|
|
|
SWIFT ENERGY COMPANY 2005
ANNUAL REPORT
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| |
|
2005
|
|
2004 |
|
Percent
Change
|
| |
|
|
|
|
|
|
| Revenues
|
|
$423,226,489 |
|
$310,276,774 |
|
36%
|
| Costs & Expenses
|
|
$244,786,938
|
|
$208,836,532
|
|
17%
|
| Net Income
|
|
$115,778,456 |
|
$68,450,917
|
|
69% |
| |
|
|
|
|
|
|
| Earnings per Share--Basic
|
|
$4.06 |
|
$2.46
|
|
65% |
| Earnings per Share--Diluted
|
|
$3.95 |
|
$2.41
|
|
64%
|
| |
|
|
|
|
|
|
| Total Assets
|
|
$1,204,412,622 |
|
$990,573,147 |
|
22% |
| Working Capital
|
|
$16,634,121 |
|
($14,232,295)
|
|
NA |
| Current Ratio
|
|
1.17
|
|
0.79
|
|
48%
|
| Long-Term Debt
|
|
$350,000,000 |
|
$357,500,000
|
|
(2%)
|
| Stockholders' Equity |
|
$607,318,167
|
|
$474,172,140 |
|
28% |
| Long-Term
Debt to Equity Ratio
|
|
0.58
|
|
0.75 |
|
(23%)
|
| Return
on Assets (Net Income / Average Assets)
|
|
10.5%
|
|
7.4% |
|
42% |
| Return
on Stockholders’ Equity (Net Income / Average Equity)
|
|
21.4%
|
|
15.7% |
|
36% |
| |
|
|
|
|
|
|
| Net Cash Provided by Operating Activities
|
|
$285,333,484 |
|
$182,582,887 |
|
56% |
| |
|
|
|
|
|
|
| Total Production (Mcfe)
|
|
59,589,526
|
|
58,318,502 |
|
2% |
| Natural Gas Production (Mcf)
|
|
23,609,242 |
|
23,741,726
|
|
(1%) |
| Oil & Condensate Production (Bbls)
|
|
5,158,962
|
|
4,722,329 |
|
9% |
| Natural Gas Liquids
Production (Bbls)
|
|
837,752 |
|
1,040,467 |
|
(19%) |
| |
|
|
|
|
|
|
| Average Composite Prices Received ($/Mcfe)
|
|
$7.11 |
|
$5.34 |
|
33% |
| Average Natural Gas Prices Received ($/Mcf)
|
|
$5.23
|
|
$4.12 |
|
27% |
| Average Oil & Condensate Prices Received ($/Bbl) |
|
$53.63
|
|
$40.24 |
|
33% |
| Average Natural Gas
Liquids Prices Received ($/Bbl)
|
|
$28.04 |
|
$22.52 |
|
25% |
| |
|
|
|
|
|
|
| Total Proved Reserves (Mcfe)
|
|
761,791,482 |
|
799,849,539 |
|
(5%)
|
| Proved Natural Gas Reserves (Mcf)
|
|
287,473,150 |
|
318,246,294 |
|
(10%)
|
| Proved Oil & Condensate Reserves
(Bbls)
|
|
64,946,534
|
|
65,655,041 |
|
(1%) |
| Proved Natural Gas Liquids
Reserves (Bbls)
|
|
14,106,522 |
|
14,612,167 |
|
(3%) |
| |
|
|
|
|
|
|
| Weighted Average Shares Outstanding
|
|
28,496,275 |
|
27,822,413 |
|
2% |
| Year-End Shares Outstanding |
|
29,009,530 |
|
28,089,764 |
|
3% |
| Number of Shareholders of Record |
|
258 |
|
298 |
|
(13%) |
| Number of Shareholders in Street Name
(est.)
|
|
5,826 |
|
5,752 |
|
1% |
| Market Price of Common Stock at Year-End
|
|
$45.07 |
|
$28.94 |
|
56% |
| Price-Earnings
Ratio (Year-End Stock Price/EPS-Basic)
|
|
11.1 |
|
11.8 |
|
(6%)
|
| |
|
|
|
|
|
|
| Number of Employees |
|
311 |
|
272 |
|
14%
|
|
® are registered service marks of Energy Company.
