HAWAIIAN ELECTRIC INDUSTRIES INC HE Income Statement

Hawaiian electric industries inc (HE)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
Total revenues
2,890,172	2,874,601	2,910,285	2,906,798	2,876,590	2,860,849	2,757,796	2,662,933	2,609,937	2,555,625	2,514,423	2,487,293	2,421,256	2,380,654	2,387,291	2,458,412	2,516,080	2,602,982	2,768,990	2,918,910	3,093,655	3,239,542	3,282,005	3,244,077	3,239,987	3,238,470	3,244,114	3,282,666	3,342,367	3,374,995	3,387,876	3,406,511	3,346,562	3,242,335	3,087,044	2,895,230	2,756,575	2,664,982	2,589,558	2,420,918	0	0	0
Expenses
Purchased power
-	-	0	0	-	-	0	0	0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
2,559,733	2,525,927	2,577,802	2,573,559	2,537,186	2,527,493	2,421,824	2,313,552	2,261,553	2,209,392	2,159,320	2,138,221	2,064,531	2,024,816	2,044,321	2,123,789	2,194,182	2,280,429	2,461,492	2,616,471	2,780,763	2,906,942	2,937,134	2,903,204	2,902,090	2,920,962	2,969,772	3,004,660	3,065,162	3,090,799	3,072,782	3,088,629	3,044,425	2,952,639	2,806,276	2,636,321	2,497,696	2,408,771	2,323,950	2,192,886	0	0	0
Operating income (loss)
Total operating income
330,439	348,674	332,483	333,239	339,404	333,356	335,972	349,381	348,384	346,233	355,103	349,072	356,725	355,838	342,970	334,623	321,898	322,553	307,498	302,439	312,892	332,600	344,871	340,873	337,897	317,508	274,342	278,006	277,205	284,196	315,094	317,882	302,137	289,696	280,768	258,909	258,879	256,211	265,608	228,032	0	0	0
Retirement defined benefits expenseother than service costs
2,977	2,806	3,461	4,089	4,892	5,962	6,905	7,557	7,899	7,942	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger termination fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net—other than on deposit liabilities and other bank borrowings
89,551	90,899	91,716	91,814	90,282	88,677	85,779	82,483	80,922	78,972	78,246	78,384	75,245	75,803	76,707	76,571	78,176	77,150	74,939	74,880	75,996	76,352	77,911	77,784	76,204	75,479	75,609	76,586	78,343	78,151	76,598	76,527	80,505	82,106	83,888	84,954	81,297	81,538	81,594	78,489	0	0	0
Allowance for borrowed funds used during construction
4,063	4,453	4,517	4,315	4,501	4,867	5,222	5,555	5,333	4,778	4,239	3,754	3,371	3,144	3,813	3,696	3,618	2,457	5,376	3,899	2,694	2,579	-2,497	-2,255	-2,130	-2,246	-3,530	-3,720	-4,215	-4,355	-3,218	-3,188	-2,848	-2,498	-2,228	-2,062	-2,299	-2,558	-3,179	-4,414	0	0	0
Allowance for equity funds used during construction
11,092	11,987	11,973	10,685	10,493	10,877	11,814	13,334	13,378	12,483	11,223	10,015	8,985	8,325	7,572	7,355	7,254	6,928	7,204	7,084	6,575	6,771	6,464	5,782	5,955	5,561	5,489	5,845	6,282	7,007	7,381	7,340	6,660	5,964	5,330	4,957	5,487	6,016	7,445	10,368	0	0	0
Income before income taxes
253,066	271,409	253,796	252,336	259,224	254,461	260,324	278,230	278,274	276,580	278,946	363,012	374,297	373,841	366,650	268,105	253,596	254,788	242,383	237,266	245,935	265,598	275,921	271,126	269,778	249,836	207,752	210,985	209,359	217,407	249,095	251,883	231,140	216,052	204,438	180,974	185,368	183,247	194,638	164,325	0	0	0
Income taxes
45,562	51,637	50,714	46,773	50,119	50,797	73,863	97,596	105,033	109,393	99,495	116,492	122,310	123,695	118,818	96,742	91,343	93,021	89,683	87,431	89,837	95,579	99,949	94,726	94,071	86,237	69,523	73,286	73,448	76,859	88,158	90,248	81,166	75,932	73,845	66,336	68,607	67,822	70,430	57,085	0	0	0
Net income
207,504	219,772	203,082	205,563	209,105	203,664	186,461	180,634	173,241	167,187	179,451	246,520	251,987	250,146	247,832	171,363	162,253	161,767	152,700	149,835	156,098	170,019	175,972	176,400	175,707	163,599	138,229	137,699	135,911	140,548	160,937	161,635	149,974	140,120	130,593	114,638	116,761	115,425	124,208	107,240	0	0	0
Preferred stock dividends of subsidiaries
1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,888	1,890	0	0	0
Net income attributable to Hawaiian Electric
205,614	217,882	201,192	203,673	207,215	201,774	184,571	178,744	171,351	165,297	177,561	244,630	250,097	248,256	245,942	169,473	160,363	159,877	150,810	147,945	154,208	168,129	174,082	174,510	173,817	161,709	136,339	135,809	134,021	138,658	159,047	159,745	148,084	138,230	128,703	112,748	114,871	113,535	122,320	105,350	0	0	0
Basic earnings per common share (in dollars per share)
0.31	0.61	0.58	0.39	0.42	0.45	0.61	0.42	0.37	0.30	0.55	0.36	0.31	0.42	1.17	0.41	0.30	0.39	0.47	0.33	0.31	0.32	0.47	0.41	0.45	0.39	0.49	0.41	0.34	0.14	0.49	0.40	0.40	0.37	0.50	0.28	0.30	0.27	0.35	0.31	0.29	0.37	0.17
Diluted earnings per common share (in dollars per share)
0.31	0.60	0.58	0.39	0.42	0.46	0.60	0.42	0.37	0.30	0.55	0.36	0.31	0.41	1.17	0.41	0.30	0.39	0.47	0.33	0.31	0.31	0.46	0.41	0.45	0.39	0.48	0.41	0.34	0.13	0.49	0.40	0.40	0.36	0.50	0.28	0.30	0.26	0.35	0.31	0.29	0.37	0.17
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.31	0.31	-	0.31	0.31	0.31	-	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31
Weighted-average number of common shares outstanding (in shares)
109,051	108,972	108,973	108,938	108,913	108,881	108,879	108,842	108,818	108,786	108,786	108,750	108,674	108,558	108,268	107,962	107,620	107,516	107,457	107,418	103,281	102,579	102,416	101,495	101,382	99,873	99,204	98,660	98,135	97,615	97,157	96,693	96,167	95,957	95,873	95,393	94,817	94,254	93,699	93,159	92,572	91,522	91,384
