EX-11 9 heiexhibit11201510k.htm EXHIBIT 11 Exhibit


HEI Exhibit 11
 
Hawaiian Electric Industries, Inc.
COMPUTATION OF EARNINGS PER SHARE
OF COMMON STOCK
Years ended December 31, 2015, 2014, 2013, 2012 and 2011
 
(in thousands,
 except per share amounts)
 
2015

 
2014

 
2013

 
2012

 
2011

Net income for common stock
 
$
159,877

 
$
168,129

 
$
161,709

 
$
138,705

 
$
137,808

Weighted-average number of common shares outstanding
 
106,418

 
101,968

 
98,968

 
96,908

 
95,510

Adjusted weighted-average number of common shares outstanding
 
106,721

 
102,937

 
99,623

 
97,338

 
95,820

Basic earnings per common share
 
$
1.50

 
$
1.65

 
$
1.63

 
$
1.43

 
$
1.44

Diluted earnings per common share
 
$
1.50

 
$
1.63

 
$
1.62

 
$
1.42

 
$
1.44