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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 247,443 $ 341,421
Restricted cash 10,618 17,558
Accounts receivable and unbilled revenues, net 312,727 281,216
Available-for-sale investment securities, at fair value 2,509,906 1,970,417
Held-to-maturity investment securities, at amortized cost 375,655 226,947
Stock in Federal Home Loan Bank, at cost 10,000 8,680
Loans held for investment, net 5,106,207 5,232,642
Loans held for sale, at lower of cost or fair value 50,877 28,275
Property, plant and equipment, net of accumulated depreciation 5,310,162 5,265,735
Regulatory assets 767,856 766,708
Other 668,368 629,149
Goodwill 82,190 82,190
Utility property, plant and equipment    
Total property, plant and equipment, net 5,310,162 5,265,735
Current assets    
Cash and cash equivalents 247,443 341,421
Other long-term assets    
Operating lease right-of-use assets 154,720 153,069
Total assets 15,606,729 15,004,007
Liabilities    
Accounts payable 175,060 182,347
Interest and dividends payable 20,284 23,547
Deposit liabilities 7,873,430 7,386,957
Short-term borrowings—other than bank 95,748 129,379
Other bank borrowings 129,665 89,670
Long-term debt, net—other than bank 2,258,043 2,119,129
Deferred income taxes 384,953 395,089
Operating lease liabilities 167,997 160,432
Regulatory liabilities 966,477 959,786
Defined benefit pension and other postretirement benefit plans liability 548,840 567,438
Other 584,610 618,438
Total liabilities 13,205,107 12,632,212
Capitalization    
Retained earnings 714,317 660,398
Accumulated other comprehensive loss, net of tax benefits (28,808) (1,264)
Total shareholders’ equity 2,367,329 2,337,502
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Interest and dividends payable 20,284 23,547
Deferred credits and other liabilities    
Deferred income taxes 384,953 395,089
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 0 0
Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 109,311,034 shares and 109,181,124 shares at June 30, 2021 and December 31, 2020, respectively 1,681,820 1,678,368
Retained earnings 714,317 660,398
Accumulated other comprehensive loss, net of tax benefits (28,808) (1,264)
Total shareholders’ equity 2,367,329 2,337,502
Total liabilities and shareholders’ equity 15,606,729 15,004,007
Hawaiian Electric Company, Inc. and Subsidiaries    
Assets    
Cash and cash equivalents 23,666 47,360
Restricted cash 8,968 15,966
Property, plant and equipment, net of accumulated depreciation 4,976,830 4,937,170
Regulatory assets 25,600  
Utility property, plant and equipment    
Land 51,612 51,611
Plant and equipment 7,619,886 7,509,343
Less accumulated depreciation (2,903,421) (2,819,079)
Construction in progress 201,802 188,342
Utility property, plant and equipment, net 4,969,879 4,930,217
Nonutility property, plant and equipment, less accumulated depreciation 6,951 6,953
Total property, plant and equipment, net 4,976,830 4,937,170
Current assets    
Cash and cash equivalents 23,666 47,360
Customer accounts receivable, net 152,392 147,832
Accrued unbilled revenues, net 132,978 101,036
Other accounts receivable, net 5,168 7,673
Fuel oil stock, at average cost 102,066 58,238
Materials and supplies, at average cost 72,959 67,344
Prepayments and other 31,913 44,083
Regulatory assets 59,905 30,435
Total current assets 590,015 519,967
Other long-term assets    
Operating lease right-of-use assets 131,622 127,654
Regulatory assets 707,951 736,273
Other 141,556 136,309
Total other long-term assets 981,129 1,000,236
Total assets 6,547,974 6,457,373
Liabilities    
Interest and dividends payable 17,827 20,350
Deferred income taxes 393,275 397,798
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,324,376 shares at June 30, 2021 and December 31, 2020) 115,515 115,515
Premium on capital stock 746,987 746,987
Retained earnings 1,311,744 1,282,335
Accumulated other comprehensive loss, net of tax benefits (2,850) (2,919)
Total shareholders’ equity 2,171,396 2,141,918
Long-term debt, net 1,676,043 1,561,302
Total capitalization 3,881,732 3,737,513
Preferred stock of subsidiaries - not subject to mandatory redemption 34,293 34,293
Commitments and contingencies
Current liabilities    
Current portion of operating lease liabilities 68,090 64,730
Short-term borrowings from non-affiliates 37,999 49,979
Accounts payable 131,633 133,849
Interest and dividends payable 17,827 20,350
Taxes accrued, including revenue taxes 175,814 192,524
Regulatory liabilities 31,713 37,301
Other 60,951 74,262
Total current liabilities 524,027 572,995
Deferred credits and other liabilities    
Operating lease liabilities 76,066 69,494
Deferred income taxes 393,275 397,798
Regulatory liabilities 934,764 922,485
Unamortized tax credits 108,286 111,915
Defined benefit pension and other postretirement benefit plans liability 514,075 530,532
Other 115,749 114,641
Total deferred credits and other liabilities 2,142,215 2,146,865
Shareholders’ equity    
Preferred stock, no par value, authorized 10,000,000 shares; issued: none 34,293 34,293
Retained earnings 1,311,744 1,282,335
Accumulated other comprehensive loss, net of tax benefits (2,850) (2,919)
Total shareholders’ equity 2,171,396 2,141,918
Total liabilities and shareholders’ equity $ 6,547,974 $ 6,457,373