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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 73,800 $ 77,426
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 100,062 97,148
Other amortization 6,101 4,840
Provision for loan losses 6,741 9,519
Loans receivable originated and purchased, held for sale (69,595) (98,004)
Proceeds from sale of loans receivable, held for sale 79,944 98,457
Deferred income taxes 17,047 21,738
Share-based compensation expense 3,285 2,011
Allowance for equity funds used during construction (5,426) (3,736)
Other 246 2,982
Changes in assets and liabilities    
Decrease (increase) in accounts receivable and unbilled revenues, net (12,394) 12,894
Decrease (increase) in fuel oil stock (5,962) 9,644
Decrease (increase) in regulatory assets 8,179 (11,752)
Increase in accounts, interest and dividends payable 55,451 20,837
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes (37,954) 622
Increase in defined benefit pension and other postretirement benefit plans liability 420 95
Change in other assets and liabilities (33,922) (18,878)
Net cash provided by operating activities 186,023 225,843
Cash flows from investing activities    
Available-for-sale investment securities purchased (295,510) (176,598)
Principal repayments on available-for-sale investment securities 99,663 102,716
Proceeds from sale of available-for-sale investment securities 0 16,423
Purchase of stock from Federal Home Loan Bank (2,868) (2,773)
Redemption of stock from Federal Home Loan Bank 2,380 2,233
Net increase in loans held for investment (20,326) (155,930)
Proceeds from sale of commercial loans 13,493 14,105
Proceeds from sale of real estate acquired in settlement of loans 185 553
Capital expenditures (222,246) (203,631)
Contributions in aid of construction 17,571 16,810
Other 8,216 1,106
Net cash used in investing activities (399,442) (384,986)
Cash flows from financing activities    
Net increase in deposit liabilities 175,457 206,949
Net increase in short-term borrowings with original maturities of three months or less 49,789 12,922
Net increase (decrease) in retail repurchase agreements 9,048 (27,158)
Proceeds from other bank borrowings 59,500 55,835
Repayments of other bank borrowings (73,034) (84,369)
Proceeds from issuance of long-term debt 265,000 75,000
Repayment of long-term debt and funds transferred for redemption of special purpose revenue bonds (265,000) (75,000)
Withheld shares for employee taxes on vested share-based compensation (3,787) (2,345)
Net proceeds from issuance of common stock 0 7,668
Common stock dividends (67,426) (55,591)
Preferred stock dividends of subsidiaries (946) (946)
Other (3,253) 2,908
Net cash provided by financing activities 145,348 115,873
Net decrease in cash and cash equivalents (68,071) (43,270)
Cash and cash equivalents, beginning of period 278,452 300,478
Cash and cash equivalents, end of period 210,381 257,208
Hawaiian Electric Company, Inc. and Subsidiaries    
Cash flows from operating activities    
Net income 48,107 62,222
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 96,372 93,541
Other amortization 4,262 3,793
Deferred income taxes 23,599 32,118
Allowance for equity funds used during construction (5,426) (3,736)
Other 1,615 2,982
Changes in assets and liabilities    
Decrease (increase) in accounts receivable (1,729) 16,682
Increase in accrued unbilled revenues (11,903) (3,215)
Decrease (increase) in fuel oil stock (5,962) 9,644
Increase in materials and supplies (3,420) (2,482)
Decrease (increase) in regulatory assets 8,179 (677)
Increase in accounts payable 51,637 23,427
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes (40,910) (28,192)
Increase in defined benefit pension and other postretirement benefit plans liability 302 237
Change in other assets and liabilities (14,047) (12,220)
Net cash provided by operating activities 150,676 194,124
Cash flows from investing activities    
Capital expenditures (202,080) (197,332)
Contributions in aid of construction 17,571 16,810
Other 6,250 331
Net cash used in investing activities (178,259) (180,191)
Cash flows from financing activities    
Net increase in short-term borrowings with original maturities of three months or less 43,990 36,995
Proceeds from issuance of long-term debt 265,000 0
Repayment of long-term debt and funds transferred for redemption of special purpose revenue bonds (265,000) 0
Common stock dividends (43,884) (46,800)
Preferred stock dividends of Hawaiian Electric and subsidiaries (998) (998)
Other (3,229) 0
Net cash provided by financing activities (4,121) (10,803)
Net decrease in cash and cash equivalents (31,704) 3,130
Cash and cash equivalents, beginning of period 74,286 24,449
Cash and cash equivalents, end of period $ 42,582 $ 27,579