CUMMINS INC. AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)
|
|
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|
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|
|
|
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|
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In millions
|
|
Engine
|
|
Distribution
|
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Components
|
|
Power Systems
|
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Non-segment Items
(1)
|
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Total
|
|
Six months ended July 3, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
2,993
|
|
|
$
|
2,996
|
|
|
$
|
1,830
|
|
|
$
|
1,000
|
|
|
$
|
—
|
|
|
$
|
8,819
|
|
|
Intersegment sales
|
|
985
|
|
|
11
|
|
|
686
|
|
|
729
|
|
|
(2,411
|
)
|
|
—
|
|
|
Total sales
|
|
3,978
|
|
|
3,007
|
|
|
2,516
|
|
|
1,729
|
|
|
(2,411
|
)
|
|
8,819
|
|
|
Depreciation and amortization
(2)
|
|
80
|
|
|
57
|
|
|
63
|
|
|
58
|
|
|
—
|
|
|
258
|
|
|
Research, development and engineering expenses
|
|
110
|
|
|
7
|
|
|
107
|
|
|
97
|
|
|
—
|
|
|
321
|
|
|
Equity, royalty and interest income from investees
|
|
82
|
|
|
37
|
|
|
20
|
|
|
21
|
|
|
—
|
|
|
160
|
|
|
Interest income
|
|
5
|
|
|
2
|
|
|
2
|
|
|
3
|
|
|
—
|
|
|
12
|
|
|
Segment EBIT
|
|
403
|
|
|
174
|
|
|
353
|
|
|
136
|
|
|
9
|
|
|
1,075
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
Segment EBIT as a percentage of total sales
|
|
10.1
|
%
|
|
5.8
|
%
|
|
14.0
|
%
|
|
7.9
|
%
|
|
|
|
12.2
|
%
|
|
|
|
|
|
|
|
|
|
|
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Six months ended June 28, 2015
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External sales
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$
|
3,523
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|
|
$
|
2,956
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|
|
$
|
1,948
|
|
|
$
|
1,297
|
|
|
$
|
—
|
|
|
$
|
9,724
|
|
|
Intersegment sales
|
|
947
|
|
|
15
|
|
|
748
|
|
|
802
|
|
|
(2,512
|
)
|
|
—
|
|
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Total sales
|
|
4,470
|
|
|
2,971
|
|
|
2,696
|
|
|
2,099
|
|
|
(2,512
|
)
|
|
9,724
|
|
|
Depreciation and amortization
(2)
|
|
93
|
|
|
52
|
|
|
54
|
|
|
54
|
|
|
—
|
|
|
253
|
|
|
Research, development and engineering expenses
|
|
122
|
|
|
6
|
|
|
118
|
|
|
115
|
|
|
—
|
|
|
361
|
|
|
Equity, royalty and interest income from investees
|
|
74
|
|
|
41
|
|
|
17
|
|
|
30
|
|
|
—
|
|
|
162
|
|
|
Interest income
|
|
4
|
|
|
2
|
|
|
2
|
|
|
3
|
|
|
—
|
|
|
11
|
|
|
Segment EBIT
|
|
478
|
|
|
201
|
|
|
418
|
|
|
228
|
|
|
(42
|
)
|
|
1,283
|
|
|
|
|
|
|
|
|
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|
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Segment EBIT as a percentage of total sales
|
|
10.7
|
%
|
|
6.8
|
%
|
|
15.5
|
%
|
|
10.9
|
%
|
|
|
|
13.2
|
%
|
|
|
|
|
|
|
|
|
|
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(1
|
)
|
Includes intersegment sales, intersegment profit in inventory eliminations and unallocated corporate expenses. There were no significant unallocated corporate expenses
for the six months ended July 3, 2016 and June 28, 2015.
|
(2
|
)
|
Depreciation and amortization as shown on a segment basis excludes the amortization of debt discount and deferred costs included in the
Condensed Consolidated Statements of Income
as "Interest expense." The amortization of debt discount and deferred costs was $1 million for both of the six months ended July 3, 2016 and June 28, 2015.
