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Micron Technology Inc (NAS:MU)
Accounts Payable
$2,732 Mil (As of May. 2014)

Micron Technology Inc's quarterly accounts payable declined from Nov. 2013 ($2,630 Mil) to Feb. 2014 ($2,523 Mil) but then increased from Feb. 2014 ($2,523 Mil) to May. 2014 ($2,732 Mil).

Micron Technology Inc's annual accounts payable declined from Aug. 2011 ($1,823 Mil) to Aug. 2012 ($1,500 Mil) but then increased from Aug. 2012 ($1,500 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

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
Accts Payable 7967531,3191,3001,1111,0371,5091,8231,5001,975

Micron Technology Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Accts Payable 1,4571,5471,5001,2391,4981,4242,1152,6302,5232,732
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