|
|
Financial Performance Results
(in millions)
Controllable income (loss) (unaudited)
|
FY2015
|
FY2014
|
FY2013
|
Net loss
|
$ (5,060)
|
$ (5,508)
|
$ (4,977)
|
Impact of:
|
PSRHBF prefunding expense
|
5,700
|
5,700
|
5,600
|
Discount rate changes related to workers\u0027 compensation liability
|
809
|
485
|
(1,745)
|
Other non-cash workers’ compensation expense1, 3
|
(502)
|
673
|
1,455
|
Actuarial revaluation of retirement liability
|
241
|
7
|
—
|
Change in accounting estimate2
|
—
|
—
|
(1,316)
|
Controllable income (loss)
|
$ 1,188
|
$ 1,357
|
$ (983)
|
1. In FY2015, we revised the calculation used in our workers’ compensation valuation model to determine the actuarial revaluation of existing cases.
2. The FY2013 change in accounting estimate resulting from new data analytics which revised the estimated liability associated with deferred revenue-prepaid postage for Forever stamps.
3. Includes changes in assumptions and valuation of new claims and revaluation of existing claims less current year claim payments.
|
Financial History Summary
(in millions)
|
FY2015
|
FY2014
|
FY2013
|
Operating results
|
Total revenue
|
$ 68,928
|
$ 67,830
|
$ 67,318
|
Operating expenses
|
Compensation and benefits
|
47,519
|
46,000
|
46,708
|
Retiree health benefits
|
8,811
|
8,685
|
8,450
|
Workers’ compensation
|
1,760
|
2,554
|
1,061
|
All other operating expenses
|
15,736
|
15,939
|
15,909
|
Loss from operations
|
(4,898)
|
(5,348)
|
(4,810)
|
Interest, net
|
(162)
|
(160)
|
(167)
|
Net loss
|
$ (5,060)
|
$ (5,508)
|
$ (4,977)
|
Financial position
|
Cash and cash equivalents
|
$ 6,634
|
$ 4,906
|
$ 2,326
|
Property and equipment, net
|
15,686
|
16,338
|
17,512
|
All other assets
|
1,694
|
1,718
|
1,803
|
Total assets
|
$ 24,014
|
$ 22,962
|
$ 21,641
|
Accrued retiree health benefits
|
$ 28,100
|
$ 22,417
|
$ 16,766
|
Workers\u0027 compensation liability
|
18,811
|
18,422
|
17,240
|
Debt
|
15,000
|
15,000
|
15,000
|
All other liabilities
|
12,494
|
12,454
|
12,458
|
Total liabilities
|
74,405
|
68,293
|
61,464
|
Total net deficiency
|
$ (50,391)
|
$ (45,331)
|
$ (39,823)
|
Revenue, Pieces and Weight Statistics
(in millions of units indicated, unaudited)
|
FY2015
|
FY2014
|
FY2013
|
First-Class Mail1
|
Revenue
|
$ 28,312
|
$ 28,409
|
$ 28,110
|
Number of pieces
|
62,419
|
63,839
|
65,754
|
Weight, pounds
|
3,158
|
3,164
|
3,194
|
Standard Mail2
|
Revenue
|
$ 17,646
|
$ 17,426
|
$ 16,915
|
Number of pieces
|
80,030
|
80,308
|
80,806
|
Weight, pounds
|
7,975
|
8,100
|
8,298
|
Shipping and Packages services3
|
Revenue
|
$ 15,085
|
$ 13,543
|
$ 12,597
|
Number of pieces
|
4,530
|
3,969
|
3,715
|
Weight, pounds
|
7,771
|
6,485
|
5,956
|
International Mail
|
Revenue
|
$ 2,762
|
$ 2,923
|
$ 3,016
|
Number of pieces
|
940
|
893
|
902
|
Weight, pounds
|
459
|
443
|
455
|
Periodicals
|
Revenue
|
$ 1,589
|
$ 1,625
|
$ 1,658
|
Number of pieces
|
5,838
|
6,045
|
6,359
|
Weight, pounds
|
2,168
|
2,275
|
2,422
|
U.S. Postal Service4
|
Number of pieces
|
355
|
439
|
631
|
Weight, pounds
|
113
|
110
|
150
|
Free matter for the blind4
|
Number of pieces
|
45
|
46
|
55
|
Weight, pounds
|
18
|
21
|
23
|
Other services revenue3
|
$ 3,396
|
$ 3,838
|
$ 3,583
|
Deferred Revenue – Prepaid Postage5
|
—
|
—
|
$ 1,316
|
Postal Service totals
|
Operating revenue
|
$ 68,790
|
$ 67,764
|
$ 67,195
|
Number of pieces
|
154,157
|
155,539
|
158,222
|
Weight, pounds
|
21,662
|
20,598
|
20,498
|
Note: The totals for certain mail categories for prior years have been reclassified to conform with classifications used in the current year. Non-operating revenue is no longer included in this schedule.
