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Electric utility segment (Tables)
 9 Months Ended
Sep. 30, 2020
Regulatory Projects and Legal Obligations [Line Items]  
Schedule of condensed consolidating statements of income (loss)
Statements of Income and Comprehensive Income Data
 Three months ended September 30Nine months ended September 30
(in thousands)2020201920202019
Interest and dividend income    
Interest and fees on loans$52,419 $59,260 $161,505 $175,740 
Interest and dividends on investment securities7,221 7,599 22,939 25,762 
Total interest and dividend income59,640 66,859 184,444 201,502 
Interest expense    
Interest on deposit liabilities2,287 4,384 8,945 12,923 
Interest on other borrowings61 422 449 1,361 
Total interest expense2,348 4,806 9,394 14,284 
Net interest income57,292 62,053 175,050 187,218 
Provision for credit losses13,970 3,315 39,504 17,873 
Net interest income after provision for credit losses43,322 58,738 135,546 169,345 
Noninterest income    
Fees from other financial services4,233 5,085 11,906 14,445 
Fee income on deposit liabilities3,832 5,320 11,842 15,402 
Fee income on other financial products1,524 1,706 4,608 5,129 
Bank-owned life insurance1,965 1,660 4,432 6,309 
Mortgage banking income7,681 1,490 15,933 3,080 
Gain on sale of investment securities, net— 653 9,275 653 
Other income, net(231)428 (69)1,420 
Total noninterest income19,004 16,342 57,927 46,438 
Noninterest expense    
Compensation and employee benefits26,431 25,364 77,287 76,626 
Occupancy5,693 5,694 16,402 15,843 
Data processing3,366 3,763 11,052 11,353 
Services2,624 2,829 7,907 7,861 
Equipment2,001 2,163 6,630 6,416 
Office supplies, printing and postage1,187 1,297 3,577 4,320 
Marketing727 1,142 1,908 3,455 
FDIC insurance714 (5)1,567 1,249 
Other expense1
4,556 3,676 15,813 12,049 
Total noninterest expense47,299 45,923 142,143 139,172 
Income before income taxes15,027 29,157 51,330 76,611 
Income taxes2,877 6,269 9,405 15,868 
Net income12,150 22,888 41,925 60,743 
Other comprehensive income, net of taxes1,393 3,809 20,960 24,336 
Comprehensive income$13,543 $26,697 $62,885 $85,079 

1 The three and nine-month periods ended September 30, 2020 include approximately $0.7 million and $4.5 million, respectively, of certain direct and incremental COVID-19 related costs. For the nine months ended September 30, 2020, these costs, which have been recorded in Other expense, include $2.4 million of compensation expense and $1.7 million of enhanced cleaning and sanitation costs.
Reconciliation to amounts per HEI Condensed Consolidated Statements of Income*:
 Three months ended September 30,Nine months ended September 30
(in thousands)2020201920202019
Interest and dividend income$59,640 $66,859 $184,444 $201,502 
Noninterest income19,004 16,342 57,927 46,438 
Less: Gain on sale of investment securities, net— (653)(9,275)(653)
*Revenues-Bank78,644 82,548 233,096 247,287 
Total interest expense2,348 4,806 9,394 14,284 
Provision for credit losses13,970 3,315 39,504 17,873 
Noninterest expense47,299 45,923 142,143 139,172 
Less: Retirement defined benefits gain (expense)—other than service costs(473)196 (1,341)276 
*Expenses-Bank63,144 54,240 189,700 171,605 
*Operating income-Bank15,500 28,308 43,396 75,682 
Add back: Retirement defined benefits (gain) expense—other than service costs473 (196)1,341 (276)
Add back: Gain on sale of investment securities, net— (653)(9,275)(653)
Income before income taxes$15,027 $29,157 $51,330 $76,611 
Schedule of condensed consolidating balance sheet
Balance Sheets Data
(in thousands)September 30, 2020December 31, 2019
Assets    
Cash and due from banks
 $150,087  $129,770 
Interest-bearing deposits10,918 48,628 
Investment securities
Available-for-sale, at fair value 1,747,658  1,232,826 
