EX-11 8 a10-24334_1ex11.htm HEI EX-11

HEI Exhibit 11

 

Hawaiian Electric Industries, Inc.

COMPUTATION OF EARNINGS PER SHARE

OF COMMON STOCK

Years ended December 31, 2010, 2009, 2008, 2007 and 2006

 

(in thousands,
except per share amounts)

 

2010

 

2009

 

2008

 

2007

 

2006

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income for common stock

 

$

113,535

 

$

83,011

 

$

90,278

 

$

84,779

 

$

108,001

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding

 

93,421

 

91,396

 

84,631

 

82,215

 

81,145

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted weighted-average number of common shares outstanding

 

93,693

 

91,516

 

84,720

 

82,419

 

81,373

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

1.22

 

$

0.91

 

$

1.07

 

$

1.03

 

$

1.33

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

1.21

 

$

0.91

 

$

1.07

 

$

1.03

 

$

1.33