and 2.72%, respectively. Issued and outstanding letters of credit, which reduce available borrowings under the Credit Agreement totaled $53,705 and $47,906 at September 30, 2013 and 2012, respectively. | ||||||||
Restrictive Covenants. The AmeriGas Partners Senior Notes restrict the ability of the Partnership and AmeriGas OLP to, among other things, incur additional indebtedness, make investments, incur liens, issue preferred interests, prepay subordinated indebtedness, and effect mergers, consolidations and sales of assets. Under the Senior Notes indentures, AmeriGas Partners is generally permitted to make cash distributions equal to available cash, as defined, as of the end of the immediately preceding quarter, if certain conditions are met. These conditions include: | ||||||||
1.no event of default exists or would exist upon making such distributions and | ||||||||
2.the Partnership’s consolidated fixed charge coverage ratio, as defined, is greater than 1.75-to-1. | ||||||||
If the ratio in item 2 above is less than or equal to 1.75-to-1, the Partnership may make cash distributions in a total amount not to exceed $75,000 less the total amount of distributions made during the immediately preceding 16 Fiscal quarters. At September 30, 2013, the Partnership was not restricted by the consolidated fixed charge coverage ratio from making cash distributions. See the provisions of the Partnership Agreement relating to distributions of Available Cash in Note 5. | ||||||||
The HOLP Senior Secured Notes contain restrictive covenants including the maintenance of financial covenants and limitations on the disposition of assets, changes in ownership, additional indebtedness, restrictive payments and the creation of liens. The financial covenants require AmeriGas OLP to maintain a ratio of Consolidated Funded Indebtedness to Consolidated EBITDA (as defined) below certain thresholds and to maintain a minimum ratio of Consolidated EBITDA to Consolidated Interest Expense (as defined). | ||||||||
The Credit Agreement restricts the incurrence of additional indebtedness and also restricts certain liens, guarantees, investments, loans and advances, payments, mergers, consolidations, asset transfers, transactions with affiliates, sales of assets, acquisitions and other transactions. The Credit Agreement requires that AmeriGas OLP and AmeriGas Partners maintain ratios of total indebtedness to EBITDA, as defined, below certain thresholds. In addition, the Partnership must maintain a minimum ratio of EBITDA to interest expense, as defined and as calculated on a rolling four-quarter basis. Generally, as long as no default exists or would result, AmeriGas OLP is permitted to make cash distributions not more frequently than quarterly in an amount not to exceed available cash, as defined, for the immediately preceding calendar quarter. | ||||||||
At September 30, 2013, the amount of net assets of the Partnership’s subsidiaries that was restricted from transfer as a result of the amount of Available Cash, computed in accordance with the Partnership Agreement, applicable debt agreements and the partnership agreements of the Partnership’s subsidiaries, totaled approximately $3,300,000. |
Employee_Retirement_Plans
Employee Retirement Plans | 12 Months Ended |
Sep. 30, 2013 | |
Compensation and Retirement Disclosure [Abstract] | ' |
Employee Retirement Plans | ' |
Employee Retirement Plans | |
The General Partner sponsors a 401(k) savings plan for eligible employees. Participants in the savings plan may contribute a portion of their compensation on a before-tax basis. Generally, employee contributions are matched on a dollar-for-dollar (100%) basis up to 5% of eligible compensation. The cost of benefits under our savings plan was $10,777 in Fiscal 2013, $10,716 in Fiscal 2012 and $7,421 in Fiscal 2011. | |
The General Partner also sponsors a nonqualified deferred compensation plan and a nonqualified supplemental executive retirement plan. These plans provide benefits to executives that would otherwise be provided under the Partnership’s retirement plans but are prohibited due to limitations imposed by the Internal Revenue Service. Costs associated with these plans were not material in Fiscal 2013, Fiscal 2012 and Fiscal 2011. |
Inventories
Inventories | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Inventories | ' | |||||||
Inventories | ||||||||
Inventories comprise the following at September 30: | ||||||||
2013 | 2012 | |||||||
Propane gas | $ | 130,410 | $ | 131,990 | ||||
Materials, supplies and other | 22,860 | 24,259 | ||||||
Appliances for sale | 5,658 | 7,497 | ||||||
Total inventories | $ | 158,928 | $ | 163,746 | ||||
In addition to inventories on hand, we also enter into contracts to purchase propane to meet a portion of our supply requirements. Generally, these contracts are one- to three-year agreements subject to annual price and quantity adjustments. |
Property_Plant_and_Equipment
Property, Plant and Equipment | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment | ' | |||||||
Property, Plant and Equipment | ||||||||
Property, plant and equipment comprise the following at September 30: | ||||||||
2013 | 2012 | |||||||
Land | $ | 147,405 | $ | 148,068 | ||||
Buildings and improvements | 176,638 | 168,250 | ||||||
Transportation equipment | 227,242 | 213,762 | ||||||
Storage facilities | 240,251 | 230,181 | ||||||
Equipment, primarily cylinders and tanks | 1,844,423 | 1,778,690 | ||||||
Other, including construction in process | 33,243 | 35,802 | ||||||
Gross property, plant and equipment | 2,669,202 | 2,574,753 | ||||||
Less accumulated depreciation and amortization | (1,231,688 | ) | (1,075,528 | ) | ||||
Net property, plant and equipment | $ | 1,437,514 | $ | 1,499,225 | ||||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Goodwill and Intangible Assets | ' | |||||||
Goodwill and Intangible Assets | ||||||||
The Partnership’s goodwill and intangible assets comprise the following at September 30: | ||||||||
2013 | 2012 | |||||||
Goodwill (not subject to amortization) | $ | 1,936,608 | $ | 1,914,808 | ||||
Intangible assets: | ||||||||
Customer relationships and noncompete agreements | $ | 511,130 | $ | 505,367 | ||||
Trademarks and tradenames (not subject to amortization) | 81,800 | 91,100 | ||||||
Gross carrying amount | 592,930 | 596,467 | ||||||
Accumulated amortization | (99,281 | ) | (60,471 | ) | ||||
Intangible assets, net | $ | 493,649 | $ | 535,996 | ||||
Changes in the carrying amount of goodwill are as follows: | ||||||||
Balance September 30, 2011 | $ | 691,910 | ||||||
Acquisitions | 1,223,080 | |||||||
Purchase accounting adjustments | (182 | ) | ||||||
Balance September 30, 2012 | 1,914,808 | |||||||
Acquisitions | 12,481 | |||||||
Purchase accounting adjustments | 19 | |||||||
Correcting adjustment | $ | 9,300 | ||||||
Balance September 30, 2013 | $ | 1,936,608 | ||||||
The decrease in trademarks and tradenames and the correcting adjustment to goodwill during the year ended September 30, 2013 primarily reflects a correcting adjustment associated with the Heritage Acquisition. We amortize customer relationships and noncompete intangibles over their estimated period of benefit which do not exceed 15 years. Amortization expense of intangible assets was $38,810 in Fiscal 2013, $30,649 in Fiscal 2012 and $8,055 in Fiscal 2011. Estimated amortization expense of intangible assets during the next five fiscal years is as follows: Fiscal 2014 — $38,112; Fiscal 2015 — $36,309; Fiscal 2016 — $35,018; Fiscal 2017 — $32,853; Fiscal 2018 — $31,493. There were no accumulated impairment losses at September 30, 2013. |
Partners_Capital_and_Incentive
Partners' Capital and Incentive Compensation Plans | 12 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Partners Capital and Incentive Compensation Plans | ' | ||||||||||||||||||||
Partners’ Capital and Incentive Compensation Plans | |||||||||||||||||||||
In accordance with the Partnership Agreement, the General Partner may, in its sole discretion, cause the Partnership to issue an unlimited number of additional Common Units and other equity securities of the Partnership ranking on a parity with the Common Units. | |||||||||||||||||||||
On March 21, 2012, AmeriGas Partners sold 7,000,000 Common Units in an underwritten public offering at a public offering price of $41.25 per unit. The net proceeds of the public offering totaling $276,562 and the associated capital contributions from the General Partner totaling $2,800 were used to redeem $199,999 of the 6.50% Notes pursuant to a tender offer (see Note 6), to reduce Partnership bank loan borrowings and for general corporate purposes. | |||||||||||||||||||||
The General Partner grants equity-based awards to employees and non-employee directors comprising grants of AmeriGas Partners equity instruments as further described below. We recognized total pre-tax equity-based compensation expense of $4,647, $8,373 and $3,257 in Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively. | |||||||||||||||||||||
Under the AmeriGas Propane, Inc. 2010 Long-Term Incentive Plan on Behalf of AmeriGas Partners, L.P. (“2010 Propane Plan”), the General Partner may award to employees and non-employee directors grants of Common Units (comprising AmeriGas Performance Units and AmeriGas Stock Units), options, phantom units, unit appreciation rights and other Common Unit-based awards. The total aggregate number of Common Units that may be issued under the Plan is 2,800,000. The exercise price for options may not be less than the fair market value on the date of grant. Awards granted under the 2010 Propane Plan may vest immediately or ratably over a period of years, and options can be exercised no later than ten years from the grant date. In addition, the 2010 Propane Plan provides that Common Unit-based awards may also provide for the crediting of Common Unit distribution equivalents to participants’ accounts. | |||||||||||||||||||||
The 2010 Propane Plan succeeded the AmeriGas Propane, Inc. 2000 Long-Term Incentive Plan (“2000 Propane Plan”), which expired on December 31, 2009, and replaced the AmeriGas Propane, Inc. Discretionary Long-Term Incentive Plan for Non-Executive Key Employees (“Nonexecutive Propane Plan”). Under the 2000 Propane Plan, the General Partner could award to key employees the right to receive AmeriGas Performance Units or cash equivalent to the fair market value of such AmeriGas Performance Units. In addition, the 2000 Propane Plan authorized the crediting of Common Unit distribution equivalents to participants’ accounts. Under the Nonexecutive Propane Plan, the General Partner could grant awards to key employees who did not participate in the 2000 Propane Plan. Generally, awards under the Nonexecutive Propane Plan vest at the end of a three-year period and are paid in Common Units and cash. No additional grants will be made under the 2000 Propane Plan and the Nonexecutive Propane Plan. | |||||||||||||||||||||
Recipients of AmeriGas Performance Units are awarded a target number of AmeriGas Performance Units. The number of AmeriGas Performance Units ultimately paid at the end of the performance period (generally three years) may be higher or lower than the target number based upon AmeriGas Partners’ Total Unitholder Return (“TUR”) percentile rank relative to entities in a peer group. Grantees may receive from 0% to 200% of the target award granted. For grants issued on or after January 1, 2013, if AmeriGas Partners’ TUR is below the 25th percentile compared to the peer group, the grantee will not be paid. At the 40th percentile, the employee will be paid an award equal to 70% of the target award; at the 50th percentile, 100%; at the 60th percentile, 125%; and at the 90th percentile, 200%. For grants issued before January 1, 2013, grantees of AmeriGas Performance Units will not be paid if AmeriGas Partners’ TUR is below the 40th percentile of the peer group. At the 40th percentile, the grantee will be paid an award equal to 50% of the target award; at the 50th percentile, 100%; and at the 100th percentile, 200%. The actual amount of the award is interpolated between these percentile rankings. Any Common Unit distribution equivalents earned are paid in cash. Generally, except in the event of retirement, death or disability, each grant, unless paid, will terminate when the participant ceases to be employed by the General Partner. There are certain change of control and retirement eligibility conditions that, if met, generally result in accelerated vesting or elimination of further service requirements. | |||||||||||||||||||||
As a result of the Heritage Acquisition, certain Heritage Propane employees were awarded AmeriGas Performance Units, AmeriGas Stock Units (in the form of phantom units), or a combination of AmeriGas Performance Units and AmeriGas Stock Units. The terms of the Performance Unit awards granted to Heritage Propane employees are generally the same as those described above. The AmeriGas Stock Units awards granted to Heritage Propane employees vest in tranches with certain awards beginning to vest in January 2013 through January 2016. Certain of the AmeriGas Stock Unit awards provide for accelerated vesting under certain conditions. Under certain conditions, all or a portion of these awards could be forfeited. The AmeriGas Stock Unit awards granted to Heritage Propane employees provide for the crediting of distribution equivalents to participants’ accounts. | |||||||||||||||||||||
Under GAAP relating to equity-based compensation plans, AmeriGas Performance Units are equity awards with a market-based condition, which, if settled in Common Units, results in the recognition of compensation cost over the requisite employee service period regardless of whether the market-based condition is satisfied. The fair values of AmeriGas Performance Units are estimated using a Monte Carlo valuation model. The fair value associated with the target award and the award above the target, if any, which will be paid in Common Units, is accounted for as equity and the fair value of all Common Unit distribution equivalents, which will be paid in cash, is accounted for as a liability. The expected term of the AmeriGas Performance Unit awards is three years based on the performance period. Expected volatility is based on the historical volatility of Common Units over a three-year period. The risk-free interest rate is based on rates on U.S. Treasury bonds at the time of grant. Volatility for all entities in the peer group is based on historical volatility. | |||||||||||||||||||||
The following table summarizes the weighted-average assumptions used to determine the fair value of AmeriGas Performance Unit awards and related compensation costs: | |||||||||||||||||||||
Grants Awarded in Fiscal Year | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Risk-free rate | 0.4 | % | 0.4 | % | 1 | % | |||||||||||||||
Expected life | 3 years | 3 years | 3 years | ||||||||||||||||||
Expected volatility | 20.7 | % | 23 | % | 34.6 | % | |||||||||||||||
Dividend Yield | 8.2 | % | 6.4 | % | 5.8 | % | |||||||||||||||
The General Partner granted awards under the 2010 Propane Plan representing 65,136, 248,818 and 49,287 Common Units in Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively, having weighted-average grant date fair values per Common Unit subject to award of $42.58, $43.22 and $53.19, respectively. At September 30, 2013, 2,484,839 Common Units were available for future award grants under the 2010 Propane Plan. | |||||||||||||||||||||
The following table summarizes AmeriGas Common Unit-based award activity for Fiscal 2013: | |||||||||||||||||||||
Total | Vested | Non-Vested | |||||||||||||||||||
Number of | Weighted | Number of | Weighted | Number of | Weighted | ||||||||||||||||
Common | Average | Common | Average | Common | Average | ||||||||||||||||
Units | Grant Date | Units Subject | Grant Date | Units | Grant Date | ||||||||||||||||
Subject to | Fair Value | to Award | Fair Value | Subject to | Fair Value | ||||||||||||||||
Award | (per Unit) | (per Unit) | Award | (per Unit) | |||||||||||||||||
September 30, 2012 | 263,967 | $ | 44.7 | 65,651 | $ | 45.42 | 198,316 | $ | 44.47 | ||||||||||||
AmeriGas Performance Units: | |||||||||||||||||||||
Granted | 44,800 | $ | 42.36 | 1,332 | $ | 41.64 | 43,468 | $ | 42.38 | ||||||||||||
Forfeited | (14,869 | ) | $ | 47.04 | — | $ | — | (14,869 | ) | $ | 47.04 | ||||||||||
Vested | — | $ | — | 20,115 | $ | 43.68 | (20,115 | ) | $ | 43.68 | |||||||||||
Performance criteria not met | (43,350 | ) | $ | 42.1 | (43,350 | ) | $ | 42.1 | — | $ | — | ||||||||||
AmeriGas Stock Units: | |||||||||||||||||||||
Granted | 20,336 | $ | 43.06 | 8,442 | $ | 39.07 | 11,894 | $ | 45.9 | ||||||||||||
Forfeited | (11,333 | ) | $ | 48.79 | — | $ | — | (11,333 | ) | $ | 48.79 | ||||||||||
Vested | — | $ | — | 30,909 | $ | 48.92 | (30,909 | ) | $ | 48.92 | |||||||||||
Awards paid | (35,384 | ) | $ | 47.04 | (35,384 | ) | $ | 47.04 | — | $ | — | ||||||||||
September 30, 2013 | 224,167 | $ | 47.88 | 47,715 | $ | 47.92 | 176,452 | $ | 47.87 | ||||||||||||
During Fiscal 2013, Fiscal 2012 and Fiscal 2011, the Partnership paid AmeriGas Common Unit-based awards in Common Units and cash as follows: | |||||||||||||||||||||
2013 (a) | 2012 (a) | 2011 | |||||||||||||||||||
Number of Common Units subject to original Awards granted | 54,750 | 60,200 | 41,064 | ||||||||||||||||||
Fiscal year granted | 2010 | 2009 | 2008 | ||||||||||||||||||
Payment of Awards: | |||||||||||||||||||||
AmeriGas Partners Common Units issued | 3,850 | 3,500 | 35,787 | ||||||||||||||||||
Cash paid | $ | 96 | $ | 87 | $ | 1,196 | |||||||||||||||
(a) In addition, during Fiscal 2013 and Fiscal 2012, 19,342 AmeriGas Stock Units and $533 in cash, and 40,516 AmeriGas Stock Units and $893 in cash, respectively, were paid to former Heritage Propane employees associated with awards granted in Fiscal 2012. | |||||||||||||||||||||
As of September 30, 2013, there was $1,290 of unrecognized equity-based compensation expense related to non-vested UGI stock options that is expected to be recognized over a weighted-average period of 1.8 years. As of September 30, 2013, there was a total of approximately $3,013 of unrecognized compensation cost associated with 224,167 Common Units subject to award that is expected to be recognized over a weighted-average period of 1.8 years. The total fair values of Common Unit-based awards that vested during Fiscal 2013, Fiscal 2012 and Fiscal 2011 was $2,752, $5,090 and $2,049, respectively. As of September 30, 2013 and 2012, total liabilities of $1,053 and $1,148 associated with Common Unit-based awards are reflected in employee compensation and benefits accrued and other noncurrent liabilities in the Consolidated Balance Sheets. It is the Partnership’s practice to issue new AmeriGas Partners Common Units for the portion of any Common Unit-based awards paid in AmeriGas Partners Common Units. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |||
