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(Dollars in millions) | Year Ended September 30, | Percentage Change From Preceding Year | ||||
---|---|---|---|---|---|---|
2005 | 2004 | 2003 | 2005 | 2004 | 2003 | |
Operating revenue | $ 69,907 | $ 68,996 | $ 68,529 | 1.3% | 0.7% | 3.1% |
Operating expenses | $ 68,283 | $ 65,851 | $ 63,902 | 3.7% | 3.0% | (2.0%) |
Income from operations | $ 1,624 | $ 3,145 | $ 4,627 | blank | blank | blank |
Operating margin | 2.3% | 4.6% | 6.8% | blank | blank | blank |
Net income (loss) | $ 1,445 | $ 3,065 | $ 3,868 | blank | blank | blank |
Cash outlays for purchase of capital property and equipment |
$ 2,317 | $ 1,685 | $ 1,314 | 37.5% | 28.2% | (22.9%) |
Total debt | - | $ 1,800 | $ 7,273 | (100.0%) | (75.3%) | (34.6%) |
Interest expense* | $ 2 | $ 10 | $ 334 | (80.0%) | (97.0%) | (1.8%) |
Capital contributions of U.S. government | $ 3,034 | $ 3,034 | $ 3,034 | blank | blank | blank |
Retained earnings (deficit) since reorganization | $ 2,342 | $ 897 | $(2,168) | blank | blank | blank |
Total net capital | $ 5,376 | $ 3,931 | $866 | blank | blank | blank |
Number of career employees |
704,716 | 707,485 | 729,035 | (0.4%) | (3.0%) | (3.2%) |
Mail volume (Pieces in millions) | 211,743 | 206,106 | 202,185 | 2.7% | 1.9% | (0.3%) |
New delivery points served** | 2,006,577 | 1,782,900 | 1,908,797 | blank | blank | blank |
* Excluding interest expense on retirement obligations.
** See page 35 in our Management’s Discussion and Analysis for a description of a change we made in 2004 in how we count delivery points.