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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 641,427 $ 770,882 $ 1,927,558 $ 2,147,982
Expenses        
Total expenses 541,866 674,227 1,696,739 1,900,756
Operating income (loss)        
Total operating income 99,561 96,655 230,819 247,226
Allowance for equity funds used during construction 2,347 3,250 6,556 9,335
Retirement defined benefits expense—other than service costs (1,102) (648) (2,970) (2,172)
Interest expense, net—other than on deposit liabilities and other bank borrowings (22,086) (22,425) (66,474) (69,081)
Allowance for borrowed funds used during construction 801 1,208 2,241 3,465
Gain on sale of investment securities, net 0 653 9,275 653
Income before income taxes 79,521 78,693 179,447 189,426
Income taxes 14,018 14,803 30,691 36,390
Net income 65,503 63,890 148,756 153,036
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock $ 65,032 $ 63,419 $ 147,339 $ 151,619
Basic earnings per common share (in dollars per share) $ 0.60 $ 0.58 $ 1.35 $ 1.39
Diluted earnings per common share (in dollars per share) $ 0.59 $ 0.58 $ 1.35 $ 1.39
Weighted-average number of common shares outstanding (in shares) 109,181 108,973 109,126 108,941
Net effect of potentially dilutive shares (in shares) 155 390 261 437
Weighted-average shares assuming dilution (in shares) 109,336 109,363 109,387 109,378
Electric utility        
Revenues        
Total revenues $ 562,568 $ 688,330 $ 1,694,225 $ 1,900,609
Expenses        
Total expenses 474,050 616,537 1,493,948 1,716,562
Operating income (loss)        
Total operating income 88,518 71,793 200,277 184,047
Income before income taxes 74,398 58,099 157,111 140,775
Income taxes 13,835 10,822 29,316 27,800
Net income 60,563 47,277 127,795 112,975
Preferred stock dividends of subsidiaries 498 498 1,496 1,496
Net income for common stock 60,065 46,779 126,299 111,479
Bank        
Revenues        
Total revenues 78,644 82,548 233,096 247,287
Expenses        
Total expenses 63,144 54,240 189,700 171,605
Operating income (loss)        
Total operating income 15,500 28,308 43,396 75,682
Income before income taxes 15,027 29,157 51,330 76,611
Income taxes 2,877 6,269 9,405 15,868
Net income 12,150 22,888 41,925 60,743
Preferred stock dividends of subsidiaries 0 0 0 0
Net income for common stock 12,150 22,888 41,925 60,743
Other        
Revenues        
Total revenues 215 4 237 86
Expenses        
Total expenses 4,672 3,450 13,091 12,589
Operating income (loss)        
Total operating income (4,457) (3,446) (12,854) (12,503)
Income before income taxes (9,904) (8,563) (28,994) (27,960)
Income taxes (2,694) (2,288) (8,030) (7,278)
Net income (7,210) (6,275) (20,964) (20,682)
Preferred stock dividends of subsidiaries (27) (27) (79) (79)
Net income for common stock (7,183) (6,248) (20,885) (20,603)
Hawaiian Electric Company, Inc. and Subsidiaries        
Revenues        
Total revenues 562,568 688,330 1,694,225 1,900,609
Expenses        
Fuel oil 105,042 199,093 390,714 541,322
Purchased power 149,025 175,037 425,679 472,336
Other operation and maintenance 111,243 124,415 348,831 361,805
Depreciation 55,689 53,935 167,235 161,795
Taxes, other than income taxes 53,051 64,057 161,489 179,304
Total expenses 474,050 616,537 1,493,948 1,716,562
Operating income (loss)        
Total operating income 88,518 71,793 200,277 184,047
Allowance for equity funds used during construction 2,347 3,250 6,556 9,335
Retirement defined benefits expense—other than service costs (432) (723) (1,195) (2,127)
Interest expense and other charges, net 16,836 17,429 50,768 53,945
Allowance for borrowed funds used during construction 801 1,208 2,241 3,465
Income before income taxes 74,398 58,099 157,111 140,775
Income taxes 13,835 10,822 29,316 27,800
Net income 60,563 47,277 127,795 112,975
Preferred stock dividends of subsidiaries 228 228 686 686
Net income attributable to Hawaiian Electric 60,335 47,049 127,109 112,289
Preferred stock dividends of Hawaiian Electric 270 270 810 810
Net income for common stock $ 60,065 $ 46,779 $ 126,299 $ 111,479