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Consolidated Statements of Cash Flows - HECO - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 219,772,000 $ 203,664,000 $ 167,187,000
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 229,858,000 214,036,000 200,658,000
Other amortization 48,255,000 41,593,000 21,340,000
Deferred income taxes (15,085,000) (9,368,000) 37,835,000
Allowance for equity funds used during construction (11,987,000) (10,877,000) (12,483,000)
Other 10,822,000 (4,219,000) (3,324,000)
Changes in assets and liabilities      
Decrease (increase) in fuel oil stock (11,493,000) 7,054,000 (20,794,000)
Decrease (increase) in regulatory assets 71,262,000 9,252,000 (17,256,000)
Change in prepaid and accrued income taxes, tax credits and revenue taxes (27,538,000) 29,429,000 20,685,000
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability (4,482,000) 20,871,000 882,000
Change in other assets and liabilities (34,724,000) 15,488,000 (25,551,000)
Net cash provided by operating activities 512,470,000 499,312,000 420,441,000
Cash flows from investing activities      
Capital expenditures (457,520,000) (537,369,000) (495,187,000)
Other, net 13,292,000 14,534,000 7,487,000
Net cash used in investing activities (541,709,000) (792,059,000) (815,299,000)
Cash flows from financing activities      
Common stock dividends (139,463,000) (134,987,000) (134,873,000)
Proceeds from issuance of long-term debt 289,349,000 250,000,000 532,325,000
Repayment of long-term debt and funds transferred for repayment of long-term debt (287,285,000) (53,887,000) (465,000,000)
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 86,718,000 (18,999,000) 67,992,000
Repayment of short-term debt (50,000,000) (50,000,000) (75,000,000)
Other (1,836,000) (1,603,000) (6,349,000)
Net cash used in financing activities 87,716,000 200,074,000 378,287,000
Net decrease in cash and equivalents 58,477,000 (92,673,000) (16,571,000)
Cash, cash equivalents and restricted cash, January 1 169,208,000 261,881,000 278,452,000
Cash, cash equivalents and restricted cash, December 31 227,685,000 169,208,000 261,881,000
Less: Restricted cash (30,872,000) 0 0
Cash and cash equivalents 196,813,000 169,208,000 261,881,000
Hawaiian Electric Company, Inc. and Subsidiaries      
Cash flows from operating activities      
Net income 158,835,000 145,648,000 121,946,000
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 215,731,000 203,626,000 192,784,000
Other amortization 29,631,000 26,602,000 8,498,000
Deferred income taxes (16,284,000) (7,982,000) 38,037,000
Income tax credits, net 27,259,000 (99,000) (52,000)
State refundable credit (8,369,000) (6,239,000) (2,251,000)
Allowance for equity funds used during construction (11,987,000) (10,877,000) (12,483,000)
Other 200,000 4,768,000 1,237,000
Changes in assets and liabilities      
Decrease (increase) in accounts receivable 20,956,000 (50,917,000) 2,914,000
Decrease (increase) in accrued unbilled revenues 4,511,000 (14,684,000) (15,361,000)
Decrease (increase) in fuel oil stock (12,002,000) 6,938,000 (20,443,000)
Increase in materials and supplies (5,498,000) (807,000) (718,000)
Decrease (increase) in regulatory assets 71,262,000 9,252,000 (17,256,000)
Increase in regulatory liabilities 1,953,000 37,358,000 3,602,000
Increase (decrease) in accounts payable (2,051,000) 24,358,000 25,734,000
Change in prepaid and accrued income taxes, tax credits and revenue taxes (28,523,000) 25,036,000 29,862,000
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability (4,448,000) 18,746,000 604,000
Change in other assets and liabilities (17,220,000) (17,114,000) (21,468,000)
Net cash provided by operating activities 423,956,000 393,613,000 335,186,000
Cash flows from investing activities      
Capital expenditures (419,898,000) (415,264,000) (376,865,000)
Other, net 11,374,000 10,082,000 4,578,000
Net cash used in investing activities (408,524,000) (405,182,000) (372,287,000)
Cash flows from financing activities      
Common stock dividends (101,252,000) (103,305,000) (87,767,000)
Preferred stock dividends of Hawaiian Electric and subsidiaries (1,995,000) (1,995,000) (1,995,000)
Proceeds from issuance of common stock 35,500,000 70,700,000 14,000,000
Proceeds from issuance of long-term debt 280,000,000 100,000,000 315,000,000
Repayment of long-term debt and funds transferred for repayment of long-term debt (283,546,000) (50,000,000) (265,000,000)
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 38,987,000 (4,999,000) 4,999,000
Proceeds from issuance of short-term debt 75,000,000 25,000,000 0
Repayment of short-term debt (50,000,000) 0 0
Other (2,109,000) (472,000) (3,905,000)
Net cash used in financing activities (9,415,000) 34,929,000 (24,668,000)
Net decrease in cash and equivalents 6,017,000 23,360,000 (61,769,000)
Cash, cash equivalents and restricted cash, January 1 35,877,000 12,517,000 74,286,000
Cash, cash equivalents and restricted cash, December 31 41,894,000 35,877,000 12,517,000
Less: Restricted cash (30,872,000) 0 0
Cash and cash equivalents $ 11,022,000 $ 35,877,000 $ 12,517,000