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2000 Annual
Report - page 65 of 70
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2000
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1999*
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1998*
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1997*
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1996*
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1995*
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1994*
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1993*
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1992*
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1991*
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1990*
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Statement
of Operations |
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(dollars
in billions) |
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Total
revenue |
$ 64.6
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$ 62.7
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$ 60.1
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$ 58.3
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$ 56.6
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$ 54.5
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$ 49.6
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$ 48.0
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$ 47.1
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$ 44.2
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$ 40.1
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Total
expense |
64.8
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62.4
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59.5
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57.0
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55.0
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52.7
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50.5
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49.8
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47.6
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45.7
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41.0
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Net
(loss) income
(dollars
in millions) |
$ (0.2)
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$ 0.4
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$ 0.6
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$ 1.3
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$ 1.6
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$ 1.8
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$ (0.9)
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$ (1.8)
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$ (0.5)
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$ (1.5)
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$ (0.9)
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Operating
revenue |
$ 64,476
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$ 62,655
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$ 60,005
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$ 58,133
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$ 56,309
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$ 54,176
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$ 49,252
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$ 47,418
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$ 46,151
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$ 43,323
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$ 39,202
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Revenue
forgone appropriation |
64
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71
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67
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83
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93
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117
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131
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164
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545
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562
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453
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Total
operating revenue |
64,540
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62,726
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60,072
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58,216
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56,402
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54,293
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49,383
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47,582
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46,696
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43,885
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39,655
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Compensation
and benefits |
49,532
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47,333
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45,596
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43,835
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42,676
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41,931
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39,609
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38,448
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37,122
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34,904
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33,158
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Restructuring
costs |
—
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—
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—
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—
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—
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—
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—
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129
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1,010
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—
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—
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Other
expenses |
13,460
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13,309
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12,190
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11,038
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10,437
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8,799
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8,846
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7,745
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7,521
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7,215
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6,276
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Total
operating expenses |
62,992
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60,642
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57,786
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54,873
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53,113
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50,730
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48,455
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46,322
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45,653
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42,119
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39,434
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Income
from operations |
1,548
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2,084
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2,286
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3,343
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3,289
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3,563
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928
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1,260
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1,043
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1,766
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221
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Interest
and investment income |
41
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29
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44
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115
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142
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216
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193
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404
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409
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318
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419
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Interest
expense on deferred
retirement liabilities |
(1,568)
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(1,592)
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(1,613)
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(1,629)
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(1,496)
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(1,443)
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(1,433)
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(1,416)
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(1,350)
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(1,263)
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(1,056)
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Interest
expense on borrowings |
(220)
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(158)
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(167)
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(307)
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(368)
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(566)
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(601)
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(620)
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(638)
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(480)
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(458)
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Income
(loss) before retroactive
assessments and extraordinary
items |
(199)
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363
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550
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1,264
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1,567
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1,770
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(913)
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(372)
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(536)
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341
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(874)
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Retroactive
assessments for
employee benefits ** |
—)
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—
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—
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—
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—
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—
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—
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(857)
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—
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(1,810)
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—
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Income
(loss) before
extraordinary item |
(199)
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363
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550
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1,264
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1,567
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1,770
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(913)
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(1,229)
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(536)
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(1,469)
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(874)
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Extraordinary
item - debt
refinancing premium |
—
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—
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—
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—
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—
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—
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—
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(536)
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—
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—
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—
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Net
(loss) income |
$ (199)
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$ 363
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$ 550
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$ 1,264
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$ 1,567
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$ 1,770
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$ (913)
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$ (1,765)
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$ (536)
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$ (1,469)
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$ (874)
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Balance
Sheets |
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Assets |
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Current
assets |
$ 1,655
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$ 1,296
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$ 1,893
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$ 1,736
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$ 1,670
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$ 2,975
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$ 2,683
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$ 4,478
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$ 6,027
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$ 4,863
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$ 4,528
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Property
and equipment, deferred retirement costs and other assets |
56,628
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54,713
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53,015
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51,675
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50,157
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46,146
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43,733
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42,803
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41,638
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38,403
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32,977
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Total
Assets |
$ 58,283
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$ 56,009
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$ 54,908
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$ 53,411
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$ 51,827
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$ 49,121
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$ 46,416
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$ 47,281
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$ 47,665
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$ 43,266
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$ 37,505
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Liabilities |
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Current
liabilities |
$ 18,277
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$ 15,436
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$ 15,278
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$ 14,107
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$ 12,796
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$ 11,499
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$ 11,665
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$ 10,140
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$ 9,484
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$ 7,400
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$ 6,290
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Other
liabilities |
38,150
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37,466
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37,652
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37,439
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37,746
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34,794
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32,985
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33,503
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32,291
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30,474
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25,825
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Long-term
debt |
2,502
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3,554
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2,788
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3,225
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3,909
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7,019
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7,727
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8,686
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9,173
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8,139
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6,668
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(Net
capital deficiency)/equity |
(646)
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(447)
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(810)
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(1,360)
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(2,624)
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(4,191)
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(5,961)
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(5,048)
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(3,283)
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(2,747)
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(1,278)
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Total
liabilities and (net capital deficiency)/equity |
$ 58,283
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$ 56,009
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$ 54,908
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$ 53,411
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$ 51,827
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$ 49,121
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$ 46,416
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$ 47,281
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$ 47,665
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$ 43,266
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$ 37,505
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Changes
in (Net Capital Deficiency)/Equity |
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Beginning
balances |
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Capital
contributions of the U.S. government |
$ 3,034
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$ 3,034
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$ 3,034
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$ 3,034
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$ 3,034
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$ 3,034
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$ 3,034
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$ 3,034
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$ 3,035
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$ 3,034
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$ 3,034
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Deficit
since reorganization |
(3,481)
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(3,844)
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(4,394)
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(5,658)
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(7,225)
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(8,995)
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(8,082)
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(6,318)
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(5,781)
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(4,312)
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(3,438)
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Total
beginning balance (net capital deficiency)/equity |
(447)
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(810)
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(1,360)
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(2,624)
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(4,191)
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(5,961)
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(5,048)
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(3,283)
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(2,747)
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(1,278)
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(402)
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Net
(loss) income |
(199)
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363
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550
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1,264
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1,567
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1,770
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(913)
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(1,765)
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(536)
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(1,469)
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(874)
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Ending
balance*** |
$ (646)
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$ (447)
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$ (810)
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$ (1,360)
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$ (2,624)
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$ (4,191)
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$ (5,961)
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$ (5,048)
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$ (3,283)
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$ (2,747)
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$ (1,278)
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* Certain reclassifications have been made
to previously reported amounts.
** Relates to OBRA 1990 and 1993.
*** Some totals may not add exactly due to rounding. |
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