FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2005


Consolidated Statements of Stockholders' Equity

Swift Energy Company and Subsidiaries


Accumulated
Additional Other
Common Paid-in Treasury Unearned Retained Comprehensive
Stock (1) Capital Stock Compensation Earnings Income (Loss) Total
----------------- ----------------- ----------------- ----------------- ----------------- ----------------- -----------------
Balance, December 31, 2002

$278,116

$333,543,471

$(8,749,922)

$---

$40,179,572

$(178,053)

$365,073,184

  Stock issued for benefit plans (83,201 shares)

1

(408,178)

1,191,829

----

---

----

783,652

  Stock options exercised (142,807 shares)

1,428

1,158,984

----

----

----

----

1,160,412

  Tax benefits from exercise of stock options

----

156,980

----

----

----

----

156,980

  Employee stock purchase plan (56,574 shares)

566

413,947

----

----

----

----

414,513

Comprehensive income:
  Net income

----

----

----

----

29,893,812

----

29,893,812

  Change in fair value of cash flow hedges, net of income tax

----

----

----

----

----

(91,289)

(91,289)

                         

----------------------

  Total comprehensive income

----

----

----

----

----

----

29,802,523

----------------- ----------------- ----------------- ----------------- ----------------- ----------------- -----------------
Balance, December 31, 2003

$280,111

$334,865,204

$(7,558,093)

$--

$70,073,384

$(269,342)

$397,391,264

===========

===========

===========

===========

===========

===========

===========

  Stock issued for benefit plans (46,150 shares)

----

166,298

661,848

----

----

----

828,146

  Stock options exercised (509,105 shares)

5,091

4,260,882

----

----

----

----

4,265,973

  Tax benefits from exercise of stock options

----

1,956,555

----

----

----

----

1,956,555

  Employee stock purchase plan (50,418 shares)

504

502,097

----

----

----

----

502,601

  Grants of restricted stock (100,900 shares)

----

1,785,262

----

(1,785,262)

----

----

-

  Amortization of restricted stock compensation

----

----

----

56,677

----

----

56,677

Comprehensive income:
  Net income

----

----

----

----

68,450,917

----

68,450,917

  Change in fair value of cash flow hedges, net of income tax

----

---

----

----

----

720,007

720,007

----------------------

  Total comprehensive income

----

----

----

----

----

----

69,170,924

----------------- ----------------- ----------------- ----------------- ----------------- ----------------- -----------------
Balance, December 31, 2004

$285,706

$343,536,298

$(6,896,245)

$(1,728,585)

$138,524,301

$450,665

$474,172,140

===========

===========

===========

===========

===========

===========

===========

  Stock issued for benefit plans (31,424 shares)

----

435,134

450,659

----

----

----

885,793

  Stock options exercised (840,847 shares)

8,409

9,804,555

----

----

----

----

9,812,964

  Tax benefits from exercise of stock options

----

4,366,236

----

----

----

----

4,366,236

  Employee stock purchase plan (32,495 shares)

325

642,354

----

----

----

----

642,679

  Issuance of restricted stock (15,000 shares)

150

----

----

----

----

----

150

  Grants of restricted stock (158,500 shares)

----

6,668,608

----

(6,072,008)

----

----

596,600

  Forfeitures of restricted stock

----

(367,490)

----

367,490

----

----

-

  Amortization of restricted stock compensation

----

----

----

1,583,283

----

----

1,583,283

Comprehensive income:
  Net income

----

----

----

----

115,778,456

----

115,778,456

  Change in fair value of cash flow hedges, net of income tax

----

----

----

----

----

(520,134)

(520,134)

                         

-----------------

  Total comprehensive income

----

----

----

----

----

----

115,258,322

----------------- ----------------- ----------------- ----------------- ----------------- ----------------- -----------------
Balance, December 31, 2005

$294,590

$365,085,695

$(6,445,586)

$(5,849,820)

$254,302,757

$(69,469)

$607,318,167

===========

===========

===========

===========

===========

===========

===========

(1)$.01 par value.

See accompanying Notes to Consolidated Financial Statements.

 


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