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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities      
Net income $ 163,406 $ 140,548 $ 140,120
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 160,061 150,389 148,152
Other amortization 4,667 7,958 19,318
Provision for loan losses 1,507 12,883 15,009
Impairment of utility assets 0 40,000 9,215
Loans receivable originated and purchased, held for sale (249,022) (519,622) (267,656)
Proceeds from sale of loans receivable, held for sale 273,775 513,000 273,932
Gain on sale of credit card portfolio (2,251) 0 0
Increase in deferred income taxes 80,399 90,848 79,444
Excess tax benefits from share-based payment arrangements (430) (61) 0
Allowance for equity funds used during construction (5,561) (7,007) (5,964)
Change in cash overdraft 1,038 0 (2,688)
Changes in assets and liabilities      
Decrease (increase) in accounts receivable and unbilled revenues, net 16,038 (18,501) (77,326)
Decrease (increase) in fuel oil stock 27,332 10,129 (18,843)
Increase in regulatory assets (65,461) (72,401) (40,132)
Decrease in accounts, interest and dividends payable (23,153) (39,738) (34,480)
Change in prepaid and accrued income taxes and revenue taxes (19,406) 21,079 73,153
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability (33,014) (228) (6,922)
Change in other assets and liabilities (2,779) (94,734) (53,966)
Net cash provided by operating activities 327,146 234,542 250,366
Cash flows from investing activities      
Available-for-sale investment and mortgage-related securities purchased (112,654) (243,633) (361,876)
Principal repayments on available-for-sale investment and mortgage-related securities 158,558 191,253 389,906
Proceeds from sale of available-for-sale investment and mortgage-related securities 71,367 3,548 32,799
Net increase in loans held for investment (398,426) (112,730) (181,080)
Proceeds from sale of real estate acquired in settlement of loans 9,212 11,336 8,020
Capital expenditures (353,879) (325,480) (235,116)
Contributions in aid of construction 32,160 45,982 23,534
Proceeds from sale of credit card portfolio 26,386 0 0
Other 3,516 2,677 (2,974)
Net cash used in investing activities (563,760) (427,047) (326,787)
Cash flows from financing activities      
Net increase in deposit liabilities 142,561 159,884 94,660
Net increase in short-term borrowings with original maturities of three months or less 21,789 14,872 43,898
Net increase (decrease) in retail repurchase agreements (1,418) (37,291) 10,910
Proceeds from other bank borrowings 130,000 5,000 0
Repayments of other bank borrowings (80,000) (5,000) (15,000)
Proceeds from issuance of long-term debt 286,000 457,000 125,000
Repayment of long-term debt (216,000) (375,500) (150,000)
Excess tax benefits from share-based payment arrangements 430 61 0
Net proceeds from issuance of common stock 55,086 23,613 15,979
Common stock dividends (98,383) (96,202) (106,812)
Preferred stock dividends of subsidiaries (1,890) (1,890) (1,890)
Other (1,187) (2,645) (710)
Net cash provided by (used in) financing activities 236,988 141,902 16,035
Net increase (decrease) in cash and cash equivalents 374 (50,603) (60,386)
Cash and cash equivalents, January 1 219,662 270,265 330,651
Cash and cash equivalents, December 31 220,036 219,662 270,265
Hawaiian Electric Company, Inc. and Subsidiaries
     
Cash flows from operating activities      
Net income 124,924 101,271 101,981
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 154,025 144,498 142,975
Other amortization 5,077 6,998 17,378
Impairment of utility assets 0 40,000 9,215
Increase in deferred income taxes 64,507 86,878 69,091
Change in tax credits, net 7,017 6,075 2,087
Allowance for equity funds used during construction (5,561) (7,007) (5,964)
Change in cash overdraft 1,038 0 (2,688)
Changes in assets and liabilities      
Decrease (increase) in accounts receivable 49,445 (47,004) (44,404)
Decrease (increase) in accrued unbilled revenues (9,826) 3,528 (33,442)
Decrease (increase) in fuel oil stock 27,332 10,129 (18,843)
Increase in materials and supplies (7,959) (7,897) (6,471)
Increase in regulatory assets (65,461) (72,401) (40,132)
Decrease in accounts payable (20,828) (38,913) (35,815)
Change in prepaid and accrued income taxes and revenue taxes (2,028) 25,239 69,736
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability 2,240 (744) (27,004)
Change in other assets and liabilities (31,499) (73,419) (36,306)
Net cash provided by operating activities 292,443 177,231 161,394
Cash flows from investing activities      
Capital expenditures (342,485) (310,091) (226,022)
Contributions in aid of construction 32,160 45,982 23,534
Other (230) 0 77
Net cash used in investing activities (310,555) (264,109) (202,411)
Cash flows from financing activities      
Proceeds from issuance of long-term debt 236,000 457,000 0
Repayment of long-term debt (166,000) (368,500) 0
Net proceeds from issuance of common stock 78,500 44,000 40,000
Common stock dividends (81,578) (73,044) (70,558)
Preferred stock dividends of Hawaiian Electric and subsidiaries (1,995) (1,995) (1,995)
Other (1,149) (2,230) (560)
Net cash provided by (used in) financing activities 63,778 55,231 (33,113)
Net increase (decrease) in cash and cash equivalents 45,666 (31,647) (74,130)
Cash and cash equivalents, January 1 17,159 48,806 122,936
Cash and cash equivalents, December 31 $ 62,825 $ 17,159 $ 48,806