U.S. Department of State Fiscal Year 2020 Agency Financial Report

ABOUT THE COVER The cover (wrapped front to back), selected in support of this year’s AFR theme Safeguarding Unalienable Rights , features a portion of John Trumbull’s Declaration of Independence , one of the artist’s four murals in the U.S. Capitol Rotunda. Thomas Jefferson (red vest) and his fellow drafters are shown presenting their work to John Hancock (seated), President of the Continental Congress on June 28, 1776. 2020* Highlights (dollars in billions) Percent Change 2020 over 2019 2020 2019 2018 2017 Balance Sheet Totals as of September 30 Total Assets +1% $ 109.7 $ 109.0 $ 105.6 $ 100.6 Total Liabilities +2% 33.0 32.4 29.9 26.8 Total Net Position — 76.7 76.6 75.7 73.8 Results of Operations for the Year Ended September 30 Total Net Cost of Operations +10% $ 32.6 $ 29.7 $ 28.7 $ 26.5 Budgetary Resources for the Year Ended September 30 Total Budgetary Resources +3% $ 77.1 $ 74.9 $ 72.3 $ 71.0 * Throughout this report all use of year indicates fiscal year.