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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 227,923 $ 341,421
Restricted cash 9,412 17,558
Accounts receivable and unbilled revenues, net 331,752 281,216
Available-for-sale investment securities, at fair value 2,580,830 1,970,417
Held-to-maturity investment securities, at amortized cost 491,871 226,947
Stock in Federal Home Loan Bank, at cost 10,000 8,680
Loans held for investment, net 5,046,180 5,232,642
Loans held for sale, at lower of cost or fair value 53,998 28,275
Property, plant and equipment, net of accumulated depreciation 5,335,130 5,265,735
Regulatory assets 757,204 766,708
Other 691,857 629,149
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 5,335,130 5,265,735
Current assets    
Cash and cash equivalents 227,923 341,421
Other long-term assets    
Operating lease right-of-use assets 141,816 153,069
Total assets 15,760,163 15,004,007
Liabilities    
Accounts payable 195,223 182,347
Interest and dividends payable 33,307 23,547
Deposit liabilities 7,976,538 7,386,957
Short-term borrowings—other than bank 92,246 129,379
Other bank borrowings 129,305 89,670
Long-term debt, net—other than bank 2,244,795 2,119,129
Deferred income taxes 378,139 395,089
Operating lease liabilities 155,608 160,432
Regulatory liabilities 975,512 959,786
Defined benefit pension and other postretirement benefit plans liability 543,285 567,438
Other 618,369 618,438
Total liabilities 13,342,327 12,632,212
Capitalization    
Retained earnings 740,566 660,398
Accumulated other comprehensive loss, net of tax benefits (40,113) (1,264)
Total shareholders’ equity 2,383,543 2,337,502
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Notes 3 and 4)
Current liabilities    
Interest and dividends payable 33,307 23,547
Deferred credits and other liabilities    
Deferred income taxes 378,139 395,089
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 0 0
Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 109,311,289 shares and 109,181,124 shares at September 30, 2021 and December 31, 2020, respectively 1,683,090 1,678,368
Retained earnings 740,566 660,398
Accumulated other comprehensive loss, net of tax benefits (40,113) (1,264)
Total shareholders’ equity 2,383,543 2,337,502
Total liabilities and shareholders’ equity 15,760,163 15,004,007
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and cash equivalents 36,467 47,360
Restricted cash 6,313 15,966
Property, plant and equipment, net of accumulated depreciation 5,002,083 4,937,170
Regulatory assets 28,700  
Utility property, plant and equipment    
Land 51,610 51,611
Plant and equipment 7,669,720 7,509,343
Less accumulated depreciation (2,947,715) (2,819,079)
Construction in progress 221,518 188,342
Utility property, plant and equipment, net 4,995,133 4,930,217
Nonutility property, plant and equipment, less accumulated depreciation 6,950 6,953
Total property, plant and equipment, net 5,002,083 4,937,170
Current assets    
Cash and cash equivalents 36,467 47,360
Customer accounts receivable, net 174,237 147,832
Accrued unbilled revenues, net 129,079 101,036
Other accounts receivable, net 6,116 7,673
Fuel oil stock, at average cost 100,801 58,238
Materials and supplies, at average cost 72,997 67,344
Prepayments and other 53,961 44,083
Regulatory assets 56,224 30,435
Total current assets 636,195 519,967
Other long-term assets    
Operating lease right-of-use assets 119,624 127,654
Regulatory assets 700,980 736,273
Other 144,026 136,309
Total other long-term assets 964,630 1,000,236
Total assets 6,602,908 6,457,373
Liabilities    
Interest and dividends payable 28,610 20,350
Deferred income taxes 396,553 397,798
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,324,376 shares at September 30, 2021 and December 31, 2020) 115,515 115,515
Premium on capital stock 746,987 746,987
Retained earnings 1,334,161 1,282,335
Accumulated other comprehensive loss, net of tax benefits (2,744) (2,919)
Total shareholders’ equity 2,193,919 2,141,918
Long-term debt, net 1,676,223 1,561,302
Total capitalization 3,904,435 3,737,513
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Notes 3 and 4)
Current liabilities    
Current portion of operating lease liabilities 64,894 64,730
Short-term borrowings from non-affiliates 0 49,979
Accounts payable 146,875 133,849
Interest and dividends payable 28,610 20,350
Taxes accrued, including revenue taxes 196,368 192,524
Regulatory liabilities 32,261 37,301
Other 84,506 74,262
Total current liabilities 553,514 572,995
Deferred credits and other liabilities    
Operating lease liabilities 67,802 69,494
Deferred income taxes 396,553 397,798
Regulatory liabilities 943,251 922,485
Unamortized tax credits 106,378 111,915
Defined benefit pension and other postretirement benefit plans liability 509,972 530,532
Other 121,003 114,641
Total deferred credits and other liabilities 2,144,959 2,146,865
Shareholders’ equity    
Retained earnings 1,334,161 1,282,335
Accumulated other comprehensive loss, net of tax benefits (2,744) (2,919)
Total shareholders’ equity 2,193,919 2,141,918
Total liabilities and shareholders’ equity $ 6,602,908 $ 6,457,373