Revenues

3 Months Ended

Mar. 31, 2021

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 March 31, 2021
(in thousands)	Electric utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	181,239	$	—	$	—	$	181,239
Electric energy sales - commercial	168,465		—		—		168,465
Electric energy sales - large light and power	176,815		—		—		176,815
Electric energy sales - other	2,479		—		—		2,479
Bank fees	—		11,378		—		11,378
Other sales	—		—		924		924
Total revenues from contracts with customers	528,998		11,378		924		541,300
Revenues from other sources
Regulatory revenue	$	28,429	$	—	$	—	$	28,429
Bank interest and dividend income	—		58,620		—		58,620
Other bank noninterest income	—		7,133		—		7,133
Other	7,437		—		27		7,464
Total revenues from other sources	35,866		65,753		27		101,646
Total revenues	$	564,864	$	77,131	$	951	$	642,946
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	11,378	$	—	$	11,378
Services/goods transferred over time	528,998		—		924		529,922
Total revenues from contracts with customers	$	528,998	$	11,378	$	924	$	541,300

	Three months ended March 31, 2020
(in thousands)	Electric utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	190,266	$	—	$	—	$	190,266
Electric energy sales - commercial	197,105		—		—		197,105
Electric energy sales - large light and power	216,220		—		—		216,220
Electric energy sales - other	3,458		—		—		3,458
Bank fees	—		11,556		—		11,556
Total revenues from contracts with customers	607,049		11,556		—		618,605
Revenues from other sources
Regulatory revenue	(15,304)		—		—		(15,304)
Bank interest and dividend income	—		64,975		—		64,975
Other bank noninterest income	—		3,207		—		3,207
Other	5,697		—		6		5,703
Total revenues from other sources	(9,607)		68,182		6		58,581
Total revenues	$	597,442	$	79,738	$	6	$	677,186
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	11,556	$	—	$	11,556
Services/goods transferred over time	607,049		—		—		607,049
Total revenues from contracts with customers	$	607,049	$	11,556	$	—	$	618,605

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 March 31, 2021. 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 March 31, 2021, 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.