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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 176,988 $ 169,208
Accounts receivable and unbilled revenues, net 311,235 325,672
Available-for-sale investment securities, at fair value 1,210,748 1,388,533
Held-to-maturity investment securities, at amortized cost 132,704 141,875
Stock in Federal Home Loan Bank, at cost 9,953 9,958
Loans held for investment, net 5,031,296 4,790,902
Loans held for sale, at lower of cost or fair value 17,115 1,805
Property, plant and equipment, net of accumulated depreciation 5,006,394 4,830,118
Regulatory assets 749,174 833,426
Other 576,263 530,364
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 5,006,394 4,830,118
Current assets    
Cash and cash equivalents 176,988 169,208
Other long-term assets    
Operating lease right-of-use assets 213,910  
Total assets 13,517,970 13,104,051
Liabilities    
Accounts payable 189,244 214,773
Interest and dividends payable 32,338 28,254
Deposit liabilities 6,196,223 6,158,852
Short-term borrowings—other than bank 163,836 73,992
Other bank borrowings 129,190 110,040
Long-term debt, net—other than bank 1,885,454 1,879,641
Deferred income taxes 393,140 372,518
Operating lease liabilities 213,166  
Regulatory liabilities 963,740 950,236
Defined benefit pension and other postretirement benefit plans liability 534,670 538,384
Other 539,987 580,788
Total liabilities 11,240,988 10,907,478
Capitalization    
Retained earnings 590,651 543,623
Accumulated other comprehensive loss, net of tax benefits (24,373) (50,610)
Total shareholders’ equity 2,242,689 2,162,280
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Interest and dividends payable 32,338 28,254
Deferred credits and other liabilities    
Deferred income taxes 393,140 372,518
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 0 0
Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 108,972,564 shares and 108,879,245 shares at September 30, 2019 and December 31, 2018, respectively 1,676,411 1,669,267
Retained earnings 590,651 543,623
Accumulated other comprehensive loss, net of tax benefits (24,373) (50,610)
Total shareholders’ equity 2,242,689 2,162,280
Total liabilities and shareholders’ equity 13,517,970 13,104,051
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and cash equivalents 32,507 35,877
Property, plant and equipment, net of accumulated depreciation 4,695,742 4,522,102
Utility property, plant and equipment    
Land 51,330 49,667
Plant and equipment 7,097,286 6,809,671
Less accumulated depreciation (2,686,388) (2,577,342)
Construction in progress 226,556 233,145
Utility property, plant and equipment, net 4,688,784 4,515,141
Nonutility property, plant and equipment, less accumulated depreciation 6,958 6,961
Total property, plant and equipment, net 4,695,742 4,522,102
Current assets    
Cash and cash equivalents 32,507 35,877
Customer accounts receivable, net 163,093 177,896
Accrued unbilled revenues, net 123,820 121,738
Other accounts receivable, net 4,618 6,215
Fuel oil stock, at average cost 84,543 79,935
Materials and supplies, at average cost 60,810 55,204
Prepayments and other 46,321 32,118
Regulatory assets 32,951 71,016
Total current assets 548,663 579,999
Other long-term assets    
Operating lease right-of-use assets 192,254  
Regulatory assets 716,316 762,410
Other 107,993 102,992
Total other long-term assets 1,016,563 865,402
Total assets 6,260,968 5,967,503
Liabilities    
Interest and dividends payable 27,540 23,215
Deferred income taxes 392,561 383,197
Operating lease liabilities 192,000  
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 16,751,488 shares at September 30, 2019 and December 31, 2018) 111,696 111,696
Premium on capital stock 681,305 681,305
Retained earnings 1,200,081 1,164,541
Accumulated other comprehensive loss, net of tax benefits 172 99
Total shareholders’ equity 1,993,254 1,957,641
Long-term debt, net 1,322,255 1,418,802
Total capitalization 3,349,802 3,410,736
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Current portion of operating lease liabilities 62,758 0
Current portion of long-term debt 95,965 0
Short-term borrowings from non-affiliates 112,353 25,000
Accounts payable 152,562 171,791
Interest and dividends payable 27,540 23,215
Taxes accrued, including revenue taxes 204,839 233,333
Regulatory liabilities 19,516 17,977
Other 67,899 60,003
Total current liabilities 743,432 531,319
Deferred credits and other liabilities    
Operating lease liabilities 128,812 0
Deferred income taxes 392,561 383,197
Regulatory liabilities 944,224 932,259
Unamortized tax credits 90,720 91,522
Defined benefit pension and other postretirement benefit plans liability 500,186 503,659
Other 111,231 114,811
Total deferred credits and other liabilities 2,167,734 2,025,448
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Retained earnings 1,200,081 1,164,541
Accumulated other comprehensive loss, net of tax benefits 172 99
Total shareholders’ equity 1,993,254 1,957,641
Total liabilities and shareholders’ equity $ 6,260,968 $ 5,967,503