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2015 Report on Form 10-K United States Postal Service 38
United States Postal Service
Balance Sheets
(in millions) September 30, September 30,
2015 2014
Assets
Current Assets:
Cash and cash equivalents $ 6,634 $ 4,906
Restricted cash 233 246
Receivables, net 930 930
Supplies, advances and prepayments 118 122
Total current assets 7,915 6,204
Property and equipment, net 15,686 16,338
Other assets 413 420
Total assets $ 24,014 $ 22,962
Liabilities and Net Deficiency
Current Liabilities:
Compensation and benefits $ 1,899 $ 1,506
Retiree health benefits 28,100 22,417
Workers’ compensation costs 1,401 1,320
Payables and accrued expenses 1,853 2,023
Deferred revenue-prepaid postage 3,304 3,064
Customer deposit accounts 1,201 1,191
Other current liabilities 1,053 1,221
Current portion of debt 10,100 9,800
Total current liabilities 48,911 42,542
Workers’ compensation costs, noncurrent 17,410 17,102
Employees’ accumulated leave, noncurrent 1,951 1,982
Other noncurrent liabilities 1,233 1,467
Noncurrent portion of debt 4,900 5,200
Total liabilities 74,405 68,293
Net Deficiency:
Capital contributions of the U.S. government 3,132 3,132
Deficit since 1971 reorganization (53,523)(48,463)
Total net deficiency (50,391)(45,331)
Total liabilities and net deficiency $ 24,014 $ 22,962
See accompanying notes to the financial statements.