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Boston Scientific Announces Results for Third Quarter Ended September 30, 2008

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Nine Months Ended

September 30,

2008 2007

Acquisition-related (credits)


Acquisition-related milestone $(250)

Purchased research and development 21 $72

Integration costs (a) 34

Fair value adjustment for the sharing

of proceeds feature of the Abbott

Laboratories stock purchase (b) 8

(229) 114

Less: Income tax expense (benefit) (d) 65 (10)

Acquisition-related charges, net of tax $(164) $104

Restructuring-related charges:

Restructuring-related charges (c) $99

Less: Income tax benefit (d) (27)

Restructuring-related charges, net of tax $72

Litigation-related charges:

Litigation-related charges $334

Less: Income tax benefit (d) (68)

Litigation-related charges, net of tax $266

Divestiture-related (gains) losses:

Gain on divestitures $(250)

Net loss on sale of investments (b) 80

Loss on assets held for sale $352

(170) 352

Less: Income tax expense (d) 92

Divestiture-related (gains) losses, net of tax $(78) $352


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

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