US Postal Service 2004 Annual Report Download - page 41

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2004 annual report united states postal service | 39
฀฀ Year฀ended฀September฀30,
(Dollars฀in฀millions)฀ 2004฀ 2003฀2002
Operating฀revenue฀฀ $68,996฀ $68,529฀ $66,463
Operating฀expenses:
฀฀ Compensation฀and฀benefits฀ 52,134฀ 50,428฀ 51,557
฀฀ Transportation฀ 4,969฀ 4,989฀ 5,132
฀฀ Other฀ 8,748฀฀ 8,485฀ 8,545
Total฀operating฀expenses฀ 65,851฀ 63,902฀ 65,234
฀
Income฀from฀operations฀ 3,145฀ 4,627฀ 1,229
฀
Interest฀and฀investment฀income฀ 33฀ 58฀ 46
Interest฀expense฀on฀deferred
฀retirement฀obligations฀ ฀(103)฀ (116)฀ (1,601)
Other฀interest฀expense฀ (10)฀ (334)฀ (340)
Debt฀repurchase฀expense฀ -฀ (360)฀ -
Emergency฀preparedness฀appropriations฀฀ -฀ 177฀ 179
Emergency฀preparedness฀expenses฀฀ -฀ (184)฀ (189)
฀฀
Net฀income฀(loss)฀ $฀3,065฀ $฀3,868฀ $฀(676)
See฀accompanying฀notes฀to฀financial฀statements.
statements of operations
Operating฀expenses:
Income฀from฀operations