GE 2015 Annual Report Download - page 70

MD&A SEGMENT OPERATIONS | RENEWABLE ENERGY
42 GE 2015 FORM 10-K
FINANCIAL OVERVIEW
(Dollars in billions)
SEGMENT REVENUES SEGMENT PROFIT SEGMENT PROFIT MARGIN
(a) $6.2 billion, excluding $0.1 billion related to
A
lstom*
(a) $0.5 billion, excluding $(0.1) billion related
to Alstom*
(a) 8.1%, excluding (1.2)% related to Alstom*
SEGMENT REVENUES & PROFIT WALK: COMMENTARY:
2015 ± 2014 2015 ± 2014
Segment revenues down $0.1 billion (2%);
Segment profit down $0.3 billion (38%) as a result of:
x The decrease in revenues was primarily driven by the effects
of a stronger U.S. dollar, partially offset by higher volume,
driven by the sale of 2 MW onshore units, higher prices, the
effects of the Alstom acquisition and other income.
x The decrease in profit was due to lower productivity, primarily
driven by a shift to new products and technology, the effects
of inflation, the effects of the Alstom acquisition and negative
business mix, partially offset by higher prices and other
income.
Revenues Profit
2014 $ 6.4 $ 0.7
Volume 0.3 -
Price 0.1 0.1
Foreign Exchange (0.6) -
(Inflation)/Deflation N/A (0.1)
Mix N/A (0.1)
Productivity N/A (0.1)
Other 0.1 0.1
Alstom 0.1 (0.1)
2015 $ 6.3 $ 0.4
2014 ± 2013 2014 ± 2013
Segment revenues up $1.6 billion (33%);
Segment profit up $0.2 billion (43%) as a result of:
x The increase in revenues was driven by higher volume,
partially offset by lower prices and the impact of a stronger
U.S. dollar.
x The increase in profit was mainly due to higher cost
productivity and higher volume, partially offset by lower prices.
Revenues Profit
2013 $ 4.8 $ 0.5
Volume 2.0 0.2
Price (0.2) (0.2)
Foreign Exchange (0.1) -
(Inflation)/Deflation N/A -
Mix N/A -
Productivity N/A 0.3
Other - -
2014 $ 6.4 $ 0.7
*Non-GAAP Financial Measure
Equipment
Se
rvi
ces
42 GE 2015 FORM 10-K