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Pier 1 Imports Inc (NYSE:PIR)
Accounts Payable
$244 Mil (As of May. 2014)

Pier 1 Imports Inc's quarterly accounts payable declined from Nov. 2013 ($238 Mil) to Feb. 2014 ($172 Mil) but then increased from Feb. 2014 ($172 Mil) to May. 2014 ($244 Mil).

Pier 1 Imports Inc's annual accounts payable increased from Feb. 2012 ($166 Mil) to Feb. 2013 ($167 Mil) and increased from Feb. 2013 ($167 Mil) to Feb. 2014 ($172 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.

Pier 1 Imports Inc Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
Accts Payable 216208218213186176164166167172

Pier 1 Imports Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Accts Payable 166186201205167224212238172244
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