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Boston Scientific Announces Results for First Quarter Ended March 31, 2011
Date:4/20/2011

p>7

576Prepaid expenses and other current assets

327

183Total current assets

3,569

3,615Property, plant and equipment, net

1,708

1,697Goodwill

9,722

10,186Other intangible assets, net

6,806

6,343Other long-term assets

239

287$
22,044$
22,128LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Current debt obligations

$
254

$
504Accounts payable

217

184Accrued expenses

1,300

1,626Other current liabilities

269

295Total current liabilities

2,040

2,609Long-term debt

4,670

4,934Deferred income taxes

1,988

1,644Other long-term liabilities

2,003

1,645Commitments and contingenciesStockholders' equityPreferred stock, $.01 par value - authorized 50,000,000shares, none issued and outstandingCommon stock, $.01 par value - authorized 2,000,000,000shares, issued 1,528,206,257 shares as of March 31, 2011 and

15

151,520,780,112 shares as of December 31, 2010Additional paid-in capital

16,249

16,232Accumulated deficit

(4,802)

(4,822)Other stockholders' deficit

(119)

(129)Total stockholders' equity

11,343

11,296$
22,044$
22,128BOSTON SCIENTIFIC CORPORATIONNON-GAAP NET INCOME AND NET INCOME PER COMMON SHARE RECONCILIATIONS

(Unaudited)Three Months Ended March 31,20112010ImpactNetImpactNetper diluted(loss)per dilutedin millions, except per share data

incomeshareincomeshareGAAP net income (loss)$
20$
.01$ (1,589)$
(1.05)Non-GAAP adjustments:Goodwill impairment charge

723

0.471,848

1.22

*Intangible asset impairment charges51

0.03

*Acquisition-related net credits

(29)

(0.01)(216)

(0.14)

*Divestiture-related net credits

(530)

(0.34)Restructuring-related charges

34

0.0256


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SOURCE Boston Scientific Corporation
Copyright©2010 PR Newswire.
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