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

1994 THIRD QUARTER REPORT

Consolidated Statements of Cash Flows

(Unaudited)
(In Thousands)

	Periods Ended September 30,

	1994	1993
Cash Flows from Operating Activities:
Net income	$ 2,723	$3,650
Non-cash revenue and expense items	5,893	2,051
Net change in operating assets and liabilities	(124)	132
	-------------	-------------
Net Cash Provided by Operating Activities	8,492	5,833
	-------------	-------------
Cash Flows from Investing Activities:
Additions to property and equipment	(22,311)	(12,492)
Net cash received (distributed) as operator
of oil and gas properties	(1,435)	(4,714)
Property acquisition costs (incurred on behalf of)
reimbursed by partnerships and joint ventures	(12,462)	(6,017)
Limited partnership formation and marketing costs	(495)	---
Prepaid drilling costs	1,171	---
Other	(42)	(16)
	-------------	-------------
Net Cash Used in Investing Activities	(35,574)	(23,239)
	-------------	-------------
Cash Flows from Financing Activities:
Proceeds from long-term debt	---	28,750
Net proceeds from short-term bank borrowings	26,350	---
Net proceeds from issuance of common stock	572	278
Payments of debt issuance costs	---	(1,425)
	-------------	-------------
Net Cash Provided by Financing Activities	26,922	27,603
	-------------	-------------
Net Increase (Decrease) in Cash and Cash Equivalents	$(160)	$10,197
Cash and Cash Equivalents at Beginning of Period	636	1,317
	-------------	-------------
Cash and Cash Equivalents at End of Period	$476	$11,514
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This page was last updated on Saturday, February 08, 2003, at 07:45:44 PM.

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