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Consolidated Statements of Cash Flows - HECO - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 161,767 $ 170,019 $ 163,599
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 183,966 172,762 160,061
Other amortization 11,619 10,282 7,324
Impairment of utility assets 6,021 1,866 0
Other 1,672 758 0
Increase in deferred income taxes 41,433 104,226 80,145
Allowance for equity funds used during construction (6,928) (6,771) (5,561)
Change in cash overdraft 0 (1,038) 1,038
Changes in assets and liabilities      
Decrease in fuel oil stock 34,830 28,041 27,332
Increase in regulatory assets (24,182) (17,000) (65,461)
Change in prepaid and accrued income taxes and revenue taxes (42,596) (39,091) (19,406)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability 852 22,251 (33,014)
Change in other assets and liabilities (41,071) (101,196) (14,292)
Net cash provided by operating activities 355,880 325,420 361,568
Cash flows from investing activities      
Capital expenditures (363,804) (364,826) (389,438)
Contributions in aid of construction 40,239 41,806 32,160
Other 7,940 1,125 1,177
Net cash used in investing activities (705,724) (592,449) (598,182)
Cash flows from financing activities      
Common stock dividends (131,765) (126,458) (98,383)
Net proceeds from issuance of common stock 104,435 26,898 55,086
Proceeds from issuance of long-term debt 80,000 125,000 286,000
Repayment of long-term debt 0 (111,400) (216,000)
Other (833) (456) (1,187)
Net cash used in financing activities 474,780 222,535 236,988
Net increase (decrease) in cash and equivalents 124,936 (44,494) 374
Hawaiian Electric Company, Inc. and Subsidiaries      
Cash flows from operating activities      
Net income 137,709 139,636 124,924
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 177,380 166,387 154,025
Other amortization 8,939 9,897 7,734
Impairment of utility assets 6,021 1,866 0
Other 1,672 758 0
Increase in deferred income taxes 75,626 82,947 64,507
Change in tax credits, net 4,844 6,062 7,017
Allowance for equity funds used during construction (6,928) (6,771) (5,561)
Change in cash overdraft 0 (1,038) 1,038
Changes in assets and liabilities      
Decrease in accounts receivable 23,727 26,743 49,445
Decrease (increase) in accrued unbilled revenues 40,093 6,750 (9,826)
Decrease in fuel oil stock 34,830 28,041 27,332
Decrease (increase) in materials and supplies 2,821 (72) (7,959)
Increase in regulatory assets (24,182) (17,000) (65,461)
Increase (decrease) in accounts payable (54,555) (65,527) 14,731
Change in prepaid and accrued income taxes and revenue taxes (63,096) (4,036) (2,028)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability 1,125 (961) 2,240
Change in other assets and liabilities (32,620) (66,687) (35,293)
Net cash provided by operating activities 333,406 306,995 326,865
Cash flows from investing activities      
Capital expenditures (350,161) (336,679) (378,044)
Contributions in aid of construction 40,239 41,806 32,160
Other 1,140 1,164 907
Net cash used in investing activities (308,782) (293,709) (344,977)
Cash flows from financing activities      
Common stock dividends (90,405) (88,492) (81,578)
Preferred stock dividends of Hawaiian Electric and subsidiaries (1,995) (1,995) (1,995)
Net proceeds from issuance of common stock 0 40,000 78,500
Proceeds from issuance of long-term debt 80,000 0 236,000
Repayment of long-term debt 0 (11,400) (166,000)
Other (1,537) (462) (1,149)
Net cash used in financing activities (13,937) (62,349) 63,778
Net increase (decrease) in cash and equivalents 10,687 (49,063) 45,666
Cash and cash equivalents, beginning of period 13,762 62,825 17,159
Cash and cash equivalents, end of period $ 24,449 $ 13,762 $ 62,825