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FY2014 Annual Performance Report and FY2015 Performance Plan
FY2014 Comprehensive Statement on Postal Operations
The year in review
Financial Highlights
(dollars in millions)
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Years ended Sept. 30
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Percent change from preceding year
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FY2014
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FY2013
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FY2012
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2014
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2013
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2012
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Total revenue
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$ 67,830
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$ 67,318
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$ 65,223
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0.8%
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3.2%
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(0.7%)
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Total operating expenses*
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$ 73,178
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$ 72,128
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$ 80,964
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1.5%
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(10.9%)
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14.6%
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Interest, net
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$ (160)
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$ (167)
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$ (165)
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Net loss
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$ (5,508)
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$ (4,977)
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$ (15,906)
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Purchases of capital property and equipment
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$ 781
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$ 667
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$ 705
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17.1%
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(5.4%)
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(40.8%)
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Debt
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$ 15,000
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$ 15,000
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$ 15,000
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|
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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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$ 3,132
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Deficit since 1971 reorganization
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$ (48,463)
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$ (42,955)
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$ (37,978)
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Total net deficiency
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$ (45,331)
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$ (39,823)
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$ (34,846)
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Number of career employees
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488,300
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491,017
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528,458
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(0.6%)
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(7.1%)
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(5.2%)
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Mail volume (pieces in millions)
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155,375
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158,222
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159,835
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(1.8%)
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(0.9%)
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(5.0%)
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New delivery points served
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971,543
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773,882
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654,560
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* Due to the passage of P.L. 112-33 which changed the due date of the scheduled Postal Service Retiree Health Benefits Fund (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. PSRHBF prefunding expense was $5.6 billion and $5.7 billion in 2013 and 2014, respectively.
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