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Consolidated Statements of Income - HECO (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating expenses        
Purchased power $ 178,000 $ 188,000 $ 332,000 $ 353,000
Other income        
Allowance for equity funds used during construction 1,560 1,997 2,775 3,937
Interest and other charges        
Allowance for borrowed funds used during construction (398) (893) (1,128) (1,763)
Net income 41,061 39,273 75,213 78,062
Preferred stock dividends of subsidiaries 473 473 946 946
Net income for common stock 40,588 38,800 74,267 77,116
Hawaiian Electric Company, Inc. and Subsidiaries
       
Operating revenues 728,793 787,685 1,444,990 1,535,623
Operating expenses        
Fuel oil 289,278 331,064 594,378 658,903
Purchased power 178,444 188,352 331,808 353,141
Other operation 66,184 64,516 137,607 126,365
Maintenance 27,340 31,235 57,042 61,273
Depreciation 38,590 36,133 76,870 72,615
Taxes, other than income taxes 68,759 76,304 136,446 147,299
Income taxes 18,333 18,574 32,428 35,939
Total operating expenses 686,928 746,178 1,366,579 1,455,535
Operating income 41,865 41,507 78,411 80,088
Other income        
Allowance for equity funds used during construction 1,560 1,997 2,775 3,937
Other, net 940 1,414 3,252 2,723
Income tax benefit (expense) 8 (51) (291) (95)
Total other income 2,508 3,360 5,736 6,565
Interest and other charges        
Interest on long-term debt 14,614 15,323 29,228 29,706
Amortization of net bond premium and expense 647 661 1,294 1,406
Other interest charges (credits) 318 (99) 633 (370)
Allowance for borrowed funds used during construction (398) (893) (1,128) (1,763)
Total interest and other charges 15,181 14,992 30,027 28,979
Net income 29,192 29,875 54,120 57,674
Preferred stock dividends of subsidiaries 229 229 458 458
Net income attributable to HECO 28,963 29,646 53,662 57,216
Preferred stock dividends of HECO 270 270 540 540
Net income for common stock $ 28,693 $ 29,376 $ 53,122 $ 56,676