XML 54 R40.htm IDEA: XBRL DOCUMENT v3.21.2
Electric utility segment - Condensed consolidating statement of income (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Condensed Income Statements, Captions [Line Items]                
Revenues $ 756,904     $ 641,427     $ 2,080,107 $ 1,927,558
Expenses                
Total expenses 659,588     541,866     1,782,904 1,696,739
Total operating income 97,316     99,561     297,203 230,819
Allowance for equity funds used during construction 2,427     2,347     6,995 6,556
Retirement defined benefits credit (expense)—other than service costs 1,058     (1,102)     4,709 (2,970)
Allowance for borrowed funds used during construction 827     801     2,386 2,241
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 $ 63,872 $ 64,358 65,032 $ 48,887 $ 33,420 191,645 147,339
Consolidating adjustments                
Expenses                
Total expenses       0        
Hawaiian Electric Consolidated                
Condensed Income Statements, Captions [Line Items]                
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
Total operating income 75,192     88,518     211,990 200,277
Allowance for equity funds used during construction 2,427     2,347     6,995 6,556
Equity in earnings of subsidiaries 0     0     0 0
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
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 $ 41,901 $ 43,358 60,065 $ 42,329 $ 23,905 135,601 126,299
Hawaiian Electric Consolidated | Reportable Legal Entities | Hawaiian Electric Industries, Inc.                
Condensed Income Statements, Captions [Line Items]                
Revenues 478,046     398,877     1,301,297 1,200,677
Expenses                
Fuel oil 126,909     70,557     306,982 268,382
Purchased power 136,688     116,249     370,240 333,146
Other operation and maintenance 75,191     71,179     230,429 231,090
Depreciation 38,912     37,853     116,733 113,724
Taxes, other than income taxes 45,239     38,005     124,167 115,179
Total expenses 422,939     333,843     1,148,551 1,061,521
Total operating income 55,107     65,034     152,746 139,156
Allowance for equity funds used during construction 1,999     1,902     5,677 5,452
Equity in earnings of subsidiaries 12,028     14,912     35,282 37,492
Retirement defined benefits credit (expense)—other than service costs 741     (591)     2,511 (1,683)
Interest expense and other charges, net (12,943)     (11,970)     (38,604) (36,471)
Allowance for borrowed funds used during construction 676     659     1,921 1,887
Income before income taxes 57,608     69,946     159,533 145,833
Income taxes 6,996     9,611     23,122 18,724
Net income 50,612     60,335     136,411 127,109
Preferred stock dividends of subsidiaries 0     0     0 0
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
Hawaiian Electric Consolidated | Reportable Legal Entities | Hawaii Electric Light                
Condensed Income Statements, Captions [Line Items]                
Revenues 100,313     82,172     276,974 249,970
Expenses                
Fuel oil 21,104     17,047     57,175 55,733
Purchased power 31,159     17,665     76,992 53,032
Other operation and maintenance 19,964     17,565     57,350 54,250
Depreciation 10,050     9,760     30,151 29,281
Taxes, other than income taxes 9,333     7,512     25,865 23,324
Total expenses 91,610     69,549     247,533 215,620
Total operating income 8,703     12,623     29,441 34,350
Allowance for equity funds used during construction 131     208     403 520
Equity in earnings of subsidiaries 0     0     0 0
Retirement defined benefits credit (expense)—other than service costs 166     194     503 581
Interest expense and other charges, net (2,590)     (2,519)     (7,744) (7,536)
Allowance for borrowed funds used during construction 44     65     136 163
Income before income taxes 6,454     10,571     22,739 28,078
Income taxes 1,433     2,378     5,152 6,372
Net income 5,021     8,193     17,587 21,706
Preferred stock dividends of subsidiaries 133     133     400 400
