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Micron Technology Inc (NAS:MU)
Accounts Payable
$2,828 Mil (As of May. 2014)

Micron Technology Inc's quarterly accounts payable increased from Nov. 2013 ($2,630 Mil) to Feb. 2014 ($2,679 Mil) and increased from Feb. 2014 ($2,679 Mil) to May. 2014 ($2,828 Mil).

Micron Technology Inc's annual accounts payable declined from Aug. 2011 ($1,823 Mil) to Aug. 2012 ($1,641 Mil) but then increased from Aug. 2012 ($1,641 Mil) to Aug. 2013 ($1,975 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.

Micron Technology Inc Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
Accts Payable 7531,3191,3001,1111,0371,5091,8231,6411,9752,698

Micron Technology Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Accts Payable 1,5471,5001,5841,4981,5902,1152,6302,6792,8282,698
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