U.S. Department of Transportation
Consolidated Statement of Net Cost

For the Years Ended September 30, 2004 and September 30, 2003
(Dollars in Thousands)

  FY 2004 FY 2003 (Restated)
Program Costs (Notes 15 & 16):    
Surface Transportation:
Intragovernmental Gross Costs
$ 579,829
$ 450,246
Less: Intragovernmental Earned Revenue
48,265
67,444
Intragovernmental Net Costs
531,564
382,802
Gross Costs with the Public
41,070,515
40,205,671
Less: Earned Revenues from the Public
315,000
173,951
Net Costs with the Public
40,755,515
40,031,720
Total Net Cost
$ 41,287,079
$ 40,414,522
Air Transportation:
Intragovernmental Gross Costs
$ 2,380,081
$ 1,366,806
Less: Intragovernmental Earned Revenue
84,246
10,288
Intragovernmental Net Costs
2,295,835
1,356,518
Gross Costs with the Public
10,126,861
10,894,332
Less: Earned Revenues from the Public
228,702
252,264
Net Costs with the Public
9,898,159
10,642,068
Total Net Cost
$ 12,193,994
$ 11,998,586
Maritime Transportation:
Intragovernmental Gross Costs
$ 22,047
$ 312,411
Less: Intragovernmental Earned Revenue
260,710
469,167
Intragovernmental Net Costs
(238,663)
(156,756)
 
Gross Costs with the Public
477,002
997,836
Less: Earned Revenues from the Public
1,178
1,712
Net Costs with the Public
475,824
996,124
Total Net Cost
$ 237,161
$ 839,368
Cross-Cutting Programs:
Intragovernmental Gross Costs
$ 54,157
$ 52,765
Less: Intragovernmental Earned Revenue
615,741
680,713
Intragovernmental Net Costs
(561,584)
(627,948)
 
Gross Costs with the Public
568,543
632,224
Less: Earned Revenues from the Public
6,213
4,105
Net Costs with the Public
562,330
628,119
Total Net Cost
$ 746
$ 171
Costs Not Assigned to Programs
$ 347,854
$ 325,363
Less Earned Revenues Not Attributed to Programs
12,631
22,388
Net Cost of Continuing Operations
$ 54,054,213
$ 53,555,622
Transferred Operations:
Gross Cost of Transferred Operations
$ -
$ 5,401,411
Less: Earned Revenue from Transferred Operations
-
839,508
Net Cost of Transferred Operations
$ -
$ 4,561,903
Net Cost of Operations
$ -
$ 58,117,525

The accompanying notes are an intergral part of these statements.