Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2011

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

	September 30, 2011
			Swift Energy
	Swift Energy		Operating,								Swift Energy
	Company		LLC		Other						Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries			Eliminations			Consolidated
ASSETS
Current assets	$	—	$	76,609	$	28		$	—		$	76,637
Property and equipment		—		1,835,609		—			—			1,835,609
Investment in subsidiaries (equity method)		971,493		—		886,009			(1,857,502	)		—
Other assets		—		12,222		85,455			(85,455	)		12,222
Total assets	$	971,493	$	1,924,440	$	971,492		$	(1,942,957	)	$	1,924,468
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	—	$	187,578	$	(1	)	$	—		$	187,577
Long-term liabilities		—		850,853		—			(85,455	)		765,398
Stockholders’ equity		971,493		886,009		971,493			(1,857,502	)		971,493
Total liabilities and stockholders’ equity	$	971,493	$	1,924,440	$	971,492		$	(1,942,957	)	$	1,924,468

	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

Condensed Consolidating Statements of Income

Condensed Consolidating Statements of Income

	Three Months Ended September 30, 2011
			Swift Energy
	Swift Energy		Operating,								Swift Energy
	Company		LLC		Other						Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries			Eliminations			Consolidated
Revenues	$	—	$	142,532	$	—		$	—		$	142,532
Expenses		—		115,137		—			—			115,137
Income before the following:		—		27,395		—			—			27,395
Equity in net earnings of subsidiaries		16,976		—		17,007			(33,983	)		—
Income from continuing operations, before income taxes		16,976		27,395		17,007			(33,983	)		27,395
Income tax provision		—		10,388		—			—			10,388
Income from continuing operations		16,976		17,007		17,007			(33,983	)		17,007
Income from discontinued operations, net of taxes		—		—		(31	)		—			(31	)
Net income	$	16,976	$	17,007	$	16,976		$	(33,983	)	$	16,976

	Nine months Ended September 30, 2011
			Swift Energy
	Swift Energy		Operating,							Swift Energy
	Company		LLC		Other					Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries		Eliminations			Consolidated
Revenues	$	—	$	444,038	$	—	$	—		$	444,038
Expenses		—		342,278		—		—			342,278
Income before the following:		—		101,760		—		—			101,760
Equity in net earnings of subsidiaries		78,185		—		63,938		(142,123	)		—
Income from continuing operations, before income taxes		78,185		101,760		63,938		(142,123	)		101,760
Income tax provision		—		37,822		—		—			37,822
Income from continuing operations		78,185		63,938		63,938		(142,123	)		63,938
Income from discontinued operations, net of taxes		—		—		14,247		—			14,247
Net income	$	78,185	$	63,938	$	78,185	$	(142,123	)	$	78,185

	Three Months Ended September 30, 2010
			Swift Energy
	Swift Energy		Operating,								Swift Energy
	Company		LLC		Other						Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries			Eliminations			Consolidated
Revenues	$	—	$	105,646	$	—		$	—		$	105,646
Expenses		—		90,591		—			—			90,591
Income before the following:		—		15,055		—			—			15,055
Equity in net earnings of subsidiaries		9,330		—		9,403			(18,733	)		—
Income from continuing operations, before income taxes		9,330		15,055		9,403			(18,733	)		15,055
Income tax provision		—		5,652		—			—			5,652
Income from continuing operations		9,330		9,403		9,403			(18,733	)		9,403
Loss from discontinued operations, net of taxes		—		—		(73	)		—			(73	)
Net income	$	9,330	$	9,403	$	9,330		$	(18,733	)	$	9,330

			Nine months Ended September 30, 2010
			Swift Energy
	Swift Energy		Operating,								Swift Energy
	Company		LLC		Other						Company
(in thousands)	(Issuer)		(Guarantor)		Subsidiaries			Eliminations			Consolidated
Revenues	$	—	$	322,392	$	—		$	—		$	322,392
Expenses		—		265,448		—			—			265,448
Income before the following:		—		56,944		—			—			56,944
Equity in net earnings of subsidiaries		35,994		—		36,156			(72,150	)		—
Income from continuing operations, before income taxes		35,994		56,944		36,156			(72,150	)		56,944
Income tax provision		—		20,788		—			—			20,788
Income from continuing operations		35,994		36,156		36,156			(72,150	)		36,156
Loss from discontinued operations, net of taxes		—		—		(162	)		—			(162	)
Net income	$	35,994	$	36,156	$	35,994		$	(72,150	)	$	35,994

Condensed Consolidating Statements of Cash Flow

Condensed Consolidating Statements of Cash Flows

	Nine months Ended September 30, 2011
			Swift Energy
	Swift Energy		Operating,									Swift Energy
	Company		LLC			Other						Company
(in thousands)	(Issuer)		(Guarantor)			Subsidiaries			Eliminations			Consolidated
Cash flow from operations	$	—	$	288,514		$	5		$	—		$	288,519
Cash flow from investing activities		—		(357,670	)		5,000			(5,000	)		(357,670	)
Cash flow from financing activities		—		(1,217	)		(5,000	)		5,000			(1,217	)
Net increase (decrease) in cash		—		(70,373	)		5			—			(70,368	)
Cash, beginning of period		—		86,346			21			—			86,367
Cash, end of period	$	—	$	15,973		$	26		$	—		$	15,999

	Nine months Ended September 30, 2010
			Swift Energy
	Swift Energy		Operating,									Swift Energy
	Company		LLC			Other						Company
(in thousands)	(Issuer)		(Guarantor)			Subsidiaries			Eliminations			Consolidated
Cash flow from operations	$	—	$	193,741		$	(29	)	$	—		$	193,712
Cash flow from investing activities		—		(223,246	)		5,000			(5,000	)		(223,246	)
Cash flow from financing activities		—		(3,427	)		(5,000	)		5,000			(3,427	)
Net decrease in cash		—		(32,932	)		(29	)		—			(32,961	)
Cash, beginning of period		—		38,405			64			—			38,469
Cash, end of period	$	—	$	5,473		$	35		$	—		$	5,508