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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 244,785 $ 261,881
Accounts receivable and unbilled revenues, net 266,336 263,209
Available-for-sale investment securities, at fair value 1,418,490 1,401,198
Held-to-maturity investment securities, at amortized cost 43,450 44,515
Stock in Federal Home Loan Bank, at cost 10,158 9,706
Loans held for investment, net 4,688,129 4,617,131
Loans held for sale, at lower of cost or fair value 7,379 11,250
Property, plant and equipment, net of accumulated depreciation 4,542,558 4,460,248
Regulatory assets 872,499 869,297
Other 526,744 513,535
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 4,542,558 4,460,248
Current assets    
Cash and cash equivalents 244,785 261,881
Other long-term assets    
Total assets 12,702,718 12,534,160
Liabilities    
Accounts payable 190,221 193,714
Interest and dividends payable 29,786 25,837
Deposit liabilities 6,079,067 5,890,597
Short-term borrowings—other than bank 238,445 117,945
Other bank borrowings 100,430 190,859
Long-term debt, net—other than bank 1,684,002 1,683,797
Deferred income taxes 381,478 388,430
Regulatory liabilities 895,093 880,770
Defined benefit pension and other postretirement benefit plans liability 502,304 509,514
Other 475,822 521,018
Total liabilities 10,576,648 10,402,481
Capitalization    
Retained earnings 483,342 476,836
Accumulated other comprehensive loss, net of tax benefits (54,714) (41,941)
Total shareholders’ equity 2,091,777 2,097,386
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 0 0
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Interest and dividends payable 29,786 25,837
Deferred credits and other liabilities    
Deferred income taxes 381,478 388,430
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 0 0
Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 108,841,157 shares and 108,787,807 shares at March 31, 2018 and December 31, 2017, respectively 1,663,149 1,662,491
Retained earnings 483,342 476,836
Accumulated other comprehensive loss, net of tax benefits (54,714) (41,941)
Total shareholders’ equity 2,091,777 2,097,386
Total liabilities and shareholders’ equity 12,702,718 12,534,160
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and cash equivalents 23,399 12,517
Property, plant and equipment, net of accumulated depreciation 4,296,732 4,248,539
Utility property, plant and equipment    
Land 52,940 53,177
Plant and equipment 6,452,215 6,401,040
Less accumulated depreciation (2,507,942) (2,476,352)
Construction in progress 291,937 263,094
Utility property, plant and equipment, net 4,289,150 4,240,959
Nonutility property, plant and equipment, less accumulated depreciation 7,582 7,580
Total property, plant and equipment, net 4,296,732 4,248,539
Current assets    
Cash and cash equivalents 23,399 12,517
Customer accounts receivable, net 141,433 127,889
Accrued unbilled revenues, net 99,635 107,054
Other accounts receivable, net 3,953 7,163
Fuel oil stock, at average cost 88,723 86,873
Materials and supplies, at average cost 55,692 54,397
Prepayments and other 30,208 25,355
Regulatory assets 102,800 88,390
Total current assets 545,843 509,638
Other long-term assets    
Regulatory assets 769,699 780,907
Other 98,295 91,529
Total other long-term assets 867,994 872,436
Total assets 5,710,569 5,630,613
Liabilities    
Interest and dividends payable 26,204 22,575
Deferred income taxes 393,089 394,041
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 16,142,216 shares at March 31, 2018 and December 31, 2017) 107,634 107,634
Premium on capital stock 614,667 614,675
Retained earnings 1,125,842 1,124,193
Accumulated other comprehensive loss, net of tax benefits (1,188) (1,219)
Total shareholders’ equity 1,846,955 1,845,283
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Long-term debt, net 1,318,654 1,318,516
Total capitalization 3,199,902 3,198,092
Commitments and contingencies
Current liabilities    
Current portion of long-term debt 49,973 49,963
Short-term borrowings from non-affiliates 121,983 4,999
Accounts payable 142,399 159,610
Interest and dividends payable 26,204 22,575
Taxes accrued, including revenue taxes 166,465 199,101
Regulatory liabilities 6,933 3,401
Other 59,875 59,456
Total current liabilities 573,832 499,105
Deferred credits and other liabilities    
Deferred income taxes 393,089 394,041
Regulatory liabilities 888,160 877,369
Unamortized tax credits 91,936 90,369
Defined benefit pension and other postretirement benefit plans liability 465,626 472,948
Other 98,024 98,689
Total deferred credits and other liabilities 1,936,835 1,933,416
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Retained earnings 1,125,842 1,124,193
Accumulated other comprehensive loss, net of tax benefits (1,188) (1,219)
Total shareholders’ equity 1,846,955 1,845,283
Total liabilities and shareholders’ equity $ 5,710,569 $ 5,630,613