HEI Exhibit 11
 
Hawaiian Electric Industries, Inc.
COMPUTATION OF EARNINGS PER SHARE
OF COMMON STOCK
Years ended December 31, 2019, 2018, 2017, 2016 and 2015
 
(in thousands,
 except per share amounts)
 
2019

 
2018

 
2017

 
2016

 
2015

Net income for common stock
 
$
217,882

 
$
201,774

 
$
165,297

 
$
248,256

 
$
159,877

Weighted-average number of common shares outstanding
 
108,949

 
108,855

 
108,749

 
108,102

 
106,418

Adjusted weighted-average number of common shares outstanding
 
109,407

 
109,146

 
108,933

 
108,309

 
106,721

Basic earnings per common share
 
$
2.00

 
$
1.85

 
$
1.52

 
$
2.30

 
$
1.50

Diluted earnings per common share
 
$
1.99

 
$
1.85

 
$
1.52

 
$
2.29

 
$
1.50