Held-to-maturity, at amortized cost (fair value of $138,622 and $143,467, respectively)
133,858 139,451 
Stock in Federal Home Loan Bank, at cost 10,920  8,434 
Loans held for investment 5,480,902  5,121,176 
Allowance for credit losses (91,459) (53,355)
Net loans 5,389,443  5,067,821 
Loans held for sale, at lower of cost or fair value 16,806  12,286 
Other 533,865  511,611 
Goodwill 82,190  82,190 
Total assets $8,075,745  $7,233,017 
Liabilities and shareholder’s equity    
Deposit liabilities—noninterest-bearing $2,424,539  $1,909,682 
Deposit liabilities—interest-bearing 4,613,598  4,362,220 
Other borrowings 151,875  115,110 
Other 165,300  146,954 
Total liabilities 7,355,312  6,533,966 
Commitments and contingencies  
Common stock 1  1 
Additional paid-in capital351,322 349,453 
Retained earnings 356,812  358,259 
Accumulated other comprehensive income (loss), net of taxes    
Net unrealized gains on securities$22,248  $2,481  
Retirement benefit plans(9,950)12,298 (11,143)(8,662)
Total shareholder’s equity 720,433  699,051 
Total liabilities and shareholder’s equity $8,075,745  $7,233,017 
Other assets    
Bank-owned life insurance $161,206  $157,465 
Premises and equipment, net 206,190  204,449 
Accrued interest receivable 24,770  19,365 
Mortgage-servicing rights 9,553  9,101 
Low-income housing investments71,467 66,302 
Real estate acquired in settlement of loans, net 42  — 
Other 60,637  54,929 
  $533,865  $511,611 
Other liabilities    
Accrued expenses $52,170  $45,822 
Federal and state income taxes payable 9,750  14,996 
Cashier’s checks 28,638  23,647 
Advance payments by borrowers 5,413  10,486 
Other 69,329  52,003 
  $165,300  $146,954 
Hawaiian Electric Company, Inc. and Subsidiaries  
Regulatory Projects and Legal Obligations [Line Items]  
Schedule of purchases from all IPPs Purchases from all IPPs were as follows:
 Three months ended September 30Nine months ended September 30
(in millions)2020201920202019
Kalaeloa$39 $58 $111 $159 
AES Hawaii33 38 96 102 
HPOWER18 20 52 57 
Hamakua Energy12 17 36 51 
Wind IPPs30 30 83 73 
Solar IPPs17 11 45 26 
Other IPPs 1
— 2 3 4 
Total IPPs$149 $176 $426 $472 
 
1Includes hydro power and other PPAs
Schedule of net annual incremental amounts proposed to be collected (refunded) The net annual incremental amounts to be collected (refunded) from June 1, 2020 through May 31, 2021 are as follows:
(in millions)Hawaiian ElectricHawaii Electric LightMaui ElectricTotal
2020 Annual incremental RAM adjusted revenues
$20.6 $3.2 $5.7 $29.5 
Annual change in accrued RBA balance as of December 31, 2019 (and associated revenue taxes) which incorporates MPIR recovery
(46.5)(9.9)(11.0)(67.4)
Incremental Performance Incentive Mechanisms (net)
2.2 (0.1)(0.1)2.0 
Net annual incremental amount to be collected (refunded) under the tariffs$(23.7)$(6.8)$(5.4)$(35.9)
Schedule of condensed consolidating statements of income (loss)
Condensed Consolidating Statement of Income
Three months ended September 30, 2020

(in thousands)Hawaiian ElectricHawaii Electric LightMaui Electric
Other subsidiaries
Consolidating adjustments
Hawaiian Electric
Consolidated
Revenues$398,877 82,172 81,629 — (110)$562,568 
Expenses
Fuel oil70,557 17,047 17,438 — — 105,042 
Purchased power116,249 17,665 15,111 — — 149,025 
Other operation and maintenance71,179 17,565 22,499 — — 111,243 
Depreciation37,853 9,760 8,076 — — 55,689 
Taxes, other than income taxes38,005 7,512 7,534 — — 53,051 
   Total expenses333,843 69,549 70,658 — — 474,050 
Operating income65,034 12,623 10,971 — (110)88,518 
Allowance for equity funds used during construction1,902 208 237 — — 2,347 
Equity in earnings of subsidiaries14,912 — — — (14,912)— 
Retirement defined benefits expense—other than service costs(591)194 (35)— — (432)
Interest expense and other charges, net(11,970)(2,519)(2,457)— 110 (16,836)
