 |
2000 Annual Report
- page 3 of 70
| |
|
Years Ended September 30
|
Percentage Change From Preceding Year
|
|
| |
(dollars
in millions) |
2000
|
1999
|
1998
|
2000
|
1999
|
1998
|
|
| |
Operating
revenue |
$ 64,540
|
$ 62,726
|
$ 60,072
|
2.9%
|
4.4%
|
3.2%
|
|
| |
Operating
expenses |
62,992
|
60,642
|
57,786
|
3.9%
|
4.9%
|
4.9%
|
|
| |
Operating
income |
1,548
|
2,084
|
2,286
|
|
|
|
|
| |
Operating
margin |
2.4%
|
3.3%
|
3.8%
|
|
|
|
|
| |
Net
(loss) income |
$ (199)
|
$ 363
|
$ 550
|
|
|
|
|
| |
Capital
cash outlays (1) |
$ 3,169
|
$ 3,624
|
$ 2,950
|
-12.6%
|
22.8%
|
-4.1%
|
|
| |
Total
debt |
9,316
|
6,917
|
6,421
|
34.7%
|
7.7%
|
9.3%
|
|
| |
Interest
expense on borrowings |
220
|
158
|
167
|
39.2%
|
-5.4%
|
-45.6%
|
|
| |
Capital
contributions of U.S. government |
$ 3,034
|
$ 3,034
|
$ 3,034
|
|
|
|
|
| |
Accumulated
losses at end of year (2) |
(3,680)
|
(3,481)
|
(3,844)
|
|
|
|
|
| |
Total
net capital deficiency (3) |
(646)
|
(447)
|
(810)
|
|
|
|
|
| |
Number
of career employees |
787,538
|
797,795
|
792,041
|
-1.3%
|
0.7%
|
3.5%
|
|
| |
Mail
volume (millions of pieces) |
207,882
|
201,576
|
196,905
|
3.1%
|
2.4%
|
3.2%
|
|
| |
|
|
|
|
|
|
|
|
| |
(1) Does not include capital leases and impact of reclassifications
and adjustments included in audited financial statements.
(2) Losses Accumulated since Postal Service was created in 1971
with mandate to set rates such that revenue covers costs.
(3) Net Capital Deficiency equals Capital Contributions less
Accumulated losses at beginning of year plus Net Income.
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