|
|
|
Financial, Operating, & Investor Highlights for 1999
|
|
1999
|
|
1998
|
|
Annual
Change
|
|
|
-------------- |
|
-------------- |
|
--------- |
| Revenues |
|
$110,671,007 |
|
$82,469,221 |
|
34% |
| Oil and Gas Sales |
|
$108,898,696 |
|
$80,067,837 |
|
36% |
| Net Income Before Non-Cash Charge |
|
$19,286,574 |
|
$11,684,730 |
|
65% |
| Net Income (Loss) |
|
$19,286,574 |
|
$(48,225,204) |
|
NA |
| Earnings per Share Before Non-Cash Charge--Basic |
|
$1.07 |
|
$0.71 |
|
51% |
| Earnings (Loss) per Share--Basic |
|
$1.07 |
|
$(2.93) |
|
NA |
|
|
|
|
|
|
|
| Total Assets |
|
$454,299,414 |
|
$403,645,267 |
|
13% |
| Working Capital |
|
$16,535,403 |
|
$3,831,377 |
|
332% |
| Current Ratio |
|
1.49 |
|
1.12 |
|
33% |
| Long-Term Debt |
|
$239,068,423 |
|
$261,200,000 |
|
(8)% |
| Stockholders' Equity |
|
$170,404,117 |
|
$109,362,639 |
|
56% |
| Long-Term
Debt to Equity Ratio |
|
1.40 |
|
2.39 |
|
(41)% |
| Return
on Stockholders’ Equity |
|
14% |
|
--- |
|
NA |
|
|
|
|
|
|
|
| Net Cash Provided by Operating Activities |
|
$73,603,426 |
|
$54,249,017 |
|
36% |
|
|
|
|
|
|
|
| Weighted Average Shares Outstanding |
|
18,050,106 |
|
16,436,972 |
|
10% |
| Year-End Shares Outstanding |
|
20,823,729 |
|
16,291,242 |
|
28% |
| Market Price of Common Stock at Year-End |
|
$11.50 |
|
$7.38 |
|
56% |
| Number of Shareholders of Record |
|
488 |
|
565 |
|
(14)% |
| Number of Shareholders in Street Name |
|
6,103 |
|
6,100 |
|
--- |
|
|
|
|
|
|
|
| Natural Gas Production (Mcf) |
|
27,484,759 |
|
28,225,974 |
|
(3)% |
| Oil & Condensate Production (Bbls) |
|
2,564,924 |
|
1,800,676 |
|
42% |
| Total Oil and Natural Gas Production (Mcfe) |
|
42,874,303 |
|
39,030,030 |
|
10% |
|
|
|
|
|
|
|
| Average Natural Gas Prices Received ($/Mcf) |
|
$2.40 |
|
$2.08 |
|
15% |
| Average Oil & Condensate Prices Received ($/Bbl) |
|
$16.75 |
|
$11.86 |
|
41% |
|
|
|
|
|
|
|
| Proved Natural Gas Reserves (Mcf) |
|
329,959,749 |
|
352,400,835 |
|
(6)% |
| Proved Oil & Condensate Reserves (Bbls) |
|
20,806,263 |
|
13,957,925 |
|
49% |
| Total Proved Reserves (Mcfe) |
|
454,797,327 |
|
436,148,385 |
|
4% |
Present
Value of Proved Reserves
(discounted at 10%
per annum) |
|
$564,054,509 |
|
$340,785,005 |
|
66% |
|
|
|
|
|
|
|
| Number of Employees |
|
173 |
|
203 |
|
(15)% |
|
® are registered service marks of Swift Energy Company.