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Financial Statements 2001 statements of CASH FLOWS |
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Year
Ended September 30,
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| (dollars in millions) |
2001
|
2000 |
1999
|
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 |
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| Cash flows from operating activities: |
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| Net (loss) income |
$ (1,680) |
$ (199) |
$ 363 |
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| Adjustments to reconcile net (loss) income to net cash provided by operating activities: |
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| Depreciation and amortization |
2,223 |
2,029 |
1,795 |
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| Loss (gain) on disposals of property and equipment, net |
16 |
(5) |
(55) |
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| Decrease in other assets, principally revenue forgone appropriations receivable |
3 |
1 |
3 |
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| Increase in USPS workers' compensation |
244 |
254 |
19 |
|||
| Decrease in Post Office Department workers' compensation |
(21) |
(17) |
(21) |
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| Increase in employees' accumulated leave |
34 |
49 |
82 |
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| Increase (decrease) in other liabilities |
167 |
(20) |
207 |
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| Changes in current assets and liabilities: |
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| (Increase) decrease in receivables, net |
(19) |
(11) |
207 |
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| Decrease (increase) in supplies, advances and prepayments |
63 |
4 |
(39) |
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| Increase (decrease) in compensation and benefits |
310 |
(892) |
503 |
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| Increase (decrease) in estimated prepaid postage |
29 |
(34) |
(45) |
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| (Decrease) increase in payables and accrued expenses |
(283) |
225 |
(371) |
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| (Decrease) increase in prepaid box rentals, permit and metered mail |
(103) |
(80) |
94 |
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| Increase (decrease) in outstanding postal money orders |
272 |
(97) |
121 |
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| Net cash provided by operating activities |
1,255 |
1,207 |
2,863 |
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| Cash flows from investing activities: |
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| Purchase of property and equipment |
(2,961) |
(3,337) |
(3,917) |
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| Proceeds from sale of property and equipment |
29
|
83
|
129
|
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| Net cash used in investing activities |
(2,932) |
(3,254) |
(3,788) |
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| Cash flows from financing activities: |
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| Issuance of debt |
5,651 |
5,550 |
4,129 |
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| Payments on debt |
(3,652) |
(3,151) |
(3,633) |
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| Net cash provided by financing activities |
1,999 |
2,399 |
496 |
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| Net increase (decrease) in cash and cash equivalents |
322 |
352 |
(429) |
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| Cash and cash equivalents at beginning of year |
683 |
331 |
760 |
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| Cash and cash equivalents at end of year |
$ 1,005 |
$ 683 |
$ 331 |
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| See accompanying notes to financial statements. | ||||||
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continue... |
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