GE 2011 Annual Report Download - page 46

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’   
44 GE 2011 ANNUAL REPORT
HEALTHCARE revenues of $18.1 billion in 2011 increased $1.2 bil-
lion, or 7%, due to higher volume ($1.0 billion) and the weaker U.S.
dollar ($0.4 billion), partially offset by lower prices ($0.3 billion). The
revenue increase was split between equipment sales ($0.7 billion)
and services ($0.5 billion). Revenue increased in the U.S. and inter-
national markets, with the strongest growth in emerging markets.
Segment profi t of $2.8 billion in 2011 increased 2%, or $0.1 bil-
lion, refl ecting increased productivity ($0.3 billion), higher volume
($0.2 billion) and the weaker U.S. dollar ($0.1 billion), partially offset
by lower prices ($0.3 billion) and higher infl ation ($0.1 billion), pri-
marily non-material related.
Healthcare revenues of $16.9 billion in 2010 increased $0.9 billion,
or 6%, refl ecting higher volume ($1.0 billion) and the weaker U.S.
dollar ($0.1 billion), partially offset by lower prices ($0.2 billion). The
increase in volume refl ected increased equipment sales ($0.7 billion)
and services ($0.2 billion).
Segment profi t of $2.7 billion in 2010 increased $0.3 billion,
or 13%, due to higher productivity ($0.3 billion), higher volume
($0.2 billion) and the weaker U.S. dollar ($0.1 billion), partially offset
by lower prices ($0.2 billion).
Healthcare equipment orders increased 7% to $10.5 billion
at December 31, 2011. Total Healthcare backlog increased 1%
to $13.5 billion at December 31, 2011, composed of equip-
ment backlog of $3.9 billion and services backlog of $9.6 billion.
Comparable December 31, 2010 equipment and service order
backlogs were $3.9 billion and $9.5 billion, respectively. See
Corporate Items and Eliminations for a discussion of items not
allocated to this segment.
TRANSPORTATION revenues of $4.9 billion in 2011 increased
$1.5 billion, or 45%, due to higher volume ($1.5 billion) related to
increased equipment sales ($0.9 billion) and services ($0.6 billion).
The increase in equipment revenue was primarily driven by an
increase in U.S. and international locomotive sales and growth in
our global mining equipment business. The increase in service
revenue was due to higher overhauls and increased
service productivity.
Segment profi t of $0.8 billion in 2011 increased $0.4 billion,
or over 100%, as a result of increased productivity ($0.4 billion),
refl ecting improved service margins, and higher volume ($0.1 bil-
lion), partially offset by higher infl ation ($0.1 billion).
Transportation revenues of $3.4 billion in 2010 decreased
$0.5 billion, or 12%, primarily due to lower volume ($0.5 billion).
The decrease in volume refl ected decreased equipment sales
($0.3 billion) and services ($0.1 billion).
Segment profi t of $0.3 billion in 2010 decreased $0.2 billion,
or 33%, due to lower productivity ($0.1 billion) and lower volume
($0.1 billion). Lower productivity was primarily due to higher
service costs.
Transportation equipment orders decreased 31% to $2.2 bil-
lion at December 31, 2011. Total Transportation backlog
decreased 1% to $15.1 billion at December 31, 2011, composed
of equipment backlog of $3.3 billion and services backlog of
$11.8 billion. Comparable December 31, 2010 equipment and
service order backlogs were $3.7 billion and $11.6 billion, respec-
tively. See Corporate Items and Eliminations for a discussion of
items not allocated to this segment.
HOME & BUSINESS SOLUTIONS revenues of $8.5 billion decreased
$0.2 billion, or 2%, in 2011 refl ecting a decrease in Appliances
partially offset by higher revenues at Lighting and Intelligent
Platforms. Overall, revenues decreased primarily as a result of
lower volume ($0.3 billion) principally in our appliances business,
partially offset by the weaker U.S. dollar ($0.1 billion) and
increased prices.
Segment profi t of $0.3 billion in 2011 decreased 34%, or
$0.2 billion, as the effects of infl ation ($0.3 billion) and lower vol-
ume were partially offset by the effects of the weaker U.S. dollar,
increased productivity and increased prices.
Home & Business Solutions revenues increased 2%, or
$0.2 billion, to $8.6 billion in 2010 compared with 2009 as higher
volume ($0.4 billion) and higher other income ($0.1 billion) was
partially offset by lower prices ($0.2 billion). The increase in vol-
ume refl ected increased sales across all businesses. The decrease
in price was primarily at Appliances.
Segment profi t increased 24%, or $0.1 billion, to $0.5 bil-
lion in 2010, primarily as a result of the effects of productivity
($0.2 billion) and increased other income primarily related to
associated companies ($0.1 billion), partially offset by lower prices
($0.2 billion).