Statements of Operations

Years Ended September 30,


blank 2006 2005 2004
(Dollars in millions)
Operating revenue $    72,650
 $    69,907
 $    68,996
Operating expenses:
Compensation and benefits 56,281 53,932 52,134
Transportation 6,045 5,437 4,969
Other 9,358 8,914    8,748
Total operating expenses 71,684
 68,283
 65,851

Income from Operations		 966 1,624 3,145
Interest and investment income 167
 86
 33
Interest expense on deferred retirement obligations (231) (263) (103)
Other interest expense (2) (2) (10)
Net Income $    900 $    1,445 $    3,065

See accompanying notes to the financial statements