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58 | 2007 Annual Report United States Postal Service
Selected Quarterly Financial Data
2007 Quarter 1 Quarter 2 Quarter 3 Quarter 4
(Dollars in millions, unaudited)
Operating revenue $ 19,663 $ 18,292 $ 18,361 $ 18,462
Total operating expenses 22,443 19,431 19,057 19,174
(Loss) from operations (2,780) (1,139) (696) (712)
Other revenue (expense) 48 61 37 39
Net (Loss) $ (2,732) $ (1,078) $ (659) $ (673)
2006 Quarter 1 Quarter 2 Quarter 3 Quarter 4
(Dollars in millions, unaudited)
Operating revenue $ 18,498 $ 18,615 $ 17,835 $ 17,702
Total operating expenses 17,730 17,741 17,778 18,432
Income (loss) from operations 768 874 57 (730)
Other revenue (expense) (40) (28) 24 (25)
Net (Loss) Income $ 728 $ 846 $ 81 $ (755)
2005 Quarter 1 Quarter 2 Quarter 3 Quarter 4
(Dollars in millions, unaudited)
Operating revenue $ 18,786 $ 17,296 $ 16,847 $ 16,978
Total operating expenses 17,059 16,986 17,022 17,214
Income (loss) from operations 1,727 310 (175) (236)
Other revenue (expense) (45) (35) (65) (36)
Net (Loss) Income $ 1,682 $ 275 $ (240) $ (272)
Accruals. Revenue and expenses that are recorded as they occur, even
though they may not have actually been paid.
Amortize. To reduce the value of an asset through regular charges to
income over time; or to write off expenses by prorating them over a period
of time.
Appropriation. Public funds set aside by Congress for a specific purpose.
Asset. An economic resource that is expected to be of benefit in the future.
Cautionary Statements. Statements contained in Management’s Discus-
sion and Analysis that represent our best estimate of the trends we know
about, the trends we anticipate and the trends we think are relevant to our
future operations.
Capitalize. To treat an expenditure as an asset; or to compute the present
value of a future payment that will be paid over a period of time.
Contribution. The difference between the revenue from a class of mail
and that class’s volume-variable costs. For example, if a class of mail has
revenue of $1.5 billion and volume-variable costs of $1 billion, its contribu-
tion is $500 million, which means that this class of mail covers its costs and
contributes $500 million to the common costs of all mail services.
Contingent Liability. A potential liability that is contingent on a future
event.
Delivery Confirmation. A special service that provides the date of delivery
or attempted delivery for Priority Mail and Standard Mail parcels, Bound
Printed Matter and Library Mail.
Depreciate. To periodically reduce the estimated value of an asset over the
course of its useful life.
Glossary