 |
Year
Ended September 30,
|
| (DOLLARS
IN MILLIONS) |
2002
|
|
2001
|
2000
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
| Net loss |
$ (676)
|
|
$ (1,680)
|
$ (199)
|
| Adjustments to reconcile net loss to net cash provided
by operating activities: |
|
|
|
|
|
Depreciation and amortization |
2,296
|
|
2,223
|
2,029
|
|
(Gain)
loss on disposals of property and equipment, net |
(6)
|
|
16
|
(5)
|
|
Decrease in other assets, principally revenue forgone appropriations
receivable |
4
|
|
3
|
1
|
|
Increase
in USPS workers' compensation |
721
|
|
244
|
254
|
|
Increase (decrease) in Post Office Department workers' compensation
|
13
|
|
(21)
|
(17)
|
|
(Decrease)
increase in employees' accumulated leave |
(36)
|
|
34
|
49
|
|
Increase (decrease) in other liabilities |
196
|
|
167
|
(20)
|
|
Changes
in current assets and liabilities: |
|
|
|
|
|
|
Increase in receivables, net |
(189)
|
|
(19)
|
(11)
|
|
|
(Increase) decrease in supplies, advances and prepayments |
(7)
|
|
63
|
4
|
|
|
(Decrease) increase in compensation and benefits |
(877)
|
|
310
|
(892)
|
|
|
(Decrease) increase in estimated prepaid postage |
(123)
|
|
29
|
(34)
|
|
|
(Decrease) increase in payables and accrued expenses |
(28)
|
|
(283)
|
225
|
|
|
Increase (decrease) in prepaid box rentals, permit and metered mail
|
145
|
|
(103)
|
(80)
|
|
|
(Decrease) increase in outstanding postal money orders |
(2)
|
|
272
|
(97)
|
|
|
|
|
|
|
|
| Net
cash provided by operating activities |
1,431
|
|
1,255
|
1,207
|
|
|
|
|
|
|
|
| Cash flows from investing activities: |
|
|
|
|
|
Purchase of property and equipment |
(1,705)
|
* |
(2,961)
|
(3,337)
|
|
Proceeds from sale of property and equipment |
42
|
|
29
|
83
|
|
|
|
|
|
|
|
| Net cash used in investing activities |
(1,663)
|
|
(2,932)
|
(3,254)
|
|
|
|
|
|
|
|
| Cash flows from financing activities: |
|
|
|
|
|
U.S.
government emergency preparedness appropriations |
762
|
|
—
|
—
|
|
Less
Portion used to offset expenses |
(179)
|
|
—
|
—
|
|
|
|
|
|
|
|
|
|
Appropriation
balance |
583
|
|
—
|
—
|
|
Issuance of debt |
2,700
|
|
5,651
|
5,550
|
|
Payments on debt |
(2,900)
|
|
(3,652)
|
(3,151)
|
|
|
|
|
|
|
|
| Net cash provided by financing activities |
383
|
|
1,999
|
2,399
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase in cash and cash equivalents |
151
|
|
322
|
352
|
| Cash and cash equivalents at beginning of year |
1,005
|
|
683
|
331
|
|
|
|
|
|
|
|
| Cash
and cash equivalents at end of year |
$ 1,156
|
** |
$ 1,005
|
$ 683
|
|
|
|
|
|
|
|
