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National Oilwell Varco, Inc.'s quarterly accounts payable increased from Jun. 2013 ($4,587 Mil) to Sep. 2013 ($5,982 Mil) but then declined from Sep. 2013 ($5,982 Mil) to Dec. 2013 ($3,890 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).
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
National Oilwell Varco, Inc. Quarterly Data