SELECTED QUARTERLY FINANCIAL DATA

Selected Quarterly Financial Data (dollars in millions, unaudited)
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2009
Operating revenue	$19,095	$16,938	$16,339	$15,718b
Total operating expenses	19,475	18,840	18,721a	14,794c
Income (loss) from operations	(380)	(1,902)	(2,382)	924
Interest income (expense) — net	(4)	(3)	(19)	(28)
Net Income (Loss)	$(384)	$(1,905)	$(2,401)	$896
2008
Operating revenue	$20,369	$18,916	$17,910d	$17,737
Total operating expenses	19,683	19,622	19,015	19,418
Income (loss) from operations	686	(706)	(1,105)	(1,681)
Interest income (expense) — net	(14)	(1)	7	8
Net Income (Loss)	$672	$(707)	$(1,098)	$(1,673)
2007
Operating revenue	$19,637	$18,277	$18,347	$18,517
Total operating expenses	22,656e	19,577	18,837	19,035
(Loss) from operations	(3,019)	(1,300)	(490)	(518)
Interest income (expense) — net	48	61	37	39
Net (Loss)	$(2,971)	$(1,239)	$(453)	$(479)
a — Includes the impact of the $807 million increase in workers' compensation expense, due to a change discount and inflation rates. b — Includes the impact of $655 million increase to the stamp portion of the deferred revenue-prepaid postage liability, due to a change in estimate. c — Includes the impact of the $4.0 billion reduction in the PSRHBF contribution due to P.L. 111-68. d — Includes the impact of the $450 million increase to the stamp portion of the deferred revenue-prepaid postage liability, due to a change in estimate. e — Includes the impact of an additional $3.0 billion payment from escrow to the PSRHBF contribution required by P.L. 109-435.