BOSTON SCIENTIFIC CORP

10-K & 10-Q Filings

Boston Scientific Corporation is a medical device company that filed an amended Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The amendment was made to include the executed copy of the consent of independent registered public accounting firm, Ernst & Young LLP, with the conformed electronic signature. The company is an accelerated filer and its common stock is traded on the New York Stock Exchange under the ticker symbol BSX. The aggregate market value of the registrant’s common stock held by non-affiliates was approximately $ billion based on the last reported sale price of $54.09 on June 30, 2023. The number of shares outstanding of Common Stock was as of January 31, 2024. There were no changes to the Form 10-K or the consent. Boston Scientific Corporation is engaged in developing, manufacturing, and marketing medical devices and therapeutic products. The company's portfolio includes interventional cardiology, rhythm management, neuromodulation, endoscopy, and urology and pelvic health. For more information, visit the company's website at www.bostonscientific.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$7622.00
7249.00
7143.00
7380.00
7477.00
8386.00
9048.00
9823.00
10735.00
9913.00
11888.00
12682.00
14240.00
3389.00
3856.00
5.35%13.78%Cost of Revenue (-)
$2659.00
2349.00
2174.00
2210.00
2173.00
2424.00
2593.00
2813.00
3116.00
3465.00
3711.00
3956.00
4345.00
1040.00
1209.00
4.18%16.25%Gross Profit (+)
$4963.00
4900.00
4969.00
5170.00
5304.00
5962.00
6455.00
7011.00
7620.00
6448.00
8177.00
8727.00
9896.00
2349.00
2648.00
5.92%12.73%Selling, General & Administrative (-)
$2487.00
2535.00
2674.00
2902.00
2873.00
3099.00
3294.00
3569.00
3941.00
3787.00
4359.00
4520.00
5190.00
1215.00
1364.00
6.32%12.26%Research & Development (-)
$895.00
886.00
861.00
817.00
876.00
920.00
997.00
1113.00
1174.00
1143.00
1204.00
1323.00
1414.00
337.00
366.00
3.88%8.61%Depreciation & Amortization (-)
$421.00
395.00
410.00
438.00
495.00
545.00
565.00
599.00
699.00
789.00
741.00
803.00
828.00
203.00
214.00
5.80%5.42%Non-recurring Operating Expenses (-)
$807.00
4628.00
577.00
264.00
45.00
39.00
41.00
71.00
143.00
585.00
410.00
156.00
127.00
20.00
3.00
-14.28%-85.00%Operating Expenses (-)
$4059.00
8768.00
4849.00
5471.00
5631.00
5515.00
5170.00
5504.00
6102.00
6528.00
6978.00
7078.00
7553.00
1797.00
1973.00
5.31%9.79%Costs & Expenses (Total) (-)
$6718.00
11117.00
7023.00
7681.00
7804.00
7939.00
7763.00
8317.00
9218.00
9992.00
10690.00
11035.00
11897.00
2838.00
3183.00
4.88%12.16%Operating Income/Loss (+)
$904.00
-3868.00
120.00
-301.00
-327.00
447.00
1285.00
1506.00
1518.00
-80.00
1199.00
1649.00
2343.00
552.00
675.00
8.26%22.28%Non-operating Income/Expense (+)
$19.00
22.00
-19.00
8.00
-39.00
-37.00
-124.00
156.00
-358.00
362.00
218.00
-38.00
-93.00
-43.00
2.00
104.65%Interest Expense (-)
$281.00
261.00
324.00
216.00
284.00
233.00
229.00
241.00
473.00
361.00
341.00
470.00
265.00
65.00
69.00
-0.49%6.15%Earnings before Tax (+)
$642.00
-4107.00
-223.00
-509.00
-650.00
177.00
933.00
1422.00
687.00
-79.00
1076.00
1141.00
1985.00
444.00
608.00
