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Legg Mason Inc (NYSE:LM)
Accounts Payable
$472 Mil (As of Sep. 2014)

Legg Mason Inc's quarterly accounts payable declined from Mar. 2014 ($640 Mil) to Jun. 2014 ($382 Mil) but then increased from Jun. 2014 ($382 Mil) to Sep. 2014 ($472 Mil).

Legg Mason Inc's annual accounts payable declined from Mar. 2012 ($606 Mil) to Mar. 2013 ($567 Mil) but then increased from Mar. 2013 ($567 Mil) to Mar. 2014 ($640 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.

Legg Mason Inc Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
Accts Payable 3,4191,023850794775689576606567640

Legg Mason Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Accts Payable 382476417567396470558640382472
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