Operating and Nonoperating Items in Boston Scientific's Income Statement EXHIBIT 3.6 For Year Ended December 31, S mllllons 2018 2017 2016 $9,823 2,813 $9,048 2,593 $8,386 2,424 Net sales Cost of...


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>$9,823<br>2,813<br>$9,048<br>2,593<br>$8,386<br>2,424<br>Net sales<br>Cost of products sold<br>Gross profit.<br>Operating expenses<br>Selllng, general and admlnlstratlve expenses.<br>Research and development expenses<br>Royalty expense<br>Amortlzatlon expense<br>Intanglble asset Impalrment charges.<br>ContIngent conslderatlon expense (beneflt)<br>Restructurlng charges.<br>Litigatlon-related charges<br>7,010<br>6,455<br>5,962<br>3,569<br>3,294<br>3,099<br>1,113<br>997<br>920<br>70<br>68<br>79<br>599<br>565<br>545<br>35<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>1,422<br>(249)<br>Income before income taxes<br>932<br>177<br>Income tax expense (benefit) .<br>828<br>(170)<br>Net income<br>$1,671<br>24<br>104<br>2$<br>347<br>Calculate the profit 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 $9,823 2,813 $9,048 2,593 $8,386 2,424 Net sales Cost of products sold Gross profit. Operating expenses Selllng, general and admlnlstratlve expenses. Research and development expenses Royalty expense Amortlzatlon expense Intanglble asset Impalrment charges. ContIngent conslderatlon expense (beneflt) Restructurlng charges. Litigatlon-related charges 7,010 6,455 5,962 3,569 3,294 3,099 1,113 997 920 70 68 79 599 565 545 35 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 1,422 (249) Income before income taxes 932 177 Income tax expense (benefit) . 828 (170) Net income $1,671 24 104 2$ 347 Calculate the profit margin ratio for 2016

Jun 11, 2022
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