BOSTON SCIENTIFIC CORP
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
BSX$44.70+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations (Unaudited)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $4,120 | $3,599 | $7,977 | $6,988 |
| Cost of products sold | 1,270 | 1,058 | 2,479 | 2,098 |
| Gross profit | 2,850 | 2,542 | 5,498 | 4,891 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 1,446 | 1,354 | 2,810 | 2,570 |
| Research and development expenses | 383 | 359 | 749 | 695 |
| Royalty expense | 9 | 12 | 19 | 23 |
| Amortization expense | 213 | 210 | 427 | 412 |
| Intangible asset impairment charges | 276 | 57 | 276 | 57 |
| Contingent consideration net expense (benefit) | 2 | 19 | 18 | 31 |
| Restructuring net charges (credits) | 1 | 16 | 5 | 36 |
| 2,330 | 2,028 | 4,303 | 3,825 | |
| Operating income (loss) | 520 | 514 | 1,195 | 1,066 |
| Other income (expense): | ||||
| Interest expense | (77) | (70) | (146) | (135) |
| Other, net | (23) | (18) | (21) | (61) |
| Income (loss) before income taxes | 420 | 426 | 1,028 | 870 |
| Income tax expense (benefit) | 98 | 156 | 213 | 287 |
| Net income (loss) | 322 | 270 | 815 | 584 |
| Preferred stock dividends | — | (9) | — | (23) |
| Net income (loss) attributable to noncontrolling interests | (2) | — | (4) | — |
| Net income (loss) attributable to Boston Scientific common stockholders | $324 | $261 | $819 | $561 |
| Net income (loss) per common share — basic | $0.22 | $0.18 | $0.56 | $0.39 |
| Net income (loss) per common share — diluted | $0.22 | $0.18 | $0.55 | $0.39 |
| Weighted-average shares outstanding | ||||
| Basic | 1,470.6 | 1,446.2 | 1,469.5 | 1,441.0 |
| Diluted | 1,484.2 | 1,456.2 | 1,483.0 | 1,451.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.