XML 173 R146.htm IDEA: XBRL DOCUMENT v3.24.0.1
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - STATEMENTS OF CASH FLOWS (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net cash provided by operating activities $ 551,471 $ 454,476 $ 375,673
Cash flows from investing activities      
Capital expenditures (448,296) (344,037) (314,524)
Other, net 10,319 13,046 27
Net cash used in investing activities (257,399) (1,128,682) (1,179,592)
Cash flows from financing activities      
Net decrease in short-term borrowings with original maturities of three months or less (137,650) 83,652 (10,493)
Proceeds from issuance of short-term debt 65,000 35,000 0
Repayment of short-term debt (100,000) 0 (65,000)
Proceeds from issuance of long-term debt 625,000 227,312 285,886
Repayment of long-term debt (167,080) (221,910) (82,262)
Withheld shares for employee taxes on vested share-based compensation (2,371) (3,165) (2,006)
Net proceeds from issuance of common stock 1,223 0 0
Common stock dividends (112,957) (153,229) (148,643)
Other (4,662) (2,398) (3,080)
Net cash provided by (used in) financing activities 195,575 567,671 756,402
Net increase (decrease) in cash, cash equivalents and restricted cash 489,647 (106,535) (47,517)
Cash, cash equivalents and restricted cash, January 1 204,927 311,462 358,979
Cash, cash equivalents and restricted cash, December 31 694,574 204,927 311,462
Less: Restricted cash (15,028) (5,050) (5,911)
Cash and cash equivalents, December 31 679,546 199,877 305,551
Hawaiian Electric      
Cash flows from operating activities      
Net cash provided by operating activities 131,873 167,150 154,151
Cash flows from investing activities      
Increase in note receivable from subsidiary (3,542) (1,140) 0
Capital expenditures (21) (224) (10)
Investments in subsidiaries (12,246) (50,629) (76,232)
Other, net 610 1,662 180
Net cash used in investing activities (15,199) (50,331) (76,062)
Cash flows from financing activities      
Net decrease in short-term borrowings with original maturities of three months or less (49,683) (4,315) (10,493)
Proceeds from issuance of short-term debt 65,000 35,000 0
Repayment of short-term debt (100,000) 0 (15,000)
Proceeds from issuance of long-term debt 100,000 160,000 150,000
Repayment of long-term debt (50,000) (150,000) (50,000)
Proceeds from issuance of revolving credit facility 175,000 0 0
Withheld shares for employee taxes on vested share-based compensation (2,371) (3,165) (2,006)
Net proceeds from issuance of common stock 1,223 0 0
Common stock dividends (112,957) (153,229) (148,643)
Other (771) (978) (1,767)
Net cash provided by (used in) financing activities 25,441 (116,687) (77,909)
Net increase (decrease) in cash, cash equivalents and restricted cash 142,115 132 180
Cash, cash equivalents and restricted cash, January 1 611 479 299
Cash, cash equivalents and restricted cash, December 31 142,726 611 479
Less: Restricted cash (6,216) 0 0
Cash and cash equivalents, December 31 $ 136,510 $ 611 $ 479