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Telefonica Brasil S.A.'s quarterly accounts payable increased from Jun. 2013 ($4,320 Mil) to Sep. 2013 ($4,826 Mil) but then declined from Sep. 2013 ($4,826 Mil) to Dec. 2013 ($4,298 Mil).
Telefonica Brasil S.A.'s annual accounts payable declined from Dec. 2011 ($5,380 Mil) to Dec. 2012 ($4,417 Mil) and declined from Dec. 2012 ($4,417 Mil) to Dec. 2013 ($4,298 Mil).
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Telefonica Brasil S.A. Annual Data
Telefonica Brasil S.A. Quarterly Data