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Torchmark Corp (NYSE:TMK)
Accounts Payable
$1,861 Mil (As of Jun. 2014)

Torchmark Corp's quarterly accounts payable increased from Dec. 2013 ($223 Mil) to Mar. 2014 ($1,529 Mil) and increased from Mar. 2014 ($1,529 Mil) to Jun. 2014 ($1,861 Mil).

Torchmark Corp's annual accounts payable declined from Dec. 2011 ($347 Mil) to Dec. 2012 ($228 Mil) and declined from Dec. 2012 ($228 Mil) to Dec. 2013 ($223 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.

Torchmark Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 000000346347228223

Torchmark Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Accts Payable 3663463612282271,5291,5212231,5291,861
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