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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
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Years ended Sept. 30
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Percent change from preceding year
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(dollars in millions)
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2011
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2010
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2009
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2011
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2010
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2009
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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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(2.0%)
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(1.5%)
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(9.1%)
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Operating expenses *
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$ 70,634
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$ 75,426
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$ 71,830
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(6.4%)
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5.0%
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(7.6%)
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Loss from operations
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$ (4,923)
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$ (8,374)
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$ (3,740)
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NA
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NA
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NA
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Operating margin
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(7.5%)
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(12.5%)
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(5.5%)
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NA
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NA
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NA
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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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NA
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NA
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NA
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Purchases of capital property and equipment
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$ 1,190
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$ 1,393
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$ 1,839
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(14.6%)
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(24.3%)
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(7.8%)
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Debt
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$ 13,000
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$ 12,000
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$ 10,200
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NA
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NA
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NA
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Interest expense
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$ 172
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$ 156
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$ 80
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NA
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NA
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NA
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Capital contributions of 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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NA
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NA
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NA
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Deficit since reorganization
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$ (22,072)
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$ (17,005)
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$ (8,500)
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NA
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NA
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NA
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Total net deficiency
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$ (18,940)
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$ (13,873)
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$ (5,413)
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NA
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NA
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NA
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Number of career employees
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557,251
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583,908
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623,128
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(4.6%)
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(6.3%)
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(6.0%)
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Mail volume (pieces in millions)
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167,934
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170,860
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176,744
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(1.7%)
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(3.3%)
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(12.8%)
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New delivery points served
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636,530
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739,580
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923,595
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NA
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NA
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NA
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*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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