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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenues $ 897,158 $ 928,237
Expenses    
Total expenses 820,739 834,719
Total operating income 76,419 93,518
Allowance for equity funds used during construction 3,640 3,301
Retirement defined benefits credit—other than service costs 1,282 1,152
Allowance for borrowed funds used during construction 1,386 1,131
Interest income 3,133 0
Income before income taxes 54,269 70,304
Income taxes 11,674 15,110
Net income (loss) 42,595 55,194
Preferred stock dividends of Hawaiian Electric 473 473
Net income for common stock 42,122 54,721
Hawaiian Electric Company, Inc. and Subsidiaries    
Revenues    
Revenues 788,578 830,361
Expenses    
Fuel oil 284,296 334,097
Purchased power 159,817 152,761
Other operation and maintenance 143,890 128,316
Depreciation 62,812 60,927
Taxes, other than income taxes 74,408 78,385
Total expenses 725,223 754,486
Total operating income 63,355 75,875
Allowance for equity funds used during construction 3,640 3,301
Retirement defined benefits credit—other than service costs 1,072 1,047
Interest expense and other charges, net (19,985) (20,246)
Allowance for borrowed funds used during construction 1,386 1,131
Interest income 1,432 0
Income before income taxes 50,900 61,108
Income taxes 11,180 13,600
Net income 39,720 47,508
Preferred stock dividends of subsidiaries 229 229
Net income (loss) 39,491 47,279
Preferred stock dividends of Hawaiian Electric 270 270
Net income for common stock $ 39,221 $ 47,009