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Boston Scientific Announces Results for Fourth Quarter and Year Ended December 31, 2008
Date:1/28/2009

al and administrative expenses and $1 million to research and development expenses. (c) In 2008, recorded $6 million to cost of products sold; $7 million to selling, general and administrative expenses; $2 million to research and development expenses; and $19 million to restructuring charges. In 2007, recorded $4 million to cost of products sold; $2 million to selling, general and administrative expenses; $2 million to research and development expenses; and $176 million to restructuring charges. An explanation of the Company's use of these non-GAAP measures is provided at the end of this document. BOSTON SCIENTIFIC CORPORATION NON-GAAP NET INCOME AND NET INCOME PER COMMON SHARE RECONCILIATIONS (Unaudited) Year Ended December 31, 2008 2007 In millions, except per share Net Impact Net Impact data (loss) per (loss) per income diluted income diluted share* share* GAAP results $(2,072) $(1.38) $(495) $(0.33) Non-GAAP adjustments: Intangible asset impairments 2,810 1.87 18 0.01 Acquisition-related net (credits) charges (140) (0.09) 114 0.08 Divestiture-related net (gains) losses (131) (0.09) 553 0.36 Restructuring-related charges 100 0.07 131 0.09 Litigation-related charges 238 0.16 294 0.20 Discrete tax items (27) (0.02) Amortization expense 439 0.29
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SOURCE Boston Scientific Corporation
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