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GuruFocus has detected 4 Warning Signs with Magellan Midstream Partners LP $MMP.
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Magellan Midstream Partners LP (NYSE:MMP)
Accounts Payable & Accrued Expense
$240 Mil (As of Mar. 2017)

Magellan Midstream Partners LP's quarterly accounts payable & accrued expense increased from Sep. 2016 ($268 Mil) to Dec. 2016 ($290 Mil) but then declined from Dec. 2016 ($290 Mil) to Mar. 2017 ($240 Mil).

Magellan Midstream Partners LP's annual accounts payable & accrued expense increased from Dec. 2014 ($284 Mil) to Dec. 2015 ($290 Mil) and increased from Dec. 2015 ($290 Mil) to Dec. 2016 ($290 Mil).


Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

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 local exchange's currency.

Magellan Midstream Partners LP Annual Data

Accounts Payable & Accrued Expense 147121170196224292265284290290

Magellan Midstream Partners LP Quarterly Data

Accounts Payable & Accrued Expense 284249250292290248285268290240
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