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Consolidated Statements of Cash Flows (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities    
Net income [1] $ 32,339 $ 46,260
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment [1] 45,865 43,181
Other amortization [1] 2,371 1,609
Increase in deferred income taxes [1] 3,828 6,457
Allowance for equity funds used during construction [1] (1,413) (1,609)
Change in cash overdraft [1] 0 (1,038)
Changes in assets and liabilities    
Decrease (increase) in fuel oil stock [1] 20,731 (34,260)
Increase in regulatory assets [1] (10,827) (9,258)
Change in prepaid and accrued income taxes and revenue taxes [1] (9,461) (19,474)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability [1] 123 (818)
Change in other assets and liabilities [1] (25,992) (29,931)
Net cash provided by operating activities [1] 138,610 43,691
Cash flows from investing activities    
Capital expenditures [1] (123,527) (90,442)
Contributions in aid of construction [1] 9,145 6,958
Other [1] (3,549) (343)
Net cash used in investing activities [1] (152,045) (98,502)
Cash flows from financing activities    
Common stock dividends [1] (31,829) (31,435)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less [1] (88,472) 30,887
Other [1] (3,965) (3,953)
Net cash provided by financing activities [1] 130,061 103,895
Net increase in cash and cash equivalents [1] 116,626 49,084
Hawaiian Electric Company, Inc. and Subsidiaries    
Cash flows from operating activities    
Net income [1] 27,373 35,919
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment [1] 44,243 41,603
Other amortization [1] 1,698 1,621
Increase in deferred income taxes [1] 15,132 20,344
Change in tax credits, net [1] 2,576 2,032
Allowance for equity funds used during construction [1] (1,413) (1,609)
Change in cash overdraft [1] 0 (1,038)
Changes in assets and liabilities    
Decrease in accounts receivable [1] 29,104 8,804
Decrease in accrued unbilled revenues [1] 27,880 12,260
Decrease (increase) in fuel oil stock [1] 20,731 (34,260)
Increase in materials and supplies [1] (1,357) (1,045)
Increase in regulatory assets [1] (10,827) (9,258)
Increase in accounts payable [1] 15,380 8,589
Change in prepaid and accrued income taxes and revenue taxes [1] (63,696) (47,526)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability [1] 110 (205)
Change in other assets and liabilities [1] (9,774) (11,324)
Net cash provided by operating activities [1] 97,160 24,907
Cash flows from investing activities    
Capital expenditures [1] (118,874) (89,075)
Contributions in aid of construction [1] 9,145 6,958
Other (243) (343)
Net cash used in investing activities [1] (109,486) (81,774)
Cash flows from financing activities    
Common stock dividends [1] (22,601) (22,707)
Preferred stock dividends of Hawaiian Electric and subsidiaries [1] (499) (499)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less [1] 30,000 34,996
Other [1] (216) (389)
Net cash provided by financing activities [1] 6,684 11,401
Net increase in cash and cash equivalents [1] (5,642) (45,466)
Cash and cash equivalents, beginning of period [1] 13,762 62,825
Cash and cash equivalents, end of period [1] $ 8,120 $ 17,359
[1] As restated - See Note 1, “Basis of presentation - Restatement of previously issued financial statements.”