|
|
|
|
2002 SECOND QUARTER REPORT
Consolidated Statements of Cash Flows
(Unaudited)
(in Thousands)
|
Period
Ended
|
|
June
30,
|
|
|
|
|
|
|
2002 |
2001 |
| Cash Flows from Operating Activities: |
|
|
| Net income |
$ 6,604 |
$ 37,300 |
| Non-cash revenue and expense
items |
25,132 |
48,736 |
| Net change in operating assets
and liabilities |
3,850 |
9,993 |
|
------------- |
------------- |
| Net
Cash Provided by Operating Activities |
35,586 |
96,029 |
|
------------- |
------------- |
| Cash Flows from Investing Activities: |
| Additions to property and
equipment |
(102,632) |
(161,624) |
| Proceeds from the sale of property
and equipment |
9,594 |
2,940 |
| Net cash
distributed
as operator of oil and gas properties |
(6,750) |
(16,671) |
| Net cash received (distributed) as
operator of partnerships and joint ventures |
(17,419) |
2,087 |
| Other |
195 |
(72) |
|
------------- |
------------- |
| Net
Cash Used in Investing Activities |
(117,012) |
(173,340) |
|
------------- |
------------- |
| Cash Flows from Financing Activities: |
| Proceeds from
long-term debt |
200,000 |
--- |
| Net proceeds from
(payments of) bank borrowings |
(134,000) |
76,100 |
| Net proceeds from issuance of
common stock |
31,249 |
1,321 |
| Payments of debt
issuance costs |
(6,166) |
--- |
|
------------- |
------------- |
| Net
Cash Provided by Financing Activities |
91,083 |
77,421 |
|
------------- |
------------- |
| Net Increase in Cash and Cash Equivalents |
$ 9,657 |
$
110 |
| Cash and Cash Equivalents at Beginning of Period |
2,149 |
1,987 |
|
------------- |
------------- |
| Cash and Cash Equivalents at End of Period |
$ 11,806 |
$ 2,097 |
|
======== |
======== |
This page was last updated on Saturday, February 08, 2003, at 07:45:52 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.
|
