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Magellan Midstream Partners, L.P. (NYSE:MMP)
Accounts Payable
$284 Mil (As of Dec. 2014)

Magellan Midstream Partners, L.P.'s quarterly accounts payable increased from Jun. 2014 ($221 Mil) to Sep. 2014 ($270 Mil) and increased from Sep. 2014 ($270 Mil) to Dec. 2014 ($284 Mil).

Magellan Midstream Partners, L.P.'s annual accounts payable declined from Dec. 2012 ($292 Mil) to Dec. 2013 ($265 Mil) but then increased from Dec. 2013 ($265 Mil) to Dec. 2014 ($284 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.

Magellan Midstream Partners, L.P. Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Accts Payable 110175147121170196224292265284

Magellan Midstream Partners, L.P. Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
Accts Payable 264292276231267265225221270284
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