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Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Total revenues $ 550,960 $ 637,862
Operating expenses    
Purchased power 116,000 136,000
Total expenses 482,109 568,356
Total operating income 68,851 69,506
Allowance for equity funds used during construction 1,739 1,413
Allowance for borrowed funds used during construction 662 499
Income taxes 18,301 19,979
Net income 32,825 32,339
Preferred stock dividends of subsidiaries 473 473
Net income for common stock 32,352 31,866
Hawaiian Electric Company, Inc. and Subsidiaries    
Total revenues 482,052 573,442
Operating expenses    
Fuel oil 113,740 176,806
Purchased power 115,859 136,007
Other operation and maintenance 103,908 104,002
Depreciation 46,781 44,243
Taxes, other than income taxes 46,438 54,748
Total expenses 426,726 515,806
Total operating income 55,326 57,636
Allowance for equity funds used during construction 1,739 1,413
Interest expense and other charges, net (17,308) (16,325)
Allowance for borrowed funds used during construction 662 499
Income before income taxes 40,419 43,223
Income taxes 14,553 15,850
Net income 25,866 27,373
Preferred stock dividends of subsidiaries 229 229
Net income attributable to Hawaiian Electric 25,637 27,144
Preferred stock dividends of Hawaiian Electric 270 270
Net income for common stock $ 25,367 $ 26,874