SWIFT ENERGY COMPANY 2007 ANNUAL REPORT
Selected Financial and Operating Data
(Financial data in thousands except per-share amounts)
2007 2006 2005 2004 2003 Total Revenues from Continuing Operations (1)$ 654,121 $ 550,836 $ 354,365 $ 257,313 $ 161,092 Income from Continuing Operations, Before Income Taxes and Change in Accounting Principle (1)$ 244,556 $ 248,308 $ 156,129 $ 86,083 $ 37,688 Income from Continuing Operations (1)$ 152,588 $ 151,074 $ 97,880 $ 54,340 $ 22,396 Net Cash Provided by Operating Activities - Continuing Operations$ 442,282 $ 383,241 $ 236,791 $ 147,114 $ 81,376 Per Share and Share Data Weighted Average Shares Outstanding(1)29,984 29,265 28,496 27,822 27,358 Earnings per Share--Basic(1)$ 5.09 $ 5.16 $ 3.43 $ 1.95 $ 0.82 Earnings per Share--Diluted(1)$ 4.98 $ 5.03 $ 3.34 $ 1.92 $ 0.81 Shares Outstanding at Year-End30,179 29,743 29,010 28,090 27,484 Book Value per Share at Year-End$ 27.70 $ 26.83 $ 20.94 $ 16.88 $ 14.46 Market Price High$ 47.72 $ 51.84 $ 50.01 $ 30.34 $ 18.00 Low$ 35.98 $ 35.48 $ 24.77 $ 15.90 $ 7.60 Year-End Close$ 44.03 $ 44.81 $ 45.07 $ 28.94 $ 16.85 Effect on Income from Continuing Operations and Earningsper Share From Changes in Accounting Principles (2) Cumulative Effect of Change in Accounting Principle (Net of Taxes)--- --- --- --- $ (4,145 ) Effect per Share—Basic--- --- --- --- $ (0.15 ) Effect per Share—Diluted--- --- --- --- $ (0.15 ) Assets Current Assets$ 199,950 $ 83,783 $ 110,199 $ 51,694 $ 31,398 Property & Equipment, Net of Accumulated Depreciation, Depletion, and Amortization$ 1,760,195 $ 1,239,722 $ 862,717 $ 731,868 $ 641,366 Total Assets$ 1,969,051 $ 1,585,682 $ 1,204,413 $ 990,573 $ 859,839 Liabilities Current Liabilities$ 210,161 $ 145,471 $ 98,421 $ 68,618 $ 69,353 Long-Term Debt$ 587,000 $ 381,400 $ 350,000 $ 357,500 $ 340,255 Total Liabilities$ 1,132,997 $ 787,765 $ 597,094 $ 516,401 $ 462,447 Stockholders’ Equity$ 836,054 $ 797,917 $ 607,318 $ 474,172 $ 397,391 Number of Domestic Employees298 272 236 203 183