Revenues

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Revenue from contracts with customers. The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:

	Three months ended June 30, 2020								Six months ended June 30, 2020
(in thousands)	Electric  utility		Bank		Other		Total		Electric  utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	187,590	$	—	$	—	$	187,590	$	377,856	$	—	$	—	$	377,856
Electric energy sales - commercial	159,874		—		—		159,874		356,979		—		—		356,979
Electric energy sales - large light and power	176,467		—		—		176,467		392,687		—		—		392,687
Electric energy sales - other	1,779		—		—		1,779		5,237		—		—		5,237
Bank fees	—		7,211		—		7,211		—		18,767		—		18,767
Total revenues from contracts with customers	525,710		7,211		—		532,921		1,132,759		18,767		—		1,151,526
Revenues from other sources
Regulatory revenue	2,826		—		—		2,826		(12,478)		—		—		(12,478)
Bank interest and dividend income	—		59,829		—		59,829		—		124,804		—		124,804
Other bank noninterest income	—		7,674		—		7,674		—		10,881		—		10,881
Other	5,679		—		16		5,695		11,376		—		22		11,398
Total revenues from other sources	8,505		67,503		16		76,024		(1,102)		135,685		22		134,605
Total revenues	$	534,215	$	74,714	$	16	$	608,945	$	1,131,657	$	154,452	$	22	$	1,286,131
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	7,211	$	—	$	7,211	$	—	$	18,767	$	—	$	18,767
Services/goods transferred over time	525,710		—		—		525,710		1,132,759		—		—		1,132,759
Total revenues from contracts with customers	$	525,710	$	7,211	$	—	$	532,921	$	1,132,759	$	18,767	$	—	$	1,151,526

	Three months ended June 30, 2019								Six months ended June 30, 2019
(in thousands)	Electric  utility		Bank		Other		Total		Electric  utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	195,868	$	—	$	—	$	195,868	$	371,613	$	—	$	—	$	371,613
Electric energy sales - commercial	217,278		—		—		217,278		404,686		—		—		404,686
Electric energy sales - large light and power	231,869		—		—		231,869		430,795		—		—		430,795
Electric energy sales - other	3,774		—		—		3,774		7,852		—		—		7,852
Bank fees	—		11,632		—		11,632		—		22,865		—		22,865
Total revenues from contracts with customers	648,789		11,632		—		660,421		1,214,946		22,865		—		1,237,811
Revenues from other sources
Regulatory revenue	(20,360)		—		—		(20,360)		(14,153)		—		—		(14,153)
Bank interest and dividend income	—		66,155		—		66,155		—		134,643		—		134,643
Other bank noninterest income	—		3,900		—		3,900		—		7,231		—		7,231
Other	5,355		—		14		5,369		11,486		—		82		11,568
Total revenues from other sources	(15,005)		70,055		14		55,064		(2,667)		141,874		82		139,289
Total revenues	$	633,784	$	81,687	$	14	$	715,485	$	1,212,279	$	164,739	$	82	$	1,377,100
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	11,632	$	—	$	11,632	$	—	$	22,865	$	—	$	22,865
Services/goods transferred over time	648,789		—		—		648,789		1,214,946		—		—		1,214,946
Total revenues from contracts with customers	$	648,789	$	11,632	$	—	$	660,421	$	1,214,946	$	22,865	$	—	$	1,237,811

There are no material contract assets or liabilities associated with revenues from contracts with customers existing at the beginning of the period or as of June 30, 2020. Accounts receivable and unbilled revenues related to contracts with customers represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are

disclosed as accounts receivable and unbilled revenues, net on HEI’s condensed consolidated balance sheets and customer accounts receivable, net and accrued unbilled revenues, net on Hawaiian Electric’s condensed consolidated balance sheets.

As of June 30, 2020, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers. For ASB, fees are recognized when a transaction is completed.