Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net income	$ 33,893	$ 46,161
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	59,614	57,435
Other amortization	11,418	9,792
Provision for credit losses	10,401	6,870
Loans originated, held for sale	(76,770)	(30,934)
Proceeds from sale of loans, held for sale	72,533	24,900
Deferred income taxes	(4,996)	(3,171)
Bad debt expense	2,724	239
Share-based compensation expense	1,704	2,162
Allowance for equity funds used during construction	(2,015)	(2,910)
Other	(1,776)	(3,243)
Changes in assets and liabilities
Decrease (increase) in accounts receivable and unbilled revenues, net	(6,563)	57,710
Decrease (increase) in fuel oil stock	2,566	(37,574)
Decrease (increase) in regulatory assets	1,171	(5,040)
Increase in regulatory liabilities	16,586	1,138
Increase in accounts, interest and dividends payable	8,935	10,413
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes	(45,205)	(33,136)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability	(490)	3,220
Change in other assets and liabilities	(19,713)	(26,624)
Net cash provided by operating activities	61,293	77,169
Cash flows from investing activities
Available-for-sale investment securities purchased	(159,173)	(4,334)
Principal repayments on available-for-sale investment securities	77,642	57,074
Principal repayments of held-to-maturity investment securities	4,851	1,681
Purchase of stock from Federal Home Loan Bank	(20,766)	(26,036)
Redemption of stock from Federal Home Loan Bank	19,440	26,560
Net increase in loans held for investment	(65,544)	(19,804)
Proceeds from sale of low-income housing investments	6,725	0
Capital expenditures	(125,554)	(120,424)
Contributions to low income housing investments	(1,026)	(1,627)
Other	2,942	3,932
Net cash used in investing activities	(260,463)	(82,978)
Cash flows from financing activities
Net increase in deposit liabilities	111,881	46,807
Net increase (decrease) in short-term borrowings with original maturities of three months or less	(135,710)	11,407
Net increase (decrease) in other bank borrowings with original maturities of three months or less	42,495	(20,170)
Proceeds from issuance of short-term debt	50,000	25,000
Proceeds from issuance of long-term debt	186,925	550
Repayment of long-term debt	(909)	0
Withheld shares for employee taxes on vested share-based compensation	(5,700)	(996)
Common stock dividends	(36,018)	(34,860)
Preferred stock dividends of subsidiaries	(473)	(473)
Other	(4,590)	(4,257)
Net cash provided by financing activities	207,901	23,008
Net increase in cash, cash equivalents and restricted cash	8,731	17,199
Cash, cash equivalents and restricted cash, beginning of period	227,685	169,208
Cash, cash equivalents and restricted cash, end of period	236,416	186,407
Less: Restricted cash	(30,902)	0
Cash and cash equivalents, end of period	205,514	186,407
Hawaiian Electric Company, Inc. and Subsidiaries
Cash flows from operating activities
Net income	24,404	32,625
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	55,850	53,947
Other amortization	7,618	6,714
Deferred income taxes	(3,762)	(3,127)
Income tax credits, net	(101)	(27)
State refundable credit	(2,530)	(2,095)
Allowance for equity funds used during construction	(2,015)	(2,910)
Other	121	305
Changes in assets and liabilities
Decrease (increase) in accounts receivable	(9,020)	36,905
Decrease in accrued unbilled revenues	2,704	25,852
Decrease (increase) in fuel oil stock	2,410	(36,564)
Increase in materials and supplies	(496)	(1,381)
Decrease (increase) in regulatory assets	1,171	(5,040)
Increase in regulatory liabilities	16,586	1,138
Decrease in accounts payable	(7,153)	(927)
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes	(43,919)	(34,668)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability	(1,017)	2,991
Change in other assets and liabilities	(4,434)	(4,561)
Net cash provided by operating activities	39,141	69,416
Cash flows from investing activities
Capital expenditures	(119,144)	(102,891)
Other	2,713	794
Net cash used in investing activities	(116,431)	(102,097)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings with original maturities of three months or less	50,000	25,000
Net increase (decrease) in other bank borrowings with original maturities of three months or less	(38,987)	5,999
Proceeds from issuance of short-term debt	50,000	25,000
Proceeds from issuance of long-term debt	95,000	0
Common stock dividends	(26,784)	(25,313)
Preferred stock dividends of Hawaiian Electric and subsidiaries	(499)	(499)
Other	(23)	(2)
Net cash provided by financing activities	78,707	5,185
Net increase in cash, cash equivalents and restricted cash	1,417	(27,496)
Cash, cash equivalents and restricted cash, beginning of period	41,894	35,877
Cash, cash equivalents and restricted cash, end of period	43,311	8,381
Less: Restricted cash	(30,902)	0
Cash and cash equivalents, end of period	$ 12,409	$ 8,381