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SWIFT ENERGY COMPANY 2000 ANNUAL REPORT
Financial, Operating, and Investor Highlights
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2000
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1999
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Percent
Change
|
|
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-------------- |
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-------------- |
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--------- |
Revenues |
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$191,624,946 |
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$110,671,007 |
|
73% |
Oil and Gas Sales |
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$189,138,947 |
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$108,898,696 |
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74% |
Net Income |
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$59,184,008 |
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$19,286,574 |
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207% |
Earnings per Share--Basic |
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$2.79 |
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$1.07 |
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161% |
Earnings per Share--Diluted |
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$2.51 |
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$1.07 |
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135% |
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Total Assets |
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$572,387,001 |
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$454,299,414 |
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26% |
Working Capital |
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$(22,451,892) |
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$16,535,403 |
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(236)% |
Current Ratio |
|
.65 |
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1.49 |
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(56)% |
Long-Term Debt |
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$134,729,485 |
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$239,068,423 |
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(44)% |
Stockholders' Equity |
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$332,154,155 |
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$170,404,117 |
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95% |
Long-Term
Debt to Equity Ratio |
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.41 |
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1.40 |
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(71)% |
Return
on Assets |
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12% |
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4% |
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200% |
Return
on Stockholders’ Equity
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24% |
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14% |
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71% |
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Net Cash Provided by Operating Activities |
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$128,197,227 |
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$73,603,426 |
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74% |
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Weighted Average Shares Outstanding |
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21,244,684 |
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18,050,106 |
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18% |
Year-End Shares Outstanding
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24,608,344
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20,823,729 |
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18% |
Market Price of Common Stock at Year-End |
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$37.63 |
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$11.50 |
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227% |
Price-Earnings Ratio of Common Stock (Year-End) |
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13.34 |
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10.75 |
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24% |
Number of Shareholders of Record |
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477 |
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488 |
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(2)% |
Number of Shareholders in Street Name |
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5,616 |
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6,103 |
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(8)% |
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Natural Gas Production (Mcf) |
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27,524,621 |
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27,484,759 |
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--- |
Oil & Condensate Production (Bbls) |
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2,472,014 |
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2,564,924 |
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(4)% |
Total Oil and Natural Gas Production (Mcfe) |
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42,356,705 |
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42,874,303 |
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(1)% |
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Average Natural Gas Prices Received ($/Mcf) |
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$4.24 |
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$2.40 |
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77% |
Average Oil & Condensate Prices Received ($/Bbl) |
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$29.35 |
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$16.75 |
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75% |
Average Composite Prices Received ($/Mcfe) |
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$4.47 |
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$2.54 |
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76% |
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Proved Natural Gas Reserves (Mcf) |
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418,613,976 |
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329,959,750 |
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27% |
Proved Oil & Condensate Reserves (Bbls) |
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35,133,596 |
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20,806,263 |
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69% |
Total Proved Reserves (Mcfe) |
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629,415,552 |
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454,797,327 |
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38% |
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Number of Employees |
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181 |
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173 |
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5% |
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® are registered service marks of Swift Energy Company.