9.86%36.94%Tax Expense (-)
$201.00
-39.00
-102.00
-390.00
-411.00
-170.00
828.00
-249.00
-4013.00
2.00
36.00
443.00
393.00
131.00
115.00
5.75%-12.21%Income/Loss (Continuing Operations) (+)
$441.00
-4068.00
-121.00
-119.00
-239.00
347.00
105.00
1671.00
4700.00
-81.00
1040.00
698.00
1592.00
313.00
493.00
11.29%57.51%Profit/Loss (+)
$441.00
-4068.00
-121.00
-119.00
-239.00
347.00
104.00
1671.00
4700.00
-82.00
1041.00
698.00
1592.00
314.00
493.00
11.29%57.01%Net Income/Loss (NCI) (-)
$
1.00
1.00
Net Income/Loss (+)
$441.00
-4068.00
-121.00
-119.00
-239.00
347.00
104.00
1671.00
4700.00
-115.00
985.00
642.00
1570.00
314.00
495.00
11.16%57.64%Net Income/Loss (Common) (+)
$441.00
-4068.00
-121.00
-119.00
-239.00
347.00
104.00
1671.00
4700.00
-115.00
985.00
642.00
1570.00
314.00
495.00
11.16%57.64%EPS (Basic)
$0.29
-2.89
-0.09
-0.09
-0.18
0.26
0.08
1.21
3.38
-0.08
0.69
0.45
1.08
0.21
0.34
11.58%61.90%EPS (Diluted)
$0.29
-2.89
-0.09
-0.09
-0.18
0.25
0.08
1.19
3.33
-0.08
0.69
0.45
1.07
0.21
0.33
11.49%57.14%Weighted Avg Shares (Basic)
1509.30
1406.70
1341.20
1324.30
1341.20
1357.60
1370.10
1381.00
1391.50
1416.70
1422.30
1430.50
1453.00
1435.80
1468.40
-0.32%2.27%Weighted Avg Shares (Diluted)
1519.00
1406.70
1341.20
1324.30
1341.20
1377.20
1392.70
1401.40
1410.60
1416.70
1433.80
1439.70
1463.50
1446.00
1481.70
-0.31%2.47%Cash
$267.00
207.00
217.00
587.00
319.00
196.00
188.00
146.00
217.00
1734.00
1925.00
928.00
865.00
570.00
2329.00
10.29%308.60%Receivables
$1246.00
1217.00
1307.00
1183.00
1275.00
1472.00
1548.00
1608.00
1828.00
1531.00
1778.00
1970.00
2228.00
2076.00
2304.00
4.96%10.98%Inventory
$931.00
884.00
897.00
946.00
1016.00
955.00
1078.00
1166.00
1579.00
1351.00
1610.00
1867.00
2484.00
2050.00
2561.00
8.52%24.93%Prepaid Expenses (Current)
$
281.00
302.00
443.00
365.00
541.00
942.00
921.00
880.00
945.00
1004.00
995.00
936.00
1007.00
990.00
-1.69%Other Assets (Current)
$661.00
433.00
288.00
447.00
496.00
75.00
66.00
161.00
195.00
1133.00
Assets (Current)
$3105.00
3022.00
3011.00
3606.00
3471.00
3239.00
3822.00
4003.00
4699.00
6694.00
6317.00
5760.00
6514.00
5704.00
8185.00
6.37%43.50%Property, Plant & Equipment (Net)
$1670.00
1564.00
1546.00
1507.00
1490.00
1630.00
1697.00
1782.00
2084.00
2252.00
2446.00
2859.00
2478.00
2897.00
4.58%16.91%Goodwill & Intangibles
$16234.00
12262.00
11643.00
11504.00
12667.00
12561.00
12835.00
14283.00
18062.00
15868.00
18109.00
18822.00
20390.00
19329.00
20200.00
1.92%4.51%Other Assets
$281.00
306.00
371.00
425.00
505.00
666.00
688.00
932.00
7804.00
6131.00
5552.00
5442.00
5372.00
5382.00
5388.00
27.88%0.11%Assets (Non-current)
$18185.00
14132.00
13560.00
13436.00
14662.00
14857.00
15220.00
16997.00
25866.00
24083.00
25913.00
26710.00
28621.00
27189.00
28485.00
3.85%4.77%Assets (Total)
$21290.00
17154.00
16571.00
17042.00
18133.00
18096.00
19042.00
20999.00
30565.00
30777.00
32229.00
32469.00
35136.00
32892.00
36669.00
4.26%11.48%Accounts Payable
$1530.00
1516.00
1594.00
2212.00
2179.00
2759.00
2986.00
2595.00
2651.00
2710.00
3230.00
3022.00
3588.00
2786.00
3004.00
7.36%7.82%Debt (Current)
$4.00
4.00
3.00
403.00
3.00
64.00
1801.00
2253.00
1416.00
13.00
261.00
20.00
