Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 FY2015 CEO 906 CERTIFICATION - BOSTON SCIENTIFIC CORP | exhibit321-201510xk.htm |
| EX-21 - EXHIBIT 21 - FY2015 LIST OF SUBSIDIARIES DATED FEB 12, 2016 - BOSTON SCIENTIFIC CORP | exhibit21-listofsubsidiari.htm |
| EX-31.2 - EXHIBIT 31.2 FY2015 CFO 302 CERTIFICATION - BOSTON SCIENTIFIC CORP | exhibit312-201510xk.htm |
| EX-31.1 - EXHIBIT 31.1 - FY2015 CEO 302 CERTIFICATION - BOSTON SCIENTIFIC CORP | exhibit311-201510xk.htm |
| EX-23 - EXHIBIT 23 - FY2015 AUDITOR CONSENT - BOSTON SCIENTIFIC CORP | exhibit23-eyconsent201510xk.htm |
| 10-K - 10-K - FY2015 - BOSTON SCIENTIFIC CORP | a2015form10-k.htm |
| EX-10.5 - EXHIBIT 10.5 - FIRST AMENDMENT TO APRIL 10 2015 REVOLVER, DATED OCTOBER 23, 2015 - BOSTON SCIENTIFIC CORP | ex105_bscfirstamendmenttor.htm |
| EX-32.2 - EXHIBIT 32.2 - FY2015 CFO 906 CERTIFICATION - BOSTON SCIENTIFIC CORP | exhibit322-201510xk.htm |
EXHIBIT 12
BOSTON SCIENTIFIC CORPORATION
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (unaudited)
Year Ended December 31, | |||||||||||||||
in millions | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||
Fixed charges | |||||||||||||||
Interest expense and amortization of debt issuance costs (a) | $ | 284 | $ | 216 | $ | 324 | $ | 261 | $ | 281 | |||||
Interest portion of rental expense | 25 | 25 | 25 | 27 | 18 | ||||||||||
Total fixed charges | $ | 309 | $ | 241 | $ | 349 | $ | 288 | $ | 299 | |||||
Earnings | |||||||||||||||
Income (loss) before income taxes | $ | (650 | ) | $ | (509 | ) | $ | (223 | ) | $ | (4,107 | ) | $ | 642 | |
Fixed charges, per above | 309 | 241 | 349 | 288 | 299 | ||||||||||
Total earnings (deficit), adjusted | $ | (341 | ) | $ | (268 | ) | $ | 126 | $ | (3,819 | ) | $ | 941 | ||
Ratio of earnings to fixed charges (b) | 0.36 | 3.15 | |||||||||||||
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 Codification™ Topic 740, Income Taxes.
b) Earnings were deficient by $341 million in 2015, $268 million in 2014 and $3.819 billion in 2012.
The ratio of earnings to fixed charges for the year ended December 31, 2015, is not necessarily indicative of results that may be expected in future years. The data above include certain charges (credits) recorded in conjunction with goodwill and intangible asset impairments, acquisitions, divestitures, restructuring-related activities, pension termination charges, debt extinguishment charges, amortization, and/or litigation-related charges. The ratios above should be read in conjunction with our consolidated financial statements, including the notes thereto, included in Item 8 of this Annual Report on Form 10-K.