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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues                
Revenues $ 1,042,197     $ 756,904     $ 2,722,872 $ 2,080,107
Expenses                
Total expenses 940,082     659,588     2,434,813 1,782,904
Total operating income 102,115     97,316     288,059 297,203
Allowance for equity funds used during construction 2,552     2,427     7,431 6,995
Retirement defined benefits credit—other than service costs 1,039     1,058     3,528 4,709
Allowance for borrowed funds used during construction 825     827     2,401 2,386
Income before income taxes 79,905     78,151     233,602 241,291
Income taxes 17,352     14,265     48,395 48,229
Net income attributable to Hawaiian Electric 62,553     63,886     185,207 193,062
Preferred stock dividends of Hawaiian Electric 471     471     1,417 1,417
Net income for common stock 62,082 $ 52,541 $ 69,167 63,415 $ 63,872 $ 64,358 183,790 191,645
Hawaiian Electric Company, Inc. and Subsidiaries                
Revenues                
Revenues 955,971     679,499     2,483,636 1,846,242
Expenses                
Fuel oil 383,602     180,682     874,543 447,245
Purchased power 225,209     185,759     606,827 490,520
Other operation and maintenance 121,110     116,468     371,259 349,180
Depreciation 58,711     57,386     175,921 172,122
Taxes, other than income taxes 88,290     64,012     231,288 175,185
Total expenses 876,922     604,307     2,259,838 1,634,252
Total operating income 79,049     75,192     223,798 211,990
Allowance for equity funds used during construction 2,552     2,427     7,431 6,995
Retirement defined benefits credit—other than service costs 895     877     2,876 2,918
Interest expense and other charges, net (19,609)     (18,148)     (56,735) (54,126)
Allowance for borrowed funds used during construction 825     827     2,401 2,386
Income before income taxes 63,712     61,175     179,771 170,163
Income taxes 13,450     10,335     37,967 33,066
Net income 50,262     50,840     141,804 137,097
Preferred stock dividends of subsidiaries 228     228     686 686
Net income attributable to Hawaiian Electric 50,034     50,612     141,118 136,411
Preferred stock dividends of Hawaiian Electric 270     270     810 810
Net income for common stock $ 49,764 $ 44,135 $ 46,409 $ 50,342 $ 41,901 $ 43,358 $ 140,308 $ 135,601