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Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Utility property, plant and equipment    
Total property, plant and equipment, net $ 5,868,408 $ 5,687,003
Current assets    
Cash and cash equivalents 314,284 199,877
Other long-term assets    
Operating lease right-of-use assets 105,030 115,684
Total assets 16,519,309 16,284,244
Capitalization    
Retained earnings 876,268 845,830
Accumulated other comprehensive income, net of taxes-retirement benefit plans (323,149) (336,028)
Common stock equity 2,249,377 2,202,499
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Note 3)
Current liabilities    
Short-term borrowings 46,212 172,568
Interest and preferred dividends payable 33,294 21,333
Deferred credits and other liabilities    
Deferred income taxes 272,988 262,462
Total liabilities and shareholders’ equity 16,519,309 16,284,244
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,098 52,060
Plant and equipment 8,122,766 7,979,510
Right-of-use assets - finance lease 124,372 48,371
Less accumulated depreciation (3,178,967) (3,086,499)
Construction in progress 338,052 275,353
Utility property, plant and equipment, net 5,458,321 5,268,795
Nonutility property, plant and equipment, less accumulated depreciation of $65 and $63 as of June 30, 2023 and December 31, 2022, respectively 6,944 6,945
Total property, plant and equipment, net 5,465,265 5,275,740
Current assets    
Cash and cash equivalents 143,647 39,242
Customer accounts receivable, net 209,194 288,338
Accrued unbilled revenues, net 154,355 183,280
Other accounts receivable, net 17,725 13,567
Fuel oil stock, at average cost 143,800 191,530
Materials and supplies, at average cost 91,155 79,568
Prepayments and other 41,880 33,482
Regulatory assets 77,237 52,273
Total current assets 878,993 881,280
Other long-term assets    
Operating lease right-of-use assets 80,505 89,318
Regulatory assets 175,550 190,240
Other 161,280 160,889
Total other long-term assets 417,335 440,447
Total assets 6,761,593 6,597,467
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,854,278 shares at June 30, 2023 and December 31, 2022) 119,048 119,048
Premium on capital stock 810,955 810,955
Retained earnings 1,439,114 1,411,306
Accumulated other comprehensive income, net of taxes-retirement benefit plans 2,772 2,861
Common stock equity 2,371,889 2,344,170
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,734,530 1,584,854
Total capitalization 4,140,712 3,963,317
Commitments and contingencies (Note 3)
Current liabilities    
Current portion of operating lease liabilities 17,709 19,095
Current portion of long-term debt, net 99,985 99,962
Accounts payable 210,632 202,492
Interest and preferred dividends payable 21,367 17,176
Taxes accrued, including revenue taxes 252,937 289,902
Regulatory liabilities 25,938 31,475
Other 90,295 85,596
Total current liabilities 718,863 833,665
Deferred credits and other liabilities    
Operating lease liabilities 70,465 78,715
Finance lease liabilities 119,006 46,048
Deferred income taxes 385,350 384,430
Regulatory liabilities 1,061,418 1,024,175
Unamortized tax credits 91,590 95,300
Defined benefit pension liability 49,016 49,748
Other 125,173 122,069
Total deferred credits and other liabilities 1,902,018 1,800,485
Total liabilities and shareholders’ equity 6,761,593 6,597,467
Hawaiian Electric Company, Inc. and Subsidiaries | Nonrelated Party    
Current liabilities    
Short-term borrowings $ 0 $ 87,967