XML 80 R93.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidating financial information (Details 5) - 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
Cash flows from operating activities        
Net income (loss) $ 48,177 $ 48,875 $ 126,239 $ 105,422
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation of property, plant and equipment     112,946 111,516
Other amortization     4,811 14,552
Change in deferred income taxes     82,582 60,957
Allowance for equity funds used during construction (1,611) (1,570) (5,548) (4,131)
Change in cash overdraft       (2,688)
Changes in assets and liabilities        
Decrease (increase) in fuel oil stock     (31,372) (4,592)
Change in prepaid and accrued income taxes and utility revenue taxes     (5,121) 40,418
Contributions to defined benefit pension and other postretirement benefit plans     (64,006) (56,395)
Net cash provided by operating activities     121,604 101,089
Cash flows from investing activities        
Capital expenditures     (225,961) (148,107)
Contributions in aid of construction     33,106 15,106
Other     865 (2,923)
Net cash used in investing activities     (297,249) (169,702)
Cash flows from financing activities        
Common stock dividends     (71,966) (77,070)
Proceeds from issuance of long-term debt     457,000 125,000
Repayment of long-term debt     (368,500) (150,000)
Net increase in short-term borrowings from nonaffiliates and affiliate with original maturities of three months or less     13,398 26,272
Proceeds from issuance of common stock     16,881 14,861
Other     (6,314) (4,283)
Net cash provided by (used in) financing activities     73,892 21,445
Net increase (decrease) in cash and cash equivalents     (101,753) (47,168)
HECO
       
Cash flows from operating activities        
Net income (loss) 38,645 38,229 95,861 74,982
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Equity in earnings of subsidiaries     (28,100) (34,457)
Common stock dividends received from subsidiaries     16,464 21,171
Depreciation of property, plant and equipment     68,046 67,381
Other amortization     691 9,390
Change in deferred income taxes     64,790 33,606
Change in tax credits, net     3,256 771
Allowance for equity funds used during construction (1,323) (1,220) (4,558) (3,154)
Changes in assets and liabilities        
Decrease (increase) in accounts receivable     (43,284) (33,705)
Decrease (increase) in accrued unbilled revenues     3,427 (32,482)
Decrease (increase) in fuel oil stock     (36,365) 7,631
Increase in materials and supplies     (6,320) (4,640)
Increase in regulatory assets     (44,175) (27,602)
Increase (decrease) in accounts payble     7,872 (52,693)
Change in prepaid and accrued income taxes and utility revenue taxes     (14,006) 25,633
Contributions to defined benefit pension and other postretirement benefit plans     (45,878) (40,944)
Change in other assets and liabilities     5,451 5,582
Net cash provided by operating activities     43,172 16,470
Cash flows from investing activities        
Capital expenditures     (172,872) (100,033)
Contributions in aid of construction     25,547 9,381
Other       77
Investment in consolidated subsidiary       (25)
Net cash used in investing activities     (147,325) (90,600)
Cash flows from financing activities        
Common stock dividends     (54,783) (52,919)
Preferred stock dividends of HECO and subsidiaries     (810) (810)
Proceeds from issuance of long-term debt     367,000  
Repayment of long-term debt     (259,580)  
Net increase in short-term borrowings from nonaffiliates and affiliate with original maturities of three months or less     16,469 15,748
Other     (1,980) (61)
Net cash provided by (used in) financing activities     66,316 (38,042)
Net increase (decrease) in cash and cash equivalents     (37,837) (112,172)
Cash and cash equivalents, beginning of period     44,819 121,019
Cash and cash equivalents, end of period 6,982 8,847 6,982 8,847
HELCO
       
Cash flows from operating activities        
Net income (loss) 4,861 8,121 16,230 21,580
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation of property, plant and equipment     25,036 24,619
Other amortization     1,776 1,928
Change in deferred income taxes     8,290 9,801
Change in tax credits, net     256 510
Allowance for equity funds used during construction (148) (131) (433) (447)
Change in cash overdraft       (2,527)
Changes in assets and liabilities        
Decrease (increase) in accounts receivable     (7,236) (3,600)
Decrease (increase) in accrued unbilled revenues     3,107 (1,719)
Decrease (increase) in fuel oil stock     3,163 (4,691)
Increase in materials and supplies     (719) (86)
Increase in regulatory assets     (6,621) (1,551)
Increase (decrease) in accounts payble     (8,518) 100
Change in prepaid and accrued income taxes and utility revenue taxes     (3,562) 8,760
Contributions to defined benefit pension and other postretirement benefit plans     (8,270) (6,914)
Change in other assets and liabilities     5,013 1,429
Net cash provided by operating activities     27,512 47,192
Cash flows from investing activities        
Capital expenditures     (26,331) (22,770)
Contributions in aid of construction     4,199 3,884
Advances from (to) affiliates     16,750 (13,750)
Net cash used in investing activities     (5,382) (32,636)
Cash flows from financing activities        
Common stock dividends     (9,854) (12,093)
Preferred stock dividends of HECO and subsidiaries     (400) (400)
Proceeds from issuance of long-term debt     31,000  
Repayment of long-term debt     (41,200)  
Other     167  
Net cash provided by (used in) financing activities     (20,287) (12,493)
Net increase (decrease) in cash and cash equivalents     1,843 2,063
Cash and cash equivalents, beginning of period     3,383 1,229
Cash and cash equivalents, end of period 5,226 3,292 5,226 3,292
MECO
       