Sep. 30, 2013 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Commitments and Contingencies | ' | |||
Commitments and Contingencies | ||||
Commitments | ||||
We lease various buildings and other facilities and vehicles, computer and office equipment under operating leases. Certain of the leases contain renewal and purchase options and also contain step-rent provisions. Our aggregate rental expense for such leases was $63,585 in Fiscal 2013, $61,075 in Fiscal 2012 and $55,533 in Fiscal 2011. | ||||
Minimum future payments under noncancelable operating leases are as follows: | ||||
Year Ending September 30, | ||||
2014 | $ | 51,027 | ||
2015 | 41,367 | |||
2016 | 33,713 | |||
2017 | 26,613 | |||
2018 | 21,667 | |||
Thereafter | 55,819 | |||
Total minimum operating lease payments | $ | 230,206 | ||
Certain of our operating lease arrangements, primarily vehicle leases with remaining lease terms of one to ten years, have residual value guarantees. At the end of the lease term, we guarantee that the fair value of the equipment will equal or exceed the guaranteed amount or we will pay the lessors the difference. Although such fair values at the end of the leases have historically exceeded the guaranteed amount, at September 30, 2013, the maximum potential amount of future payments under lease guarantees, assuming the leased equipment was deemed worthless at the end of the lease term, was approximately $15,500. The fair values of residual lease guarantees were not material at September 30, 2013. | ||||
The Partnership enters into fixed-price and variable-price contracts with suppliers to purchase a portion of its propane supply requirements. Obligations under these contracts existing at September 30, 2013, are: Fiscal 2014 - $176,866; Fiscal 2015 - $97,104; Fiscal 2016 - $22,239. | ||||
The Partnership also enters into contracts to purchase propane to meet additional supply requirements. Generally, these contracts are one- to three-year agreements subject to annual price and quantity adjustments. | ||||
Contingencies | ||||
Environmental Matters | ||||
Saranac Lake. By letter dated March 6, 2008, the New York State Department of Environmental Conservation (“DEC”) notified AmeriGas OLP that DEC had placed property owned by the Partnership in Saranac Lake, New York, on its Registry of Inactive Hazardous Waste Disposal Sites. A site characterization study performed by DEC disclosed contamination related to former manufactured gas plant (“MGP”) operations on the site. DEC has classified the site as a significant threat to public health or environment with further action required. The Partnership has researched the history of the site and its ownership interest in the site. The Partnership has reviewed the preliminary site characterization study prepared by the DEC, the extent of the contamination, and the possible existence of other potentially responsible parties. The Partnership communicated the results of its research to DEC in January 2009. There have been no recent developments in this matter. Because of the preliminary nature of available environmental information, the ultimate amount or range of possible clean up costs cannot be reasonably estimated. | ||||
Claremont, New Hampshire and Chestertown, Maryland. In connection with the Heritage Acquisition on January 12, 2012, a predecessor of Titan Propane, LLC (“Titan LLC”), a former subsidiary acquired in the Heritage Acquisition, is purportedly the beneficial holder of title with respect to two former MGPs discussed below. The Contribution Agreement provides for indemnification from ETP for certain expenses associated with remediation of these sites. By letter dated September 30, 2010, the EPA notified Titan LLC that it may be a potentially responsible party (“PRP”) for cleanup costs associated with contamination at a former MGP in Claremont, New Hampshire. In June 2010, the Maryland Attorney General (“MAG”) identified Titan LLC as a PRP in connection with contamination at a former MGP in Chestertown, Maryland and requested that Titan LLC participate in characterization and remediation activities. Titan LLC has supplied the EPA and MAG with corporate and bankruptcy information for its predecessors to support its claim that it is not liable for any remediation costs at the sites. Because of the preliminary nature of available environmental information, the ultimate amount or range of possible clean up costs, if any, cannot be reasonably estimated. | ||||
Other Matters | ||||
Cylinder Investigation. On or about October 21, 2009, the General Partner received a notice that the Offices of the District Attorneys of Santa Clara, Sonoma, Ventura, San Joaquin and Fresno Counties and the City Attorney of San Diego (the “District Attorneys”) have commenced an investigation into AmeriGas OLP’s cylinder labeling and filling practices in California as a result of the Partnership’s decision in 2008 to reduce the volume of propane in cylinders it sells to consumers from 17 pounds to 15 pounds. At that time, the District Attorneys issued an administrative subpoena seeking documents and information relating to those practices. We have responded to the administrative subpoena. On or about July 20, 2011, the General Partner received a second subpoena from the District Attorneys. The subpoena sought additional information and documents regarding AmeriGas OLP’s cylinder exchange program and we responded to that subpoena. In connection with this matter, the District Attorneys have investigated the General Partner with respect to potential violations of California’s antitrust and unfair competition laws, California’s slack-fill law, and California’s principal false advertising statute. On November 20, 2013, the District Attorneys filed a complaint against the General Partner and AmeriGas OLP and simultaneously filed a proposed stipulated final consent judgment (the “Judgment”) which, subject to court approval, resolves all claims against those defendants, which were known to the District Attorneys as of that date. The Judgment requires the General Partner to pay a civil penalty and to certain injunctive relief including the posting of a consumer notice on all cylinder cages in California. That notice informs consumers of the reduction of propane in weight from 17 pounds to 15 pounds. This settlement agreement will not have a material effect on our consolidated financial position, results of operations or cash flows. | ||||
Federal Trade Commission Investigation of Propane Grill Cylinder Filling Practices. On or about November 4, 2011, the General Partner received notice that the Federal Trade Commission (“FTC”) is conducting an antitrust and consumer protection investigation into certain practices of the Partnership which relate to the filling of portable propane cylinders. On February 2, 2012, the Partnership received a Civil Investigative Demand from the FTC that requested documents and information concerning, among other things, (i) the Partnership’s decision, in 2008, to reduce the volume of propane in cylinders it sells to consumers from 17 pounds to 15 pounds and (ii) cross-filling, related service arrangements and communications regarding the foregoing with competitors. The Partnership responded to that subpoena and has continued to cooperate with the FTC’s requests for information. The Partnership believes it has good defenses to any claims that may result from this investigation. We are not able to assess the financial impact this investigation or any related claims may have on the Partnership. | ||||
Purported Class Action Lawsuit. In 2005, Samuel and Brenda Swiger (the “Swigers”) filed what purports to be a class action in the Circuit Court of Harrison County, West Virginia, against UGI, an insurance subsidiary of UGI, certain officers of UGI and the General Partner, and their insurance carriers and insurance adjusters. In this lawsuit, the Swigers are seeking compensatory and punitive damages on behalf of the putative class for alleged violations of the West Virginia Insurance Unfair Trade Practice Act, negligence, intentional misconduct, and civil conspiracy. The Court has not certified the class and, in October 2008, stayed the lawsuit pending resolution of a separate, but related class action lawsuit filed against AmeriGas OLP in Monongalia County, which was settled in Fiscal 2011. We believe we have good defenses to the claims in this action. | ||||
We cannot predict the final results of any of the environmental or other pending claims or legal actions described above. However, it is reasonably possible that some of them could be resolved unfavorably to us and result in losses in excess of recorded amounts. We are unable to estimate any possible losses in excess of recorded amounts. Although we currently believe, after consultation with counsel, that damages or settlements in amounts in excess of recorded amounts, if any, recovered by the plaintiffs in such claims or actions will not have a material adverse effect on our financial position, damages or settlements could be material to our operating results or cash flows in future periods depending on the nature and timing of future developments with respect to these matters and the amounts of future operating results and cash flows. In addition to the matters described above, there are other pending claims and legal actions arising generally in the normal course of our businesses. We believe, after consultation with counsel, the final outcome of such other matters will not have a material effect on our consolidated financial position, results of operations or cash flows. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Related Party Transactions | |
Pursuant to the Partnership Agreement and, prior to the Merger, a management services agreement among Heritage Operating GP, LLC (“HOLP GP”), HOLP and the General Partner, the General Partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of the Partnership. These costs, which totaled $540,273 in Fiscal 2013, $374,899 in Fiscal 2012, and $363,392 in Fiscal 2011, include employee compensation and benefit expenses of employees of the General Partner and general and administrative expenses. | |
UGI provides certain financial and administrative services to the General Partner. UGI bills the General Partner monthly for all direct and indirect corporate expenses incurred in connection with providing these services and the General Partner is reimbursed by the Partnership for these expenses. The allocation of indirect UGI corporate expenses to the Partnership utilizes a weighted, three-component formula based on the relative percentage of the Partnership’s revenues, operating expenses and net assets employed to the total of such items for all UGI operating subsidiaries for which general and administrative services are provided. The General Partner believes that this allocation method is reasonable and equitable to the Partnership. Such corporate expenses totaled $18,568 in Fiscal 2013, $10,138 in Fiscal 2012 and $10,805 in Fiscal 2011. In addition, UGI and certain of its subsidiaries provide office space, stop loss medical coverage and automobile liability insurance to the Partnership. The costs related to these items totaled $4,543 in Fiscal 2013, $3,760 in Fiscal 2012 and $3,184 in Fiscal 2011. | |
From time to time, AmeriGas OLP purchases propane on an as needed basis from UGI Energy Services, Inc. (“Energy Services”). The price of the purchases are generally based on market price at the time of purchase. Purchases of propane by AmeriGas OLP from Energy Services totaled $1,979, $359 and $4,073 during Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively. | |
In addition, the Partnership sells propane to affiliates of UGI. Such amounts were not material in Fiscal 2013, Fiscal 2012 or Fiscal 2011. |
Other_Current_Liabilities
Other Current Liabilities | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Payables and Accruals [Abstract] | ' | |||||||
Other Current Liabilities | ' | |||||||
Other Current Liabilities | ||||||||
Other current liabilities comprise the following at September 30: | ||||||||
2013 | 2012 | |||||||
Litigation, property and casualty liabilities | $ | 29,948 | $ | 38,581 | ||||
Taxes other than income taxes | 9,922 | 16,737 | ||||||
Propane exchange liabilities | 16,654 | 13,404 | ||||||
Deferred tank fee revenue | 22,044 | 24,296 | ||||||
Other | 15,775 | 16,216 | ||||||
Total other current liabilities | $ | 94,343 | $ | 109,234 | ||||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
Fair Value Measurements | ||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||
The following table presents our 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 September 30, 2013 and 2012: | ||||||||||||||||
Asset (Liability) | ||||||||||||||||
Quoted Prices in | Significant | Unobservable | Total | |||||||||||||
Active Markets | Other | Inputs | ||||||||||||||
for Identical | Observable | (Level 3) | ||||||||||||||
Assets and | Inputs | |||||||||||||||
Liabilities | (Level 2) | |||||||||||||||
(Level 1) | ||||||||||||||||
September 30, 2013: | ||||||||||||||||
Assets: | ||||||||||||||||
Derivative financial instruments: | ||||||||||||||||
Commodity contracts | $ | — | $ | 18,252 | $ | — | $ | 18,252 | ||||||||
Liabilities: | ||||||||||||||||
Derivative financial instruments: | ||||||||||||||||
Commodity contracts | $ | — | $ | (135 | ) | $ | — | $ | (135 | ) | ||||||
September 30, 2012: | ||||||||||||||||
Assets: | ||||||||||||||||
Derivative financial instruments: | ||||||||||||||||
Commodity contracts | $ | — | $ | 2,089 | $ | — | $ | 2,089 | ||||||||
Liabilities: | ||||||||||||||||
Derivative financial instruments: | ||||||||||||||||
Commodity contracts | $ | — | $ | (42,598 | ) | $ | — | $ | (42,598 | ) | ||||||
The fair values of our non-exchange traded commodity derivative contracts included in Level 2 are based upon indicative price quotations available through brokers, industry price publications or recent market transactions and related market indicators. For commodity option contracts not traded on an exchange, we use a Black Scholes option pricing model that considers time value and volatility of the underlying commodity. | ||||||||||||||||
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 September 30, 2013, the carrying amount and estimated fair value of our long-term debt (including current maturities) were $2,300,111 and $2,393,581, respectively. At September 30, 2012, the carrying amount and estimated fair value of our long-term debt (including current maturities) were $2,328,069 and $2,493,053, respectively. We estimate the fair value of long-term debt by using current market prices and by discounting future cash flows using rates available for similar type debt (Level 2). | ||||||||||||||||
We have other financial instruments such as short-term investments and trade accounts receivable which could expose us to concentrations of credit risk. We limit our credit risk from short-term investments by investing only in investment-grade commercial paper and U.S. Government securities. The credit risk from trade accounts receivable is limited because we have a large customer base which extends across many different U.S. markets. |
Disclosures_About_Derivative_I
Disclosures About Derivative Instruments, Hadging Activities | 12 Months Ended | ||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | ||||||||||||||||||||||||||
Disclosures About Derivative Instruments and Hedging Activities | |||||||||||||||||||||||||||
The Partnership is exposed to certain market risks related to its ongoing business operations. Management uses derivative financial and commodity instruments, among other things, to manage these risks. The primary risks managed by derivative instruments are commodity price risk and interest rate risk. Although we use derivative financial and commodity instruments to reduce market risk associated with forecasted transactions, we do not use derivative financial and commodity instruments for speculative or trading purposes. The use of derivative instruments is controlled by our risk management and credit policies which govern, among other things, the derivative instruments the Partnership can use, counterparty credit limits and contract authorization limits. Because a substantial portion of our derivative instruments generally qualify as hedges under GAAP, we expect that changes in the fair value of derivative instruments used to manage commodity or interest rate market risk would be substantially offset by gains or losses on the associated anticipated transactions. | |||||||||||||||||||||||||||
Commodity Price Risk | |||||||||||||||||||||||||||
In order to manage market risk associated with the Partnership’s fixed-price programs which permit customers to lock in the prices they pay for propane principally during the months of October through March, the Partnership uses over-the-counter derivative commodity instruments, principally price swap contracts. At September 30, 2013 and 2012, there were 206.1 million gallons and 231.4 million gallons, respectively, of propane hedged with over-the-counter price swap and option contracts that qualify for hedge accounting. At September 30, 2013, the maximum period over which we are hedging propane market price risk is 24 months with a weighted average of 7 months. In addition, the Partnership from time to time enters into price swap and put option agreements to reduce the effects of short-term commodity price volatility which agreements are generally not designated as hedges for accounting purposes. | |||||||||||||||||||||||||||
We account for a significant portion of our commodity price risk contracts as cash flow hedges. Changes in the fair values of contracts qualifying for cash flow hedge accounting are recorded in AOCI and noncontrolling interest, to the extent effective in offsetting changes in the underlying commodity price risk, until earnings are affected by the hedged item. At September 30, 2013, the amount of net gains associated with commodity price risk hedges expected to be reclassified into earnings during the next twelve months based upon current fair values is $14,786. | |||||||||||||||||||||||||||
Interest Rate Risk | |||||||||||||||||||||||||||