Allowance for borrowed funds used during construction659 65 77 — — 801 
Income before income taxes69,946 10,571 8,793 — (14,912)74,398 
Income taxes9,611 2,378 1,846 13,835 
Net income60,335 8,193 6,947 — (14,912)60,563 
Preferred stock dividends of subsidiaries— 133 95 — 228 
Net income attributable to Hawaiian Electric
60,335 8,060 6,852 — (14,912)60,335 
Preferred stock dividends of Hawaiian Electric270 — — — — 270 
Net income for common stock$60,065 8,060 6,852 — (14,912)$60,065 
Condensed Consolidating Statement of Income
Three months ended September 30, 2019
(in thousands)Hawaiian ElectricHawaii Electric LightMaui Electric
Other subsidiaries
Consolidating adjustments
Hawaiian Electric
Consolidated
Revenues$491,723 93,576 103,236 — (205)$688,330 
Expenses
Fuel oil139,747 21,427 37,919 — — 199,093 
Purchased power135,447 24,342 15,248 — — 175,037 
Other operation and maintenance80,582 19,868 23,965 — — 124,415 
Depreciation35,867 10,453 7,615 — — 53,935 
Taxes, other than income taxes46,433 8,359 9,265 — — 64,057 
   Total expenses438,076 84,449 94,012 — — 616,537 
Operating income53,647 9,127 9,224 — (205)71,793 
Allowance for equity funds used during construction2,685 229 336 — — 3,250 
Equity in earnings of subsidiaries11,048 — — — (11,048)— 
Retirement defined benefits expense—other than service costs(582)(105)(36)— — (723)
Interest expense and other charges, net(12,771)(2,524)(2,339)— 205 (17,429)
Allowance for borrowed funds used during construction990 95 123 — — 1,208 
Income before income taxes55,017 6,822 7,308 — (11,048)58,099 
Income taxes7,968 1,420 1,434 — — 10,822 
Net income47,049 5,402 5,874 — (11,048)47,277 
Preferred stock dividends of subsidiaries— 133 95 — — 228 
Net income attributable to Hawaiian Electric
47,049 5,269 5,779 — (11,048)47,049 
Preferred stock dividends of Hawaiian Electric270 — — — — 270 
Net income for common stock$46,779 5,269 5,779 — (11,048)$46,779 
Condensed Consolidating Statement of Income
Nine months ended September 30, 2020

(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther subsidiariesConsolidating adjustmentsHawaiian Electric
Consolidated
Revenues$1,200,677 249,970 244,043 — (465)$1,694,225 
Expenses
Fuel oil268,382 55,733 66,599 — — 390,714 
Purchased power333,146 53,032 39,501 — — 425,679 
Other operation and maintenance231,090 54,250 63,491 — — 348,831 
Depreciation113,724 29,281 24,230 — — 167,235 
Taxes, other than income taxes115,179 23,324 22,986 — — 161,489 
   Total expenses1,061,521 215,620 216,807 — — 1,493,948 
Operating income139,156 34,350 27,236 — (465)200,277 
Allowance for equity funds used during construction5,452 520 584 — — 6,556 
Equity in earnings of subsidiaries37,492 — — — (37,492)— 
Retirement defined benefits expense—other than service costs(1,683)581 (93)— — (1,195)
Interest expense and other charges, net(36,471)(7,536)(7,226)— 465 (50,768)
Allowance for borrowed funds used during construction1,887 163 191 — — 2,241 
Income before income taxes145,833 28,078 20,692 — (37,492)157,111 
Income taxes18,724 6,372 4,220 — — 29,316 
Net income127,109 21,706 16,472 — (37,492)127,795 
Preferred stock dividends of subsidiaries— 400 286 — — 686 
Net income attributable to Hawaiian Electric127,109 21,306 16,186 — (37,492)127,109 
Preferred stock dividends of Hawaiian Electric810 — — — — 810 
Net income for common stock$126,299 21,306 16,186 — (37,492)$126,299 
Condensed Consolidating Statement of Income
Nine months ended September 30, 2019


(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther subsidiariesConsolidating adjustmentsHawaiian Electric
Consolidated
Revenues$1,347,412 270,697 282,939 — (439)$1,900,609 
Expenses
Fuel oil374,100 62,210 105,012 — — 541,322 
Purchased power367,541 67,548 37,247 — — 472,336 
Other operation and maintenance240,311 56,635 64,859 — — 361,805 
