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Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Utility property, plant and equipment    
Total property, plant and equipment, net $ 6,298,721 $ 6,150,126
Current assets    
Cash and cash equivalents 550,408 679,546
Restricted cash 16,422 15,028
Other long-term assets    
Operating lease right-of-use assets 86,819 94,905
Total assets 17,055,414 17,243,821
Capitalization    
Retained earnings (deficit) (326,642) 926,720
Accumulated other comprehensive income, net of taxes-retirement benefit plans (297,557) (289,350)
Common stock equity 1,085,273 2,344,841
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Interest and preferred dividends payable 34,528 51,206
Deferred credits and other liabilities    
Deferred income taxes 0 297,954
Total liabilities and shareholders’ equity 17,055,414 17,243,821
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,019 52,098
Plant and equipment 8,351,894 8,232,810
Right-of-use assets - finance lease 449,572 342,174
Less accumulated depreciation (3,286,720) (3,197,514)
Construction in progress 336,203 320,223
Utility property, plant and equipment, net 5,902,968 5,749,791
Nonutility property, plant and equipment, less accumulated depreciation of $42 and $40 as of June 30, 2024 and December 31, 2023, respectively 6,940 6,942
Total property, plant and equipment, net 5,909,908 5,756,733
Current assets    
Cash and cash equivalents 88,620 106,077
Restricted cash 2,000 2,000
Customer accounts receivable, net 211,315 244,309
Accrued unbilled revenues, net 178,546 185,644
Other accounts receivable, net 57,892 111,519
Fuel oil stock, at average cost 146,091 148,237
Materials and supplies, at average cost 113,004 114,433
Prepayments and other 66,596 58,491
Regulatory assets 79,270 68,453
Total current assets 943,334 1,039,163
Other long-term assets    
Operating lease right-of-use assets 64,740 71,877
Regulatory assets 243,139 226,351
Other 237,777 189,430
Total other long-term assets 545,656 487,658
Total assets 7,398,898 7,283,554
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,854,278 shares at June 30, 2024 and December 31, 2023) 119,048 119,048
Premium on capital stock 810,955 810,955
Retained earnings (deficit) 260,085 1,476,258
Accumulated other comprehensive income, net of taxes-retirement benefit plans 2,754 2,849
Common stock equity 1,192,842 2,409,110
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,887,793 1,934,277
Total capitalization 3,114,928 4,377,680
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Current portion of operating lease liabilities 15,902 16,617
Current portion of long-term debt, net 46,954 0
Accounts payable 194,534 191,040
Interest and preferred dividends payable 22,992 22,882
Taxes accrued, including revenue taxes 249,459 291,942
Regulatory liabilities 24,106 36,559
Wildfire tort-related claims (Note 2) 1,712,000 75,000
Other 112,037 96,436
Total current liabilities 2,377,984 730,476
Deferred credits and other liabilities    
Operating lease liabilities 54,779 62,098
Finance lease liabilities 433,231 330,978
Deferred income taxes 0 399,001
Regulatory liabilities 1,151,503 1,114,131
Unamortized tax credits 79,231 84,312
Defined benefit pension liability 60,636 60,671
Other 126,606 124,207
Total deferred credits and other liabilities 1,905,986 2,175,398
Total liabilities and shareholders’ equity $ 7,398,898 $ 7,283,554