XML 34 R12.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income - HECO - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues $ 799,180 $ 833,239 $ 795,417 $ 792,014 $ 853,424 $ 800,899 $ 798,800 $ 834,380 $ 3,219,850 $ 3,287,503 $ 3,420,917
Expenses                      
Total expenses                 4,926,610 3,012,511 3,141,362
Operating income (loss) 53,662 (149,720) (1,661,589) 50,887 74,331 62,552 68,111 69,998 (1,706,760) 274,992 279,555
Allowance for equity funds used during construction                 13,786 15,164 10,574
Retirement defined benefits credit—other than service costs                 3,754 4,014 3,688
Allowance for borrowed funds used during construction                 5,470 5,201 3,416
Interest income                 19,362 9,105 0
Income (loss) from continuing operations before income taxes                 (1,791,595) 182,300 201,954
Income tax expense (benefit)                 (470,962) 34,534 38,915
Income (loss) from continuing operations                 (1,424,119) 201,128 243,028
Preferred stock dividends of Hawaiian Electric                 1,890 1,890 1,890
Net income (loss) for common stock $ (68,245) $ (104,402) $ (1,295,484) $ 42,122 $ 48,789 $ 41,118 $ 54,610 $ 54,721 (1,426,009) 199,238 241,138
Hawaiian Electric Company, Inc. and Subsidiaries                      
Revenues                 3,206,700 3,269,521 3,408,587
Expenses                      
Fuel oil                 1,078,045 1,211,420 1,265,614
Purchased power                 703,371 671,769 793,584
Other operation and maintenance                 609,672 533,557 497,601
Provision for tort-related claims                 1,875,000 0 0
Depreciation                 251,142 243,705 235,424
Taxes, other than income taxes                 301,328 306,912 317,173
Total expenses                 4,818,558 2,967,363 3,109,396
Operating income (loss)                 (1,611,858) 302,158 299,191
Allowance for equity funds used during construction                 13,786 15,164 10,574
Retirement defined benefits credit—other than service costs                 4,137 4,303 3,835
Interest expense and other charges, net                 (82,082) (86,140) (76,416)
Allowance for borrowed funds used during construction                 5,470 5,201 3,416
Interest income                 6,633 6,454 0
Income (loss) from continuing operations before income taxes                 (1,663,914) 247,140 240,600
Income tax expense (benefit)                 (439,547) 51,193 49,676
Loss from continuing operations                 (1,224,367) 195,947 190,924
Preferred stock dividends of subsidiaries                 915 915 915
Income (loss) from continuing operations                 (1,225,282) 195,032 190,009
Preferred stock dividends of Hawaiian Electric                 1,080 1,080 1,080
Net income (loss) for common stock                 $ (1,226,362) $ 193,952 $ 188,929