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The image is the profile of an eagle's head adjoining the words United States Postal Service to form the corporate signature, along with the text About
Link to "Delivering" Link to contents for "The Year In Review"      Link to "Global bargain"

The Year In Review

Financial Highlights

2011 was a difficult year for both the U.S. economy and the Postal Service. As the economy continued to remain weak, mail volumes and revenue continued to decline. The Postal Service met the challenge with focused cost reductions and increased efficiency.

 

Financial Highlights

 

Years ended Sept. 30

Percent change from preceding year

(dollars in millions)

2011

2010

2009

2011

2010

2009

Operating revenue

$ 65,711

$ 67,052

$ 68,090

(2.0%)

(1.5%)

(9.1%)

Operating expenses *

$ 70,634

$ 75,426

$ 71,830

(6.4%)

5.0%

(7.6%)

Loss from operations

$ (4,923)

$ (8,374)

$ (3,740)

NA

NA

NA

Operating margin

(7.5%)

(12.5%)

(5.5%)

NA

NA

NA

Net loss

$ (5,067)

$ (8,505)

$ (3,794)

NA

NA

NA

Purchases of capital property and equipment

$ 1,190

$ 1,393

$ 1,839

(14.6%)

(24.3%)

(7.8%)

Debt

$ 13,000

$ 12,000

$ 10,200

NA

NA

NA

Interest expense

$ 172

$ 156

$ 80

NA

NA

NA

Capital contributions of U.S. government

$ 3,132

$ 3,132

$ 3,087

NA

NA

NA

Deficit since reorganization

$ (22,072)

$ (17,005)

$ (8,500)

NA

NA

NA

Total net deficiency

$ (18,940)

$ (13,873)

$ (5,413)

NA

NA

NA

Number of career employees

557,251

583,908

623,128

(4.6%)

(6.3%)

(6.0%)

Mail volume (pieces in millions)

167,934

170,860

176,744

(1.7%)

(3.3%)

(12.8%)

New delivery points served

636,530

739,580

923,595

NA

NA

NA

*P.L.112-33 had a 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 expense in 2009.




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