US Postal Service 2009 Annual Report Download - page 87

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2009 Annual Report United States Postal Service | 85
Selected Quarterly Financial Data
2009 Quarter 1 Quarter 2 Quarter 3 Quarter 4
(dollars in millions, unaudited)
Operating revenue $ 19,095 $ 16,938 $ 16,339 $ 15,718b
Total operating expenses 19,475 18,840 18,721a 14,794c
Income (loss) from operations (380) (1,902) (2,382) 924
Interest income (expense) — net (4) (3) (19) (28)
Net Income (Loss) $ (384) $ (1,905) $ (2,401) $ 896
2008 Quarter 1 Quarter 2 Quarter 3 Quarter 4
(dollars in millions, unaudited)
Operating revenue $ 20,369 $ 18,916 $ 17,910d $ 17,737
Total operating expenses 19,683 19,622 19,015 19,418
Income (loss) from operations 686 (706) (1,105) (1,681)
Interest income (expense) — net (14) (1) 7 8
Net Income (Loss) $ 672 $ (707) $ (1,098) $ (1,673)
2007 Quarter 1 Quarter 2 Quarter 3 Quarter 4
(dollars in millions, unaudited)
Operating revenue $ 19,637 $ 18,277 $ 18,347 $ 18,517
Total operating expenses 22,656e 19,577 18,837 19,035
(Loss) from operations (3,019) (1,300) (490) (518)
Interest income (expense) — net 48 61 37 39
Net (Loss) $ (2,971) $ (1,239) $ (453) $ (479)
a — Includes the impact of the $807 million increase in workers' compensation expense, due to a change discount and infl ation rates.
b — Includes the impact of $655 million increase to the stamp portion of the deferred revenue-prepaid postage liability, due to a change in estimate.
c — Includes the impact of the $4.0 billion reduction in the PSRHBF contribution due to P.L. 111-68.
d — Includes the impact of the $450 million increase to the stamp portion of the deferred revenue-prepaid postage liability, due to a change in estimate.
e — Includes the impact of an additional $3.0 billion payment from escrow to the PSRHBF contribution required by P.L. 109-435.
SELECTED QUARTERLY FINANCIAL DATA