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Bank of America Corporation (NYSE:BAC)
Accounts Payable
$150,531 Mil (As of Sep. 2014)

Bank of America Corporation's quarterly accounts payable increased from Mar. 2014 ($149,024 Mil) to Jun. 2014 ($151,055 Mil) but then declined from Jun. 2014 ($151,055 Mil) to Sep. 2014 ($150,531 Mil).

Bank of America Corporation's annual accounts payable declined from Dec. 2011 ($123,049 Mil) to Dec. 2012 ($0 Mil) but then increased from Dec. 2012 ($0 Mil) to Dec. 2013 ($135,662 Mil).


Definition

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Bank of America Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 0000000123,0490135,662

Bank of America Corporation Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Accts Payable 000132,685139,033134,598135,662149,024151,055150,531
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