EX-11 4 hei_12312013ex11.htm EXHIBIT 11 HEI_12.31.2013 EX11


HEI Exhibit 11
 
Hawaiian Electric Industries, Inc.
COMPUTATION OF EARNINGS PER SHARE
OF COMMON STOCK
Years ended December 31, 2013, 2012, 2011, 2010 and 2009
 
(in thousands,
 except per share amounts)
 
2013

 
2012

 
2011

 
2010

 
2009

Net income for common stock
 
$
161,516

 
$
138,658

 
$
138,230

 
$
113,535

 
$
83,011

Weighted-average number of common shares outstanding
 
98,968

 
96,908

 
95,510

 
93,421

 
91,396

Adjusted weighted-average number of common shares outstanding
 
99,623

 
97,338

 
95,820

 
93,693

 
91,516

Basic earnings per common share
 
$
1.63

 
$
1.43

 
$
1.45

 
$
1.22

 
$
0.91

Diluted earnings per common share
 
$
1.62

 
$
1.42

 
$
1.44

 
$
1.21

 
$
0.91