Boston Scientific Corporation (BSX) financial statements (2021 and earlier)

Company profile

Business Address 300 BOSTON SCIENTIFIC WAY
MARLBOROUGH, MA 01752-1234
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,734217146188196319587
Cash and cash equivalents1,734217146188196319587
Restricted cash and investments  655    
Receivables1,5311,8281,6081,5481,4721,2751,183
Inventory, net of allowances, customer advances and progress billings1,3511,5791,1661,0789551,016946
Inventory1,3511,5791,1661,0789551,016946
Prepaid expense194      
Disposal group, including discontinued operation1,133      
Other current assets    240  
Other undisclosed current assets7511,0754281,008376861890
Total current assets:6,6944,6994,0033,8223,2393,4713,606
Noncurrent Assets
Property, plant and equipment2,0842,0791,7821,6971,6301,4901,507
Long-term investments and receivables 264    37
Long-term investments 264    37
Intangible assets, net (including goodwill)15,86818,06214,28312,83512,56112,66711,504
Goodwill9,95110,1767,9116,9986,6786,4735,898
Intangible assets, net (excluding goodwill)5,9177,8866,3725,8375,8836,1945,606
Restricted cash and investments 86     
Deferred income tax assets4,210 
Other noncurrent assets1,9211,529932688666505425
Other undisclosed noncurrent assets 3,846(1)   (37)
Total noncurrent assets:24,08325,86616,99615,22014,85714,66213,436
TOTAL ASSETS:30,77730,56520,99919,04218,09618,13317,042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7102,6512,5952,9862,7592,1792,724
Accounts payable513542349530447209262
Accrued liabilities2,1972,1092,2462,4562,3121,9701,950
Employee-related liabilities      512
Debt131,4162,2531,801643403
Estimated litigation liability      694
Business combination, contingent consideration, liability      158
Deferred tax liabilities    2
Other liabilities958800412867764248231
Other undisclosed current liabilities (1)    (1,366)
Total current liabilities:3,6814,8665,2605,6543,5872,4302,846
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,1308,5924,8033,8155,4205,6743,859
Other undisclosed long-term debt and lease obligation9,1308,5924,8033,8155,4205,6743,859
Liabilities, other than long-term debt2,6393,2302,2102,5612,3563,7096,546
Accounts payable and accrued liabilities      1,667
Deferred tax liabilities, net595328191187351,214
Deferred income tax liabilities330 
Estimated litigation liability      883
Other liabilities2,3092,6351,8822,3702,3382,9742,666
Business combination, contingent consideration, liability      116
Other undisclosed noncurrent liabilities1     (2,666)
Total noncurrent liabilities:11,77011,8227,0136,3767,7769,3837,739
Total liabilities:15,45116,68812,27312,03011,36311,81310,585
Stockholders' equity
Stockholders' equity attributable to parent15,12013,8778,7257,0116,7336,3206,457
Common stock17161616161616
Treasury stock, value(2,251)(1,717)(1,717)(1,717)(1,717)(1,717)(1,717)
Additional paid in capital19,73217,56117,34617,16117,01416,86016,703
Accumulated other comprehensive income (loss) 27033(59)188144
Accumulated deficit(2,378)(2,253)(6,953)(8,390)(8,581)(8,927)(8,689)
Other undisclosed stockholders' equity206 11   
Total stockholders' equity:15,32613,8778,7267,0126,7336,3206,457
TOTAL LIABILITIES AND EQUITY:30,77730,56520,99919,04218,09618,13317,042

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,91310,7359,8239,0489,0768,0687,462
Revenue, net9,0488,3867,4777,380
Cost of revenue
(Cost of Goods and Services Sold)
(3,465)(3,116)(2,813)(2,593)(2,424)(2,173)(2,210)
Other undisclosed gross profit 11 (690)(591)(82)
Gross profit:6,4487,6207,0116,4555,9625,3045,170
Operating expenses(6,528)(6,102)(5,504)(5,170)(5,515)(5,631)(5,471)
Other undisclosed operating loss  (1)    
Operating income (loss):(80)1,5181,5061,285447(327)(301)
Nonoperating income (expense)1(831)(85)(353)(270)(69)29
Investment income, nonoperating398(22)155(92)(21)(9)39
Foreign currency transaction loss, before tax    (13)(21)(18)
Other nonoperating income (expense)362(358)156(124)(37)(39)8
Interest and debt expense(361)(473)(241)(229)(233)(284)(216)
Income (loss) from continuing operations before equity method investments, income taxes:(440)2141,180703(56)(680)(488)
Other undisclosed income (loss) from continuing operations before income taxes36147324223023330(21)
Income (loss) from continuing operations before income taxes:(79)6871,422933177(650)(509)
Income tax expense (benefit)(2)4,013249(828)170411390
Income (loss) before gain (loss) on sale of properties:(81)4,7001,671105347(239)(119)
Other undisclosed net loss(1)  (1)   
Net income (loss) attributable to parent:(82)4,7001,671104347(239)(119)
Other undisclosed net loss available to common stockholders, basic(33)      
Net income (loss) available to common stockholders, diluted:(115)4,7001,671104347(239)(119)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(82)4,7001,671104347(239)(119)
Other comprehensive income (loss)(63)23791(59)(87)(56)38
Other undisclosed comprehensive loss  (1)    
Comprehensive income (loss), net of tax, attributable to parent:(145)4,9371,76145260(295)(81)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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