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Consolidated Statements of Cash Flows (unaudited) - HECO - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income [1] $ 67,830 $ 88,014
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment [1] 91,731 86,397
Other amortization [1] 4,792 4,014
Increase in deferred income taxes [1] (4,463) 44,494
Allowance for equity funds used during construction [1] (3,309) (2,996)
Change in cash overdraft [1] 193 (1,038)
Changes in assets and liabilities    
Increase in fuel oil stock [1] (2,362) (27,206)
Increase in regulatory assets [1] (19,976) (17,731)
Change in prepaid and accrued income taxes and revenue taxes [1] (4,390) (32,510)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability [1] 218 (1,714)
Change in other assets and liabilities [1] (24,455) (38,540)
Net cash provided by operating activities [1] 168,372 70,307
Cash flows from investing activities    
Capital expenditures [1] (206,816) (173,866)
Contributions in aid of construction [1] 19,089 13,209
Other [1] 3,819 485
Net cash used in investing activities [1] (291,775) (296,214)
Cash flows from financing activities    
Common stock dividends [1] (65,140) (62,916)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less [1] 5,571 79,693
Other [1] 246 (228)
Net cash provided by financing activities [1] 248,548 194,248
Net increase (decrease) in cash and cash equivalents [1] 125,145 (31,659)
Hawaiian Electric Company, Inc. and Subsidiaries    
Cash flows from operating activities    
Net income [1] 60,713 70,648
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment [1] 88,484 83,196
Other amortization [1] 3,220 3,597
Increase in deferred income taxes [1] 33,320 45,386
Change in tax credits, net [1] 4,461 4,227
Allowance for equity funds used during construction [1] (3,309) (2,996)
Change in cash overdraft [1] 193 (1,038)
Changes in assets and liabilities    
Decrease (increase) in accounts receivable [1] 16,955 (5,039)
Decrease in accrued unbilled revenues [1] 27,930 2,255
Increase in fuel oil stock [1] (2,362) (27,206)
Increase in materials and supplies [1] (105) (1,835)
Increase in regulatory assets [1] (19,976) (17,731)
Decrease in accounts payable [1] (4,371) (38,693)
Change in prepaid and accrued income taxes and revenue taxes [1] (63,613) (38,270)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability [1] 221 (498)
Change in other assets and liabilities [1] (14,085) (26,759)
Net cash provided by operating activities [1] 127,676 49,244
Cash flows from investing activities    
Capital expenditures [1] (199,143) (170,347)
Contributions in aid of construction [1] 19,089 13,209
Other 511 501
Net cash used in investing activities [1] (179,543) (156,637)
Cash flows from financing activities    
Common stock dividends [1] (45,203) (44,246)
Preferred stock dividends of Hawaiian Electric and subsidiaries [1] (998) (998)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less [1] 88,993 102,989
Other [1] (217) (457)
Net cash provided by financing activities [1] 42,575 57,288
Net increase (decrease) in cash and cash equivalents [1] (9,292) (50,105)
Cash and cash equivalents, beginning of period [1] 13,762 62,825
Cash and cash equivalents, end of period [1] $ 4,470 $ 12,720
[1] As restated - See Note 1, “Basis of presentation - Restatement of previously issued financial statements.”