XML 27 R13.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Utility property, plant and equipment    
Total property, plant and equipment, net $ 5,599,937 $ 5,392,068
Current assets    
Cash and cash equivalents 175,280 305,551
Restricted cash 3,898 5,911
Other long-term assets    
Operating lease right-of-use assets 121,302 122,416
Total assets 16,264,868 15,822,637
Capitalization    
Retained earnings 826,794 757,921
Accumulated other comprehensive loss, net of tax benefits-retirement benefit plans (353,544) (52,533)
Total shareholders’ equity 2,162,922 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 36,158 19,889
Deferred credits and other liabilities    
Deferred income taxes 263,929 384,760
Total liabilities and shareholders’ equity 16,264,868 15,822,637
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,060 51,937
Plant and equipment 7,890,926 7,735,983
Financing lease right-of-use assets 48,371 0
Less accumulated depreciation (3,067,642) (2,940,517)
Construction in progress 257,582 204,569
Utility property, plant and equipment, net 5,181,297 5,051,972
Nonutility property, plant and equipment, less accumulated depreciation 6,946 6,949
Total property, plant and equipment, net 5,188,243 5,058,921
Current assets    
Cash and cash equivalents 21,304 52,169
Restricted cash 0 3,089
Customer accounts receivable, net 258,972 186,859
Accrued unbilled revenues, net 220,420 129,155
Other accounts receivable, net 15,492 7,267
Fuel oil stock, at average cost 229,725 104,078
Materials and supplies, at average cost 77,579 71,877
Prepayments and other 45,798 46,031
Regulatory assets 55,906 66,664
Total current assets 925,196 667,189
Other long-term assets    
Operating lease right-of-use assets 93,709 101,470
Regulatory assets 441,282 498,879
Other 158,116 165,166
Total other long-term assets 693,107 765,515
Total assets 6,806,546 6,491,625
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,753,533 shares at September 30, 2022 and December 31, 2021) 118,376 118,376
Premium on capital stock 798,526 798,526
Retained earnings 1,394,160 1,348,277
Accumulated other comprehensive loss, net of tax benefits-retirement benefit plans (3,070) (3,280)
Total shareholders’ equity 2,307,992 2,261,899
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,684,699 1,624,427
Total capitalization 4,026,984 3,920,619
Commitments and contingencies (Notes 3 and 4)
Current liabilities    
Current portion of operating lease liabilities 18,572 49,368
Current portion of long-term debt 51,995 51,975
Short-term borrowings from non-affiliates 97,450 0
Accounts payable 165,461 160,007
Interest and dividends payable 29,164 17,325
Taxes accrued, including revenue taxes 256,343 208,280
Regulatory liabilities 29,318 29,760
Other 79,788 71,569
Total current liabilities 728,091 588,284
Deferred credits and other liabilities    
Operating lease liabilities 83,311 65,780
Finance lease liabilities 46,468 0
Deferred income taxes 392,176 408,634
Regulatory liabilities 1,001,058 967,008
Unamortized tax credits 98,001 103,945
Defined benefit pension and other postretirement benefit plans liability 308,133 321,780
Other 122,324 115,575
Total deferred credits and other liabilities 2,051,471 1,982,722
Total liabilities and shareholders’ equity $ 6,806,546 $ 6,491,625