Revenues

3 Months Ended

Mar. 31, 2022

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, 2022
(in thousands)	Electric  utility		Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	224,574	$	—	$	—	$	224,574
Electric energy sales - commercial	219,597		—		—		219,597
Electric energy sales - large light and power	241,123		—		—		241,123
Electric energy sales - other	1,426		—		—		1,426
Bank fees	—		12,996		—		12,996
Other sales	—		—		1,115		1,115
Total revenues from contracts with customers	686,720		12,996		1,115		700,831
Revenues from other sources
Regulatory revenue	$	12,886	$	—	$	—	$	12,886
Bank interest and dividend income	—		59,989		—		59,989
Other bank noninterest income	—		2,130		—		2,130
Other	9,186		—		46		9,232
Total revenues from other sources	22,072		62,119		46		84,237
Total revenues	$	708,792	$	75,115	$	1,161	$	785,068
Timing of revenue recognition
Services/goods transferred at a point in time	$	—	$	12,996	$	—	$	12,996
Services/goods transferred over time	686,720		—		1,115		687,835
Total revenues from contracts with customers	$	686,720	$	12,996	$	1,115	$	700,831

	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

There are no material contract assets or liabilities associated with revenues from contracts with customers existing at December 31, 2021 or as of March 31, 2022. 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, 2022, 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.