Key Financial and Operating Statistics

Controllable income should not be considered a substitute for net income and other reporting measures under generally accepted accounting principles.

This is a net amount that includes changes in assumptions, as well as the valuation of new claims and revaluation of existing claims, less current year claim payments.

Determined by OPM in 2015 to amortize the $3.6 billion unfunded FERS retirement obligation based on actuarial valuations and assumptions. Payments are to be made in equal installments through 2046.

Please see the discussion regarding the change in accounting estimate for more information.

Financial History Summary

(in millions, unaudited)

	FY2016	FY2015	FY2014
Operating results
Total revenue	$ 71,498	$ 68,928	$ 67,830
Operating expenses
Compensation and benefits	48,689	47,519	46,000
Retiree health benefits	9,105	8,811	8,685
Workers’ compensation	2,682	1,760	2,554
Transportation	6,992	6,579	6,586
All other operating expenses	9,431	9,157	9,353
Loss from operations	(5,401)	(4,898)	(5,348)
Interest, net	(190)	(162)	(160)
Net loss	$ (5,591)	$ (5,060)	$ (5,508)
Financial position
Cash and cash equivalents*	$ 8,077	$ 6,634	$ 4,906
Property and equipment, net	15,296	15,686	16,338
All other assets	1,846	1,694	1,718
Total assets	$ 25,219	$ 24,014	$ 22,962
Accrued retiree health benefits	$ 33,900	$ 28,100	$ 22,417
Workers’ compensation liability	20,039	18,811	18,422
Debt	15,000	15,000	15,000
All other liabilities	12,262	12,494	12,454
Total liabilities	$ 81,201	$ 74,405	$ 68,293
Total net deficiency	$ (55,982)	$ (50,391)	$ (45,331)

*Cash and Cash Equivalents are Unrestricted.

Revenue, Pieces and Weight Statistics

(in millions of units indicated, unaudited)

	FY2016	FY2015	FY2014
First-Class Mail¹
Revenue	$ 27,496	$ 28,411	$ 28,416
Number of pieces	61,219	62,599	63,849
Weight, pounds	3,057	3,166	3,165
Standard Mail²
Revenue	$ 17,622	$ 17,646	$ 17,426
Number of pieces	80,885	80,030	80,308
Weight, pounds	7,960	7,974	8,100
Shipping and Packages services³
Revenue	$ 17,425	$ 15,062	$ 13,549
Number of pieces	5,161	4,539	3,970
Weight, pounds	9,343	7,739	6,486
International Mail
Revenue	$ 2,695	$ 2,702	$ 2,909
Number of pieces	1,006	913	875
Weight, pounds	484	459	444
Periodicals
Revenue	$ 1,507	$ 1,589	$ 1,625
Number of pieces	5,586	5,838	6,045
Weight, pounds	2,042	2,168	2,275
U.S. Postal Service⁴
Number of pieces	421	357	439
Weight, pounds	117	114	111
Free matter for the blind⁴
Number of pieces	45	46	46
Weight, pounds	19	19	21
Other services revenue³	$ 3,623	$ 3,380	$ 3,839
Deferred Revenue – Prepaid Postage 5	$ 1,061	$ —	$ —
Postal Service totals
Operating revenue	$ 71,429	$ 68,790	$ 67,764
Number of pieces	154,323	154,322	155,532
Weight, pounds	23,022	21,639	20,602
Note: Numbers for certain mail categories for the years FY2016, FY2015 and FY2014 have been reclassified subsequent to the Postal Service’s filing its Form 10-K with the PRC on November 15, 2016; therefore slight differences from the 10-K exist, which the Postal Service considers immaterial for financial reporting purposes. The reclassifications did not impact Total Operating Revenue amount.

Excludes First-Class Mail Parcels.

Excludes Standard Mail Parcels.

See Shipping and Packages Services and Other Services Statistics table.

Includes the U.S. Postal Service’s mail and free mail provided to certain groups.

The Postal Service recognizes revenue for postage when a piece of mail is processed and delivered, not at the time a stamp is sold and cash is received. To reflect the difference in revenue and cash received, management estimates the amount of postage stamps sold but not yet used and this amount is recorded as a deferred revenue-prepaid postage liability. This update relates solely to changes in estimates of consumer behavior and, in accordance with GAAP, the adjustment is considered a change in accounting estimate.