Depreciation107,602 31,359 22,834 — — 161,795 
Taxes, other than income taxes127,654 25,170 26,480 — — 179,304 
   Total expenses1,217,208 242,922 256,432 — — 1,716,562 
Operating income130,204 27,775 26,507 — (439)184,047 
Allowance for equity funds used during construction7,746 579 1,010 — — 9,335 
Equity in earnings of subsidiaries30,983 — — — (30,983)— 
Retirement defined benefits expense—other than service costs(1,716)(316)(95)— — (2,127)
Interest expense and other charges, net(38,961)(8,345)(7,078)— 439 (53,945)
Allowance for borrowed funds used during construction2,854 242 369 — — 3,465 
Income before income taxes131,110 19,935 20,713 — (30,983)140,775 
Income taxes18,821 4,431 4,548 — — 27,800 
Net income112,289 15,504 16,165 — (30,983)112,975 
Preferred stock dividends of subsidiaries— 400 286 — — 686 
Net income attributable to Hawaiian Electric112,289 15,104 15,879 — (30,983)112,289 
Preferred stock dividends of Hawaiian Electric810 — — — — 810 
Net income for common stock$111,479 15,104 15,879 — (30,983)$111,479 
Schedule of condensed consolidating statement of comprehensive income
Condensed Consolidating Statement of Comprehensive Income
Three months ended September 30, 2020

(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther
subsidiaries		Consolidating
adjustments		Hawaiian Electric
Consolidated
Net income for common stock$60,065 8,060 6,852 — (14,912)$60,065 
Other comprehensive income (loss), net of taxes:      
Retirement benefit plans:      
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits5,769 885 770 — (1,655)5,769 
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes(5,721)(887)(767)— 1,654 (5,721)
Other comprehensive income (loss), net of taxes48 (2)3 — (1)48 
Comprehensive income attributable to common shareholder
$60,113 8,058 6,855 — (14,913)$60,113 
Condensed Consolidating Statement of Comprehensive Income
Three months ended September 30, 2019

(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther
subsidiaries		Consolidating
adjustments		Hawaiian Electric
Consolidated
Net income for common stock$46,779 5,269 5,779 — (11,048)$46,779 
Other comprehensive income (loss), net of taxes:      
Retirement benefit plans:      
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits2,519 387 309 — (696)2,519 
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes(2,493)(387)(309)— 696 (2,493)
Other comprehensive income, net of taxes26 — — — — 26 
Comprehensive income attributable to common shareholder$46,805 5,269 5,779 — (11,048)$46,805 
Condensed Consolidating Statement of Comprehensive Income
Nine months ended September 30, 2020

(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther subsidiariesConsolidating adjustmentsHawaiian Electric Consolidated
Net income for common stock$126,299 21,306 16,186 — (37,492)$126,299 
Other comprehensive income (loss), net of taxes:
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits16,137 2,384 2,072 — (4,456)16,137 
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes(16,038)(2,382)(2,072)— 4,454 (16,038)
Other comprehensive income, net of taxes99 2 — — (2)99 
Comprehensive income attributable to common shareholder$126,398 21,308 16,186 — (37,494)$126,398 
Condensed Consolidating Statement of Comprehensive Income
Nine months ended September 30, 2019

(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther subsidiariesConsolidating adjustmentsHawaiian Electric Consolidated
Net income for common stock$111,479 15,104 15,879 — (30,983)$111,479 
Other comprehensive income (loss), net of taxes:
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits7,162 1,091 887 — (1,978)7,162 
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes(7,089)(1,089)(887)— 1,976 (7,089)
Other comprehensive income, net of taxes73 2 — — (2)73 
Comprehensive income attributable to common shareholder$111,552 15,106 15,879 — (30,985)$111,552 
