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Revenues
9 Months Ended
Sep. 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 September 30, 2022Nine months ended September 30, 2022
(in thousands) Electric  utilityBankOtherTotalElectric  utilityBankOtherTotal
Revenues from contracts with customers
Electric energy sales - residential
$306,417 $— $— $306,417 $790,424 $— $— $790,424 
Electric energy sales - commercial
309,940 — — 309,940 794,238 — — 794,238 
Electric energy sales - large light and power
351,763 — — 351,763 886,733 — — 886,733 
Electric energy sales - other 5,400 — — 5,400 11,699 — — 11,699 
Bank fees— 12,058 — 12,058 — 36,851 — 36,851 
Other sales— — 4,760 4,760 — — 7,208 7,208 
Total revenues from contracts with customers973,520 12,058 4,760 990,338 2,483,094 36,851 7,208 2,527,153 
Revenues from other sources
Regulatory revenue$(26,301)$— $— $(26,301)$(24,843)$— $— $(24,843)
Bank interest and dividend income
— 68,417 — 68,417 — 191,228 — 191,228 
Other bank noninterest income— 936 — 936 — 3,771 — 3,771 
Other8,752 — 55 8,807 25,385 — 178 25,563 
Total revenues from other sources(17,549)69,353 55 51,859 542 194,999 178 195,719 
Total revenues$955,971 $81,411 $4,815 $1,042,197 $2,483,636 $231,850 $7,386 $2,722,872 
Timing of revenue recognition
Services/goods transferred at a point in time
$— $12,058 $— $12,058 $— $36,851 $— $36,851 
Services/goods transferred over time
973,520 — 4,760 978,280 2,483,094 — 7,208 2,490,302 
Total revenues from contracts with customers$973,520 $12,058 $4,760 $990,338 $2,483,094 $36,851 $7,208 $2,527,153 
Three months ended September 30, 2021Nine months ended September 30, 2021
(in thousands) Electric  utilityBankOtherTotalElectric  utilityBankOtherTotal
Revenues from contracts with customers
Electric energy sales - residential
$228,878 $— $— $228,878 $606,435 $— $— $606,435 
Electric energy sales - commercial
217,468 — — 217,468 578,036 — — 578,036 
Electric energy sales - large light and power
229,129 — — 229,129 607,480 — — 607,480 
Electric energy sales - other2,779 — — 2,779 7,470 — — 7,470 
Bank fees— 11,186 — 11,186 — 34,133 — 34,133 
Other sales— — 1,178 1,178 — — 3,191 3,191 
Total revenues from contracts with customers678,254 11,186 1,178 690,618 1,799,421 34,133 3,191 1,836,745 
Revenues from other sources
Regulatory revenue(5,717)— — (5,717)25,566 — — 25,566 
Bank interest and dividend income
— 61,441 — 61,441 — 182,127 — 182,127 
Other bank noninterest income— 3,581 — 3,581 — 14,339 — 14,339 
Other6,962 — 19 6,981 21,255 — 75 21,330 
Total revenues from other sources1,245 65,022 19 66,286 46,821 196,466 75 243,362 
Total revenues$679,499 $76,208 $1,197 $756,904 $1,846,242 $230,599 $3,266 $2,080,107 
Timing of revenue recognition
Services/goods transferred at a point in time
$— $11,186 $— $11,186 $— $34,133 $— $34,133 
Services/goods transferred over time
678,254 — 1,178 679,432 1,799,421 — 3,191 1,802,612 
Total revenues from contracts with customers$678,254 $11,186 $1,178 $690,618 $1,799,421 $34,133 $3,191 $1,836,745 
There are no material contract assets or liabilities associated with revenues from contracts with customers existing at December 31, 2021 or as of September 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 September 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.