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Consolidated Statements of Income - HECO (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Total revenues $ 798,657 $ 794,567 $ 1,582,406 $ 1,576,799
Operating expenses        
Purchased power 188,000 178,000 353,000 332,000
Total expenses 716,382 714,360 1,411,825 1,427,767
Operating income 82,275 80,207 170,581 149,032
Allowance for equity funds used during construction 1,387 1,560 2,996 2,775
Allowance for borrowed funds used during construction 523 398 1,137 1,128
Income taxes 22,269 22,662 46,942 40,549
Net income 41,894 41,061 88,294 75,213
Preferred stock dividends of subsidiaries 473 473 946 946
Net income for common stock 41,421 40,588 87,348 74,267
Hawaiian Electric Company, Inc. and Subsidiaries
       
Total revenues 738,429 728,525 1,458,491 1,445,966
Operating expenses        
Fuel oil 270,257 289,278 556,557 594,378
Purchased power 188,323 178,444 353,239 331,808
Other operation and maintenance 98,564 94,397 187,170 196,210
Depreciation 41,593 38,590 83,196 76,870
Taxes, other than income taxes 69,624 68,841 137,595 136,604
Total expenses 668,361 669,550 1,317,757 1,335,870
Operating income 70,068 58,975 140,734 110,096
Allowance for equity funds used during construction 1,387 1,560 2,996 2,775
Interest expense and other charges, net (16,852) (14,408) (32,575) (28,927)
Allowance for borrowed funds used during construction 523 398 1,137 1,128
Income before income taxes 55,126 46,525 112,292 85,072
Income taxes 20,397 17,333 41,644 30,952
Net income 34,729 29,192 70,648 54,120
Preferred stock dividends of subsidiaries 229 229 458 458
Net income attributable to Hawaiian Electric 34,500 28,963 70,190 53,662
Preferred stock dividends of Hawaiian Electric 270 270 540 540
Net income for common stock $ 34,230 $ 28,693 $ 69,650 $ 53,122