GE 2015 Annual Report Download - page 75

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MD&A SEGMENT OPERATIONS | ENERGY MANAGEMENT
GE 2015 FORM 10-K 47
OPERATIONAL OVERVIEW
(Dollars in billions)
2015 GEOGRAPHIC REVENUES: $ 7.6 BILLION ORDERS
(a) Includes $1.1 billion related to Alstom
2015 SUB-SEGMENT REVENUES
BACKLOG

(a) Includes $8.4 billion related to Alstom
EQUIPMENT/SERVICES REVENUES
SIGNIFICANT TRENDS & DEVELOPMENTS
x On November 2, 2015, ZHFRPSOHWHGWKHDFTXLVLWLRQRI$OVWRP¶V*ULGEXVLQHVVDVSDUWRIWKHRYHUDOO$OVWRPWUDQVDFWLRQ2XU
IRUPHU'LJLWDO(QHUJ\EXVLQHVVZDVFRPELQHGZLWK$OVWRP¶V*ULGEXVLQHVVWRIRUP*ULG6ROXWLRQVD*(DQG$OVWRPMRLQWYHQWXUH.
x The Intelligent Platforms Embedded Systems Products business of Industrial Solutions was sold in December 2015 for
approximately $0.5 billion and the Electricity Meters business of Grid Solutions was sold in December 2015 for approximately $0.2
billion.
x We are seeing growth in renewable energy industries, specifically wind & solar industries, which is driving demand in our Power
Conversion business for equipment and services. This growth is offset by the decline in the oil & gas industry.
x We see soft demand in the North American electrical distribution market, slow economic recovery in Europe, and continued soft
demand in other parts of the developed world.
x The U.S. electrical grid capacity is high and load growth is expected to be slow in the near term; spending by utilities in the U.S.
continues to be focused more heavily on sustaining operations versus capital investment.
Equipment
Services
Equipment
Services
Services Equipment
GE 2015 FORM 10-K 47