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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Total revenues $ 591,562 $ 550,960
Expenses    
Purchased power 127,000 116,000
Total expenses 523,700 482,109
Total operating income 67,862 68,851
Allowance for equity funds used during construction 2,399 1,739
Allowance for borrowed funds used during construction 889 662
Income taxes 16,916 18,301
Net income 34,666 32,825
Preferred stock dividends of subsidiaries 473 473
Net income for common stock 34,193 32,352
Hawaiian Electric Company, Inc. and Subsidiaries    
Total revenues 518,611 482,052
Expenses    
Fuel oil 144,270 113,740
Purchased power 127,124 115,859
Other operation and maintenance 100,240 103,908
Depreciation 48,216 46,781
Taxes, other than income taxes 49,823 46,438
Total expenses 469,673 426,726
Total operating income 48,938 55,326
Allowance for equity funds used during construction 2,399 1,739
Interest expense and other charges, net (17,504) (17,308)
Allowance for borrowed funds used during construction 889 662
Income before income taxes 34,722 40,419
Income taxes 12,758 14,553
Net income 21,964 25,866
Preferred stock dividends of subsidiaries 229 229
Net income attributable to Hawaiian Electric 21,735 25,637
Preferred stock dividends of Hawaiian Electric 270 270
Net income for common stock $ 21,465 $ 25,367