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Energy Company of Minas Gerais (NYSE:CIG)
Accounts Payable
$1,332 Mil (As of Dec. 2013)

Energy Company of Minas Gerais's quarterly accounts payable declined from Jun. 2013 ($1,436 Mil) to Sep. 2013 ($1,377 Mil) and declined from Sep. 2013 ($1,377 Mil) to Dec. 2013 ($1,332 Mil).

Energy Company of Minas Gerais's annual accounts payable increased from Dec. 2011 ($1,989 Mil) to Dec. 2012 ($3,138 Mil) but then declined from Dec. 2012 ($3,138 Mil) to Dec. 2013 ($1,332 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 7001,3961,3381,6441,2841,6261,9551,9893,1381,332

Energy Company of Minas Gerais Quarterly Data

Jun11Sep11Dec11Mar12Jun12Sep12Dec12Jun13Sep13Dec13
Accts Payable 01,9661,9891,9531,5531,5653,1381,4361,3771,332
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