Swift Energy Company 1994 First Quarter Report: Consolidated Statements of Cash Flows

1994 FIRST QUARTER REPORT

Consolidated Statements of Income

(Unaudited)
(In Thousands)

	Three Months Ended March 31,

	1994	1993
Cash Flows from Operating Activities:
Net income	$ 814	$988
Non-cash revenue and expense items	1,983	547
Net change in operating assets and liabilities	(117)	22
	-------------	-------------
Net Cash Provided by Operating Activities	2,680	1,557
	-------------	-------------
Cash Flows from Investing Activities:
Additions to property and equipment	(4,043)	(3,233)
Net cash received (distributed) as operator of oil and gas properties	1,264	(2,839)
Property acquisition costs (incurred on behalf of) reimbursed by
partnerships and joint ventures	(11,311)	(1,739)
Limited partnership formation and marketing costs	(382)	(270)
Prepaid drilling costs	780	---
Other	(7)	---
	-------------	-------------
Net Cash Used in Investing Activities	(13,699)	(8,081)
	-------------	-------------
Cash Flows from Financing Activities:
Net proceeds from (payments of) short-term bank borrowings	11,350	5,975
Net proceeds from issuance of common stock	8	109
	-------------	-------------
Net Cash Provided by (Used in) Financing Activities	11,358	6,084
	-------------	-------------
Net Increase (Decrease) in Cash and Cash Equivalents	$339	$(440)
Cash and Cash Equivalents at Beginning of Period	636	1,317
	-------------	-------------
Cash and Cash Equivalents at End of Period	$975	$877
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This page was last updated on Saturday, February 08, 2003, at 07:45:43 PM.

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