|
A reconciliation of our segment information to the corresponding amounts in the
Condensed Consolidated Statements of Income
is shown in the table below:
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Three months ended
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Six months ended
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In millions
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July 3,
2016
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June 28,
2015
|
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July 3,
2016
|
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June 28,
2015
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Total segment EBIT
|
|
$
|
591
|
|
|
$
|
721
|
|
|
$
|
1,075
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|
|
$
|
1,283
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Less: Interest expense
|
|
16
|
|
|
17
|
|
|
35
|
|
|
31
|
|
Income before income taxes
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|
$
|
575
|
|
|
$
|
704
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|
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$
|
1,040
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|
|
$
|
1,252
|
|
|
|
|
|
|
|
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|
Income before income taxes as a percentage of net sales
|
|
12.7
|
%
|
|
14.0
|
%
|
|
11.8
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%
|
|
12.9
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%
|
CUMMINS INC. AND SUBSIDIARIES
EQUITY INVESTEES DATA
(Unaudited)
EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES
Equity, royalty and interest income from investees included in our
Condensed Consolidated Statements of Income
for the reporting periods was as follows:
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Three months ended
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Six months ended
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In millions
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July 3,
2016
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June 28,
2015
|
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July 3,
2016
|
|
June 28,
2015
|
Distribution Entities
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Komatsu Cummins Chile, Ltda.
|
|
$
|
8
|
|
|
$
|
8
|
|
|
$
|
18
|
|
|
$
|
15
|
|
North American distributors
|
|
6
|
|
|
8
|
|
|
11
|
|
|
18
|
|
All other distributors
|
|
1
|
|
|
—
|
|
|
1
|
|
|
1
|
|
Manufacturing Entities
|
|
|
|
|
|
|
|
|
|
|
Beijing Foton Cummins Engine Co., Ltd.
|
|
22
|
|
|
22
|
|
|
40
|
|
|
29
|
|
Dongfeng Cummins Engine Company, Ltd.
|
|
15
|
|
|
15
|
|
|
22
|
|
|
29
|
|
Chongqing Cummins Engine Company, Ltd.
|
|
9
|
|
|
11
|
|
|
17
|
|
|
23
|
|
All other manufacturers
|
|
16
|
|
|
21
|
|
|
32
|
|
|
28
|
|
Cummins share of net income
|
|
77
|
|
|
85
|
|
|
141
|
|
|
143
|
|
Royalty and interest income
|
|
11
|
|
|
9
|
|
|
19
|
|
|
19
|
|
Equity, royalty and interest income from investees
|
|
$
|
88
|
|
|
$
|
94
|
|
|
$
|
160
|
|
|
$
|
162
|
|
CUMMINS INC. AND SUBSIDIARIES
FINANCIAL MEASURES THAT SUPPLEMENT GAAP
(Unaudited)
Net income and diluted earnings per share (EPS) attributable to Cummins Inc. excluding special items
We believe these are useful measures of our operating performance for the periods presented as they illustrate our operating performance without regard to special items including tax adjustments. These measures are not in accordance with, or an alternative for, accounting principles generally accepted in the United States of America (GAAP) and may not be consistent with measures used by other companies. It should be considered supplemental data. The following table reconciles net income attributable to Cummins Inc. to net income attributable to Cummins Inc. excluding special items for the following periods:
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|
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|
|
|
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|
|
Six months ended
|
|
|
|
July 3, 2016
|
|
June 28, 2015
|
In millions
|
|
Net Income
|
|
Diluted EPS
|
|
Net Income
|
|
Diluted EPS
|
Net income attributable to Cummins Inc.
|
|
$
|
727
|
|
|
$
|
4.26
|
|
|
$
|
858
|
|
|
$
|
4.76
|
|
Less
|
|
|
|
|
|
|
|
|
Tax benefit
|
|
—
|
|
|
—
|
|
|
18
|
|
|
0.10
|
|
Net income attributable to Cummins Inc. excluding special items
|
|
$
|
727
|
|
|
$
|
4.26
|
|
|
$
|
840
|
|
|
$
|
4.66
|
|
Earnings before interest, income taxes and noncontrolling interests
We define EBIT as earnings before interest expense, income tax expense and noncontrolling interests in income of consolidated subsidiaries (EBIT). We use EBIT to assess and measure the performance of our operating segments and also as a component in measuring our variable compensation programs. This measure is not in accordance with, or an alternative for, GAAP and may not be consistent with measures used by other companies. It should be considered supplemental data. Below is a reconciliation of EBIT to “Net income attributable to Cummins Inc.” for each of the applicable periods:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
|
|
Six months ended
|
In millions
|
|
July 3, 2016
|
|
June 28, 2015
|
|
July 3, 2016
|
|
June 28, 2015
|
Earnings before interest expense and income taxes
|
|
$
|
591
|
|
|
$
|
721
|
|
|
$
|
1,075
|
|
|
$
|
1,283
|
|
|
|
|
|
|
|
|
|
|
EBIT as a percentage of net sales
|
|
13.1
|
%
|
|
14.4
|
%
|
|
12.2
|
%
|
|
13.2
|
%
|
|
|
|
|
|
|
|
|
|
Less
|
|
|
|
|
|
|
|
|
Interest expense
|
|
16
|
|
|
17
|
|
|
35
|
|
|
31
|
|
Income tax expense
|
|
148
|
|
|
208
|
|
|
280
|
|
|
352
|
|
Consolidated net income
|
|
427
|
|
|
496
|
|
|
760
|
|
|
900
|
|
|
|
|
|
|
|
|
|
|
Less
|
|
|
|
|
|
|
|
|
Net income attributable to noncontrolling interests
|
|
21
|
|
|
25
|
|
|
33
|
|
|
42
|
|
Net income attributable to Cummins Inc.
