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Boston Scientific Announces Results for Third Quarter Ended September 30, 2007
Date:10/19/2007

(loss) share income share

In millions, except per share data

GAAP results $(272) $(0.18) $76 $0.05

Non-GAAP adjustments:

Acquisition and divestiture

related charges 435 0.29 77 0.05

Amortization expense 136 0.09 (1) 118 0.08

Adjusted results $299 $0.20 (1) $271 0.18

(1) Calculated by assuming stock-based dilution of 12.5 million shares

Three Months Ended

September 30,

2007 2006

Acquisition and divestiture related

charges:

Loss on assets held for sale $352

Purchased research and development 75

Integration costs (a) 10 $9

Step-up value of inventory sold (b) 94

Fair-value adjustment for the sharing

of proceeds feature of the Abbott

Laboratories stock purchase (c) 13

CRM technology offering charge (b) 31

437 147

Income tax benefit (d) (2) (70)

Acquisition and divestiture related

charges, net of tax $435 $77

Amortization expense:

Amortization expense $155 $153

Income tax benefit (d) (19) (35)

Amortization expense, net of tax $136 $118

(a) Recorded $8 million in 2007 to selling, general and administrative

expens
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SOURCE Boston Scientific Corporation
Copyright©2007 PR Newswire.
All rights reserved

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