Condensed Consolidating Financial Information

3 Months Ended

Mar. 31, 2012

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

(9) Condensed Consolidating Financial Information

Swift Energy Company is the issuer and Swift Energy Operating, LLC (a wholly owned indirect subsidiary of Swift Energy Company) is a guarantor of our senior notes due 2017, 2020 and 2022. The guarantees on our senior notes due 2017, 2020 and 2022 are full and unconditional. The following is condensed consolidating financial information for Swift Energy Company, Swift Energy Operating, LLC, and other subsidiaries:

Condensed Consolidating Balance Sheets

		($1,992,999)		($1,992,999)		($1,992,999)		($1,992,999)			($1,992,999)
(in thousands)	March 31, 2012
	Swift  Energy Company (Issuer)		Swift Energy Operating, LLC (Guarantor)		Other Subsidiaries		Eliminations			Swift Energy Company Consolidated
ASSETS
Current assets	$	—	$	200,004	$	21	$	—		$	200,025
Property and equipment		—		1,987,848		—		—			1,987,848
Investment in subsidiaries (equity method)		1,005,643		—		920,195		(1,925,838	)		—
Other assets		—		15,752		85,429		(85,429	)		15,752
Total assets	$	1,005,643	$	2,203,604	$	1,005,645	($	2,011,267	)	$	2,203,625
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	—	$	192,675	$	2	$	—		$	192,677
Long-term liabilities		—		1,090,734		—		(85,429	)		1,005,305
Stockholders’ equity		1,005,643		920,195		1,005,643		(1,925,838	)		1,005,643
Total liabilities and stockholders’ equity	$	1,005,643	$	2,203,604	$	1,005,645	($	2,011,267	)	$	2,203,625

		($1,992,999)		($1,992,999)		($1,992,999)		($1,992,999)			($1,992,999)
(in thousands)	December 31, 2011
	Swift  Energy Company (Issuer)		Swift Energy Operating, LLC (Guarantor)		Other Subsidiaries		Eliminations			Swift Energy Company Consolidated
ASSETS
Current assets	$	—	$	328,130	$	21	$	—		$	328,151
Property and equipment		—		1,867,766		—		—			1,867,766
Investment in subsidiaries (equity method)		996,509		—		911,061		(1,907,570	)		—
Other assets		—		16,552		85,429		(85,429	)		16,552
Total assets	$	996,509	$	2,212,448	$	996,511	($	1,992,999	)	$	2,212,469
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	—	$	211,792	$	2	$	—		$	211,794
Long-term liabilities		—		1,089,595		—		(85,429	)		1,004,166
Stockholders’ equity		996,509		911,061		996,509		(1,907,570	)		996,509
Total liabilities and stockholders’ equity	$	996,509	$	2,212,448	$	996,511	($	1,992,999	)	$	2,212,469

Condensed Consolidating Statements of Income

(in thousands)	Three Months Ended March 31, 2012
	Swift  Energy Company (Issuer)		Swift Energy Operating, LLC (Guarantor)		Other Subsidiaries		Eliminations			Swift Energy Company Consolidated
Revenues	$	—	$	135,878	$	—	$	—		$	135,878
Expenses		—		129,996		—		—			129,996
Income before the following:		—		5,882		—		—			5,882
Equity in net earnings of subsidiaries		3,570		—		3,570		(7,140	)		—
Income from continuing operations, before income taxes		3,570		5,882		3,570		(7,140	)		5,882
Income tax provision		—		2,312		—		—			2,312
Net income	$	3,570	$	3,570	$	3,570	($	7,140	)	$	3,570
Total comprehensive income	$	3,831	$	3,831	$	—	($	3,831	)	$	3,831

(in thousands)	Three Months Ended March 31, 2011
	Swift  Energy Company (Issuer)		Swift Energy Operating, LLC (Guarantor)		Other Subsidiaries			Eliminations			Swift Energy Company Consolidated
Revenues	$	—	$	144,078	$	—		$	—		$	144,078
Expenses		—		111,585		—			—			111,585
Income before the following:		—		32,493		—			—			32,493
Equity in net earnings of subsidiaries		20,181		—		20,249			(40,430	)		—
Income from continuing operations, before income taxes		20,181		32,493		20,249			(40,430	)		32,493
Income tax provision		—		12,244		—			—			12,244
Income from continuing operations		20,181		20,249		20,249			(40,430	)		20,249
Loss from discontinued operations, net of taxes		—		—		(68	)		—			(68	)
Net income	$	20,181	$	20,249	$	20,181		($	40,430	)	$	20,181
Total comprehensive income	$	20,087	$	20,087	$	—		($	20,087	)	$	20,087

Condensed Consolidating Statements of Cash Flows

		(126,898)		(126,898)			(126,898)		(126,898)		(126,898)
(in thousands)	Three Months Ended March 31, 2012
	Swift  Energy Company (Issuer)		Swift Energy Operating, LLC (Guarantor)			Other Subsidiaries		Eliminations		Swift Energy Company Consolidated
Cash flow from operations	$	—	$	63,783		$	—	$	—	$	63,783
Cash flow from investing activities		—		(187,383	)		—		—		(187,383	)
Cash flow from financing activities		—		(1,307	)		—		—		(1,307	)
Net decrease in cash		—		(124,907	)		—		—		(124,907	)
Cash, beginning of period		—		251,677			19		—		251,696
Cash, end of period	$	—	$	126,770		$	19	$	—	$	126,789

		(126,898)		(126,898)			(126,898)			(126,898)			(126,898)
(in thousands)	Three Months Ended March 31, 2011
	Swift  Energy Company (Issuer)		Swift Energy Operating, LLC (Guarantor)			Other Subsidiaries			Eliminations			Swift Energy Company Consolidated
Cash flow from operations	$	—	$	61,716		$	99		$	—		$	61,815
Cash flow from investing activities		—		(126,898	)		5,000			(5,000	)		(126,898	)
Cash flow from financing activities		—		(1,520	)		(5,000	)		5,000			(1,520	)
Net increase (decrease) in cash		—		(66,702	)		99			—			(66,603	)
Cash, beginning of period		—		86,346			21			—			86,367
Cash, end of period	$	—	$	19,644		$	120		$	—		$	19,764