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Exhibit 12.1
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UNAUDITED
BOSTON SCIENTIFIC CORPORATION
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In thousands)
Year Ended December 31,
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1997 1996 1995 1994 1993
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Fixed charges:
Interest expense $14,285 $11,518 $9,591 $8,378 $3,761
Capitalized interest 4,976
Debt issuance costs 65 501
Interest portion of rental expense 14,354 8,534 5,802 5,370 4,103
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Total fixed charges $33,680 $20,553 $15,393 $13,748 $7,864
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Earnings:
Income before income taxes and cumulative
effect of change in accounting $258,668 $303,330 $62,678 $219,703 $120,724
Fixed charges per above 33,680 20,553 15,393 13,748 7,864
LESS: capitalized interest 4,976
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Total earnings, as adjusted $287,372 $323,883 $78,071 $233,451 $128,588
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Ratio of earnings to fixed charges 8.53 15.76 5.07 16.98 16.35
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