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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues            
Revenues $ 895,607   $ 680,257   $ 1,680,675 $ 1,323,203
Expenses            
Total expenses 808,939   578,401   1,494,731 1,123,316
Total operating income 86,668   101,856   185,944 199,887
Allowance for equity funds used during construction 2,470   2,377   4,879 4,568
Retirement defined benefits credit—other than service costs 1,246   1,216   2,489 3,651
Allowance for borrowed funds used during construction 798   812   1,576 1,559
Income before income taxes 66,217   82,944   153,697 163,140
Income taxes 13,203   18,599   31,043 33,964
Net income attributable to Hawaiian Electric 53,014   64,345   122,654 129,176
Preferred stock dividends of Hawaiian Electric 473   473   946 946
Net income for common stock 52,541 $ 69,167 63,872 $ 64,358 121,708 128,230
Hawaiian Electric Company, Inc. and Subsidiaries            
Revenues            
Revenues 818,873   601,879   1,527,665 1,166,743
Expenses            
Fuel oil 269,655   139,136   490,941 266,563
Purchased power 218,085   162,465   381,618 304,761
Other operation and maintenance 124,892   118,142   250,149 232,712
Depreciation 58,739   57,381   117,210 114,736
Taxes, other than income taxes 76,348   57,071   142,998 111,173
Total expenses 747,719   534,195   1,382,916 1,029,945
Total operating income 71,154   67,684   144,749 136,798
Allowance for equity funds used during construction 2,470   2,377   4,879 4,568
Retirement defined benefits credit—other than service costs 991   1,020   1,981 2,041
Interest expense and other charges, net (18,800)   (17,995)   (37,126) (35,978)
Allowance for borrowed funds used during construction 798   812   1,576 1,559
Income before income taxes 56,613   53,898   116,059 108,988
Income taxes 11,979   11,498   24,517 22,731
Net income 44,634   42,400   91,542 86,257
Preferred stock dividends of subsidiaries 229   229   458 458
Net income attributable to Hawaiian Electric 44,405   42,171   91,084 85,799
Preferred stock dividends of Hawaiian Electric 270   270   540 540
Net income for common stock $ 44,135 $ 46,409 $ 41,901 $ 43,358 $ 90,544 $ 85,259