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Valero Energy Corporation's quarterly accounts payable increased from Jun. 2013 ($11,335 Mil) to Sep. 2013 ($12,979 Mil) but then declined from Sep. 2013 ($12,979 Mil) to Dec. 2013 ($12,553 Mil).
Valero Energy Corporation's annual accounts payable declined from Dec. 2011 ($11,450 Mil) to Dec. 2012 ($10,946 Mil) but then increased from Dec. 2012 ($10,946 Mil) to Dec. 2013 ($12,553 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.
Valero Energy Corporation Annual Data
Valero Energy Corporation Quarterly Data