531.00
510.00
1085.00
50.29%112.75%Other Liabilities (Current)
$273.00
252.00
227.00
231.00
248.00
764.00
867.00
412.00
800.00
958.00
783.00
761.00
814.00
787.00
827.00
9.53%5.08%Liabilities (Current)
$1807.00
1772.00
1824.00
2846.00
2430.00
3587.00
5654.00
5260.00
4866.00
3681.00
4274.00
3803.00
4933.00
4083.00
4916.00
8.73%20.40%Debt (Non-current)
$4257.00
4252.00
4237.00
3859.00
5674.00
5420.00
3815.00
4803.00
8592.00
9130.00
8804.00
8915.00
8571.00
8495.00
9534.00
6.01%12.23%Other Liabilities
$3873.00
4260.00
3971.00
3880.00
3709.00
2356.00
2561.00
2210.00
3230.00
2639.00
2530.00
2179.00
2101.00
2205.00
2051.00
-4.97%-6.98%Liabilities (Non-current)
$8130.00
8512.00
8208.00
7739.00
9383.00
7776.00
6376.00
7013.00
11822.00
11769.00
11334.00
11094.00
10672.00
10700.00
11585.00
2.29%8.27%Liabilities (Total)
$9937.00
10284.00
10032.00
10585.00
11813.00
11363.00
12030.00
12273.00
16689.00
15450.00
15608.00
14897.00
15605.00
14783.00
16501.00
3.83%11.62%Treasury Stock
$492.00
1092.00
1592.00
1717.00
1717.00
1717.00
1717.00
1717.00
1717.00
2251.00
2251.00
2251.00
2251.00
2251.00
2251.00
13.51%0.00%Retained Earnings
$-4381.00
-8449.00
-8570.00
-8689.00
-8927.00
-8581.00
-8390.00
-6953.00
-2253.00
-2378.00
-1392.00
-750.00
819.00
-450.00
1314.00
392.00%AOCI
$-138.00
-33.00
106.00
144.00
88.00
1.00
-59.00
33.00
270.00
207.00
263.00
269.00
49.00
178.00
132.00
-25.84%Shareholder's Equity
$11353.00
6870.00
6539.00
6457.00
6320.00
6733.00
7012.00
8726.00
13877.00
15326.00
16622.00
17573.00
19530.00
18109.00
20168.00
4.62%11.37%Liabilities & Equity
$21290.00
17154.00
16571.00
17042.00
18133.00
18096.00
19042.00
20999.00
30565.00
30777.00
32229.00
32469.00
35136.00
32892.00
36669.00
4.26%11.48%Net Income/Loss
$441.00
-4068.00
-121.00
-119.00
-239.00
347.00
104.00
1671.00
4700.00
-82.00
1041.00
698.00
1592.00
314.00
493.00
11.29%57.01%Depreciation & Amortization
$717.00
683.00
689.00
725.00
769.00
815.00
844.00
894.00
1011.00
1123.00
1093.00
1136.00
1196.00
285.00
304.00
4.36%6.67%Increase/Decrease in Working Capital
$237.00
-284.00
-155.00
-962.00
-280.00
4.00
-66.00
2160.00
282.00
-42.00
351.00
1005.00
770.00
523.00
743.00
10.32%42.07%Share-based Compensation
$128.00
108.00
105.00
103.00
107.00
116.00
127.00
140.00
157.00
170.00
194.00
220.00
233.00
55.00
63.00
5.12%14.55%Adjustments to Reconcile Net Income
$567.00
5328.00
1203.00
1388.00
839.00
625.00
1322.00
-1361.00
-2864.00
1590.00
842.00
828.00
912.00
-124.00
-329.00
4.04%-165.32%Net Cash (Operating)
$1008.00
1260.00
1082.00
1269.00
600.00
972.00
1426.00
310.00
1836.00
1508.00
1870.00
1526.00
2503.00
190.00
164.00
7.87%-13.68%Capital Expenditure
$665.00
722.00
626.00
779.00
2137.00
408.00
912.00
1769.00
4971.00
352.00
1972.00
2113.00
2518.00
483.00
225.00
11.73%-53.42%Net Cash (Investing)
$769.00
-579.00
-475.00
-745.00
-2186.00
-887.00
-1010.00
-1921.00
-5041.00
-411.00
-1597.00
-2011.00
-2574.00
-484.00
-285.00
41.12%Increase/Decrease in Debt
$-1250.00
-19.00
-10.00
1430.00
-190.00
123.00
1405.00
2794.00
-999.00
-165.00
-4.00
1616.00
Increase/Decrease in Equity
$-471.00
-579.00
-426.00
-65.00
114.00
111.00
85.00
101.00
123.00
1526.00
110.00
