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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Revenues $ 785,068 $ 642,946
Expenses    
Total expenses 685,792 544,915
Total operating income 99,276 98,031
Allowance for equity funds used during construction 2,409 2,191
Retirement defined benefits credit—other than service costs 1,243 2,435
Allowance for borrowed funds used during construction 778 747
Income before income taxes 87,480 80,196
Income taxes 17,840 15,365
Net income attributable to Hawaiian Electric 69,640 64,831
Preferred stock dividends of Hawaiian Electric 473 473
Net income for common stock 69,167 64,358
Hawaiian Electric Company, Inc. and Subsidiaries    
Revenues    
Revenues 708,792 564,864
Expenses    
Fuel oil 221,286 127,427
Purchased power 163,533 142,296
Other operation and maintenance 125,257 114,570
Depreciation 58,471 57,355
Taxes, other than income taxes 66,650 54,102
Total expenses 635,197 495,750
Total operating income 73,595 69,114
Allowance for equity funds used during construction 2,409 2,191
Retirement defined benefits credit—other than service costs 990 1,021
Interest expense and other charges, net (18,326) (17,983)
Allowance for borrowed funds used during construction 778 747
Income before income taxes 59,446 55,090
Income taxes 12,538 11,233
Net income 46,908 43,857
Preferred stock dividends of subsidiaries 229 229
Net income attributable to Hawaiian Electric 46,679 43,628
Preferred stock dividends of Hawaiian Electric 270 270
Net income for common stock $ 46,409 $ 43,358