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Consolidated Statements of Income - HECO (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating expenses      
Purchased power $ 690,000    
Income taxes 0 67,822 43,923
Other income (deductions)      
Allowance for equity funds used during construction 5,964 6,016 12,222
Interest and other charges      
Allowance for borrowed funds used during construction (2,498) (2,558) (5,268)
Net income 140,120 115,425 84,901
Preferred stock dividends of subsidiaries 1,890 1,890 1,890
Net income for common stock 138,230 113,535 83,011
Hawaiian Electric Company, Inc. and Subsidiaries
     
Operating revenues 2,973,764 2,367,441 2,026,672
Operating expenses      
Fuel oil 1,265,126 900,408 671,970
Purchased power 689,652 548,800 499,804
Other operation 257,065 251,027 248,515
Maintenance 121,219 127,487 107,531
Depreciation 142,975 149,708 144,533
Taxes, other than income taxes 276,504 222,117 191,699
Income taxes 65,988 48,053 48,212
Total operating expenses 2,818,529 2,247,600 1,912,264
Operating income 155,235 119,841 114,408
Other income (deductions)      
Allowance for equity funds used during construction 5,964 6,016 12,222
Impairment of utility plant (5,496)    
Other, net 3,811 11,679 7,487
Total other income (deductions) 4,279 17,695 19,709
Interest and other charges      
Interest on long-term debt 57,532 57,532 51,820
Amortization of net bond premium and expense 3,081 2,975 3,254
Other interest charges (582) 1,003 2,870
Allowance for borrowed funds used during construction (2,498) (2,558) (5,268)
Total interest and other charges 57,533 58,952 52,676
Net income 101,981 78,584 81,441
Preferred stock dividends of subsidiaries 915 915 915
Net income attributable to HECO 101,066 77,669 80,526
Preferred stock dividends of HECO 1,080 1,080 1,080
Net income for common stock $ 99,986 $ 76,589 $ 79,446