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GlaxoSmithKline PLC (NYSE:GSK)
Accounts Payable
$14,188 Mil (As of Sep. 2014)

GlaxoSmithKline PLC's quarterly accounts payable declined from Mar. 2014 ($14,521 Mil) to Jun. 2014 ($13,932 Mil) but then increased from Jun. 2014 ($13,932 Mil) to Sep. 2014 ($14,188 Mil).

GlaxoSmithKline PLC's annual accounts payable increased from Dec. 2011 ($13,978 Mil) to Dec. 2012 ($14,802 Mil) and increased from Dec. 2012 ($14,802 Mil) to Dec. 2013 ($15,819 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.

GlaxoSmithKline PLC Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 8,0171,4497,2479,5799,90613,28412,51613,97814,80215,819

GlaxoSmithKline PLC Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Accts Payable 13,74914,26014,80213,90013,87614,47515,81914,52113,93214,188
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