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
2016¹
Revenues	$	550,960	$	566,244	$	646,055	$	617,395	$	2,380,654
Operating income	68,851		85,455		105,442		88,427		348,175
Net income	32,825		44,601		127,613		45,107		250,146
Net income for common stock	32,352		44,128		127,142		44,634		248,256
Basic earnings per common share ²	0.30		0.41		1.17		0.41		2.30
Diluted earnings per common share ³	0.30		0.41		1.17		0.41		2.29
Dividends per common share	0.31		0.31		0.31		0.31		1.24
Market price per common share ⁴
High	32.69		34.98		33.57		34.08		34.98
Low	27.30		31.35		29.14		28.31		27.30
2015¹
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 ²	0.31		0.33		0.47		0.39		1.50
Diluted earnings per common share ³	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 ⁴
High	34.86		32.58		31.28		30.29		34.86
Low	31.75		29.62		27.02		27.45		27.02
Hawaiian Electric consolidated
2016
Revenues	$	482,052	$	495,395	$	572,253	$	544,668	$	2,094,368
Operating income	55,326		70,686		89,812		68,644		284,468
Net income	25,866		36,356		47,472		34,618		144,312
Net income for common stock	25,367		35,857		46,974		34,119		142,317
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

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

In the third quarter of 2016, HEI received a $90 million termination fee from NEE and in 2016 and 2015 received and incurred other merger and spin-off-related amounts (see Note 2 to the Consolidated Financial Statements). For the first quarter of 2015, second quarter of 2015, third quarter of 2015, fourth quarter of 2015, first quarter of 2016, second quarter of 2016 and third quarter of 2016, the Company recorded merger- and spin-off-related income/(expenses), net of tax impacts of $(5) million, $(7) million, $(2) million, $(2) million, $(2) million, $(2) million and $64 million, respectively.


²	The quarterly basic earnings per common share are based upon the weighted-average number of shares of common stock outstanding in each quarter.


³	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.


⁴	Market prices of HEI common stock (symbol HE) shown are as reported on the NYSE Composite Tape.