Hawaiian Electric Industries Inc. (HE) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1001 BISHOP STREET, SUITE 2900 HONOLULU, HI 96813 |
| State of Incorp. | HI |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4911 - Electric Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 751 | 680 | 200 | 306 | 341 | 197 | |||
| Cash and cash equivalent | 751 | 680 | 200 | 306 | 341 | 197 | |||
| Restricted cash and investments | 492 | 15 | 5 | 6 | 31 | ||||
| Receivables | 457 | ||||||||
| Deferred costs | (1) | ||||||||
| Regulatory asset | 54 | ||||||||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 380 | ||||||||
| Total current assets: | 2,134 | 695 | 205 | 311 | 340 | 228 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 67 | 95 | 116 | 122 | 153 | 199 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 6,134 | 6,150 | 5,687 | 5,392 | 5,266 | 5,110 | |||
| Intangible asset, including goodwill, after accumulated amortization | 82 | 82 | 82 | 82 | 82 | ||||
| Goodwill | 82 | 82 | 82 | 82 | 82 | ||||
| Regulated entity, other noncurrent assets | 227 | ||||||||
| Other noncurrent assets | 369 | ||||||||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 6,797 | 6,327 | 5,885 | 5,597 | 5,501 | 5,391 | |||
| Other undisclosed assets | 10,222 | 10,194 | 9,915 | 9,163 | 8,127 | ||||
| TOTAL ASSETS: | 8,931 | 17,244 | 16,284 | 15,823 | 15,004 | 13,745 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 203 | ||||||||
| Accounts payable | 203 | ||||||||
| Debt | 158 | 454 | 142 | 219 | 364 | ||||
| Regulatory liability | 27 | ||||||||
| Disposal group, including discontinued operation | |||||||||
| Other liabilities | 431 | ||||||||
| Other undisclosed current liabilities | |||||||||
| Total current liabilities: | 819 | 454 | 142 | 219 | 364 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 427 | ||||||||
| Finance lease, liability | 427 | ||||||||
| Liabilities, other than long-term debt | 1,540 | 298 | 262 | 385 | 395 | 379 | |||
| Deferred income tax liabilities | 298 | 262 | 385 | 395 | 379 | ||||
| Liability, pension and other postretirement and postemployment benefits | 23 | ||||||||
| Regulatory liability | 1,218 | ||||||||
| Other liabilities | 243 | ||||||||
| Operating lease, liability | 57 | ||||||||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 1,967 | 298 | 262 | 385 | 395 | 379 | |||
| Other undisclosed liabilities | 4,633 | 14,567 | 13,331 | 12,871 | 12,018 | 10,687 | |||
| Total liabilities: | 7,418 | 14,865 | 14,047 | 13,397 | 12,632 | 11,431 | |||
| Temporary equity, including noncontrolling interest | 34 | 34 | 34 | 34 | 34 | 34 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,479 | 2,345 | 2,202 | 2,391 | 2,338 | 2,280 | |||
| Accumulated other comprehensive income (loss) | 3 | (289) | (336) | (53) | (1) | (20) | |||
| Retained earnings (accumulated deficit) | (789) | 927 | 846 | 758 | 660 | 622 | |||
| Other undisclosed equity, attributable to parent | 2,265 | 1,707 | 1,693 | 1,685 | 1,678 | 1,678 | |||
| Total equity: | 1,479 | 2,345 | 2,202 | 2,391 | 2,338 | 2,280 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,931 | 17,244 | 16,284 | 15,823 | 15,004 | 13,745 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,220 | 3,682 | 3,742 | 2,850 | 2,580 | 2,875 | ||
| Cost of revenue | (4,903) | (3,313) | (3,349) | (2,455) | (2,260) | (2,516) | ||
| Gross profit: | (1,683) | 369 | 393 | 395 | 319 | 359 | ||
| Operating expenses | (24) | (16) | (12) | (9) | (8) | (10) | ||
| Operating income (loss): | (1,707) | 353 | 381 | 386 | 311 | 349 | ||
| Nonoperating income | 37 | 29 | 15 | 15 | 6 | 9 | ||
| Investment income, nonoperating | 19 | 9 | ||||||
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 14 | 15 | 11 | 10 | 9 | 12 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 4 | 5 | 4 | 6 | (3) | (3) | ||
| Interest and debt expense | (127) | (208) | (117) | (99) | (100) | (109) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,797) | 173 | 279 | 302 | 217 | 249 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 5 | 72 | 25 | 9 | 23 | 23 | ||
| Income (loss) from continuing operations before income taxes: | (1,792) | 246 | 304 | 311 | 241 | 271 | ||
| Income tax expense (benefit) | 471 | (45) | (61) | (63) | (41) | (52) | ||
| Income (loss) from continuing operations: | (1,321) | 201 | 243 | 248 | 200 | 220 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 248 | 200 | 220 | |
| Net income (loss): | (1,321) | 201 | 243 | 248 | 200 | 220 | ||
| Net loss attributable to noncontrolling interest | (2) | (2) | (2) | |||||
| Other undisclosed net loss attributable to parent | (103) | |||||||
| Net income (loss) attributable to parent: | (1,424) | 201 | 243 | 246 | 198 | 218 | ||
| Preferred stock dividends and other adjustments | (2) | (2) | (2) | |||||
| Net income (loss) available to common stockholders, diluted: | (1,426) | 199 | 241 | 246 | 198 | 218 | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,321) | 201 | 243 | 248 | 200 | 220 | ||
| Other comprehensive loss | (23) | (4) | (65) | (53) | ||||
| Comprehensive income (loss): | (1,344) | 197 | 178 | 195 | 200 | 220 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (79) | 49 | (220) | (0) | 17 | 29 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,423) | 246 | (42) | 195 | 217 | 248 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.