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Consolidated Statements of Income - HECO (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating expenses        
Purchased power $ 195,000 $ 187,000 $ 527,000 $ 540,000
Other income        
Allowance for equity funds used during construction 1,255 1,611 4,030 5,548
Interest and other charges        
Allowance for borrowed funds used during construction (498) (688) (1,626) (2,451)
Net income 48,707 48,177 123,920 126,239
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock 48,236 47,706 122,503 124,822
Hawaiian Electric Company, Inc. and Subsidiaries
       
Operating revenues 763,933 799,203 2,208,923 2,334,826
Operating expenses        
Fuel oil 283,360 327,173 877,738 986,076
Purchased power 194,861 186,699 526,669 539,840
Other operation 72,008 70,441 209,615 196,806
Maintenance 31,513 30,368 88,555 91,641
Depreciation 38,995 35,941 115,865 108,556
Taxes, other than income taxes 72,382 74,850 208,828 222,149
Income taxes 18,928 22,352 51,356 58,291
Total operating expenses 712,047 747,824 2,078,626 2,203,359
Operating income 51,886 51,379 130,297 131,467
Other income        
Allowance for equity funds used during construction 1,255 1,611 4,030 5,548
Other, net 1,099 1,087 4,351 3,810
Income tax expense (129) (42) (420) (137)
Total other income 2,225 2,656 7,961 9,221
Interest and other charges        
Interest on long-term debt 14,615 14,694 43,843 44,400
Amortization of net bond premium and expense 646 870 1,940 2,276
Other interest charges (credits) 1,033 286 1,666 (84)
Allowance for borrowed funds used during construction (498) (688) (1,626) (2,451)
Total interest and other charges 15,796 15,162 45,823 44,141
Net income 38,315 38,873 92,435 96,547
Preferred stock dividends of subsidiaries 228 228 686 686
Net income attributable to HECO 38,087 38,645 91,749 95,861
Preferred stock dividends of HECO 270 270 810 810
Net income for common stock $ 37,817 $ 38,375 $ 90,939 $ 95,051