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Discover Financial Services (NYSE:DFS)
Accounts Payable
$2,958 Mil (As of Dec. 2013)

Discover Financial Services's quarterly accounts payable declined from Jun. 2013 ($3,633 Mil) to Sep. 2013 ($3,036 Mil) and declined from Sep. 2013 ($3,036 Mil) to Dec. 2013 ($2,958 Mil).

Discover Financial Services's annual accounts payable increased from Nov. 2012 ($3,337 Mil) to Dec. 2012 ($3,412 Mil) but then declined from Dec. 2012 ($3,412 Mil) to Dec. 2013 ($2,958 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.

Discover Financial Services Annual Data

Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Dec12Dec13
Accts Payable 1,6411352653,2113,0642,2092,9603,3373,4122,958

Discover Financial Services Quarterly Data

Nov11Feb12May12Aug12Nov12Dec12Mar13Jun13Sep13Dec13
Accts Payable 2,9602,7552,6092,9483,3373,4123,9263,6333,0362,958
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