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Legg Mason Inc (NYSE:LM)
Accounts Payable
$395 Mil (As of Jun. 2015)

Legg Mason Inc's quarterly accounts payable increased from Dec. 2014 ($582 Mil) to Mar. 2015 ($608 Mil) but then declined from Mar. 2015 ($608 Mil) to Jun. 2015 ($395 Mil).

Legg Mason Inc's annual accounts payable increased from Mar. 2013 ($567 Mil) to Mar. 2014 ($640 Mil) but then declined from Mar. 2014 ($640 Mil) to Mar. 2015 ($608 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

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
Accts Payable 1,0237201,099775689576606567640608

Legg Mason Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
Accts Payable 567396470558640382472582608395
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