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2012 Report on Form 10-K United States Postal Service- 104 -
Service regarding these amounts due under the Revenue Forgone Reform Act of 1993. However, there has
been no final legislation enacted regarding the 2013 appropriation requests.
During 2012, the Postal Service recognized $69 million in revenue, including $23 million of imputed interest,
from the appropriations, compared to $119 million, including $24 million of imputed interest in 2011. In
2010, $113 million was recognized in revenue, which included $24 million of imputed interest. The revenue
forgone receivable is included in the Balance Sheets as “Receivables: U.S. Government.” The total
receivable for revenue forgone was $463 million in 2012, of which $78 million was classified as current
assets. In 2011, the total receivable was $467 million and the current portion was $74 million.
NOTE 13 — SELECTED QUARTERLY FINANCIAL DATA
2012
(Dollars in millions, unaudited)
Operating revenue
$
17,677
$
16,227
$
15,613
$
15,706
Total operating expenses
a
20,923
19,364
20,755
19,922
(Loss) from operations
(3,246)
(3,137)
(5,142)
(4,216)
Interest (expense) - net
(41)
(40)
(43)
(41)
Net Loss
$
(3,287)
$
(3,177)
$
(5,185)
$
(4,257)
2011
(Dollars in millions, unaudited)
Operating revenue
$
17,877
$
16,234
$
15,766
$
15,834
Total operating expenses
18,167
18,426
18,831
15,210
b
(Loss) Income from operations
(290)
(2,192)
(3,065)
624
Interest income (expense) - net
(39)
(36)
(35)
(34)
Net (Loss) Income
$
(329)
$
(2,228)
$
(3,100)
$
590
2010
(Dollars in millions, unaudited)
Operating revenue
$
18,355
$
16,697
$
16,045
$
15,955
Total operating expenses
18,618
18,250
19,510
19,048
(Loss) from operations
(263)
(1,553)
(3,465)
(3,093)
Interest income (expense) - net
(34)
(31)
(33)
(33)
Net Loss
$
(297)
$
(1,584)
$
(3,498)
$
(3,126)
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Quarter 1
Quarter 2
Quarter 3
Quarter 4
b - Includes the impact of the $5.5 billion reduction in the PSRHBF contribution due to P.L. 112-33.
a - Includes the impact of the $5.5 billion inc rease in PSRHBF contribution due to P.L. 112-33 which changed the due date of the scheduled
payment of $5.5 billion originally due by September 30, 2011 to be due by August 1, 2012. In addition, it also includes the regularly
scheduled $5.6 billion contribution to the PSRHBF required by P.L. 109-435.