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Legg Mason Inc (NYSE:LM)
Accounts Payable
$558 Mil (As of Dec. 2013)

Legg Mason Inc's quarterly accounts payable increased from Jun. 2013 ($396 Mil) to Sep. 2013 ($470 Mil) and increased from Sep. 2013 ($470 Mil) to Dec. 2013 ($558 Mil).

Legg Mason Inc's annual accounts payable increased from Mar. 2011 ($576 Mil) to Mar. 2012 ($606 Mil) but then declined from Mar. 2012 ($606 Mil) to Mar. 2013 ($567 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.

Legg Mason Inc Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
Accts Payable 02891,0237201,099775688576606567

Legg Mason Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Accts Payable 483548606382476417567396470558
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