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Consolidated Statements of Income - HECO (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Other income        
Allowance for equity funds used during construction $ 1,611 $ 1,570 $ 5,548 $ 4,131
Interest and other charges        
Allowance for borrowed funds used during construction (688) (658) (2,451) (1,731)
Net income 48,177 48,875 126,239 105,422
Preferred stock dividends of subsidiaries 471 471 1,417 1,417
Net income for common stock 47,706 48,404 124,822 104,005
Hawaiian Electric Company, Inc. and Subsidiaries
       
Operating revenues 799,203 818,907 2,334,826 2,190,860
Operating expenses        
Fuel oil 327,173 352,475 986,076 925,476
Purchased power 186,699 188,484 539,840 508,179
Other operation 70,441 61,415 196,806 194,334
Maintenance 30,368 32,336 91,641 92,808
Depreciation 35,941 34,983 108,556 107,673
Taxes, other than income taxes 74,850 75,355 222,149 202,502
Income taxes 22,352 23,860 58,291 46,630
Total operating expenses 747,824 768,908 2,203,359 2,077,602
Operating income 51,379 49,999 131,467 113,258
Other income        
Allowance for equity funds used during construction 1,611 1,570 5,548 4,131
Other, net 1,045 1,170 3,673 2,978
Total other income 2,656 2,740 9,221 7,109
Interest and other charges        
Interest on long-term debt 14,694 14,383 44,400 43,149
Amortization of net bond premium and expense 870 767 2,276 2,316
Other interest charges (credits) 286 (210) (84) 965
Allowance for borrowed funds used during construction (688) (658) (2,451) (1,731)
Total interest and other charges 15,162 14,282 44,141 44,699
Net income 38,873 38,457 96,547 75,668
Preferred stock dividends of subsidiaries 228 228 686 686
Net income attributable to HECO 38,645 38,229 95,861 74,982
Preferred stock dividends of HECO 270 270 810 810
Net income for common stock $ 38,375 $ 37,959 $ 95,051 $ 74,172