GE 2015 Annual Report Download - page 79
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 |
 |
MD&A SEGMENT OPERATIONS | AVIATION
GE 2015 FORM 10-K 51
FINANCIAL OVERVIEW
(Dollars in billions)
SEGMENT REVENUES SEGMENT PROFIT SEGMENT PROFIT MARGIN
SEGMENT REVENUES & PROFIT WALK: COMMENTARY:
2015 ± 2014 2015 ± 2014
Segment revenues up $0.7 billion (3%);
Segment profit up $0.5 billion (11%) as a result of:
x The increase in revenues was due to higher prices in
Commercial Engines and higher services volume, partially
offset by decreased equipment sales.
x The increase in profit was mainly due to higher prices,
favorable business mix and higher cost productivity, partially
offset by the effects of inflation and lower other income.
Revenues Profit
2014 $ 24.0 $ 5.0
Volume 0.1 -
Price 0.5 0.5
Foreign Exchange - -
(Inflation)/Deflation N/A (0.2)
Mix N/A 0.2
Productivity N/A 0.1
Other - (0.1)
2015 $ 24.7 $ 5.5
2014 ± 2013 2014 ± 2013
Segment revenues up $2.1 billion (9%);
Segment profit up $0.6 billion (14%) as a result of:
x The increase in revenues was due to higher volume and
higher prices driven by Commercial Engines volume, spare
parts volume and the third-quarter 2013 acquisition of Avio.
x The increase in profit was mainly due to higher prices in our
Commercial Engines and Commercial Services businesses
and higher volume discussed above. These increases were
partially offset by effects of inflation and negative business
mix.
Revenues Profit
2013 $ 21.9 $ 4.3
Volume 1.2 0.2
Price 0.8 0.8
Foreign Exchange - -
(Inflation)/Deflation N/A (0.3)
Mix N/A (0.2)
Productivity N/A -
Other 0.1 0.1
2014 $ 24.0 $ 5.0
Equipment
Services
GE 2015 FORM 10-K 51