Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - SILVERBOW RESOURCES, INC. | Financial_Report.xls |
| EX-23.1 - CONSENT OF H.J. GRUY AND ASSOCIATES, INC - SILVERBOW RESOURCES, INC. | a201310ka-exhibit231.htm |
| EX-21 - LIST OF SUBSIDIARIES OF SWIFT ENERGY COMPANY - SILVERBOW RESOURCES, INC. | a201310ka-exhibit21.htm |
| EX-23.2 - CONSENT OF ERNST AND YOUNG LLP - SILVERBOW RESOURCES, INC. | a201310ka-exhibit232.htm |
| EX-32 - CERTIFICATION OF CEO AND CFO (SECTION 906) - SILVERBOW RESOURCES, INC. | a201310ka-exhibit32.htm |
| EX-31.1 - CERTIFICATION OF CEO (SECTION 302) - SILVERBOW RESOURCES, INC. | a201310ka-exhibit311.htm |
| EX-99.1 - REPORT OF H.J. GRUY AND ASSOCIATES, INC - SILVERBOW RESOURCES, INC. | a201310ka-exhibit991.htm |
| EX-31.2 - CERTIFICATION OF CFO (SECTION 302) - SILVERBOW RESOURCES, INC. | a201310ka-exhibit312.htm |
| 10-K/A - 10-K/A - SILVERBOW RESOURCES, INC. | a2013-10ka.htm |
Exhibit 12 | |||||||||||||||
SWIFT ENERGY COMPANY | |||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES (in thousands) | |||||||||||||||
2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||
GROSS G&A | 69,987 | 73,932 | 87,789 | 89,663 | 88,818 | ||||||||||
NET G&A | 34,046 | 37,023 | 45,325 | 47,097 | 45,423 | ||||||||||
INTEREST EXPENSE, NET | 30,663 | 33,437 | 35,566 | 57,303 | 69,382 | ||||||||||
RENTAL & LEASE EXPENSE | 3,973 | 5,181 | 5,642 | 5,636 | 6,046 | ||||||||||
INCOME FROM CONTINUING OPERATIONS, BEFORE INCOME | |||||||||||||||
TAXES AND CHANGE IN ACCOUNTING PRINCIPLE | (64,338) | 72,225 | 131,125 | 37,773 | 198 | ||||||||||
CAPITALIZED INTEREST | 6,107 | 7,408 | 7,667 | 7,890 | 7,223 | ||||||||||
CALCULATED DATA | |||||||||||||||
EXPENSED OR NON-CAPITAL G&A (%) | 48.65 | % | 50.08 | % | 51.63 | % | 52.53 | % | 51.14 | % | |||||
NON-CAPITAL RENT EXPENSE | 1,933 | 2,594 | 2,913 | 2,960 | 3,092 | ||||||||||
1/3 NON-CAPITAL RENT EXPENSE | 644 | 865 | 971 | 987 | 1,031 | ||||||||||
FIXED CHARGES | 37,414 | 41,710 | 44,204 | 66,180 | 77,636 | ||||||||||
EARNINGS | (33,031) | 106,527 | 167,662 | 96,063 | 70,611 | ||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | --- | 2.55 | 3.79 | 1.45 | 0.91 | ||||||||||
Amount needed for a "break-even" ratio earnings | 70,445 | ||||||||||||||
For purposes of calculating the ratio of earnings to fixed charges, fixed charges include interest expense, capitalized interest, amortization of debt issuance costs and discounts, and that portion of non-capitalized rental expense deemed to be the equivalent of interest. Earnings represents income before income taxes and cumulative effect of change in accounting principle before interest expense, net, and that portion of rental expense deemed to be the equivalent of interest. Due to the non-cash charge incurred in the first quarter of 2009 caused by a write-down in the carrying value of oil and gas properties, 2009 earnings were insufficient by $70.4 million to cover fixed charges. | |||||||||||||||