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Spirit Airlines Inc (NAS:SAVE)
Accounts Payable
$157 Mil (As of Jun. 2015)

Spirit Airlines Inc's quarterly accounts payable declined from Dec. 2014 ($166 Mil) to Mar. 2015 ($123 Mil) but then increased from Mar. 2015 ($123 Mil) to Jun. 2015 ($157 Mil).

Spirit Airlines Inc's annual accounts payable increased from Dec. 2012 ($145 Mil) to Dec. 2013 ($163 Mil) and increased from Dec. 2013 ($163 Mil) to Dec. 2014 ($166 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.

Spirit Airlines Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Accts Payable 00021495451145163166

Spirit Airlines Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
Accts Payable 181751271631069697166123157
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