US Postal Service 2006 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2006 US Postal Service annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

2006 Annual Report United States Postal Service | 43
Statements of Operations
Years Ended September 30,
2006 2005 2004
(Dollars in millions)
Operating revenue $ 72,650 $ 69,907 $ 68,996
Operating expenses:
Compensation and benefits 56,281 53,932 52,134
Transportation 6,045 5,437 4,969
Other 9,358 8,914 8,748
Total operating expenses 71,684 68,283 65,851
Income from Operations 966 1,624 3,145
Interest and investment income 167 86 33
Interest expense on deferred retirement obligations (231) (263) (103)
Other interest expense (2) (2) (10)
Net Income $ 900 $ 1,445 $ 3,065
See accompanying notes to the financial statements
(231) (263) (103)
(2)
(2) (10)