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Boston Scientific Announces Results for Fourth Quarter and Year Ended December 31, 2007
Date:2/4/2008

nses.

( c ) Recorded to cost of products sold.

(d) Recorded to other, net.

(e) Recorded $176 million to restructuring charges in 2007, $4 million

to selling, general and administrative expenses, $2 million to cost

of products sold, and $2 million to research and development

expenses.

(f) 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 GAAP RESULTS OF OPERATIONS

(Unaudited)

Year Ended

December 31,

In millions, except per share data 2007 2006

Net sales $8,357 $7,821

Cost of products sold 2,342 2,207

Gross profit 6,015 5,614

Operating expenses

Selling, general and administrative expenses 2,909 2,675

Research and development expenses 1,091 1,008

Royalty expense 202 231

Amortization expense 641 530

Purchased research and development 85 4,119

Restructuring charges 176

Litigation-related charges 365

Loss on assets held for sale 560

6,029 8,563

Operating loss (14
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SOURCE Boston Scientific Corporation
Copyright©2008 PR Newswire.
All rights reserved

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