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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and Cash Equivalents, at Carrying Value $ 205,514 $ 196,813
Restricted Cash and Cash Equivalents 30,902 30,872
Accounts receivable and unbilled revenues, net 303,161 300,794
Available-for-sale investment securities, at fair value 1,340,241 1,232,826
Held-to-maturity investment securities, at amortized cost 134,656 139,451
Stock in Federal Home Loan Bank, at cost 9,760 8,434
Loans held for investment, net 5,103,848 5,067,821
Loans held for sale, at lower of cost or fair value 18,155 12,286
Property, plant and equipment, net of accumulated depreciation 5,150,385 5,109,628
Regulatory assets 698,644 715,080
Other 570,720 649,885
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 5,150,385 5,109,628
Current assets    
Cash and Cash Equivalents, at Carrying Value 205,514 196,813
Other long-term assets    
Operating lease right-of-use assets 200,842 199,171
Total assets 13,849,018 13,745,251
Liabilities    
Accounts payable 189,563 220,633
Interest and dividends payable 32,588 24,941
Deposit liabilities 6,383,783 6,271,902
Short-term borrowings—other than bank 99,956 185,710
Other bank borrowings 157,605 115,110
Long-term debt, net—other than bank 2,068,092 1,964,365
Deferred income taxes 382,872 379,324
Operating lease liabilities 206,601 199,571
Regulatory liabilities 989,970 972,310
Defined benefit pension and other postretirement benefit plans liability 505,212 513,287
Other 521,978 583,545
Total liabilities 11,538,220 11,430,698
Capitalization    
Retained earnings 604,071 622,042
Accumulated other comprehensive loss, net of tax benefits (1,827) (20,039)
Total shareholders’ equity 2,276,505 2,280,260
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Interest and dividends payable 32,588 24,941
Deferred credits and other liabilities    
Deferred income taxes 382,872 379,324
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: 109,145,492 shares and 108,973,328 shares at March 31, 2020 and December 31, 2019, respectively 1,674,261 1,678,257
Retained earnings 604,071 622,042
Accumulated other comprehensive loss, net of tax benefits (1,827) (20,039)
Total shareholders’ equity 2,276,505 2,280,260
Total liabilities and shareholders’ equity 13,849,018 13,745,251
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and Cash Equivalents, at Carrying Value 12,409 11,022
Restricted Cash and Cash Equivalents 30,902 30,872
Property, plant and equipment, net of accumulated depreciation 4,837,644 4,801,977
Utility property, plant and equipment    
Land 51,607 51,816
Plant and equipment 7,305,655 7,240,288
Less accumulated depreciation (2,726,103) (2,690,157)
Construction in progress 199,529 193,074
Utility property, plant and equipment, net 4,830,688 4,795,021
Nonutility property, plant and equipment, less accumulated depreciation 6,956 6,956
Total property, plant and equipment, net 4,837,644 4,801,977
Current assets    
Cash and Cash Equivalents, at Carrying Value 12,409 11,022
Customer accounts receivable, net 158,680 152,790
Accrued unbilled revenues, net 113,780 117,227
Other accounts receivable, net 11,247 11,568
Fuel oil stock, at average cost 89,527 91,937
Materials and supplies, at average cost 61,198 60,702
Prepayments and other 35,907 116,980
Regulatory assets 28,967 30,710
Total current assets 542,617 623,808
Other long-term assets    
Operating lease right-of-use assets 177,097 176,809
Regulatory assets 669,677 684,370
Other 108,893 101,718
Total other long-term assets 955,667 962,897
Total assets 6,335,928 6,388,682
Liabilities    
Interest and dividends payable 27,941 20,728
Deferred income taxes 380,869 377,150
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,048,783 shares at March 31, 2020 and December 31, 2019) 113,678 113,678
Premium on capital stock 714,824 714,824
Retained earnings 1,217,250 1,220,129
Accumulated other comprehensive loss, net of tax benefits (1,253) (1,279)
Total shareholders’ equity 2,044,499 2,047,352
Long-term debt, net 1,496,638 1,401,714
Total capitalization 3,575,430 3,483,359
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Current portion of operating lease liabilities 63,743 63,707
Current portion of long-term debt 13,997 95,953
Short-term borrowings from non-affiliates 99,956 88,987
Accounts payable 145,935 187,770
Interest and dividends payable 27,941 20,728
Taxes accrued, including revenue taxes 158,991 207,992
Regulatory liabilities 42,711 30,724
Other 65,748 67,305
Total current liabilities 619,022 763,166
Deferred credits and other liabilities    
Operating lease liabilities 118,953 113,400
Deferred income taxes 380,869 377,150
Regulatory liabilities 947,259 941,586
Unamortized tax credits 114,878 117,868
Defined benefit pension and other postretirement benefit plans liability 470,811 478,763
Other 108,706 113,390
Total deferred credits and other liabilities 2,141,476 2,142,157
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Retained earnings 1,217,250 1,220,129
Accumulated other comprehensive loss, net of tax benefits (1,253) (1,279)
Total shareholders’ equity 2,044,499 2,047,352
Total liabilities and shareholders’ equity $ 6,335,928 $ 6,388,682