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Consolidated Statements of Cash Flows - HECO - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation of property, plant and equipment $ 261,701 $ 254,990 $ 244,477
Other amortization 31,832 27,316 25,928
Deferred income tax expense (benefit) (486,188) 9,352 (33,157)
Allowance for equity funds used during construction (13,786) (15,164) (10,574)
Other (13,790) (2,989) (5,323)
Changes in assets and liabilities      
Decrease (increase) in fuel oil stock 49,361 43,388 (87,569)
Decrease (increase) in regulatory assets (22,743) (10,613) 34,600
Increase in regulatory liabilities 48,433 54,470 44,888
Change in prepaid and accrued income taxes, tax credits and revenue taxes (25,525) (9,858) 120,738
Change in defined benefit pension and other postretirement benefit plans asset/liability (9,358) (8,215) (4,564)
Increase in wildfire tort-related claims 1,840,000 75,000 0
Change in other assets and liabilities (53,812) (57,255) (25,924)
Net cash provided by operating activities 487,481 551,471 454,476
Cash flows from investing activities      
Capital expenditures (344,251) (442,727) (339,333)
Other, net 10,330 6,558 14,184
Net cash used in investing activities 258,318 (257,399) (1,128,682)
Cash flows from financing activities      
Common stock dividends 0 (73,957) (111,229)
Proceeds from issuance of common stock/capital contribution from parent 556,612 1,223 0
Proceeds from issuance of long-term debt 5,475 625,000 227,312
Repayment of long-term debt and funds transferred for repayment of long-term debt (97,698) (167,080) (221,910)
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 0 (137,650) 83,652
Proceeds from issuance of short-term debt 50,000 65,000 35,000
Payments of obligations under finance leases (4,678) (3,519)  
Other (13,867) (5,133) (2,041)
Net cash provided by (used in) financing activities 154,705 195,575 567,671
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash from discontinued operations 900,504 489,647 (106,535)
Cash, cash equivalents and restricted cash, including cash from discontinued operations, January 1 694,574 204,927 311,462
Cash, cash equivalents and restricted cash, including cash from discontinued operations, December 31 1,595,078 694,574 204,927
Less: Restricted cash (492,317) (15,028) (5,050)
Cash and cash equivalents 750,535 244,091 43,728
Hawaiian Electric Company, Inc. and Subsidiaries      
Cash flows from operating activities      
Net income (loss) (1,224,367) 195,947 190,924
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation of property, plant and equipment 251,142 243,705 235,424
Other amortization 31,828 26,490 25,320
Deferred income tax expense (benefit) (481,624) 1,439 (41,415)
State refundable credit (11,914) (11,325) (10,999)
Bad debt expense 4,720 8,161 6,027
Allowance for equity funds used during construction (13,786) (15,164) (10,574)
Other (6,311) 460 (139)
Changes in assets and liabilities      
Decrease (increase) in accounts receivable 88,376 (65,004) (91,742)
Decrease (increase) in accrued unbilled revenues 7,561 (3,048) (54,023)
Decrease (increase) in fuel oil stock 49,334 43,293 (87,452)
Increase in materials and supplies (4,033) (34,865) (7,691)
Decrease (increase) in regulatory assets (22,743) (10,613) 34,600
Increase in regulatory liabilities 48,433 54,470 44,888
Increase in accounts payable 9,644 20,454 22,355
Change in prepaid and accrued income taxes, tax credits and revenue taxes (26,542) 1,878 103,198
Change in defined benefit pension and other postretirement benefit plans asset/liability (9,218) (8,186) (4,828)
Increase in wildfire tort-related claims 1,840,000 75,000 0
Change in other assets and liabilities (64,767) (48,725) (25,943)
Net cash provided by operating activities 465,733 474,367 327,930
Cash flows from investing activities      
Capital expenditures (329,479) (438,775) (329,457)
Other, net 11,848 6,176 5,372
Net cash used in investing activities (317,631) (432,599) (324,085)
Cash flows from financing activities      
Common stock dividends (26,000) (129,000) (125,900)
Preferred stock dividends of Hawaiian Electric and subsidiaries (1,995) (1,995) (1,995)
Proceeds from issuance of common stock/capital contribution from parent 270 0 13,101
Proceeds from issuance of long-term debt 0 350,000 60,000
Repayment of long-term debt and funds transferred for repayment of long-term debt (81,000) (100,000) (52,000)
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 0 (87,967) 87,967
Proceeds from issuance of short-term debt 50,000 0 0
Payments of obligations under finance leases (4,119) (3,128) (670)
Other (9,187) (843) (364)
Net cash provided by (used in) financing activities (72,031) 27,067 (19,861)
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash from discontinued operations 76,071 68,835 (16,016)
Cash, cash equivalents and restricted cash, including cash from discontinued operations, January 1 108,077 39,242 55,258
Cash, cash equivalents and restricted cash, including cash from discontinued operations, December 31 184,148 108,077 39,242
Less: Restricted cash 0 (2,000) 0
Cash and cash equivalents $ 184,148 $ 106,077 $ 39,242