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

)

Restructuring-related charges, net of tax $25

Litigation-related charges:

Litigation-related charges $334

Income tax benefit (d) (68)

Litigation-related charges, net of tax $266

Divestiture-related (gains) losses:

Gain on sale of investments (c) $(15)

Loss on assets held for sale $352

(15) 352

Income tax benefit (d) (11)

Divestiture-related (gains) losses, net of tax $(26) $352

Intangible asset impairment charges:

Intangible asset impairment charges $155

Income tax benefit (d) (26)

Intangible asset impairment charges, net of tax $129

Amortization expense:

Amortization expense $131 $155

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

Amortization expense, net of tax $96 $136

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

and $2 million to cost of products sold.

(b) Recorded $4 million to cost of products sold; $9 million to selling,

general and administrative expenses; $1 million to research and

development expenses; and $20 million to restructuring charges.

(c) Recorded to other, net.

(d) 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."

An explanation of the Company's use of these non-GAAP measures is provided at the end of this document.


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

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