|
|
|
|
1994 THIRD QUARTER REPORT
Consolidated Statements of Income
(Unaudited)
(In Thousands Except Income Per Share)
|
Three Months |
|
Nine Months |
|
Ended September 30, |
|
Ended September 30, |
|
|
|
|
|
1994 |
1993 |
|
1994 |
1993 |
| Revenues: |
| Oil and gas sales |
$ 5,535 |
$ 4,074 |
|
$ 15,014 |
$ 11,562 |
| Earned interests
and fees from limited |
|
|
|
|
|
|
partnerships and joint ventures |
204 |
1,330 |
|
1,196 |
3,018 |
| Supervision fees |
947 |
940 |
|
2,842 |
2,736 |
| Interest income |
8 |
95 |
|
29 |
116 |
| Other, net |
269 |
165 |
|
776 |
509 |
|
------------- |
------------- |
|
------------- |
------------- |
|
6,963 |
6,604 |
|
19,857 |
17,941 |
|
------------- |
------------- |
|
------------- |
------------- |
| Costs and Expenses: |
| Oil and gas
production |
1,578 |
1,157 |
|
3,938 |
3,357 |
| General and
administrative, net |
1,352 |
1,326 |
|
3,769 |
3,927 |
| Depreciation,
depletion and amortization |
2,693 |
1,942 |
|
7,334 |
5,323 |
| Interest expense |
449 |
273 |
|
1,210 |
273 |
|
------------- |
------------- |
|
------------- |
------------- |
|
6,072 |
4,698 |
|
16,251 |
12,880 |
|
------------- |
------------- |
|
------------- |
------------- |
| Income Before Income Taxes |
891 |
1,906 |
|
3,606 |
5,061 |
| Provision for Income Taxes |
123 |
464 |
|
883 |
1,411 |
|
------------- |
------------- |
|
------------- |
------------- |
| Net Income |
$768 |
$1,442 |
|
$2,723 |
$3,650 |
|
------------- |
------------- |
|
------------- |
------------- |
| Per Share Amounts(1)-- |
| Primary |
$0.12 |
$0.22 |
|
$0.41 |
$0.55 |
| Fully diluted |
$0.12 |
$0.19 |
|
$0.40 |
$0.52 |
|
------------- |
------------- |
|
------------- |
------------- |
| Weighted Average Shares Outstanding(1) |
6,668 |
6,595 |
|
6,632 |
6,584 |
|
------------- |
------------- |
|
------------- |
------------- |
| (1)1993 Amounts restated to
reflect a September 1994, 10% stock dividend. |
This page was last updated on Saturday, February 08, 2003, at 07:45:44 PM.
Copyright © 1994-2008 by Swift Energy Company.
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