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Consolidated Statements of Cash Flows - HECO - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment $ 267,691 $ 256,069 $ 246,158
Other amortization 43,106 38,772 32,544
Deferred income tax expense (benefit) 5,268 (32,502) (5,398)
Allowance for equity funds used during construction (15,164) (10,574) (9,534)
Other (4,342) (7,580) (7,060)
Changes in assets and liabilities      
Decrease (increase) in fuel oil stock 43,388 (87,569) (45,819)
Decrease (increase) in regulatory assets (10,613) 34,600 (13,874)
Increase in regulatory liabilities 54,470 44,888 15,358
Change in prepaid and accrued income taxes, tax credits and revenue taxes (13,247) 121,636 41,331
Decrease in defined benefit pension and other postretirement benefit plans liability (8,872) (5,191) (6,660)
Change in other assets and liabilities 5,692 (20,656) (48,280)
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      
Common stock dividends (112,957) (153,229) (148,643)
Proceeds from issuance of common stock 1,223 0 0
Proceeds from issuance of long-term debt 625,000 227,312 285,886
Repayment of long-term debt (167,080) (221,910) (82,262)
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less (137,650) 83,652 (10,493)
Repayment of short-term debt (100,000) 0 (65,000)
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 679,546 199,877 305,551
Hawaiian Electric Company, Inc. and Subsidiaries      
Cash flows from operating activities      
Net income 195,947 190,924 179,637
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 243,705 235,424 229,469
Other amortization 26,490 25,320 21,737
Deferred income tax expense (benefit) 1,439 (41,415) (3,829)
State refundable credit (11,325) (10,999) (10,582)
Bad debt expense 8,161 6,027 2,183
Allowance for equity funds used during construction (15,164) (10,574) (9,534)
Bill credits 0 0 2,000
Other 460 (139) 1,350
Changes in assets and liabilities      
Increase in accounts receivable (65,004) (91,742) (50,090)
Increase in accrued unbilled revenues (3,048) (54,023) (27,464)
Decrease (increase) in fuel oil stock 43,293 (87,452) (45,840)
Increase in materials and supplies (34,865) (7,691) (4,533)
Decrease (increase) in regulatory assets (10,613) 34,600 (13,874)
Increase in regulatory liabilities 54,470 44,888 15,358
Increase in accounts payable 20,454 22,355 17,671
Change in prepaid and accrued income taxes, tax credits and revenue taxes 1,878 103,198 26,930
Decrease in defined benefit pension and other postretirement benefit plans liability (8,186) (4,828) (5,154)
Change in other assets and liabilities 26,275 (25,943) (52,302)
Net cash provided by operating activities 474,367 327,930 273,133
Cash flows from investing activities      
Capital expenditures (438,775) (329,457) (292,000)
Other, net 6,176 5,372 6,035
Net cash used in investing activities (432,599) (324,085) (285,965)
Cash flows from financing activities      
Common stock dividends (129,000) (125,900) (111,700)
Preferred stock dividends of Hawaiian Electric and subsidiaries (1,995) (1,995) (1,995)
Proceeds from issuance of common stock 0 13,101 54,400
Proceeds from issuance of long-term debt 350,000 60,000 115,000
Repayment of long-term debt (100,000) (52,000) 0
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less (87,967) 87,967 0
Repayment of short-term debt 0 0 (50,000)
Payments of obligations under finance leases (3,128) (670) 0
Other (843) (364) (941)
Net cash provided by (used in) financing activities 27,067 (19,861) 4,764
Net increase (decrease) in cash, cash equivalents and restricted cash 68,835 (16,016) (8,068)
Cash, cash equivalents and restricted cash, January 1 39,242 55,258 63,326
Cash, cash equivalents and restricted cash, December 31 108,077 39,242 55,258
Less: Restricted cash (2,000) 0 (3,089)
Cash and cash equivalents $ 106,077 $ 39,242 $ 52,169