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Lorillard Inc (NYSE:LO)
Accounts Payable
$400 Mil (As of Jun. 2014)

Lorillard Inc's quarterly accounts payable increased from Dec. 2013 ($407 Mil) to Mar. 2014 ($511 Mil) but then declined from Mar. 2014 ($511 Mil) to Jun. 2014 ($400 Mil).

Lorillard Inc's annual accounts payable declined from Dec. 2010 ($366 Mil) to Dec. 2011 ($334 Mil) but then increased from Dec. 2011 ($334 Mil) to Dec. 2012 ($418 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 0346271260299355366334418407

Lorillard Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Accts Payable 503354389418631333380407511400
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