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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues            
Revenues $ 895,685   $ 895,607   $ 1,823,922 $ 1,680,675
Expenses            
Total expenses 802,706   808,939   1,637,425 1,494,731
Total operating income 92,979   86,668   186,497 185,944
Allowance for equity funds used during construction 3,772   2,470   7,073 4,879
Retirement defined benefits credit—other than service costs 1,153   1,246   2,305 2,489
Allowance for borrowed funds used during construction 1,295   798   2,426 1,576
Income before income taxes 69,367   66,217   139,671 153,697
Income taxes 14,284   13,203   29,394 31,043
Net income attributable to Hawaiian Electric 55,083   53,014   110,277 122,654
Preferred stock dividends of Hawaiian Electric 473   473   946 946
Net income for common stock 54,610 $ 54,721 52,541 $ 69,167 109,331 121,708
Hawaiian Electric Company, Inc. and Subsidiaries            
Revenues            
Revenues 794,191   818,873   1,624,552 1,527,665
Expenses            
Fuel oil 280,157   269,655   614,254 490,941
Purchased power 168,434   218,085   321,195 381,618
Other operation and maintenance 136,360   124,892   264,676 250,149
Depreciation 60,689   58,739   121,616 117,210
Taxes, other than income taxes 74,926   76,348   153,311 142,998
Total expenses 720,566   747,719   1,475,052 1,382,916
Total operating income 73,625   71,154   149,500 144,749
Allowance for equity funds used during construction 3,772   2,470   7,073 4,879
Retirement defined benefits credit—other than service costs 1,048   991   2,095 1,981
Interest expense and other charges, net (20,872)   (18,800)   (41,118) (37,126)
Allowance for borrowed funds used during construction 1,295   798   2,426 1,576
Income before income taxes 58,868   56,613   119,976 116,059
Income taxes 13,070   11,979   26,670 24,517
Net income 45,798   44,634   93,306 91,542
Preferred stock dividends of subsidiaries 229   229   458 458
Net income attributable to Hawaiian Electric 45,569   44,405   92,848 91,084
Preferred stock dividends of Hawaiian Electric 270   270   540 540
Net income for common stock $ 45,299 $ 47,009 $ 44,135 $ 46,409 $ 92,308 $ 90,544