Schedule of condensed consolidating balance sheet
Condensed Consolidating Balance Sheet
September 30, 2020
(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther
subsi-
diaries		Consoli-
dating
adjustments		Hawaiian Electric
Consolidated
Assets      
Property, plant and equipment
Utility property, plant and equipment      
Land$42,389 5,606 3,594 — — $51,589 
Plant and equipment4,910,344 1,331,934 1,180,630 — — 7,422,908 
Less accumulated depreciation(1,656,533)(592,461)(540,923)— — (2,789,917)
Construction in progress163,757 20,975 27,805 — — 212,537 
Utility property, plant and equipment, net3,459,957 766,054 671,106 — — 4,897,117 
Nonutility property, plant and equipment, less accumulated depreciation
5,307 115 1,532 — — 6,954 
Total property, plant and equipment, net3,465,264 766,169 672,638 — — 4,904,071 
Investment in wholly owned subsidiaries, at equity606,411 — — — (606,411)— 
Current assets      
Cash and cash equivalents23,525 4,363 1,835 77 — 29,800 
Restricted cash20,458 — — — — 20,458 
Advances to affiliates28,500 — — — (28,500)— 
Customer accounts receivable, net95,884 23,322 18,730 — — 137,936 
Accrued unbilled revenues, net77,981 14,633 13,801 — — 106,415 
Other accounts receivable, net18,878 2,625 2,191 — (16,620)7,074 
Fuel oil stock, at average cost38,716 10,216 11,511 — — 60,443 
Materials and supplies, at average cost39,549 10,954 18,291 — — 68,794 
Prepayments and other30,400 4,056 5,509 — (321)39,644 
Regulatory assets19,095 2,502 3,865 — — 25,462 
Total current assets392,986 72,671 75,733 77 (45,441)496,026 
Other long-term assets      
Operating lease right-of-use assets142,912 1,466 362 — — 144,740 
Regulatory assets453,384 103,556 95,281 — — 652,221 
Other87,024 17,515 20,707 — — 125,246 
Total other long-term assets683,320 122,537 116,350 — — 922,207 
Total assets$5,147,981 961,377 864,721 77 (651,852)$6,322,304 
Capitalization and liabilities      
Capitalization      
Common stock equity$2,093,398 308,066 298,268 77 (606,411)$2,093,398 
Cumulative preferred stock—not subject to mandatory redemption
22,293 7,000 5,000 — — 34,293 
Long-term debt, net1,116,305 216,424 228,399 — — 1,561,128 
Total capitalization3,231,996 531,490 531,667 77 (606,411)3,688,819 
Current liabilities      
Current portion of operating lease liabilities64,776 98 32 — — 64,906 
Current portion of long-term debt— — — — — — 
Short-term borrowings from non-affiliates49,948 — — — — 49,948 
Short-term borrowings from affiliate— 26,500 2,000 — (28,500)— 
Accounts payable88,867 13,730 15,883 — — 118,480 
Interest and preferred dividends payable21,681 3,950 4,653 — (40)30,244 
Taxes accrued, including revenue taxes127,948 29,187 26,930 — (321)183,744 
Regulatory liabilities22,943 9,304 4,308 — — 36,555 
Other57,763 14,285 19,582 — (16,580)75,050 
Total current liabilities433,926 97,054 73,388 — (45,441)558,927 
Deferred credits and other liabilities      
Operating lease liabilities84,471 1,369 335 — — 86,175 
Deferred income taxes269,635 52,682 59,218 — — 381,535 
Regulatory liabilities661,649 174,919 94,723 — — 931,291 
Unamortized tax credits83,626 15,502 14,388 — — 113,516 
Defined benefit pension and other postretirement benefit plans liability
321,768 66,237 66,145 — — 454,150 
Other60,910 22,124 24,857 — — 107,891 
Total deferred credits and other liabilities1,482,059 332,833 259,666 — — 2,074,558 
Total capitalization and liabilities$5,147,981 961,377 864,721 77 (651,852)$6,322,304 
Condensed Consolidating Balance Sheet
December 31, 2019
(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther
subsi-diaries		Consoli-
dating
adjustments		Hawaiian Electric
Consolidated
Assets      
Property, plant and equipment
Utility property, plant and equipment      
Land$42,598 5,606 3,612 — — $51,816 
Plant and equipment4,765,362 1,313,727 1,161,199 — — 7,240,288 
