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Revenues
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenues RevenuesRevenue from contracts with customers. The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:
Three months ended June 30, 2022Six months ended June 30, 2022
(in thousands) Electric  utilityBankOtherTotalElectric  utilityBankOtherTotal
Revenues from contracts with customers
Electric energy sales - residential
$259,433 $— $— $259,433 $484,007 $— $— $484,007 
Electric energy sales - commercial
264,701 — — 264,701 484,298 — — 484,298 
Electric energy sales - large light and power
293,847 — — 293,847 534,970 — — 534,970 
Electric energy sales - other 4,873 — — 4,873 6,299 — — 6,299 
Bank fees— 11,797 — 11,797 — 24,793 — 24,793 
Other sales— — 1,333 1,333 — — 2,448 2,448 
Total revenues from contracts with customers822,854 11,797 1,333 835,984 1,509,574 24,793 2,448 1,536,815 
Revenues from other sources
Regulatory revenue$(11,428)$— $— $(11,428)$1,458 $— $— $1,458 
Bank interest and dividend income
— 62,822 — 62,822 — 122,811 — 122,811 
Other bank noninterest income— 705 — 705 — 2,835 — 2,835 
Other7,447 — 77 7,524 16,633 — 123 16,756 
Total revenues from other sources(3,981)63,527 77 59,623 18,091 125,646 123 143,860 
Total revenues$818,873 $75,324 $1,410 $895,607 $1,527,665 $150,439 $2,571 $1,680,675 
Timing of revenue recognition
Services/goods transferred at a point in time
$— $11,797 $— $11,797 $— $24,793 $— $24,793 
Services/goods transferred over time
822,854 — 1,333 824,187 1,509,574 — 2,448 1,512,022 
Total revenues from contracts with customers$822,854 $11,797 $1,333 $835,984 $1,509,574 $24,793 $2,448 $1,536,815 
Three months ended June 30, 2021Six months ended June 30, 2021
(in thousands) Electric  utilityBankOtherTotalElectric  utilityBankOtherTotal
Revenues from contracts with customers
Electric energy sales - residential
$196,318 $— $— $196,318 $377,557 $— $— $377,557 
Electric energy sales - commercial
192,103 — — 192,103 360,568 — — 360,568 
Electric energy sales - large light and power
201,536 — — 201,536 378,351 — — 378,351 
Electric energy sales - other2,212 — — 2,212 4,691 — — 4,691 
Bank fees— 11,569 — 11,569 — 22,947 — 22,947 
Other sales— — 1,089 1,089 — — 2,013 2,013 
Total revenues from contracts with customers592,169 11,569 1,089 604,827 1,121,167 22,947 2,013 1,146,127 
Revenues from other sources
Regulatory revenue2,854 — — 2,854 31,283 — — 31,283 
Bank interest and dividend income
— 62,066 — 62,066 — 120,686 — 120,686 
Other bank noninterest income— 3,625 — 3,625 — 10,758 — 10,758 
Other6,856 — 29 6,885 14,293 — 56 14,349 
Total revenues from other sources9,710 65,691 29 75,430 45,576 131,444 56 177,076 
Total revenues$601,879 $77,260 $1,118 $680,257 $1,166,743 $154,391 $2,069 $1,323,203 
Timing of revenue recognition
Services/goods transferred at a point in time
$— $11,569 $— $11,569 $— $22,947 $— $22,947 
Services/goods transferred over time
592,169 — 1,089 593,258 1,121,167 — 2,013 1,123,180 
Total revenues from contracts with customers$592,169 $11,569 $1,089 $604,827 $1,121,167 $22,947 $2,013 $1,146,127 
There are no material contract assets or liabilities associated with revenues from contracts with customers existing at December 31, 2021 or as of June 30, 2022. Accounts receivable and unbilled revenues related to contracts with customers represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are disclosed as accounts receivable and unbilled revenues, net on HEI’s condensed consolidated balance sheets and customer accounts receivable, net and accrued unbilled revenues, net on Hawaiian Electric’s condensed consolidated balance sheets.
As of June 30, 2022, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers. For ASB, fees are recognized when a transaction is completed.