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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 756,904 $ 641,427 $ 2,080,107 $ 1,927,558
Expenses        
Total expenses 659,588 541,866 1,782,904 1,696,739
Operating income (loss)        
Total operating income 97,316 99,561 297,203 230,819
Retirement defined benefits credit (expense)—other than service costs 1,058 (1,102) 4,709 (2,970)
Interest expense, net—other than on deposit liabilities and other bank borrowings (23,477) (22,086) (70,530) (66,474)
Allowance for borrowed funds used during construction 827 801 2,386 2,241
Allowance for equity funds used during construction 2,427 2,347 6,995 6,556
Gain on sale of investment securities, net 0 0 528 9,275
Income before income taxes 78,151 79,521 241,291 179,447
Income taxes 14,265 14,018 48,229 30,691
Net income 63,886 65,503 193,062 148,756
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock $ 63,415 $ 65,032 $ 191,645 $ 147,339
Basic earnings per common share (in dollars per share) $ 0.58 $ 0.60 $ 1.75 $ 1.35
Diluted earnings per common share (in dollars per share) $ 0.58 $ 0.59 $ 1.75 $ 1.35
Weighted-average number of common shares outstanding (in shares) 109,311 109,181 109,272 109,126
Net effect of potentially dilutive shares (in shares) 264 155 316 261
Weighted-average shares assuming dilution (in shares) 109,575 109,336 109,588 109,387
Electric utility        
Revenues        
Total revenues $ 679,499 $ 562,568 $ 1,846,242 $ 1,694,225
Expenses        
Total expenses 604,307 474,050 1,634,252 1,493,948
Operating income (loss)        
Total operating income 75,192 88,518 211,990 200,277
Income before income taxes 61,175 74,398 170,163 157,111
Income taxes 10,335 13,835 33,066 29,316
Net income 50,840 60,563 137,097 127,795
Preferred stock dividends of subsidiaries 498 498 1,496 1,496
Net income for common stock 50,342 60,065 135,601 126,299
Bank        
Revenues        
Total revenues 76,208 78,644 230,599 233,096
Expenses        
Total expenses 51,151 63,144 130,440 189,700
Operating income (loss)        
Total operating income 25,057 15,500 100,159 43,396
Income before income taxes 25,241 15,027 102,335 51,330
Income taxes 5,976 2,877 23,230 9,405
Net income 19,265 12,150 79,105 41,925
Preferred stock dividends of subsidiaries 0 0 0 0
Net income for common stock 19,265 12,150 79,105 41,925
Other        
Revenues        
Total revenues 1,197 215 3,266 237
Expenses        
Total expenses 4,130 4,672 18,212 13,091
Operating income (loss)        
Total operating income (2,933) (4,457) (14,946) (12,854)
Income before income taxes (8,265) (9,904) (31,207) (28,994)
Income taxes (2,046) (2,694) (8,067) (8,030)
Net income (6,219) (7,210) (23,140) (20,964)
Preferred stock dividends of subsidiaries (27) (27) (79) (79)
Net income for common stock (6,192) (7,183) (23,061) (20,885)
Hawaiian Electric Company, Inc. and Subsidiaries        
Revenues        
Total revenues 679,499 562,568 1,846,242 1,694,225
Expenses        
Fuel oil 180,682 105,042 447,245 390,714
Purchased power 185,759 149,025 490,520 425,679
Other operation and maintenance 116,468 111,243 349,180 348,831
Depreciation 57,386 55,689 172,122 167,235
Taxes, other than income taxes 64,012 53,051 175,185 161,489
Total expenses 604,307 474,050 1,634,252 1,493,948
Operating income (loss)        
Total operating income 75,192 88,518 211,990 200,277
Retirement defined benefits credit (expense)—other than service costs 877 (432) 2,918 (1,195)
Interest expense and other charges, net (18,148) (16,836) (54,126) (50,768)
Allowance for borrowed funds used during construction 827 801 2,386 2,241
Allowance for equity funds used during construction 2,427 2,347 6,995 6,556
Income before income taxes 61,175 74,398 170,163 157,111
Income taxes 10,335 13,835 33,066 29,316
Net income 50,840 60,563 137,097 127,795
Preferred stock dividends of subsidiaries 228 228 686 686
Net income attributable to Hawaiian Electric 50,612 60,335 136,411 127,109
Preferred stock dividends of Hawaiian Electric 270 270 810 810
Net income for common stock $ 50,342 $ 60,065 $ 135,601 $ 126,299