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Segment financial information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment financial information Segment financial information
(in thousands) Electric utilityBankOtherTotal
Three months ended September 30, 2022    
Revenues from external customers$955,971 $81,411 $4,815 $1,042,197 
Intersegment revenues (eliminations)— — — — 
Revenues$955,971 $81,411 $4,815 $1,042,197 
Income (loss) before income taxes$63,712 $27,281 $(11,088)$79,905 
Income taxes (benefit)13,450 6,525 (2,623)17,352 
Net income (loss)50,262 20,756 (8,465)62,553 
Preferred stock dividends of subsidiaries498 — (27)471 
Net income (loss) for common stock$49,764 $20,756 $(8,438)$62,082 
Nine months ended September 30, 2022    
Revenues from external customers$2,483,632 $231,850 $7,390 $2,722,872 
Intersegment revenues (eliminations)4 — (4)— 
Revenues$2,483,636 $231,850 $7,386 $2,722,872 
Income (loss) before income taxes$179,771 $79,605 $(25,774)$233,602 
Income taxes (benefit)37,967 17,513 (7,085)48,395 
Net income (loss)141,804 62,092 (18,689)185,207 
Preferred stock dividends of subsidiaries1,496 — (79)1,417 
Net income (loss) for common stock$140,308 $62,092 $(18,610)$183,790 
Total assets (at September 30, 2022)
$6,806,546 $9,315,611 $142,711 $16,264,868 
Three months ended September 30, 2021    
Revenues from external customers$679,482 $76,208 $1,214 $756,904 
Intersegment revenues (eliminations)17 — (17)— 
Revenues$679,499 $76,208 $1,197 $756,904 
Income (loss) before income taxes$61,175 $25,241 $(8,265)$78,151 
Income taxes (benefit)10,335 5,976 (2,046)14,265 
Net income (loss)50,840 19,265 (6,219)63,886 
Preferred stock dividends of subsidiaries498 — (27)471 
Net income (loss) for common stock $50,342 $19,265 $(6,192)$63,415 
Nine months ended September 30, 2021    
Revenues from external customers$1,846,206 $230,599 $3,302 $2,080,107 
Intersegment revenues (eliminations)36 — (36)— 
Revenues$1,846,242 $230,599 $3,266 $2,080,107 
Income (loss) before income taxes$170,163 $102,335 $(31,207)$241,291 
Income taxes (benefit)33,066 23,230 (8,067)48,229 
Net income (loss)137,097 79,105 (23,140)193,062 
Preferred stock dividends of subsidiaries1,496 — (79)1,417 
Net income (loss) for common stock $135,601 $79,105 $(23,061)$191,645 
Total assets (at December 31, 2021)
$6,491,625 $9,181,603 $149,409 $15,822,637 
 
Intercompany electricity sales of the Utilities to ASB and “other” segments are not eliminated because those segments would need to purchase electricity from another source if it were not provided by the Utilities and the profit on such sales is nominal.
Hamakua Energy, LLC’s (Hamakua Energy’s) sales to Hawaii Electric Light (a regulated affiliate) are eliminated in consolidation.