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Energy Company of Minas Gerais (NYSE:CIG)
Accounts Payable
$1,676 Mil (As of Jun. 2014)

Energy Company of Minas Gerais's quarterly accounts payable increased from Dec. 2013 ($1,354 Mil) to Mar. 2014 ($1,684 Mil) but then declined from Mar. 2014 ($1,684 Mil) to Jun. 2014 ($1,676 Mil).

Energy Company of Minas Gerais's annual accounts payable increased from Dec. 2011 ($1,930 Mil) to Dec. 2012 ($2,748 Mil) but then declined from Dec. 2012 ($2,748 Mil) to Dec. 2013 ($1,354 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.

Energy Company of Minas Gerais Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 6941,3871,3311,6311,2381,6551,9301,9302,7481,354

Energy Company of Minas Gerais Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Accts Payable 2,0151,5471,5672,74801,4991,3441,3541,6841,676
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