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Condensed Consolidated Balance Sheets - HECO - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Utility property, plant and equipment    
Total property, plant and equipment, net $ 5,411,746 $ 5,392,068
Current assets    
Cash and cash equivalents 301,704 305,551
Restricted cash 5,912 5,911
Other long-term assets    
Operating lease right-of-use assets 136,207 122,416
Total assets 15,908,429 15,822,637
Capitalization    
Retained earnings 788,787 757,921
Accumulated other comprehensive loss, net of tax benefits (169,692) (52,533)
Total shareholders’ equity 2,303,642 2,390,884
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Notes 3 and 4)
Current liabilities    
Interest and dividends payable 33,519 19,889
Deferred credits and other liabilities    
Deferred income taxes 340,246 384,760
Total liabilities and shareholders’ equity 15,908,429 15,822,637
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,057 51,937
Plant and equipment 7,796,069 7,735,983
Less accumulated depreciation (2,985,762) (2,940,517)
Construction in progress 212,748 204,569
Utility property, plant and equipment, net 5,075,112 5,051,972
Nonutility property, plant and equipment, less accumulated depreciation 6,948 6,949
Total property, plant and equipment, net 5,082,060 5,058,921
Current assets    
Cash and cash equivalents 29,055 52,169
Restricted cash 2,140 3,089
Customer accounts receivable, net 181,400 186,859
Accrued unbilled revenues, net 140,005 129,155
Other accounts receivable, net 7,040 7,267
Fuel oil stock, at average cost 139,372 104,078
Materials and supplies, at average cost 72,706 71,877
Prepayments and other 41,415 46,031
Regulatory assets 78,875 66,664
Total current assets 692,008 667,189
Other long-term assets    
Operating lease right-of-use assets 114,478 101,470
Regulatory assets 480,286 498,879
Other 166,344 165,166
Total other long-term assets 761,108 765,515
Total assets 6,535,176 6,491,625
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,753,533 shares at March 31, 2022 and December 31, 2021) 118,376 118,376
Premium on capital stock 798,526 798,526
Retained earnings 1,363,211 1,348,277
Accumulated other comprehensive loss, net of tax benefits (3,229) (3,280)
Total shareholders’ equity 2,276,884 2,261,899
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,624,599 1,624,427
Total capitalization 3,935,776 3,920,619
Commitments and contingencies (Notes 3 and 4)
Current liabilities    
Current portion of operating lease liabilities 39,958 49,368
Current portion of long-term debt 51,982 51,975
Short-term borrowings from non-affiliates 6,000 0
Accounts payable 168,189 160,007
Interest and dividends payable 28,154 17,325
Taxes accrued, including revenue taxes 181,324 208,280
Regulatory liabilities 29,928 29,760
Other 80,218 71,569
Total current liabilities 585,753 588,284
Deferred credits and other liabilities    
Operating lease liabilities 88,689 65,780
Deferred income taxes 406,324 408,634
Regulatory liabilities 973,516 967,008
Unamortized tax credits 101,967 103,945
Defined benefit pension and other postretirement benefit plans liability 315,675 321,780
Other 127,476 115,575
Total deferred credits and other liabilities 2,013,647 1,982,722
Total liabilities and shareholders’ equity $ 6,535,176 $ 6,491,625