Boston Scientific Corp., current enterprise value calculation

Current share price (P)	$51.94
No. shares of common stock outstanding	1,437,698,101
US$ in millions
Common equity (market value)¹	74,674)
Add: Preferred stock, $0.01 par value (per books)	—)
Total equity	74,674)
Add: Current debt obligations (per books)	20)
Add: Long-term debt (per books)	8,915)
Total equity and debt	83,609)
Less: Cash and cash equivalents	928)
Enterprise value (EV)	82,681)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 51.94 × 1,437,698,101

Boston Scientific Corp., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$47.18	$43.71	$38.75	$39.91	$39.86
No. shares of common stock outstanding¹	1,434,780,104	1,426,724,712	1,417,165,707	1,396,195,349	1,385,961,926
US$ in millions
Common equity (market value)³	67,693)	62,362)	54,915)	55,722)	55,244)
Add: Preferred stock, $0.01 par value (book value)	—)	—)	—)	—)	—)
Total equity	67,693)	62,362)	54,915)	55,722)	55,244)
Add: Current debt obligations (book value)	20)	261)	13)	1,416)	2,253)
Add: Long-term debt (book value)	8,915)	8,804)	9,130)	8,592)	4,803)
Total equity and debt	76,628)	71,427)	64,058)	65,730)	62,300)
Less: Cash and cash equivalents	928)	1,925)	1,734)	217)	146)
Enterprise value (EV)	75,700)	69,502)	62,324)	65,513)	62,154)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Boston Scientific Corp. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 47.18 × 1,434,780,104

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Boston Scientific Corp. EV increased from 2020 to 2021 and from 2021 to 2022.

Boston Scientific Corp. (NYSE:BSX)

Enterprise Value (EV)