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Consolidated Statements of Income - HECO (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues from external customers $ 783,749 $ 782,232
Operating expenses    
Purchased power 165,000 153,000
Total expenses 695,443 713,407
Operating income 88,306 68,825
Allowance for equity funds used during construction 1,609 1,215
Allowance for borrowed funds used during construction 614 730
Income taxes 24,673 17,887
Net income 46,400 34,152
Preferred stock dividends of subsidiaries 473 473
Net income for common stock 45,927 33,679
Hawaiian Electric Company, Inc. and Subsidiaries
   
Revenues from external customers 720,062 717,441
Operating expenses    
Fuel oil 286,300 305,100
Purchased power 164,916 153,364
Other operation and maintenance 88,606 101,813
Depreciation 41,603 38,280
Taxes, other than income taxes 67,971 67,763
Total expenses 649,396 666,320
Operating income 70,666 51,121
Allowance for equity funds used during construction 1,609 1,215
Interest expense and other charges, net (15,723) (14,519)
Allowance for borrowed funds used during construction 614 730
Income before income taxes 57,166 38,547
Income taxes 21,247 13,619
Net income 35,919 24,928
Preferred stock dividends of subsidiaries 229 229
Net income attributable to Hawaiian Electric 35,690 24,699
Preferred stock dividends of Hawaiian Electric 270 270
Net income for common stock $ 35,420 $ 24,429