GE 2014 Annual Report Download - page 66
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46 GE 2014 FORM 10-K
MD&A SEGMENT OPERATIONS | HEALTHCARE
FINANCIAL OVERVIEW
(Dollars in billions)
SEGMENT REVENUES & PROFIT SEGMENT PROFIT MARGIN
SEGMENT REVENUES & PROFIT WALK: COMMENTARY:
2014 – 2013 2014 – 2013
Segment revenues up $0.1 billion (1%);
Segment profit flat as a result of:
x The increase in revenues was due to higher volume,
driven by the higher sales in Life Sciences. This
increase was partially offset by lower prices mainly at
Healthcare Systems and the effects of a stronger U.S.
dollar.
x Profit was flat as higher productivity, driven by SG&A
cost reductions, and higher volume, were offset by
lower prices, mainly at Healthcare Systems, inflation
and effects of a stronger U.S. dollar.
Revenues Profit
2013 $ 18.2 $ 3.0
Volume 0.6 0.1
Price (0.3) (0.3)
Foreign Exchange (0.2) (0.1)
(Inflation)/Deflation N/A (0.2)
Mix N/A -
Productivity N/A 0.5
Other - -
2014 $ 18.3 $ 3.0
2013 – 2012 2013 – 2012
Segment revenues down $0.1 billion;
Segment profit up $0.1 billion (4%) as a result of:
x The decrease in revenues was driven by lower prices
mainly at Healthcare Systems, effects of a stronger
U.S. dollar and lower other income, partially offset by
higher volume.
x The increase in profit was mainly driven by higher
productivity resulting from SG&A cost reductions and
higher volume, partially offset by lower prices mainly at
Healthcare Systems, the effects of inflation and the
stronger U.S. dollar.
Revenues Profit
2012 $ 18.3 $ 2.9
Volume 0.5 0.1
Price (0.3) (0.3)
Foreign Exchange (0.2) (0.1)
(Inflation)/Deflation N/A (0.2)
Mix N/A -
Productivity N/A 0.6
Other - -
2013 $ 18.2 $ 3.0
Revenue Profit