2008 Financial highlights
| Years Ended September 30 | Percent Change From Preceding Year |
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|---|---|---|---|---|---|---|
2008 |
2007 |
2006 |
2008 | 2007 | 2006 | |
| (Dollars in millions, audited) | ||||||
| Operating revenue | $74,932 |
$74,778 |
$72,650 |
0.2% | 2.9% | 3.9% |
| Operating expenses | $77,738 |
$80,105 |
$71,681 |
(3.0%) | 11.8% | 5.0% |
| Income from Operations | $(2,806) |
$(5,327) |
$969 |
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| Operating margin | (3.7%) |
(7.1%) |
1.3% |
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| Net (loss) income | $(2,806) |
$(5,142) |
$900 |
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| Purchase of capital property and equipment | $1,995 |
$2,715 |
$2,630 |
(26.5%) | 3.2% | 13.5% |
| Debt | $7,200 |
$4,200 |
$2,100 |
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| Interest expense* | $36 |
$10 |
$5 |
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| Capital contributions of U.S. government | $3,034 |
$3,034 |
$3,034 |
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| Retained (deficit) earnings since reorganization |
$(4,706) |
$(1,900) |
$3,242 |
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| Total Net Capital | $(1,672) |
$1,134 |
$6,276 |
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| (Unaudited) | ||||||
| Number of career employees | 663,238 |
684,762 |
696,138 |
(3.1%) | (1.6%) | (1.2%) |
| Mail volume (pieces in millions) | 202,703 |
212,234 |
213,138 |
(4.5%) | (0.4%) | 0.7% |
| New delivery points served | 1,199,764 |
1,818,326 |
1,847,831 |
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| * Excluding interest expense on deferred retirement obligations in 2006. | ||||||