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Boston Scientific Announces Results for First Quarter Ended March 31, 2008
Date:4/21/2008

-related charges (c) $44

Income tax benefit (d) (12)

Restructuring-related charges, net of tax $32

Amortization expense:

Amortization expense $143 $155

Income tax benefit (d) (34) (33)

Amortization expense, net of tax $109 $122

(a) Recorded expenses of $9 million to selling, general and administrative

expenses, $2 million to cost of products sold, and $1 million to

research and development expenses.

(b) Recorded to other, net.

(c) Recorded $29 million to restructuring charges, $9 million to selling,

general and administrative expenses, $4 million to cost of products

sold, and $2 million to research and development expenses.

(d) Amounts are tax effected at the Company's effective tax rate, unless

the amount is a significant unusual or infrequently occurring item in

accordance with FASB Interpretation No. 18, "Accounting for Income

Taxes in Interim Periods."

BOSTON SCIENTIFIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 31, December 31,

In millions 2008 2007

Assets

Current assets:

Cash and cash equivalents $1,739 $1,452

Trade accounts receivable, net 1,496 1,502

Inventories 781 725

Deferred income taxes 873 679

Assets held for sale 1,099

Other current assets 352
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SOURCE Boston Scientific Corporation
Copyright©2008 PR Newswire.
All rights reserved

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