[snowsislander]

Here are the operating numbers since 2000 for the Postal Service. (Sorry about the random blank columns; for some reason, the cut and paste from the Postal Website is not as successful as one would hope from a simple table):

page 58 of 66

Financial history summary

(Dollars in billions)

		2005	2004	2003	2002	2001	2000
Statements of Operations
Total revenue		$ 70.0	$ 69.0	$ 68.8	$ 66.7	$ 65.9	$ 64.6
Total expense	68.6		65.9	64.9	67.4	67.6	64.8
Net income (loss)	$1.4	$3.1		$3.9	$(0.7)	$(1.7)	$(0.2)
(Dollars in millions)
Operating revenue		$69,798	$68,960	$68,498	$66,415	$65,767	$64,476
Revenue forgone	109		36	31	48	67	64
Total operating revenue	69,907	68,996		68,529	66,463	65,834	64,540
Compensation and benefits	53,932	52,134	50,428		51,557	51,351	49,532
Other expenses	14,351	13,717	13,474	13,677		14,289	13,460
Total operating expenses	68,283	65,851	63,902	65,234	65,640		62,992
Income from operations	1,624	3,145	4,627	1,229	194	1,548
Interest and investment income	86	33	58	46	35	41
Interest expense on deferred retirement liabilities	(263)	(103)	(116)	(1,601)	(1,603)	(1,568)
	Other Interest expense	(2)	(10)	(694)**	(340)	(306)	(220)
	Emergency Preparedness, net	-	-	(7)	(10)	-	-
Net income (loss)		$1,445	$3,065	$3,868	$(676)	$(1,680)	$(199)
blank
Balance Sheets
Assets
Current Assets	$2,138	$2,121	$3,823		$2,280	$1,933	$1,655
Property and equipment, deferred retirement costs and other assets	23,065	22,858	23,419	56,735		57,158	56,628
Total Assets	$25,203	$24,979	$27,242	$59,015	$59,091		$58,283
Liabilities
Current liabilities	$9,411	$11,070	$16,969	$15,586		$17,457	$18,277
Other liabilities	10,416	9,978	9,407	39,131	38,209		38,150
Long-term debt	-	-	-	7,300	5,751	2,502
Equity	5,376	3,931	866	(3,002)	(2,326)	(646)
Total liabilities and net capital (deficiency)	$25,203	$24,979	$27,242	$59,015	$59,091	$58,283
	blank
Changes in Net Capital (Deficiency)
Beginning balances
Capital contributions of the U.S. government	$3,034	$3,034		$3,034	$3,034	$3,034	$3,034
Equity (Deficit) since reorganization	897	(2,168)	(6,036)		(5,360)	(3,680)	(3,481)
Total beginning balance net capital (deficiency)	3,391	866	(3,002)	(2,326)		(646)	(447)
Net income (loss)	1,445	3,065	3,868	(676)	(1,680)		(199)
Ending balance	$5,376	$3,931	$866	$(3,002)	$(2,326)	$(646)

* Certain reclassifications have been made to previously reported amounts.
** Includes $360 million in debt repurchase expense.

[Cobra64]

Get rid of the friggin' junk mail, coupons and all the rest of the crap, and stop raising the cost of stamps 2 flippin cents every other friggin' year.

I truly believe that these jerks were flunkies from the school of Morons R Us.

[sushiman]

I wish they would increase their maximum size limits for international packages . They're losing tons of money to others shippers .

[taxesareforever]

Oh thank you Mr.Government, you have screwed us again.

[Kay Ludlow]

USPS has been working hard to improve service, increase efficiency and end the budget year in the black. Just need to get congress out of the way...

[GretchenM]

I have to hand it to the chief for making the PO profitable again. Seems ridiculous for that entity not to be able to make a profit.

"'We kept our focus on the customer for the past four years,' said Potter. 'It has paid off in record revenues, record volumes, and positive customer satisfaction ratings.'"

I have been treated much better in the last few years by postal employees than during the dark days before, when they were usually pretty snarky, if not completely obstructive. I still, however, am in shock when a postal worker treats me well and courteously at the counter. Maybe it's time to realize this change isn't transient.

[azhenfud]

Wow! give them a 5 1/2% raise!

Oh - they just did that themselves, never mind...

[Brilliant]

It's only in the black, though, if you apply Washington DC's brand of accounting.

[RckyRaCoCo]

I sent a package out to CA. on the 3rd and it hasn't been delivered yet. A month ago I got a USPS envelope with what was left of my billing statement and check for my CC after it got shredded. Hey, at least they said "we're sorry".