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Cummins Inc (NYSE:CMI)
Accounts Payable
$3,077 Mil (As of Jun. 2014)

Cummins Inc's quarterly accounts payable increased from Dec. 2013 ($2,655 Mil) to Mar. 2014 ($2,854 Mil) and increased from Mar. 2014 ($2,854 Mil) to Jun. 2014 ($3,077 Mil).

Cummins Inc's annual accounts payable declined from Dec. 2011 ($3,324 Mil) to Dec. 2012 ($2,458 Mil) but then increased from Dec. 2012 ($2,458 Mil) to Dec. 2013 ($2,655 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.

Cummins Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 1,8532,0642,2352,4822,5702,2672,9963,3242,4582,655

Cummins Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Accts Payable 3,3863,2212,9702,4582,5642,7432,6852,6552,8543,077
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