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Consolidated Statements of Income - HECO (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Other income        
Allowance for equity funds used during construction $ 1,997 $ 1,317 $ 3,937 $ 2,561
Interest and other charges        
Allowance for borrowed funds used during construction (893) (553) (1,763) (1,073)
Net income 39,273 27,612 78,062 56,547
Preferred stock dividends of subsidiaries 473 473 946 946
Net income for common stock 38,800 27,139 77,116 55,601
Hawaiian Electric Company, Inc. and Subsidiaries
       
Operating revenues 787,685 727,652 1,535,623 1,371,953
Operating expenses        
Fuel oil 331,064 312,141 658,903 573,001
Purchased power 188,352 171,737 353,141 319,695
Other operation 64,516 67,388 126,365 132,919
Maintenance 31,235 31,276 61,273 60,472
Depreciation 36,133 36,258 72,615 72,690
Taxes, other than income taxes 76,304 67,152 147,299 127,147
Income taxes 18,574 11,160 35,939 22,770
Total operating expenses 746,178 697,112 1,455,535 1,308,694
Operating income 41,507 30,540 80,088 63,259
Other income        
Allowance for equity funds used during construction 1,997 1,317 3,937 2,561
Other, net 1,363 898 2,628 1,808
Total other income 3,360 2,215 6,565 4,369
Interest and other charges        
Interest on long-term debt 15,323 14,383 29,706 28,766
Amortization of net bond premium and expense 661 766 1,406 1,549
Other interest charges (credits) (99) 636 (370) 1,175
Allowance for borrowed funds used during construction (893) (553) (1,763) (1,073)
Total interest and other charges 14,992 15,232 28,979 30,417
Net income 29,875 17,523 57,674 37,211
Preferred stock dividends of subsidiaries 229 229 458 458
Net income attributable to HECO 29,646 17,294 57,216 36,753
Preferred stock dividends of HECO 270 270 540 540
Net income for common stock $ 29,376 $ 17,024 $ 56,676 $ 36,213