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Consolidated Statements of Income - HECO Statement - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues $ 652,217 $ 641,427 $ 608,945 $ 677,186 $ 725,966 $ 770,882 $ 715,485 $ 661,615 $ 2,579,775 $ 2,873,948 $ 2,860,849
Expenses                      
Total expenses                 2,268,282 2,525,927 2,527,493
Operating income 80,674 99,561 71,556 59,702 100,795 96,655 72,634 77,937 311,493 348,021 333,356
Allowance for equity funds used during construction                 8,768 11,987 10,877
Retirement defined benefits expense—other than service costs                 (3,210) (2,806) (5,962)
Allowance for borrowed funds used during construction                 2,992 4,453 4,867
Income before income taxes                 240,624 271,409 254,461
Income taxes                 40,910 51,637 50,797
Net income (loss) 50,958 65,503 49,360 33,893 66,736 63,890 42,985 46,161 199,714 219,772 203,664
Preferred stock dividends of subsidiaries                 1,890 1,890 1,890
Net income for common stock 50,485 65,032 48,887 33,420 66,263 63,419 42,512 45,688 197,824 217,882 201,774
Hawaiian Electric Company, Inc. and Subsidiaries                      
Revenues 571,095 562,568 534,215 597,442 645,333 688,330 633,784 578,495 2,265,320 2,545,942 2,546,525
Expenses                      
Fuel oil                 515,274 720,709 760,528
Purchased power                 568,749 633,256 639,307
Other operation and maintenance                 474,192 481,737 461,491
Depreciation                 222,733 215,731 203,626
Taxes, other than income taxes                 215,822 240,131 239,912
Total expenses                 1,996,770 2,291,564 2,304,864
Operating income 68,273 88,518 67,801 43,958 70,331 71,793 55,694 56,560 268,550 254,378 241,661
Allowance for equity funds used during construction                 8,768 11,987 10,877
Retirement defined benefits expense—other than service costs                 (763) (2,836) (3,631)
Interest expense and other charges, net                 (67,794) (70,842) (73,348)
Allowance for borrowed funds used during construction                 2,992 4,453 4,867
Income before income taxes                 211,753 197,140 180,426
Income taxes                 40,418 38,305 34,778
Net income (loss) 43,540 60,563 42,828 24,404 45,860 47,277 33,073 32,625 171,335 158,835 145,648
Preferred stock dividends of subsidiaries                 915 915 915
Net income attributable to Hawaiian Electric                 170,420 157,920 144,733
Preferred stock dividends of Hawaiian Electric                 1,080 1,080 1,080
Net income for common stock $ 43,041 $ 60,065 $ 42,329 $ 23,905 $ 45,361 $ 46,779 $ 32,574 $ 32,126 $ 169,340 $ 156,840 $ 143,653