EX-12 5 b83548exv12.htm EX-12 exv12
EXHIBIT 12
BOSTON SCIENTIFIC CORPORATION
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(unaudited)
                                         
    Year Ended December 31,
(in millions)   2010     2009     2008     2007     2006  
     
Fixed charges
                                        
Interest expense and amortization of debt issuance costs (a)
     $ 393     $ 407     $ 468     $ 570     $ 435  
Interest portion of rental expense
     18       20       18       14       16  
     
Total fixed charges
     411       427       486       584       451  
     
 
                                        
Earnings
                                        
(Loss) income before income taxes
     (1,063 )     (1,308 )     (2,031 )     (569 )     (3,535 )
Fixed charges, per above
     411       427       486       584       451  
     
Total (deficit) earnings, adjusted
     $ (652 )   $ (881 )   $ (1,545 )   $ 15     $ (3,084 )
     
 
                                        
Ratio of earnings to fixed charges (b)
                             0.03          
     
(a)  
The interest expense included in fixed charges above reflects only interest on third party indebtedness and excludes any interest expense accrued on uncertain tax positions, as permitted by Financial Accounting Standards Board Accounting Standards CodificationÔ Topic 740, Income Taxes (formerly FASB Interpretation No. 48, Accounting for Income Taxes).
(b)  
Earnings were deficient by $652 million in 2010, $881 million in 2009, $1.545 billion in 2008, and $3.084 billion in 2006