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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 198,549 $ 169,208
Accounts receivable and unbilled revenues, net 309,285 325,672
Available-for-sale investment securities, at fair value 1,298,010 1,388,533
Held-to-maturity investment securities, at amortized cost 137,029 141,875
Stock in Federal Home Loan Bank, at cost 8,434 9,958
Loans held for investment, net 4,950,064 4,790,902
Loans held for sale, at lower of cost or fair value 9,196 1,805
Property, plant and equipment, net of accumulated depreciation 4,932,245 4,830,118
Regulatory assets 787,765 833,426
Other 598,842 530,364
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 4,932,245 4,830,118
Current assets    
Cash and cash equivalents 198,549 169,208
Other long-term assets    
Operating lease right-of-use assets 226,157  
Total assets 13,537,766 13,104,051
Liabilities    
Accounts payable 190,412 214,773
Interest and dividends payable 28,373 28,254
Deposit liabilities 6,257,383 6,158,852
Short-term borrowings—other than bank 211,893 73,992
Other bank borrowings 111,485 110,040
Long-term debt, net—other than bank 1,884,030 1,879,641
Deferred income taxes 380,233 372,518
Operating lease liabilities 225,865  
Regulatory liabilities 952,546 950,236
Defined benefit pension and other postretirement benefit plans liability 538,751 538,384
Other 513,916 580,788
Total liabilities 11,294,887 10,907,478
Capitalization    
Retained earnings 562,103 543,623
Accumulated other comprehensive loss, net of tax benefits (27,670) (50,610)
Total shareholders’ equity 2,208,586 2,162,280
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Interest and dividends payable 28,373 28,254
Deferred credits and other liabilities    
Deferred income taxes 380,233 372,518
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 0 0
Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 108,972,492 shares and 108,879,245 shares at June 30, 2019 and December 31, 2018, respectively 1,674,153 1,669,267
Retained earnings 562,103 543,623
Accumulated other comprehensive loss, net of tax benefits (27,670) (50,610)
Total shareholders’ equity 2,208,586 2,162,280
Total liabilities and shareholders’ equity 13,537,766 13,104,051
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and cash equivalents 23,361 35,877
Property, plant and equipment, net of accumulated depreciation 4,622,505 4,522,102
Utility property, plant and equipment    
Land 51,401 49,667
Plant and equipment 6,939,043 6,809,671
Less accumulated depreciation (2,650,210) (2,577,342)
Construction in progress 275,312 233,145
Utility property, plant and equipment, net 4,615,546 4,515,141
Nonutility property, plant and equipment, less accumulated depreciation 6,959 6,961
Total property, plant and equipment, net 4,622,505 4,522,102
Current assets    
Cash and cash equivalents 23,361 35,877
Customer accounts receivable, net 162,089 177,896
Accrued unbilled revenues, net 119,148 121,738
Other accounts receivable, net 8,489 6,215
Fuel oil stock, at average cost 121,641 79,935
Materials and supplies, at average cost 61,094 55,204
Prepayments and other 31,986 32,118
Regulatory assets 55,625 71,016
Total current assets 583,433 579,999
Other long-term assets    
Operating lease right-of-use assets 207,132  
Regulatory assets 732,140 762,410
Other 108,636 102,992
Total other long-term assets 1,047,908 865,402
Total assets 6,253,846 5,967,503
Liabilities    
Interest and dividends payable 23,345 23,215
Deferred income taxes 382,564 383,197
Operating lease liabilities 207,000  
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 16,751,488 shares at June 30, 2019 and December 31, 2018) 111,696 111,696
Premium on capital stock 681,305 681,305
Retained earnings 1,178,615 1,164,541
Accumulated other comprehensive loss, net of tax benefits 146 99
Total shareholders’ equity 1,971,762 1,957,641
Long-term debt, net 1,335,978 1,418,802
Total capitalization 3,342,033 3,410,736
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Current portion of operating lease liabilities 62,063 0
Current portion of long-term debt 81,939 0
Short-term borrowings from non-affiliates 161,901 25,000
Accounts payable 154,505 171,791
Interest and dividends payable 23,345 23,215
Taxes accrued, including revenue taxes 183,466 233,333
Regulatory liabilities 14,953 17,977
Other 62,052 60,003
Total current liabilities 744,224 531,319
Deferred credits and other liabilities    
Operating lease liabilities 144,769 0
Deferred income taxes 382,564 383,197
Regulatory liabilities 937,593 932,259
Unamortized tax credits 91,614 91,522
Defined benefit pension and other postretirement benefit plans liability 504,247 503,659
Other 106,802 114,811
Total deferred credits and other liabilities 2,167,589 2,025,448
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Retained earnings 1,178,615 1,164,541
Accumulated other comprehensive loss, net of tax benefits 146 99
Total shareholders’ equity 1,971,762 1,957,641
Total liabilities and shareholders’ equity $ 6,253,846 $ 5,967,503