Shipping and Packages Services and Other Services Statistics

(in millions of units indicated, unaudited)

	FY2016	FY2015	FY2014
Priority Mail Express
Revenue	$ 809	$ 779	$ 760
Number of pieces	33	36	36
Weight, pounds	35	38	37
First-Class Packages¹
Revenue	$ 2,787	$ 2,294	$ 2,004
Number of pieces	1,030	933	847
Weight, pounds	377	320	283
Priority Mail²
Revenue	$ 8,202	$ 7,689	$ 7,237
Number of pieces	1,028	1,007	934
Weight, pounds	2,466	2,370	2,162
Parcel Select Mail
Revenue	$ 4,661	$ 3,363	$ 2,597
Number of pieces	2,415	1,937	1,549
Weight, pounds	5,014	3,601	2,623
Parcel Return Service Mail
Revenue	$ 169	$ 152	$ 139
Number of pieces	64	60	56
Weight, pounds	188	171	171
Package Services
Revenue	$ 797	$ 785	$ 812
Number of pieces	591	566	548
Weight, pounds	1,263	1,239	1,210
Total shipping and packages services
Revenue	$ 17,425	$ 15,062	$ 13,549
Number of pieces	5,161	4,539	3,970
Weight, pounds	9,343	7,739	6,486
Other services
Certified Mail
Revenue	$ 670	$ 669	$ 673
Number of articles	198	200	208
Return Receipts
Revenue	$ 359	$ 374	$ 362
Number of articles	154	158	154
USPS Tracking
Revenue	$ 1	$ 41	$ 84
Number of articles	4,318	3,550	2,931
PO Box Services revenue	$ 951	$ 924	$ 902
Money Orders
Revenue	$ 153	$ 159	$ 164
Number of articles	90	93	97
Insurance
Revenue	$ 77	$ 90	$ 92
Number of articles	15	19	20
Shipping and mailing supplies
Revenue	$ 109	$ 111	$ 119
Number of articles	54	55	60
Other services revenue	$ 1,303	$ 1,012	$ 1,443
Total other services revenue	$ 3,623	$ 3,380	$ 3,839
Note: Numbers for certain mail categories for the years FY2016, FY2015 and FY2014 have been reclassified subsequent to the Postal Service’s filing its Form 10-K with the PRC on November 15, 2016; therefore slight differences from the 10-K exist, which the Postal Service considers immaterial for financial reporting purposes. The reclassifications did not impact Total Operating Revenue amount.

Includes First-Class Mail Parcels and First-Class Package Services.

Includes Retail Ground which is a retail-only product classified as Market-Dominant. Retail Ground is priced identically to Priority Mail for Zones 1–4 and is functionally equivalent to Priority for those Zones.

Post Office and Delivery Points

(in actual units indicated, unaudited)

	FY2016	FY2015	FY2014
Post Offices, stations and branches
Postal-managed
Post Offices	26,611	26,615	26,669
Classified stations, branches and carrier annexes	4,974	4,991	4,993
Total Postal-managed	31,585	31,606	31,662
Contract Postal Units	2,458	2,504	2,660
Village Post Offices	877	874	767
Community Post Offices	503	536	560
Total offices, stations and branches	35,423	35,520	35,649
Residential delivery points
City delivery	82,411,214	82,020,625	81,650,586
Rural	42,065,134	41,378,300	40,750,668
PO Box	15,926,420	15,894,358	15,858,668
Highway contract	2,880,500	2,827,085	2,774,213
Total residential delivery	143,283,268	142,120,368	141,034,135
Business delivery points
City delivery	7,664,927	7,633,285	7,592,773
Rural	1,614,185	1,584,916	1,554,422
PO Box	3,452,198	3,535,563	3,634,467
Highway contract	79,602	77,696	76,179
Total business delivery	12,810,912	12,831,460	12,857,841
Total delivery points	156,094,180	154,951,828	153,891,976
Change in delivery points	1,142,352	1,059,852	971,543

USPS Employees

(actual numbers, unaudited)

	FY2016	FY2015	FY2014
Headquarters and HQ related employees
Headquarters	3,098	2,916	2,934
Headquarters — field support units	3,640	3,710	3,618
Inspection service — field	2,411	2,379	2,376
Inspector general	1,134	1,142	1,132
Total HQ and HQ related employees	10,283	10,147	10,060
Field employees
Area offices	821	851	818
Postmasters/installation heads	14,398	14,506	16,538
Supervisors/managers	24,832	23,754	23,035
Professional administration and technical personnel	4,526	4,468	4,353
Clerks/nurses	130,178	125,609	118,925
Mail handlers	39,405	38,046	38,910
City delivery carriers	170,885	164,378	164,626
Motor vehicle operators	7,723	6,658	6,603
Rural delivery carriers — full-time	68,261	67,044	66,373
Building and equipment maintenance personnel	32,307	31,136	32,807
Vehicle maintenance employees	5,289	5,266	5,252
Total field employees	498,625	481,716	478,240
Total career employees	508,908	491,863	488,300
Noncareer employees
Casuals	1,633	1,727	1,658
Postal support employees	26,368	29,312	24,781
Nonbargaining temporary	355	367	276
Rural part-time: subs/RCA/RCR/AUX	53,183	50,640	48,099
Postmaster relief and leave replacements	3,626	4,839	13,207
City carrier assistant (CCA)	40,436	37,767	36,081
Mail handler assistant (MHA)	5,280	5,322	5,475
Total noncareer employees	130,881	129,974	129,577
Total employees	639,789	621,837	617,877

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