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Consolidated Statements of Income - HECO (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Total revenues $ 867,096 $ 829,168 $ 2,449,502 $ 2,405,967
Operating expenses        
Purchased power 193,000 195,000 546,000 527,000
Total expenses 775,994 741,130 2,187,819 2,168,897
Operating income 91,102 88,038 261,683 237,070
Allowance for equity funds used during construction 1,937 1,255 4,933 4,030
Allowance for borrowed funds used during construction 740 498 1,877 1,626
Income taxes 26,323 22,041 73,265 62,590
Net income 48,286 48,707 136,580 123,920
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock 47,815 48,236 135,163 122,503
Hawaiian Electric Company, Inc. and Subsidiaries
       
Total revenues 803,565 764,054 2,262,056 2,210,020
Operating expenses        
Fuel oil 309,432 283,360 865,989 877,738
Purchased power 192,882 194,861 546,121 526,669
Other operation and maintenance 108,313 104,513 295,483 300,723
Depreciation 41,594 38,995 124,790 115,865
Taxes, other than income taxes 75,188 72,472 212,783 209,076
Total expenses 727,409 694,201 2,045,166 2,030,071
Operating income 76,156 69,853 216,890 179,949
Allowance for equity funds used during construction 1,937 1,255 4,933 4,030
Interest expense and other charges, net (16,414) (15,033) (48,989) (43,960)
Allowance for borrowed funds used during construction 740 498 1,877 1,626
Income before income taxes 62,419 56,573 174,711 141,645
Income taxes 23,042 18,258 64,686 49,210
Net income 39,377 38,315 110,025 92,435
Preferred stock dividends of subsidiaries 228 228 686 686
Net income attributable to Hawaiian Electric 39,149 38,087 109,339 91,749
Preferred stock dividends of Hawaiian Electric 270 270 810 810
Net income for common stock $ 38,879 $ 37,817 $ 108,529 $ 90,939