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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and Cash Equivalents, at Carrying Value $ 574,482 $ 196,813
Restricted Cash and Cash Equivalents 29,376 30,872
Accounts receivable and unbilled revenues, net 271,314 300,794
Available-for-sale investment securities, at fair value 1,389,633 1,232,826
Held-to-maturity investment securities, at amortized cost 124,623 139,451
Stock in Federal Home Loan Bank, at cost 9,880 8,434
Loans held for investment, net 5,356,510 5,067,821
Loans held for sale, at lower of cost or fair value 37,143 12,286
Property, plant and equipment, net of accumulated depreciation 5,181,427 5,109,628
Regulatory assets 682,570 715,080
Other 556,793 649,885
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 5,181,427 5,109,628
Current assets    
Cash and Cash Equivalents, at Carrying Value 574,482 196,813
Other long-term assets    
Operating lease right-of-use assets 184,759 199,171
Total assets 14,480,700 13,745,251
Liabilities    
Accounts payable 142,113 220,633
Interest and dividends payable 24,396 24,941
Deposit liabilities 7,029,952 6,271,902
Short-term borrowings—other than bank 131,180 185,710
Other bank borrowings 124,975 115,110
Long-term debt, net—other than bank 2,070,224 1,964,365
Deferred income taxes 368,834 379,324
Operating lease liabilities 191,058 199,571
Regulatory liabilities 977,780 972,310
Defined benefit pension and other postretirement benefit plans liability 514,415 513,287
Other 580,082 583,545
Total liabilities 12,155,009 11,430,698
Capitalization    
Retained earnings 616,941 622,042
Accumulated other comprehensive loss, net of tax benefits (2,159) (20,039)
Total shareholders’ equity 2,291,398 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 24,396 24,941
Deferred credits and other liabilities    
Deferred income taxes 368,834 379,324
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: 109,181,124 shares and 108,973,328 shares at June 30, 2020 and December 31, 2019, respectively 1,676,616 1,678,257
Retained earnings 616,941 622,042
Accumulated other comprehensive loss, net of tax benefits (2,159) (20,039)
Total shareholders’ equity 2,291,398 2,280,260
Total liabilities and shareholders’ equity 14,480,700 13,745,251
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and Cash Equivalents, at Carrying Value 63,995 11,022
Restricted Cash and Cash Equivalents 29,376 30,872
Property, plant and equipment, net of accumulated depreciation 4,868,346 4,801,977
Regulatory assets 6,500  
Utility property, plant and equipment    
Land 51,607 51,816
Plant and equipment 7,353,841 7,240,288
Less accumulated depreciation (2,758,544) (2,690,157)
Construction in progress 214,487 193,074
Utility property, plant and equipment, net 4,861,391 4,795,021
Nonutility property, plant and equipment, less accumulated depreciation 6,955 6,956
Total property, plant and equipment, net 4,868,346 4,801,977
Current assets    
Cash and Cash Equivalents, at Carrying Value 63,995 11,022
Customer accounts receivable, net 138,038 152,790
Accrued unbilled revenues, net 100,601 117,227
Other accounts receivable, net 10,415 11,568
Fuel oil stock, at average cost 60,479 91,937
Materials and supplies, at average cost 66,244 60,702
Prepayments and other 37,929 116,980
Regulatory assets 21,286 30,710
Total current assets 528,363 623,808
Other long-term assets    
Operating lease right-of-use assets 161,029 176,809
Regulatory assets 661,284 684,370
Other 112,985 101,718
Total other long-term assets 935,298 962,897
Total assets 6,332,007 6,388,682
Liabilities    
Interest and dividends payable 20,659 20,728
Deferred income taxes 371,052 377,150
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,048,783 shares at June 30, 2020 and December 31, 2019) 113,678 113,678
Premium on capital stock 714,824 714,824
Retained earnings 1,232,795 1,220,129
Accumulated other comprehensive loss, net of tax benefits (1,228) (1,279)
Total shareholders’ equity 2,060,069 2,047,352
Long-term debt, net 1,560,955 1,401,714
Total capitalization 3,655,317 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 64,534 63,707
Current portion of long-term debt 14,000 95,953
Short-term borrowings from non-affiliates 49,919 88,987
Accounts payable 107,078 187,770
Interest and dividends payable 20,659 20,728
Taxes accrued, including revenue taxes 193,851 207,992
Regulatory liabilities 26,067 30,724
Other 71,691 67,305
Total current liabilities 547,799 763,166
Deferred credits and other liabilities    
Operating lease liabilities 102,570 113,400
Deferred income taxes 371,052 377,150
Regulatory liabilities 951,713 941,586
Unamortized tax credits 115,006 117,868
Defined benefit pension and other postretirement benefit plans liability 479,850 478,763
Other 108,700 113,390
Total deferred credits and other liabilities 2,128,891 2,142,157
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Retained earnings 1,232,795 1,220,129
Accumulated other comprehensive loss, net of tax benefits (1,228) (1,279)
Total shareholders’ equity 2,060,069 2,047,352
Total liabilities and shareholders’ equity $ 6,332,007 $ 6,388,682