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Legg Mason Inc (NYSE:LM)
Accounts Payable
{IF BankInsurance_zone 1}
$553 Mil (As of )Sep. 2016)
{IF AP_Q_zone 1}{ELSE} {/IF}

Legg Mason Incs quarterly accounts payable declined from Mar. 2016 ($632 Mil) to Jun. 2016 ($632 Mil) but then increased from Jun. 2016 ($440 Mil) to Sep. 2016 ($553 Mil)

Legg Mason Incs quarterly accounts payable declined from Mar. 2014 ($640 Mil) to Mar. 2015 ($640 Mil) but then increased from Mar. 2015 ($608 Mil) to Mar. 2016 ($632 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

{data_exp}

Legg Mason Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
Accts Payable 7201,099775688576606567640608632
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Accts Payable 382472582608395457539632440553
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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