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|
SWIFT ENERGY COMPANY 2007
ANNUAL REPORT
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Unless otherwise noted, information provided below relates solely to our
continuing operations located in the United States and excludes our discontinued
New Zealand operations.
Financial data in thousands except per-share amounts and ratios; prices
received exclude the effects of our hedging activities.
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|
2007
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|
2006
|
|
Percent
Change
|
| |
|
|
|
|
|
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| Revenues from Continuing Operations
|
|
$654,121 |
|
$550,836 |
|
19%
|
| Costs & Expenses
|
|
$409,565 |
|
$302,528 |
|
35%
|
| Income from Continuing Operations |
|
$152,588 |
|
$151,074 |
|
1% |
| |
|
|
|
|
|
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| Earnings per Share (Continuing Operations)–Basic
|
|
$5.09 |
|
$5.16 |
|
(1%) |
| Earnings per Share (Continuing
Operations)–Diluted
|
|
$4.98 |
|
$5.03 |
|
(1%)
|
| |
|
|
|
|
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| Total Assets
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$1,969,051 |
|
$1,585,682 |
|
24% |
| Working Capital
|
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$(10,211) |
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$(61,688) |
|
83% |
| Current Ratio
|
|
0.95
|
|
0.58 |
|
64% |
| Long-Term Debt
|
|
$587,000 |
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$381,400 |
|
54%
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| Stockholders' Equity |
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$836,054
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|
$797,917
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|
5% |
| Return
on Assets
(Income from Continuing Operations / Average Assets) |
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8.6%
|
|
10.8%
|
|
(20%) |
| Return
on Stockholders’ Equity
(Income from Continuing Operations / Average Equity)
|
|
18.7% |
|
21.5% |
|
(13%) |
| |
|
|
|
|
|
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| Cash Provided by Operating Activities–Continuing
Operations |
|
$442,282 |
|
$383,241 |
|
15% |
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|
|
|
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| Total Domestic Production (MBoe)
|
|
10,617 |
|
9,449
|
|
12% |
| Domestic Natural Gas Production (MMcf)
|
|
16,782 |
|
13,604 |
|
23% |
| Domestic Oil & Condensate Production (MBbls)
|
|
7,045 |
|
6,721 |
|
5% |
| Domestic Natural Gas Liquids Production (MBbls)
|
|
774 |
|
460 |
|
68% |
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|
|
|
|
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| Average Composite Prices Received ($/Boe)
|
|
$61.49 |
|
$56.89 |
|
8% |
| Average Natural Gas Prices Received ($/Mcf)
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|
$6.42
|
|
$6.44
|
|
— |
| Average Oil & Condensate Prices Received ($/Bbl)
|
|
$71.92 |
|
$64.28 |
|
12% |
| Average Natural Gas Liquids Prices Received
($/Bbl)
|
|
$49.72 |
|
$38.70 |
|
28% |
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|
|
|
|
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| Total Domestic Proved Reserves (MBoe)
|
|
133,781 |
|
118,408 |
|
13%
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| Domestic Proved Natural Gas Reserves (MMcf)
|
|
343,798 |
|
269,661 |
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27%
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| Domestic Proved Oil, NGL, & Condensate Reserves (MBbl)
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|
76,482 |
|
73,465 |
|
4% |
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|
|
|
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| Weighted Average Shares Outstanding
|
|
29,984 |
|
29,265 |
|
2% |
| Year-End Shares Outstanding |
|
30,179 |
|
29,743 |
|
1% |
| Number of Shareholders of Record |
|
231 |
|
252 |
|
(8%) |
| Number of Shareholders in Street Name
(estimated)
|
|
19,630 |
|
23,300 |
|
(16%) |
| Market Price of Common Stock at Year-End
|
|
$44.03 |
|
$44.81 |
|
(2%) |
| Price-Earnings
Ratio
(Year-End Stock Price / EPS (Continuing Operations)--Basic)
|
|
8.7 |
|
8.7 |
|
— |
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| Number of Domestic Employees |
|
298 |
|
272 |
|
10%
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® are registered service marks of Energy Company.
