GE 2015 Annual Report Download - page 85

MD&A SEGMENT OPERATIONS | TRANSPORTATION
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FINANCIAL OVERVIEW
(Dollars in billions)
SEGMENT REVENUES SEGMENT PROFIT SEGMENT PROFIT MARGIN
SEGMENT REVENUES & PROFIT WALK: COMMENTARY:
2015 ± 2014 2015 ± 2014
Segment revenues up $0.3 billion (5%);
Segment profit up $0.1 (13%) as a result of:
x The increase in revenues was primarily due to higher volume
driven by Tier 4 locomotive sales, partially offset by the
Signaling disposition.
x The increase in profit was primarily due to higher productivity,
including a reduction in SG&A cost, and higher volume driven
by Tier 4 locomotive sales, partially offset by negative
business mix.
Revenues Profit
2014 $ 5.7 $ 1.1
Volume 0.3 0.1
Price - -
Foreign Exchange - -
(Inflation)/Deflation N/A -
Mix N/A (0.2)
Productivity N/A 0.2
Other - -
2015 $ 5.9 $ 1.3
2014 ± 2013 2014 ± 2013
Segment revenues down $0.2 billion (4%);
Segment profit down 3% as a result of:
x The decrease in revenues was due to lower volume, primarily
in Mining reflecting weakness in the industry, partially offset by
an increase in volume in the locomotive services business.
x The decrease in profit was due to lower volume, primarily in
Mining as discussed above, was partially offset by deflation
and cost productivity.
Revenues Profit
2013 $ 5.9 $ 1.2
Volume (0.2) -
Price - -
Foreign Exchange - -
(Inflation)/Deflation N/A -
Mix N/A -
Productivity N/A -
Other - -
2014 $ 5.7 $ 1.1
Equipment
Services
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