Quarterly information (unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Schedule of selected quarterly information

Selected quarterly information was as follows:

	Quarters ended								Years ended
(in thousands, except per share amounts)	March 31		June 30		Sept. 30		Dec. 31		December 31
HEI consolidated
2014
Revenues	$	783,749	$	798,657	$	867,096	$	790,040	$	3,239,542
Operating income	88,306		82,275		91,102		67,241		328,924
Net income	46,400		41,894		48,286		33,630		170,210
Net income for common stock	45,927		41,421		47,815		33,157		168,320
Basic earnings per common share 1	0.45		0.41		0.47		0.32		1.65
Diluted earnings per common share 2	0.45		0.41		0.46		0.32		1.64
Dividends per common share	0.31		0.31		0.31		0.31		1.24
Market price per common share 3
High	26.80		25.65		26.89		35.00		35.00
Low	24.39		23.04		22.71		26.04		22.71
2013
Revenues	$	782,232	$	794,567	$	829,168	$	832,503	$	3,238,470
Operating income	68,825		80,207		88,038		78,349		315,419
Net income	34,152		41,061		48,707		39,486		163,406
Net income for common stock	33,679		40,588		48,236		39,013		161,516
Basic earnings per common share 1	0.34		0.41		0.49		0.39		1.63
Diluted earnings per common share 2	0.34		0.41		0.48		0.39		1.62
Dividends per common share	0.31		0.31		0.31		0.31		1.24
Market price per common share 3
High	27.92		28.30		27.24		27.15		28.30
Low	25.50		23.84		24.12		24.51		23.84
Hawaiian Electric consolidated
2014
Revenues	$	720,062	$	738,429	$	803,565	$	725,267	$	2,987,323
Operating income	70,666		70,068		76,156		58,878		275,768
Net income	35,919		34,729		39,377		29,611		139,636
Net income for common stock	35,420		34,230		38,879		29,112		137,641
2013
Revenues	717,441		728,525		764,054		770,152		2,980,172
Operating income	51,121		58,975		69,853		65,564		245,513
Net income	24,928		29,192		38,315		32,489		124,924
Net income for common stock	24,429		28,693		37,817		31,990		122,929

Note: HEI owns all of Hawaiian Electric's common stock, therefore per share data for Hawaiian Electric is not meaningful.

¹  The quarterly basic earnings per common share are based upon the weighted-average number of shares of common stock outstanding in each quarter.

²  The quarterly diluted earnings per common share are based upon the weighted-average number of shares of common stock outstanding in each quarter plus the dilutive incremental shares at quarter end.

³  Market prices of HEI common stock (symbol HE) shown are as reported on the NYSE Composite Tape.