Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Cost

Amounts related to the Company’s total lease cost and cash flows arising from lease transaction are as follows:

	HEI consolidated						Hawaiian Electric consolidated
Three months ended September 30, 2019 (in thousands)	Other leases		PPAs classified as leases		Total		Other leases		PPAs classified as leases		Total
Operating lease cost	$	2,892	$	15,478	$	18,370	$	1,542	$	15,478	$	17,020
Variable lease cost	3,577		57,912		61,489		2,836		57,912		60,748
Total lease cost	$	6,469	$	73,390	$	79,859	$	4,378	$	73,390	$	77,768
Other information
Cash paid for amounts included in the measurement of lease liabilities—Operating cash flows from operating leases	$	2,687	$	16,795	$	19,482	$	1,455	$	16,795	$	18,250

	HEI consolidated									Hawaiian Electric consolidated
Nine months ended September 30, 2019 (dollars in thousands)	Other leases			PPAs classified as leases			Total			Other leases			PPAs classified as leases			Total
Operating lease cost	$	8,632		$	46,434		$	55,066		$	4,551		$	46,434		$	50,985
Variable lease cost	9,777			143,177			152,954			7,686			143,177			150,863
Total lease cost	$	18,409		$	189,611		$	208,020		$	12,237		$	189,611		$	201,848
Other information
Cash paid for amounts included in the measurement of lease liabilities—Operating cash flows from operating leases	$	7,867		$	46,162		$	54,029		$	4,263		$	46,162		$	50,425
Weighted-average remaining lease term—operating leases (in years)	6.5			3.0			3.7			4.7			3.0			3.2
Weighted-average discount rate—operating leases	3.55		%	4.08		%	3.98		%	4.17		%	4.08		%	4.09		%

Schedule of Annual Undiscounted Cash Flows on Operating Lease Liabilities

The following table summarizes the maturity of our operating lease liabilities as of September 30, 2019:

	HEI consolidated									Hawaiian Electric consolidated
(in millions)	Other leases			PPAs classified as leases			Total			Other leases			PPAs classified as leases			Total
2019 (remaining months)	$	3		$	17		$	20		$	2		$	17		$	19
2020	11			63			74			6			63			69
2021	9			63			72			5			63			68
2022	6			42			48			2			42			44
2023	4			—			4			2			—			2
2024	3			—			3			1			—			1
Thereafter	9			—			9			2			—			2
Total lease payments	45			185			230			20			185			205
Less: Imputed interest	(6		)	(11		)	(17		)	(2		)	(11		)	(13		)
Total present value of lease payments	$	39		$	174		$	213		$	18		$	174		$	192

Schedule of Future Minimum Rental Payments for Operating Leases Under 842

The future minimum lease obligations under operating leases in effect as of December 31, 2018, having a term in excess of one year as determined prior to the adoption of ASC 842 are as follows:

	HEI consolidated						Hawaiian Electric consolidated
(in millions)	Other leases		PPAs classified as leases		Total		Other leases		PPAs classified as leases		Total
2019	$	11	$	63	$	74	$	6	$	63	$	69
2020	9		63		72		6		63		69
2021	8		63		71		5		63		68
2022	5		42		47		2		42		44
2023	4		—		4		2		—		2
Thereafter	12		—		12		3		—		3
Total lease payments	$	49	$	231	$	280	$	24	$	231	$	255