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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 193,126 $ 196,813
Restricted cash 21,881 30,872
Accounts receivable and unbilled revenues, net 276,299 300,794
Available-for-sale investment securities, at fair value 1,747,658 1,232,826
Held-to-maturity investment securities, at amortized cost 133,858 139,451
Stock in Federal Home Loan Bank, at cost 10,920 8,434
Loans held for investment, net 5,389,443 5,067,821
Loans held for sale, at lower of cost or fair value 16,806 12,286
Property, plant and equipment, net of accumulated depreciation 5,232,177 5,109,628
Regulatory assets 677,683 715,080
Other 591,258 649,885
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 5,232,177 5,109,628
Current assets    
Cash and cash equivalents 193,126 196,813
Other long-term assets    
Operating lease right-of-use assets 169,062 199,171
Total assets 14,542,361 13,745,251
Liabilities    
Accounts payable 158,292 220,633
Interest and dividends payable 34,271 24,941
Deposit liabilities 7,038,137 6,271,902
Short-term borrowings—other than bank 137,783 185,710
Other bank borrowings 151,875 115,110
Long-term debt, net—other than bank 2,068,852 1,964,365
Deferred income taxes 376,356 379,324
Operating lease liabilities 176,258 199,571
Regulatory liabilities 967,846 972,310
Defined benefit pension and other postretirement benefit plans liability 488,314 513,287
Other 586,853 583,545
Total liabilities 12,184,837 11,430,698
Capitalization    
Retained earnings 645,943 622,042
Accumulated other comprehensive loss, net of tax benefits (719) (20,039)
Total shareholders’ equity 2,323,231 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 34,271 24,941
Deferred credits and other liabilities    
Deferred income taxes 376,356 379,324
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 September 30, 2020 and December 31, 2019, respectively 1,678,007 1,678,257
Retained earnings 645,943 622,042
Accumulated other comprehensive loss, net of tax benefits (719) (20,039)
Total shareholders’ equity 2,323,231 2,280,260
Total liabilities and shareholders’ equity 14,542,361 13,745,251
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and cash equivalents 29,800 11,022
Restricted cash 20,458 30,872
Property, plant and equipment, net of accumulated depreciation 4,904,071 4,801,977
Regulatory assets 12,400  
Utility property, plant and equipment    
Land 51,589 51,816
Plant and equipment 7,422,908 7,240,288
Less accumulated depreciation (2,789,917) (2,690,157)
Construction in progress 212,537 193,074
Utility property, plant and equipment, net 4,897,117 4,795,021
Nonutility property, plant and equipment, less accumulated depreciation 6,954 6,956
Total property, plant and equipment, net 4,904,071 4,801,977
Current assets    
Cash and cash equivalents 29,800 11,022
Customer accounts receivable, net 137,936 152,790
Accrued unbilled revenues, net 106,415 117,227
Other accounts receivable, net 7,074 11,568
Fuel oil stock, at average cost 60,443 91,937
Materials and supplies, at average cost 68,794 60,702
Prepayments and other 39,644 116,980
Regulatory assets 25,462 30,710
Total current assets 496,026 623,808
Other long-term assets    
Operating lease right-of-use assets 144,740 176,809
Regulatory assets 652,221 684,370
Other 125,246 101,718
Total other long-term assets 922,207 962,897
Total assets 6,322,304 6,388,682
Liabilities    
Interest and dividends payable 30,244 20,728
Deferred income taxes 381,535 377,150
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,048,783 shares at September 30, 2020 and December 31, 2019) 113,678 113,678
Premium on capital stock 714,824 714,824
Retained earnings 1,266,076 1,220,129
Accumulated other comprehensive loss, net of tax benefits (1,180) (1,279)
Total shareholders’ equity 2,093,398 2,047,352
Long-term debt, net 1,561,128 1,401,714
Total capitalization 3,688,819 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 64,906 63,707
Current portion of long-term debt 0 95,953
Short-term borrowings from non-affiliates 49,948 88,987
Accounts payable 118,480 187,770
Interest and dividends payable 30,244 20,728
Taxes accrued, including revenue taxes 183,744 207,992
Regulatory liabilities 36,555 30,724
Other 75,050 67,305
Total current liabilities 558,927 763,166
Deferred credits and other liabilities    
Operating lease liabilities 86,175 113,400
Deferred income taxes 381,535 377,150
Regulatory liabilities 931,291 941,586
Unamortized tax credits 113,516 117,868
Defined benefit pension and other postretirement benefit plans liability 454,150 478,763
Other 107,891 113,390
Total deferred credits and other liabilities 2,074,558 2,142,157
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Retained earnings 1,266,076 1,220,129
Accumulated other comprehensive loss, net of tax benefits (1,180) (1,279)
Total shareholders’ equity 2,093,398 2,047,352
Total liabilities and shareholders’ equity $ 6,322,304 $ 6,388,682