(in thousands except per share and well amounts)
  
2008
    
2007
    
2006
    
2005
    
2004
  
                               
Total Revenues from Continuing Operations (1)
   $ 820,815     $ 654,121     $ 550,836     $ 354,365     $ 257,313  
                                         
Income (Loss) from Continuing Operations,  Before Income
                                        
Taxes and Change in Accounting Principle (1)
   $ (412,758 )   $ 244,556     $ 248,308     $ 156,129     $ 86,083  
                                         
Income (Loss) from Continuing Operations (1)
   $ (257,130 )   $ 152,588     $ 151,074     $ 97,880     $ 54,340  
                                         
Net Cash Provided by Operating Activities -
                                        
Continuing Operations
   $ 582,027     $ 442,282     $ 383,241     $ 236,791     $ 147,114  
                                         
Per Share and Share Data
                                        
Weighted Average Shares Outstanding(1)
     30,661       29,984       29,265       28,496       27,822  
Earnings per Share--Basic(1)
   $ (8.39 )   $ 5.09     $ 5.16     $ 3.43     $ 1.95  
Earnings per Share--Diluted(1)
   $ (8.39 )   $ 4.98     $ 5.03     $ 3.34     $ 1.92  
Shares Outstanding at Year-End
     30,869       30,179       29,743       29,010       28,090  
Book Value per Share at Year-End
   $ 19.47     $ 27.70     $ 26.83     $ 20.94     $ 16.88  
Market Price
                                        
High
   $ 67.03     $ 47.72     $ 51.84     $ 50.01     $ 30.34  
Low
   $ 15.30     $ 35.98     $ 35.48     $ 24.77     $ 15.90  
Year-End Close
   $ 16.81     $ 44.03     $ 44.81     $ 45.07     $ 28.94  
                                         
Assets
                                        
Current Assets
   $ 78,086     $ 199,950     $ 83,783     $ 110,199     $ 51,694  
Property & Equipment, Net of Accumulated
                                        
Depreciation, Depletion, and Amortization
   $ 1,431,447     $ 1,760,195     $ 1,239,722     $ 862,717     $ 731,868  
Total Assets
   $ 1,517,288     $ 1,969,051     $ 1,585,682     $ 1,204,413     $ 990,573  
                                         
Liabilities
                                        
Current Liabilities
   $ 153,499     $ 210,161     $ 145,471     $ 98,421     $ 68,618  
Long-Term Debt
   $ 580,700     $ 587,000     $ 381,400     $ 350,000     $ 357,500  
Total Liabilities
   $ 916,411     $ 1,132,997     $ 787,765     $ 597,094     $ 516,401  
                                         
Stockholders’ Equity
   $ 600,877     $ 836,054     $ 797,917     $ 607,318     $ 474,172  
                                         
Number of Domestic Employees
     334       298       272       236       203  
                                         
Domestic Producing Wells
                                        
Swift Operated
     1,168       1,091       926       854       798  
Outside Operated
     159       127       112       69       97  
Total Domestic Producing Wells
     1,327       1,218       1,038       923       895  
                                         
Domestic Wells Drilled (Gross)
     126       69       55       54       54  
                                         
Domestic Proved Reserves
                                        
Natural Gas (Bcf)
     292.4       343.8       269.7       225.3       237.9  
Oil, NGL, & Condensate (MMBbls)
     67.7       76.5       73.5       69.8       69.1  
Total Domestic Proved Reserves (MMBoe equivalent)
     116.4       133.8       118.4       107.3       108.8  
                                         
Domestic Production (MMBoe equivalent)
     10.0       10.6       9.4       7.2       7.0  
                                         
Domestic Average Sales Price (2)
                                        
Natural Gas (per Mcf)
   $ 8.54     $ 6.42     $ 6.44     $ 7.40     $ 5.74  
Natural Gas Liquids (per barrel)
   $ 57.15     $ 49.72     $ 38.70     $ 34.00     $ 24.84  
Oil (per barrel)
   $ 101.38     $ 71.92     $ 64.28     $ 53.45     $ 40.04  
Boe Equivalent
   $ 79.00     $ 61.49     $ 56,89     $ 49.61     $ 36.90  

 
     
(1) Amounts have been retroactively adjusted in all periods presented to give recognition to: (a) discontinued operations related to the sale of our New Zealand oil & gas assets, and (b) the conversion of production and reserves volumes to a Boe basis.

(2) These prices do not include the effects of our hedging activities which were recorded in “Price-risk management and other, net” on the accompanying statements of income. The hedge adjusted prices are detailed in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of this Form 10-K.

 

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