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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues            
Revenues $ 897,360   $ 895,685   $ 1,794,518 $ 1,823,922
Expenses            
Total expenses 2,616,335   802,706   3,437,074 1,637,425
Total operating income (loss) (1,718,975)   92,979   (1,642,556) 186,497
Allowance for equity funds used during construction 3,336   3,772   6,976 7,073
Retirement defined benefits credit—other than service costs 1,281   1,153   2,563 2,305
Allowance for borrowed funds used during construction 1,344   1,295   2,730 2,426
Interest income 3,134   0   6,267 0
Loss before income taxes (1,742,280)   69,367   (1,688,011) 139,671
Income tax expense (benefit) (447,269)   14,284   (435,595) 29,394
Net income (loss) (1,295,011)   55,083   (1,252,416) 110,277
Preferred stock dividends of Hawaiian Electric 473   473   946 946
Net income (loss) for common stock (1,295,484) $ 42,122 54,610 $ 54,721 (1,253,362) 109,331
Hawaiian Electric Company, Inc. and Subsidiaries            
Revenues            
Revenues 792,331   794,191   1,580,909 1,624,552
Expenses            
Fuel oil 258,652   280,157   542,948 614,254
Purchased power 181,328   168,434   341,145 321,195
Other operation and maintenance 147,561   136,360   291,451 264,676
Wildfire tort-related claims 1,712,000   0   1,712,000 0
Depreciation 62,812   60,689   125,624 121,616
Taxes, other than income taxes 74,418   74,926   148,826 153,311
Total expenses 2,436,771   720,566   3,161,994 1,475,052
Total operating income (loss) (1,644,440)   73,625   (1,581,085) 149,500
Allowance for equity funds used during construction 3,336   3,772   6,976 7,073
Retirement defined benefits credit—other than service costs 1,072   1,048   2,144 2,095
Interest expense and other charges, net (21,417)   (20,872)   (41,402) (41,118)
Allowance for borrowed funds used during construction 1,344   1,295   2,730 2,426
Interest income 1,452   0   2,884 0
Loss before income taxes (1,658,653)   58,868   (1,607,753) 119,976
Income tax expense (benefit) (429,758)   13,070   (418,578) 26,670
Net income (loss) (1,228,895)   45,798   (1,189,175) 93,306
Preferred stock dividends of subsidiaries 229   229   458 458
Net income (loss) (1,229,124)   45,569   (1,189,633) 92,848
Preferred stock dividends of Hawaiian Electric 270   270   540 540
Net income (loss) for common stock $ (1,229,394) $ 39,221 $ 45,299 $ 47,009 $ (1,190,173) $ 92,308