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Consolidated Statements of Income - HECO - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues                 $ 2,614,831   $ 2,380,654
Expenses                      
Purchased power                 639,000 $ 587,000 563,000
Total expenses                 2,527,493 2,209,392 2,024,816
Operating income $ 84,604 $ 98,064 $ 78,799 $ 71,889 $ 87,220 $ 111,473 $ 77,802 $ 69,738 333,356 346,233 355,838
Allowance for equity funds used during construction                 10,877 12,483 8,325
Retirement defined benefits expense—other than service costs                 (5,962) (7,942) (7,663)
Allowance for borrowed funds used during construction                 4,867 4,778 3,144
Income before income taxes                 254,461 276,580 373,841
Income taxes                 50,797 109,393 123,695
Net income (loss) 50,046 66,371 46,527 40,720 32,843 60,544 39,134 34,666 203,664 167,187 250,146
Preferred stock dividends of subsidiaries                 1,890 1,890 1,890
Net income for common stock 49,573 65,900 46,054 40,247 32,370 60,073 38,661 34,193 201,774 165,297 248,256
Hawaiian Electric Company, Inc. and Subsidiaries                      
Revenues                 2,546,525 2,257,566 2,094,368
Expenses                      
Fuel oil                 760,528 587,768 454,704
Purchased power                 639,307 586,634 562,740
Other operation and maintenance                 461,491 411,907 399,931
Depreciation                 203,626 192,784 187,061
Taxes, other than income taxes                 239,912 214,949 199,862
Total expenses                 2,304,864 1,994,042 1,804,298
Operating income 61,112 74,036 55,144 51,369 68,184 88,497 56,482 50,361 241,661 263,524 290,070
Allowance for equity funds used during construction                 10,877 12,483 8,325
Retirement defined benefits expense—other than service costs                 (3,631) (6,003) (5,602)
Interest expense and other charges, net                 (73,348) (69,637) (66,824)
Allowance for borrowed funds used during construction                 4,867 4,778 3,144
Income before income taxes                 180,426 205,145 229,113
Income taxes                 34,778 83,199 84,801
Net income (loss) 35,796 50,210 31,668 27,974 25,854 47,985 26,143 21,964 145,648 121,946 144,312
Preferred stock dividends of subsidiaries                 915 915 915
Net income attributable to Hawaiian Electric                 144,733 121,031 143,397
Preferred stock dividends of Hawaiian Electric                 1,080 1,080 1,080
Net income for common stock $ 35,297 $ 49,712 $ 31,169 $ 27,475 $ 25,355 $ 47,487 $ 25,644 $ 21,465 $ 143,653 $ 119,951 $ 142,317