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Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Mar. 31, 2015
Dec. 31, 2014
Utility plant, at cost    
Total property, plant and equipment, net $ 4,190,835 $ 4,148,774
Other long-term assets    
Total assets 11,273,447 11,185,142
Capitalization    
Retained earnings 296,680 296,654
Total shareholders’ equity 1,897,909 1,790,573
Cumulative preferred stock — not subject to mandatory redemption $ 0 $ 0
Commitments and contingencies
Current liabilities    
Interest and preferred dividends payable $ 25,225 $ 25,336
Deferred credits and other liabilities    
Deferred income taxes 640,778 633,570
Contributions in aid of construction 474,385 466,432
Total liabilities and shareholders’ equity 11,273,447 11,185,142
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility plant, at cost    
Land 52,022 52,299
Plant and equipment 6,066,523 6,009,482
Less accumulated depreciation (2,189,090) (2,175,510)
Construction in progress 164,851 158,616
Utility property, plant and equipment, net 4,094,306 4,044,887
Nonutility property, plant and equipment, less accumulated depreciation of $1,228 and $1,227 at respective dates 6,562 6,563
Total property, plant and equipment, net 4,100,868 4,051,450
Current assets    
Cash and cash equivalents [1] 8,120 13,762
Customer accounts receivable, net 124,995 158,484
Accrued unbilled revenues, net 109,494 137,374
Other accounts receivable, net 8,668 4,283
Fuel oil stock, at average cost 85,315 106,046
Materials and supplies, at average cost 58,607 57,250
Prepayments and other 43,355 66,383
Regulatory assets 102,745 71,421
Total current assets 541,299 615,003
Other long-term assets    
Regulatory assets 802,844 833,843
Unamortized debt expense 8,216 8,323
Other 82,273 81,838
Total other long-term assets 893,333 924,004
Total assets 5,535,500 5,590,457
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 15,805,327 shares) 105,388 105,388
Premium on capital stock 578,933 578,938
Retained earnings 1,002,046 997,773
Accumulated other comprehensive income, net of income taxes-retirement benefit plans 67 45
Total shareholders’ equity 1,686,434 1,682,144
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,206,546 1,206,546
Total capitalization $ 2,927,273 $ 2,922,983
Commitments and contingencies
Current liabilities    
Short-term borrowings from non-affiliates $ 30,000 $ 0
Accounts payable 138,509 163,934
Interest and preferred dividends payable 24,257 22,316
Taxes accrued 182,872 250,402
Regulatory liabilities 1,174 632
Other 65,989 65,146
Total current liabilities 442,801 502,430
Deferred credits and other liabilities    
Deferred income taxes 596,984 602,872
Regulatory liabilities 350,538 344,217
Unamortized tax credits 82,037 79,492
Defined benefit pension and other postretirement benefit plans liability 587,165 595,395
Other 74,317 76,636
Total deferred credits and other liabilities 1,691,041 1,698,612
Contributions in aid of construction 474,385 466,432
Total liabilities and shareholders’ equity $ 5,535,500 $ 5,590,457
[1] As restated - See Note 1, “Basis of presentation - Restatement of previously issued financial statements.”