XML 41 R14.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - HECO - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Utility property, plant and equipment    
Right-of-use assets - finance lease $ 342,834 $ 49,370
Total property, plant and equipment, net 6,150,126 5,687,003
Current assets    
Cash and cash equivalents 679,546 199,877
Restricted cash 15,000 5,100
Other long-term assets    
Operating lease right-of-use-assets 94,905 115,684
Total assets 17,243,821 16,284,244
Capitalization    
Common stock equity 2,344,841 2,202,499
Cumulative preferred stock – not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Note 4)
Current liabilities    
Short-term borrowings from non-affiliate 0 172,568
Interest and preferred dividends payable 51,206 21,333
Deferred credits and other liabilities    
Deferred income taxes 297,954 262,462
Total capitalization and liabilities 17,243,821 16,284,244
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,098 52,060
Plant and equipment 8,232,810 7,979,510
Right-of-use assets - finance lease 342,174 48,371
Less accumulated depreciation (3,197,514) (3,086,499)
Construction in progress 320,223 275,353
Utility property, plant and equipment, net 5,749,791 5,268,795
Nonutility property, plant and equipment, less accumulated depreciation of $40 and $63 as of December 31, 2023 and 2022, respectively 6,942 6,945
Total property, plant and equipment, net 5,756,733 5,275,740
Current assets    
Cash and cash equivalents 106,077 39,242
Restricted cash 2,000 0
Customer accounts receivable, net 244,309 288,338
Accrued unbilled revenues, net 185,644 183,280
Other accounts receivable, net 111,519 13,567
Fuel oil stock, at average cost 148,237 191,530
Materials and supplies, at average cost 114,433 79,568
Prepayments and other 58,491 33,482
Regulatory assets 68,453 52,273
Total current assets 1,039,163 881,280
Other long-term assets    
Operating lease right-of-use-assets 71,877 89,318
Regulatory assets 226,351 190,240
Other 189,430 160,889
Total other long-term assets 487,658 440,447
Total assets 7,283,554 6,597,467
Capitalization    
Common stock equity 2,409,110 2,344,170
Cumulative preferred stock – not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Note 4)
Long-term debt, net 1,934,277 1,584,854
Total capitalization 4,377,680 3,963,317
Current liabilities    
Current portion of operating lease liabilities 16,617 19,095
Current portion of long-term debt, net 0 99,962
Accounts payable 191,040 202,492
Interest and preferred dividends payable 22,882 17,176
Taxes accrued, including revenue taxes 291,942 289,902
Regulatory liabilities 36,559 31,475
Other 171,436 85,596
Total current liabilities 730,476 833,665
Deferred credits and other liabilities    
Operating lease liabilities 62,098 78,715
Finance lease liabilities 330,978 46,048
Deferred income taxes 399,001 384,430
Regulatory liabilities 1,114,131 1,024,175
Unamortized tax credits 84,312 95,300
Defined benefit pension and other postretirement benefit plans liability 60,671 49,748
Other 124,207 122,069
Total deferred credits and other liabilities 2,175,398 1,800,485
Total capitalization and liabilities 7,283,554 6,597,467
Hawaiian Electric Company, Inc. and Subsidiaries | Nonrelated Party    
Current liabilities    
Short-term borrowings from non-affiliate $ 0 $ 87,967