Less accumulated depreciation(1,591,241)(574,615)(524,301)— — (2,690,157)
Construction in progress165,137 9,993 17,944 — — 193,074 
Utility property, plant and equipment, net3,381,856 754,711 658,454 — — 4,795,021 
Nonutility property, plant and equipment, less accumulated depreciation
5,310 114 1,532 — — 6,956 
Total property, plant and equipment, net3,387,166 754,825 659,986 — — 4,801,977 
Investment in wholly owned subsidiaries, at equity
591,969 — — — (591,969)— 
Current assets      
Cash and cash equivalents2,239 6,885 1,797 101 — 11,022 
Restricted cash30,749 123 — — — 30,872 
Advances to affiliates27,700 8,000 — — (35,700)— 
Customer accounts receivable, net105,454 24,520 22,816 — — 152,790 
Accrued unbilled revenues, net83,148 17,071 17,008 — — 117,227 
Other accounts receivable, net18,396 1,907 1,960 — (10,695)11,568 
Fuel oil stock, at average cost69,003 8,901 14,033 — — 91,937 
Materials and supplies, at average cost34,876 8,313 17,513 — — 60,702 
Prepayments and other88,334 3,725 24,921 — — 116,980 
Regulatory assets27,689 1,641 1,380 — — 30,710 
Total current assets487,588 81,086 101,428 101 (46,395)623,808 
Other long-term assets      
Operating lease right-of-use assets174,886 1,537 386 — — 176,809 
Regulatory assets476,390 109,163 98,817 — — 684,370 
Other69,010 15,493 17,215 — — 101,718 
Total other long-term assets720,286 126,193 116,418 — — 962,897 
Total assets$5,187,009 962,104 877,832 101 (638,364)$6,388,682 
Capitalization and liabilities      
Capitalization
Common stock equity$2,047,352 298,998 292,870 101 (591,969)$2,047,352 
Cumulative preferred stock—not subject to mandatory redemption
22,293 7,000 5,000 — — 34,293 
Long-term debt, net1,006,737 206,416 188,561 — — 1,401,714 
Total capitalization3,076,382 512,414 486,431 101 (591,969)3,483,359 
Current liabilities     
Current portion of operating lease liabilities63,582 94 31 — — 63,707 
Current portion of long-term debt61,958 13,995 20,000 — — 95,953 
Short-term borrowings-non-affiliate88,987 — — — — 88,987 
Short-term borrowings-affiliate8,000 — 27,700 — (35,700)— 
Accounts payable139,056 25,629 23,085 — — 187,770 
Interest and preferred dividends payable14,759 3,115 2,900 — (46)20,728 
Taxes accrued, including revenue taxes143,522 32,541 31,929 — — 207,992 
Regulatory liabilities13,363 9,454 7,907 — — 30,724 
Other51,295 11,362 15,297 — (10,649)67,305 
Total current liabilities584,522 96,190 128,849 — (46,395)763,166 
Deferred credits and other liabilities     
Operating lease liabilities111,598 1,442 360 — — 113,400 
Deferred income taxes265,864 53,534 57,752 — — 377,150 
Regulatory liabilities664,894 178,474 98,218 — — 941,586 
Unamortized tax credits86,852 16,196 14,820 — — 117,868 
Defined benefit pension and other postretirement benefit plans liability
339,471 69,928 69,364 — — 478,763 
Other57,426 33,926 22,038 — — 113,390 
Total deferred credits and other liabilities1,526,105 353,500 262,552 — — 2,142,157 
Total capitalization and liabilities$5,187,009 962,104 877,832 101 (638,364)$6,388,682 
Schedule of condensed consolidating statement of changes in common stock equity
Condensed Consolidating Statement of Changes in Common Stock Equity
Nine months ended September 30, 2020
(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther
subsidiaries		Consolidating
adjustments		Hawaiian Electric
Consolidated
Balance, December 31, 2019$2,047,352 298,998 292,870 101 (591,969)$2,047,352 
Net income for common stock126,299 21,306 16,186 — (37,492)126,299 
Other comprehensive income, net of taxes99 2 — — (2)99 
Common stock dividends(80,352)(12,240)(10,788)— 23,028 (80,352)
Dissolution of subsidiary— — — (24)24 — 
Balance, September 30, 2020$2,093,398 308,066 298,268 77 (606,411)$2,093,398 
Condensed Consolidating Statement of Changes in Common Stock Equity
