Basis of presentation (Tables)

3 Months Ended

Mar. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of new accounting pronouncements and changes in accounting principles

The table below illustrates the effects of the restatement on the previously filed financial statements:

	Three months ended March 31, 2015									Three months ended March 31, 2014
	As									As
	previously			As						previously			As
(in thousands)	filed			restated			Difference			filed			restated			Difference
Consolidated Statements of Cash Flows
HEI consolidated
Cash flows from operating activities
Other amortization	$	1,362		$	2,371		$	1,009		N/A			N/A			N/A
Increase in deferred income taxes (1)	15,265			3,828			(11,437		)	N/A			N/A			N/A
Share-based compensation expense	—			1,754			1,754			$	—		$	2,361		$	2,361
Increase/(decrease) in accounts, interest and dividends payable	(42,463		)	22,053			64,516			(9,307		)	15,306			24,613
Change in prepaid and accrued income taxes and utility revenue taxes	(61,397		)	(9,461		)	51,936			N/A			N/A			N/A
Change in other assets and liabilities (1)	19,826			(25,992		)	(45,818		)	(27,227		)	(29,931		)	(2,704		)
Net cash provided by operating activities	76,650			138,610			61,960			19,421			43,691			24,270
Cash flows from investing activities
Capital expenditures	(59,011		)	(123,527		)	(64,516		)	(65,829		)	(90,442		)	(24,613		)
Cash flows from investing activities-Other	3,281			3,549			268			—			343			343
Net cash used in investing activities	(87,797		)	(152,045		)	(64,248		)	(74,232		)	(98,502		)	(24,270		)
Cash flows from financing activities
Cash flows from financing activities-Other	(6,253		)	(3,965		)	2,288			N/A			N/A			N/A
Net cash provided by financing activities	127,773			130,061			2,288			N/A			N/A			N/A
Hawaiian Electric consolidated
Cash flows from operating activities
Other amortization	689			1,698			1,009			N/A			N/A			N/A
Increase/(decrease) in accounts payable	(49,136		)	15,380			64,516			(16,024		)	8,589			24,613
Change in other assets and liabilities	(8,522		)	(9,774		)	(1,252		)	(10,981		)	(11,324		)	(343		)
Net cash provided by operating activities	32,887			97,160			64,273			637			24,907			24,270
Cash flows from investing activities
Capital expenditures	(54,358		)	(118,874		)	(64,516		)	(64,462		)	(89,075		)	(24,613		)
Cash flows from investing activities-Other	—			243			243			—			343			343
Net cash used in investing activities	(45,213		)	(109,486		)	(64,273		)	(57,504		)	(81,774		)	(24,270		)
Note 10
HEI consolidated and Hawaiian Electric consolidated
Additions to electric utility property, plant and equipment - unpaid invoices and accruals (investing) (in millions)	24			(41		)	(65		)	9			(16		)	(25		)

(1) As previously filed and adjusted by ASU No. 2014-01 (see Note 11).

N/A - Not applicable.

The table below summarizes the impact to prior period financial statements of the adoption of ASU No. 2014-01:

	HEI Consolidated												ASB
(in thousands)	As previously  filed			Adjustment from adoption of ASU No. 2014-01			Restatement adjustment (see Note 1)			As currently reported			As previously  filed		Adjustment from adoption of ASU No. 2014-01			As currently reported
HEI Consolidated Income Statement/ASB Statement of Income Data
Three months ended March 31, 2014
Bank expenses/Noninterest expense	$	41,996		$	(908	)				$	41,088		$	38,370	$	(908	)	$	37,462
Bank operating income/Income before income taxes	$	21,623		$	908					$	22,531		$	21,624	$	908		$	22,532
Income taxes	$	24,673		$	1,048					$	25,721		$	7,085	$	1,048		$	8,133
Net income for common stock/Net income	$	45,927		$	(140	)				$	45,787		$	14,539	$	(140	)	$	14,399
HEI Consolidated Balance Sheet/ASB Balance Sheet Data
December 31, 2014
Other assets	$	541,542		$	981					$	542,523		$	304,435	$	981		$	305,416
Total assets and Total liabilities and shareholders’ equity	$	11,184,161		$	981					$	11,185,142		$	5,565,241	$	981		$	5,566,222
Deferred income taxes/Other liabilities	$	631,734		$	1,836					$	633,570		$	116,527	$	1,836		$	118,363
Total liabilities	$	9,358,440		$	1,836					$	9,360,276		$	5,030,598	$	1,836		$	5,032,434
Retained earnings	$	297,509		$	(855	)				$	296,654		$	212,789	$	(855	)	$	211,934
Total shareholders’ equity	$	1,791,428		$	(855	)				$	1,790,573		$	534,643	$	(855	)	$	533,788
HEI Consolidated Statement of Changes in Stockholders’ Equity
December 31, 2013
Retained earnings	$	255,694		$	(664	)				$	255,030
Total shareholders’ equity	$	1,727,070		$	(664	)				$	1,726,406
HEI Consolidated Statement of Cash Flows
Three months ended March 31, 2014
Net income	$	46,400		$	(140	)				$	46,260
Increase in deferred income taxes	$	6,298		$	159					$	6,457
Change in other assets and liabilities	$	(27,208	)	$	(19	)	$	(2,704	)	$	(29,931	)