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Boston Scientific Announces Results for Second Quarter Ended June 30, 2009
Date:7/20/2009

---- ---- ---- ---- Net sales $2,074 $2,024 $4,084 $4,071 Cost of products sold 630 604 1,237 1,185 ------------------ ------------------ Gross profit 1,444 1,420 2,847 2,886 Operating expenses: Selling, general and administrative expenses 671 655 1,321 1,315 Research and development expenses 263 253 520 497 Royalty expense 53 48 98 94 Loss on program termination 16 16 Amortization expense 126 135 255 279 Intangible asset impairment charges 10 10 Purchased research and development 17 16 17 29 Gain on divestitures (250) Restructuring charges 13 10 36 39 Litigation-related charges 287 ------------------ ------------------ 1,169 1,117 2,560 2,003 ------------------ ------------------ Operating income 275 303 287 883 Other income (expense): Interest expense (92) (118) (194) (249) Other, net (3) (85) (10) (72) ------------------ ------------------ Income before income taxes 180 100 83 562 Income tax expense (benefit) 22 2 (62) 142 -
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SOURCE Boston Scientific Corporation
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