|
Shipping and Packages Services and Other Services Statistics
(in millions of units indicated, unaudited)
|
FY2015
|
FY2014
|
FY2013
|
Priority Mail Express
|
Revenue
|
$ 779
|
$ 760
|
$ 794
|
Number of pieces
|
36
|
36
|
39
|
Weight, pounds
|
38
|
37
|
38
|
First-Class Packages1
|
Revenue
|
$ 2,233
|
$ 2,002
|
$ 1,771
|
Number of pieces
|
908
|
847
|
792
|
Weight, pounds
|
311
|
283
|
263
|
Priority Mail2
|
Revenue
|
$ 7,751
|
$ 7,233
|
$ 7,020
|
Number of pieces
|
1,025
|
934
|
924
|
Weight, pounds
|
2,415
|
2,160
|
2,146
|
Parcel Select Mail
|
Revenue
|
$ 3,364
|
$ 2,597
|
$ 2,079
|
Number of pieces
|
1,937
|
1,549
|
1,367
|
Weight, pounds
|
3,601
|
2,623
|
2,120
|
Parcel Return Service Mail
|
Revenue
|
$ 152
|
$ 139
|
$ 123
|
Number of pieces
|
60
|
56
|
51
|
Weight, pounds
|
171
|
171
|
153
|
Package Services
|
Revenue
|
$ 806
|
$ 812
|
$ 810
|
Number of pieces
|
564
|
547
|
542
|
Weight, pounds
|
1,235
|
1,210
|
1,236
|
Total shipping and packages services
|
Revenue
|
$ 15,085
|
$ 13,543
|
$ 12,597
|
Number of pieces
|
4,530
|
3,969
|
3,715
|
Weight, pounds
|
7,771
|
6,484
|
5,956
|
Other services
|
Certified Mail
|
Revenue
|
$ 659
|
$ 672
|
$ 715
|
Number of articles
|
197
|
208
|
234
|
Return Receipts
|
Revenue
|
$ 369
|
$ 362
|
$ 356
|
Number of articles
|
156
|
154
|
157
|
USPS Tracking
|
Revenue
|
$ 41
|
$ 84
|
$ 68
|
Number of articles
|
3,550
|
2,931
|
2,352
|
PO Box Services revenue
|
$ 923
|
$ 901
|
$ 889
|
Money Orders
|
Revenue
|
$ 159
|
$ 164
|
$ 155
|
Number of articles
|
93
|
97
|
103
|
Insurance
|
Revenue
|
$ 89
|
$ 92
|
$ 108
|
Number of articles
|
23
|
20
|
28
|
Shipping and mailing supplies
|
Revenue
|
$ 112
|
$ 119
|
$ 123
|
Number of articles
|
56
|
60
|
63
|
Other services revenue
|
$ 1,044
|
$ 1,444
|
$ 1,169
|
Total other services revenue
|
$ 3,396
|
$ 3,838
|
$ 3,583
|
Note: The totals for certain mail categories for the prior year have been reclassified to conform with classifications used in the current year. These reclassifications did not impact total Shipping and Packages revenue for prior years.
