 |
|
2002
|
2001*
|
2000*
|
1999*
|
1998*
|
|
|
|
|
|
|
 |
| STATEMENTSOF
OPERATIONS |
|
|
|
|
|
|
(DOLLARS
IN BILLIONS) |
|
|
|
|
|
|
Total
revenue |
$
66.5
|
$
65.9
|
$
64.6
|
$
62.7
|
$
60.1
|
|
Total
expense |
67.2
|
67.6
|
64.8
|
62.4
|
59.5
|
|
|
|
|
|
|
|
|
Net
(loss) income
|
$
(0.7)
|
$
(1.7)
|
$
(0.2)
|
$
0.4
|
$
0.6
|
|
(DOLLARS
IN MILLIONS) |
|
|
|
|
|
|
Operating
revenue |
$
66,415
|
$
65,767
|
$ 64,476
|
$ 62,655
|
$ 60,005
|
|
Revenue
forgone appropriation |
48
|
67
|
64
|
71
|
67
|
|
|
|
|
|
|
|
|
Total
operating revenue |
66,463
|
65,834
|
64,540
|
62,726
|
60,072
|
|
|
|
|
|
|
|
|
Compensation
and benefits |
51,557
|
51,351
|
49,532
|
47,333
|
45,596
|
|
Restructuring
costs |
—
|
—
|
—
|
—
|
—
|
|
Other
expenses |
13,677
|
14,289
|
13,460
|
13,309
|
12,190
|
|
|
|
|
|
|
|
|
Total
operating expenses |
65,234
|
65,640
|
62,992
|
60,642
|
57,786
|
|
|
|
|
|
|
|
|
Income
from operations |
1,229
|
194
|
1,548
|
2,084
|
2,286
|
|
Interest
and investment income |
46
|
35
|
41
|
29
|
44
|
|
Interest
expense on deferred retirement liabilities |
(1,601)
|
(1,603)
|
(1,568)
|
(1,592)
|
(1,613)
|
|
Interest
expense on borrowings |
(340)
|
(306)
|
(220)
|
(158)
|
(167)
|
|
Emergency
preparedness, net |
(10)
|
—
|
—
|
—
|
—
|
|
|
|
|
|
|
|
|
Income
(loss) before retroactive assessments and extraordinary items |
(676)
|
(1,680)
|
(199)
|
363
|
550
|
|
Retroactive
assessments for employee benefits ** |
—
|
—
|
—
|
—
|
—
|
|
|
|
|
|
|
|
|
Income
(loss) before extraordinary item |
(676)
|
(1,608)
|
(199)
|
363
|
550
|
|
Extraordinary
item - debt refinancing premium |
—
|
—
|
—
|
—
|
—
|
|
|
|
|
|
|
|
|
NET
(LOSS) INCOME |
$
(676)
|
$
(1,680)
|
$
(199)
|
$
363
|
$
550
|
|
|
|
|
|
|
|
| BALANCESHEETS |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
Current
assets |
$
2,280
|
$
1,933
|
$
1,655
|
$
1,296
|
$ 1,893
|
|
Property
and equipment, deferred retirement costs and other assets |
56,735
|
57,158
|
56,628
|
54,713
|
53,015
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
$
59,015
|
$
59,091
|
$ 58,283
|
$ 56,009
|
$ 54,908
|
|
|
|
|
|
|
|
|
LIABILITIESAND
NET CAPITAL DEFICIENCY |
|
|
|
|
|
|
Current
liabilities |
$15,586
|
$17,457
|
$ 18,277
|
$ 15,436
|
$ 15,278
|
|
Other
liabilities |
39,131
|
38,209
|
38,150
|
37,466
|
37,652
|
|
Long-term
debt |
7,300
|
5,751
|
2,502
|
3,554
|
2,788
|
|
Net
capital deficiency |
(3,002)
|
(2,326)
|
(646)
|
(447)
|
(810)
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES AND NET CAPITAL DEFICIENCY |
$
59,015
|
$
59,091
|
$ 58,283
|
$ 56,009
|
$ 54,908
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CHANGES
INNET CAPITAL DEFICIENCY |
|
|
|
|
|
|
BEGINNING
BALANCES |
|
|
|
|
|
|
Capital
contributions of the U.S. government |
$
3,034
|
$
3,034
|
$ 3,034
|
$ 3,034
|
$ 3,034
|
|
Deficit
since reorganization |
(5,360)
|
(3,680)
|
(3,481)
|
(3,844)
|
(4,394)
|
|
|
|
|
|
|
|
|
Total
beginning balance net capital deficiency |
(2,326)
|
(646)
|
(447)
|
(810)
|
(1,360)
|
|
Net
(loss) income |
(676)
|
(1,680)
|
(199)
|
363
|
550
|
|
|
|
|
|
|
|
|
ENDING
BALANCE *** |
$
(3,002)
|
$
(2,326)
|
$ (646)
|
$ (447)
|
$ (810)
|
|
|
|
|
|
|
|
* Certain reclassifications have been
made to previously reported amounts.
** Relates to OBRA 1990 and 1993.
*** Some totals may not add exactly due to rounding.
|
