XML 24 R10.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues                
Revenues $ 938,383     $ 901,873     $ 2,732,901 $ 2,725,795
Expenses                
Total expenses 1,064,931     826,762     4,502,005 2,464,187
Total operating income (loss) (126,548)     75,111     (1,769,104) 261,608
Allowance for equity funds used during construction 3,300     4,000     10,276 11,073
Retirement defined benefits credit—other than service costs 1,106     1,256     3,669 3,561
Allowance for borrowed funds used during construction 1,331     1,372     4,061 3,798
Interest income 3,662     0     9,929 0
Income (loss) before income taxes (149,234)     49,110     (1,837,245) 188,781
Income tax expense (benefit) (45,303)     7,521     (480,898) 36,915
Net income (loss) (103,931)     41,589     (1,356,347) 151,866
Preferred stock dividends of Hawaiian Electric 471     471     1,417 1,417
Net income (loss) for common stock (104,402) $ (1,295,484) $ 42,122 41,118 $ 54,610 $ 54,721 (1,357,764) 150,449
Hawaiian Electric Company, Inc. and Subsidiaries                
Revenues                
Revenues 829,617     794,987     2,410,526 2,419,539
Expenses                
Fuel oil 279,038     267,438     821,986 881,692
Purchased power 189,165     177,795     530,310 498,990
Other operation and maintenance 162,197     142,508     453,648 407,184
Wildfire tort-related claims 163,000     0     1,875,000 0
Depreciation 62,812     61,165     188,436 182,781
Taxes, other than income taxes 77,969     74,723     226,795 228,034
Total expenses 934,181     723,629     4,096,175 2,198,681
Total operating income (loss) (104,564)     71,358     (1,685,649) 220,858
Allowance for equity funds used during construction 3,300     4,000     10,276 11,073
Retirement defined benefits credit—other than service costs 959     1,132     3,103 3,227
Interest expense and other charges, net (20,223)     (22,447)     (61,625) (63,565)
Allowance for borrowed funds used during construction 1,331     1,372     4,061 3,798
Interest income 1,671     0     4,555 0
Income (loss) before income taxes (117,526)     55,415     (1,725,279) 175,391
Income tax expense (benefit) (35,439)     11,456     (454,017) 38,126
Net income (loss) (82,087)     43,959     (1,271,262) 137,265
Preferred stock dividends of subsidiaries 228     228     686 686
Net income (loss) (82,315)     43,731     (1,271,948) 136,579
Preferred stock dividends of Hawaiian Electric 270     270     810 810
Net income (loss) for common stock $ (82,585) $ (1,229,394) $ 39,221 $ 43,461 $ 45,299 $ 47,009 $ (1,272,758) $ 135,769