Home >Financials >United States Postal Service Annual Report 2010: Foundation For The Future >
Financial History Summary
Financial History Summary (dollars in millions)
|
2010
|
2009
|
2008
|
2007
|
2006
|
Statements of Operations
|
Total revenue
|
$ 67,077)
|
$ 68,116
|
$ 74,968)
|
$ 74,973
|
$ 72,817
|
Total expense**
|
75,582)
|
71,910
|
77,774)
|
80,115
|
71,917
|
Net (Loss) Income
|
$ (8,505))
|
$ (3,794)
|
$ (2,806))
|
$ (5,142)
|
$ 900
|
Operating Revenue
|
$ 66,963)
|
$ 68,043
|
$ 74,829)
|
$ 74,715
|
$ 75,551
|
Revenue foregone
|
89)
|
47
|
103)
|
63
|
99
|
Total operating Revenue
|
67,052)
|
68,090
|
74,932)
|
74,778
|
72,650
|
Compensation and benefits**
|
49,035)
|
50,931
|
52,358)
|
53,306
|
53,386
|
Retiree health benefits**
|
7,747)
|
3,390
|
7,407)
|
10,084
|
1,637
|
Workers’ compensation
|
3,566)
|
2,223
|
1,227)
|
880
|
1,279
|
Other expenses
|
15,078)
|
15,286
|
16,746)
|
15,835
|
15,379
|
Total operating expenses**
|
75,426)
|
71,830
|
77,738)
|
80,105
|
71,681
|
(Loss) Income from operations
|
(8,374))
|
(3,740)
|
(2,806))
|
(5,327)
|
969
|
Interest and investment income
|
25)
|
26
|
36)
|
195
|
167
|
Interest expense deferred retirement
|
—)
|
—
|
—)
|
—
|
(231)
|
Other interest expense
|
(156))
|
(80)
|
(36))
|
(10)
|
(5)
|
Net (Loss) Income
|
$ (8,505))
|
$ (3,794)
|
$ (2,806))
|
$ (5,142)
|
$ 900
|
Balance Sheets
|
Current assets*
|
$ 2,354)
|
$ 5,051
|
$ 2,354)
|
$ 1,859
|
$ 2,041
|
Property, equipment, and other assets
|
21,972
|
23,067
|
23,632
|
23,988
|
26,447
|
Total Assets
|
$ 24,326
|
$ 28,118
|
$ 25,986
|
$ 25,847
|
$ 28,488
|
Current liabilities*
|
$ 18,676
|
$ 14,250
|
$ 16,871
|
$ 13,923
|
$ 11,719
|
Other liabilities*
|
19,523
|
19,281
|
10,787
|
10,790
|
10,493
|
(Deficit) equity
|
(13,873)
|
(5,413)
|
(1,672)
|
1,134
|
6,276
|
Total Liabilities and Net Capital
|
$ 24,326
|
$ 28,118
|
$ 25,986
|
$ 25,847
|
$ 28,488
|
Changes in Net Capital
|
Capital contributions of U.S. Government
|
$ 3,087
|
$ 3,034
|
$ 3,034
|
$ 3,034
|
$ 3,034
|
(Deficit) equity since 1971 reorganization
|
(8,500)
|
(4,706)
|
(1,900)
|
3,242
|
2,342
|
Total beginning balance
|
(5,413)
|
(1,672)
|
1,134
|
6,276
|
5,376
|
Additional capital contributions
|
45
|
53
|
—
|
—
|
—
|
Net (Loss) Income
|
(8,505)
|
(3,794)
|
(2,806)
|
(5,142)
|
900
|
Ending Balance
|
$ (13,873)
|
$ (5,413)
|
$ (1,672)
|
$ 1,134
|
$ 6,276
|
*Certain reclassifications have been made to previously reported amounts.
**The net impact of P.L. 111-68 was $4.0 billion reduction of expense in 2009. The net impact of P.L. 109-435 legislation was $6.8 billion of additional expense in 2007 ($8.4 billion in additional Retiree health benefits less $6.1 billion in CSRS savings).
|
|
