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Consolidated Statements of Cash Flows - HECO (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income $ 56,547 $ 57,334
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment 75,243 79,606
Other amortization 11,965 2,149
Changes in deferred income taxes 39,051 (2,381)
Allowance for equity funds used during construction (2,561) (3,620)
Decrease in cash overdraft (2,305) (302)
Changes in assets and liabilities    
Increase in fuel oil stock (6,509) (49,759)
Decrease in accounts payable (41,989) 1,359
Changes in prepaid and accrued income taxes and utility revenue taxes 8,333 (30,699)
Changes in other assets and liabilities (44,908) 11,732
Net cash provided by operating activities 55,181 78,239
Cash flows from investing activities    
Capital expenditures (89,088) (76,659)
Contributions in aid of construction 8,153 9,430
Other (2,911) (10)
Net cash used in investing activities (214,220) (180,217)
Cash flows from financing activities    
Common stock dividends (47,331) (46,246)
Net increase in short-term borrowings from nonaffiliates and affiliate with original maturities of three months or less (24,923) 13,023
Other (172) (1,805)
Net cash used in financing activities 95,134 (123,620)
Net decrease in cash and cash equivalents (63,905) (225,598)
Hawaiian Electric Company, Inc. and Subsidiaries
   
Cash flows from operating activities    
Net income 37,211 36,692
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment 72,690 77,291
Other amortization 10,833 3,101
Changes in deferred income taxes 33,456 (4,522)
Changes in tax credits, net 1,556 1,685
Allowance for equity funds used during construction (2,561) (3,620)
Decrease in cash overdraft (2,305) (302)
Changes in assets and liabilities    
Increase in accounts receivable (33,312) (18,258)
Increase in accrued unbilled revenues (18,479) (6,497)
Increase in fuel oil stock (6,509) (49,759)
Increase in materials and supplies (1,490) (872)
Increase in regulatory assets (14,498) (2,252)
Decrease in accounts payable (48,288) (1,186)
Changes in prepaid and accrued income taxes and utility revenue taxes 12,178 (31,864)
Changes in other assets and liabilities (24,425) 14,669
Net cash provided by operating activities 16,057 14,306
Cash flows from investing activities    
Capital expenditures (85,395) (71,497)
Contributions in aid of construction 8,153 9,430
Other 77  
Net cash used in investing activities (77,165) (62,067)
Cash flows from financing activities    
Common stock dividends (35,279) (26,887)
Preferred stock dividends of HECO and subsidiaries (998) (998)
Net increase in short-term borrowings from nonaffiliates and affiliate with original maturities of three months or less   14,100
Other (17) (1,349)
Net cash used in financing activities (36,294) (15,134)
Net decrease in cash and cash equivalents (97,402) (62,895)
Cash and cash equivalents, beginning of period 122,936 73,578
Cash and cash equivalents, end of period $ 25,534 $ 10,683