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National Oilwell Varco Inc (NYSE:NOV)
Accounts Payable
$3,195 Mil (As of Jun. 2014)

National Oilwell Varco Inc's quarterly accounts payable increased from Dec. 2013 ($3,890 Mil) to Mar. 2014 ($5,895 Mil) but then declined from Mar. 2014 ($5,895 Mil) to Jun. 2014 ($3,195 Mil).

National Oilwell Varco Inc's annual accounts payable declined from Dec. 2011 ($3,871 Mil) to Dec. 2012 ($3,409 Mil) but then increased from Dec. 2012 ($3,409 Mil) to Dec. 2013 ($3,890 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.

National Oilwell Varco Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 6541,1822,6603,8745,6194,1673,7123,8713,4093,890

National Oilwell Varco Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Accts Payable 4,5544,4813,2353,4095,2504,5875,9823,8905,8953,195
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