XML 31 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows (unaudited) - HECO - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 77,426 $ 67,830
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment 97,148 91,731
Other amortization 4,840 4,792
Deferred income taxes 21,738 (4,463)
Allowance for equity funds used during construction (3,736) (3,309)
Change in cash overdraft 0 193
Other 2,982 1,777
Changes in assets and liabilities    
Decrease (increase) in fuel oil stock 9,644 (2,362)
Increase in regulatory assets (11,752) (19,976)
Change in prepaid and accrued income taxes and revenue taxes 622 (4,390)
Increase in defined benefit pension and other postretirement benefit plans liability 95 218
Change in other assets and liabilities (18,878) (26,232)
Net cash provided by operating activities 225,460 168,372
Cash flows from investing activities    
Capital expenditures (203,631) (206,816)
Contributions in aid of construction 16,810 19,089
Other 1,106 3,819
Net cash used in investing activities (384,986) (291,775)
Cash flows from financing activities    
Common stock dividends (55,591) (65,140)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 12,922 5,571
Other 563 246
Net cash provided by financing activities 116,256 248,548
Net increase (decrease) in cash and cash equivalents (43,270) 125,145
Hawaiian Electric Company, Inc. and Subsidiaries    
Cash flows from operating activities    
Net income 62,222 60,713
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment 93,541 88,484
Other amortization 3,793 3,220
Deferred income taxes 32,118 33,320
Change in tax credits, net 5,004 4,461
Allowance for equity funds used during construction (3,736) (3,309)
Change in cash overdraft 0 193
Other (2,022) 1,777
Changes in assets and liabilities    
Decrease in accounts receivable 16,682 16,955
Decrease (increase) in accrued unbilled revenues (3,215) 27,930
Decrease (increase) in fuel oil stock 9,644 (2,362)
Increase in materials and supplies (2,482) (105)
Increase in regulatory assets (677) (19,976)
Decrease (increase) in accounts payable 23,427 (4,371)
Change in prepaid and accrued income taxes and revenue taxes (28,192) (63,613)
Increase in defined benefit pension and other postretirement benefit plans liability 237 221
Change in other assets and liabilities (12,220) (15,862)
Net cash provided by operating activities 194,124 127,676
Cash flows from investing activities    
Capital expenditures (197,332) (199,143)
Contributions in aid of construction 16,810 19,089
Other 331 511
Net cash used in investing activities (180,191) (179,543)
Cash flows from financing activities    
Common stock dividends (46,800) (45,203)
Preferred stock dividends of Hawaiian Electric and subsidiaries (998) (998)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 36,995 88,993
Other 0 (217)
Net cash provided by financing activities (10,803) 42,575
Net increase (decrease) in cash and cash equivalents 3,130 (9,292)
Cash and cash equivalents, beginning of period 24,449 13,762
Cash and cash equivalents, end of period $ 27,579 $ 4,470