Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2011


	June 30, 2011
			Swift Energy
	Swift Energy		Operating,							Swift Energy
	Company		LLC		Other					Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries		Eliminations			Consolidated

ASSETS
Current assets	$	—	$	100,538	$	58	$	—		$	100,596
Property and equipment		—		1,713,190		—		—			1,713,190
Investment in subsidiaries (equity method)		950,199		—		864,684		(1,814,883	)		—
Other assets		—		12,613		85,489		(85,489	)		12,613

Total assets	$	950,199	$	1,826,341	$	950,231	$	(1,900,372	)	$	1,826,399


LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	—	$	142,509	$	32	$	—		$	142,541
Long-term liabilities		—		819,148		—		(85,489	)		733,659
Stockholders’ equity		950,199		864,684		950,199		(1,814,883	)		950,199

Total liabilities and stockholders’ equity	$	950,199	$	1,826,341	$	950,231	$	(1,900,372	)	$	1,826,399


	December 31, 2010
			Swift Energy
	Swift Energy		Operating,							Swift Energy
	Company		LLC		Other					Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries		Eliminations			Consolidated

ASSETS
Current assets	$	—	$	158,335	$	23	$	—		$	158,358
Property and equipment		—		1,572,845		—		—			1,572,845
Investment in subsidiaries (equity method)		880,017		—		808,780		(1,688,797	)		—
Other assets		—		12,713		81,221		(81,221	)		12,713

Total assets	$	880,017	$	1,743,893	$	890,024	$	(1,770,018	)	$	1,743,916


LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	—	$	146,728	$	10,007	$	—		$	156,735
Long-term liabilities		—		788,385		—		(81,221	)		707,164
Stockholders’ equity		880,017		808,780		880,017		(1,688,797	)		880,017

Total liabilities and stockholders’ equity	$	880,017	$	1,743,893	$	890,024	$	(1,770,018	)	$	1,743,916


	Three Months Ended June 30, 2011
			Swift Energy
	Swift Energy		Operating,							Swift Energy
	Company		LLC		Other					Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries		Eliminations			Consolidated

Revenues	$	—	$	157,428	$	—	$	—		$	157,428
Expenses		—		115,556		—		—			115,556


Income before the following:		—		41,872		—		—			41,872
Equity in net earnings of subsidiaries		41,028		—		26,682		(67,710	)		—


Income from continuing operations, before income taxes		41,028		41,872		26,682		(67,710	)		41,872
Income tax provision		—		15,190		—		—			15,190


Income from continuing operations		41,028		26,682		26,682		(67,710	)		26,682
Income from discontinued operations, net of taxes		—		—		14,346		—			14,346


Net income	$	41,028	$	26,682	$	41,028	$	(67,710	)	$	41,028


	Six Months Ended June 30, 2011
			Swift Energy
	Swift Energy		Operating,							Swift Energy
	Company		LLC		Other					Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries		Eliminations			Consolidated

Revenues	$	—	$	301,506	$	—	$	—		$	301,506
Expenses		—		227,141		—		—			227,141


Income before the following:		—		74,365		—		—			74,365
Equity in net earnings of subsidiaries		61,209		—		46,931		(108,140	)		—


Income from continuing operations, before income taxes		61,209		74,365		46,931		(108,140	)		74,365
Income tax provision		—		27,434		—		—			27,434


Income from continuing operations		61,209		46,931		46,931		(108,140	)		46,931
Income from discontinued operations, net of taxes		—		—		14,278		—			14,278


Net income	$	61,209	$	46,931	$	61,209	$	(108,140	)	$	61,209


	Three Months Ended June 30, 2010
			Swift Energy
	Swift Energy		Operating,								Swift Energy
	Company		LLC		Other						Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries			Eliminations			Consolidated

Revenues	$	—	$	106,900	$	—		$	—		$	106,900
Expenses		—		87,832		—			—			87,832


Income before the following:		—		19,068		—			—			19,068
Equity in net earnings of subsidiaries		12,459		—		12,513			(24,972	)		—


Income from continuing operations, before income taxes		12,459		19,068		12,513			(24,972	)		19,068
Income tax provision		—		6,555		—			—			6,555


Income from continuing operations		12,459		12,513		12,513			(24,972	)		12,513
Loss from discontinued operations, net of taxes		—		—		(54	)		—			(54	)


Net income	$	12,459	$	12,513	$	12,459		$	(24,972	)	$	12,459


	Six months Ended June 30, 2010
			Swift Energy
	Swift Energy		Operating,								Swift Energy
	Company		LLC		Other						Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries			Eliminations			Consolidated

Revenues	$	—	$	216,746	$	—		$	—		$	216,746
Expenses		—		174,857		—			—			174,857


Income before the following:		—		41,889		—			—			41,889
Equity in net earnings of subsidiaries		26,664		—		26,753			(53,417	)		—


Income from continuing operations, before income taxes		26,664		41,889		26,753			(53,417	)		41,889
Income tax provision		—		15,136		—			—			15,136


Income from continuing operations		26,664		26,753		26,753			(53,417	)		26,753
Loss from discontinued operations, net of taxes		—		—		(89	)		—			(89	)


Net income	$	26,664	$	26,753	$	26,664		$	(53,417	)	$	26,664


	Six Months Ended June 30, 2011
			Swift Energy
	Swift Energy		Operating,									Swift Energy
	Company		LLC			Other						Company
(in thousands)	(Issuer)		(Guarantor)			Subsidiaries			Eliminations			Consolidated
Cash flow from operations	$	—	$	186,941		$	36		$	—		$	186,977
Cash flow from investing activities		—		(239,747	)		5,000			(5,000	)		(239,747	)
Cash flow from financing activities		—		(1,299	)		(5,000	)		5,000			(1,299	)


Net increase (decrease) in cash		—		(54,105	)		36			—			(54,069	)
Cash, beginning of period		—		86,346			21			—			86,367


Cash, end of period	$	—	$	32,241		$	57		$	—		$	32,298


	Six Months Ended June 30, 2010
			Swift Energy
	Swift Energy		Operating,									Swift Energy
	Company		LLC			Other						Company
(in thousands)	(Issuer)		(Guarantor)			Subsidiaries			Eliminations			Consolidated
Cash flow from operations	$	—	$	129,018		$	4		$	—		$	129,022
Cash flow from investing activities		—		(124,019	)		5,000			(5,000	)		(124,019	)
Cash flow from financing activities		—		12			(5,000	)		5,000			12


Net increase in cash		—		5,011			4			—			5,015
Cash, beginning of period		—		33,405			5,064			—			38,469


Cash, end of period	$	—	$	38,416		$	5,068		$	—		$	43,484