|
|
$
|
406
|
|
|
$
|
471
|
|
|
$
|
727
|
|
|
$
|
858
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Cummins Inc. as a percentage of net sales
|
|
9.0
|
%
|
|
9.4
|
%
|
|
8.2
|
%
|
|
8.8
|
%
|
CUMMINS INC. AND SUBSIDIARIES
BUSINESS UNIT SALES DATA
(Unaudited)
Engine Segment Sales by Market and Unit Shipments by Engine Classification
In the second quarter of 2016, in conjunction with the reorganization of our segments, our Engine segment reorganized its reporting structure as follows:
|
|
•
|
Heavy-duty truck -
We manufacture diesel engines that range from 310 to 600 horsepower serving global heavy-duty truck customers worldwide, primarily in North America.
|
|
|
•
|
Medium-duty truck and bus -
We manufacture diesel engines ranging from 200 to 450 horsepower serving medium-duty truck and bus customers worldwide, with key markets including North America, Latin America, Europe and Mexico. We also provide diesel and natural gas engines for school buses, transit buses and shuttle buses worldwide, with key markets including North America, Europe, Latin America and Asia, and diesel engines for Class A motor homes (RVs), primarily in North America.
|
|
|
•
|
Light-duty automotive (Pickup and Light Commercial Vehicle (LCV)) -
We manufacture 105 to 385 horsepower diesel engines, including engines for the pickup truck market for Chrysler and Nissan in North America, and LCV markets in Europe, Latin America and Asia.
|
|
|
•
|
Off-highway -
We provide diesel engines that range from 60 to 755 horsepower to key global markets including construction, mining, rail, defense, agriculture, marine, and oil and gas equipment and also to the power generation business for standby, mobile and distributed power generation solutions throughout the world.
|
Sales for our Engine segment by market (including 2016, 2015 and 2014 revised balances) were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Heavy-duty truck
|
|
$
|
631
|
|
|
$
|
622
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,253
|
|
Medium-duty truck and bus
|
|
549
|
|
|
600
|
|
|
—
|
|
|
—
|
|
|
1,149
|
|
Light-duty automotive
|
|
433
|
|
|
394
|
|
|
—
|
|
|
—
|
|
|
827
|
|
Off-highway
|
|
363
|
|
|
386
|
|
|
—
|
|
|
—
|
|
|
749
|
|
Total sales
|
|
$
|
1,976
|
|
|
$
|
2,002
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
3,978
|
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Heavy-duty truck
|
|
$
|
757
|
|
|
$
|
875
|
|
|
$
|
784
|
|
|
$
|
700
|
|
|
$
|
3,116
|
|
Medium-duty truck and bus
|
|
608
|
|
|
674
|
|
|
585
|
|
|
640
|
|
|
2,507
|
|
Light-duty automotive
|
|
381
|
|
|
354
|
|
|
339
|
|
|
401
|
|
|
1,475
|
|
Off-highway
|
|
399
|
|
|
422
|
|
|
394
|
|
|
357
|
|
|
1,572
|
|
Total sales
|
|
$
|
2,145
|
|
|
$
|
2,325
|
|
|
$
|
2,102
|
|
|
$
|
2,098
|
|
|
$
|
8,670
|
|
|
|
|
|
|
|
|
|
|
|
|
2014
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
YTD
|
|
|
|
|
|
|
|
|
Heavy-duty truck
|
|
$
|
3,072
|
|
|
|
|
|
|
|
|
|
Medium-duty truck and bus
|
|
2,431
|
|
|
|
|
|
|
|
|
|
Light-duty automotive
|
|
1,567
|
|
|
|
|
|
|
|
|
|
Off-highway
|
|
1,897
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
8,967
|
|
|
|
|
|
|
|
|
|
CUMMINS INC. AND SUBSIDIARIES
BUSINESS UNIT SALES DATA
(Unaudited)
Revised unit shipments by engine classification
(including unit shipments to Power Systems and off-highway engine units included in their respective classification)
were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
Units
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Heavy-duty
|
|
19,700
|
|
|
20,700
|
|
|
—
|
|
|
—
|
|
|
40,400
