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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 186,407 $ 169,208
Accounts receivable and unbilled revenues, net 265,440 325,672
Available-for-sale investment securities, at fair value 1,348,263 1,388,533
Held-to-maturity investment securities, at amortized cost 140,203 141,875
Stock in Federal Home Loan Bank, at cost 9,434 9,958
Loans held for investment, net 4,803,883 4,790,902
Loans held for sale, at lower of cost or fair value 8,136 1,805
Property, plant and equipment, net of accumulated depreciation 4,867,127 4,830,118
Regulatory assets 826,186 833,426
Other 581,350 530,364
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 4,867,127 4,830,118
Current assets    
Cash and cash equivalents 186,407 169,208
Other long-term assets    
Operating lease right-of-use assets 241,486 0
Total assets 13,360,105 13,104,051
Liabilities    
Accounts payable 195,538 214,773
Interest and dividends payable 33,711 28,254
Deposit liabilities 6,205,659 6,158,852
Short-term borrowings—other than bank 110,399 73,992
Other bank borrowings 89,870 110,040
Long-term debt, net—other than bank 1,880,339 1,879,641
Deferred income taxes 375,330 372,518
Operating lease liabilities 241,340 0
Regulatory liabilities 953,219 950,236
Defined benefit pension and other postretirement benefit plans liability 538,100 538,384
Other 518,792 580,788
Total liabilities 11,142,297 10,907,478
Capitalization    
Retained earnings 554,451 543,623
Accumulated other comprehensive loss, net of tax benefits (41,369) (50,610)
Total shareholders’ equity 2,183,515 2,162,280
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 33,711 28,254
Deferred credits and other liabilities    
Deferred income taxes 375,330 372,518
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: 108,936,912 shares and 108,879,245 shares at March 31, 2019 and December 31, 2018, respectively 1,670,433 1,669,267
Retained earnings 554,451 543,623
Accumulated other comprehensive loss, net of tax benefits (41,369) (50,610)
Total shareholders’ equity 2,183,515 2,162,280
Total liabilities and shareholders’ equity 13,360,105 13,104,051
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and cash equivalents 8,381 35,877
Property, plant and equipment, net of accumulated depreciation 4,563,298 4,522,102
Utility property, plant and equipment    
Land 49,667 49,667
Plant and equipment 6,874,568 6,809,671
Less accumulated depreciation (2,615,214) (2,577,342)
Construction in progress 247,317 233,145
Utility property, plant and equipment, net 4,556,338 4,515,141
Nonutility property, plant and equipment, less accumulated depreciation 6,960 6,961
Total property, plant and equipment, net 4,563,298 4,522,102
Current assets    
Cash and cash equivalents 8,381 35,877
Customer accounts receivable, net 137,413 177,896
Accrued unbilled revenues, net 95,905 121,738
Other accounts receivable, net 7,253 6,215
Fuel oil stock, at average cost 116,498 79,935
Materials and supplies, at average cost 56,584 55,204
Prepayments and other 33,887 32,118
Regulatory assets 72,018 71,016
Total current assets 527,939 579,999
Other long-term assets    
Operating lease right-of-use assets 221,261 0
Regulatory assets 754,168 762,410
Other 104,222 102,992
Total other long-term assets 1,079,651 865,402
Total assets 6,170,888 5,967,503
Liabilities    
Interest and dividends payable 27,608 23,215
Deferred income taxes 382,672 383,197
Operating lease liabilities 221,000  
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 16,751,488 shares at March 31, 2019 and December 31, 2018) 111,696 111,696
Premium on capital stock 681,305 681,305
Retained earnings 1,171,354 1,164,541
Accumulated other comprehensive loss, net of tax benefits 123 99
Total shareholders’ equity 1,964,478 1,957,641
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Long-term debt, net 1,337,016 1,418,802
Total capitalization 3,335,787 3,410,736
Commitments and contingencies
Current liabilities    
Current portion of operating lease liabilities 61,269 0
Current portion of long-term debt 81,957 0
Short-term borrowings from non-affiliates 55,999 25,000
Accounts payable 156,146 171,791
Interest and dividends payable 27,608 23,215
Taxes accrued, including revenue taxes 193,334 233,333
Regulatory liabilities 12,613 17,977
Other 62,423 60,003
Total current liabilities 651,349 531,319
Deferred credits and other liabilities    
Operating lease liabilities 159,875 0
Deferred income taxes 382,672 383,197
Regulatory liabilities 940,606 932,259
Unamortized tax credits 91,569 91,522
Defined benefit pension and other postretirement benefit plans liability 503,404 503,659
Other 105,626 114,811
Total deferred credits and other liabilities 2,183,752 2,025,448
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Retained earnings 1,171,354 1,164,541
Accumulated other comprehensive loss, net of tax benefits 123 99
Total shareholders’ equity 1,964,478 1,957,641
Total liabilities and shareholders’ equity $ 6,170,888 $ 5,967,503