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Consolidated Balance Sheets - HECO - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Utility property, plant and equipment    
Right-of-use assets - finance lease $ 49,370 $ 0
Total property, plant and equipment, net 5,687,003 5,392,068
Current assets    
Cash and cash equivalents 199,877 305,551
Restricted cash 5,100 5,900
Other long-term assets    
Operating lease right-of-use-assets 115,684 122,416
Total assets 16,284,244 15,822,637
Capitalization    
Common stock equity 2,202,499 2,390,884
Cumulative preferred stock – not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Interest and dividends payable 21,333 19,889
Deferred credits and other liabilities    
Deferred income taxes 262,462 384,760
Total capitalization and liabilities 16,284,244 15,822,637
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,060 51,937
Plant and equipment 7,979,510 7,735,983
Right-of-use assets - finance lease 48,371 0
Less accumulated depreciation (3,086,499) (2,940,517)
Construction in progress 275,353 204,569
Utility property, plant and equipment, net 5,268,795 5,051,972
Nonutility property, plant and equipment, less accumulated depreciation of $63 and $59 as of December 31, 2022 and 2021, respectively 6,945 6,949
Total property, plant and equipment, net 5,275,740 5,058,921
Current assets    
Cash and cash equivalents 39,242 52,169
Restricted cash 0 3,089
Customer accounts receivable, net 288,338 186,859
Accrued unbilled revenues, net 183,280 129,155
Other accounts receivable, net 13,567 7,267
Fuel oil stock, at average cost 191,530 104,078
Materials and supplies, at average cost 79,568 71,877
Prepayments and other 33,482 46,031
Regulatory assets 52,273 66,664
Total current assets 881,280 667,189
Other long-term assets    
Operating lease right-of-use-assets 89,318 101,470
Regulatory assets 190,240 498,879
Other 160,889 165,166
Total other long-term assets 440,447 765,515
Total assets 6,597,467 6,491,625
Capitalization    
Common stock equity 2,344,170 2,261,899
Cumulative preferred stock – not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Long-term debt, net 1,584,854 1,624,427
Total capitalization 3,963,317 3,920,619
Current liabilities    
Current portion of operating lease liabilities 19,095 49,368
Current portion of long-term debt, net 99,962 51,975
Short-term borrowings from non-affiliate 87,967 0
Accounts payable 202,492 160,007
Interest and dividends payable 17,176 17,325
Taxes accrued, including revenue taxes 289,902 208,280
Regulatory liabilities 31,475 29,760
Other 85,596 71,569
Total current liabilities 833,665 588,284
Deferred credits and other liabilities    
Operating lease liabilities 78,715 65,780
Finance lease liabilities 46,048 0
Deferred income taxes 384,430 408,634
Regulatory liabilities 1,024,175 967,008
Unamortized tax credits 95,300 103,945
Defined benefit pension and other postretirement benefit plans liability 49,748 321,780
Other 122,069 115,575
Total deferred credits and other liabilities 1,800,485 1,982,722
Total capitalization and liabilities $ 6,597,467 $ 6,491,625