Boston Scientific's total expenses have grown from $7.5 billion in 2014 to about $8.2 billion in 2018.
For 2020, we expect total expenses to be around $10.5 billion, which comprises of
1) COGS: $3.4 Billion
2) Operating Expenses: $6.6 billion
2) Non-Operating Expense: $0.1 billion
3) Income Taxes: $0.4 billion
Below, we take a look at how the company's key expense components have trended and the key reasons for the change.