|
|
|
|
1996 SECOND QUARTER REPORT
Consolidated Statements of Cash Flows
(Unaudited)
(In Thousands)
|
Six Months |
|
Ended June 30, |
|
----------------------------------- |
|
1996 |
1995 |
|
--------------- |
--------------- |
| Cash Flows from Operating Activities: |
| Net income |
$ 6,761 |
$ 1,256 |
| Non-cash revenue and expense
items |
8,842 |
3,454 |
| Net change in operating assets
and liabilities |
(699) |
100 |
|
------------- |
------------- |
| Net
Cash Provided by Operating Activities |
14,904 |
4,810 |
|
------------- |
------------- |
| Cash Flows from Investing Activities: |
| Additions to property and
equipment |
(29,968) |
(12,572) |
| Proceeds from the sale of
property and equipment |
1,052 |
-- |
| Net cash received (distributed)
as operator of oil and gas properties |
(16,412) |
(2,789) |
|
Property acquisition costs
(incurred on behalf of) reimbursed by
- partnerships and joint ventures
|
8,424 |
6,819 |
| Limited partnership formation
and marketing costs |
(848) |
-- |
| Prepaid drilling costs |
(120) |
(70) |
| Other |
(75) |
2 |
|
------------- |
------------- |
| Net
Cash Used in Investing Activities |
(37,947) |
(8,610) |
|
------------- |
------------- |
| Cash Flows from Financing Activities: |
| Net proceeds from bank
borrowings |
15,210 |
4,071 |
| Net proceeds from issuance of
common stock |
1,588 |
593 |
|
------------- |
------------- |
| Net
Cash Provided by Financing Activities |
16,798 |
4,664 |
|
------------- |
------------- |
| Net Increase (Decrease) in Cash and Cash Equivalents |
$ (6,245) |
$ 864 |
| Cash and Cash Equivalents at Beginning of Period |
7,574 |
985 |
|
------------- |
------------- |
| Cash and Cash Equivalents at End of Period |
$ 1,329 |
$ 1,849 |
|
------------- |
------------- |
| Supplemental disclosures of cash flow information: |
| Cash paid during period for interest, net of amounts
capitalized |
$ 234 |
$ 1,035 |
| Cash paid during period for income taxes |
$ 79 |
$ 50 |
This page was last updated on Saturday, February 08, 2003, at 07:45:45 PM.
Copyright © 1994-2008 by Swift Energy Company.
Click here to go to our home page or search
page.
Please note the terms of use for
the Swift Energy web site.
If you have comments or questions, see our feedback or
requests pages.
Contact Swift Energy Company Stockholder Relations through e-mail info@swiftenergy.com
or telephone (281) 874-2700.
|
