|
|
(dollars in millions)
|
2013
|
2012
|
2011
|
2010
|
2009
|
Operating results
|
Operating revenue
|
$ 67,318
|
$ 65,223
|
$ 65,711
|
$ 67,052
|
$ 68,090
|
Operating expenses
|
|
|
|
|
|
Compensation and benefits
|
46,708
|
47,689
|
48,310
|
48,909
|
50,883
|
Retiree health benefits*
|
8,450
|
13,729
|
2,441
|
7,747
|
3,390
|
All other operating expenses
|
16,970
|
19,546
|
19,883
|
18,770
|
17,557
|
Total operating expenses*
|
$ 72,128
|
$ 80,964
|
$ 70,634
|
$ 75,426
|
$ 71,830
|
|
|
|
|
|
|
Operating loss
|
$ (4,810)
|
$ (15,741)
|
$ (4,923)
|
$ (8,374)
|
$ (3,740)
|
Net loss
|
(4,977)
|
(15,906)
|
(5,067)
|
(8,505)
|
(3,794)
|
|
|
|
|
|
|
P.L. 109-435 PSRHBF expenses*
|
$ 5,600
|
$ 11,100
|
$ —
|
$ 5,500
|
$ 1,400
|
Workers’ compensation expenses
|
1,061
|
3,729
|
3,672
|
3,566
|
2,223
|
|
|
|
|
|
|
Financial position
|
Cash and cash equivalents
|
$ 2,326
|
$ 2,086
|
$ 1,283
|
$ 1,161
|
$ 4,089
|
Property and equipment, net
|
17,512
|
18,863
|
20,337
|
21,595
|
22,680
|
All other assets
|
1,803
|
1,662
|
1,793
|
1,570
|
1,349
|
Total assets
|
21,641
|
22,611
|
23,413
|
24,326
|
28,118
|
|
|
|
|
|
|
Accrued contributions to PSRHBF
|
$ 16,700
|
$ 11,100
|
$ —
|
$ —
|
$ —
|
Workers' compensation liability
|
17,240
|
17,567
|
15,142
|
12,589
|
10,133
|
Debt
|
15,000
|
15,000
|
13,000
|
12,000
|
10,200
|
All other liabilities
|
12,524
|
13,790
|
14,211
|
13,610
|
13,198
|
Total liabilities
|
61,464
|
$ 57,457
|
$ 42,353
|
$ 38,199
|
$ 33,531
|
|
|
|
|
|
|
Net capital
|
Capital contributions of the U.S. government
|
$ 3,132
|
$ 3,132
|
$ 3,132
|
$ 3,132
|
$ 3,087
|
Deficit since 1971 reorganization
|
(42,955)
|
(37,978)
|
(22,072)
|
(17,005)
|
(8,500)
|
Total net (deficiency) capital
|
$ (39,823)
|
$ (34,846)
|
$ (18,940)
|
$ (13,873)
|
$ (5,413)
|
*Due to the passage of P.L. 112-33 which changed the due date of the scheduled PSRHBF prefunding payment of $5.5 billion originally due by September 30, 2011 into 2012, PSRHBF expenses were zero in 2011. As a result, total PSRHBF expenses in 2012, including the previously scheduled prefunding payment of $5.6 billion due by September 30, 2012, were $11.1 billion. In 2009, P.L.111-68 changed the PSRHBF payment from $5.4 billion to $1.4 billion.
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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