US Postal Service 2012 Annual Report Download - page 83

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2012 Report on Form 10-K United States Postal Service- 82 -
STATEMENTS OF CASH FLOWS
2012 2011 2010
(Dollars in millions)
Cash flows from operating activities:
Net Loss $ (15,906) $ (5,067) $ (8,505)
Depr eciation and amortization 2,075 2,313 2,469
(Gain) loss on disposals of property and equipment and impairments, net (5) 6 8
Decrease (increase) in other assets - primarily, appropriations receivable revenue forgone 17 (25) 10
Increase in noncurrent workers' c ompens ation liability 2,343 2,413 2,410
Decrease in employees' accumulated leave (175) (53) (13)
Decrease in noncurrent deferred appropriations and other revenue (3) (3) (2)
Increase (decrease) in other noncurrent liabilities 78 520 (11)
Changes in current assets and liabilities:
Receivables, net 108 53 (255)
Supplies, advanc es and prepayments (6) (6) 24
Compensation and benefits (534) (539) 163
Retiree health benefits 11,198 7 -
W orkers' compensation 82 140 46
Payables and ac crued expenses 23 (182) 182
Customers deposit accounts (176) (43) 50
Defer red revenue-prepaid postage 517 913 139
Outstanding postal money orders (11) 49 (1)
Prepaid box rent and other deferred revenue (57) (2) (6)
Net cash (used in) provided by operating activities (432) 494 (3,292)
Cash flows from investing activities:
Purchase of property and equipment (705) (1,190) (1,393)
Proceeds from deferred building sale 40 48 19
Proceeds from sales of property and equipment 108 89 51
Net cash used in investing activities (557) (1,053) (1,323)
Cash flows from financing activities:
Issuance of notes payable 5,300 5,800 4,100
Payments on notes payable (4,100) (4,600) (2,500)
Net change in revolving credit line 800 (200) 200
Payments on capital lease obligations, net (51) (51) (50)
U.S. Government appropriations - expensed (129) (63) (63)
Net cash provided by financing activities 1,820 886 1,687
Net increase (decrease) in cash and cash equivalents 831 327 (2,928)
Cash and cash equivalents at beginning of year 1,488 1,161 4,089
Cash and cash equivalents at end of year $ 2,319 $ 1,488 $ 1,161
Supplemental cash flow disclosures:
Interest paid $ 188 $ 166 $ 154
See accompanying notes to the financial statements
Years Ended September 30,
Adjustments to reconcile net loss to cash provided by operations: