XML 57 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Electric utility segment - Condensed consolidating balance sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Dec. 31, 2016
Utility property, plant and equipment        
Total property, plant and equipment, net $ 4,542,558 $ 4,460,248    
Current assets        
Cash and cash equivalents 244,785 261,881 $ 234,230 $ 278,452
Other long-term assets        
Total assets 12,702,718 12,534,160    
Capitalization        
Common stock equity 2,091,777 2,097,386 2,065,588 2,066,753
Cumulative preferred stock—not subject to mandatory redemption 0 0    
Current liabilities        
Interest and preferred dividends payable 29,786 25,837    
Deferred credits and other liabilities        
Total liabilities and shareholders’ equity 12,702,718 12,534,160    
Hawaiian Electric Company        
Utility property, plant and equipment        
Land 44,001 43,972    
Plant and equipment 4,176,161 4,140,892    
Less accumulated depreciation (1,472,313) (1,451,612)    
Construction in progress 256,058 231,571    
Utility property, plant and equipment, net 3,003,907 2,964,823    
Nonutility property, plant and equipment, less accumulated depreciation 5,935 5,933    
Total property, plant and equipment, net 3,009,842 2,970,756    
Investment in wholly owned subsidiaries, at equity 559,511 557,013    
Current assets        
Cash and cash equivalents 11,988 2,059 8,617 61,388
Advances to affiliates 3,000 0    
Customer accounts receivable, net 97,943 86,987    
Accrued unbilled revenues, net 70,618 77,176    
Other accounts receivable, net 10,019 11,376    
Fuel oil stock, at average cost 66,294 64,972    
Materials and supplies, at average cost 29,420 28,325    
Prepayments and other 22,811 17,928    
Regulatory assets 87,449 76,203    
Total current assets 399,542 365,026    
Other long-term assets        
Regulatory assets 549,020 557,464    
Other 63,792 60,157    
Total other long-term assets 612,812 617,621    
Total assets 4,581,707 4,510,416    
Capitalization        
Common stock equity 1,846,955 1,845,283 1,799,769 1,799,787
Cumulative preferred stock—not subject to mandatory redemption 22,293 22,293    
Long-term debt, net 925,065 924,979    
Total capitalization 2,794,313 2,792,555    
Current liabilities        
Current portion of long-term debt 29,984 29,978    
Short-term borrowings from non-affiliates 121,983 4,999    
Short-term borrowings from affiliate 0 12,000    
Accounts payable 102,402 121,328    
Interest and preferred dividends payable 18,422 15,677    
Taxes accrued, including revenue taxes 107,968 133,839    
Regulatory liabilities 2,612 607    
Other 45,137 43,121    
Total current liabilities 428,508 361,549    
Deferred credits and other liabilities        
Deferred income taxes 281,581 281,223    
Regulatory liabilities 620,758 613,329    
Unamortized tax credits 60,318 59,039    
Defined benefit pension and other postretirement benefit plans liability 335,674 340,983    
Other 60,555 61,738    
Total deferred credits and other liabilities 1,358,886 1,356,312    
Total liabilities and shareholders’ equity 4,581,707 4,510,416    
HELCO        
Utility property, plant and equipment        
Land 5,923 6,189    
Plant and equipment 1,212,692 1,206,776    
Less accumulated depreciation (534,083) (528,024)    
Construction in progress 10,150 8,182    
Utility property, plant and equipment, net 694,682 693,123    
Nonutility property, plant and equipment, less accumulated depreciation 115 115    
Total property, plant and equipment, net 694,797 693,238    
Investment in wholly owned subsidiaries, at equity 0 0    
Current assets        
Cash and cash equivalents 5,080 4,025 2,952 10,749
Advances to affiliates 0 0    
Customer accounts receivable, net 24,117 22,510    
Accrued unbilled revenues, net 15,182 15,940    
Other accounts receivable, net 1,973 2,268    
Fuel oil stock, at average cost 9,501 8,698    
Materials and supplies, at average cost 8,591 8,041    
Prepayments and other 3,661 4,514    
Regulatory assets 6,698 5,038    
Total current assets 74,803 71,034    
Other long-term assets        
Regulatory assets 120,529 122,783    
Other 17,751 16,311    
Total other long-term assets 138,280 139,094    
Total assets 907,880 903,366    
Capitalization        
Common stock equity 288,927 286,647 292,001 291,291
Cumulative preferred stock—not subject to mandatory redemption 7,000 7,000    
Long-term debt, net 202,725 202,701    
Total capitalization 498,652 496,348    
Current liabilities        
Current portion of long-term debt 10,994 10,992    
