Financial Highlights

2009 was a difficult year for both the U.S. economy and the Postal Service. As the economy weakened, mail volumes and revenue continued to decline. The Postal Service met the challenge with focused cost reductions and increased efficiency.

Financial Highlights
	Years Ended September 30			Percent Change From Preceding Year
	2009	2008	2007	2009	2008	2007
(dollars in millions, audited)
Operating revenue	$68,090	$74,932	$74,778	(9.1%)	0.2%	2.9%
Operating expenses *	$71,830	$77,738	$80,105	(7.6%)	(3.0%)	11.8%
Loss from operations	$(3,740)	$(2,806)	$(5,327)
Operating margin	(5.5%)	(3.7%)	(7.1%)
Net loss	$(3,794)	$(2,806)	$(5,142)
Purchases of capital property and equipment	$1,839	$1,995	$2,715	(7.8%)	(26.5%)	3.2%
Debt	$10,200	$7,200	$4,200
Interest expense	$80	$36	$10
Capital contributions of U.S. government since reorganization	$3,087	$3,034	$3,034
Deficit since reorganization	$(8,500)	$(4,706)	$(1,900)
Total net (deficiency) capital	$(5,413)	$(1,672)	$1,134
(unaudited)
Number of career employees	623,128	663,238	684,762	(6.0%)	(3.1%)	(1.6%)
Mail volume (pieces in millions)	177,058	202,703	212,234	(12.7%)	(4.5%)	(0.4%)
New delivery points served	923,595	1,199,764	1,818,326
*The net impact of P.L. 111-68 legislation was $4 billion reduction of expenses in 2009.