|
|
Mid-range
|
|
55,400
|
|
|
62,300
|
|
|
—
|
|
|
—
|
|
|
117,700
|
|
Light-duty
|
|
61,700
|
|
|
57,100
|
|
|
—
|
|
|
—
|
|
|
118,800
|
|
Total units
|
|
136,800
|
|
|
140,100
|
|
|
—
|
|
|
—
|
|
|
276,900
|
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
Units
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Heavy-duty
|
|
28,700
|
|
|
32,800
|
|
|
28,600
|
|
|
24,300
|
|
|
114,400
|
|
Mid-range
|
|
61,200
|
|
|
66,600
|
|
|
59,600
|
|
|
59,700
|
|
|
247,100
|
|
Light-duty
|
|
51,200
|
|
|
53,400
|
|
|
47,800
|
|
|
56,900
|
|
|
209,300
|
|
Total units
|
|
141,100
|
|
|
152,800
|
|
|
136,000
|
|
|
140,900
|
|
|
570,800
|
|
|
|
|
|
|
|
|
|
|
|
|
2014
|
|
|
|
|
|
|
|
|
|
|
Units
|
|
YTD
|
|
|
|
|
|
|
|
|
Heavy-duty
|
|
122,100
|
|
|
|
|
|
|
|
|
|
Mid-range
|
|
266,800
|
|
|
|
|
|
|
|
|
|
Light-duty
|
|
204,400
|
|
|
|
|
|
|
|
|
|
Total units
|
|
593,300
|
|
|
|
|
|
|
|
|
|
Distribution Segment Sales by Product Line
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Parts
|
|
$
|
648
|
|
|
$
|
642
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,290
|
|
Service
|
|
299
|
|
|
297
|
|
|
—
|
|
|
—
|
|
|
596
|
|
Power generation
|
|
275
|
|
|
326
|
|
|
—
|
|
|
—
|
|
|
601
|
|
Engines
|
|
241
|
|
|
279
|
|
|
—
|
|
|
—
|
|
|
520
|
|
Total sales
|
|
$
|
1,463
|
|
|
$
|
1,544
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
3,007
|
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Parts
|
|
$
|
573
|
|
|
$
|
598
|
|
|
$
|
604
|
|
|
$
|
648
|
|
|
$
|
2,423
|
|
Service
|
|
284
|
|
|
307
|
|
|
301
|
|
|
330
|
|
|
1,222
|
|
Power generation
|
|
298
|
|
|
272
|
|
|
323
|
|
|
397
|
|
|
1,290
|
|
Engines
|
|
321
|
|
|
318
|
|
|
323
|
|
|
332
|
|
|
1,294
|
|
Total sales
|
|
$
|
1,476
|
|
|
$
|
1,495
|
|
|
$
|
1,551
|
|
|
$
|
1,707
|
|
|
$
|
6,229
|
|
CUMMINS INC. AND SUBSIDIARIES
BUSINESS UNIT SALES DATA
(Unaudited)
Component Segment Sales by Business
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Emission solutions
|
|
$
|
607
|
|
|
$
|
624
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,231
|
|
Turbo technologies
|
|
265
|
|
|
276
|
|
|
—
|
|
|
—
|
|
|
541
|
|
Filtration
|
|
252
|
|
|
262
|
|
|
—
|
|
|
—
|
|
|
514
|
|
Fuel systems
|
|
113
|
|
|
117
|
|
|
—
|
|
|
—
|
|
|
230
|
|
Total sales
|
|
$
|
1,237
|
|
|
$
|
1,279
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
2,516
|
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Emission solutions
|
|
$
|
613
|
|
|
$
|
679
|
|
|
$
|
607
|
|
|
$
|
600
|
|
|
$
|
2,499
|
|
Turbo technologies
|
|
301
|
|
|
307
|
|
|
266
|
|
|
267
|
|
|
1,141
|
|
Filtration
|
|
255
|
|
|
266
|
|
|
240
|
|
|
249
|
|
|
1,010
|
|
Fuel systems
|
|
130
|
|
|
145
|
|
|
127
|
|
|
120
|
|
|
522
|
|
Total sales
|
|
$
|
1,299
|
|
|
$
|
1,397
|
|
|
$
|
1,240
|
|
|
$
|
1,236
|
|
|
$
|
5,172
|
|
Power Systems Segment Sales by Product Line and Unit Shipments by Engine Classification
In the second quarter of 2016, in conjunction with the reorganization of our segments, our Power Systems segment reorganized its reporting structure as follows:
|
|
•
|
Power generation -
We design, manufacture, sell and support generators ranging from 2 kilowatts to 3.5 megawatts, as well as paralleling systems and transfer switches, for applications such as residential, commercial, industrial, data centers, health care, telecommunications and waste water treatment plants. We also provide turnkey solutions for distributed generation and energy management applications using natural gas or biogas as a fuel. We also serves global rental accounts for diesel and gas generator sets.