Short-term borrowings from non-affiliates 0 0    
Short-term borrowings from affiliate 3,000 0    
Accounts payable 17,867 17,855    
Interest and preferred dividends payable 4,006 4,174    
Taxes accrued, including revenue taxes 33,213 34,950    
Regulatory liabilities 2,387 1,245    
Other 9,127 9,818    
Total current liabilities 80,594 79,034    
Deferred credits and other liabilities        
Deferred income taxes 55,093 56,955    
Regulatory liabilities 172,193 169,139    
Unamortized tax credits 16,315 16,167    
Defined benefit pension and other postretirement benefit plans liability 65,340 66,447    
Other 19,693 19,276    
Total deferred credits and other liabilities 328,634 327,984    
Total liabilities and shareholders’ equity 907,880 903,366    
Maui Electric        
Utility property, plant and equipment        
Land 3,016 3,016    
Plant and equipment 1,063,362 1,053,372    
Less accumulated depreciation (501,546) (496,716)    
Construction in progress 25,729 23,341    
Utility property, plant and equipment, net 590,561 583,013    
Nonutility property, plant and equipment, less accumulated depreciation 1,532 1,532    
Total property, plant and equipment, net 592,093 584,545    
Investment in wholly owned subsidiaries, at equity 0 0    
Current assets        
Cash and cash equivalents 6,230 6,332 1,537 2,048
Advances to affiliates 0 12,000    
Customer accounts receivable, net 19,373 18,392    
Accrued unbilled revenues, net 13,835 13,938    
Other accounts receivable, net 1,314 1,210    
Fuel oil stock, at average cost 12,928 13,203    
Materials and supplies, at average cost 17,681 18,031    
Prepayments and other 3,736 2,913    
Regulatory assets 8,653 7,149    
Total current assets 83,750 93,168    
Other long-term assets        
Regulatory assets 100,150 100,660    
Other 16,752 15,061    
Total other long-term assets 116,902 115,721    
Total assets 792,745 793,434    
Capitalization        
Common stock equity 270,483 270,265 260,586 259,554
Cumulative preferred stock—not subject to mandatory redemption 5,000 5,000    
Long-term debt, net 190,864 190,836    
Total capitalization 466,347 466,101    
Current liabilities        
Current portion of long-term debt 8,995 8,993    
Short-term borrowings from non-affiliates 0 0    
Short-term borrowings from affiliate 0 0    
Accounts payable 22,130 20,427    
Interest and preferred dividends payable 3,791 2,735    
Taxes accrued, including revenue taxes 25,284 30,312    
Regulatory liabilities 1,934 1,549    
Other 14,949 14,197    
Total current liabilities 77,083 78,213    
Deferred credits and other liabilities        
Deferred income taxes 56,415 55,863    
Regulatory liabilities 95,209 94,901    
Unamortized tax credits 15,303 15,163    
Defined benefit pension and other postretirement benefit plans liability 64,612 65,518    
Other 17,776 17,675    
Total deferred credits and other liabilities 249,315 249,120    
Total liabilities and shareholders’ equity 792,745 793,434    
Other subsidiaries        
Utility property, plant and equipment        
Land 0 0    
Plant and equipment 0 0    
Less accumulated depreciation 0 0    
Construction in progress 0 0    
Utility property, plant and equipment, net 0 0    
Nonutility property, plant and equipment, less accumulated depreciation 0 0    
Total property, plant and equipment, net 0 0    
Investment in wholly owned subsidiaries, at equity 0 0    
Current assets        
Cash and cash equivalents 101 101 101 101
Advances to affiliates 0 0    
Customer accounts receivable, net 0 0    
Accrued unbilled revenues, net 0 0    
Other accounts receivable, net 0 0    
Fuel oil stock, at average cost 0 0    
Materials and supplies, at average cost 0 0    
Prepayments and other 0 0    
Regulatory assets 0 0    
Total current assets 101 101    
Other long-term assets        
Regulatory assets 0 0    
Other 0 0    
Total other long-term assets 0 0    
Total assets 101 101    
Capitalization        
Common stock equity 101 101 101 101
Cumulative preferred stock—not subject to mandatory redemption 0 0    
Long-term debt, net 0 0    
Total capitalization 101 101    
Current liabilities        
Current portion of long-term debt 0 0    
Short-term borrowings from non-affiliates 0 0    
Short-term borrowings from affiliate 0 0    
Accounts payable 0 0    
Interest and preferred dividends payable 0 0    
Taxes accrued, including revenue taxes 0 0    
Regulatory liabilities 0 0    
Other 0 0    
Total current liabilities 0 0    
Deferred credits and other liabilities        
Deferred income taxes 0 0    
Regulatory liabilities 0 0    