Cash flows from operating activities        
Net income (loss) 6,653 4,038 12,484 13,496
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation of property, plant and equipment     15,474 15,673
Other amortization     1,607 1,376
Change in deferred income taxes     9,637 7,713
Change in tax credits, net     130 135
Allowance for equity funds used during construction (140) (219) (557) (530)
Change in cash overdraft       (161)
Changes in assets and liabilities        
Decrease (increase) in accounts receivable     1,287 (5,926)
Decrease (increase) in accrued unbilled revenues     (798) 698
Decrease (increase) in fuel oil stock     1,830 (7,532)
Increase in materials and supplies     (266) (554)
Increase in regulatory assets     (6,997) (5,078)
Increase (decrease) in accounts payble     (2,835) (6,933)
Change in prepaid and accrued income taxes and utility revenue taxes     (3,097) 10,105
Contributions to defined benefit pension and other postretirement benefit plans     (8,269) (7,377)
Change in other assets and liabilities     6,115 2,807
Net cash provided by operating activities     25,745 17,912
Cash flows from investing activities        
Capital expenditures     (21,767) (19,931)
Contributions in aid of construction     3,360 1,841
Advances from (to) affiliates     11,500 10,500
Net cash used in investing activities     (6,907) (7,590)
Cash flows from financing activities        
Common stock dividends     (6,560) (9,003)
Preferred stock dividends of HECO and subsidiaries     (286) (286)
Proceeds from issuance of long-term debt     59,000  
Repayment of long-term debt     (67,720)  
Other     (359) (6)
Net cash provided by (used in) financing activities     (15,925) (9,295)
Net increase (decrease) in cash and cash equivalents     2,913 1,027
Cash and cash equivalents, beginning of period     496 594
Cash and cash equivalents, end of period 3,409 1,621 3,409 1,621
Other subsidiaries
       
Cash flows from operating activities        
Net income (loss) (1) (2) (3) (8)
Changes in assets and liabilities        
Change in other assets and liabilities       (2)
Net cash provided by operating activities     (3) (10)
Cash flows from financing activities        
Proceeds from issuance of common stock       25
Net cash provided by (used in) financing activities       25
Net increase (decrease) in cash and cash equivalents     (3) 15
Cash and cash equivalents, beginning of period     108 94
Cash and cash equivalents, end of period 105 109 105 109
Consolidating adjustments
       
Cash flows from operating activities        
Net income (loss) (11,285) (11,929) (28,025) (34,382)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Equity in earnings of subsidiaries     28,025 34,382
Common stock dividends received from subsidiaries     (16,414) (21,096)
Changes in assets and liabilities        
Decrease (increase) in accounts receivable     12,326 265
Change in other assets and liabilities     (12,326) (265)
Net cash provided by operating activities     (16,414) (21,096)
Cash flows from investing activities        
Investment in consolidated subsidiary       25
Advances from (to) affiliates     (28,250) 3,250
Net cash used in investing activities     (28,250) 3,275
Cash flows from financing activities        
Common stock dividends     16,414 21,096
Net increase in short-term borrowings from nonaffiliates and affiliate with original maturities of three months or less     28,250 (3,250)
Proceeds from issuance of common stock       (25)
Net cash provided by (used in) financing activities     44,664 17,821
HECO Consolidated
       
Cash flows from operating activities        
Net income (loss) 38,873 38,457 96,547 75,668
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Equity in earnings of subsidiaries     (75) (75)
Common stock dividends received from subsidiaries     50 75
Depreciation of property, plant and equipment     108,556 107,673
Other amortization     4,074 12,694
Change in deferred income taxes     82,717 51,120
Change in tax credits, net     3,642 1,416
Allowance for equity funds used during construction (1,611) (1,570) (5,548) (4,131)
Change in cash overdraft       (2,688)
Changes in assets and liabilities        
Decrease (increase) in accounts receivable     (36,907) (42,966)
Decrease (increase) in accrued unbilled revenues     5,736 (33,503)
Decrease (increase) in fuel oil stock     (31,372) (4,592)
Increase in materials and supplies     (7,305) (5,280)
Increase in regulatory assets     (57,793) (34,231)
Increase (decrease) in accounts payble     (3,481) (59,526)
Change in prepaid and accrued income taxes and utility revenue taxes     (20,665) 44,498
Contributions to defined benefit pension and other postretirement benefit plans     (62,417) (55,235)
Change in other assets and liabilities     4,253 9,551
Net cash provided by operating activities     80,012 60,468
Cash flows from investing activities        
Capital expenditures     (220,970) (142,734)
Contributions in aid of construction     33,106 15,106
Other       77
Net cash used in investing activities     (187,864) (127,551)
Cash flows from financing activities        
Common stock dividends     (54,783) (52,919)
Preferred stock dividends of HECO and subsidiaries     (1,496) (1,496)
Proceeds from issuance of long-term debt     457,000  
Repayment of long-term debt     (368,500)  
Net increase in short-term borrowings from nonaffiliates and affiliate with original maturities of three months or less     44,719 12,498
Other     (2,172) (67)
Net cash provided by (used in) financing activities     74,768 (41,984)
Net increase (decrease) in cash and cash equivalents     (33,084) (109,067)
Cash and cash equivalents, beginning of period     48,806 122,936
Cash and cash equivalents, end of period $ 15,722 $ 13,869 $ 15,722 $ 13,869