XML 66 R12.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - HECO - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues $ 2,850,379 $ 2,579,775 $ 2,873,948
Expenses      
Total expenses 2,464,313 2,268,282 2,525,927
Operating income 386,066 311,493 348,021
Allowance for equity funds used during construction 9,534 8,768 11,987
Retirement defined benefits credit (expense)—other than service costs 5,848 (3,210) (2,806)
Allowance for borrowed funds used during construction 3,250 2,992 4,453
Income before income taxes 310,863 240,624 271,409
Income taxes 62,807 40,910 51,637
Net income (loss) 248,056 199,714 219,772
Preferred stock dividends of subsidiaries 1,890 1,890 1,890
Net income for common stock 246,166 197,824 217,882
Hawaiian Electric Company, Inc. and Subsidiaries      
Revenues 2,539,636 2,265,320 2,545,942
Expenses      
Fuel oil 644,349 515,274 720,709
Purchased power 670,494 568,749 633,256
Other operation and maintenance 475,412 474,192 481,737
Depreciation 229,469 222,733 215,731
Taxes, other than income taxes 240,354 215,822 240,131
Total expenses 2,260,078 1,996,770 2,291,564
Operating income 279,558 268,550 254,378
Allowance for equity funds used during construction 9,534 8,768 11,987
Retirement defined benefits credit (expense)—other than service costs 3,890 (763) (2,836)
Interest expense and other charges, net (72,447) (67,794) (70,842)
Allowance for borrowed funds used during construction 3,250 2,992 4,453
Income before income taxes 223,785 211,753 197,140
Income taxes 44,148 40,418 38,305
Net income (loss) 179,637 171,335 158,835
Preferred stock dividends of subsidiaries 915 915 915
Net income attributable to Hawaiian Electric 178,722 170,420 157,920
Preferred stock dividends of Hawaiian Electric 1,080 1,080 1,080
Net income for common stock $ 177,642 $ 169,340 $ 156,840