XML 96 R10.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Total revenues $ 717,176 $ 867,096 $ 1,978,950 $ 2,449,502
Operating expenses        
Purchased power 161,000 193,000 446,000 546,000
Total expenses 620,081 775,060 1,739,619 2,185,069
Total operating income 97,095 92,036 239,331 264,433
Allowance for equity funds used during construction 2,057 1,937 5,366 4,933
Allowance for borrowed funds used during construction 737 740 1,918 1,877
Income taxes 29,516 27,264 70,406 76,302
Net income 51,144 48,279 118,974 136,293
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock 50,673 47,808 117,557 134,876
Hawaiian Electric Company, Inc. and Subsidiaries        
Total revenues 648,127 803,565 1,779,732 2,262,056
Operating expenses        
Fuel oil 195,633 309,432 518,670 865,989
Purchased power 160,518 192,882 445,809 546,121
Other operation and maintenance 103,653 108,313 306,519 295,483
Depreciation 44,356 41,594 132,840 124,790
Taxes, other than income taxes 61,310 75,188 169,440 212,783
Total expenses 565,470 727,409 1,573,278 2,045,166
Total operating income 82,657 76,156 206,454 216,890
Allowance for equity funds used during construction 2,057 1,937 5,366 4,933
Interest expense and other charges, net (16,557) (16,414) (49,170) (48,989)
Allowance for borrowed funds used during construction 737 740 1,918 1,877
Income before income taxes 68,894 62,419 164,568 174,711
Income taxes 25,390 23,042 60,351 64,686
Net income 43,504 39,377 104,217 110,025
Preferred stock dividends of subsidiaries 228 228 686 686
Net income attributable to Hawaiian Electric 43,276 39,149 103,531 109,339
Preferred stock dividends of Hawaiian Electric 270 270 810 810
Net income for common stock $ 43,006 $ 38,879 $ 102,721 $ 108,529