Swift Energy Company: 2007 Form 10-K, Statements of Income

	Year Ended December 31,
	2007			2006		2005
Revenues:
Oil and gas sales	$	652,856		$	537,513	$	355,873
Price-risk management and other, net		1,265			13,323		(1,508	)

		654,121			550,836		354,365

Costs and Expenses:
General and administrative, net		34,182			27,634		18,866
Depreciation, depletion, and amortization		188,393			139,245		81,124
Accretion of asset retirement obligation		1,437			884		626
Lease operating cost		70,893			49,948		34,941
Severance and other taxes		73,813			61,235		37,806
Interest expense, net		28,082			23,582		24,873
Debt retirement cost		12,765			---		---

		409,565			302,528		198,236


Income from Continuing Operations Before Income Taxes		244,556			248,308		156,129

Provision for Income Taxes		91,968			97,234		58,249

Income from Continuing Operations		152,588			151,074		97,880

Income (Loss) from Discontinued Operations, net of taxes		(131,301	)		10,491		17,898

Net Income	$	21,287		$	161,565	$	115,778

Per Share Amounts-

Basic: Income from Continuing Operations	$	5.09		$	5.16	$	3.43
Income (Loss) from Discontinued Operations, net of taxes		(4.38	)		0.36		0.63
Net Income	$	0.71		$	5.52	$	4.06

Diluted: Income from Continuing Operations	$	4.98		$	5.03	$	3.34
Income (Loss) from Discontinued Operations, net of taxes		(4.29	)		0.35		0.61
Net Income	$	0.69		$	5.38	$	3.95

Weighted Average Shares Outstanding		29,984			29,265		28,496