Swift Energy Company: 1995 Form 10-K, Consolidated Statements of Cash Flows

	Year ended December 31,

	1995	1994	1993
	-------------	-------------	-------------
Cash Flows from Operating Activities:
Net income (loss)	$ 4,912,512	$ (13,047,027)	$ 4,896,253
Adjustments to reconcile net income to net cash provided
by operating activities --
Depreciation, depletion, and amortization	8,838,657	7,904,801	7,300,967
Deferred income taxes	2,326,162	963,324	1,199,057
Earned interests from limited partnerships and
joint ventures	--	--	(3,308,623)
Deferred revenue amortization related to
production payment	(1,787,974)	(1,993,863)	(2,304,080)
Cumulative effect of change in accounting principle	--	16,772,698	--
Other	112,890	105,180	49,865
Change in assets and liabilities--
Increase in accounts receivable	(488,599)	(762,789)	(412,960)
Increase in accounts payable and accrued
liabilities, excluding income taxes payable	1,074,532	142,883	110,324
Increase (decrease) in income taxes payable	(611,717)	309,307	(292,463)
	--------------	--------------	--------------
Net Cash Provided by Operating Activities	14,376,463	10,394,514	7,238,340
	--------------	--------------	--------------

Cash Flows from Investing Activities:
Additions to property and equipment	(40,032,944)	(34,531,180)	(24,229,103)
Proceeds from the sale of property and equipment	230,242	861,073	157,972
Net cash received (distributed) as operator
of oil and gas properties	7,662,419	(229,351)	(2,556,483)
Property acquisition costs (incurred on behalf of)
reimbursed by partnerships and joint ventures	5,316,693	(1,408,031)	(10,252,142)
Limited partnership formation and marketing costs	--	--	(103,871)
Prepaid drilling costs	--	--	(1,100,076)
Other	(41,181)	(25,320)	(98,437)
	--------------	--------------	--------------
Net Cash Provided by (Used in) Investing Activities	(26,864,771)	(35,332,809)	(38,182,140)
	--------------	--------------	--------------

Cash Flows from Financing Activities:
Proceeds from long-term debt	--	--	28,750,000
Net proceeds from (payments of) short-term bank borrowings	(27,229,000)	24,579,000	2,650,000
Net proceeds from issuances of common stock	46,306,322	708,444	288,175
Payments of debt issuance costs	--	--	(1,425,000)
	--------------	--------------	--------------
Net Cash Provided by Financing Activities	19,077,322	25,287,444	30,263,175
	--------------	--------------	--------------
Net Increase (Decrease) in Cash and Cash Equivalents	$ 6,589,014	$ 349,149	$ (680,625)

Cash and Cash Equivalents at Beginning of Year	985,498	636,349	1,316,974
	--------------	--------------	--------------
Cash and Cash Equivalents at End of Year	$ 7,574,512	$ 985,498	$ 636,349
	===========	===========	===========

Supplemental Disclosures of Cash Flow Information:

Cash paid during year for interest, net of amounts capitalized	$ 68,097	$ 1,691,400	$ 605,063
Cash paid during year for income taxes	$ 277,580	$ 97,200	$ 756,761

FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 1995

Consolidated Statements of Cash Flows

Swift Energy Company and Subsidiaries

Go to...