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Consolidated Statements of Income - HECO Statement - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 725,966 $ 771,535 $ 715,485 $ 661,615 $ 761,650 $ 768,048 $ 685,277 $ 645,874 $ 2,874,601 $ 2,860,849 $ 2,555,625
Expenses                      
Total expenses                 2,525,927 2,527,493 2,209,392
Operating income 100,795 97,308 72,634 77,937 84,604 98,064 78,799 71,889 348,674 333,356 346,233
Allowance for equity funds used during construction                 11,987 10,877 12,483
Retirement defined benefits expense—other than service costs                 (2,806) (5,962) (7,942)
Allowance for borrowed funds used during construction                 4,453 4,867 4,778
Income before income taxes                 271,409 254,461 276,580
Income taxes                 51,637 50,797 109,393
Net income (loss) 66,736 63,890 42,985 46,161 50,046 66,371 46,527 40,720 219,772 203,664 167,187
Preferred stock dividends of subsidiaries                 1,890 1,890 1,890
Net income for common stock 66,263 63,419 42,512 45,688 49,573 65,900 46,054 40,247 217,882 201,774 165,297
Hawaiian Electric Company, Inc. and Subsidiaries                      
Revenues 645,333 688,330 633,784 578,495 680,563 687,409 608,126 570,427 2,545,942 2,546,525 2,257,566
Expenses                      
Fuel oil                 720,709 760,528 587,768
Purchased power                 633,256 639,307 586,634
Other operation and maintenance                 481,737 461,491 411,907
Depreciation                 215,731 203,626 192,784
Taxes, other than income taxes                 240,131 239,912 214,949
Total expenses                 2,291,564 2,304,864 1,994,042
Operating income 70,331 71,793 55,694 56,560 61,112 74,036 55,144 51,369 254,378 241,661 263,524
Allowance for equity funds used during construction                 11,987 10,877 12,483
Retirement defined benefits expense—other than service costs                 (2,836) (3,631) (6,003)
Interest expense and other charges, net                 (70,842) (73,348) (69,637)
Allowance for borrowed funds used during construction                 4,453 4,867 4,778
Income before income taxes                 197,140 180,426 205,145
Income taxes                 38,305 34,778 83,199
Net income (loss) 45,860 47,277 33,073 32,625 35,796 50,210 31,668 27,974 158,835 145,648 121,946
Preferred stock dividends of subsidiaries                 915 915 915
Net income attributable to Hawaiian Electric                 157,920 144,733 121,031
Preferred stock dividends of Hawaiian Electric                 1,080 1,080 1,080
Net income for common stock $ 45,361 $ 46,779 $ 32,574 $ 32,126 $ 35,297 $ 49,712 $ 31,169 $ 27,475 $ 156,840 $ 143,653 $ 119,951