Our long-term debt is typically issued at fixed rates of interest. As these long-term debt issues mature, we typically refinance such debt with new debt having interest rates reflecting then-current market conditions. In order to reduce market rate risk on the underlying benchmark rate of interest associated with near- to medium-term forecasted issuances of fixed-rate debt, from time to time we enter into interest rate protection agreements (“IRPAs”). We account for IRPAs as cash flow hedges. Changes in the fair values of IRPAs are recorded in AOCI, to the extent effective in offsetting changes in the underlying interest rate risk, until earnings are affected by the hedged interest expense. There were no settled or unsettled amounts relating to IRPAs at September 30, 2013 or 2012. | |||||||||||||||||||||||||||
Derivative Financial Instruments Credit Risk | |||||||||||||||||||||||||||
The Partnership is exposed to credit loss in the event of nonperformance by counterparties to derivative financial and commodity instruments. Our counterparties principally consist of major energy companies and major U.S. financial institutions. We maintain credit policies with regard to our counterparties that we believe reduce overall credit risk. These policies include evaluating and monitoring our 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 the Partnership in the forms of letters of credit, parental guarantees or cash. Although we have 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, we would incur if these counterparties that make up the concentration failed to perform according to the terms of their contracts was not material at September 30, 2013. Certain of our derivative contracts have credit-risk-related contingent features that may require the posting of additional collateral in the event of a downgrade in the Partnership’s debt rating. At September 30, 2013, if the credit-risk-related contingent features were triggered, the amount of collateral required to be posted would not be material. | |||||||||||||||||||||||||||
The following table provides information regarding the fair values and balance sheet locations of our derivative assets and liabilities existing as of September 30, 2013 and 2012: | |||||||||||||||||||||||||||
Derivative Assets | Derivative (Liabilities) | ||||||||||||||||||||||||||
Balance Sheet | Fair Value | Balance Sheet | Fair Value | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||
Location | 2013 | 2012 | Location | 2013 | 2012 | ||||||||||||||||||||||
Derivatives Designated as | |||||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||||
Propane contracts | Derivative financial instruments | $ | 14,981 | $ | 2,089 | Derivative financial | $ | (135 | ) | $ | (42,598 | ) | |||||||||||||||
and Other assets | instruments and Other noncurrent liabilities | ||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | |||||||||||||||||||||||||||
Propane contracts | Derivative financial instruments and Other assets | 3,271 | — | — | — | ||||||||||||||||||||||
Total Derivatives | $ | 18,252 | $ | 2,089 | (135 | ) | (42,598 | ) | |||||||||||||||||||
The following table provides information on the effects of derivative instruments on the Consolidated Statements of Operations and changes in AOCI and noncontrolling interest for Fiscal 2013, Fiscal 2012 and Fiscal 2011: | |||||||||||||||||||||||||||
Gain (Loss) Recognized in | Gain (Loss) Reclassified from | Location of Gain (Loss) | |||||||||||||||||||||||||
AOCI and Noncontrolling | AOCI and Noncontrolling | Reclassified from | |||||||||||||||||||||||||
Interest | Interest into Income | AOCI and Noncontrolling | |||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | Interest into Income | |||||||||||||||||||||
Cash Flow Hedges: | |||||||||||||||||||||||||||
Propane contracts | $ | 6,647 | $ | (86,573 | ) | $ | 22,275 | $ | (52,503 | ) | $ | (47,569 | ) | $ | 35,292 | Cost of sales | |||||||||||
Interest rate contracts | — | — | — | — | — | (3,049 | ) | Interest expense/loss on extinguishments of debt | |||||||||||||||||||
Total | $ | 6,647 | $ | (86,573 | ) | $ | 22,275 | $ | (52,503 | ) | $ | (47,569 | ) | $ | 32,243 | ||||||||||||
Gain (Loss) | Location of Gain (Loss) | ||||||||||||||||||||||||||
Recognized in Income | Recognized in Income | ||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | 2013 | 2012 | 2011 | ||||||||||||||||||||||||
Propane contracts | $ | 1,848 | $ | (14,883 | ) | $ | — | Cost of sales | |||||||||||||||||||
The amounts of derivative gains or losses representing ineffectiveness, and the amounts of gains or losses recognized in income as a result of excluding derivatives from ineffectiveness testing, were not material for Fiscal 2013, Fiscal 2012 or Fiscal 2011. During Fiscal 2012, the Partnership entered into propane swap and put option contracts to reduce short-term volatility in propane prices associated with a portion of its forecasted propane purchases during the months of April 2012 to August 2012. These contracts did not qualify for hedge accounting treatment and the change in fair value was recorded through cost of sales in the Consolidated Statements of Income. Net realized losses recognized in income related to these contracts are included in the table above under the caption “derivatives not designated as hedging instruments.” | |||||||||||||||||||||||||||
As a result of the Partnership’s refinancing of its 7.125% Senior Notes (see Note 6), during the three months ended September 30, 2011, the Partnership discontinued cash flow hedge accounting for settled but unamortized IRPA losses associated with the 7.125% Senior Notes and recorded a loss of $2,556 which amount is included in loss on extinguishments of debt on the Fiscal 2011 Consolidated Statement of Operations. | |||||||||||||||||||||||||||
We are also a party to a number of contracts that have elements of a derivative instrument. These contracts include, among others, binding purchase orders, contracts which provide for the purchase and delivery of propane and service contracts that require the counterparty to provide commodity storage or transportation service to meet our normal sales commitments. Although many of these contracts have the requisite elements of a derivative instrument, these contracts qualify for normal purchase and normal sales exception accounting under GAAP because they provide for the delivery of products or services in quantities that are expected to be used in the normal course of operating our business and the price in the contract is based on an underlying that is directly associated with the price of the product or service being purchased or sold. |
Other_Income_Net
Other Income, Net | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||
Other Income, Net | ' | |||||||||||
Other Income, Net | ||||||||||||
Other income, net, comprises the following: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Gains on sales of fixed assets | $ | 4,115 | $ | 3,169 | $ | 2,222 | ||||||
Finance charges | 21,390 | 18,841 | 15,111 | |||||||||
Other | 6,998 | 4,511 | 8,230 | |||||||||
Total other income, net | $ | 32,503 | $ | 26,521 | $ | 25,563 | ||||||
Quarterly_Data_Unaudited
Quarterly Data (Unaudited) | 12 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||
Quarterly Data (Unaudited) | ' | |||||||||||||||||||||||||||||||
Quarterly Data (Unaudited) | ||||||||||||||||||||||||||||||||
The following unaudited quarterly data includes all adjustments (consisting only of normal recurring adjustments with the exception of those indicated below) which we consider necessary for a fair presentation. Our quarterly results fluctuate because of the seasonal nature of our propane business. | ||||||||||||||||||||||||||||||||
December 31, | March 31, | June 30, | September 30, | |||||||||||||||||||||||||||||
2012 | 2011 | 2013 (a) | 2012 (b) | 2013 (a) | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Revenues | $ | 876,647 | $ | 683,812 | $ | 1,176,207 | $ | 1,155,574 | $ | 581,719 | $ | 571,945 | $ | 531,970 | $ | 510,285 | ||||||||||||||||
Operating income (loss) | $ | 139,866 | $ | 60,096 | $ | 257,505 | $ | 195,047 | $ | 6,639 | $ | (48,288 | ) | $ | (11,816 | ) | $ | (36,263 | ) | |||||||||||||
(Loss) gain on extinguishments of debt | $ | — | $ | — | $ | — | $ | (13,379 | ) | $ | — | $ | 30 | $ | — | $ | — | |||||||||||||||
Net income (loss) | $ | 98,043 | $ | 43,113 | $ | 215,781 | $ | 135,859 | $ | (34,549 | ) | $ | (89,903 | ) | $ | (54,184 | ) | $ | (76,398 | ) | ||||||||||||
Net income (loss) attributable to AmeriGas Partners, L.P. | $ | 96,665 | $ | 42,525 | $ | 213,208 | $ | 133,885 | $ | (34,595 | ) | $ | (89,382 | ) | $ | (54,056 | ) | $ | (76,003 | ) | ||||||||||||
Income (loss) per limited partner unit (c): | ||||||||||||||||||||||||||||||||
Basic | $ | 0.93 | $ | 0.55 | $ | 1.56 | $ | 1.26 | $ | (0.43 | ) | $ | (1.00 | ) | $ | (0.63 | ) | $ | (0.86 | ) | ||||||||||||
Diluted | $ | 0.93 | $ | 0.55 | $ | 1.56 | $ | 1.26 | $ | (0.43 | ) | $ | (1.00 | ) | $ | (0.63 | ) | $ | (0.86 | ) | ||||||||||||
(a) | The Partnership recorded the cumulative effect of an error in accounting for certain customer credits as of January 1, 2013, which decreased revenues and operating income by $7,038, and decreased net income attributable to AmeriGas Partners, L.P. by $6,967, for the three months ended March 31, 2013. The correction of the error in accounting for customer credits increased propane revenues and operating income by $3,600, and decreased net loss attributable to AmeriGas Partners, L.P. by $3,564, for the three months ended June 30, 2013 (see Note 2). | |||||||||||||||||||||||||||||||
(b) | Includes loss on extinguishment of debt which decreased net income and net income attributable to AmeriGas Partners, L.P. by $13,379 (see Note 6). | |||||||||||||||||||||||||||||||
(c) | Theoretical distributions of net income (loss) attributable to AmeriGas Partners, L.P. in accordance with accounting guidance regarding the application of the two-class method for determining earnings per share (see Note 2) resulted in a different allocation of net income attributable to AmeriGas Partners, L.P. to the General Partner and the limited partners in the computation of income per limited partner unit which had the effect of decreasing quarterly earnings per limited partner unit for the quarters ended December 31 and March 31 as follows: | |||||||||||||||||||||||||||||||
December 31, | March 31, | |||||||||||||||||||||||||||||||
Quarter ended: | 2012 | 2011 | 2013 | 2012 | ||||||||||||||||||||||||||||
Decrease in income per limited partner unit | $ | (0.06 | ) | $ | (0.16 | ) | $ | (0.66 | ) | $ | (0.30 | ) |
Condensed_Financial_Informatio
Condensed Financial Information Of Registrant (Parent Company) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||
Condensed Financial Information Of Registrant (Parent Company) | ' | |||||||||||
AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES | ||||||||||||
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY) | ||||||||||||
BALANCE SHEETS | ||||||||||||
(Thousands of dollars) | ||||||||||||
September 30, | ||||||||||||
2013 | 2012 | |||||||||||
ASSETS | ||||||||||||
Current assets: | ||||||||||||
Cash | $ | 262 | $ | 708 | ||||||||
Accounts receivable — related party | 6,479 | 3,108 | ||||||||||
Prepaids and other current assets | 1,155 | 1,154 | ||||||||||
Total current assets | 7,896 | 4,970 | ||||||||||
Investment in AmeriGas Propane, L.P. | 3,648,909 | 3,693,018 | ||||||||||
Other assets | 27,300 | 31,198 | ||||||||||
Total assets | $ | 3,684,105 | $ | 3,729,186 | ||||||||
LIABILITIES AND PARTNERS’ CAPITAL | ||||||||||||
Current liabilities: | ||||||||||||
Current maturities of long-term debt | $ | — | $ | — | ||||||||
Accounts payable and other liabilities | 495 | 503 | ||||||||||
Accrued interest | 47,662 | 48,730 | ||||||||||
Total current liabilities | 48,157 | 49,233 | ||||||||||
Long-term debt | 2,250,845 | 2,250,845 | ||||||||||
Commitments and contingencies | ||||||||||||
Partners’ capital: | ||||||||||||
Common unitholders | 1,354,187 | 1,455,702 | ||||||||||
General partner | 15,930 | 16,975 | ||||||||||
Accumulated other comprehensive income (loss) | 14,986 | (43,569 | ) | |||||||||
Total partners’ capital | 1,385,103 | 1,429,108 | ||||||||||
Total liabilities and partners’ capital | $ | 3,684,105 | $ | 3,729,186 | ||||||||
Commitments and Contingencies: | ||||||||||||
There are no scheduled principal repayments of long-term debt during the next five fiscal years. | ||||||||||||
AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES | ||||||||||||
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY) | ||||||||||||
STATEMENTS OF OPERATIONS | ||||||||||||
(Thousands of dollars) | ||||||||||||
Year Ended | ||||||||||||
September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Operating (expenses) income, net | $ | (289 | ) | $ | (3,568 | ) | $ | 75 | ||||
Loss on extinguishments of debt | — | (13,349 | ) | (38,117 | ) | |||||||
Interest expense | (154,593 | ) | (133,372 | ) | (58,701 | ) | ||||||
Loss before income taxes | (154,882 | ) | (150,289 | ) | (96,743 | ) | ||||||
Income tax expense | 1 | 3 | 7 | |||||||||
Loss before equity in income of AmeriGas Propane, L.P. | (154,883 | ) | (150,292 | ) | (96,750 | ) | ||||||
Equity in income of AmeriGas Propane, L.P. | 376,105 | 161,317 | 235,273 | |||||||||
Net income | $ | 221,222 | $ | 11,025 | $ | 138,523 | ||||||
General partner’s interest in net income | $ | 21,498 | $ | 13,119 | $ | 6,422 | ||||||
Limited partners’ interest in net income | $ | 199,724 | $ | (2,094 | ) | $ | 132,101 | |||||
Income (loss) per limited partner unit — basic and diluted: | $ | 2.14 | $ | (0.11 | ) | $ | 2.3 | |||||
Average limited partner units outstanding — basic (thousands) | 92,832 | 81,433 | 57,119 | |||||||||
Average limited partner units outstanding — diluted (thousands) | 92,910 | 81,433 | 57,170 | |||||||||
AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES | ||||||||||||
SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY) | ||||||||||||
STATEMENTS OF CASH FLOWS | ||||||||||||
(Thousands of dollars) | ||||||||||||
Year | ||||||||||||
Ended | ||||||||||||
September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES (a) | $ | 325,320 | $ | 170,598 | $ | 156,523 | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||
Acquisitions of businesses, net of cash acquired | — | (1,411,451 | ) | — | ||||||||
Contributions to AmeriGas Propane, L.P. | — | (60,748 | ) | (77,135 | ) | |||||||
Net cash used by investing activities | — | (1,472,199 | ) | (77,135 | ) | |||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||
Distributions | (327,000 | ) | (271,839 | ) | (171,821 | ) | ||||||
Issuance of long-term debt | — | 1,524,174 | 904,210 | |||||||||
Repayments of long-term debt | — | (232,844 | ) | (810,232 | ) | |||||||
Proceeds from issuance of Common Units in public unit offering | — | 276,562 | — | |||||||||
Proceeds associated with equity based compensation plans, net of tax withheld | 1,221 | 951 | 616 | |||||||||
Capital contribution from General Partner | 13 | 2,824 | 18 | |||||||||
Net cash (used) provided by financing activities | (325,766 | ) | 1,299,828 | (77,209 | ) | |||||||
(Decrease) increase in cash and cash equivalents | $ | (446 | ) | $ | (1,773 | ) | $ | 2,179 | ||||
CASH AND CASH EQUIVALENTS: | ||||||||||||
End of year | $ | 262 | $ | 708 | $ | 2,481 | ||||||
Beginning of year | 708 | 2,481 | 302 | |||||||||
(Decrease) increase | $ | (446 | ) | $ | (1,773 | ) | $ | 2,179 | ||||
(a) | Includes cash distributions received from AmeriGas Propane, L.P. of $478,458, $334,527 and $222,635 for the years ended September 30, 2013, 2012 and 2011, respectively. |
Valuation_And_Qualifying_Accou
Valuation And Qualifying Accounts | 12 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||||||||
VALUATION AND QUALIFYING ACCOUNTS | ' | |||||||||||||||||
AMERIGAS PARTNERS, L.P. AND SUBSIDIARIES | ||||||||||||||||||
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS | ||||||||||||||||||
(Thousands of dollars) | ||||||||||||||||||
Balance at | Charged | Other | Balance at | |||||||||||||||
beginning | (credited) | end of | ||||||||||||||||
of year | to costs and | year | ||||||||||||||||
expenses | ||||||||||||||||||
Year Ended September 30, 2013 | ||||||||||||||||||
Reserves deducted from assets in the consolidated balance sheet: | ||||||||||||||||||
Allowance for doubtful accounts | $ | 17,217 | $ | 16,477 | $ | (15,142 | ) | -1 | $ | 18,552 | ||||||||
Year Ended September 30, 2012 | ||||||||||||||||||
Reserves deducted from assets in the consolidated balance sheet: | ||||||||||||||||||
Allowance for doubtful accounts | $ | 17,181 | $ | 15,088 | $ | (15,052 | ) | -1 | $ | 17,217 | ||||||||
Year Ended September 30, 2011 | ||||||||||||||||||
Reserves deducted from assets in the consolidated balance sheet: | ||||||||||||||||||
Allowance for doubtful accounts | $ | 15,290 | $ | 12,807 | $ | (10,916 | ) | -1 | $ | 17,181 | ||||||||
-1 | Uncollectible accounts written off, net of recoveries. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 12 Months Ended | |
Sep. 30, 2013 | ||
Accounting Policies [Abstract] | ' | |
Basis of Presentation | ' | |
Basis of Presentation. Our financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). | ||
The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and costs. These estimates are based on management’s knowledge of current events, historical experience and various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may be different from these estimates and assumptions. | ||
Principles of Consolidation | ' | |
Principles of Consolidation. The consolidated financial statements include the accounts of AmeriGas Partners and its majority-owned subsidiaries. We eliminate all significant intercompany accounts and transactions when we consolidate. | ||
Finance Corps | ' | |
Finance Corps. AmeriGas Finance Corp., AP Eagle Finance Corp. and AmeriGas Finance LLC are 100%-owned finance subsidiaries of AmeriGas Partners. Their sole purpose is to serve as issuers or co-obligors for debt securities issued or guaranteed by AmeriGas Partners. | ||
Fair Value Measurements | ' | |
Fair Value Measurements. We apply fair value measurements to certain assets and liabilities principally our commodity and interest rate derivative instruments. Fair value in GAAP is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. Fair value is based upon assumptions that market participants would use when pricing an asset or liability, including assumptions about risk and risks inherent in valuation techniques and inputs to valuations. This includes not only the credit standing of counterparties and credit enhancements but also the impact of our own nonperformance risk on our liabilities. Fair value measurements require that we assume that the transaction occurs in the principal market for the asset or liability or in the absence of a principal market, the most advantageous market for the asset or liability (the market for which the reporting entity would be able to maximize the amount received or minimize the amount paid). We evaluate the need for credit adjustments to our derivative instrument fair values in accordance with the requirements noted above. Such adjustments were not material to the fair values of our derivative instruments. | ||
