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Fair value measurements - (Tables) - HECO
3 Months Ended
Mar. 31, 2012
Fair value measurements on a recurring and nonrecurring basis  
Schedule of estimated fair values of certain of the Company's financial instruments

 

 

 

 

March 31, 2012

 

December 31, 2011

 

(in thousands)

 

Carrying or
notional
amount

 

Estimated
fair value

 

Carrying or
notional
amount

 

Estimated
fair value

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, excluding money market funds (Level 2)

 

$

236,336

 

$

236,336

 

$

270,255

 

$

270,255

 

Money market funds (Level 2)

 

10

 

10

 

10

 

10

 

Available-for-sale investment and mortgage-related securities (Level 2)

 

631,063

 

631,063

 

624,331

 

624,331

 

Investment in stock of Federal Home Loan Bank of Seattle (Level 2)

 

97,764

 

97,764

 

97,764

 

97,764

 

 

 

 

 

 

 

 

 

 

 

Loans receivable, net (Level 3)

 

3,687,058

 

3,896,679

 

3,652,419

 

3,886,253

 

Financial liabilities

 

 

 

 

 

 

 

 

 

Deposit liabilities (Level 2)

 

4,125,204

 

4,130,996

 

4,070,032

 

4,075,656

(1)

Short-term borrowings—other than bank (Level 2)

 

156,288

 

156,288

 

68,821

 

68,821

 

Other bank borrowings (Level 2)

 

232,843

 

249,259

 

233,229

 

250,486

 

Long-term debt, net—other than bank (Level 2)

 

1,282,602

 

1,338,777

 

1,340,070

 

1,400,241

 

Off-balance sheet items

 

 

 

 

 

 

 

 

 

HECO-obligated preferred securities of trust subsidiary (Level 2)

 

50,000

 

50,000

 

50,000

 

50,000

 

 

 

(1)  Revised (increased by $83.9 million) to correct an error in the estimated fair value disclosure at December 31, 2011.

Hawaiian Electric Company, Inc. and Subsidiaries
 
Fair value measurements on a recurring and nonrecurring basis  
Schedule of estimated fair values of certain of the Company's financial instruments

 

 

 

 

March 31, 2012

 

December 31, 2011

 

(in thousands)

 

Carrying
amount

 

Estimated
fair value

 

Carrying
amount

 

Estimated
fair value

 

Financial assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (Level 2)

 

$

5,850

 

$

5,850

 

$

48,806

 

$

48,806

 

Financial liabilities

 

 

 

 

 

 

 

 

 

Short-term borrowings - nonaffiliates (Level 2)

 

84,942

 

84,942

 

 

 

Long-term debt, net, including amounts due within one year (Level 2)

 

1,000,602

 

1,037,062

 

1,058,070

 

1,095,133

 

Off-balance sheet item

 

 

 

 

 

 

 

 

 

HECO-obligated preferred securities of trust subsidiary (Level 2)

 

50,000

 

50,000

 

50,000

 

50,000