Nine months ended September 30, 2019  
(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther
subsidiaries		Consolidating
adjustments		Hawaiian Electric
Consolidated
Balance, December 31, 2018$1,957,641 295,874 280,863 101 (576,838)$1,957,641 
Net income for common stock111,479 15,104 15,879 — (30,983)111,479 
Other comprehensive income, net of taxes
73 2 — — (2)73 
Common stock dividends(75,939)(7,635)(11,301)— 18,936 (75,939)
Common stock issuance expenses— — (1)— 1 — 
Balance, September 30, 2019$1,993,254 303,345 285,440 101 (588,886)$1,993,254 
Schedule of condensed consolidating statement of cash flows
Condensed Consolidating Statement of Cash Flows
Nine months ended September 30, 2020
(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther
subsidiaries		Consolidating
adjustments		Hawaiian Electric
Consolidated
Net cash provided by operating activities$205,645 27,256 34,678 — (22,624)$244,955 
Cash flows from investing activities      
Capital expenditures(180,088)(48,750)(38,644)— — (267,482)
Advances from (to) affiliates(800)8,000 — — (7,200)— 
Other5,636 1,056 1,031 (24)(404)7,295 
Net cash used in investing activities(175,252)(39,694)(37,613)(24)(7,604)(260,187)
Cash flows from financing activities      
Common stock dividends(80,352)(12,240)(10,788)— 23,028 (80,352)
Preferred stock dividends of Hawaiian Electric and subsidiaries(810)(400)(286)— — (1,496)
Proceeds from issuance of short-term debt100,000 — — — — 100,000 
Repayment of short-term debt(100,000)— — — — (100,000)
Proceeds from issuance of long-term debt205,000 10,000 40,000 — — 255,000 
Repayment of long-term debt(95,000)(14,000)— — — (109,000)
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less(46,987)26,500 (25,700)— 7,200 (38,987)
Other(1,249)(67)(253)— — (1,569)
Net cash provided by financing activities(19,398)9,793 2,973 — 30,228 23,596 
Net increase (decrease) in cash and cash equivalents10,995 (2,645)38 (24)— 8,364 
Cash, cash equivalents and restricted cash, beginning of period32,988 7,008 1,797 101 — 41,894 
Cash, cash equivalents and restricted cash, end of period43,983 4,363 1,835 77 — 50,258 
Less: Restricted cash(20,458)— — — — (20,458)
Cash and cash equivalents, end of period$23,525 4,363 1,835 77 — $29,800 
Condensed Consolidating Statement of Cash Flows
Nine months ended September 30, 2019
(in thousands)Hawaiian ElectricHawaii Electric LightMaui ElectricOther
subsidiaries		Consolidating
adjustments		Hawaiian Electric
Consolidated
Net cash provided by operating activities$223,733 41,694 36,126 — (18,935)$282,618 
Cash flows from investing activities                                                                                                                                        
Capital expenditures (223,803)(29,119)(44,885)— — (297,807)
Advances to affiliates(22,200)(15,000)— — 37,200 — 
Other2,975 (283)(30)— — 2,662 
Net cash used in investing activities(243,028)(44,402)(44,915)— 37,200 (295,145)
Cash flows from financing activities     
Common stock dividends(75,939)(7,635)(11,301)— 18,936 (75,939)
Preferred stock dividends of Hawaiian Electric and subsidiaries(810)(400)(286)— — (1,496)
Proceeds from issuance of short-term debt25,000 — — — — 25,000 
Proceeds from issuance of long-term debt120,000 70,000 10,000 — — 200,000 
Repayment of long-term debt and funds transferred for repayment of long-term debt(121,546)(70,000)(10,000)— — (201,546)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less77,353 — 22,200 — (37,200)62,353 
Other578 123 85 — (1)785 
Net cash provided by (used in) financing activities24,636 (7,912)10,698 — (18,265)9,157 
Net increase (decrease) in cash and cash equivalents5,341 (10,620)1,909 — — (3,370)
Cash and cash equivalents, beginning of period16,732 15,623 3,421 101 — 35,877 
Cash and cash equivalents, end of period$22,073 5,003 5,330 101 — $32,507