XML 90 R68.htm IDEA: XBRL DOCUMENT v3.6.0.2
Electric utility segment - Consolidating Statement of Comprehensive Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net income for common stock $ 44,634 $ 127,142 $ 44,128 $ 32,352 $ 42,320 $ 50,673 $ 35,018 $ 31,866 $ 248,256 $ 159,877 $ 168,129
Other comprehensive income (loss), net of taxes:                      
Effective portion of foreign currency hedge net unrealized losses arising during the period, net of tax benefits of $179, nil and nil for 2016, 2015 and 2014, respectively                 (281) 0 0
Less: reclassification adjustment to net income, net of (taxes) benefit of $(76), $150 and $150 for 2016, 2015 and 2014, respectively                 (119) 235 236
Net gains (losses) arising during the period, net of (taxes) benefits of $27,703, $(3,753) and $149,364 for 2016, 2015 and 2014, respectively                 (43,510) 5,889 (234,166)
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $9,267, $14,344 and $7,245 for 2016, 2015 and 2014, respectively                 14,518 22,465 11,344
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of (taxes) benefits of $(18,206), $16,011 and $(132,373) for 2016, 2015 and 2014, respectively                 28,584 (25,139) 207,833
Other comprehensive income (loss), net of taxes                 (6,867) 1,116 (10,628)
Comprehensive income attributable to Hawaiian Electric Company, Inc.                 241,389 160,993 157,501
HECO                      
Net income for common stock                 142,317 135,714 137,641
Other comprehensive income (loss), net of taxes:                      
Effective portion of foreign currency hedge net unrealized losses arising during the period, net of tax benefits of $179, nil and nil for 2016, 2015 and 2014, respectively                 (281)    
Less: reclassification adjustment to net income, net of (taxes) benefit of $(76), $150 and $150 for 2016, 2015 and 2014, respectively                 (173)    
Net gains (losses) arising during the period, net of (taxes) benefits of $27,703, $(3,753) and $149,364 for 2016, 2015 and 2014, respectively                 (42,631) 5,638 (218,608)
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $9,267, $14,344 and $7,245 for 2016, 2015 and 2014, respectively                 13,254 20,381 10,212
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of (taxes) benefits of $(18,206), $16,011 and $(132,373) for 2016, 2015 and 2014, respectively                 28,584 (25,139) 207,833
Other comprehensive income (loss), net of taxes                 (1,247) 880 (563)
Comprehensive income attributable to Hawaiian Electric Company, Inc.                 141,070 136,594 137,078
Hawaii Electric Light Company, Inc. (HELCO)                      
Net income for common stock                 21,255 20,755 18,689
Other comprehensive income (loss), net of taxes:                      
Net gains (losses) arising during the period, net of (taxes) benefits of $27,703, $(3,753) and $149,364 for 2016, 2015 and 2014, respectively                 (5,141) (2,710) (28,725)
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $9,267, $14,344 and $7,245 for 2016, 2015 and 2014, respectively                 1,718 2,728 1,270
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of (taxes) benefits of $(18,206), $16,011 and $(132,373) for 2016, 2015 and 2014, respectively                 3,269 104 27,437
Other comprehensive income (loss), net of taxes                 (154) 122 (18)
Comprehensive income attributable to Hawaiian Electric Company, Inc.                 21,101 20,877 18,671
MECO                      
Net income for common stock                 21,136 22,165 22,275
Other comprehensive income (loss), net of taxes:                      
Net gains (losses) arising during the period, net of (taxes) benefits of $27,703, $(3,753) and $149,364 for 2016, 2015 and 2014, respectively                 (5,447) (1,352) (29,352)
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $9,267, $14,344 and $7,245 for 2016, 2015 and 2014, respectively                 1,549 2,503 1,090
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of (taxes) benefits of $(18,206), $16,011 and $(132,373) for 2016, 2015 and 2014, respectively                 3,852 (1,107) 28,257
Other comprehensive income (loss), net of taxes                 (46) 44 (5)
Comprehensive income attributable to Hawaiian Electric Company, Inc.                 21,090 22,209 22,270
Other subsidiaries                      
Net income for common stock                 0 0 0
Other comprehensive income (loss), net of taxes:                      
Net gains (losses) arising during the period, net of (taxes) benefits of $27,703, $(3,753) and $149,364 for 2016, 2015 and 2014, respectively                     0
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $9,267, $14,344 and $7,245 for 2016, 2015 and 2014, respectively                     0
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of (taxes) benefits of $(18,206), $16,011 and $(132,373) for 2016, 2015 and 2014, respectively                     0
Other comprehensive income (loss), net of taxes                     0
Comprehensive income attributable to Hawaiian Electric Company, Inc.                 0 0 0
Consolidating adjustments                      
Net income for common stock                 (42,391) (42,920) (40,964)
Other comprehensive income (loss), net of taxes:                      
Net gains (losses) arising during the period, net of (taxes) benefits of $27,703, $(3,753) and $149,364 for 2016, 2015 and 2014, respectively                 10,588 4,062 58,077
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $9,267, $14,344 and $7,245 for 2016, 2015 and 2014, respectively                 (3,267) (5,231) (2,360)
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of (taxes) benefits of $(18,206), $16,011 and $(132,373) for 2016, 2015 and 2014, respectively                 (7,121) 1,003 (55,694)
Other comprehensive income (loss), net of taxes                 200 (166) 23
Comprehensive income attributable to Hawaiian Electric Company, Inc.                 (42,191) (43,086) (40,941)
HECO Consolidated                      
Net income for common stock $ 34,119 $ 46,974 $ 35,857 $ 25,367 $ 32,993 $ 43,006 $ 32,841 $ 26,874 142,317 135,714 137,641
Other comprehensive income (loss), net of taxes:                      
Effective portion of foreign currency hedge net unrealized losses arising during the period, net of tax benefits of $179, nil and nil for 2016, 2015 and 2014, respectively                 (281) 0 0
Less: reclassification adjustment to net income, net of (taxes) benefit of $(76), $150 and $150 for 2016, 2015 and 2014, respectively                 (173) 0 0
Net gains (losses) arising during the period, net of (taxes) benefits of $27,703, $(3,753) and $149,364 for 2016, 2015 and 2014, respectively                 (42,631) 5,638 (218,608)
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $9,267, $14,344 and $7,245 for 2016, 2015 and 2014, respectively                 13,254 20,381 10,212
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of (taxes) benefits of $(18,206), $16,011 and $(132,373) for 2016, 2015 and 2014, respectively                 28,584 (25,139) 207,833
Other comprehensive income (loss), net of taxes                 (1,247) 880 (563)
Comprehensive income attributable to Hawaiian Electric Company, Inc.                 $ 141,070 $ 136,594 $ 137,078