BOSTON SCIENTIFIC CORP
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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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.
Sep 30, 2024 · Filed Nov 1, 2024
BSX$44.70+1.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations (Unaudited)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Net sales | $4,209 | $3,527 | $12,186 | $10,515 |
| Cost of products sold | 1,312 | 1,101 | 3,791 | 3,198 |
| Gross profit | 2,897 | 2,426 | 8,395 | 7,317 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 1,562 | 1,242 | 4,372 | 3,811 |
| Research and development expenses | 407 | 356 | 1,156 | 1,051 |
| Royalty expense | 5 | 11 | 24 | 35 |
| Amortization expense | 205 | 208 | 631 | 620 |
| Intangible asset impairment charges | — | 1 | 276 | 58 |
| Contingent consideration net expense (benefit) | (23) | 12 | (4) | 43 |
| Restructuring net charges (credits) | 8 | 15 | 12 | 51 |
| Litigation-related net charges (credits) | — | (111) | — | (111) |
| 2,164 | 1,733 | 6,467 | 5,558 | |
| Operating income (loss) | 733 | 693 | 1,928 | 1,759 |
| Other income (expense): | ||||
| Interest expense | (79) | (66) | (225) | (200) |
| Other, net | 14 | (18) | (7) | (78) |
| Income (loss) before income taxes | 669 | 610 | 1,697 | 1,480 |
| Income tax expense (benefit) | 200 | 105 | 413 | 392 |
| Net income (loss) | 468 | 504 | 1,284 | 1,088 |
| Preferred stock dividends | — | — | — | (23) |
| Net income (loss) attributable to noncontrolling interests | (0) | (0) | (4) | (0) |
| Net income (loss) attributable to Boston Scientific common stockholders | $469 | $505 | $1,288 | $1,065 |
| Net income (loss) per common share — basic | $0.32 | $0.34 | $0.88 | $0.74 |
| Net income (loss) per common share — diluted | $0.32 | $0.34 | $0.87 | $0.73 |
| Weighted-average shares outstanding | ||||
| Basic | 1,472.7 | 1,464.5 | 1,470.6 | 1,448.8 |
| Diluted | 1,487.4 | 1,475.0 | 1,484.5 | 1,459.1 |
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