GE 2015 Annual Report Download - page 82

MD&A SEGMENT OPERATIONS | HEALTHCARE
54 GE 2015 FORM 10-K
FINANCIAL OVERVIEW
(Dollars in billions)
SEGMENT REVENUES SEGMENT PROFIT SEGMENT PROFIT MARGIN
SEGMENT REVENUES & PROFIT WALK: COMMENTARY:
2015 ± 2014 2015 ± 2014
Segment revenues down $0.7 billion (4%);
Segment profit down $0.2 (5%) as a result of:
x The decrease in revenues was primarily due to the effects of a
stronger U.S. dollar, as well as lower prices, mainly at
Healthcare Systems, partially offset by higher volume in Life
Sciences and Healthcare Systems.
x The decrease in profit was primarily due to lower prices,
mainly in Healthcare Systems, the effects of inflation and the
impact of a stronger U.S. dollar, partially offset by higher
productivity, as increased R&D and related costs were more
than offset by higher cost productivity, and higher volume.
Revenues Profit
2014 $ 18.3 $ 3.0
Volume 0.8 0.1
Price (0.3) (0.3)
Foreign Exchange (1.1) (0.1)
(Inflation)/Deflation NA (0.2)
Mix NA -
Productivity N/A 0.3
Other (0.1) -
2015 $ 17.6 $ 2.9
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
Equipment
Services
54 GE 2015 FORM 10-K