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Shareholders' equity
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Shareholders' equity
Note 7 · Shareholders’ equity
Reserved shares.  As of December 31, 2019, HEI had reserved a total of 18.5 million shares of common stock for future issuance under the HEI Dividend Reinvestment and Stock Purchase Plan (DRIP), the Hawaiian Electric Industries Retirement Savings Plan (HEIRSP), the HEI 2011 Nonemployee Director Stock Plan, the ASB 401(k) Plan and the 2010 Executive Incentive Plan.
Accumulated other comprehensive income/(loss).  Changes in the balances of each component of accumulated other comprehensive income/(loss) (AOCI) were as follows:
 
HEI Consolidated
 
Hawaiian Electric Consolidated
 (in thousands)
 Net unrealized gains (losses) on securities
 
 Unrealized gains (losses) on derivatives
 
Retirement benefit plans
 
AOCI
 
 Unrealized gains (losses) on derivatives
 
Retirement benefit plans
 
AOCI
Balance, December 31, 2016
$
(7,931
)
 
$
(454
)
 
$
(24,744
)
 
$
(33,129
)
 
$
(454
)
 
$
132

 
$
(322
)
Current period other comprehensive income (loss) and reclassifications, net of taxes
(4,370
)
 
454

 
2,544

 
(1,372
)
 
454

 
(1,142
)
 
(688
)
Reclass of AOCI for tax rate reduction impact1
(2,650
)
 

 
(4,790
)
 
(7,440
)
 

 
(209
)
 
(209
)
Balance, December 31, 2017
(14,951
)
 

 
(26,990
)
 
(41,941
)
 

 
(1,219
)
 
(1,219
)
Current period other comprehensive income (loss) and reclassifications, net of taxes
(9,472
)
 
(436
)
 
1,239

 
(8,669
)
 

 
1,318

 
1,318

Balance, December 31, 2018
(24,423
)
 
(436
)
 
(25,751
)
 
(50,610
)
 

 
99

 
99

Current period other comprehensive income (loss) and reclassifications, net of taxes
26,904

 
(1,177
)
 
4,844

 
30,571

 

 
(1,378
)
 
(1,378
)
Balance, December 31, 2019
$
2,481

 
$
(1,613
)
 
$
(20,907
)
 
$
(20,039
)
 
$

 
$
(1,279
)
 
$
(1,279
)

1
The Company and the Utilities adopted ASU No. 2018-02 as of the beginning of the fourth quarter of 2017 and elected to reclassify the income tax effects of the Tax Act from AOCI to retained earnings. Other than this reclassification to retained earnings, the Company and the Utilities release the income tax effects in AOCI from AOCI when the specific AOCI items (e.g., on a security-by-security basis for ASB’s gains/losses on investment securities) are included in net income.
Reclassifications out of AOCI were as follows:
 
 
Amount reclassified from AOCI
 
Affected line item in the Statement of
Income/Balance Sheet
Years ended December 31
 
2019
 
2018
 
2017
 
(in thousands)
 
 
 
 
 
 
 
 
HEI consolidated
 
 
 
 
 
 
 
 
Net realized gains on securities included in net income
 
$
(478
)
 
$

 
$

 
Revenues-bank (gains on sale of investment securities, net)
Derivatives qualifying as cash flow hedges:
 
 
 
 

 
 

 
 
Window forward contracts
 

 

 
454

 
Property, plant and equipment-electric utilities (2017)
Retirement benefit plans:
 
 

 
 

 
 

 
 
Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost
 
10,107

 
21,015

 
15,737

 
See Note 10 for additional details
Impact of D&Os of the PUC included in regulatory assets
 
(16,177
)
 
8,325

 
(78,724
)
 
See Note 10 for additional details
Total reclassifications
 
$
(6,548
)
 
$
29,340

 
$
(62,533
)
 
 
Hawaiian Electric consolidated
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges
 
 
 
 
 
 
 
 
Window forward contracts
 
$

 
$

 
$
454

 
Property, plant and equipment (2017)
Retirement benefit plans:
 
 

 
 

 
 

 
 
Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost
 
9,550

 
19,012

 
14,477

 
See Note 10 for additional details
Impact of D&Os of the PUC included in regulatory assets
 
(16,177
)
 
8,325

 
(78,724
)
 
See Note 10 for additional details
Total reclassifications
 
$
(6,627
)
 
$
27,337

 
$
(63,793
)