Attached files
EXHIBIT 12
BOSTON SCIENTIFIC CORPORATION
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(unaudited)
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(unaudited)
| Year Ended December 31, | ||||||||||||||||||||
| (in millions) | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
Fixed charges |
||||||||||||||||||||
Interest expense and amortization of
debt issuance costs (a) |
$ | 407 | $ | 468 | $ | 570 | $ | 435 | $ | 90 | ||||||||||
Interest portion of rental expense |
20 | 18 | 14 | 16 | 13 | |||||||||||||||
Total fixed charges |
427 | 486 | 584 | 451 | 103 | |||||||||||||||
Earnings |
||||||||||||||||||||
(Loss) income before income taxes |
(1,308 | ) | (2,031 | ) | (569 | ) | (3,535 | ) | 891 | |||||||||||
Fixed charges, per above |
427 | 486 | 584 | 451 | 103 | |||||||||||||||
Total (deficit) earnings, adjusted |
$ | (881 | ) | $ | (1,545 | ) | $ | 15 | $ | (3,084 | ) | $ | 994 | |||||||
Ratio of earnings to fixed charges (b) |
0.03 | 9.65 | ||||||||||||||||||
| (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 $881 million in 2009, $1.545 billion in 2008, and $3.084 billion in 2006 |