We use the following fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: | ||
• | Level 1 — Quoted prices (unadjusted) in active markets for identical assets and liabilities that we have the ability to access at the measurement date. We did not have any derivative financial instruments categorized as Level 1 at September 30, 2013 or 2012. | |
• | Level 2 — Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived from observable market data by correlation or other means. Instruments categorized in Level 2 include non-exchange traded derivatives such as over-the-counter commodity price swap and option contracts and interest rate protection agreements. | |
• | Level 3 — Unobservable inputs for the asset or liability including situations where there is little, if any, market activity for the asset or liability. We did not have any derivative financial instruments categorized as Level 3 at September 30, 2013 or 2012. | |
The fair value hierarchy gives the highest priority to quoted prices in active markets (Level 1) and the lowest priority to unobservable data (Level 3). In some cases, the inputs to measure fair value might fall into different levels of the fair value hierarchy. The lowest level input that is significant to a fair value measurement in its entirety determines the applicable level in the fair value hierarchy. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgment, considering factors specific to the asset or liability. See Note 15 for additional information on fair value measurements. | ||
Derivative Instruments | ' | |
Derivative Instruments. We account for derivative instruments and hedging activities in accordance with guidance provided by the Financial Accounting Standards Board (“FASB”) which requires that all derivative instruments be recognized as either assets or liabilities and measured at fair value. The accounting for changes in fair value depends upon the purpose of the derivative instrument and whether it is designated and qualifies for hedge accounting. | ||
A substantial portion of our derivative financial instruments is designated and qualifies as for accounting as cash flow hedges. For cash flow hedges, changes in the fair value of the derivative financial instruments are recorded in accumulated other comprehensive income (“AOCI”) or noncontrolling interest, to the extent effective at offsetting changes in the hedged item, until earnings are affected by the hedged item. We discontinue cash flow hedge accounting if the occurrence of the forecasted transaction is determined to be no longer probable. Cash flows from derivative financial instruments are included in cash flows from operating activities. | ||
For a more detailed description of the derivative instruments we use, our accounting for derivatives, our objectives for using them and related supplemental information required by GAAP, see Note 16. | ||
Revenue Recognition | ' | |
Revenue Recognition. Revenues from the sale of propane are recognized principally upon delivery. Revenues from the sale of appliances and equipment are recognized at the later of sale or installation. Revenues from repair or maintenance services are recognized upon completion of services. Revenues from annually billed fees are recorded on a straight-line basis over one year. We present revenue-related taxes collected from customers and remitted to taxing authorities, principally sales and use taxes, on a net basis. | ||
Delivery Expenses | ' | |
Delivery Expenses. Expenses associated with the delivery of propane to customers (including vehicle expenses, expenses of delivery personnel, vehicle repair and maintenance and general liability expenses) are classified as operating and administrative expenses on the Consolidated Statements of Operations. Depreciation expense associated with delivery vehicles is classified in depreciation on the Consolidated Statements of Operations. | ||
Income Taxes | ' | |
Income Taxes. AmeriGas Partners and the Operating Partnership are not directly subject to federal income taxes. Instead, their taxable income or loss is allocated to their individual partners. The Operating Partnership has corporate subsidiaries which are directly subject to federal and state income taxes. Accordingly, our consolidated financial statements reflect income taxes related to these corporate subsidiaries. Legislation in certain states allows for taxation of partnerships’ income and the accompanying financial statements reflect state income taxes resulting from such legislation. Net income for financial statement purposes may differ significantly from taxable income reportable to unitholders. This is a result of (1) differences between the tax basis and financial reporting basis of assets and liabilities and (2) the taxable income allocation requirements of the Fourth Amended and Restated Agreement of Limited Partnership of AmeriGas Partners, L.P., as amended (“Partnership Agreement”) and the Internal Revenue Code. | ||
Comprehensive Income (Loss) | ' | |
Comprehensive Income (Loss). Comprehensive income (loss) comprises net income and other comprehensive income (loss). Other comprehensive income (loss) results from gains and losses on derivative instruments qualifying as cash flow hedges. | ||
Cash and Cash Equivalents | ' | |
Cash and Cash Equivalents. All highly liquid investments with maturities of three months or less when purchased are classified as cash equivalents. | ||
Inventories | ' | |
Inventories. Our inventories are stated at the lower of cost or market. We determine cost using an average cost method for propane, specific identification for appliances and the first-in, first-out (“FIFO”) method for all other inventories. | ||
Property, Plant and Equipment and Related Depreciation | ' | |
Property, Plant and Equipment and Related Depreciation. We record property, plant and equipment at cost. The amounts we assign to property, plant and equipment of acquired businesses are based upon estimated fair value at date of acquisition. | ||
We compute depreciation expense on plant and equipment using the straight-line method over estimated service lives generally ranging from 15 to 40 years for buildings and improvements; 7 to 30 years for storage and customer tanks and cylinders; and 2 to 10 years for vehicles, equipment and office furniture and fixtures. Costs to install Partnership-owned tanks at customer locations, net of amounts billed to customers, are capitalized and depreciated over the estimated period of benefit not exceeding ten years. | ||
We include in property, plant and equipment costs associated with computer software we develop or obtain for use in our business. We amortize computer software costs on a straight-line basis over expected periods of benefit not exceeding 10 years once the installed software is ready for its intended use. | ||
Goodwill and Intangible Assets | ' | |
Goodwill and Intangible Assets. In accordance with GAAP relating to intangible assets, we amortize intangible assets over their estimated useful lives unless we determine their lives to be indefinite. We review identifiable intangible assets subject to amortization for impairment whenever events or changes in circumstances indicate that the associated carrying amounts may not be recoverable. Determining whether an impairment loss occurred requires comparing the carrying amount to the sum of undiscounted cash flows expected to be generated by the asset. Intangible assets with indefinite lives are not amortized but are tested annually for impairment and written down to fair value as required. | ||
We do not amortize goodwill, but test it at least annually for impairment at the reporting unit level. A reporting unit is an operating segment or one level below an operating segment (a component) if discrete financial information is prepared and regularly reviewed by segment management. We are required to recognize an impairment charge under GAAP if the carrying amount of the reporting unit exceeds its fair value and the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill. Fair value is estimated using a market value approach taking into account the market price of AmeriGas Partners Common Units. The Partnership adopted new accounting guidance regarding goodwill impairment during Fiscal 2012 which permits us, in certain circumstances, to perform a qualitative approach to determine if it is more likely than not that the carrying value of a reporting unit is greater than its fair value. | ||
Impairment of Long-Lived Assets | ' | |
Impairment of Long-Lived Assets. We evaluate the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We evaluate recoverability based upon undiscounted future cash flows expected to be generated by such assets. | ||
Customer Deposits | ' | |
Customer Deposits. We offer certain of our customers prepayment programs which require customers to pay a fixed periodic amount or to otherwise prepay a portion of their anticipated propane purchases. Customer prepayments, in excess of associated billings, are classified as customer deposits and advances on the Consolidated Balance Sheets. | ||
Equity-Based Compensation | ' | |
Equity-Based Compensation. The General Partner may grant Common Unit awards (as further described in Note 11) to employees and non-employee Directors under its Common Unit plans, and employees of the General Partner may be granted stock options for UGI Common Stock. All of our equity-based compensation is measured at fair value on the grant date, date of modification or end of the period, as applicable, and recognized in earnings over the requisite service period. Depending upon the settlement terms of the awards, all or a portion of the fair value of equity-based awards may be presented as a liability or as equity in our Consolidated Balance Sheets. Equity-based compensation costs associated with the portion of Common Unit awards classified as equity are measured based upon their estimated fair value on the date of grant or modification. Equity-based compensation costs associated with the portion of Common Unit awards classified as liabilities are measured based upon their estimated fair value at the grant date and remeasured as of the end of each period. For a further description of our equity-based compensation plans and related disclosures, see Note 11. | ||
Environmental Matters | ' | |
Environmental Matters. We are subject to environmental laws and regulations intended to mitigate or remove the effect of past operations and improve or maintain the quality of the environment. These laws and regulations require the removal or remedy of the effect on the environment of the disposal or release of certain specified hazardous substances at current or former operating sites. | ||
Environmental reserves are accrued when assessments indicate that it is probable that a liability has been incurred and an amount can reasonably be estimated. Amounts recorded as environmental liabilities on the balance sheets represent our best estimate of costs expected to be incurred or, if no best estimate can be made, the minimum liability associated with a range of expected environmental investigation and remediation costs. Our estimated liability for environmental contamination is reduced to reflect anticipated participation of other responsible parties but is not reduced for possible recovery from insurance carriers. We do not discount to present value the costs of future expenditures for environmental liabilities. At September 30, 2013 and 2012, the Partnership’s accrued liabilities for environmental investigation and cleanup costs were not material. | ||
Allocation of Net Income | ' | |
Allocation of Net Income. Net income attributable to AmeriGas Partners, L.P. for partners’ capital and statement of operations presentation purposes is allocated to the General Partner and the limited partners in accordance with their respective ownership percentages after giving effect to amounts distributed to the General Partner in excess of its 1% general partner interest in AmeriGas Partners based on its incentive distribution rights (“IDRs”) under the Partnership Agreement (see Note 5). | ||
Net Income Per Unit | ' | |
Net Income (Loss) Per Unit. Income (loss) per limited partner unit is computed in accordance with GAAP regarding the application of the two-class method for determining income (loss) per unit for master limited partnerships (“MLPs”) when IDRs are present. The two-class method requires that income per limited partner unit be calculated as if all earnings for the period were distributed and requires a separate calculation for each quarter and year-to-date period. In periods when our net income attributable to AmeriGas Partners exceeds our Available Cash, as defined in the Partnership Agreement, and is above certain levels, the calculation according to the two-class method results in an increased allocation of undistributed earnings to the General Partner. Generally, in periods when our Available Cash in respect of the quarter or year-to-date periods exceeds our net income (loss) attributable to AmeriGas Partners, the calculation according to the two-class method results in an allocation of earnings to the General Partner greater than its relative ownership interest in the Partnership (or in the case of a net loss attributable to AmeriGas Partners, an allocation of such net loss to the Common Unitholders greater than their relative ownership interest in the Partnership). | ||
Segment Information | ' | |
Segment Information. We have determined that we have a single reportable operating segment that engages in the distribution of propane and related equipment and supplies. No single customer represents ten percent or more of consolidated revenues on an accrual basis. In addition, substantially all of our revenues are derived from sources within the United States and substantially all of our long-lived assets are located in the United States. |
Significant_Accounting_Policie2
Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Income per limited partner unit | ' | |||||||||||
The following table sets forth the numerators and denominators of the basic and diluted income (loss) per limited partner unit computations: | ||||||||||||
2013 | 2012 (a) | 2011 | ||||||||||
Common Unitholders’ interest in net income attributable to AmeriGas | ||||||||||||
Partners under the two-class method for MLPs | $ | 198,583 | $ | (9,156 | ) | $ | 131,482 | |||||
Weighted average Common Units outstanding — basic (thousands) | 92,832 | 81,433 | 57,119 | |||||||||
Potentially dilutive Common Units (thousands) | 78 | — | 51 | |||||||||
Weighted average Common Units outstanding — diluted (thousands) | 92,910 | 81,433 | 57,170 | |||||||||
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Business Combinations [Abstract] | ' | |||||||||||
Summary of components and allocation of the preliminary purchase price | ' | |||||||||||
The purchase price allocation was as follows: | ||||||||||||
Assets acquired: | ||||||||||||
Current assets | $ | 301,372 | ||||||||||
Property, plant & equipment | 890,215 | |||||||||||
Customer relationships (estimated useful life of 15 years) | 418,900 | |||||||||||
Trademarks and tradenames (a) | 91,100 | |||||||||||
Goodwill (a) | 1,217,717 | |||||||||||
Other assets | 9,947 | |||||||||||
Total assets acquired | $ | 2,929,251 | ||||||||||
Liabilities assumed: | ||||||||||||
Current liabilities | $ | (238,016 | ) | |||||||||
Long-term debt | (62,927 | ) | ||||||||||
Other noncurrent liabilities | (23,481 | ) | ||||||||||
Total liabilities assumed | $ | (324,424 | ) | |||||||||
Total | $ | 2,604,827 | ||||||||||
(a) During Fiscal 2013, the Partnership made correcting adjustments to trademarks and tradenames and goodwill which are not reflected in the table above (see Note 10). | ||||||||||||
Summary of pro forma consolidated results of operations | ' | |||||||||||
The following presents unaudited pro forma income statement and income per unit data for Fiscal 2012 and 2011 as if the Heritage Acquisition had occurred on October 1, 2010: | ||||||||||||
2012 | 2011 | |||||||||||
Revenues | $ | 3,413,331 | $ | 3,968,695 | ||||||||
Net income attributable to AmeriGas Partners | $ | 30,977 | $ | 149,743 | ||||||||
Income per limited partner unit: | ||||||||||||
Basic | $ | 0.17 | $ | 1.07 | ||||||||
Diluted | $ | 0.17 | $ | 1.07 | ||||||||
Allocation of Purchase Price to assets acquired and liabilities assumed | ' | |||||||||||
The total purchase price of these acquisitions has been allocated to the assets acquired and liabilities assumed as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Net current assets | $ | 691 | $ | 1,590 | $ | 2,462 | ||||||
Property, plant and equipment | 5,167 | 6,175 | 15,998 | |||||||||
Goodwill | 12,481 | 5,363 | 13,053 | |||||||||
Customer relationships and noncompete agreements (estimated useful life of 10 and 5 years, respectively) | 5,576 | 5,234 | 12,006 | |||||||||
Total | $ | 23,915 | $ | 18,362 | $ | 43,519 | ||||||
Quarterly_Distributions_of_Ava1
Quarterly Distributions of Available Cash (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Quarterly Distributions of Available Cash [Abstract] | ' | |||||||||||
Quarterly distributions of available cash per limited partner unit | ' | |||||||||||
Quarterly distributions of Available Cash per limited partner unit during Fiscal 2013, Fiscal 2012 and Fiscal 2011 were as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
1st Quarter | $ | 0.8 | $ | 0.74 | $ | 0.705 | ||||||
2nd Quarter | 0.8 | 0.7625 | 0.705 | |||||||||
3rd Quarter | 0.84 | 0.8 | 0.74 | |||||||||
4th Quarter | 0.84 | 0.8 | 0.74 | |||||||||
Debt_Tables
Debt (Tables) | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Net components of Long Term Debt | ' | |||||||
Long-term debt comprises the following at September 30: | ||||||||
2013 | 2012 | |||||||
AmeriGas Partners Senior Notes: | ||||||||
7.00%, due May 2022 | $ | 980,844 | $ | 980,844 | ||||
6.75%, due May 2020 | 550,000 | 550,000 | ||||||
6.50%, due May 2021 | 270,001 | 270,001 | ||||||
6.25%, due August 2019 | 450,000 | 450,000 | ||||||
HOLP Senior Secured Notes | 32,001 | 55,587 | ||||||
Other | 17,265 | 21,637 | ||||||
Total long-term debt | 2,300,111 | 2,328,069 | ||||||
Less: current maturities | (12,014 | ) | (30,706 | ) | ||||
