Swift Energy Company: 1999 Form 10-K, Statements of Income

	Year ended December 31,

	1999	1998	1997
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Revenues:
Oil and gas sales	$ 108,898,696	$ 80,067,837	$ 69,015,189
Fees from limited partnerships and joint ventures	229,749	333,940	745,856
Interest income	833,204	107,374	2,395,406
Other, net	709,358	1,960,070	2,555,729
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	110,671,007	82,469,221	74,712,180
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Costs and Expenses:
General and administrative, net of reimbursement	4,497,400	3,853,812	3,523,604
Depreciation, depletion, and amortization	42,348,901	39,343,187	24,247,142
Oil and gas production	19,645,740	13,138,980	8,778,876
Interest expense, net	14,442,815	8,752,195	5,032,952
Write-down of oil and gas properties	---	90,772,628	---
	---------------	---------------	---------------
	80,934,856	155,860,802	41,582,574
	---------------	---------------	---------------
Income (Loss) Before Income Taxes	29,736,151	(73,391,581)	33,129,606

Provision (Benefit) for Income Taxes	10,449,577	(25,166,377)	10,819,417
	---------------	---------------	---------------
Net Income (Loss)	$ 19,286,574	$ (48,225,204)	$ 22,310,189
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Per share amounts --
Basic	$1.07	$ (2.93)	$ 1.35
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Diluted	$ 1.07	$ (2.93)	$ 1.26
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Weighted Average Shares Outstanding	18,050,106	16,436,972	16,492,856
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