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National Oilwell Varco Inc's quarterly accounts payable & accrued expense declined from Sep. 2015 ($2,868 Mil) to Dec. 2015 ($2,240 Mil) and declined from Dec. 2015 ($2,240 Mil) to Mar. 2016 ($2,203 Mil).
National Oilwell Varco Inc's annual accounts payable & accrued expense declined from Dec. 2012 ($4,404 Mil) to Dec. 2013 ($3,890 Mil) and declined from Dec. 2013 ($3,890 Mil) to Dec. 2014 ($3,866 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.
National Oilwell Varco Inc Annual Data
|Accounts Payable & Accrued Expense||2,660||3,874||5,619||4,167||2,792||3,006||4,404||3,890||3,866||2,240|
National Oilwell Varco Inc Quarterly Data
|Accounts Payable & Accrued Expense||3,890||3,816||3,195||3,931||3,866||3,402||2,782||2,868||2,240||2,203|