Net income attributable to Hawaiian Electric 4,888     8,060     17,187 21,306
Preferred stock dividends of Hawaiian Electric 0     0     0 0
Net income for common stock 4,888     8,060     17,187 21,306
Hawaiian Electric Consolidated | Reportable Legal Entities | Maui Electric                
Condensed Income Statements, Captions [Line Items]                
Revenues 101,141     81,629     267,992 244,043
Expenses                
Fuel oil 32,669     17,438     83,088 66,599
Purchased power 17,912     15,111     43,288 39,501
Other operation and maintenance 21,313     22,499     61,401 63,491
Depreciation 8,424     8,076     25,238 24,230
Taxes, other than income taxes 9,440     7,534     25,153 22,986
Total expenses 89,758     70,658     238,168 216,807
Total operating income 11,383     10,971     29,824 27,236
Allowance for equity funds used during construction 297     237     915 584
Equity in earnings of subsidiaries 0     0     0 0
Retirement defined benefits credit (expense)—other than service costs (30)     (35)     (96) (93)
Interest expense and other charges, net (2,616)     (2,457)     (7,799) (7,226)
Allowance for borrowed funds used during construction 107     77     329 191
Income before income taxes 9,141     8,793     23,173 20,692
Income taxes 1,906     1,846     4,792 4,220
Net income 7,235     6,947     18,381 16,472
Preferred stock dividends of subsidiaries 95     95     286 286
Net income attributable to Hawaiian Electric 7,140     6,852     18,095 16,186
Preferred stock dividends of Hawaiian Electric 0     0     0 0
Net income for common stock 7,140     6,852     18,095 16,186
Hawaiian Electric Consolidated | Reportable Legal Entities | Other subsidiaries                
Condensed Income Statements, Captions [Line Items]                
Revenues 0     0     0 0
Expenses                
Fuel oil 0     0     0 0
Purchased power 0     0     0 0
Other operation and maintenance 0     0     0 0
Depreciation 0     0     0 0
Taxes, other than income taxes 0     0     0 0
Total expenses 0     0     0 0
Total operating income 0     0     0 0
Allowance for equity funds used during construction 0     0     0 0
Equity in earnings of subsidiaries 0     0     0 0
Retirement defined benefits credit (expense)—other than service costs 0     0     0 0
Interest expense and other charges, net 0     0     0 0
Allowance for borrowed funds used during construction 0     0     0 0
Income before income taxes 0     0     0 0
Income taxes 0         0 0
Net income 0     0     0 0
Preferred stock dividends of subsidiaries 0     0     0 0
Net income attributable to Hawaiian Electric 0     0     0 0
Preferred stock dividends of Hawaiian Electric 0     0     0 0
Net income for common stock 0     0     0 0
Hawaiian Electric Consolidated | Consolidating adjustments                
Condensed Income Statements, Captions [Line Items]                
Revenues (1)     (110)     (21) (465)
Expenses                
Fuel oil 0     0     0 0
Purchased power 0     0     0 0
Other operation and maintenance 0     0     0 0
Depreciation 0     0     0 0
Taxes, other than income taxes 0     0     0 0
Total expenses 0           0 0
Total operating income (1)     (110)     (21) (465)
Allowance for equity funds used during construction 0     0     0 0
Equity in earnings of subsidiaries (12,028)     (14,912)     (35,282) (37,492)
Retirement defined benefits credit (expense)—other than service costs 0     0     0 0
Interest expense and other charges, net 1     110     21 465
Allowance for borrowed funds used during construction 0     0     0 0
Income before income taxes (12,028)     (14,912)     (35,282) (37,492)
Income taxes 0         0 0
Net income (12,028)     (14,912)     (35,282) (37,492)
Preferred stock dividends of subsidiaries 0         0 0
Net income attributable to Hawaiian Electric (12,028)     (14,912)     (35,282) (37,492)
Preferred stock dividends of Hawaiian Electric 0     0     0 0
Net income for common stock $ (12,028)     $ (14,912)     $ (35,282) $ (37,492)