Operating and Nonoperating Items in Boston Scientific's Income Statement EXHIBIT 3.6 For Year Ended December 31, S mllllons 2018 2017 2016 Net sale . Cost of products sold $9,823 $9,048 2,593 $8,386...


Operating and Nonoperating Items in Boston Scientific's Income Statement<br>EXHIBIT 3.6<br>For Year Ended December 31, S mllllons<br>2018<br>2017<br>2016<br>Net sale .<br>Cost of products sold<br>$9,823<br>$9,048<br>2,593<br>$8,386<br>2,424<br>2,813<br>Gross profit.<br>Operating expenses<br>Selllng, general and admlnIstratlve expenses.<br>Research and development expenses<br>Royalty expense<br>Amortlzatlon expense<br>Intanglble asset Impalrment charges<br>ContIngent conslderatlon expense (beneflt) .<br>RestructurIng charges.<br>LItigatlon-related charges<br>7,010<br>6,455<br>5,962<br>3,569<br>1,113<br>3,294<br>3,099<br>997<br>920<br>70<br>68<br>79<br>599<br>565<br>545<br>35<br>4<br>11<br>(21)<br>(80)<br>29<br>36<br>37<br>28<br>103<br>285<br>804<br>Operating expenses -<br>5,504<br>5,170<br>5,515<br>Operating income .<br>Other expense (income)<br>Interest expense<br>1,506<br>1,285<br>447<br>241<br>229<br>233<br>Other expense (income), net.<br>(156)<br>124<br>37<br>Income before income taxes<br>1,422<br>932<br>177<br>Income tax expense (benefit) .<br>(249)<br>828<br>(170)<br>Net income.<br>$1,671<br>$<br>104<br>$ 347<br>Calculate the operating expense margin ratio for 2016<br>

Extracted text: Operating and Nonoperating Items in Boston Scientific's Income Statement EXHIBIT 3.6 For Year Ended December 31, S mllllons 2018 2017 2016 Net sale . Cost of products sold $9,823 $9,048 2,593 $8,386 2,424 2,813 Gross profit. Operating expenses Selllng, general and admlnIstratlve expenses. Research and development expenses Royalty expense Amortlzatlon expense Intanglble asset Impalrment charges ContIngent conslderatlon expense (beneflt) . RestructurIng charges. LItigatlon-related charges 7,010 6,455 5,962 3,569 1,113 3,294 3,099 997 920 70 68 79 599 565 545 35 4 11 (21) (80) 29 36 37 28 103 285 804 Operating expenses - 5,504 5,170 5,515 Operating income . Other expense (income) Interest expense 1,506 1,285 447 241 229 233 Other expense (income), net. (156) 124 37 Income before income taxes 1,422 932 177 Income tax expense (benefit) . (249) 828 (170) Net income. $1,671 $ 104 $ 347 Calculate the operating expense margin ratio for 2016

Jun 11, 2022
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