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Magellan Midstream Partners, L.P. (NYSE:MMP)
Accounts Payable
$265 Mil (As of Dec. 2013)

Magellan Midstream Partners, L.P.'s quarterly accounts payable increased from Jun. 2013 ($231 Mil) to Sep. 2013 ($267 Mil) but then declined from Sep. 2013 ($267 Mil) to Dec. 2013 ($265 Mil).

Magellan Midstream Partners, L.P.'s annual accounts payable increased from Dec. 2011 ($224 Mil) to Dec. 2012 ($292 Mil) but then declined from Dec. 2012 ($292 Mil) to Dec. 2013 ($265 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 7293156124141170196224292265

Magellan Midstream Partners, L.P. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Accts Payable 230224204222280292276231267265
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