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2015 Report on Form 10-K United States Postal Service 12
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Not applicable. As an “independent establishment of the Executive Branch of the Government of the United States,” we do
not issue equity or other securities.
ITEM 6. SELECTED FINANCIAL DATA
The selected financial data presented below for each year ended September 30 is derived from our audited financial
statements. The selected financial data should be read in conjunction with Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations and the related notes to the financial statements in Item 8. Financial Statements
and Supplementary Data, Notes to Financial Statements.
(in millions) 2015 2014 2013 2012 2011
Operating Results
Total revenue $ 68,928 $ 67,830 $ 67,318 $ 65,223 $ 65,711
Operating expenses
Compensation and benefits 47,519 46,000 46,708 47,689 48,310
Retiree health benefits* 8,811 8,685 8,450 13,729 2,441
Workers’ compensation 1,760 2,554 1,061 3,729 3,672
All other operating expenses 15,736 15,939 15,909 15,817 16,211
Loss from operations $ (4,898) $ (5,348) $ (4,810) $ (15,741) $ (4,923)
Net loss $(5,060) $ (5,508) $ (4,977) $ (15,906) $ (5,067)
Financial Position
Cash and cash equivalents $ 6,634 $ 4,906 $ 2,326 $ 2,087 $ 1,321
Property and equipment, net 15,686 16,338 17,512 18,863 20,337
All other assets 1,694 1,718 1,803 1,661 1,755
Total Assets $ 24,014 $ 22,962 $ 21,641 $ 22,611 $ 23,413
Accrued retiree health benefits $ 28,100 $ 22,417 $ 16,766 $ 11,205 $ 7
Workers’ compensation liability 18,811 18,422 17,240 17,567 15,142
Debt 15,000 15,000 15,000 15,000 13,000
All other liabilities 12,494 12,454 12,458 13,685 14,204
Total Liabilities $ 74,405 $ 68,293 $ 61,464 $ 57,457 $ 42,353
Total Net Deficiency $ (50,391) $ (45,331) $ (39,823) $ (34,846) $ (18,940)
*With the passage of the PAEA, the $5.5 billion scheduled PSRHBF prefunding payment originally due in 2011 was delayed until 2012. As a result,
PSRHBF expenses were zero in 2011. PSRHBF expenses in 2012 totaled $11.1 billion which included $5.5 billion for the postponed 2011 amount
and $5.6 billion for the scheduled 2012 amount.