Total long-term debt due after one year | $ | 2,288,097 | $ | 2,297,363 | ||||
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Summary of inventories | ' | |||||||
Inventories comprise the following at September 30: | ||||||||
2013 | 2012 | |||||||
Propane gas | $ | 130,410 | $ | 131,990 | ||||
Materials, supplies and other | 22,860 | 24,259 | ||||||
Appliances for sale | 5,658 | 7,497 | ||||||
Total inventories | $ | 158,928 | $ | 163,746 | ||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Summary of Property, Plant and Equipment | ' | |||||||
Property, plant and equipment comprise the following at September 30: | ||||||||
2013 | 2012 | |||||||
Land | $ | 147,405 | $ | 148,068 | ||||
Buildings and improvements | 176,638 | 168,250 | ||||||
Transportation equipment | 227,242 | 213,762 | ||||||
Storage facilities | 240,251 | 230,181 | ||||||
Equipment, primarily cylinders and tanks | 1,844,423 | 1,778,690 | ||||||
Other, including construction in process | 33,243 | 35,802 | ||||||
Gross property, plant and equipment | 2,669,202 | 2,574,753 | ||||||
Less accumulated depreciation and amortization | (1,231,688 | ) | (1,075,528 | ) | ||||
Net property, plant and equipment | $ | 1,437,514 | $ | 1,499,225 | ||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Components of Intangible Assets | ' | |||||||
The Partnership’s goodwill and intangible assets comprise the following at September 30: | ||||||||
2013 | 2012 | |||||||
Goodwill (not subject to amortization) | $ | 1,936,608 | $ | 1,914,808 | ||||
Intangible assets: | ||||||||
Customer relationships and noncompete agreements | $ | 511,130 | $ | 505,367 | ||||
Trademarks and tradenames (not subject to amortization) | 81,800 | 91,100 | ||||||
Gross carrying amount | 592,930 | 596,467 | ||||||
Accumulated amortization | (99,281 | ) | (60,471 | ) | ||||
Intangible assets, net | $ | 493,649 | $ | 535,996 | ||||
Changes in the carrying amount of goodwill | ' | |||||||
Changes in the carrying amount of goodwill are as follows: | ||||||||
Balance September 30, 2011 | $ | 691,910 | ||||||
Acquisitions | 1,223,080 | |||||||
Purchase accounting adjustments | (182 | ) | ||||||
Balance September 30, 2012 | 1,914,808 | |||||||
Acquisitions | 12,481 | |||||||
Purchase accounting adjustments | 19 | |||||||
Correcting adjustment | $ | 9,300 | ||||||
Balance September 30, 2013 | $ | 1,936,608 | ||||||
Partners_Capital_and_Incentive1
Partners' Capital and Incentive Compensation Plans (Tables) | 12 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Weighted-average assumptions used to determine the fair value of AmeriGas Performance Unit awards and related compensation costs | ' | ||||||||||||||||||||
The following table summarizes the weighted-average assumptions used to determine the fair value of AmeriGas Performance Unit awards and related compensation costs: | |||||||||||||||||||||
Grants Awarded in Fiscal Year | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Risk-free rate | 0.4 | % | 0.4 | % | 1 | % | |||||||||||||||
Expected life | 3 years | 3 years | 3 years | ||||||||||||||||||
Expected volatility | 20.7 | % | 23 | % | 34.6 | % | |||||||||||||||
Dividend Yield | 8.2 | % | 6.4 | % | 5.8 | % | |||||||||||||||
AmeriGas Common Unit-based award activity | ' | ||||||||||||||||||||
The following table summarizes AmeriGas Common Unit-based award activity for Fiscal 2013: | |||||||||||||||||||||
Total | Vested | Non-Vested | |||||||||||||||||||
Number of | Weighted | Number of | Weighted | Number of | Weighted | ||||||||||||||||
Common | Average | Common | Average | Common | Average | ||||||||||||||||
Units | Grant Date | Units Subject | Grant Date | Units | Grant Date | ||||||||||||||||
Subject to | Fair Value | to Award | Fair Value | Subject to | Fair Value | ||||||||||||||||
Award | (per Unit) | (per Unit) | Award | (per Unit) | |||||||||||||||||
September 30, 2012 | 263,967 | $ | 44.7 | 65,651 | $ | 45.42 | 198,316 | $ | 44.47 | ||||||||||||
AmeriGas Performance Units: | |||||||||||||||||||||
Granted | 44,800 | $ | 42.36 | 1,332 | $ | 41.64 | 43,468 | $ | 42.38 | ||||||||||||
Forfeited | (14,869 | ) | $ | 47.04 | — | $ | — | (14,869 | ) | $ | 47.04 | ||||||||||
Vested | — | $ | — | 20,115 | $ | 43.68 | (20,115 | ) | $ | 43.68 | |||||||||||
Performance criteria not met | (43,350 | ) | $ | 42.1 | (43,350 | ) | $ | 42.1 | — | $ | — | ||||||||||
AmeriGas Stock Units: | |||||||||||||||||||||
Granted | 20,336 | $ | 43.06 | 8,442 | $ | 39.07 | 11,894 | $ | 45.9 | ||||||||||||
Forfeited | (11,333 | ) | $ | 48.79 | — | $ | — | (11,333 | ) | $ | 48.79 | ||||||||||
Vested | — | $ | — | 30,909 | $ | 48.92 | (30,909 | ) | $ | 48.92 | |||||||||||
Awards paid | (35,384 | ) | $ | 47.04 | (35,384 | ) | $ | 47.04 | — | $ | — | ||||||||||
September 30, 2013 | 224,167 | $ | 47.88 | 47,715 | $ | 47.92 | 176,452 | $ | 47.87 | ||||||||||||
Partnership paid AmeriGas Common Unit-based awards in Common Units and cash | ' | ||||||||||||||||||||
During Fiscal 2013, Fiscal 2012 and Fiscal 2011, the Partnership paid AmeriGas Common Unit-based awards in Common Units and cash as follows: | |||||||||||||||||||||
2013 (a) | 2012 (a) | 2011 | |||||||||||||||||||
Number of Common Units subject to original Awards granted | 54,750 | 60,200 | 41,064 | ||||||||||||||||||
Fiscal year granted | 2010 | 2009 | 2008 | ||||||||||||||||||
Payment of Awards: | |||||||||||||||||||||
AmeriGas Partners Common Units issued | 3,850 | 3,500 | 35,787 | ||||||||||||||||||
Cash paid | $ | 96 | $ | 87 | $ | 1,196 | |||||||||||||||
(a) In addition, during Fiscal 2013 and Fiscal 2012, 19,342 AmeriGas Stock Units and $533 in cash, and 40,516 AmeriGas Stock Units and $893 in cash, respectively, were paid to former Heritage Propane employees associated with awards granted in Fiscal 2012. |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | |||
Sep. 30, 2013 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Minimum future payments under noncancellable operating leases | ' | |||
Minimum future payments under noncancelable operating leases are as follows: | ||||
Year Ending September 30, | ||||
2014 | $ | 51,027 | ||
2015 | 41,367 | |||
2016 | 33,713 | |||
2017 | 26,613 | |||
2018 | 21,667 | |||
Thereafter | 55,819 | |||
Total minimum operating lease payments | $ | 230,206 | ||
Other_Current_Liabilities_Tabl
Other Current Liabilities (Tables) | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Payables and Accruals [Abstract] | ' | |||||||
Other current liabilities | ' | |||||||
Other current liabilities comprise the following at September 30: | ||||||||
2013 | 2012 | |||||||
Litigation, property and casualty liabilities | $ | 29,948 | $ | 38,581 | ||||
Taxes other than income taxes | 9,922 | 16,737 | ||||||
Propane exchange liabilities | 16,654 | 13,404 | ||||||
Deferred tank fee revenue | 22,044 | 24,296 | ||||||
Other | 15,775 | 16,216 | ||||||
Total other current liabilities | $ | 94,343 | $ | 109,234 | ||||
Fair_Value_Measurement_Tables
Fair Value Measurement (Tables) | 12 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Financial assets and financial liabilities at fair value on a recurring basis | ' | |||||||||||||||
The following table presents our 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 September 30, 2013 and 2012: | ||||||||||||||||
Asset (Liability) | ||||||||||||||||
Quoted Prices in | Significant | Unobservable | Total | |||||||||||||
Active Markets | Other | Inputs | ||||||||||||||
for Identical | Observable | (Level 3) | ||||||||||||||
Assets and | Inputs | |||||||||||||||
Liabilities | (Level 2) | |||||||||||||||
(Level 1) | ||||||||||||||||
September 30, 2013: | ||||||||||||||||
Assets: | ||||||||||||||||
Derivative financial instruments: | ||||||||||||||||
Commodity contracts | $ | — | $ | 18,252 | $ | — | $ | 18,252 | ||||||||
Liabilities: | ||||||||||||||||
Derivative financial instruments: | ||||||||||||||||
Commodity contracts | $ | — | $ | (135 | ) | $ | — | $ | (135 | ) | ||||||
September 30, 2012: | ||||||||||||||||
Assets: | ||||||||||||||||
Derivative financial instruments: | ||||||||||||||||
Commodity contracts | $ | — | $ | 2,089 | $ | — | $ | 2,089 | ||||||||
Liabilities: | ||||||||||||||||
Derivative financial instruments: | ||||||||||||||||
Commodity contracts | $ | — | $ | (42,598 | ) | $ | — | $ | (42,598 | ) | ||||||
Disclosures_About_Derivative_I1
Disclosures About Derivative Instruments, Hedging Activities (Tables) | 12 Months Ended | ||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||||
Components of Fair Value of Derivative Assets and Liabilities | ' | ||||||||||||||||||||||||||
The following table provides information regarding the fair values and balance sheet locations of our derivative assets and liabilities existing as of September 30, 2013 and 2012: | |||||||||||||||||||||||||||
Derivative Assets | Derivative (Liabilities) | ||||||||||||||||||||||||||
Balance Sheet | Fair Value | Balance Sheet | Fair Value | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||
Location | 2013 | 2012 | Location | 2013 | 2012 | ||||||||||||||||||||||
Derivatives Designated as | |||||||||||||||||||||||||||
Hedging Instruments: | |||||||||||||||||||||||||||
Propane contracts | Derivative financial instruments | $ | 14,981 | $ | 2,089 | Derivative financial | $ | (135 | ) | $ | (42,598 | ) | |||||||||||||||
and Other assets | instruments and Other noncurrent liabilities | ||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | |||||||||||||||||||||||||||
Propane contracts | Derivative financial instruments and Other assets | 3,271 | — | — | — | ||||||||||||||||||||||
Total Derivatives | $ | 18,252 | $ | 2,089 | (135 | ) | (42,598 | ) | |||||||||||||||||||
Components of Derivative Instruments Gain Loss In Statement Of Operations | ' | ||||||||||||||||||||||||||
The following table provides information on the effects of derivative instruments on the Consolidated Statements of Operations and changes in AOCI and noncontrolling interest for Fiscal 2013, Fiscal 2012 and Fiscal 2011: | |||||||||||||||||||||||||||
Gain (Loss) Recognized in | Gain (Loss) Reclassified from | Location of Gain (Loss) | |||||||||||||||||||||||||
AOCI and Noncontrolling | AOCI and Noncontrolling | Reclassified from | |||||||||||||||||||||||||
Interest | Interest into Income | AOCI and Noncontrolling | |||||||||||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | Interest into Income | |||||||||||||||||||||
Cash Flow Hedges: | |||||||||||||||||||||||||||
Propane contracts | $ | 6,647 | $ | (86,573 | ) | $ | 22,275 | $ | (52,503 | ) | $ | (47,569 | ) | $ | 35,292 | Cost of sales | |||||||||||
Interest rate contracts | — | — | — | — | — | (3,049 | ) | Interest expense/loss on extinguishments of debt | |||||||||||||||||||
Total | $ | 6,647 | $ | (86,573 | ) | $ | 22,275 | $ | (52,503 | ) | $ | (47,569 | ) | $ | 32,243 | ||||||||||||
Gain (Loss) | Location of Gain (Loss) | ||||||||||||||||||||||||||
Recognized in Income | Recognized in Income | ||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | 2013 | 2012 | 2011 | ||||||||||||||||||||||||
Propane contracts | $ | 1,848 | $ | (14,883 | ) | $ | — | Cost of sales | |||||||||||||||||||
Other_Income_Net_Tables
Other Income, Net (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||
Other income, net | ' | |||||||||||
Other income, net, comprises the following: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Gains on sales of fixed assets | $ | 4,115 | $ | 3,169 | $ | 2,222 | ||||||
Finance charges | 21,390 | 18,841 | 15,111 | |||||||||
Other | 6,998 | 4,511 | 8,230 | |||||||||
Total other income, net | $ | 32,503 | $ | 26,521 | $ | 25,563 | ||||||
Quarterly_Data_Unaudited_Table
Quarterly Data (Unaudited) (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||
Unaudited quarterly data includes all adjustments | ' | |||||||||||||||||||||||||||||||
The following unaudited quarterly data includes all adjustments (consisting only of normal recurring adjustments with the exception of those indicated below) which we consider necessary for a fair presentation. Our quarterly results fluctuate because of the seasonal nature of our propane business. | ||||||||||||||||||||||||||||||||
December 31, | March 31, | June 30, | September 30, | |||||||||||||||||||||||||||||
2012 | 2011 | 2013 (a) | 2012 (b) | 2013 (a) | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Revenues | $ | 876,647 | $ | 683,812 | $ | 1,176,207 | $ | 1,155,574 | $ | 581,719 | $ | 571,945 | $ | 531,970 | $ | 510,285 | ||||||||||||||||
Operating income (loss) | $ | 139,866 | $ | 60,096 | $ | 257,505 | $ | 195,047 | $ | 6,639 | $ | (48,288 | ) | $ | (11,816 | ) | $ | (36,263 | ) | |||||||||||||
(Loss) gain on extinguishments of debt | $ | — | $ | — | $ | — | $ | (13,379 | ) | $ | — | $ | 30 | $ | — | $ | — | |||||||||||||||
Net income (loss) | $ | 98,043 | $ | 43,113 | $ | 215,781 | $ | 135,859 | $ | (34,549 | ) | $ | (89,903 | ) | $ | (54,184 | ) | $ | (76,398 | ) | ||||||||||||
Net income (loss) attributable to AmeriGas Partners, L.P. | $ | 96,665 | $ | 42,525 | $ | 213,208 | $ | 133,885 | $ | (34,595 | ) | $ | (89,382 | ) | $ | (54,056 | ) | $ | (76,003 | ) | ||||||||||||
Income (loss) per limited partner unit (c): | ||||||||||||||||||||||||||||||||
Basic | $ | 0.93 | $ | 0.55 | $ | 1.56 | $ | 1.26 | $ | (0.43 | ) | $ | (1.00 | ) | $ | (0.63 | ) | $ | (0.86 | ) | ||||||||||||
Diluted | $ | 0.93 | $ | 0.55 | $ | 1.56 | $ | 1.26 | $ | (0.43 | ) | $ | (1.00 | ) | $ | (0.63 | ) | $ | (0.86 | ) | ||||||||||||
(a) | The Partnership recorded the cumulative effect of an error in accounting for certain customer credits as of January 1, 2013, which decreased revenues and operating income by $7,038, and decreased net income attributable to AmeriGas Partners, L.P. by $6,967, for the three months ended March 31, 2013. The correction of the error in accounting for customer credits increased propane revenues and operating income by $3,600, and decreased net loss attributable to AmeriGas Partners, L.P. by $3,564, for the three months ended June 30, 2013 (see Note 2). | |||||||||||||||||||||||||||||||
(b) | Includes loss on extinguishment of debt which decreased net income and net income attributable to AmeriGas Partners, L.P. by $13,379 (see Note 6). | |||||||||||||||||||||||||||||||
(c) | Theoretical distributions of net income (loss) attributable to AmeriGas Partners, L.P. in accordance with accounting guidance regarding the application of the two-class method for determining earnings per share (see Note 2) resulted in a different allocation of net income attributable to AmeriGas Partners, L.P. to the General Partner and the limited partners in the computation of income per limited partner unit which had the effect of decreasing quarterly earnings per limited partner unit for the quarters ended December 31 and March 31 as follows: | |||||||||||||||||||||||||||||||
December 31, | March 31, | |||||||||||||||||||||||||||||||
Quarter ended: | 2012 | 2011 | 2013 | 2012 | ||||||||||||||||||||||||||||
Decrease in income per limited partner unit | $ | (0.06 | ) | $ | (0.16 | ) | $ | (0.66 | ) | $ | (0.30 | ) |
Nature_of_Operations_Details_T
Nature of Operations (Details Textuals) | 3 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Sep. 30, 2013 | |
Employee | State | |
Employee | ||
Nature of Operations (Textuals) [Abstract] | ' | ' |
Number of states in which the company has market share (in states) | ' | 50 |
General Partners Ownership Interest | 1.01% | 1.01% |
Common units held by the general partner and its wholly owned subsidiary Petrolane Incorporated | 23,756,882 | 23,756,882 |
Common Units held by public | 47,000,295 | 47,000,295 |
Common Units held by ETP | 29,567,362 | 29,567,362 |
Units issued in secondary offering | 7,500,000 | ' |
Limited partner interest held by AmeriGas Partners in AmeriGas OLP | ' | 99.00% |
Employees of the AmeriGas Partners and the Operating Partnerships (in employees) | 0 | 0 |
AmeriGas Propane Inc Partnership Interest In AmeriGas Partners [Member] | ' | ' |
Nature of Operations (Textuals) [Abstract] | ' | ' |
General Partners Ownership Interest | 1.00% | 1.00% |
AmeriGas Propane Inc Partnership Interest In AmeriGas OLP [Member] | ' | ' |
Nature of Operations (Textuals) [Abstract] | ' | ' |
General Partners Ownership Interest | 1.01% | 1.01% |
Energy Transfer Partners LP [Member] | ' | ' |
Nature of Operations (Textuals) [Abstract] | ' | ' |
Common Units held by ETP | 22,067,362 | 22,067,362 |
Significant_Accounting_Policie3
Significant Accounting Policies (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Income per limited partner unit | ' | ' | ' | |
Common Unitholders' interest in net income attributable to AmeriGas Partners under the two-class method for MLPs | $198,583 | ($9,156) | [1] | $131,482 |
Weighted average Common units outstanding - basic | 92,832 | 81,433 | [1] | 57,119 |
Potentially dilutive Common Units | 78 | 0 | [1] | 51 |
Weighted average Common units outstanding - diluted | 92,910 | 81,433 | [1] | 57,170 |
Potentially dilutive Common Units excluded from the calculation | ' | 58 | ' | |
[1] | There were 58 potentially dilutive Common Units excluded from the calculation because of the net loss attributable under the two-class method. |
Significant_Accounting_Policie4
Significant Accounting Policies (Details Textuals) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 |
Customers | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Computer Software Costs [Member] | AmeriGas Finance Corp., AP Eagle Finance Corp. and AmeriGas Finance LLC [Member] | AmeriGas Propane Inc Partnership Interest in AmeriGas OLP [Member] | AmeriGas Propane Inc Partnership Interest in AmeriGas Partners [Member] | Impact on revenues and accounts receivable [Member] | Impact on revenues and accounts receivable [Member] | Impact on net income attributable to AmeriGas Partners, L.P. [Member] | Impact on net income attributable to AmeriGas Partners, L.P. [Member] | Impact on net income attributable to AmeriGas Partners, L.P. [Member] | |||
Buildings and improvements [Member] | Storage And Customer Tanks And Cylinders [Member] | Vehicles, Equipment and Office Furniture and Fixtures [Member] | Buildings and improvements [Member] | Storage And Customer Tanks And Cylinders [Member] | Vehicles, Equipment and Office Furniture and Fixtures [Member] | Maximum [Member] | ||||||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset Impairment Charges | $3,000 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General Partners Ownership Interest | 1.01% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.01% | 1.00% | ' | ' | ' | ' | ' |
Ownership Percentage of Finance Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' |
Maximum maturity period of highly liquid investments | '3 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated useful life of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' |
Net deferred debt issuance costs | 31,772 | 37,020 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of customer represent ten percent or more of consolidated revenue | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of consolidated revenue on accrual basis | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dilutive Effect of Theoretical Distributions of Net Income on Earnings | $0.01 | $0.09 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impact of Customer Credit Adjustment as of the end of the prior fiscal year. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,200 |
Quantifying Misstatement in Current Year Financial Statements, Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,600 | $4,700 | $3,564 | $4,652 | ' |
Estimated useful life | ' | ' | ' | '15 years | '7 years | '2 years | '40 years | '30 years | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions_Acquisitions_Deta
Acquisitions Acquisitions (Details) (Heritage Propane [Member], USD $) | Sep. 30, 2012 | |
In Thousands, unless otherwise specified | ||
Heritage Propane [Member] | ' | |
Assets acquired: | ' | |
Current assets | $301,372 | |
Property, plant & equipment | 890,215 | |
Customer relationships (estimated useful life of 15 years) | 418,900 | [1] |
Trademarks and tradenames | 91,100 | [1] |
Goodwill | 1,217,717 | |
Other assets | 9,947 | |
Total assets acquired | 2,929,251 | |
Liabilities assumed: | ' | |
Current liabilities | -238,016 | |
Long-term debt | -62,927 | |
Other noncurrent liabilities | -23,481 | |
Total liabilities assumed | -324,424 | |
Total | $2,604,827 | |
[1] | During Fiscal 2013, the Partnership made correcting adjustments to trademarks and tradenames and goodwill which are not reflected in the table above (see Note 10). |
Acquisitions_Acquisitions_Deta1
Acquisitions Acquisitions (Details 1) (Heritage Propane [Member], USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2011 |
Heritage Propane [Member] | ' | ' |
Summary of pro forma consolidated results of operations | ' | ' |
Revenues | $3,413,331 | $3,968,695 |
Net income attributable to AmeriGas Partners | $30,977 | $149,743 |
Income per limited partner unit: | ' | ' |
Basic (in dollars per unit) | $0.17 | $1.07 |
Diluted (in dollars per unit) | $0.17 | $1.07 |
Acquisitions_Details_2
Acquisitions (Details 2) (Acquisitions [Member], USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
In Thousands, unless otherwise specified | |||
Acquisitions [Member] | ' | ' | ' |
Allocation of Purchase Price to assets acquired and liabilities assumed | ' | ' | ' |
Net current assets | $691 | $1,590 | $2,462 |
Property, plant and equipment | 5,167 | 6,175 | 15,998 |
Goodwill | 12,481 | 5,363 | 13,053 |
Customer relationships and noncompete agreements (estimated useful life of 10 and 5 years, respectively) | 5,576 | 5,234 | 12,006 |
Total | $23,915 | $18,362 | $43,519 |
Acquisitions_Details_Textuals
Acquisitions (Details Textuals) (USD $) | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Apr. 30, 2012 | Jan. 12, 2012 | Jan. 12, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Jan. 12, 2012 | Jan. 12, 2012 | Jan. 12, 2012 | Jan. 12, 2012 |
gal | Customer Relationships [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | Noncompete Agreements [Member] | Noncompete Agreements [Member] | Heritage Propane [Member] | Heritage Propane [Member] | Heritage Propane [Member] | Heritage Propane [Member] | Heritage Propane [Member] | Energy Transfer Partners LP [Member] | Heritage Operating LP [Member] | Titan Energy GP LLC [Member] | AmeriGas OLP [Member] | AmeriGas OLP [Member] | AmeriGas OLP [Member] | 6.75%, due May 2020 [Member] | 6.75%, due May 2020 [Member] | Amerigas Partners Senior Notes Due 2022 [Member] | Amerigas Partners Senior Notes Due 2022 [Member] | ||||
Customers | States | Heritage Propane [Member] | Heritage Propane [Member] | ||||||||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total consideration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,598,234 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash included in the acquisition of propane operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,465,606 | ' | 1,472,199 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common units issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29,567,362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common units included in the acquisition of propane operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,132,628 | ' | 1,132,628 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional cash consideration paid as a result of Working Capital Adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,504 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash received representing the excess sales proceeds from the sale of HPX | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,911 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of states included in the propane operations (in states) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual Delivery of Propane by Subsidiary (in gallons) | ' | ' | ' | 500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retail Propane Customers (in customers) | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of contribution by contributor in form of limited partner interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | 99.99% | ' | ' | ' | ' | ' | ' | ' |
Percentage of contribution by contributor in form of membership interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | 100.00% | ' | ' | ' | ' | ' | ' | ' |
Percentage of remaining contribution by contributor in form of general partner interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.01% | ' | ' | ' | ' | ' | ' | ' |
Partners' Capital Account, Units, Contributed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 934,327 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value of Common Units Contributed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41,680 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | 2,300,111 | 2,328,069 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 550,000 | ' | 1,000,000 |
Stated percentage rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.75% | 6.75% | 7.00% | 7.00% |
Cash aquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60,748 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating and administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,252 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash consideration for acquisition of retail propane distribution business | 19,946 | 1,425,002 | 34,032 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,945 | 13,518 | 34,032 | ' | ' | ' | ' |
Estimated useful life of intangible assets | ' | ' | ' | ' | '10 years | '10 years | '10 years | '5 years | '5 years | '5 years | ' | '15 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities incurred | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,970 | $4,844 | $9,487 | ' | ' | ' | ' |
Quarterly_Distributions_of_Ava2
Quarterly Distributions of Available Cash (Details) (USD $) | 3 Months Ended | |||||||||||
Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2010 | |
Schedule of quarterly distributions of available cash per limited partner unit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly distributions of available cash per limited partner unit | $0.84 | $0.84 | $0.80 | $0.80 | $0.80 | $0.80 | $0.76 | $0.74 | $0.74 | $0.74 | $0.71 | $0.71 |
Quarterly_Distributions_of_Ava3
Quarterly Distributions of Available Cash (Details Textuals) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Quarterly Distributions of Available Cash (Textuals) [Abstract] | ' | ' | ' |
Quarterly distributions of available cash description | '45 days | ' | ' |
Distribution of available cash to limited partners percentage | 98.00% | ' | ' |
Distribution of available cash to general partners percentage | 2.00% | ' | ' |
Interest of general partner in distributions of available cash | 1.01% | ' | ' |
Minimum quarterly distribution | $0.55 | ' | ' |
First target distribution | $0.06 | ' | ' |
Total of minimum target distribution and first target distribution | $0.61 | ' | ' |
Aggregate general partner interest | 2.00% | ' | ' |
Aggregate amount of distributions received by the General Partner | $27,438 | $19,719 | $9,027 |
Incentive distributions received by the General Partner | $19,286 | $13,008 | $5,037 |
Debt_Details
Debt (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Net components of Long Term Debt | ' | ' |
Long-term Debt | $2,300,111 | $2,328,069 |
Other | 17,265 | 21,637 |
Total long-term debt | 2,300,111 | 2,328,069 |
Less: current maturities | -12,014 | -30,706 |
Total long-term debt due after one year | 2,288,097 | 2,297,363 |
7.00%, due May 2022 [Member] | ' | ' |
Net components of Long Term Debt | ' | ' |
AmeriGas Partners Senior Notes | 980,844 | 980,844 |
6.75%, due May 2020 [Member] | ' | ' |
Net components of Long Term Debt | ' | ' |
AmeriGas Partners Senior Notes | 550,000 | 550,000 |
6.50% due May 2021 [Member] | ' | ' |
Net components of Long Term Debt | ' | ' |
AmeriGas Partners Senior Notes | 270,001 | 270,001 |
6.25% due August 2019 [Member] | ' | ' |
Net components of Long Term Debt | ' | ' |
AmeriGas Partners Senior Notes | 450,000 | 450,000 |
HOLP Senior Secured Notes [Member] | ' | ' |
Net components of Long Term Debt | ' | ' |
HOLP Senior Secured Notes | 32,001 | ' |
Long-term Debt | $32,001 | $55,587 |
Debt_Details_Textuals
Debt (Details Textuals) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||
Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jan. 12, 2012 | Jun. 30, 2012 | Jan. 12, 2012 | Mar. 28, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Jan. 30, 2011 | Sep. 30, 2012 | Aug. 31, 2011 | Feb. 28, 2011 | Feb. 28, 2011 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Jan. 12, 2012 | Sep. 30, 2011 | Sep. 30, 2011 | ||||
Credit Agreement 2011 [Member] | Credit Agreement 2011 [Member] | Predecessor Credit Agreements [Member] | Credit Agreement [Member] | Credit Agreement [Member] | Letter of Credit [Member] | Letter of Credit [Member] | Letter of Credit [Member] | 6.75%, due May 2020 [Member] | 7.00%, due May 2022 [Member] | 7.00%, due May 2022 [Member] | 6.50% due May 2021 [Member] | 6.50% due May 2021 [Member] | 6.50% due May 2021 [Member] | 6.50% due May 2021 [Member] | 6.25% due August 2019 [Member] | 6.25% due August 2019 [Member] | 8.875% due May 2011 [Member] | 7.25% due May 2015 [Member] | 7.125% due May 2016 [Member] | 7.125% due May 2016 [Member] | HOLP Senior Secured Notes [Member] | HOLP Senior Secured Notes [Member] | Heritage Propane [Member] | Heritage Propane [Member] | Partnership [Member] | Partnership [Member] | |||||||||||||||
Credit Agreement 2011 [Member] | Predecessor Credit Agreements [Member] | Credit Agreement [Member] | 6.75%, due May 2020 [Member] | 7.00%, due May 2022 [Member] | 7.125% due May 2016 [Member] | ||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Principal Payment of long Term Debt, 2013 | $12,014,000 | ' | ' | ' | ' | ' | ' | ' | $12,014,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Principal Payment of long Term Debt, 2014 | 9,299,000 | ' | ' | ' | ' | ' | ' | ' | 9,299,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Principal Payment of long Term Debt, 2015 | 6,969,000 | ' | ' | ' | ' | ' | ' | ' | 6,969,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Principal Payment of long Term Debt, 2016 | 4,955,000 | ' | ' | ' | ' | ' | ' | ' | 4,955,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Principal Payment of long Term Debt, 2017 | 4,254,000 | ' | ' | ' | ' | ' | ' | ' | 4,254,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Principal amount of senior notes to be issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 550,000,000 | ' | 1,000,000,000 | ' | ' | ' | 470,000,000 | ' | 450,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Stated percentage rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.75% | ' | 7.00% | ' | 6.50% | 6.50% | 6.50% | 6.25% | 6.25% | 8.88% | 7.25% | 7.13% | 7.13% | ' | ' | 6.75% | 7.00% | ' | ' | |||
Guaranteed debt | 1,500,000,000 | ' | ' | ' | ' | ' | ' | ' | 1,500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Early Redemption Percentage of Senior Notes With Equity Offering | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | 105.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Debt holders of certain amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 383,455,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Percentage of Aggregate Amount Outstanding Tendered | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 82.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Long-term Debt, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 470,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Maximum Amount of Notes Offered for Cash Purchase | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amount Redeemed on Tendered Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,999,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Percentage of Proration Factor in Tendered Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Repayments of Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | 30,531,000 | 256,992,000 | 817,976,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,156,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loss on extinguishments of debt | 0 | 0 | [1] | 0 | [1] | 0 | 0 | 30,000 | -13,379,000 | [2] | 0 | 0 | -13,349,000 | -38,117,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -18,801,000 | -19,316,000 |
Early redemption of senior notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,999,000 | ' | ' | ' | ' | ' | 14,640,000 | 415,000,000 | 350,000,000 | ' | ' | ' | ' | ' | ' | ' | |||
Redemption percentage of senior notes, outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Long-term Debt | 2,300,111,000 | ' | ' | ' | 2,328,069,000 | ' | ' | ' | 2,300,111,000 | 2,328,069,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32,001,000 | 55,587,000 | 550,000,000 | 1,000,000,000 | ' | ' | |||
Debt Instrument, Unamortized Premium | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,729,000 | 4,405,000 | ' | ' | ' | ' | |||
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.26% | ' | ' | ' | ' | ' | |||
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.87% | ' | ' | ' | ' | ' | |||
Debt Instrument, Interest Rate, Effective Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.75% | ' | ' | ' | ' | ' | |||
Maximum borrowing capacity under revolving credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 525,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Letters of credit sublimit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Prevailing interest rates, including the base rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Federal Funds rate plus 0.50% or the agent bank’s prime rate, or at a one-week, one-, two-, three-, or six-month Eurodollar Rate, as defined in the Credit Agreement, plus a margin | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Rate of Margin on base rate borrowings, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Rate of Margin on base rate borrowings, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Rate of Margin on Eurodollar borrowings, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Rate of Margin on Eurodollar borrowings, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fee rate for Credit Agreement Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fee rate for Credit Agreement Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Short-term Bank Loans and Notes Payable | 116,900,000 | ' | ' | ' | 49,900,000 | ' | ' | ' | 116,900,000 | 49,900,000 | ' | ' | ' | 49,900,000 | ' | 116,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Line of Credit Facility, Interest Rate at Period End | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.69% | 2.72% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Letters of credit issued and outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 47,906,000 | 53,705,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fixed charge coverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | 1.75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Cash distributions in a total amount | ' | ' | ' | ' | ' | ' | ' | ' | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amount of net assets | $3,300,000,000 | ' | ' | ' | ' | ' | ' | ' | $3,300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
[1] | The Partnership recorded the cumulative effect of an error in accounting for certain customer credits as of January 1, 2013, which decreased revenues and operating income by $7,038, and decreased net income attributable to AmeriGas Partners, L.P. by $6,967, for the three months ended March 31, 2013. The correction of the error in accounting for customer credits increased propane revenues and operating income by $3,600, and decreased net loss attributable to AmeriGas Partners, L.P. by $3,564, for the three months ended June 30, 2013 (see Note 2). | ||||||||||||||||||||||||||||||||||||||||
[2] | Includes loss on extinguishment of debt which decreased net income and net income attributable to AmeriGas Partners, L.P. by $13,379 (see Note 6). |
Employee_Retirement_Plans_Deta
Employee Retirement Plans (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Compensation and Retirement Disclosure [Abstract] | ' | ' | ' |
Employee contribution on retirement plans, dollar-for-dollar percentage match | 100.00% | ' | ' |
Percentage of eligible compensation | 5.00% | ' | ' |
Employee Contributions | 'a dollar-for-dollar (100%) basis up to 5% of eligible compensation. | ' | ' |
Cost of benefits under savings plan | $10,777 | $10,716 | $7,421 |
Inventories_Details
Inventories (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Inventory Disclosure [Abstract] | ' | ' |
Inventory contract period minimum | '1 year | ' |
Inventory contract period maximum | '3 years | ' |
Summary of Inventories | ' | ' |
Propane gas | $130,410 | $131,990 |
Materials, supplies and other | 22,860 | 24,259 |
Appliances for sale | 5,658 | 7,497 |
Total inventories | $158,928 | $163,746 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Summary of Property, Plant and Equipment | ' | ' |
Gross property, plant and equipment | $2,669,202 | $2,574,753 |
Less accumulated depreciation and amortization | -1,231,688 | -1,075,528 |
Net property, plant and equipment | 1,437,514 | 1,499,225 |
Land [Member] | ' | ' |
Summary of Property, Plant and Equipment | ' | ' |
Gross property, plant and equipment | 147,405 | 148,068 |
