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Lorillard Inc (NYSE:LO)
Accounts Payable
$325 Mil (As of Sep. 2014)

Lorillard Inc's quarterly accounts payable declined from Mar. 2014 ($511 Mil) to Jun. 2014 ($400 Mil) and declined from Jun. 2014 ($400 Mil) to Sep. 2014 ($325 Mil).

Lorillard Inc's annual accounts payable declined from Dec. 2011 ($334 Mil) to Dec. 2012 ($305 Mil) but then increased from Dec. 2012 ($305 Mil) to Dec. 2013 ($349 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.

Lorillard Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 0346271260299355366334305349

Lorillard Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Accts Payable 354389305631333380349511400325
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