136.00
182.00
63.00
80.00
26.98%Interest Expenses
$277.00
255.00
329.00
221.00
283.00
233.00
235.00
262.00
449.00
359.00
338.00
450.00
259.00
-0.56%Dividends Paid
$
28.00
55.00
55.00
28.00
14.00
Net Cash (Financing)
$-1721.00
-744.00
-596.00
-150.00
1322.00
-206.00
110.00
1432.00
2973.00
293.00
-95.00
-548.00
5.00
-69.00
1569.00
2373.91%Cash Taxes Paid
$138.00
97.00
67.00
74.00
80.00
94.00
-42.00
-1037.00
-242.00
207.00
302.00
662.00
512.00
11.54%Effect of Exchange Rate
$-2.00
3.00
-1.00
-4.00
-4.00
-2.00
4.00
-8.00
10.00
-2.00
-6.00
-9.00
-4.00
-7.00
Increase/Decrease in Cash
$54.00
-60.00
10.00
370.00
-268.00
-123.00
-188.00
-222.00
1388.00
173.00
-1042.00
-70.00
-363.00
1441.00
496.97%Cash (Beginning)
$213.00
267.00
207.00
217.00
587.00
319.00
1017.00
829.00
607.00
1995.00
2168.00
1126.00
1126.00
1055.00
14.88%-6.31%Cash (Ending)
$267.00
207.00
217.00
587.00
319.00
196.00
829.00
607.00
1995.00
2168.00
1126.00
1055.00
763.00
2496.00
12.13%227.13%NOPAT
$709.68
-3904.73
174.89
-531.63
-533.76
876.32
144.61
2604.26
2052.72
129.62
862.48
692.26
1738.66
389.14
547.33
7.75%40.65%Gross Margin %
65.11%
67.60%
69.56%
70.05%
70.94%
71.09%
71.34%
71.37%
70.98%
65.05%
68.78%
68.81%
69.49%
69.31%
68.67%
Operating Margin %
11.86%
-53.36%
1.68%
-4.08%
-4.37%
5.33%
14.20%
15.33%
14.14%
-0.81%
10.09%
13.00%
16.45%
16.29%
17.51%
NOPAT Margin %
9.31%
-53.87%
2.45%
-7.20%
-7.14%
10.45%
1.60%
26.51%
19.12%
1.31%
7.26%
5.46%
12.21%
11.48%
14.19%
Net Margin %
5.79%
-56.12%
-1.69%
-1.61%
-3.20%
4.14%
1.15%
17.01%
43.78%
-1.16%
8.29%
5.06%
11.03%
9.27%
12.84%
Tax Rate %
21.50%
-0.95%
-45.74%
-76.62%
-63.23%
-96.05%
88.75%
-72.93%
-35.23%
262.03%
28.07%
58.02%
25.79%
29.50%
18.91%
ROA
3.33%
-22.76%
1.06%
-3.12%
-2.94%
4.84%
0.76%
12.40%
6.72%
0.42%
2.68%
2.13%
4.95%
1.18%
1.49%
ROE
6.25%
-56.84%
2.67%
-8.23%
-8.45%
13.02%
2.06%
29.84%
14.79%
0.85%
5.19%
3.94%
8.90%
2.15%
2.71%
ROIC
3.80%
-26.43%
1.23%
-3.84%
-3.60%
6.17%
0.97%
15.23%
10.52%
0.66%
3.86%
2.93%
6.75%
1.61%
2.11%
Asset Turnover
0.36
0.42
0.43
0.43
0.41
0.46
0.48
0.47
0.35
0.32
0.37
0.39
0.41
0.10
0.11
Inventory Turnover
2.86
2.66
2.42
2.34
2.14
2.54
2.41
2.41
1.97
2.56
2.30
2.12
1.75
0.51
0.47
Equity Multiplier
1.88
2.50
2.53
2.64
2.87
2.69
2.72
2.41
2.20
2.01
1.94
1.85
1.80
1.82
1.82
Current Ratio
1.72
1.71
1.65
1.27
1.43
0.90
0.68
0.76
0.97
1.82
1.48
1.51
1.32
1.40
1.66
Quick Ratio
0.84
0.80
0.84
0.62
0.66
0.47
0.31
0.33
0.42
0.89
0.87
0.76
0.63
0.65
0.94
Debt/Equity Ratio
0.38
0.62
0.65
0.66
0.90
0.81
0.80
0.81
0.72
0.60
0.55
0.51
0.47
0.50
0.53
Interest Coverage Ratio
3.26
-15.17
0.36
-1.36
-1.16
1.92
5.47
5.75
3.38
-0.22
3.55
3.66
9.05
Working Capital/Sales
0.10
0.13
0.14
0.11
0.09
0.00
0.04
0.11
0.14
0.16
0.16
0.19
0.18
0.68
0.73
R&D/Sales
0.12
0.12
0.12
0.11
0.12
0.11
0.11
0.11
0.11
0.12
0.10
0.10
0.10
0.10
0.09
Dividend Payout Ratio %
21.60%
6.38%
7.94%
1.61%
3.60%
Total Payout
$1998.00
853.00
765.00
286.00
-1261.00
312.00
27.00
-1244.00
-2468.00
-140.00
283.00
534.00
109.00
-49.00
-1696.00
-21.52%-3361.22%Payout Ratio %
281.53%
21.85%
437.42%
53.80%
-236.25%
35.60%
18.67%
-47.77%
-120.23%
-108.01%
32.81%
77.14%
6.27%
-12.59%
-309.87%