XML 61 R48.htm IDEA: XBRL DOCUMENT v3.23.1
Electric utility segment - Condensed consolidating statement of income (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Condensed Income Statements, Captions [Line Items]    
Revenues $ 928,237 $ 785,068
Expenses    
Total expenses 834,719 685,792
Total operating income 93,518 99,276
Allowance for equity funds used during construction 3,301 2,409
Retirement defined benefits credit (expense)—other than service costs 1,152 1,243
Allowance for borrowed funds used during construction 1,131 778
Income before income taxes 70,304 87,480
Income taxes 15,110 17,840
Net income attributable to Hawaiian Electric 55,194 69,640
Preferred stock dividends of Hawaiian Electric 473 473
Net income for common stock 54,721 69,167
Hawaiian Electric Consolidated    
Condensed Income Statements, Captions [Line Items]    
Revenues 830,361 708,792
Expenses    
Fuel oil 334,097 221,286
Purchased power 152,761 163,533
Other operation and maintenance 128,316 125,257
Depreciation 60,927 58,471
Taxes, other than income taxes 78,385 66,650
Total expenses 754,486 635,197
Total operating income 75,875 73,595
Allowance for equity funds used during construction 3,301 2,409
Equity in earnings of subsidiaries 0 0
Retirement defined benefits credit (expense)—other than service costs 1,047 990
Interest expense and other charges, net (20,246) (18,326)
Allowance for borrowed funds used during construction 1,131 778
Income before income taxes 61,108 59,446
Income taxes 13,600 12,538
Net income 47,508 46,908
Preferred stock dividends of subsidiaries 229 229
Net income attributable to Hawaiian Electric 47,279 46,679
Preferred stock dividends of Hawaiian Electric 270 270
Net income for common stock 47,009 46,409
Hawaiian Electric Consolidated | Reportable Legal Entities | Hawaiian Electric (parent only)    
Condensed Income Statements, Captions [Line Items]    
Revenues 601,530 500,242
Expenses    
Fuel oil 253,827 154,425
Purchased power 110,279 124,183
Other operation and maintenance 83,233 83,656
Depreciation 41,038 39,484
Taxes, other than income taxes 56,953 47,274
Total expenses 545,330 449,022
Total operating income 56,200 51,220
Allowance for equity funds used during construction 2,640 1,990
Equity in earnings of subsidiaries 11,541 13,661
Retirement defined benefits credit (expense)—other than service costs 904 855
Interest expense and other charges, net (14,557) (13,093)
Allowance for borrowed funds used during construction 918 651
Income before income taxes 57,646 55,284
Income taxes 10,367 8,605
Net income 47,279 46,679
Preferred stock dividends of subsidiaries 0 0
Net income attributable to Hawaiian Electric 47,279 46,679
Preferred stock dividends of Hawaiian Electric 270 270
Net income for common stock 47,009 46,409
Hawaiian Electric Consolidated | Reportable Legal Entities | Hawaii Electric Light    
Condensed Income Statements, Captions [Line Items]    
Revenues 115,288 108,528
Expenses    
Fuel oil 27,760 25,251
Purchased power 34,086 30,712
Other operation and maintenance 21,350 20,214
Depreciation 10,635 10,351
Taxes, other than income taxes 10,737 10,032
Total expenses 104,568 96,560
Total operating income 10,720 11,968
Allowance for equity funds used during construction 284 193
Equity in earnings of subsidiaries 0 0
Retirement defined benefits credit (expense)—other than service costs 169 167
Interest expense and other charges, net (2,831) (2,609)
Allowance for borrowed funds used during construction 91 60
Income before income taxes 8,433 9,779
Income taxes 1,909 2,268
Net income 6,524 7,511
Preferred stock dividends of subsidiaries 134 134
Net income attributable to Hawaiian Electric 6,390 7,377
Preferred stock dividends of Hawaiian Electric 0 0
Net income for common stock 6,390 7,377
Hawaiian Electric Consolidated | Reportable Legal Entities | Maui Electric    
Condensed Income Statements, Captions [Line Items]    
Revenues 113,673 100,028
Expenses    
Fuel oil 52,510 41,610
Purchased power 8,396 8,638
Other operation and maintenance 23,733 21,387
Depreciation 9,254 8,636
Taxes, other than income taxes 10,695 9,344
Total expenses 104,588 89,615
Total operating income 9,085 10,413
Allowance for equity funds used during construction 377 226
Equity in earnings of subsidiaries 0 0
Retirement defined benefits credit (expense)—other than service costs (26) (32)
Interest expense and other charges, net (2,988) (2,630)
Allowance for borrowed funds used during construction 122 67
Income before income taxes 6,570 8,044
Income taxes 1,324 1,665
Net income 5,246 6,379
Preferred stock dividends of subsidiaries 95 95
Net income attributable to Hawaiian Electric 5,151 6,284
Preferred stock dividends of Hawaiian Electric 0 0
Net income for common stock 5,151 6,284
Hawaiian Electric Consolidated | Reportable Legal Entities | Other subsidiaries    
Condensed Income Statements, Captions [Line Items]    
Revenues 0 0
Expenses    
Fuel oil 0 0
Purchased power 0 0
Other operation and maintenance 0 0
Depreciation 0 0
Taxes, other than income taxes 0 0
Total expenses 0 0
Total operating income 0 0
Allowance for equity funds used during construction 0 0
Equity in earnings of subsidiaries 0 0
Retirement defined benefits credit (expense)—other than service costs 0 0
Interest expense and other charges, net 0 0
Allowance for borrowed funds used during construction 0 0
Income before income taxes 0 0
Income taxes 0 0
Net income 0 0
Preferred stock dividends of subsidiaries 0 0
Net income attributable to Hawaiian Electric 0 0
Preferred stock dividends of Hawaiian Electric 0 0
Net income for common stock 0 0
Hawaiian Electric Consolidated | Consolidating adjustments    
Condensed Income Statements, Captions [Line Items]    
Revenues (130) (6)
Expenses    
Fuel oil 0 0
Purchased power 0 0
Other operation and maintenance 0 0
Depreciation 0 0
Taxes, other than income taxes 0 0
Total expenses 0 0
Total operating income (130) (6)
Allowance for equity funds used during construction 0 0
Equity in earnings of subsidiaries (11,541) (13,661)
Retirement defined benefits credit (expense)—other than service costs 0 0
Interest expense and other charges, net 130 6
Allowance for borrowed funds used during construction 0 0
Income before income taxes (11,541) (13,661)
Income taxes 0 0
Net income (11,541) (13,661)
Preferred stock dividends of subsidiaries 0 0
Net income attributable to Hawaiian Electric (11,541) (13,661)
Preferred stock dividends of Hawaiian Electric 0 0
Net income for common stock $ (11,541) $ (13,661)