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Consolidated Statements of Cash Flows - HECO - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 203,664 $ 167,187 $ 250,146
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 214,036 200,658 194,273
Other amortization 41,593 21,340 10,473
Deferred income taxes (9,368) 37,835 47,118
Allowance for equity funds used during construction (10,877) (12,483) (8,325)
Other (4,219) (3,324) (12,422)
Changes in assets and liabilities      
Decrease (increase) in fuel oil stock 7,054 (20,794) 4,786
Decrease (increase) in regulatory assets 9,252 (17,256) (18,273)
Change in prepaid and accrued income taxes, tax credits and revenue taxes 29,429 20,685 39,109
Increase in defined benefit pension and other postretirement benefit plans liability 20,871 882 1,587
Change in other assets and liabilities 15,488 (25,551) (23,118)
Net cash provided by operating activities 499,312 420,441 495,658
Cash flows from investing activities      
Capital expenditures (537,369) (495,187) (330,043)
Contributions in aid of construction 30,599 64,733 30,100
Other, net 13,945 6,468 856
Net cash used in investing activities (792,059) (815,299) (736,465)
Cash flows from financing activities      
Common stock dividends (134,987) (134,873) (117,274)
Proceeds from issuance of common stock 0 0 13,220
Proceeds from issuance of long-term debt 250,000 532,325 115,000
Repayment of long-term debt and funds transferred for redemption of special purpose revenue bonds (53,887) (465,000) (75,000)
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less (18,999) 67,992 (103,063)
Other (1,603) (6,349) 2,197
Net cash used in financing activities 200,074 378,287 218,781
Net decrease in cash and equivalents (92,673) (16,571) (22,026)
Hawaiian Electric Company, Inc. and Subsidiaries      
Cash flows from operating activities      
Net income 145,648 121,946 144,312
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation of property, plant and equipment 203,626 192,784 187,061
Other amortization 26,602 8,498 6,935
Deferred income taxes (7,982) 38,037 74,386
Allowance for equity funds used during construction (10,877) (12,483) (8,325)
Other (1,570) (1,066) (3,700)
Changes in assets and liabilities      
Decrease (increase) in accounts receivable (50,917) 2,914 8,551
Increase in accrued unbilled revenues (14,684) (15,361) (7,184)
Decrease (increase) in fuel oil stock 6,938 (20,443) 4,786
Decrease (increase) in materials and supplies (807) (718) 750
Decrease (increase) in regulatory assets 9,252 (17,256) (18,273)
Increase (decrease) in accounts payable 24,358 25,734 (10,614)
Change in prepaid and accrued income taxes, tax credits and revenue taxes 25,036 29,862 2,123
Increase in defined benefit pension and other postretirement benefit plans liability 18,746 604 484
Change in other assets and liabilities 20,244 (17,866) (11,375)
Net cash provided by operating activities 393,613 335,186 369,917
Cash flows from investing activities      
Capital expenditures (445,863) (441,598) (320,437)
Contributions in aid of construction 30,599 64,733 30,100
Other, net 10,082 4,578 2,138
Net cash used in investing activities (405,182) (372,287) (288,199)
Cash flows from financing activities      
Common stock dividends (103,305) (87,767) (93,599)
Preferred stock dividends of Hawaiian Electric and subsidiaries (1,995) (1,995) (1,995)
Proceeds from issuance of common stock 70,700 14,000 24,000
Proceeds from issuance of long-term debt 100,000 315,000 40,000
Repayment of long-term debt and funds transferred for redemption of special purpose revenue bonds (50,000) (265,000) 0
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less (4,999) 4,999 0
Proceeds from other borrowings 25,000 0 0
Other (472) (3,905) (287)
Net cash used in financing activities 34,929 (24,668) (31,881)
Net decrease in cash and equivalents 23,360 (61,769) 49,837
Cash and cash equivalents, beginning of period 12,517 74,286 24,449
Cash and cash equivalents, end of period $ 35,877 $ 12,517 $ 74,286