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Condensed Consolidated Statements of Income (unaudited) - HECO - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues                
Revenues $ 901,873     $ 1,042,197     $ 2,725,795 $ 2,722,872
Expenses                
Total expenses 826,762     940,082     2,464,187 2,434,813
Total operating income 75,111     102,115     261,608 288,059
Allowance for equity funds used during construction 4,000     2,552     11,073 7,431
Retirement defined benefits credit—other than service costs 1,256     1,039     3,561 3,528
Allowance for borrowed funds used during construction 1,372     825     3,798 2,401
Income (loss) before income taxes 49,110     79,905     188,781 233,602
Income taxes 7,521     17,352     36,915 48,395
Net income (loss) 41,589     62,553     151,866 185,207
Preferred stock dividends of Hawaiian Electric 471     471     1,417 1,417
Net income for common stock 41,118 $ 54,610 $ 54,721 62,082 $ 52,541 $ 69,167 150,449 183,790
Hawaiian Electric Company, Inc. and Subsidiaries                
Revenues                
Revenues 794,987     955,971     2,419,539 2,483,636
Expenses                
Fuel oil 267,438     383,602     881,692 874,543
Purchased power 177,795     225,209     498,990 606,827
Other operation and maintenance 142,508     121,110     407,184 371,259
Depreciation 61,165     58,711     182,781 175,921
Taxes, other than income taxes 74,723     88,290     228,034 231,288
Total expenses 723,629     876,922     2,198,681 2,259,838
Total operating income 71,358     79,049     220,858 223,798
Allowance for equity funds used during construction 4,000     2,552     11,073 7,431
Retirement defined benefits credit—other than service costs 1,132     895     3,227 2,876
Interest expense and other charges, net (22,447)     (19,609)     (63,565) (56,735)
Allowance for borrowed funds used during construction 1,372     825     3,798 2,401
Income (loss) before income taxes 55,415     63,712     175,391 179,771
Income taxes 11,456     13,450     38,126 37,967
Net income 43,959     50,262     137,265 141,804
Preferred stock dividends of subsidiaries 228     228     686 686
Net income (loss) 43,731     50,034     136,579 141,118
Preferred stock dividends of Hawaiian Electric 270     270     810 810
Net income for common stock $ 43,461 $ 45,299 $ 47,009 $ 49,764 $ 44,135 $ 46,409 $ 135,769 $ 140,308