Veresen (TSX:VSN.PR.A.PFD) Accounts Payable & Accrued Expense : C$71.00 Mil (As of Jun. 2017)

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What is Veresen Accounts Payable & Accrued Expense?

Veresen's quarterly accounts payable & accrued expense declined from Dec. 2016 (C$99.00 Mil) to Mar. 2017 (C$83.00 Mil) and declined from Mar. 2017 (C$83.00 Mil) to Jun. 2017 (C$71.00 Mil).

Veresen's annual accounts payable & accrued expense declined from Dec. 2014 (C$79.00 Mil) to Dec. 2015 (C$66.00 Mil) but then increased from Dec. 2015 (C$66.00 Mil) to Dec. 2016 (C$99.00 Mil).

Veresen Accounts Payable & Accrued Expense Historical Data

The historical data trend for Veresen'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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Veresen Accounts Payable & Accrued Expense Chart

Veresen Annual Data

Trend

Dec07

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Dec12

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Dec16

Accounts Payable & Accrued Expense

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73.50

63.30

79.00

66.00

99.00

Veresen Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															84.00	91.00	99.00	83.00	71.00

Veresen 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.

Veresen (TSX:VSN.PR.A.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Veresen Inc (TSX:VSN.PR.A.PFD) » Definitions » Accounts Payable & Accrued Expense

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Address

Website

http://www.vereseninc.com

Veresen Inc is an energy infrastructure company based in Calgary, Alberta, Canada. It owns and operates energy infrastructure assets across North America. The Company operates in three business segments, Pipelines, Midstream, and Power. The Company's Pipelines segment owns a 1,330-kilometre pipeline system that transports purity ethane from various Alberta ethane extraction plants to Alberta's major petrochemical complexes located near Joffre and Fort Saskatchewan, Alberta; and also owns a 3,000-kilometre natural gas pipeline comprised of a mainline and various connecting lateral pipelines. This pipeline extends from northeastern B.C. to points near Chicago, Illinois. It's Midstream Business segment is comprised of two natural gas processing plants with combined functional capacity of 516 mmcf/d, as well as approximately 40,000 horsepower of compression and 370 km of gas gathering lines and is located in the Cutbank Ridge region of Alberta and British Columbia. The Hythe plant processes both sour and sweet natural gas, while the Steeprock plant is a sour gas processing facility. While, its Power Business segment operates, a Gas-Fired Generation facility consisting of an 86-MW cogeneration facility located in Windsor, Ontario; 17-MW cogeneration facility located in London, Ontario; 49-MW cogeneration facility located in Ripon, California; 44-MW cogeneration facility located in Pomona, California; and 70-MW combined cycle power cogeneration facility located in Brush, Colorado; an district energy system that produces and distributes steam and chilled water fueled primarily by natural gas, located in London, Ontario; and a district energy system that produces and distributes steam, hot water and electricity fueled primarily by biomass and waste fuel, located in Charlottetown, P.E.I.; a Run-of-River Hydro facility that produces a 33-MW run-of-river hydroelectric power located on the Black River near Watertown, New York; an 11-MW run-of-river power facility located 30 km north of Vancouver, B.C.; two 5-MW waste-heat power generation facilities located at Spectra pipeline's 150 Mile House and Savona, B.C. compressor stations; and a 33-MW wind project under construction in the County of Huron, Ontario; and also operates two wind power facilities, 9-MW and 11-MW, respectively, near Grand Valley, Ontario.

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