Revenues

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Revenue from contracts with customers. The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:

	Three months ended September 30, 2020								Nine months ended September 30, 2020
(in thousands)	Electric  utility		Bank		Other		Total		Electric  utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	191,321	$	—	$	—	$	191,321	$	569,177	$	—	$	—	$	569,177
Electric energy sales - commercial	171,156		—		—		171,156		528,135		—		—		528,135
Electric energy sales - large light and power	176,200		—		—		176,200		568,887		—		—		568,887
Electric energy sales - other	1,935		—		—		1,935		7,172		—		—		7,172
Bank fees	—		9,589		—		9,589		—		28,356		—		28,356
Solar energy sales	—		—		211		211		—		—		240		240
Total revenues from contracts with customers	540,612		9,589		211		550,412		1,673,371		28,356		240		1,701,967
Revenues from other sources
Regulatory revenue	15,457		—		—		15,457		2,979		—		—		2,979
Bank interest and dividend income	—		59,640		—		59,640		—		184,444		—		184,444
Other bank noninterest income	—		9,415		—		9,415		—		20,296		—		20,296
Other	6,499		—		4		6,503		17,875		—		(3)		17,872
Total revenues from other sources	21,956		69,055		4		91,015		20,854		204,740		(3)		225,591
Total revenues	$	562,568	$	78,644	$	215	$	641,427	$	1,694,225	$	233,096	$	237	$	1,927,558
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	9,589	$	—	$	9,589	$	—	$	28,356	$	—	$	28,356
Services/goods transferred over time	540,612		—		211		540,823		1,673,371		—		240		1,673,611
Total revenues from contracts with customers	$	540,612	$	9,589	$	211	$	550,412	$	1,673,371	$	28,356	$	240	$	1,701,967

	Three months ended September 30, 2019								Nine months ended September 30, 2019
(in thousands)	Electric  utility		Bank		Other		Total		Electric  utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	230,051	$	—	$	—	$	230,051	$	601,664	$	—	$	—	$	601,664
Electric energy sales - commercial	230,411		—		—		230,411		635,097		—		—		635,097
Electric energy sales - large light and power	248,457		—		—		248,457		679,252		—		—		679,252
Electric energy sales - other	4,081		—		—		4,081		11,933		—		—		11,933
Bank fees	—		12,111		—		12,111		—		34,976		—		34,976
Total revenues from contracts with customers	713,000		12,111		—		725,111		1,927,946		34,976		—		1,962,922
Revenues from other sources
Regulatory revenue	(30,800)		—		—		(30,800)		(44,953)		—		—		(44,953)
Bank interest and dividend income	—		66,859		—		66,859		—		201,502		—		201,502
Other bank noninterest income	—		3,578		—		3,578		—		10,809		—		10,809
Other	6,130		—		4		6,134		17,616		—		86		17,702
Total revenues from other sources	(24,670)		70,437		4		45,771		(27,337)		212,311		86		185,060
Total revenues	$	688,330	$	82,548	$	4	$	770,882	$	1,900,609	$	247,287	$	86	$	2,147,982
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	12,111	$	—	$	12,111	$	—	$	34,976	$	—	$	34,976
Services/goods transferred over time	713,000		—		—		713,000		1,927,946		—		—		1,927,946
Total revenues from contracts with customers	$	713,000	$	12,111	$	—	$	725,111	$	1,927,946	$	34,976	$	—	$	1,962,922

There are no material contract assets or liabilities associated with revenues from contracts with customers existing at the beginning of the period or as of September 30, 2020. Accounts receivable and unbilled revenues related to contracts with

customers represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are disclosed as accounts receivable and unbilled revenues, net on HEI’s condensed consolidated balance sheets and customer accounts receivable, net and accrued unbilled revenues, net on Hawaiian Electric’s condensed consolidated balance sheets.

As of September 30, 2020, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers. For ASB, fees are recognized when a transaction is completed.