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v3.19.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Lease, Cost |
| HEI consolidated |  | Hawaiian Electric consolidated
Three months ended March 31, 2019 (in thousands) | Other leases | PPAs classified as leases | Total |  | Other leases | PPAs classified as leases | Total
Operating lease cost | $ | 2,684 |  | $ | 15,478 |  | $ | 18,162 |  |  | $ | 1,486 |  | $ | 15,478 |  | $ | 16,964 |
Variable lease cost | 2,804 |  | 41,280 |  | 44,084 |  |  | 2,086 |  | 41,280 |  | 43,366 |
Total lease cost | $ | 5,488 |  | $ | 56,758 |  | $ | 62,246 |  |  | $ | 3,572 |  | $ | 56,758 |  | $ | 60,330 |
Other information |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities—Operating cash flows from operating leases | $ | 2,586 |  | $ | 15,037 |  | $ | 17,623 |  |  | $ | 1,397 |  | $ | 15,037 |  | $ | 16,434 |
Weighted-average remaining lease term—operating leases (in years) | 6.7 |  | 3.5 |  | 4.0 |  |  | 5.0 |  | 3.5 |  | 3.6 |
Weighted-average discount rate—operating leases | 3.71 | % | 4.08 | % | 4.01 | % |  | 4.17 | % | 4.08 | % | 4.09 | %
Schedule of Annual Undiscounted Cash Flows on Operating Lease Liabilities | The following table summarizes the maturity of our operating lease liabilities as of March 31, 2019:
| HEI consolidated |  | Hawaiian Electric consolidated
(in millions) | Other leases | PPAs classified as leases | Total |  | Other leases | PPAs classified as leases | Total
2019 (remaining months) | $ | 8 |  | $ | 48 |  | $ | 56 |  |  | $ | 4 |  | $ | 48 |  | $ | 52 |
2020 | 10 |  | 63 |  | 73 |  |  | 6 |  | 63 |  | 69 |
2021 | 8 |  | 63 |  | 71 |  |  | 5 |  | 63 |  | 68 |
2022 | 5 |  | 42 |  | 47 |  |  | 2 |  | 42 |  | 44 |
2023 | 4 |  | — |  | 4 |  |  | 2 |  | — |  | 2 |
Thereafter | 11 |  | — |  | 11 |  |  | 3 |  | — |  | 3 |
Total lease payments | 46 |  | 216 |  | 262 |  |  | 22 |  | 216 |  | 238 |
Less: Imputed interest | (6 | ) | (15 | ) | (21 | ) |  | (2 | ) | (15 | ) | (17 | )
Total present value of lease payments | $ | 40 |  | $ | 201 |  | $ | 241 |  |  | $ | 20 |  | $ | 201 |  | $ | 221 |
The future minimum lease obligations under operating leases in effect as of December 31, 2018, having a term in excess of one year as determined prior to the adoption of ASC 842 are as follows:
| HEI consolidated |  | Hawaiian Electric consolidated
(in millions) | Other leases | PPAs classified as leases | Total |  | Other leases | PPAs classified as leases | Total
2019 | $ | 11 |  | $ | 63 |  | $ | 74 |  |  | $ | 6 |  | $ | 63 |  | $ | 69 |
2020 | 9 |  | 63 |  | 72 |  |  | 6 |  | 63 |  | 69 |
2021 | 8 |  | 63 |  | 71 |  |  | 5 |  | 63 |  | 68 |
2022 | 5 |  | 42 |  | 47 |  |  | 2 |  | 42 |  | 44 |
2023 | 4 |  | — |  | 4 |  |  | 2 |  | — |  | 2 |
Thereafter | 12 |  | — |  | 12 |  |  | 3 |  | — |  | 3 |
Total lease payments | $ | 49 |  | $ | 231 |  | $ | 280 |  |  | $ | 24 |  | $ | 231 |  | $ | 255 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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