XML 123 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 220,036,000 $ 219,662,000
Accounts receivable and unbilled revenues, net 346,785,000 362,823,000
Available-for-sale investment and mortgage-related securities 529,007,000 671,358,000
Investment in stock of Federal Home Loan Bank of Seattle 92,546,000 96,022,000
Loans receivable held for investment, net 4,110,113,000 3,737,233,000
Loans held for sale, at lower of cost or fair value 5,302,000 26,005,000
Property, plant and equipment, net    
Land 74,272,000 70,799,000
Plant and equipment 5,829,132,000 5,492,963,000
Construction in progress 146,742,000 156,353,000
Property, plant and equipment, gross 6,050,146,000 5,720,115,000
Less - accumulated depreciation (2,191,199,000) (2,125,286,000)
Property, plant and equipment, net 3,858,947,000 3,594,829,000
Regulatory assets 575,924,000 864,596,000
Other 519,194,000 494,414,000
Goodwill 82,190,000 82,190,000
Other long-term assets    
Total assets 10,340,044,000 10,149,132,000
Liabilities    
Accounts payable 212,331,000 212,379,000
Interest and dividends payable 26,716,000 26,258,000
Deposit liabilities 4,372,477,000 4,229,916,000
Short-term borrowings-other than bank 105,482,000 83,693,000
Other bank borrowings 244,514,000 195,926,000
Long-term debt, net-other than bank 1,492,945,000 1,422,872,000
Deferred income taxes 529,260,000 439,329,000
Regulatory liabilities 349,299,000 324,152,000
Contributions in aid of construction 432,894,000 405,520,000
Defined benefit pension and other postretirement benefit plans liability 288,539,000 656,394,000
Other 524,224,000 524,535,000
Deferred credits and other liabilities    
Total liabilities 8,578,681,000 8,520,974,000
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293,000 34,293,000
Commitments and contingencies (Notes 3 and 4)      
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: 101,259,800 shares and 97,928,403 shares in 2013 and 2012, respectively 1,488,126,000 1,403,484,000
Retained earnings 255,694,000 216,804,000
Accumulated other comprehensive income (loss), net of taxes:    
Net unrealized gains (losses) on securities (3,663,000) 10,761,000
Unrealized losses on derivatives (525,000) (760,000)
Retirement benefit plans (12,562,000) (36,424,000)
Accumulated other comprehensive income (loss), net of taxes (16,750,000) (26,423,000)
Total shareholders' equity 1,727,070,000 1,593,865,000
Total liabilities and shareholders' equity 10,340,044,000 10,149,132,000
Hawaiian Electric Company, Inc. and Subsidiaries
   
Utility plant, at cost    
Land 51,883,000 51,568,000
Plant and equipment 5,701,875,000 5,364,400,000
Less accumulated depreciation (2,111,229,000) (2,040,789,000)
Construction in progress 143,233,000 151,378,000
Net utility plant 3,785,762,000 3,526,557,000
Current assets    
Cash and equivalents 62,825,000 17,159,000
Customer accounts receivable, net 175,448,000 210,779,000
Accrued unbilled revenues, net 144,124,000 134,298,000
Other accounts receivable, net 14,062,000 28,176,000
Fuel oil stock, at average cost 134,087,000 161,419,000
Materials and supplies, at average cost 59,044,000 51,085,000
Prepayments and other 52,857,000 32,865,000
Regulatory assets 69,738,000 51,267,000
Total current assets 712,185,000 687,048,000
Other long-term assets    
Regulatory assets 506,186,000 813,329,000
Unamortized debt expense 9,003,000 10,554,000
Other 73,993,000 71,305,000
Total other long-term assets 589,182,000 895,188,000
Total assets 5,087,129,000 5,108,793,000
Liabilities    
Interest and dividends payable 21,652,000 21,092,000
Deferred income taxes 507,161,000 417,611,000
Regulatory liabilities 349,299,000 324,152,000
Contributions in aid of construction 432,894,000 405,520,000
Long-term debt, net 1,206,545,000 1,147,872,000
Total capitalization 2,834,402,000 2,654,301,000
Current liabilities    
Current portion of long-term debt 11,400,000 0
Accounts payable 189,559,000 186,824,000
Taxes accrued 249,445,000 251,066,000
Regulatory liabilities 1,916,000 1,212,000
Other 63,881,000 60,801,000
Total current liabilities 537,853,000 520,995,000
Deferred credits and other liabilities    
Regulatory liabilities 347,383,000 322,940,000
Unamortized tax credits 73,539,000 66,584,000
Retirement benefits liability 262,162,000 620,205,000
Other 91,735,000 100,637,000
Total deferred credits and other liabilities 1,281,980,000 1,527,977,000
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293,000 34,293,000
Commitments and contingencies (Notes 3 and 4)      
Shareholders' equity    
Common stock equity 1,593,564,000 1,472,136,000
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293,000 34,293,000
Retained earnings 948,624,000 907,273,000
Accumulated other comprehensive income (loss), net of taxes:    
Retirement benefit plans 608,000 (970,000)
Total shareholders' equity 1,593,564,000 1,472,136,000
Total liabilities and shareholders' equity $ 5,087,129,000 $ 5,108,793,000