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Magellan Midstream Partners LP (NYSE:MMP)
Accounts Payable
$292 Mil (As of Sep. 2015)

Magellan Midstream Partners LP's quarterly accounts payable increased from Mar. 2015 ($249 Mil) to Jun. 2015 ($250 Mil) and increased from Jun. 2015 ($250 Mil) to Sep. 2015 ($292 Mil).

Magellan Midstream Partners LP'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 LP Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Accts Payable 1751471211581962242922652840

Magellan Midstream Partners LP Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
Accts Payable 2672652252212702842492502920
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