Cash flows

12 Months Ended

Dec. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Cash flows

Note 14 · Cash flows

Years ended December 31	2025		2024		2023
(in millions)
Supplemental disclosures of cash flow information
HEI consolidated
Activities from continuing operations:
Interest paid to non-affiliates, net of amounts capitalized	$	102	$	131	$	109
Interest paid on finance lease obligations	40		31		6
Federal income taxes paid, net of refunds	40		32		24
State of Hawaii income taxes refunded, net of payments (including refundable credits)	3		—		1
Activities from discontinued operations:
Interest paid to non-affiliates, net of amounts capitalized	—		121		61
Federal income taxes paid, net of refunds	—		2		4
Hawaiian Electric consolidated
Interest paid to non-affiliates, net of amounts capitalized	78		88		74
Interest paid on finance lease obligations	40		31		6
Federal income taxes paid, net of refunds	40		52		30
State of Hawaii income taxes paid, net of refunds (including refundable credits)	2		7		7
Supplemental disclosures of noncash activities
HEI consolidated
Activities from continuing operations:
Property, plant and equipment-Unpaid invoices and accruals for capital expenditures, balance, end of period (investing)	64		43		43
Common stock dividends reinvested in HEI common stock (financing) 1	—		—		5
Right-of-use assets obtained in exchange for operating lease obligations (investing)	12		2		—
Debt assumed by buyer - sale of subsidiaries (financing)	67		—		—
Common stock issued (gross) for nonemployee director and executive/management compensation (financing)1	2		2		6
Right-of-use assets obtained in exchange for finance lease obligations (financing)	92		106		294
Activities from discontinued operations:
Sale of ASB (investing/financing) (see Note 5)	—		508		—
Loans transferred from held for investment to held for sale (investing)	—		29		106
Transfer of retail repurchase agreements to deposit liabilities (financing)	—		—		98
Obligations to fund low income housing investments, net (investing)	—		—		18
Common stock issued (gross) for nonemployee director and executive/management compensation (financing)1	—		1		2
Right-of-use assets obtained in exchange for operating lease obligations (investing)	—		5		1
Hawaiian Electric consolidated
Electric utility property, plant and equipment-Unpaid invoices and accruals for capital expenditures, balance, end of period (investing)	64		42		42
Right-of-use assets obtained in exchange for operating lease obligations (investing)	12		2		—
Right-of-use assets obtained in exchange for finance lease obligations (financing)	92		105		294
Capital contribution from parent of a membership interest in an unconsolidated affiliate (financing)	287		—		—
HEI Consolidated and Hawaiian Electric consolidated
Estimated fair value of noncash contributions in aid of construction (investing)	9		19		21
Reduction of long-term debt from funds previously transferred for repayment (financing)	47		—		—

1    The amounts shown represent the market value of common stock issued for nonemployee director and executive/management compensation and withheld to satisfy statutory tax liabilities.