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Consolidated Statements of Income - HECO (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating expenses        
Purchased power     $ 320,000  
Income taxes 13,742 16,013 29,806 31,292
Other income        
Allowance for equity funds used during construction 1,317 1,847 2,561 3,620
Interest and other charges        
Allowance for borrowed funds used during construction (553) (790) (1,073) (1,569)
Net income 27,612 29,735 56,547 57,334
Preferred stock dividends of subsidiaries 473 473 946 946
Net income attributable to HECO 27,139 29,262 55,601 56,388
Hawaiian Electric Company, Inc. and Subsidiaries
       
Operating revenues 727,652 582,094 1,371,953 1,128,806
Operating expenses        
Fuel oil 312,141 215,322 573,001 427,074
Purchased power 171,737 139,513 319,695 256,295
Other operation 67,388 60,254 132,919 119,498
Maintenance 31,276 32,223 60,472 59,276
Depreciation 36,258 38,649 72,690 77,291
Taxes, other than income taxes 67,152 54,170 127,147 105,961
Income taxes 11,160 11,113 22,770 22,154
Total operating expenses 697,112 551,244 1,308,694 1,067,549
Operating income 30,540 30,850 63,259 61,257
Other income        
Allowance for equity funds used during construction 1,317 1,847 2,561 3,620
Other, net 898 372 1,808 1,613
Total other income 2,215 2,219 4,369 5,233
Interest and other charges        
Interest on long-term debt 14,383 14,383 28,766 28,766
Amortization of net bond premium and expense 766 726 1,549 1,393
Other interest charges 636 609 1,175 1,208
Allowance for borrowed funds used during construction (553) (790) (1,073) (1,569)
Total interest and other charges 15,232 14,928 30,417 29,798
Net income 17,523 18,141 37,211 36,692
Preferred stock dividends of subsidiaries 229 229 458 458
Net income attributable to HECO 17,294 17,912 36,753 36,234
Preferred stock dividends of HECO 270 270 540 540
Net income for common stock $ 17,024 $ 17,642 $ 36,213 $ 35,694