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Penn West Petroleum Ltd (NYSE:PWE)
Accounts Payable
$639 Mil (As of Mar. 2014)

Penn West Petroleum Ltd's quarterly accounts payable increased from Sep. 2013 ($620 Mil) to Dec. 2013 ($660 Mil) but then declined from Dec. 2013 ($660 Mil) to Mar. 2014 ($639 Mil).

Penn West Petroleum Ltd's annual accounts payable declined from Dec. 2011 ($1,219 Mil) to Dec. 2012 ($900 Mil) and declined from Dec. 2012 ($900 Mil) to Dec. 2013 ($660 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.

Penn West Petroleum Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 2502633273566225549091,219900660

Penn West Petroleum Ltd Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
Accts Payable 1,2191,172865895900979716620660639
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