Quarterly information (unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

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
2015
Revenues	$	637,862	$	623,912	$	717,176	$	624,032	$	2,602,982
Operating income	69,506		72,730		97,095		83,222		322,553
Net income	32,339		35,491		51,144		42,793		161,767
Net income for common stock	31,866		35,018		50,673		42,320		159,877
Basic earnings per common share 1	0.31		0.33		0.47		0.39		1.50
Diluted earnings per common share 2	0.31		0.33		0.47		0.39		1.50
Dividends per common share	0.31		0.31		0.31		0.31		1.24
Market price per common share 3
High	34.86		32.58		31.28		30.29		34.86
Low	31.75		29.62		27.02		27.45		27.02
2014
Revenues	$	783,749	$	798,657	$	867,096	$	790,040	$	3,239,542
Operating income	89,214		83,183		92,036		68,167		332,600
Net income	46,260		41,754		48,279		33,726		170,019
Net income for common stock	45,787		41,281		47,808		33,253		168,129
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		1.63
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
Hawaiian Electric consolidated
2015
Revenues	$	573,442	$	558,163	$	648,127	$	555,434	$	2,335,166
Operating income	57,636		66,161		82,657		67,662		274,116
Net income	27,373		33,340		43,504		33,492		137,709
Net income for common stock	26,874		32,841		43,006		32,993		135,714
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

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.