Stock Analysis on Net

Boston Scientific Corp. (NYSE:BSX)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

Analysis of Revenues

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Revenues as Reported

Boston Scientific Corp., income statement, revenues

US$ in millions

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Endoscopy
Urology
Neuromodulation
MedSurg
Interventional Cardiology Therapies
Watchman
Cardiac Rhythm Management
Electrophysiology
Cardiology
Peripheral Interventions
Cardiovascular
Other
Net sales

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


The revenue data reflects diverse trends across various business segments over the five-year period.

Endoscopy
The segment shows a generally positive trend with revenue increasing from $1,762 million in 2018 to $2,221 million in 2022. There was a slight dip in 2020, likely influenced by external factors, followed by recovery and growth in subsequent years.
Urology
Revenue experienced moderate fluctuation, increasing from $1,245 million in 2018 to $1,413 million in 2019, declining in 2020 to $1,286 million, but then climbing steadily to reach $1,773 million in 2022, indicating strong growth post-2020.
Neuromodulation
Revenues rose from $779 million in 2018 to $873 million in 2019, dipped to $761 million in 2020, and then showed gradual growth to $917 million in 2022. The segment displays some volatility but an overall upward trajectory in the long term.
MedSurg
MedSurg experienced consistent growth with revenues advancing from $3,786 million in 2018 to $4,911 million in 2022, despite a slight decline in 2020. The segment presents a strong rebound and steady expansion thereafter.
Interventional Cardiology Therapies
This segment shows a decrease from $2,590 million in 2018 to $1,975 million in 2020, followed by moderate recovery to $2,228 million in 2022. The initial decline and partial rebound suggest challenges faced during the mid-period.
Watchman
Watchman revenue data is available from 2020 onward, showing rapid growth from $324 million in 2020 to $1,019 million in 2022. This notable increase highlights a strong emerging contribution to overall revenue.
Cardiac Rhythm Management
The segment remains relatively stable with minor fluctuations, moving from $1,951 million in 2018 to $2,100 million in 2022, although it experienced a decline in 2020 before recovering over the following years.
Electrophysiology
There is a consistent upward trend with revenue steadily increasing from $311 million in 2018 to $585 million in 2022, indicating solid growth momentum in this segment.
Cardiology
Cardiology shows a decline from $4,852 million in 2018 to $4,290 million in 2020, with a significant recovery thereafter, reaching $5,932 million in 2022. This suggests the segment overcame short-term setbacks and expanded robustly.
Peripheral Interventions
This segment exhibits continuous growth throughout the period, with revenues rising from $1,187 million in 2018 to $1,899 million in 2022, reflecting consistent demand and expansion.
Cardiovascular
Cardiovascular revenues declined from $6,039 million in 2018 to $5,867 million in 2020 but recovered strongly to $7,831 million in 2022, demonstrating resilience and solid growth after a challenging period.
Other
The category shows irregular performance, with revenue of $81 million in 2019, peaking at $219 million in 2020, dropping sharply to $13 million in 2021, and a negative value of -$60 million in 2022. This volatility may imply one-off items or restructuring effects impacting this category.
Net Sales
Overall net sales display a generally positive upward trend, increasing from $9,825 million in 2018 to $12,682 million in 2022. Despite a temporary downturn in 2020, the revenue base has expanded significantly over the five-year span.