Net effect of potentially dilutive shares (in shares)
314	770	390	317	355	661	176	121	206	426	79	47	184	292	204	171	161	369	281	276	286	2,153	610	330	783	1,012	614	589	405	679	361	286	394	486	227	162	365	365	192	255	276	131	110
Weighted-average shares assuming dilution (in shares)
109,365	109,742	109,363	109,255	109,268	109,542	109,055	108,963	109,024	109,212	108,865	108,797	108,858	108,850	108,472	108,133	107,781	107,885	107,738	107,694	103,567	104,732	103,026	101,825	102,165	100,885	99,818	99,249	98,540	98,294	97,518	96,979	96,561	96,443	96,100	95,555	95,182	94,619	93,891	93,414	92,848	91,653	91,494
Electric utility
Total revenues
2,564,889	2,545,942	2,581,172	2,580,251	2,554,593	2,546,525	2,449,273	2,360,633	2,309,382	2,257,566	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
2,323,113	2,291,564	2,336,013	2,332,849	2,307,741	2,304,864	2,200,540	2,097,439	2,044,850	1,994,042	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating income
241,776	254,378	245,159	247,402	246,852	241,661	248,733	263,194	264,532	263,524	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
184,967	197,140	186,354	185,609	185,136	180,426	189,277	206,913	207,572	205,145	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
34,353	38,305	37,583	33,905	34,837	34,778	53,571	73,432	79,616	83,199	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
150,614	158,835	148,771	151,704	150,299	145,648	135,706	133,481	127,956	121,946	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends of subsidiaries
1,995	1,995	1,995	1,995	1,995	1,995	1,995	1,995	1,995	1,995	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income for common stock
148,619	156,840	146,776	149,709	148,304	143,653	133,711	131,486	125,961	119,951	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank
Total revenues
325,256	328,570	329,196	326,491	321,908	314,275	308,185	301,978	300,203	297,640	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
220,413	217,008	223,694	222,686	212,438	206,040	205,909	199,990	200,135	198,104	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating income
104,843	111,562	105,502	103,805	109,470	108,235	102,276	101,988	100,068	99,536	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
104,841	112,034	105,344	103,018	108,240	106,578	100,841	100,774	99,056	98,716	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
20,946	23,061	22,834	22,175	23,852	24,069	23,240	26,802	28,912	31,719	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
83,895	88,973	82,510	80,843	84,388	82,509	77,601	73,972	70,144	66,997	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends of subsidiaries
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income for common stock
83,895	88,973	82,510	80,843	84,388	82,509	77,601	73,972	70,144	66,997	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Total revenues
27	89	-83	56	89	49	338	322	352	419	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
16,207	17,355	18,095	18,024	17,007	16,589	15,375	16,123	16,568	17,246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating income
-16,180	-17,266	-18,178	-17,968	-16,918	-16,540	-15,037	-15,801	-16,216	-16,827	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
-36,742	-37,765	-37,902	-36,291	-34,152	-32,543	-29,794	-29,457	-28,354	-27,281	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-9,737	-9,729	-9,703	-9,307	-8,570	-8,050	-2,948	-2,638	-3,495	-5,525	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-27,005	-28,036	-28,199	-26,984	-25,582	-24,493	-26,846	-26,819	-24,859	-21,756	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends of subsidiaries
-105	-105	-105	-105	-105	-105	-105	-105	-105	-105	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income for common stock
-26,900	-27,931	-28,094	-26,879	-25,477	-24,388	-26,741	-26,714	-24,754	-21,651	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hawaiian Electric Company, Inc. and Subsidiaries
Total revenues
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fuel oil
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchased power
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operation and maintenance
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, other than income taxes
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement defined benefits expense—other than service costs
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement defined benefits expense—other than service costs
0	-	-	-	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for borrowed funds used during construction
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for equity funds used during construction
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense and other charges, net
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends of subsidiaries
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Hawaiian Electric
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends of Hawaiian Electric
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income for common stock
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-