Buildings and improvements [Member] | ' | ' |
Summary of Property, Plant and Equipment | ' | ' |
Gross property, plant and equipment | 176,638 | 168,250 |
Transportation equipment [Member] | ' | ' |
Summary of Property, Plant and Equipment | ' | ' |
Gross property, plant and equipment | 227,242 | 213,762 |
Storage facilities [Member] | ' | ' |
Summary of Property, Plant and Equipment | ' | ' |
Gross property, plant and equipment | 240,251 | 230,181 |
Equipment, primarily cylinders and tanks [Member] | ' | ' |
Summary of Property, Plant and Equipment | ' | ' |
Gross property, plant and equipment | 1,844,423 | 1,778,690 |
Other, including construction in process [Member] | ' | ' |
Summary of Property, Plant and Equipment | ' | ' |
Gross property, plant and equipment | $33,243 | $35,802 |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
In Thousands, unless otherwise specified | |||
Not subject to amortization: | ' | ' | ' |
Goodwill | $1,936,608 | $1,914,808 | $691,910 |
Intangible Assets Excluding Goodwill | 592,930 | 596,467 | ' |
Subject to amortization: | ' | ' | ' |
Accumulated amortization | -99,281 | -60,471 | ' |
Intangible assets, net | 493,649 | 535,996 | ' |
Customer relationships and noncompete agreements [Member] | ' | ' | ' |
Subject to amortization: | ' | ' | ' |
Gross carrying amount | 511,130 | 505,367 | ' |
Trademarks And Tradenames [Member] | ' | ' | ' |
Not subject to amortization: | ' | ' | ' |
Trademarks and tradenames | $81,800 | $91,100 | ' |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Changes in the carrying amount of goodwill | ' | ' |
Beginning balance, Goodwill | $1,914,808 | $691,910 |
Goodwill acquired | 12,481 | 1,223,080 |
Purchase accounting adjustments | 19 | -182 |
Correcting adjustment | 9,300 | ' |
Ending balance, Goodwill | $1,936,608 | $1,914,808 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets (Details Textuals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' |
Amortization of Intangible Assets | $38,810 | $30,649 | $8,055 |
2013 | 38,112 | ' | ' |
2014 | 36,309 | ' | ' |
2015 | 35,018 | ' | ' |
2016 | 32,853 | ' | ' |
2017 | 31,493 | ' | ' |
Accumulated Impairment Loss | $0 | ' | ' |
Partners_Capital_and_Incentive2
Partners' Capital and Incentive Compensation Plans (Details) | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Fair value of AmeriGas Performance Unit awards and related compensation costs | ' | ' | ' |
Risk-free rate | 0.40% | 0.40% | 1.00% |
Expected life | '3 years | '3 years | '3 years |
Expected volatility | 20.70% | 23.00% | 34.60% |
Dividend Yield | 8.20% | 6.40% | 5.80% |
Partners_Capital_and_Incentive3
Partners' Capital and Incentive Compensation Plans (Details 1) (USD $) | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Beginning Balance, share | 263,967 | ' | ' |
Beginning Balance (in dollars per unit) | $44.70 | ' | ' |
Number of Common Units subject to original Awards granted | 65,136 | 248,818 | 49,287 |
Weighted Average Grant Date Fair Value Granted (in dollars per unit) | $42.58 | $43.22 | $53.19 |
Ending Balance, share | 224,167 | 263,967 | ' |
Ending Balance (in dollars per unit) | $47.88 | $44.70 | ' |
Ameri Gas Performance Units Member | ' | ' | ' |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Number of Common Units subject to original Awards granted | 44,800 | ' | ' |
Weighted Average Grant Date Fair Value Granted (in dollars per unit) | $42.36 | ' | ' |
Number of Common Units Subject to Award Forfeited | -14,869 | ' | ' |
Weighted Average Grant Date Fair Value Forfeited (in dollars per unit) | $47.04 | ' | ' |
Number of Common Units Subject to Award, Performance Criteria Not Met | -43,350 | ' | ' |
Weighted Average Grant Date Fair Value, Performance Criteria Not Met (in dollars per unit) | $42.10 | ' | ' |
AmeriGas Stock Units [Member] | ' | ' | ' |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Number of Common Units subject to original Awards granted | 20,336 | ' | ' |
Weighted Average Grant Date Fair Value Granted (in dollars per unit) | $43.06 | ' | ' |
Number of Common Units Subject to Award Forfeited | -11,333 | ' | ' |
Weighted Average Grant Date Fair Value Forfeited (in dollars per unit) | $48.79 | ' | ' |
Number of Common Units Subject to Awards paid | -35,384 | ' | ' |
Weighted Average Grant Date Fair Value Awards Paid (in dollars per unit) | $47.04 | ' | ' |
Vested [Member] | ' | ' | ' |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Ending Balance, share | 47,715 | 65,651 | ' |
Ending Balance (in dollars per unit) | $47.92 | $45.42 | ' |
Vested [Member] | Ameri Gas Performance Units Member | ' | ' | ' |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Number of Common Units subject to original Awards granted | 1,332 | ' | ' |
Weighted Average Grant Date Fair Value Granted (in dollars per unit) | $41.64 | ' | ' |
Number of Common Units Subject to Award Vested | 20,115 | ' | ' |
Weighted Average Grant Date Fair Value Vested (in dollars per unit) | $43.68 | ' | ' |
Number of Common Units Subject to Award, Performance Criteria Not Met | -43,350 | ' | ' |
Weighted Average Grant Date Fair Value, Performance Criteria Not Met (in dollars per unit) | $42.10 | ' | ' |
Vested [Member] | AmeriGas Stock Units [Member] | ' | ' | ' |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Number of Common Units subject to original Awards granted | 8,442 | ' | ' |
Weighted Average Grant Date Fair Value Granted (in dollars per unit) | $39.07 | ' | ' |
Number of Common Units Subject to Award Vested | 30,909 | ' | ' |
Weighted Average Grant Date Fair Value Vested (in dollars per unit) | $48.92 | ' | ' |
Number of Common Units Subject to Awards paid | -35,384 | ' | ' |
Weighted Average Grant Date Fair Value Awards Paid (in dollars per unit) | $47.04 | ' | ' |
Non-Vested [Member] | ' | ' | ' |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Ending Balance, share | 176,452 | 198,316 | ' |
Ending Balance (in dollars per unit) | $47.87 | $44.47 | ' |
Non-Vested [Member] | Ameri Gas Performance Units Member | ' | ' | ' |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Number of Common Units subject to original Awards granted | 43,468 | ' | ' |
Weighted Average Grant Date Fair Value Granted (in dollars per unit) | $42.38 | ' | ' |
Number of Common Units Subject to Award Forfeited | -14,869 | ' | ' |
Weighted Average Grant Date Fair Value Forfeited (in dollars per unit) | $47.04 | ' | ' |
Number of Common Units Subject to Award Vested | -20,115 | ' | ' |
Weighted Average Grant Date Fair Value Vested (in dollars per unit) | $43.68 | ' | ' |
Non-Vested [Member] | AmeriGas Stock Units [Member] | ' | ' | ' |
Summarizes AmeriGas Common Unit-based award activity | ' | ' | ' |
Number of Common Units subject to original Awards granted | 11,894 | ' | ' |
Weighted Average Grant Date Fair Value Granted (in dollars per unit) | $45.90 | ' | ' |
Number of Common Units Subject to Award Forfeited | -11,333 | ' | ' |
Weighted Average Grant Date Fair Value Forfeited (in dollars per unit) | $48.79 | ' | ' |
Number of Common Units Subject to Award Vested | -30,909 | ' | ' |
Weighted Average Grant Date Fair Value Vested (in dollars per unit) | $48.92 | ' | ' |
Partners_Capital_and_Incentive4
Partners' Capital and Incentive Compensation Plans (Details 2) (USD $) | 12 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | ||
Partnership paid AmeriGas Common Unit-based awards in Common Units and cash | ' | ' | ' | ||
Number of Common Units subject to original Awards granted | 65,136 | 248,818 | 49,287 | ||
Fiscal year granted | '2010 | [1] | '2009 | [1] | '2008 |
Payment of Awards: | ' | ' | ' | ||
AmeriGas Partners Common Units issued | 3,850,000 | [1] | 3,500,000 | [1] | 35,787,000 |
Cash paid | $96 | [1] | $87 | [1] | $1,196 |
AmeriGas Stock Units [Member] | ' | ' | ' | ||
Partnership paid AmeriGas Common Unit-based awards in Common Units and cash | ' | ' | ' | ||
Number of Common Units subject to original Awards granted | 20,336 | ' | ' | ||
Common Unit Awards [Member] | ' | ' | ' | ||
Partnership paid AmeriGas Common Unit-based awards in Common Units and cash | ' | ' | ' | ||
Number of Common Units subject to original Awards granted | 54,750 | [1] | 60,200 | [1] | 41,064,000 |
Heritage Propane [Member] | ' | ' | ' | ||
Payment of Awards: | ' | ' | ' | ||
Cash paid | $533 | [1] | $893 | [1] | ' |
Heritage Propane [Member] | AmeriGas Stock Units [Member] | ' | ' | ' | ||
Partnership paid AmeriGas Common Unit-based awards in Common Units and cash | ' | ' | ' | ||
Number of Common Units subject to original Awards granted | 19,342 | [1] | 40,516 | [1] | ' |
[1] | In addition, during Fiscal 2013 and Fiscal 2012, 19,342 AmeriGas Stock Units and $533 in cash, and 40,516 AmeriGas Stock Units and $893 in cash, respectively, were paid to former Heritage Propane employees associated with awards granted in Fiscal 2012. |
Partners_Capital_and_Incentive5
Partners' Capital and Incentive Compensation Plans (Details Textuals) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||
In Thousands, except Share data, unless otherwise specified | Mar. 21, 2012 | Mar. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jul. 30, 2010 | Mar. 28, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 30, 2011 |
Common Unit Awards [Member] | UGI Stock Option [Member] | AmeriGas Performance Units [Member] | 2010 Propane Plan [Member] | 2010 Propane Plan [Member] | 6.50% due May 2021 [Member] | 6.50% due May 2021 [Member] | 6.50% due May 2021 [Member] | 6.50% due May 2021 [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Units issued in connection with public offering (in units) | 7,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Partners Capital Account Units Sold in Public Offering Offer Price | $41.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Units issued in connection with public offering | ' | $276,562 | ' | $279,362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General Partner contribution to AmeriGas Propane, L.P. | 2,800 | ' | ' | 1,013 | 787 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Early redemption of senior notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,999 | ' | ' | ' |
Stated percentage rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.50% | 6.50% | 6.50% |
Equity based compensation expenses | ' | ' | 4,647 | 8,373 | 3,257 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Units were available for future award grants | ' | ' | 2,484,839 | ' | ' | ' | ' | ' | ' | 2,800,000 | ' | ' | ' | ' |
Grant date, maximum | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' |
Performance unit awards payment description | ' | ' | ' | ' | ' | ' | ' | 'Grantees may receive from 0% to 200% of the target award granted. For grants issued on or after January 1, 2013, if AmeriGas Partners’ TUR is below the 25th percentile compared to the peer group, the grantee will not be paid. At the 40th percentile, the employee will be paid an award equal to 70% of the target award; at the 50th percentile, 100%; at the 60th percentile, 125%; and at the 90th percentile, 200%. For grants issued before January 1, 2013, grantees of AmeriGas Performance Units will not be paid if AmeriGas Partners’ TUR is below the 40th percentile of the peer group. At the 40th percentile, the grantee will be paid an award equal to 50% of the target award; at the 50th percentile, 100%; and at the 100th percentile, 200%. | ' | ' | ' | ' | ' | ' |
Term of the AmeriGas Performance unit awards | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' |
Expected volatility of performance unit awards | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' |
Nonvested Awards, Total Compensation Cost Not yet Recognized | ' | ' | ' | ' | ' | 3,013 | 1,290 | ' | ' | ' | ' | ' | ' | ' |
Number of Common Units Subject to Award | ' | ' | ' | ' | ' | 224,167 | ' | ' | ' | ' | ' | ' | ' | ' |
Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | ' | ' | ' | ' | ' | '1 year 10 months | '1 year 10 months | ' | ' | ' | ' | ' | ' | ' |
Total fair value of Common Unit-based awards vested | ' | ' | 2,752 | 5,090 | 2,049 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities associated with Common Unit-based awards | ' | ' | $1,053 | $1,148 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Minimum future payments under noncancellable operating leases | ' |
2013 | $51,027 |
2014 | 41,367 |
2015 | 33,713 |
2016 | 26,613 |
2017 | 21,667 |
Thereafter | 55,819 |
Total minimum operating lease payments | $230,206 |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details Textuals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
lb | |||
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Aggregate rental expense for leases | $63,585 | $61,075 | $55,533 |
Minimum lease term | '1 year | ' | ' |
Maximum lease term | '10 years | ' | ' |
Residual value guarantee of operating lease arrangement | 15,500 | ' | ' |
Minimum terms of purchase contract | '1 year | ' | ' |
Maximum terms of purchase contract | '3 years | ' | ' |
Amount of propane in cylinders before reduction (in pounds) | 17 | ' | ' |
Amount of propane in cylinders after reduction (in pounds) | 15 | ' | ' |
Propane Supply Contract [Member] | ' | ' | ' |
Recorded Unconditional Purchase Obligation, Fiscal Year Maturity Schedule | ' | ' | ' |
Fiscal 2014 | 176,866 | ' | ' |
Fiscal 2015 | 97,104 | ' | ' |
Fiscal 2016 | $22,239 | ' | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
General Partner Expense [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Costs and Expenses, Related Party | $540,273 | $374,899 | $363,392 |
UGI Corp Expense Reimbursement [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Costs and Expenses, Related Party | 18,568 | 10,138 | 10,805 |
UGI Corp Office Insurance Reimbursement [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Costs and Expenses, Related Party | 4,543 | 3,760 | 3,184 |
Energy Service Atlantic Energy Purchase [Member] | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' |
Costs and Expenses, Related Party | $1,979 | $359 | $4,073 |
Other_Current_Liabilities_Deta
Other Current Liabilities (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Other Current Liabilities | ' | ' |
Other current liabilities | $94,343 | $109,234 |
Litigation, property and casualty liabilities [Member] | ' | ' |
Other Current Liabilities | ' | ' |
Other current liabilities | 29,948 | 38,581 |
Taxes other than income taxes [Member] | ' | ' |
Other Current Liabilities | ' | ' |
Other current liabilities | 9,922 | 16,737 |
Propane exchange liabilities [Member] | ' | ' |
Other Current Liabilities | ' | ' |
Other current liabilities | 16,654 | 13,404 |
Deferred tank fee revenue [Member] | ' | ' |
Other Current Liabilities | ' | ' |
Other current liabilities | 22,044 | 24,296 |
Other [Member] | ' | ' |
Other Current Liabilities | ' | ' |
Other current liabilities | $15,775 | $16,216 |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (Commodity Contract [Member], Fair Value, Measurements, Recurring [Member], USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Derivative Assets | $18,252 | $2,089 |
Liabilities: | ' | ' |
Derivative financial instruments, liabilities | -135 | -42,598 |
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | ' | ' |
Assets: | ' | ' |
Derivative Assets | 0 | 0 |
Liabilities: | ' | ' |
Derivative financial instruments, liabilities | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets: | ' | ' |
Derivative Assets | 18,252 | 2,089 |
Liabilities: | ' | ' |
Derivative financial instruments, liabilities | -135 | -42,598 |
Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets: | ' | ' |
Derivative Assets | 0 | 0 |
Liabilities: | ' | ' |
Derivative financial instruments, liabilities | $0 | $0 |
Fair_Value_Measurements_Detail1
Fair Value Measurements (Details Textuals) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Carrying amount of long-term debt | $2,300,111 | $2,328,069 |
Estimated fair value of long-term debt | $2,393,581 | $2,493,053 |
Disclosures_About_Derivative_I2
Disclosures About Derivative Instruments, Hedging Activities (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Derivative Asset, Fair Value | ' | ' |
Derivative Asset, Fair Value | $18,252 | $2,089 |
Derivative financial instruments and Other Noncurrent liabilities [Member] | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Derivative Liability, Fair Value | -135 | -42,598 |
Derivatives Designated as Hedging Instruments [Member] | Propane contracts [Member] | Derivative financial instruments and Other assets [Member] | ' | ' |
Derivative Asset, Fair Value | ' | ' |
Derivative Asset, Fair Value | 14,981 | 2,089 |
Derivatives Designated as Hedging Instruments [Member] | Propane contracts [Member] | Derivative financial instruments and Other Noncurrent liabilities [Member] | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Derivative Liability, Fair Value | -135 | -42,598 |
Derivatives Not Designated as Hedging Instruments [Member] | Propane contracts [Member] | Derivative financial instruments and Other assets [Member] | ' | ' |
Derivative Asset, Fair Value | ' | ' |
Derivative Asset, Fair Value | 3,271 | 0 |
Derivatives Not Designated as Hedging Instruments [Member] | Propane contracts [Member] | Derivative financial instruments and Other Noncurrent liabilities [Member] | ' | ' |
Derivative Liability, Fair Value | ' | ' |
Derivative Liability, Fair Value | $0 | $0 |
Disclosures_About_Derivative_I3
Disclosures About Derivative Instruments, Hedging Activities (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Cash Flow Hedges [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Gain (Loss) Recognized in AOCI and Noncontrolling Interests | $6,647 | ($86,573) | $22,275 |
Gain (Loss) Reclassified from AOCI and Noncontrolling Interest into Income | -52,503 | -47,569 | 32,243 |
Cash Flow Hedges [Member] | Propane contracts [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Gain (Loss) Recognized in AOCI and Noncontrolling Interests | 6,647 | -86,573 | 22,275 |
Cash Flow Hedges [Member] | Propane contracts [Member] | Cost of sales [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Gain (Loss) Reclassified from AOCI and Noncontrolling Interest into Income | -52,503 | -47,569 | 35,292 |
Cash Flow Hedges [Member] | Interest rate contracts [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Gain (Loss) Recognized in AOCI and Noncontrolling Interests | 0 | 0 | 0 |
Cash Flow Hedges [Member] | Interest rate contracts [Member] | Interest Expense [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Gain (Loss) Reclassified from AOCI and Noncontrolling Interest into Income | 0 | 0 | -3,049 |
