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Discover Financial Services (NYSE:DFS)
Accounts Payable
$2,856 Mil (As of Sep. 2014)

Discover Financial Services's quarterly accounts payable declined from Mar. 2014 ($3,273 Mil) to Jun. 2014 ($2,934 Mil) and declined from Jun. 2014 ($2,934 Mil) to Sep. 2014 ($2,856 Mil).

Discover Financial Services's annual accounts payable increased from Nov. 2011 ($2,627 Mil) to Nov. 2012 ($3,337 Mil) but then declined from Nov. 2012 ($3,337 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

Nov03Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Dec13
Accts Payable 01,6411352652693,0642,2092,6273,3372,958

Discover Financial Services Quarterly Data

Aug12Nov12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Accts Payable 2,9483,3373,4123,9263,6333,0362,9583,2732,9342,856
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