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Consolidated Balance Sheets - USD ($)
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 175,542,000 $ 220,036,000 [1]
Accounts receivable and unbilled revenues, net 313,696,000 346,785,000
Available-for-sale investment securities 550,394,000 529,007,000
Stock in Federal Home Loan Bank of Seattle, at cost 69,302,000 92,546,000
Loans receivable held for investment, net 4,389,033,000 4,110,113,000
Loans held for sale, at lower of cost or fair value 8,424,000 5,302,000
Property, plant and equipment, net    
Land 94,093,000 74,272,000
Plant and equipment 6,137,417,000 5,836,922,000
Construction in progress 168,214,000 146,742,000
Property, plant and equipment, gross 6,399,724,000 6,057,936,000
Less - accumulated depreciation (2,250,950,000) (2,192,422,000)
Property, plant and equipment, net 4,148,774,000 3,865,514,000
Regulatory assets 905,264,000 575,924,000
Other 541,542,000 512,627,000
Goodwill 82,190,000 82,190,000
Other long-term assets    
Total assets 11,184,161,000 10,340,044,000
Liabilities    
Accounts payable 186,425,000 212,331,000
Interest and dividends payable 25,336,000 26,716,000
Deposit liabilities 4,623,415,000 4,372,477,000
Short-term borrowings-other than bank 118,972,000 105,482,000
Other bank borrowings 290,656,000 244,514,000
Long-term debt, net-other than bank 1,506,546,000 1,492,945,000
Deferred income taxes 631,734,000 529,260,000
Regulatory liabilities 344,849,000 349,299,000
Contributions in aid of construction 466,432,000 432,894,000
Defined benefit pension and other postretirement benefit plans liability 632,845,000 288,539,000
Other 531,230,000 524,224,000
Deferred credits and other liabilities    
Total liabilities 9,358,440,000 8,578,681,000
Preferred stock of subsidiaries - not subject to mandatory redemption $ 34,293,000 $ 34,293,000
Commitments and contingencies (Notes 4 and 5)
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: 102,565,266 shares and 101,259,800 shares at December 31, 2014 and 2013, respectively 1,521,297,000 1,488,126,000
Retained earnings 297,509,000 255,694,000
Accumulated other comprehensive income (loss), net of taxes:    
Net unrealized gains (losses) on securities 462,000 (3,663,000)
Unrealized losses on derivatives (289,000) (525,000)
Retirement benefit plans (27,551,000) (12,562,000)
Accumulated other comprehensive income (loss), net of taxes (27,378,000) (16,750,000)
Total shareholders' equity 1,791,428,000 1,727,070,000
Total liabilities and shareholders' equity 11,184,161,000 10,340,044,000
Hawaiian Electric Company, Inc. and Subsidiaries    
Property, plant and equipment, net    
Property, plant and equipment, net 4,051,450,000 3,792,329,000
Utility plant, at cost    
Land 52,299,000 51,883,000
Plant and equipment 6,009,482,000 5,701,875,000
Less accumulated depreciation (2,175,510,000) (2,111,229,000)
Construction in progress 158,616,000 143,233,000
Utility property, plant and equipment, net 4,044,887,000 3,785,762,000
Nonutility property, plant and equipment, less accumulated depreciation of $1,227 and $1,223 at respective dates 6,563,000 6,567,000
Current assets    
Cash and equivalents 13,762,000 62,825,000 [1]
Customer accounts receivable, net 158,484,000 175,448,000
Accrued unbilled revenues, net 137,374,000 144,124,000
Other accounts receivable, net 4,283,000 14,062,000
Fuel oil stock, at average cost 106,046,000 134,087,000
Materials and supplies, at average cost 57,250,000 59,044,000
Prepayments and other 66,383,000 52,857,000
Regulatory assets 71,421,000 69,738,000
Total current assets 615,003,000 712,185,000
Other long-term assets    
Regulatory assets 833,843,000 506,186,000
Unamortized debt expense 8,323,000 9,003,000
Other 81,838,000 67,426,000
Total other long-term assets 924,004,000 582,615,000
Total assets 5,590,457,000 5,087,129,000
Liabilities    
Interest and dividends payable 22,316,000 21,652,000
Deferred income taxes 602,872,000 507,161,000
Regulatory liabilities 344,849,000 349,299,000
Contributions in aid of construction 466,432,000 432,894,000
Long-term debt, net 1,206,546,000 1,206,545,000
Total capitalization 2,922,983,000 2,834,402,000
Current liabilities    
Current portion of long-term debt 0 11,400,000
Accounts payable 163,934,000 189,559,000
Taxes accrued 250,402,000 249,445,000
Regulatory liabilities 632,000 1,916,000
Other 65,146,000 63,881,000
Total current liabilities 502,430,000 537,853,000
Deferred credits and other liabilities    
Regulatory liabilities 344,217,000 347,383,000
Unamortized tax credits 79,492,000 73,539,000
Retirement benefits liability 595,395,000 262,162,000
Other 76,636,000 91,735,000
Total deferred credits and other liabilities 1,698,612,000 1,281,980,000
Preferred stock of subsidiaries - not subject to mandatory redemption $ 34,293,000 $ 34,293,000
Commitments and contingencies (Notes 4 and 5)
Shareholders' equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none $ 34,293,000 $ 34,293,000
Retained earnings 997,773,000 948,624,000
Accumulated other comprehensive income (loss), net of taxes:    
Retirement benefit plans 45,000 608,000
Total shareholders' equity 1,682,144,000 1,593,564,000
Total liabilities and shareholders' equity $ 5,590,457,000 $ 5,087,129,000
[1] As restated - See Note 1, “Summary of significant accounting policies - Revision and restatements of previously issued financial statements.”