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Financial history summary
dollars in millions
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2011
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2010
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2009
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2008
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2007
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Operating Results
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Operating Revenue
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$ 65,711
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$ 67,052
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$ 68,090
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$ 74,932
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$ 74,778
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Operating Expenses
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Compensation and benefits
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48,310
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48,909
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50,883
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52,358
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53,306
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Retiree health benefits*
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2,441
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7,747
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3,390
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7,407
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10,084
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All other operating expenses
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19,883
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18,770
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17,557
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17,973
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16,715
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Total Operating Expenses*
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$ 70,634
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$ 75,426
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$ 71,830
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$ 77,738
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$ 80,105
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Operating Loss
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$ (4,923)
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$ (8,374)
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$ (3,740)
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$ (2,806)
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$ (5,327)
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Net Loss
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$ (5,067)
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$ (8,505)
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$ (3,794)
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$ (2,806)
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$ (5,142)
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P.L. 109-435 Payment to PSRHBF*
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$ —
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$ 5,500
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$ 1,400
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$ 5,600
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$ 8,358
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Workers’ Compensation Expenses
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$ 3,672
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$ 3,566
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$ 2,223
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$ 1,227
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$ 880
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Financial Position
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Cash and cash equivalents
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$ 1,488
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$ 1,161
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$ 4,089
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$ 1,432
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$ 899
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Property and equipment, net
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20,337
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21,595
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22,680
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23,193
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23,596
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All other assets
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1,588
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1,570
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1,349
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1,361
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1,352
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Total Assets
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$ 23,413
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$ 24,326
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$ 28,118
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$ 25,986
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$ 25,847
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Total Debt
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$ 13,000
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$ 12,000
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$ 10,200
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$ 7,200
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$ 4,200
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Net Capital
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Capital contributions of the U.S. government
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$ 3,132
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$ 3,132
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$ 3,087
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$ 3,034
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$ 3,034
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Deficit since 1971 reorganization
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(22,072)
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(17,005)
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(8,500)
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(4,706)
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(1,900)
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Total Net (Deficiency) Capital
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$ (18,940)
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$ (13,873)
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$ (5,413)
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$ (1,672)
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$ 1,134
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* P.L.112-33 had the net impact of a $5.5 billion reduction of expenses in 2011. P.L.111-68 had a net impact of a $4.0 billion reduction of expenses in 2009. P.L.109-435 had a net impact of a $6.8 billion increase of expenses in 2007 ($8.4 billion in additional retiree health benefits less $1.6 billion in CSRS savings).
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For more information about United States Postal Service financial statements and copies of financial reports, please visit http://about.usps.com/who-we-are/financials/welcome.htm.
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