Derivatives Not Designated as Hedging Instruments [Member] | Propane contracts [Member] | Cost of sales [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Gain (Loss) Recognized in AOCI and Noncontrolling Interests | $1,848 | ($14,883) | $0 |
Disclosures_About_Derivative_I4
Disclosures About Derivative Instruments, Hedging Activities (Details Textuals) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2011 | |||
Agreement | Agreement | Agreement | Agreement | 7.125% due May 2016 [Member] | 7.125% due May 2016 [Member] | 7.125% due May 2016 [Member] | |||||||||||
Losses on IRPAs [Member] | |||||||||||||||||
Disclosures About Derivative Instruments, Hedging Activities and Financial Instruments (Textuals) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Number of gallons of propane hedged | 206,100,000 | ' | ' | ' | 231,400,000 | ' | ' | ' | 206,100,000 | 231,400,000 | ' | ' | ' | ' | |||
Maximum Period of hedging exposure to availability in Cash Flows | ' | ' | ' | ' | ' | ' | ' | ' | '24 months | ' | ' | ' | ' | ' | |||
Weighted Average Length of Time Hedge in Price Risk Cash Flow Hedge | '7 months | ' | ' | ' | ' | ' | ' | ' | '7 months | ' | ' | ' | ' | ' | |||
Net losses associated with commodity price risk hedges expected to be reclassified into earnings during the next twelve months | $14,786 | ' | ' | ' | ' | ' | ' | ' | $14,786 | ' | ' | ' | ' | ' | |||
Number of settled or unsettled interest rate protection agreements outstanding (in agreements) | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | |||
The amounts of derivative gains or losses representing ineffectiveness were not material | ' | ' | ' | ' | ' | ' | ' | ' | 'The amounts of derivative gains or losses representing ineffectiveness, and the amounts of gains or losses recognized in income as a result of excluding derivatives from ineffectiveness testing, were not material | ' | ' | ' | ' | ' | |||
Interest rate on senior Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.13% | 7.13% | ' | |||
Loss on extinguishments of debt | $0 | $0 | [1] | $0 | [1] | $0 | $0 | $30 | ($13,379) | [2] | $0 | $0 | ($13,349) | ($38,117) | ' | ' | ($2,556) |
[1] | The Partnership recorded the cumulative effect of an error in accounting for certain customer credits as of January 1, 2013, which decreased revenues and operating income by $7,038, and decreased net income attributable to AmeriGas Partners, L.P. by $6,967, for the three months ended March 31, 2013. The correction of the error in accounting for customer credits increased propane revenues and operating income by $3,600, and decreased net loss attributable to AmeriGas Partners, L.P. by $3,564, for the three months ended June 30, 2013 (see Note 2). | ||||||||||||||||
[2] | Includes loss on extinguishment of debt which decreased net income and net income attributable to AmeriGas Partners, L.P. by $13,379 (see Note 6). |
Other_Income_Net_Details
Other Income, Net (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Other income, net | ' | ' | ' |
Other Operating Income | $32,503 | $26,521 | $25,563 |
Gains on sales of fixed assets [Member] | ' | ' | ' |
Other income, net | ' | ' | ' |
Other Operating Income | 4,115 | 3,169 | 2,222 |
Finance charges [Member] | ' | ' | ' |
Other income, net | ' | ' | ' |
Other Operating Income | 21,390 | 18,841 | 15,111 |
Other [Member] | ' | ' | ' |
Other income, net | ' | ' | ' |
Other Operating Income | $6,998 | $4,511 | $8,230 |
Quarterly_Data_Unaudited_Detai
Quarterly Data (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | ||||||||
Quarterly Data (Unaudited) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Revenues | $531,970 | $581,719 | [1] | $1,176,207 | [1] | $876,647 | $510,285 | $571,945 | $1,155,574 | [2] | $683,812 | $3,166,543 | $2,921,616 | $2,537,959 | |||||
Operating income (loss) | -11,816 | 6,639 | [1] | 257,505 | [1] | 139,866 | -36,263 | -48,288 | 195,047 | [2] | 60,096 | 392,194 | 170,592 | 242,949 | |||||
Gain (Loss) on extinguishments of debt | 0 | 0 | [1] | 0 | [1] | 0 | 0 | 30 | -13,379 | [2] | 0 | 0 | -13,349 | -38,117 | |||||
Net income (loss) | -54,184 | -34,549 | [1] | 215,781 | [1] | 98,043 | -76,398 | -89,903 | 135,859 | [2] | 43,113 | 225,091 | 12,671 | 140,924 | |||||
Net income (loss) attributable to AmeriGas Partners, L.P. | ($54,056) | ($34,595) | [1] | $213,208 | [1] | $96,665 | ($76,003) | ($89,382) | $133,885 | [2] | $42,525 | $221,222 | $11,025 | $138,523 | |||||
Income (loss) per limited partner unit: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Basic (in dollars per unit) | -0.63 | [3] | -0.43 | [3] | 1.56 | [1],[3] | 0.93 | [3] | -0.86 | [3] | -1 | [3] | 1.26 | [2],[3] | 0.55 | [3] | 2.14 | -0.11 | 2.3 |
Diluted (in dollars per unit) | -0.63 | [3] | -0.43 | [3] | 1.56 | [1],[3] | 0.93 | [3] | -0.86 | [3] | -1 | [3] | 1.26 | [2],[3] | 0.55 | [3] | 2.14 | -0.11 | 2.3 |
[1] | The Partnership recorded the cumulative effect of an error in accounting for certain customer credits as of January 1, 2013, which decreased revenues and operating income by $7,038, and decreased net income attributable to AmeriGas Partners, L.P. by $6,967, for the three months ended March 31, 2013. The correction of the error in accounting for customer credits increased propane revenues and operating income by $3,600, and decreased net loss attributable to AmeriGas Partners, L.P. by $3,564, for the three months ended June 30, 2013 (see Note 2). | ||||||||||||||||||
[2] | Includes loss on extinguishment of debt which decreased net income and net income attributable to AmeriGas Partners, L.P. by $13,379 (see Note 6). | ||||||||||||||||||
[3] | Theoretical distributions of net income (loss) attributable to AmeriGas Partners, L.P. in accordance with accounting guidance regarding the application of the two-class method for determining earnings per share (see Note 2) resulted in a different allocation of net income attributable to AmeriGas Partners, L.P. to the General Partner and the limited partners in the computation of income per limited partner unit which had the effect of decreasing quarterly earnings per limited partner unit for the quarters ended December 31 and March 31 as follows: December 31, March 31,Quarter ended: 2012 2011 2013 2012Decrease in income per limited partner unit $(0.06) $(0.16) $(0.66) $(0.30) |
Quarterly_Data_Unaudited_Detai1
Quarterly Data (Unaudited) (Details Textuals) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |||
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Loss on extinguishments of debt | $0 | $0 | [1] | $0 | [1] | $0 | $0 | ($30) | $13,379 | [2] | $0 | $0 | $13,349 | $38,117 |
Decrease in income per limited partner unit | ' | ' | -0.66 | -0.06 | ' | ' | -0.3 | -0.16 | ' | ' | ' | |||
Impact on revenues and accounts receivable [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Quantifying Misstatement in Current Year Financial Statements [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Quantifying Misstatement in Current Year Financial Statements, Decrease in Revenues | ' | ' | 7,038 | ' | ' | ' | ' | ' | ' | ' | ' | |||
Quantifying Misstatement in Current Year Financial Statements, Amount | ' | 3,600 | ' | ' | ' | ' | ' | ' | 4,700 | ' | ' | |||
Impact on net income attributable to AmeriGas Partners, L.P. [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Quantifying Misstatement in Current Year Financial Statements [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Quantifying Misstatement in Current Year Financial Statements, Decrease in Revenues | ' | ' | 6,967 | ' | ' | ' | ' | ' | ' | ' | ' | |||
Quantifying Misstatement in Current Year Financial Statements, Amount | ' | $3,564 | ' | ' | ' | ' | ' | ' | $4,652 | ' | ' | |||
[1] | The Partnership recorded the cumulative effect of an error in accounting for certain customer credits as of January 1, 2013, which decreased revenues and operating income by $7,038, and decreased net income attributable to AmeriGas Partners, L.P. by $6,967, for the three months ended March 31, 2013. The correction of the error in accounting for customer credits increased propane revenues and operating income by $3,600, and decreased net loss attributable to AmeriGas Partners, L.P. by $3,564, for the three months ended June 30, 2013 (see Note 2). | |||||||||||||
[2] | Includes loss on extinguishment of debt which decreased net income and net income attributable to AmeriGas Partners, L.P. by $13,379 (see Note 6). |
Condensed_Financial_Informatio1
Condensed Financial Information of Registrant (Parent Company) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Accounts receivable — related party | $1,509 | $970 |
Total current assets | 500,692 | 523,368 |
Other assets | 41,383 | 43,934 |
Total assets | 4,409,846 | 4,517,331 |
Current liabilities: | ' | ' |
Current maturities of long-term debt | 12,014 | 30,706 |
Accounts payable and other liabilities | 94,343 | 109,234 |
Total current liabilities | 616,974 | 670,845 |
Long-term debt | 2,288,097 | 2,297,363 |
Commitments and contingencies | ' | ' |
Partners’ capital: | ' | ' |
Common unitholders | 1,354,187 | 1,455,702 |
General partner | 15,930 | 16,975 |
Accumulated other comprehensive income (loss) | 14,986 | -43,569 |
Total liabilities and partners’ capital | 4,409,846 | 4,517,331 |
Parent Company [Member] | ' | ' |
Current assets: | ' | ' |
Cash | 262 | 708 |
Accounts receivable — related party | 6,479 | 3,108 |
Prepaids and other current assets | 1,155 | 1,154 |
Total current assets | 7,896 | 4,970 |
Investment in AmeriGas Propane, L.P. | 3,648,909 | 3,693,018 |
Other assets | 27,300 | 31,198 |
Total assets | 3,684,105 | 3,729,186 |
Current liabilities: | ' | ' |
Current maturities of long-term debt | 0 | 0 |
Accounts payable and other liabilities | 495 | 503 |
Accrued interest | 47,662 | 48,730 |
Total current liabilities | 48,157 | 49,233 |
Long-term debt | 2,250,845 | 2,250,845 |
Partners’ capital: | ' | ' |
Common unitholders | 1,354,187 | 1,455,702 |
General partner | 15,930 | 16,975 |
Accumulated other comprehensive income (loss) | 14,986 | -43,569 |
Total partners’ capital | 1,385,103 | 1,429,108 |
Total liabilities and partners’ capital | $3,684,105 | $3,729,186 |
Condensed_Financial_Informatio2
Condensed Financial Information of Registrant (Parent Company) (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |||||||||
Consolidated Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Operating (expenses) income, net | ($11,816) | $6,639 | [1] | $257,505 | [1] | $139,866 | ($36,263) | ($48,288) | $195,047 | [2] | $60,096 | $392,194 | $170,592 | $242,949 | ||||||
Loss on extinguishments of debt | 0 | 0 | [1] | 0 | [1] | 0 | 0 | 30 | -13,379 | [2] | 0 | 0 | -13,349 | -38,117 | ||||||
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -165,432 | -142,641 | -63,518 | |||||||||
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 226,762 | 14,602 | 141,314 | |||||||||
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,671 | 1,931 | 390 | |||||||||
Net income | -54,184 | -34,549 | [1] | 215,781 | [1] | 98,043 | -76,398 | -89,903 | 135,859 | [2] | 43,113 | 225,091 | 12,671 | 140,924 | ||||||
Equity in income of AmeriGas Propane, L.P. | ' | ' | ' | ' | ' | ' | ' | ' | -3,869 | -1,646 | -2,401 | |||||||||
Net income attributable to AmeriGas Partners, L.P. | -54,056 | -34,595 | [1] | 213,208 | [1] | 96,665 | -76,003 | -89,382 | 133,885 | [2] | 42,525 | 221,222 | 11,025 | 138,523 | ||||||
General partner’s interest in net income | ' | ' | ' | ' | ' | ' | ' | ' | 21,498 | 13,119 | 6,422 | |||||||||
Limited partners’ interest in net income | ' | ' | ' | ' | ' | ' | ' | ' | 199,724 | -2,094 | 132,101 | |||||||||
Income (loss) per limited partner unit — basic and diluted: | -0.63 | [3] | -0.43 | [3] | 1.56 | [1],[3] | 0.93 | [3] | -0.86 | [3] | -1 | [3] | 1.26 | [2],[3] | 0.55 | [3] | 2.14 | -0.11 | 2.3 | |
Average limited partner units outstanding — basic (thousands) | ' | ' | ' | ' | ' | ' | ' | ' | 92,832 | 81,433 | [4] | 57,119 | ||||||||
Average limited partner units outstanding — diluted (thousands) | ' | ' | ' | ' | ' | ' | ' | ' | 92,910 | 81,433 | [4] | 57,170 | ||||||||
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Consolidated Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||
Operating (expenses) income, net | ' | ' | ' | ' | ' | ' | ' | ' | -289 | -3,568 | 75 | |||||||||
Loss on extinguishments of debt | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -13,349 | -38,117 | |||||||||
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -154,593 | -133,372 | -58,701 | |||||||||
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -154,882 | -150,289 | -96,743 | |||||||||
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 3 | 7 | |||||||||
Net income | ' | ' | ' | ' | ' | ' | ' | ' | -154,883 | -150,292 | -96,750 | |||||||||
Equity in income of AmeriGas Propane, L.P. | ' | ' | ' | ' | ' | ' | ' | ' | 376,105 | 161,317 | 235,273 | |||||||||
Net income attributable to AmeriGas Partners, L.P. | ' | ' | ' | ' | ' | ' | ' | ' | 221,222 | 11,025 | 138,523 | |||||||||
General partner’s interest in net income | ' | ' | ' | ' | ' | ' | ' | ' | 21,498 | 13,119 | 6,422 | |||||||||
Limited partners’ interest in net income | ' | ' | ' | ' | ' | ' | ' | ' | $199,724 | ($2,094) | $132,101 | |||||||||
Income (loss) per limited partner unit — basic and diluted: | ' | ' | ' | ' | ' | ' | ' | ' | 2.14 | -0.11 | 2.3 | |||||||||
Average limited partner units outstanding — basic (thousands) | ' | ' | ' | ' | ' | ' | ' | ' | 92,832 | 81,433 | 57,119 | |||||||||
Average limited partner units outstanding — diluted (thousands) | ' | ' | ' | ' | ' | ' | ' | ' | 92,910 | 81,433 | 57,170 | |||||||||
[1] | The Partnership recorded the cumulative effect of an error in accounting for certain customer credits as of January 1, 2013, which decreased revenues and operating income by $7,038, and decreased net income attributable to AmeriGas Partners, L.P. by $6,967, for the three months ended March 31, 2013. The correction of the error in accounting for customer credits increased propane revenues and operating income by $3,600, and decreased net loss attributable to AmeriGas Partners, L.P. by $3,564, for the three months ended June 30, 2013 (see Note 2). | |||||||||||||||||||
[2] | Includes loss on extinguishment of debt which decreased net income and net income attributable to AmeriGas Partners, L.P. by $13,379 (see Note 6). | |||||||||||||||||||
[3] | Theoretical distributions of net income (loss) attributable to AmeriGas Partners, L.P. in accordance with accounting guidance regarding the application of the two-class method for determining earnings per share (see Note 2) resulted in a different allocation of net income attributable to AmeriGas Partners, L.P. to the General Partner and the limited partners in the computation of income per limited partner unit which had the effect of decreasing quarterly earnings per limited partner unit for the quarters ended December 31 and March 31 as follows: December 31, March 31,Quarter ended: 2012 2011 2013 2012Decrease in income per limited partner unit $(0.06) $(0.16) $(0.66) $(0.30) | |||||||||||||||||||
[4] | There were 58 potentially dilutive Common Units excluded from the calculation because of the net loss attributable under the two-class method. |
Condensed_Financial_Informatio3
Condensed Financial Information of Registrant (Parent Company) (Details 2) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |||
Consolidated Statements of Cash Flows [Abstract] | ' | ' | ' | |||
NET CASH PROVIDED BY OPERATING ACTIVITIES | $355,603 | $344,429 | $188,851 | |||
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' | |||
Net cash used by investing activities | -108,891 | -1,520,060 | -106,129 | |||
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | |||
Distributions | -327,000 | -271,839 | -171,821 | |||
Issuance of long-term debt | 0 | 1,524,174 | 904,332 | |||
Repayment of long-term debt | -30,531 | -256,992 | -817,976 | |||
Proceeds from issuance of Common Units in public unit offering | 0 | 276,562 | 0 | |||
Proceeds associated with equity based compensation plans, net of tax withheld | 1,221 | 951 | 616 | |||
Capital contributions from General Partner | 13 | 2,824 | 18 | |||
Net cash (used) provided by financing activities | -294,179 | 1,227,101 | -81,816 | |||
(Decrease) increase in cash and cash equivalents | -47,467 | 51,470 | 906 | |||
CASH AND CASH EQUIVALENTS: | ' | ' | ' | |||
End of year | 12,635 | 60,102 | 8,632 | |||
Beginning of year | 60,102 | 8,632 | 7,726 | |||
(Decrease) increase | -47,467 | 51,470 | 906 | |||
Parent Company [Member] | ' | ' | ' | |||
Consolidated Statements of Cash Flows [Abstract] | ' | ' | ' | |||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 325,320 | [1] | 170,598 | [1] | 156,523 | [1] |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' | |||
Acquisitions of businesses, net of cash acquired | 0 | -1,411,451 | 0 | |||
Contributions to AmeriGas Propane, L.P. | 0 | -60,748 | -77,135 | |||
Net cash used by investing activities | 0 | -1,472,199 | -77,135 | |||
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | |||
Distributions | -327,000 | -271,839 | -171,821 | |||
Issuance of long-term debt | 0 | 1,524,174 | 904,210 | |||
Repayment of long-term debt | 0 | -232,844 | -810,232 | |||
Proceeds from issuance of Common Units in public unit offering | 0 | 276,562 | 0 | |||
Proceeds associated with equity based compensation plans, net of tax withheld | 1,221 | 951 | 616 | |||
Capital contributions from General Partner | 13 | 2,824 | 18 | |||
Net cash (used) provided by financing activities | -325,766 | 1,299,828 | -77,209 | |||
(Decrease) increase in cash and cash equivalents | -446 | -1,773 | 2,179 | |||
CASH AND CASH EQUIVALENTS: | ' | ' | ' | |||
End of year | 262 | 708 | 2,481 | |||
Beginning of year | 708 | 2,481 | 302 | |||
(Decrease) increase | ($446) | ($1,773) | $2,179 | |||
[1] | Includes cash distributions received from AmeriGas Propane, L.P. of $478,458, $334,527 and $222,635 for the years ended September 30, 2013, 2012 and 2011, respectiv |
Condensed_Financial_Informatio4
Condensed Financial Information of Registrant (Parent Company) (Details Textuals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ' | ' |
Distributions received from AmeriGas Propane, L.P | $478,458 | $334,527 | $222,635 |
Recovered_Sheet1
Valuation and Qualifying Accounts (Details) (Allowance for doubtful accounts [Member], USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |||
Allowance for doubtful accounts [Member] | ' | ' | ' | |||
Valuation And Qualifying Accounts | ' | ' | ' | |||
Beginning Balance | $17,217 | $17,181 | $15,290 | |||
Charged (credited) to costs and expenses | 16,477 | 15,088 | 12,807 | |||
Other | -15,142 | [1] | -15,052 | [1] | -10,916 | [1] |
Ending Balance | $18,552 | $17,217 | $17,181 | |||
[1] | Uncollectible accounts written off, net of recoveries. |