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Nike Inc's quarterly accounts payable & accrued expense increased from Aug. 2015 ($5,029 Mil) to Nov. 2015 ($5,205 Mil) but then declined from Nov. 2015 ($5,205 Mil) to Feb. 2016 ($4,813 Mil).
Nike Inc's annual accounts payable & accrued expense increased from May. 2013 ($3,696 Mil) to May. 2014 ($4,768 Mil) and increased from May. 2014 ($4,768 Mil) to May. 2015 ($5,991 Mil).
Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Nike Inc Annual Data
|Accounts Payable & Accrued Expense||2,239||2,344||3,050||2,902||3,218||3,571||3,653||3,696||4,768||5,991|
Nike Inc Quarterly Data
|Accounts Payable & Accrued Expense||3,570||3,717||4,768||4,600||4,679||5,250||5,991||5,029||5,205||4,813|