Unamortized tax credits 0 0    
Defined benefit pension and other postretirement benefit plans liability 0 0    
Other 0 0    
Total deferred credits and other liabilities 0 0    
Total liabilities and shareholders’ equity 101 101    
Consolidating adjustments        
Utility property, plant and equipment        
Land 0 0    
Plant and equipment 0 0    
Less accumulated depreciation 0 0    
Construction in progress 0 0    
Utility property, plant and equipment, net 0 0    
Nonutility property, plant and equipment, less accumulated depreciation 0 0    
Total property, plant and equipment, net 0 0    
Investment in wholly owned subsidiaries, at equity (559,511) (557,013)    
Current assets        
Cash and cash equivalents 0 0 0 0
Advances to affiliates (3,000) (12,000)    
Customer accounts receivable, net 0 0    
Accrued unbilled revenues, net 0 0    
Other accounts receivable, net (9,353) (7,691)    
Fuel oil stock, at average cost 0 0    
Materials and supplies, at average cost 0 0    
Prepayments and other 0 0    
Regulatory assets 0 0    
Total current assets (12,353) (19,691)    
Other long-term assets        
Regulatory assets 0 0    
Other 0 0    
Total other long-term assets 0 0    
Total assets (571,864) (576,704)    
Capitalization        
Common stock equity (559,511) (557,013) (552,688) (550,946)
Cumulative preferred stock—not subject to mandatory redemption 0 0    
Long-term debt, net 0 0    
Total capitalization (559,511) (557,013)    
Current liabilities        
Current portion of long-term debt 0 0    
Short-term borrowings from non-affiliates 0 0    
Short-term borrowings from affiliate (3,000) (12,000)    
Accounts payable 0 0    
Interest and preferred dividends payable (15) (11)    
Taxes accrued, including revenue taxes 0 0    
Regulatory liabilities 0 0    
Other (9,338) (7,680)    
Total current liabilities (12,353) (19,691)    
Deferred credits and other liabilities        
Deferred income taxes 0 0    
Regulatory liabilities 0 0    
Unamortized tax credits 0 0    
Defined benefit pension and other postretirement benefit plans liability 0 0    
Other 0 0    
Total deferred credits and other liabilities 0 0    
Total liabilities and shareholders’ equity (571,864) (576,704)    
Hawaiian Electric Company, Inc. and Subsidiaries        
Utility property, plant and equipment        
Land 52,940 53,177    
Plant and equipment 6,452,215 6,401,040    
Less accumulated depreciation (2,507,942) (2,476,352)    
Construction in progress 291,937 263,094    
Utility property, plant and equipment, net 4,289,150 4,240,959    
Nonutility property, plant and equipment, less accumulated depreciation 7,582 7,580    
Total property, plant and equipment, net 4,296,732 4,248,539    
Investment in wholly owned subsidiaries, at equity 0 0    
Current assets        
Cash and cash equivalents 23,399 12,517 13,207 74,286
Advances to affiliates 0 0    
Customer accounts receivable, net 141,433 127,889    
Accrued unbilled revenues, net 99,635 107,054    
Other accounts receivable, net 3,953 7,163    
Fuel oil stock, at average cost 88,723 86,873    
Materials and supplies, at average cost 55,692 54,397    
Prepayments and other 30,208 25,355    
Regulatory assets 102,800 88,390    
Total current assets 545,843 509,638    
Other long-term assets        
Regulatory assets 769,699 780,907    
Other 98,295 91,529    
Total other long-term assets 867,994 872,436    
Total assets 5,710,569 5,630,613    
Capitalization        
Common stock equity 1,846,955 1,845,283 $ 1,799,769 $ 1,799,787
Cumulative preferred stock—not subject to mandatory redemption 34,293 34,293    
Long-term debt, net 1,318,654 1,318,516    
Total capitalization 3,199,902 3,198,092    
Current liabilities        
Current portion of long-term debt 49,973 49,963    
Short-term borrowings from non-affiliates 121,983 4,999    
Short-term borrowings from affiliate 0 0    
Accounts payable 142,399 159,610    
Interest and preferred dividends payable 26,204 22,575    
Taxes accrued, including revenue taxes 166,465 199,101    
Regulatory liabilities 6,933 3,401    
Other 59,875 59,456    
Total current liabilities 573,832 499,105    
Deferred credits and other liabilities        
Deferred income taxes 393,089 394,041    
Regulatory liabilities 888,160 877,369    
Unamortized tax credits 91,936 90,369    
Defined benefit pension and other postretirement benefit plans liability 465,626 472,948    
Other 98,024 98,689    
Total deferred credits and other liabilities 1,936,835 1,933,416    
Total liabilities and shareholders’ equity $ 5,710,569 $ 5,630,613