Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease, Cost

Amounts related to the Company’s total lease cost and cash flows arising from lease transaction are as follows:

	HEI consolidated						Hawaiian Electric consolidated
Three months ended June 30, 2019 (in thousands)	Other leases		PPAs classified as leases		Total		Other leases		PPAs classified as leases		Total
Operating lease cost	$	3,056	$	15,478	$	18,534	$	1,523	$	15,478	$	17,001
Variable lease cost	3,396		43,985		47,381		2,764		43,985		46,749
Total lease cost	$	6,452	$	59,463	$	65,915	$	4,287	$	59,463	$	63,750
Other information
Cash paid for amounts included in the measurement of lease liabilities—Operating cash flows from operating leases	$	2,593	$	14,329	$	16,922	$	1,411	$	14,329	$	15,740

	HEI consolidated									Hawaiian Electric consolidated
Six months ended June 30, 2019 (in thousands)	Other leases			PPAs classified as leases			Total			Other leases			PPAs classified as leases			Total
Operating lease cost	$	5,740		$	30,956		$	36,696		$	3,009		$	30,956		$	33,965
Variable lease cost	6,200			85,265			91,465			4,850			85,265			90,115
Total lease cost	$	11,940		$	116,221		$	128,161		$	7,859		$	116,221		$	124,080
Other information
Cash paid for amounts included in the measurement of lease liabilities—Operating cash flows from operating leases	$	5,179		$	29,367		$	34,546		$	2,808		$	29,367		$	32,175
Weighted-average remaining lease term—operating leases (in years)	6.6			3.3			3.8			4.8			3.3			3.4
Weighted-average discount rate—operating leases	3.70		%	4.08		%	4.01		%	4.17		%	4.08		%	4.09		%

Schedule of Annual Undiscounted Cash Flows on Operating Lease Liabilities

The following table summarizes the maturity of our operating lease liabilities as of June 30, 2019:

	HEI consolidated									Hawaiian Electric consolidated
(in millions)	Other leases			PPAs classified as leases			Total			Other leases			PPAs classified as leases			Total
2019 (remaining months)	$	5		$	32		$	37		$	3		$	32		$	35
2020	10			63			73			6			63			69
2021	8			63			71			5			63			68
2022	5			42			47			2			42			44
2023	4			—			4			2			—			2
2024	3			—			3			1			—			1
Thereafter	8			—			8			2			—			2
Total lease payments	43			200			243			21			200			221
Less: Imputed interest	(5		)	(12		)	(17		)	(2		)	(12		)	(14		)
Total present value of lease payments	$	38		$	188		$	226		$	19		$	188		$	207

Schedule of Future Minimum Rental Payments for Operating Leases Under 842

The future minimum lease obligations under operating leases in effect as of December 31, 2018, having a term in excess of one year as determined prior to the adoption of ASC 842 are as follows:

	HEI consolidated						Hawaiian Electric consolidated
(in millions)	Other leases		PPAs classified as leases		Total		Other leases		PPAs classified as leases		Total
2019	$	11	$	63	$	74	$	6	$	63	$	69
2020	9		63		72		6		63		69
2021	8		63		71		5		63		68
2022	5		42		47		2		42		44
2023	4		—		4		2		—		2
Thereafter	12		—		12		3		—		3
Total lease payments	$	49	$	231	$	280	$	24	$	231	$	255