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Boston Scientific Announces Results for Third Quarter Ended September 30, 2008
Date:10/21/2008

BOSTON SCIENTIFIC CORPORATION

CONDENSED CONSOLIDATED GAAP RESULTS OF OPERATIONS

(Unaudited)

Nine Months Ended

September 30,

In millions, except per share data 2008 2007

Net sales $6,048 $6,204

Cost of products sold 1,839 1,706

Gross profit 4,209 4,498

Operating expenses

Selling, general and administrative

expenses 1,925 2,205

Research and development expenses 749 835

Royalty expense 144 151

Amortization expense 410 467

Intangible asset impairment charges 155

Purchased research and development 21 72

Litigation-related charges 334

Restructuring charges 59

Acquisition-related milestone (250)

Gain on divestitures (250)

Loss on assets held for sale 352

3,297 4,082

Operating income 912 416

Other income (expense):

Interest expense (361) (433)

Other, net (57) 44

Income before income taxes 494 27

Income tax expense 136 64

Net income (loss)
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SOURCE Boston Scientific Corporation
Copyright©2008 PR Newswire.
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