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Boston Scientific Second Quarter Results Exceed Consensus Sales and EPS; Full-Year Guidance Raised

>(195)Other, net



(5)Income (loss) before income taxes



(1,455)Income tax expense



36Net income (loss)$
92$   (1,491)Net income (loss) per common share - basic$
(0.98)Net income (loss) per common share - assuming dilution$
(0.98)Weighted-average shares outstandingBasic



1,515.6Assuming dilution



1,515.6BOSTON SCIENTIFIC CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETSAs ofJune 30,December 31,in millions, except share data

20112010(Unaudited)ASSETSCurrent assets:Cash and cash equivalents

213Trade accounts receivable, net


927894Deferred income taxes

417429Assets held for sale

7576Prepaid expenses and other current assets

310183Total current assets

3,1493,615Property, plant and equipment, net


9,75810,186Other intangible assets, net

6,6846,343Other long-term assets

266287$   21,559$
22,128LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Current debt obligations

504Accounts payable

223184Accrued expenses

1,3291,626Other current liabilities

336295Total current liabilities

1,8922,609Long-term debt

4,1974,934Deferred income taxes

1,9161,644Other long-term liabilities

2,0141,645Commitments 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 1,528,799,782 shares as of June 30, 2011 and

15151,520,780,112 shares as of December 31, 2010Additional paid-in capital

16,27816,232Accumulated deficit

(4,630)(4,822)Other stockholders' deficit


SOURCE Boston Scientific Corporation
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