|
Post Office and Delivery Points
(in actual units indicated, unaudited)
|
FY2015
|
FY2014
|
FY2013
|
Post Offices, stations and branches
|
Postal-managed
|
Post Offices
|
26,615
|
26,669
|
26,670
|
Classified stations, branches and carrier annexes
|
4,991
|
4,993
|
5,032
|
Total Postal-managed
|
31,606
|
31,662
|
31,702
|
Contract Postal Units
|
2,504
|
2,660
|
2,718
|
Village Post Offices
|
874
|
767
|
385
|
Community Post Offices
|
536
|
560
|
629
|
Total offices, stations and branches
|
35,520
|
35,649
|
35,434
|
Residential delivery points
|
City delivery
|
82,020,625
|
81,650,586
|
81,297,883
|
Rural
|
41,378,300
|
40,750,668
|
40,111,620
|
PO Box
|
15,894,358
|
15,858,668
|
15,882,717
|
Highway contract
|
2,827,085
|
2,774,213
|
2,736,005
|
Total residential delivery
|
142,120,368
|
141,034,135
|
140,028,225
|
Business delivery points
|
City delivery
|
7,633,285
|
7,592,773
|
7,554,231
|
Rural
|
1,584,916
|
1,554,422
|
1,524,741
|
PO Box
|
3,535,563
|
3,634,467
|
3,738,314
|
Highway contract
|
77,696
|
76,179
|
74,922
|
Total business delivery
|
12,831,460
|
12,857,841
|
12,892,208
|
Total delivery points
|
154,951,828
|
153,891,976
|
152,920,433
|
Change in delivery points
|
1,059,852
|
971,543
|
773,882
|
USPS Employees
(actual numbers, unaudited)
|
FY2015
|
FY2014
|
FY2013
|
Headquarters and HQ related employees
|
Headquarters
|
2,916
|
2,934
|
2,967
|
Headquarters — field support units
|
3,710
|
3,618
|
3,870
|
Inspection service — field
|
2,379
|
2,376
|
2,411
|
Inspector general
|
1,142
|
1,132
|
1,135
|
Total HQ and HQ related employees
|
10,147
|
10,060
|
10,383
|
Field employees
|
Area offices
|
851
|
818
|
807
|
Postmasters⁄installation heads
|
14,506
|
16,538
|
17,804
|
Supervisors⁄managers
|
23,754
|
23,035
|
22,940
|
Professional administration and technical personnel
|
4,468
|
4,353
|
4,375
|
Clerks⁄nurses
|
125,609
|
118,925
|
118,751
|
Mail handlers
|
38,046
|
38,910
|
40,102
|
City delivery carriers
|
164,378
|
164,626
|
167,388
|
Motor vehicle operators
|
6,658
|
6,603
|
6,598
|
Rural delivery carriers — full-time
|
67,044
|
66,373
|
66,099
|
Building and equipment maintenance personnel
|
31,136
|
32,807
|
30,737
|
Vehicle maintenance employees
|
5,266
|
5,252
|
5,033
|
Total field employees
|
481,716
|
478,240
|
480,634
|
Total career employees
|
491,863
|
488,300
|
491,017
|
Noncareer employees
|
Casuals
|
1,727
|
1,658
|
1,779
|
Postal support employees
|
29,312
|
24,781
|
28,793
|
Nonbargaining temporary
|
367
|
276
|
249
|
Rural part-time: subs⁄RCA⁄RCR⁄AUX
|
50,640
|
48,099
|
46,607
|
Postmaster relief and leave replacements
|
4,839
|
13,207
|
13,454
|
City carrier assistant (CCA)
|
37,767
|
36,081
|
30,433
|
Mail handler assistant (MHA)
|
5,322
|
5,475
|
5,382
|
Total noncareer employees
|
129,974
|
129,577
|
126,697
|
Total employees
|
621,837
|
617,877
|
617,714
|
First and foremost, our focus is on serving our customers.
We’re part of the daily lives of every American — every village, city and metropolis, whether residential, business, nonprofit or government customer. We help people better connect, communicate and conduct commerce in the digital economy. It’s simply what we do.
|
|
