XML 29 R16.htm IDEA: XBRL DOCUMENT
v3.20.2

Revenues | 9 Months Ended
--- | ---
Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues Revenue from contracts with customers. The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:
|  | Three months ended September 30, 2020 |  | Nine months ended September 30, 2020
(in thousands) |  | Electric utility |  | Bank |  | Other |  | Total |  | Electric utility |  | Bank |  | Other |  | Total
Revenues from contracts with customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric energy sales - residential |  | $ | 191,321 |  |  | $ | — |  |  | $ | — |  |  | $ | 191,321 |  |  | $ | 569,177 |  |  | $ | — |  |  | $ | — |  |  | $ | 569,177 |
Electric energy sales - commercial |  | 171,156 |  |  | — |  |  | — |  |  | 171,156 |  |  | 528,135 |  |  | — |  |  | — |  |  | 528,135 |
Electric energy sales - large light and power |  | 176,200 |  |  | — |  |  | — |  |  | 176,200 |  |  | 568,887 |  |  | — |  |  | — |  |  | 568,887 |
Electric energy sales - other |  | 1,935 |  |  | — |  |  | — |  |  | 1,935 |  |  | 7,172 |  |  | — |  |  | — |  |  | 7,172 |
Bank fees |  | — |  |  | 9,589 |  |  | — |  |  | 9,589 |  |  | — |  |  | 28,356 |  |  | — |  |  | 28,356 |
Solar energy sales |  | — |  |  | — |  |  | 211 |  |  | 211 |  |  | — |  |  | — |  |  | 240 |  |  | 240 |
Total revenues from contracts with customers |  | 540,612 |  |  | 9,589 |  |  | 211 |  |  | 550,412 |  |  | 1,673,371 |  |  | 28,356 |  |  | 240 |  |  | 1,701,967 |
Revenues from other sources |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulatory revenue |  | 15,457 |  |  | — |  |  | — |  |  | 15,457 |  |  | 2,979 |  |  | — |  |  | — |  |  | 2,979 |
Bank interest and dividend income |  | — |  |  | 59,640 |  |  | — |  |  | 59,640 |  |  | — |  |  | 184,444 |  |  | — |  |  | 184,444 |
Other bank noninterest income |  | — |  |  | 9,415 |  |  | — |  |  | 9,415 |  |  | — |  |  | 20,296 |  |  | — |  |  | 20,296 |
Other |  | 6,499 |  |  | — |  |  | 4 |  |  | 6,503 |  |  | 17,875 |  |  | — |  |  | (3) |  |  | 17,872 |
Total revenues from other sources |  | 21,956 |  |  | 69,055 |  |  | 4 |  |  | 91,015 |  |  | 20,854 |  |  | 204,740 |  |  | (3) |  |  | 225,591 |
Total revenues |  | $ | 562,568 |  |  | $ | 78,644 |  |  | $ | 215 |  |  | $ | 641,427 |  |  | $ | 1,694,225 |  |  | $ | 233,096 |  |  | $ | 237 |  |  | $ | 1,927,558 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services/goods transferred at a point in time |  | $ | — |  |  | $ | 9,589 |  |  | $ | — |  |  | $ | 9,589 |  |  | $ | — |  |  | $ | 28,356 |  |  | $ | — |  |  | $ | 28,356 |
Services/goods transferred over time |  | 540,612 |  |  | — |  |  | 211 |  |  | 540,823 |  |  | 1,673,371 |  |  | — |  |  | 240 |  |  | 1,673,611 |
Total revenues from contracts with customers |  | $ | 540,612 |  |  | $ | 9,589 |  |  | $ | 211 |  |  | $ | 550,412 |  |  | $ | 1,673,371 |  |  | $ | 28,356 |  |  | $ | 240 |  |  | $ | 1,701,967 |
|  | Three months ended September 30, 2019 |  | Nine months ended September 30, 2019
(in thousands) |  | Electric utility |  | Bank |  | Other |  | Total |  | Electric utility |  | Bank |  | Other |  | Total
Revenues from contracts with customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Electric energy sales - residential |  | $ | 230,051 |  |  | $ | — |  |  | $ | — |  |  | $ | 230,051 |  |  | $ | 601,664 |  |  | $ | — |  |  | $ | — |  |  | $ | 601,664 |
Electric energy sales - commercial |  | 230,411 |  |  | — |  |  | — |  |  | 230,411 |  |  | 635,097 |  |  | — |  |  | — |  |  | 635,097 |
Electric energy sales - large light and power |  | 248,457 |  |  | — |  |  | — |  |  | 248,457 |  |  | 679,252 |  |  | — |  |  | — |  |  | 679,252 |
Electric energy sales - other |  | 4,081 |  |  | — |  |  | — |  |  | 4,081 |  |  | 11,933 |  |  | — |  |  | — |  |  | 11,933 |
Bank fees |  | — |  |  | 12,111 |  |  | — |  |  | 12,111 |  |  | — |  |  | 34,976 |  |  | — |  |  | 34,976 |
Total revenues from contracts with customers |  | 713,000 |  |  | 12,111 |  |  | — |  |  | 725,111 |  |  | 1,927,946 |  |  | 34,976 |  |  | — |  |  | 1,962,922 |
Revenues from other sources |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulatory revenue |  | (30,800) |  |  | — |  |  | — |  |  | (30,800) |  |  | (44,953) |  |  | — |  |  | — |  |  | (44,953) |
Bank interest and dividend income |  | — |  |  | 66,859 |  |  | — |  |  | 66,859 |  |  | — |  |  | 201,502 |  |  | — |  |  | 201,502 |
Other bank noninterest income |  | — |  |  | 3,578 |  |  | — |  |  | 3,578 |  |  | — |  |  | 10,809 |  |  | — |  |  | 10,809 |
Other |  | 6,130 |  |  | — |  |  | 4 |  |  | 6,134 |  |  | 17,616 |  |  | — |  |  | 86 |  |  | 17,702 |
Total revenues from other sources |  | (24,670) |  |  | 70,437 |  |  | 4 |  |  | 45,771 |  |  | (27,337) |  |  | 212,311 |  |  | 86 |  |  | 185,060 |
Total revenues |  | $ | 688,330 |  |  | $ | 82,548 |  |  | $ | 4 |  |  | $ | 770,882 |  |  | $ | 1,900,609 |  |  | $ | 247,287 |  |  | $ | 86 |  |  | $ | 2,147,982 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services/goods transferred at a point in time |  | $ | — |  |  | $ | 12,111 |  |  | $ | — |  |  | $ | 12,111 |  |  | $ | — |  |  | $ | 34,976 |  |  | $ | — |  |  | $ | 34,976 |
Services/goods transferred over time |  | 713,000 |  |  | — |  |  | — |  |  | 713,000 |  |  | 1,927,946 |  |  | — |  |  | — |  |  | 1,927,946 |
Total revenues from contracts with customers |  | $ | 713,000 |  |  | $ | 12,111 |  |  | $ | — |  |  | $ | 725,111 |  |  | $ | 1,927,946 |  |  | $ | 34,976 |  |  | $ | — |  |  | $ | 1,962,922 |
There are no material contract assets or liabilities associated with revenues from contracts with customers existing at the beginning of the period or as of September 30, 2020. Accounts receivable and unbilled revenues related to contracts with customers represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are disclosed as accounts receivable and unbilled revenues, net on HEI’s condensed consolidated balance sheets and customer accounts receivable, net and accrued unbilled revenues, net on Hawaiian Electric’s condensed consolidated balance sheets. As of September 30, 2020, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers. For ASB, fees are recognized when a transaction is completed.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration