GE 2015 Annual Report Download - page 125
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MD&A SUPPLEMENTAL INFORMATION
GE 2015 FORM 10-K 97
OIL & GAS ORGANIC REVENUE GROWTH
(Dollars in millions) 2015 2014 V%
Oil & Gas segment revenue $ 16,450 $ 19,085 (14)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates (1,427) 349
Oil & Gas revenues excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (Oil & Gas organic revenue) $ 17,878 $ 18,735 (5)%
OIL & GAS ORGANIC OPERATING PROFIT GROWTH
(Dollars in millions) 2015 2014 V%
Oil & Gas segment profit $ 2,427 $ 2,758 (12)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates (340) 18
Oil & Gas segment profit excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (Oil & Gas organic operating profit) $ 2,768 $ 2,739 1%
Organic revenue and operating profit growth measure revenue and profit excluding the effects of acquisitions, business dispositions
and currency exchange rates. We believe that these measures provide management and investors with a more complete
understanding of underlying operating results and trends of established, ongoing operations by excluding the effect of acquisitions,
dispositions and currency exchange, which activities are subject to volatility and can obscure underlying trends. Management
recognizes that the terms "organic revenue growth" and ³RUJDQLF operating profit JURZWK´ may be interpreted differently by other
companies and under different circumstances. Although this may have an effect on comparability of absolute percentage growth from
company to company, we believe that these measures are useful in assessing trends of the Oil & Gas business and may therefore be a
useful tool in assessing period-to-period performance trends.
GE 2015 FORM 10-K 97