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Magellan Midstream Partners, L.P. (NYSE:MMP)
Accounts Payable
{IF BankInsurance_zone 1}
$249 Mil (As of )Mar. 2015)
{IF AP_Q_zone 1}{ELSE} {/IF}

Magellan Midstream Partners, L.P.s quarterly accounts payable increased from Sep. 2014 ($270 Mil) to Dec. 2014 ($270 Mil) but then declined from Dec. 2014 ($284 Mil) to Mar. 2015 ($249 Mil)

Magellan Midstream Partners, L.P.s quarterly accounts payable declined from Dec. 2012 ($292 Mil) to Dec. 2013 ($292 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

{data_exp}

Magellan Midstream Partners, L.P. Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Accts Payable 110175147121170196224292265284
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
Accts Payable 292276231267265225221270284249
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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