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Leases (Tables) | 6 Months Ended
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Jun. 30, 2019
Leases [Abstract] |
Lease, Cost | Amounts related to the Company’s total lease cost and cash flows arising from lease transaction are as follows:
| HEI consolidated |  | Hawaiian Electric consolidated
Three months ended June 30, 2019 (in thousands) | Other leases | PPAs classified as leases | Total |  | Other leases | PPAs classified as leases | Total
Operating lease cost | $ | 3,056 |  | $ | 15,478 |  | $ | 18,534 |  |  | $ | 1,523 |  | $ | 15,478 |  | $ | 17,001 |
Variable lease cost | 3,396 |  | 43,985 |  | 47,381 |  |  | 2,764 |  | 43,985 |  | 46,749 |
Total lease cost | $ | 6,452 |  | $ | 59,463 |  | $ | 65,915 |  |  | $ | 4,287 |  | $ | 59,463 |  | $ | 63,750 |
Other information |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities—Operating cash flows from operating leases | $ | 2,593 |  | $ | 14,329 |  | $ | 16,922 |  |  | $ | 1,411 |  | $ | 14,329 |  | $ | 15,740 |
| HEI consolidated |  | Hawaiian Electric consolidated
Six months ended June 30, 2019 (in thousands) | Other leases | PPAs classified as leases | Total |  | Other leases | PPAs classified as leases | Total
Operating lease cost | $ | 5,740 |  | $ | 30,956 |  | $ | 36,696 |  |  | $ | 3,009 |  | $ | 30,956 |  | $ | 33,965 |
Variable lease cost | 6,200 |  | 85,265 |  | 91,465 |  |  | 4,850 |  | 85,265 |  | 90,115 |
Total lease cost | $ | 11,940 |  | $ | 116,221 |  | $ | 128,161 |  |  | $ | 7,859 |  | $ | 116,221 |  | $ | 124,080 |
Other information |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities—Operating cash flows from operating leases | $ | 5,179 |  | $ | 29,367 |  | $ | 34,546 |  |  | $ | 2,808 |  | $ | 29,367 |  | $ | 32,175 |
Weighted-average remaining lease term—operating leases (in years) | 6.6 |  | 3.3 |  | 3.8 |  |  | 4.8 |  | 3.3 |  | 3.4 |
Weighted-average discount rate—operating leases | 3.70 | % | 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 June 30, 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) | $ | 5 |  | $ | 32 |  | $ | 37 |  |  | $ | 3 |  | $ | 32 |  | $ | 35 |
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 |
2024 | 3 |  | — |  | 3 |  |  | 1 |  | — |  | 1 |
Thereafter | 8 |  | — |  | 8 |  |  | 2 |  | — |  | 2 |
Total lease payments | 43 |  | 200 |  | 243 |  |  | 21 |  | 200 |  | 221 |
Less: Imputed interest | (5 | ) | (12 | ) | (17 | ) |  | (2 | ) | (12 | ) | (14 | )
Total present value of lease payments | $ | 38 |  | $ | 188 |  | $ | 226 |  |  | $ | 19 |  | $ | 188 |  | $ | 207 |
Schedule of Future Minimum Rental Payments for Operating Leases Under 842 | 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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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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