EX-11 7 heiexhibit1110k2021.htm EX-11
HEI Exhibit 11
Hawaiian Electric Industries, Inc.
COMPUTATION OF EARNINGS PER SHARE
OF COMMON STOCK
Years ended December 31, 2021, 2020, 2019, 2018 and 2017

(in thousands, except per share amounts) |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017
Net income for common stock |  | $ | 246,166 |  |  | $ | 197,824 |  |  | $ | 217,882 |  |  | $ | 201,774 |  |  | $ | 165,297 |
Weighted-average number of common shares outstanding |  | 109,282 |  |  | 109,140 |  |  | 108,949 |  |  | 108,855 |  |  | 108,749 |
Adjusted weighted-average number of common shares outstanding |  | 109,580 |  |  | 109,356 |  |  | 109,407 |  |  | 109,146 |  |  | 108,933 |
Basic earnings per common share |  | $ | 2.25 |  |  | $ | 1.81 |  |  | $ | 2.00 |  |  | $ | 1.85 |  |  | $ | 1.52 |
Diluted earnings per common share |  | $ | 2.25 |  |  | $ | 1.81 |  |  | $ | 1.99 |  |  | $ | 1.85 |  |  | $ | 1.52 |