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Cliffs Natural Resources Inc (NYSE:CLF)
Accounts Payable
$604 Mil (As of Jun. 2014)

Cliffs Natural Resources Inc's quarterly accounts payable declined from Dec. 2013 ($862 Mil) to Mar. 2014 ($693 Mil) and declined from Mar. 2014 ($693 Mil) to Jun. 2014 ($604 Mil).

Cliffs Natural Resources Inc's annual accounts payable increased from Dec. 2011 ($1,015 Mil) to Dec. 2012 ($1,092 Mil) but then declined from Dec. 2012 ($1,092 Mil) to Dec. 2013 ($862 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.

Cliffs Natural Resources Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 1361992152734913766751,0151,092862

Cliffs Natural Resources Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Accts Payable 8379921,092852839813862693604621
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