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Segment financial information
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment financial information
Segment financial information
 
(in thousands) 
 
Electric utility
 
Bank
 
Other
 
Total
Three months ended September 30, 2013
 
 

 
 

 
 

 
 

Revenues from external customers
 
$
766,109

 
$
65,058

 
$
62

 
$
831,229

Intersegment revenues (eliminations)
 
6

 

 
(6
)
 

Revenues
 
766,115

 
65,058

 
56

 
831,229

Income (loss) before income taxes
 
57,373

 
22,808

 
(8,633
)
 
71,548

Income taxes (benefit)
 
19,058

 
7,532

 
(3,749
)
 
22,841

Net income (loss)
 
38,315

 
15,276

 
(4,884
)
 
48,707

Preferred stock dividends of subsidiaries
 
498

 

 
(27
)
 
471

Net income (loss) for common stock
 
37,817

 
15,276

 
(4,857
)
 
48,236

 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2013
 
 

 
 

 
 

 
 

Revenues from external customers
 
$
2,216,058

 
$
195,841

 
$
124

 
$
2,412,023

Intersegment revenues (eliminations)
 
18

 

 
(18
)
 

Revenues
 
2,216,076

 
195,841

 
106

 
2,412,023

Income (loss) before income taxes
 
144,212

 
69,265

 
(24,400
)
 
189,077

Income taxes (benefit)
 
51,777

 
23,915

 
(10,535
)
 
65,157

Net income (loss)
 
92,435

 
45,350

 
(13,865
)
 
123,920

Preferred stock dividends of subsidiaries
 
1,496

 

 
(79
)
 
1,417

Net income (loss) for common stock
 
90,939

 
45,350

 
(13,786
)
 
122,503

Assets (at September 30, 2013)
 
5,269,758

 
5,159,372

 
(118
)
 
10,429,012

 
 
 
 
 
 
 
 
 
Three months ended September 30, 2012
 
 

 
 

 
 

 
 

Revenues from external customers
 
$
801,089

 
$
66,596

 
$
35

 
$
867,720

Intersegment revenues (eliminations)
 
6

 

 
(6
)
 

Revenues
 
801,095

 
66,596

 
29

 
867,720

Income (loss) before income taxes
 
61,268

 
21,627

 
(8,914
)
 
73,981

Income taxes (benefit)
 
22,395

 
7,419

 
(4,010
)
 
25,804

Net income (loss)
 
38,873

 
14,208

 
(4,904
)
 
48,177

Preferred stock dividends of subsidiaries
 
498

 

 
(27
)
 
471

Net income (loss) for common stock
 
38,375

 
14,208

 
(4,877
)
 
47,706

 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2012
 
 

 
 

 
 

 
 

Revenues from external customers
 
$
2,340,202

 
$
196,569

 
$
77

 
$
2,536,848

Intersegment revenues (eliminations)
 
55

 

 
(55
)
 

Revenues
 
2,340,257

 
196,569

 
22

 
2,536,848

Income (loss) before income taxes
 
154,976

 
66,964

 
(25,775
)
 
196,165

Income taxes (benefit)
 
58,429

 
22,690

 
(11,193
)
 
69,926

Net income (loss)
 
96,547

 
44,274

 
(14,582
)
 
126,239

Preferred stock dividends of subsidiaries
 
1,496

 

 
(79
)
 
1,417

Net income (loss) for common stock
 
95,051

 
44,274

 
(14,503
)
 
124,822

Assets (at December 31, 2012)
 
5,108,793

 
5,041,673

 
(1,334
)
 
10,149,132


 
Intercompany electricity sales of the electric utilities to the bank and “other” segments are not eliminated because those segments would need to purchase electricity from another source if it were not provided by consolidated Hawaiian Electric, the profit on such sales is nominal and the elimination of electric sales revenues and expenses could distort segment operating income and net income for common stock.
 
Bank fees that ASB charges the electric utility and “other” segments are not eliminated because those segments would pay fees to another financial institution if they were to bank with another institution, the profit on such fees is nominal and the elimination of bank fee income and expenses could distort segment operating income and net income for common stock.