Statements of Cash Flows
Years ended September 30,
| blank | 2007 | 2006 | 2005 |
| (Dollars in millions) | |||
| Cash Flows from Operating Activities: | |||
| Net (Loss) Income | $ (5,142) | $ 900 | $ 1,445 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,152 | 2,149 | 2,089 |
| Loss (gain) on disposals of property and equipment, net | 23 | (40) | 5 |
| Decrease (increase) in appropriations receivable revenue forgone | 2 | (18) | (15) |
| (Decrease) increase in workers’ compensation liability | (69) | 342 | (58) |
| Increase in employees' accumulated leave | 13 | 100 | 10 |
| (Increase) decrease in noncurrent deferred appropriations revenue | (7) | (21) | (56) |
| Increase (decrease) in other noncurrent liabilities | 275 | (66) | (12) |
| Changes in current assets and liabilities: | |||
| Receivables, net | 80 | 169 | 16 |
| Supplies, advances and prepayments | 4 | (5) | 20 |
| Compensation and benefits | 347 | 204 | 314 |
| Deferred revenue-prepaid postage | (45) | (13) | (56) |
| Payables and accrued expenses | (73) | 63 | (203) |
| Customer deposit accounts | (148) | (73) | 114 |
| Outstanding postal money orders | (38) | 55 | 63 |
| Prepaid box rent and other deferred revenue | 23 | (20) | 54 |
Net cash (used in) provided by operating activities |
(2,603) | 3,768 | 3,730 |
| Cash flows from investing activities: | |||
| Decrease (increase) in restricted cash | 2,958 | (2,958) | — |
| Purchase of property and equipment | (2,715) | (2,630) | (2,317) |
| Proceeds from building sale | 218 | - | - |
| Proceeds from sale of property and equipment | 39 | 114 | 31 |
Net cash provided by (used in) investing activities |
500 | (5,474) | (2,286) |
| Cash flows from financing activities: | |||
| Issuance of debt | 4,200 | 2,100 | — |
| Payments on debt | (2,100) | — | (1,800) |
| Payments for Issuance of capital lease obligations, net | (19) | (37) | 16 |
| U.S. government appropriations - received | — | — | 503 |
| U.S. government appropriations - expensed | (76) | (85) | (45) |
Net cash provided by (used in) financing activities |
2,005 | 1,978 | (1,326) |
| Net (decrease) increase in cash and cash equivalents | (98) | 272 | 118 |
| Cash and cash equivalents at beginning of year | 997 | 725 | 607 |
Cash and cash equivalents at end of year |
$ 899 | $ 997 | $ 725 |
See accompanying notes to the financial statements