EX-11 4 heiexhibit11201610k.htm EXHIBIT 11 Exhibit


HEI Exhibit 11
 
Hawaiian Electric Industries, Inc.
COMPUTATION OF EARNINGS PER SHARE
OF COMMON STOCK
Years ended December 31, 2016, 2015, 2014, 2013 and 2012
 
(in thousands,
 except per share amounts)
 
2016

 
2015

 
2014

 
2013

 
2012

Net income for common stock
 
$
248,256

 
$
159,877

 
$
168,129

 
$
161,709

 
$
138,705

Weighted-average number of common shares outstanding
 
108,102

 
106,418

 
101,968

 
98,968

 
96,908

Adjusted weighted-average number of common shares outstanding
 
108,309

 
106,721

 
102,937

 
99,623

 
97,338

Basic earnings per common share
 
$
2.30

 
$
1.50

 
$
1.65

 
$
1.63

 
$
1.43

Diluted earnings per common share
 
$
2.29

 
$
1.50

 
$
1.63

 
$
1.62

 
$
1.42