Selected Quarterly Financial Data

 

Selected Quarterly Financial Data

2010 (dollars in millions, unaudited)

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Operating revenue

$ 18,355

$ 16,697

$ 16,045a

$ 15,955

Total operating expenses

18,618

18,250

19,510b

19,048

Loss from operations

(263)

(1,553)

(3,465)

(3,093)

Interest income (expense) – net

(34)

(31)

(33)

(33)

Net (Loss)

$ (297)

$ (1,584)

$ (3,498)

$ (3,126)

2009 (dollars in millions, unaudited)

Operating revenue

$ 19,095

$ 16,938

$ 16,339

$ 15,718c

Total operating expenses

19,475

18,840

18,721c

14,794e

(Loss) Income from operations

(380)

(1,902)

(2,382)

924

Interest income (expense) – net

(4)

(3)

(19)

(28)

Net (Loss) Income

$ (384)

$ (1,905)

$ (2,401)

$ 896

2008 (dollars in millions, unaudited)

Operating revenue

$ 20,369

$ 18,916

$ 17,910f

$ 17,737

Total operating expenses

19,683

19,622

19,015

19,418

Income (Loss) from operations

686

(706)

(1,105)

(1,681)

Interest income (expense) – net

(14)

(1)

7

8

Net Income (Loss)

$ 672

$ (707)

$ (1,098)

$ (1,673)

a – includes the impact of the $103 million increase to the stamp portion of the deferred revenue-prepaid postage liability, due to change in estimate.

b – includes the impact of the $1,656 million increase in workers’ compensation expense, due to a change in discount and inflation rates.

c – includes the impact of the $807 million increase in workers’ compensation expense, due to a change in discount and inflation rates.

d – includes the impact of the $655 million increase to the stamp portion of the deferred revenue-prepaid postage liability, due to a change in estimate.

e – includes the impact of the $4 billion reduction in the PSRHBF contribution due to P.L. 111-68.

f – includes the impact of the $450 million increase to the stamp portion of the deferred revenue-prepaid postage liability, due to a change in estimate.