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Petrofac (Petrofac) Accounts Payable & Accrued Expense : $788 Mil (As of Jun. 2023)


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What is Petrofac Accounts Payable & Accrued Expense?

Petrofac's quarterly accounts payable & accrued expense declined from Jun. 2022 ($735 Mil) to Dec. 2022 ($728 Mil) but then increased from Dec. 2022 ($728 Mil) to Jun. 2023 ($788 Mil).

Petrofac's annual accounts payable & accrued expense declined from Dec. 2020 ($1,078 Mil) to Dec. 2021 ($856 Mil) and declined from Dec. 2021 ($856 Mil) to Dec. 2022 ($728 Mil).

Petrofac Accounts Payable & Accrued Expense Historical Data

The historical data trend for Petrofac's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Petrofac Accounts Payable & Accrued Expense Chart

Petrofac Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,213.00 1,306.00 1,078.00 856.00 728.00

Petrofac Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,051.00 856.00 735.00 728.00 788.00

Petrofac Accounts Payable & Accrued Expense Calculation

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.

Petrofac (Petrofac) Business Description

Industry
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Traded in Other Exchanges
POFCF:USA PFCl:UK PFC:UK P2F:Germany
Address
26 New Street, St Helier, JEY, JE2 3RA
Website
https://www.petrofac.com
Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated energy services. It derives the majority of the revenue from Engineering and Construction which provides fixed-price engineering, procurement and construction project execution services and reimbursable engineering, procurement and construction management services to the onshore and offshore oil and gas industry. The company operates worldwide and generates most of its revenue from the United kingdom.