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Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Utility property, plant and equipment    
Total property, plant and equipment, net $ 5,429,420 $ 5,392,068
Current assets    
Cash and cash equivalents 159,672 305,551
Restricted cash 5,386 5,911
Other long-term assets    
Operating lease right-of-use assets 120,600 122,416
Total assets 16,001,743 15,822,637
Capitalization    
Retained earnings 803,027 757,921
Accumulated other comprehensive loss, net of tax benefits-retirement benefit plans (257,532) (52,533)
Total shareholders’ equity 2,233,504 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 20,661 19,889
Deferred credits and other liabilities    
Deferred income taxes 302,346 384,760
Total liabilities and shareholders’ equity 16,001,743 15,822,637
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,060 51,937
Plant and equipment 7,840,615 7,735,983
Less accumulated depreciation (3,026,295) (2,940,517)
Construction in progress 226,679 204,569
Utility property, plant and equipment, net 5,093,059 5,051,972
Nonutility property, plant and equipment, less accumulated depreciation 6,947 6,949
Total property, plant and equipment, net 5,100,006 5,058,921
Current assets    
Cash and cash equivalents 15,503 52,169
Restricted cash 1,129 3,089
Customer accounts receivable, net 247,270 186,859
Accrued unbilled revenues, net 178,876 129,155
Other accounts receivable, net 10,388 7,267
Fuel oil stock, at average cost 223,787 104,078
Materials and supplies, at average cost 74,581 71,877
Prepayments and other 36,540 46,031
Regulatory assets 73,578 66,664
Total current assets 861,652 667,189
Other long-term assets    
Operating lease right-of-use assets 99,690 101,470
Regulatory assets 457,322 498,879
Other 168,326 165,166
Total other long-term assets 725,338 765,515
Total assets 6,686,996 6,491,625
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,753,533 shares at June 30, 2022 and December 31, 2021) 118,376 118,376
Premium on capital stock 798,526 798,526
Retained earnings 1,375,871 1,348,277
Accumulated other comprehensive loss, net of tax benefits-retirement benefit plans (3,178) (3,280)
Total shareholders’ equity 2,289,595 2,261,899
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,684,520 1,624,427
Total capitalization 4,008,408 3,920,619
Commitments and contingencies (Notes 3 and 4)
Current liabilities    
Current portion of operating lease liabilities 27,976 49,368
Current portion of long-term debt 51,988 51,975
Short-term borrowings from non-affiliates 54,987 0
Accounts payable 199,156 160,007
Interest and dividends payable 17,796 17,325
Taxes accrued, including revenue taxes 211,999 208,280
Regulatory liabilities 22,633 29,760
Other 80,624 71,569
Total current liabilities 667,159 588,284
Deferred credits and other liabilities    
Operating lease liabilities 86,111 65,780
Deferred income taxes 400,110 408,634
Regulatory liabilities 985,442 967,008
Unamortized tax credits 100,112 103,945
Defined benefit pension and other postretirement benefit plans liability 315,475 321,780
Other 124,179 115,575
Total deferred credits and other liabilities 2,011,429 1,982,722
Total liabilities and shareholders’ equity $ 6,686,996 $ 6,491,625