XML 172 R145.htm IDEA: XBRL DOCUMENT v3.24.0.1
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - STATEMENTS OF INCOME (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenues $ 3,682,166 $ 3,741,985 $ 2,850,379
Expenses      
Depreciation of property, plant and equipment 267,691 256,069 246,158
Total expenses 3,329,562 3,360,912 2,464,313
Operating income 352,604 381,073 386,066
Less: Retirement defined benefits expense (credit)—other than service costs (4,768) (4,411) (5,848)
Interest expense 208,329 116,703 99,403
Interest income (9,105) 0 0
Income before income taxes 245,701 304,195 310,863
Income tax benefits (44,573) (61,167) (62,807)
Net income for common stock 199,238 241,138 246,166
Hawaiian Electric      
Revenues      
Revenues 268 320 105
Equity in net income of subsidiaries 239,532 273,076 278,743
Expenses      
Operating, administrative and general 22,962 20,850 24,006
Depreciation of property, plant and equipment 402 399 414
Taxes, other than income taxes 864 732 514
Total expenses 24,228 21,981 24,934
Operating income 215,572 251,415 253,914
Less: Retirement defined benefits expense (credit)—other than service costs 289 147 (114)
Interest expense 32,630 21,997 18,444
Interest income (2,651) 0 0
Income before income taxes 185,304 229,271 235,584
Income tax benefits 13,934 11,867 10,582
Net income for common stock $ 199,238 $ 241,138 $ 246,166