Revenues

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Revenue from contracts with customers. The following tables disaggregate revenues by major source, timing of revenue recognition, and segment:

	Three months ended September 30, 2019										Nine months ended September 30, 2019
(in thousands)	Electric  utility			Bank		Other		Total			Electric  utility			Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	230,051		$	—	$	—	$	230,051		$	601,664		$	—	$	—	$	601,664
Electric energy sales - commercial	230,411			—		—		230,411			635,097			—		—		635,097
Electric energy sales - large light and power	248,457			—		—		248,457			679,252			—		—		679,252
Electric energy sales - other	4,081			—		—		4,081			11,933			—		—		11,933
Bank fees	—			12,111		—		12,111			—			34,976		—		34,976
Total revenues from contracts with customers	713,000			12,111		—		725,111			1,927,946			34,976		—		1,962,922
Revenues from other sources
Regulatory revenue	(30,800		)	—		—		(30,800		)	(44,953		)	—		—		(44,953		)
Bank interest and dividend income	—			66,859		—		66,859			—			201,502		—		201,502
Other bank noninterest income	—			4,231		—		4,231			—			11,462		—		11,462
Other	6,130			—		4		6,134			17,616			—		86		17,702
Total revenues from other sources	(24,670		)	71,090		4		46,424			(27,337		)	212,964		86		185,713
Total revenues	$	688,330		$	83,201	$	4	$	771,535		$	1,900,609		$	247,940	$	86	$	2,148,635
Timing of revenue recognition
Services/goods transferred at a point in time	$	—		$	12,111	$	—	$	12,111		$	—		$	34,976	$	—	$	34,976
Services/goods transferred over time	713,000			—		—		713,000			1,927,946			—		—		1,927,946
Total revenues from contracts with customers	$	713,000		$	12,111	$	—	$	725,111		$	1,927,946		$	34,976	$	—	$	1,962,922

	Three months ended September 30, 2018										Nine months ended September 30, 2018
(in thousands)	Electric  utility			Bank		Other		Total			Electric  utility			Bank		Other		Total
Revenues from contracts with customers
Electric energy sales - residential	$	222,196		$	—	$	—	$	222,196		$	586,002		$	—	$	—	$	586,002
Electric energy sales - commercial	229,476			—		—		229,476			624,643			—		—		624,643
Electric energy sales - large light and power	242,457			—		—		242,457			649,454			—		—		649,454
Electric energy sales - other	4,296			—		—		4,296			12,324			—		—		12,324
Bank fees	—			11,743		—		11,743			—			34,797		—		34,797
Total revenues from contracts with customers	698,425			11,743		—		710,168			1,872,423			34,797		—		1,907,220
Revenues from other sources
Regulatory revenue	(13,572		)	—		—		(13,572		)	(13,465		)	—		—		(13,465		)
Bank interest and dividend income	—			65,185		—		65,185			—			190,448		—		190,448
Other bank noninterest income	—			3,568		—		3,568			—			7,774		—		7,774
Other	2,556			—		143		2,699			7,004			—		218		7,222
Total revenues from other sources	(11,016		)	68,753		143		57,880			(6,461		)	198,222		218		191,979
Total revenues	$	687,409		$	80,496	$	143	$	768,048		$	1,865,962		$	233,019	$	218	$	2,099,199
Timing of revenue recognition
Services/goods transferred at a point in time	$	832		$	11,743	$	—	$	12,575		$	2,380		$	34,797	$	—	$	37,177
Services/goods transferred over time	697,593			—		—		697,593			1,870,043			—		—		1,870,043
Total revenues from contracts with customers	$	698,425		$	11,743	$	—	$	710,168		$	1,872,423		$	34,797	$	—	$	1,907,220

There are no material contract assets or liabilities associated with revenues from contracts with customers existing at the beginning of the period or as of September 30, 2019. Accounts receivable and unbilled revenues related to contracts with customers represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are disclosed as accounts receivable and unbilled revenues, net on HEI’s condensed consolidated balance sheets and customer accounts receivable, net and accrued unbilled revenues, net on Hawaiian Electric’s condensed consolidated balance sheets.

As of September 30, 2019, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers. For ASB, fees are recognized when a transaction is completed.