Postal Service’s $3.2 Billion Q2 Loss Underscores Need for Legislative Changes
Without the impact of the non-controllable costs related to mandated retiree health benefit pre-funding payments and accounting for non-cash adjustments for worker’s compensation, the non-GAAP loss for the quarter was $486 million compared to $469 million for the same period last year as shown in the following table:
| Financial Details |
Quarter 2, 2012 |
Quarter 2, 2011 |
| Non-GAAP Operating Loss | $486 million | $469 million |
| PSRHBF Payments | $3.05 billion | $1.38 billion |
| Worker's Compensation Fair Value Adjustment | $(599) million | $(209) million |
| Worker's Compensation Claims & Adjustment | $240 million | $593 million |
| Net Loss | $3.18 billion | $2.23 billion |
Related Content
Comments
