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

(62)

Acquisition and divestiture-related

charges, net of tax $667 $4,566

Restructuring charges:

Restructuring charges (f) $184

Income tax benefit (g) (53)

Restructuring charges, net of tax $131

Litigation-related charges:

Litigation-related charges $365

Income tax benefit (g) (71)

Litigation-related charges, net of tax $294

Amortization expense:

Amortization expense $641 $530

Income tax benefit (g) (81) (109)

Amortization expense, net of tax $560 $421

(a) Recorded $6 million in 2007 to cost of products sold, $20 million to

selling, general and administrative expenses and $3 million to

research and development expenses; recorded $2 million in 2006 to

cost of products sold, $46 million to selling, general and

administrative expenses, and $13 million to research and development

expenses.

(b) Recorded to other, net.

( c ) Recorded to cost of products sold.

(d) Recorded in 2006 to selling, general and administrative expenses.

(e) Recorded a credit of $67 million to purchased research and

development and a charge of $31 million to research and development

expenses.

(f) 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.

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

the amount is a significant unusual or infrequently occurring item'/>"/>

SOURCE Boston Scientific Corporation
Copyright©2008 PR Newswire.
All rights reserved

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