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Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Utility property, plant and equipment    
Total property, plant and equipment, net $ 5,778,571 $ 5,687,003
Current assets    
Cash and cash equivalents 315,334 199,877
Other long-term assets    
Operating lease right-of-use assets 110,920 115,684
Total assets 16,443,785 16,284,244
Capitalization    
Retained earnings 861,105 845,830
Accumulated other comprehensive income, net of taxes-retirement benefit plans (315,540) (336,028)
Total shareholders’ equity 2,237,955 2,202,499
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 41,382 21,333
Deferred credits and other liabilities    
Deferred income taxes 273,081 262,462
Total liabilities and shareholders’ equity 16,443,785 16,284,244
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,060 52,060
Plant and equipment 8,042,892 7,979,510
Financing lease right-of-use assets 88,297 48,371
Less accumulated depreciation (3,133,811) (3,086,499)
Construction in progress 315,862 275,353
Utility property, plant and equipment, net 5,365,300 5,268,795
Nonutility property, plant and equipment, less accumulated depreciation 6,945 6,945
Total property, plant and equipment, net 5,372,245 5,275,740
Current assets    
Cash and cash equivalents 116,022 39,242
Customer accounts receivable, net 235,305 288,338
Accrued unbilled revenues, net 160,532 183,280
Other accounts receivable, net 11,427 13,567
Fuel oil stock, at average cost 157,583 191,530
Materials and supplies, at average cost 84,093 79,568
Prepayments and other 43,909 33,482
Regulatory assets 64,973 52,273
Total current assets 873,844 881,280
Other long-term assets    
Operating lease right-of-use assets 84,930 89,318
Regulatory assets 182,929 190,240
Other 160,515 160,889
Total other long-term assets 428,374 440,447
Total assets 6,674,463 6,597,467
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,854,278 shares at March 31, 2023 and December 31, 2022) 119,048 119,048
Premium on capital stock 810,955 810,955
Retained earnings 1,426,065 1,411,306
Accumulated other comprehensive income, net of taxes-retirement benefit plans 2,816 2,861
Total shareholders’ equity 2,358,884 2,344,170
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,734,347 1,584,854
Total capitalization 4,127,524 3,963,317
Commitments and contingencies (Notes 3 and 4)  
Current liabilities    
Current portion of operating lease liabilities 18,414 19,095
Current portion of long-term debt, net 99,973 99,962
Short-term borrowings from non-affiliates 0 87,967
Accounts payable 191,769 202,492
Interest and dividends payable 29,367 17,176
Taxes accrued, including revenue taxes 246,914 289,902
Regulatory liabilities 25,234 31,475
Other 86,580 85,596
Total current liabilities 698,251 833,665
Deferred credits and other liabilities    
Operating lease liabilities 74,633 78,715
Finance lease liabilities 84,341 46,048
Deferred income taxes 384,953 384,430
Regulatory liabilities 1,044,317 1,024,175
Unamortized tax credits 93,445 95,300
Defined benefit pension and other postretirement benefit plans liability 49,388 49,748
Other 117,611 122,069
Total deferred credits and other liabilities 1,848,688 1,800,485
Total liabilities and shareholders’ equity $ 6,674,463 $ 6,597,467