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Discover Financial Services (NYSE:DFS)
Accounts Payable
$3,089 Mil (As of Jun. 2015)

Discover Financial Services's quarterly accounts payable increased from Dec. 2014 ($3,246 Mil) to Mar. 2015 ($3,450 Mil) but then declined from Mar. 2015 ($3,450 Mil) to Jun. 2015 ($3,089 Mil).

Discover Financial Services's annual accounts payable declined from Nov. 2012 ($3,337 Mil) to Dec. 2013 ($2,958 Mil) but then increased from Dec. 2013 ($2,958 Mil) to Dec. 2014 ($3,246 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

Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Dec13Dec14
Accts Payable 1,6411352653,2113,0642,2092,9603,3372,9583,246

Discover Financial Services Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
Accts Payable 3,9263,6333,0362,9583,2732,9342,8563,2463,4503,089
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