Legg Mason (Legg Mason) Accounts Payable & Accrued Expense : $166 Mil (As of Jun. 2020)

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What is Legg Mason Accounts Payable & Accrued Expense?

Legg Mason's quarterly accounts payable & accrued expense declined from Dec. 2019 ($159 Mil) to Mar. 2020 ($157 Mil) but then increased from Mar. 2020 ($157 Mil) to Jun. 2020 ($166 Mil).

Legg Mason's annual accounts payable & accrued expense increased from Mar. 2018 ($176 Mil) to Mar. 2019 ($183 Mil) but then declined from Mar. 2019 ($183 Mil) to Mar. 2020 ($157 Mil).

Legg Mason Accounts Payable & Accrued Expense Historical Data

The historical data trend for Legg Mason's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Legg Mason Accounts Payable & Accrued Expense Chart

Legg Mason Annual Data

Trend

Mar11

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Mar20

Accounts Payable & Accrued Expense

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201.57

181.79

175.58

182.92

156.98

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															174.03	145.86	159.42	156.98	165.86

Legg Mason Accounts Payable & Accrued Expense Calculation

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.

Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.