|
|
|
•
|
Industrial -
We design, manufacture, sell and support diesel and natural gas high-horsepower engines up to 5,500 horsepower for a wide variety of equipment in the mining, rail, defense, oil and gas, and commercial marine applications throughout the world. Across these markets, we have major customers in North America, Europe, Middle East, Africa, China, Korea, Japan, Latin America, India, Russia, Southeast Asia, South Pacific and Mexico.
|
|
|
•
|
Generator technologies -
We design, manufacture, sell and support A/C generator/alternator products for internal consumption and for external generator set assemblers. Our products are sold under the Stamford, AVK and Markon brands and range in output from 3 kilovolt-amperes (kVA) to 12,000 kVA.
|
CUMMINS INC. AND SUBSIDIARIES
BUSINESS UNIT SALES DATA
(Unaudited)
Sales for our Power Systems segment by product line (including 2016, 2015 and 2014 revised balances) were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Power generation
|
|
$
|
520
|
|
|
$
|
597
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,117
|
|
Industrial
|
|
215
|
|
|
240
|
|
|
—
|
|
|
—
|
|
|
455
|
|
Generator technologies
|
|
73
|
|
|
84
|
|
|
—
|
|
|
—
|
|
|
157
|
|
Total sales
|
|
$
|
808
|
|
|
$
|
921
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,729
|
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Power generation
|
|
$
|
624
|
|
|
$
|
710
|
|
|
$
|
621
|
|
|
$
|
615
|
|
|
$
|
2,570
|
|
Industrial
|
|
280
|
|
|
295
|
|
|
275
|
|
|
287
|
|
|
1,137
|
|
Generator technologies
|
|
98
|
|
|
92
|
|
|
86
|
|
|
84
|
|
|
360
|
|
Total sales
|
|
$
|
1,002
|
|
|
$
|
1,097
|
|
|
$
|
982
|
|
|
$
|
986
|
|
|
$
|
4,067
|
|
|
|
|
|
|
|
|
|
|
|
|
2014
|
|
|
|
|
|
|
|
|
|
|
In millions
|
|
YTD
|
|
|
|
|
|
|
|
|
Power generation
|
|
$
|
2,633
|
|
|
|
|
|
|
|
|
|
Industrial
|
|
1,331
|
|
|
|
|
|
|
|
|
|
Generator technologies
|
|
450
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
4,414
|
|
|
|
|
|
|
|
|
|
High-horsepower unit shipments by engine classification (including 2016, 2015 and 2014 revised units) were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
Units
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Power generation
|
|
1,800
|
|
|
2,200
|
|
|
—
|
|
|
—
|
|
|
4,000
|
|
Industrial
|
|
1,000
|
|
|
1,100
|
|
|
—
|
|
|
—
|
|
|
2,100
|
|
Total units
|
|
2,800
|
|
|
3,300
|
|
|
—
|
|
|
—
|
|
|
6,100
|
|
|
|
|
|
|
|
|
|
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
Units
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
YTD
|
Power generation
|
|
2,200
|
|
|
2,500
|
|
|
2,000
|
|
|
1,900
|
|
|
8,600
|
|
Industrial
|
|
1,300
|
|
|
1,200
|
|
|
1,200
|
|
|
1,500
|
|
|
5,200
|
|
Total units
|
|
3,500
|
|
|
3,700
|
|
|
3,200
|
|
|
3,400
|
|
|
13,800
|
|
|
|
|
|
|
|
|
|
|
|
|
2014
|
|
|
|
|
|
|
|
|
|
|
Units
|
|
YTD
|
|
|
|
|
|
|
|
|
Power generation
|
|
8,700
|
|
|
|
|
|
|
|
|
|
Industrial
|
|
6,100
|
|
|
|
|
|
|
|
|
|
Total units
|
|
14,800
|
|
|
|
|
|
|
|
|
|
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