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Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Total revenues $ 646,055 $ 717,176 $ 1,763,259 $ 1,978,950
Expenses        
Purchased power 158,000 161,000 413,000 446,000
Total expenses 540,613 620,081 1,503,511 1,739,619
Total operating income 105,442 97,095 259,748 239,331
Allowance for equity funds used during construction 2,274 2,057 6,010 5,366
Allowance for borrowed funds used during construction 854 737 2,276 1,918
Income taxes 51,592 29,516 96,203 70,406
Net income 127,613 51,144 205,039 118,974
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock 127,142 50,673 203,622 117,557
Hawaiian Electric Company, Inc. and Subsidiaries        
Total revenues 572,253 648,127 1,549,700 1,779,732
Expenses        
Fuel oil 128,624 195,633 334,263 518,670
Purchased power 157,750 160,518 412,667 445,809
Other operation and maintenance 94,789 103,653 298,260 306,519
Depreciation 46,759 44,356 140,300 132,840
Taxes, other than income taxes 54,519 61,310 148,386 169,440
Total expenses 482,441 565,470 1,333,876 1,573,278
Total operating income 89,812 82,657 215,824 206,454
Allowance for equity funds used during construction 2,274 2,057 6,010 5,366
Interest expense and other charges, net (17,323) (16,557) (49,734) (49,170)
Allowance for borrowed funds used during construction 854 737 2,276 1,918
Income before income taxes 75,617 68,894 174,376 164,568
Income taxes 28,145 25,390 64,682 60,351
Net income 47,472 43,504 109,694 104,217
Preferred stock dividends of subsidiaries 228 228 686 686
Net income attributable to Hawaiian Electric 47,244 43,276 109,008 103,531
Preferred stock dividends of Hawaiian Electric 270 270 810 810
Net income for common stock $ 46,974 $ 43,006 $ 108,198 $ 102,721