XML 92 R10.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Total revenues $ 623,912 $ 798,657 $ 1,261,774 $ 1,582,406
Operating expenses        
Purchased power 149,000 188,000 285,000 353,000
Total expenses 551,182 715,474 1,119,538 1,410,009
Total operating income 72,730 83,183 142,236 172,397
Allowance for equity funds used during construction 1,896 1,387 3,309 [1] 2,996 [1]
Allowance for borrowed funds used during construction 682 523 1,181 1,137
Income taxes 20,911 23,317 40,890 49,038
Net income 35,491 41,754 67,830 [1] 88,014 [1]
Preferred stock dividends of subsidiaries 473 473 946 946
Net income for common stock 35,018 41,281 66,884 87,068
Hawaiian Electric Company, Inc. and Subsidiaries        
Total revenues 558,163 738,429 1,131,605 1,458,491
Operating expenses        
Fuel oil 146,231 270,257 323,037 556,557
Purchased power 149,284 188,323 285,291 353,239
Other operation and maintenance 98,864 98,564 202,866 187,170
Depreciation 44,241 41,593 88,484 83,196
Taxes, other than income taxes 53,382 69,624 108,130 137,595
Total expenses 492,002 668,361 1,007,808 1,317,757
Total operating income 66,161 70,068 123,797 140,734
Allowance for equity funds used during construction 1,896 1,387 3,309 [1] 2,996 [1]
Interest expense and other charges, net (16,288) (16,852) (32,613) (32,575)
Allowance for borrowed funds used during construction 682 523 1,181 1,137
Income before income taxes 52,451 55,126 95,674 112,292
Income taxes 19,111 20,397 34,961 41,644
Net income 33,340 34,729 60,713 [1] 70,648 [1]
Preferred stock dividends of subsidiaries 229 229 458 458
Net income attributable to Hawaiian Electric 33,111 34,500 60,255 70,190
Preferred stock dividends of Hawaiian Electric 270 270 540 540
Net income for common stock $ 32,841 $ 34,230 $ 59,715 $ 69,650
[1] As restated - See Note 1, “Basis of presentation - Restatement of previously issued financial statements.”