XML 55 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net income (loss) $ (119)us-gaap_ProfitLoss $ (121)us-gaap_ProfitLoss $ (4,068)us-gaap_ProfitLoss
Gain on sale of businesses (12)us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal (38)us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal (15)us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
Depreciation and amortization 725us-gaap_DepreciationDepletionAndAmortization 689us-gaap_DepreciationDepletionAndAmortization 683us-gaap_DepreciationDepletionAndAmortization
Deferred and prepaid income taxes (397)bsx_CashFlowImpactOfDeferredIncomeTaxExpenseBenefit (223)bsx_CashFlowImpactOfDeferredIncomeTaxExpenseBenefit (166)bsx_CashFlowImpactOfDeferredIncomeTaxExpenseBenefit
Stock-based compensation expense 103us-gaap_ShareBasedCompensation 105us-gaap_ShareBasedCompensation 108us-gaap_ShareBasedCompensation
Goodwill impairment charges 0us-gaap_GoodwillImpairmentLoss 423us-gaap_GoodwillImpairmentLoss 4,350us-gaap_GoodwillImpairmentLoss
Intangible asset impairment charges 195us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 53us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 142us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
Net losses (gains) on investments and notes receivable (27)us-gaap_GainLossOnInvestments 9us-gaap_GainLossOnInvestments (37)us-gaap_GainLossOnInvestments
Contingent consideration expense (benefit) (85)bsx_ContingentConsiderationExpense 4bsx_ContingentConsiderationExpense (6)bsx_ContingentConsiderationExpense
Payment of contingent consideration in excess of amounts established in purchase accounting (103)bsx_PaymentOfContingentConsiderationInExcessOfAmountsEstablishedInPurchaseAccounting (5)bsx_PaymentOfContingentConsiderationInExcessOfAmountsEstablishedInPurchaseAccounting (8)bsx_PaymentOfContingentConsiderationInExcessOfAmountsEstablishedInPurchaseAccounting
Other, net 27us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 31us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities (7)us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Trade accounts receivable 53us-gaap_IncreaseDecreaseInAccountsReceivable (101)us-gaap_IncreaseDecreaseInAccountsReceivable 37us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (81)us-gaap_IncreaseDecreaseInInventories (7)us-gaap_IncreaseDecreaseInInventories 66us-gaap_IncreaseDecreaseInInventories
Other assets (33)us-gaap_IncreaseDecreaseInOtherOperatingAssets 91us-gaap_IncreaseDecreaseInOtherOperatingAssets (68)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses 620us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (9)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (111)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other liabilities 403us-gaap_IncreaseDecreaseInOperatingLiabilities 209us-gaap_IncreaseDecreaseInOperatingLiabilities 380us-gaap_IncreaseDecreaseInOperatingLiabilities
Cash provided by operating activities 1,269us-gaap_NetCashProvidedByUsedInOperatingActivities 1,110us-gaap_NetCashProvidedByUsedInOperatingActivities 1,280us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities      
Purchases of property, plant and equipment (259)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (245)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (226)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds on disposals 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 53us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 16us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Payments for acquisitions of businesses, net of cash acquired (486)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (274)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (366)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from business divestitures, net of costs 12bsx_ProceedsFromDivestitureOfBusinessesNetOfCosts 30bsx_ProceedsFromDivestitureOfBusinessesNetOfCosts 10bsx_ProceedsFromDivestitureOfBusinessesNetOfCosts
Payments for investments and acquisitions of certain technologies (26)us-gaap_PaymentsToAcquireInvestments (44)us-gaap_PaymentsToAcquireInvestments (22)us-gaap_PaymentsToAcquireInvestments
Proceeds from investments and collections of notes receivable 14us-gaap_PaymentsForProceedsFromOtherInvestingActivities 5us-gaap_PaymentsForProceedsFromOtherInvestingActivities 9us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash used for investing activities (745)us-gaap_NetCashProvidedByUsedInInvestingActivities (475)us-gaap_NetCashProvidedByUsedInInvestingActivities (579)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities      
Payments of contingent consideration amounts previously established in purchase accounting (34)us-gaap_PaymentsForProceedsFromPreviousAcquisition (160)us-gaap_PaymentsForProceedsFromPreviousAcquisition (146)us-gaap_PaymentsForProceedsFromPreviousAcquisition
Proceeds from long-term borrowings, net of debt issuance costs 0us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 1,440us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 0us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
Payments on long-term borrowings 0us-gaap_RepaymentsOfLongTermDebt (1,450)us-gaap_RepaymentsOfLongTermDebt (10)us-gaap_RepaymentsOfLongTermDebt
Proceeds from borrowings on credit facilities 810us-gaap_ProceedsFromLongTermLinesOfCredit 340us-gaap_ProceedsFromLongTermLinesOfCredit 371us-gaap_ProceedsFromLongTermLinesOfCredit
Payments on borrowings from credit facilities (810)us-gaap_RepaymentsOfLongTermLinesOfCredit (340)us-gaap_RepaymentsOfLongTermLinesOfCredit (380)us-gaap_RepaymentsOfLongTermLinesOfCredit
Payments for acquisitions of treasury stock (125)us-gaap_PaymentsForRepurchaseOfCommonStock (500)us-gaap_PaymentsForRepurchaseOfCommonStock (600)us-gaap_PaymentsForRepurchaseOfCommonStock
Cash used to net share settle employee equity awards (51)us-gaap_EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards (28)us-gaap_EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards (20)us-gaap_EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
Proceeds from issuances of shares of common stock 60us-gaap_ProceedsFromIssuanceOfCommonStock 74us-gaap_ProceedsFromIssuanceOfCommonStock 21us-gaap_ProceedsFromIssuanceOfCommonStock
Cash used for financing activities (150)us-gaap_NetCashProvidedByUsedInFinancingActivities (624)us-gaap_NetCashProvidedByUsedInFinancingActivities (764)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign exchange rates on cash (4)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (1)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 3us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents 370us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 10us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (60)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 217us-gaap_CashAndCashEquivalentsAtCarryingValue 207us-gaap_CashAndCashEquivalentsAtCarryingValue 267us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 587us-gaap_CashAndCashEquivalentsAtCarryingValue 217us-gaap_CashAndCashEquivalentsAtCarryingValue 207us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Information      
Cash paid for income taxes, net 74us-gaap_IncomeTaxesPaid 67us-gaap_IncomeTaxesPaid 97us-gaap_IncomeTaxesPaid
Cash paid for interest 221us-gaap_InterestPaid 329us-gaap_InterestPaid 255us-gaap_InterestPaid
Fair value of contingent consideration recorded in purchase accounting $ 3us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 $ 0us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 $ 467us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1