Hawaiian Electric Industries, Inc. (HE) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 200 | 175 | 160 | 302 | 306 | 228 | 247 | ||
| Cash and cash equivalents | 200 | 175 | 160 | 302 | 306 | 228 | 247 | ||
| Restricted cash and investments | 5 | 6 | |||||||
| Total current assets: | 205 | 175 | 160 | 302 | 311 | 228 | 247 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 116 | 121 | 121 | 136 | 122 | 142 | 155 | ||
| Property, plant and equipment | 5,687 | 5,600 | 5,429 | 5,412 | 5,392 | 5,335 | 5,310 | ||
| Intangible assets, net (including goodwill) | 82 | 82 | 82 | 82 | 82 | 82 | 82 | ||
| Goodwill | 82 | 82 | 82 | 82 | 82 | 82 | 82 | ||
| Total noncurrent assets: | 5,885 | 5,803 | 5,632 | 5,630 | 5,597 | 5,559 | 5,547 | ||
| Other undisclosed assets | 10,194 | 10,286 | 10,210 | 9,977 | 9,915 | 9,973 | 9,812 | ||
| TOTAL ASSETS: | 16,284 | 16,265 | 16,002 | 15,908 | 15,823 | 15,760 | 15,607 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 454 | 455 | 286 | 208 | 142 | 221 | 226 | ||
| Total current liabilities: | 454 | 455 | 286 | 208 | 142 | 221 | 226 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 262 | 264 | 302 | 340 | 385 | 378 | 385 | ||
| Deferred income tax liabilities | 262 | 264 | 302 | 340 | 385 | 378 | 385 | ||
| Total noncurrent liabilities: | 262 | 264 | 302 | 340 | 385 | 378 | 385 | ||
| Other undisclosed liabilities | 13,331 | 13,349 | 13,146 | 13,022 | 12,871 | 12,743 | 12,594 | ||
| Total liabilities: | 14,047 | 14,068 | 13,734 | 13,570 | 13,397 | 13,342 | 13,205 | ||
| Temporary equity, carrying amount | 34 | 34 | 34 | 34 | 34 | 34 | 34 | ||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,202 | 2,163 | 2,234 | 2,304 | 2,391 | 2,384 | 2,367 | ||
| Accumulated other comprehensive loss | (336) | (354) | (258) | (170) | (53) | (40) | (29) | ||
| Retained earnings | 846 | 827 | 803 | 789 | 758 | 741 | 714 | ||
| Other undisclosed equity, attributable to parent | 1,693 | 1,690 | 1,688 | 1,685 | 1,685 | 1,683 | 1,682 | ||
| Total equity: | 2,202 | 2,163 | 2,234 | 2,304 | 2,391 | 2,384 | 2,367 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,284 | 16,265 | 16,002 | 15,908 | 15,823 | 15,760 | 15,607 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,019 | 1,042 | 896 | 785 | 770 | 757 | 680 | |
| Cost of revenue | (922) | (938) | (805) | (684) | (679) | (658) | (576) | |
| Gross profit: | 97 | 104 | 90 | 101 | 91 | 99 | 105 | |
| Operating expenses | (4) | (2) | (4) | (2) | (2) | (1) | (3) | |
| Operating income: | 93 | 102 | 87 | 99 | 89 | 97 | 102 | |
| Nonoperating income | 4 | 4 | 4 | 4 | 4 | 3 | 4 | |
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 3 | 3 | 2 | 2 | 3 | 2 | 2 | |
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (117) | (99) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (20) | 106 | 90 | 103 | (7) | 101 | 105 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 90 | (26) | (24) | (15) | 76 | (23) | (23) | |
| Income from continuing operations before income taxes: | 71 | 80 | 66 | 87 | 70 | 78 | 83 | |
| Income tax expense | (13) | (17) | (13) | (18) | (15) | (14) | (19) | |
| Income from continuing operations: | 58 | 63 | 53 | 70 | 55 | 64 | 64 | |
| Income before gain (loss) on sale of properties: | ✕ | 63 | 53 | 70 | 55 | 64 | 64 | |
| Net income: | 58 | 63 | 53 | 70 | 55 | 64 | 64 | |
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | |||||
| Net income attributable to parent: | 58 | 63 | 53 | 70 | 55 | 63 | 64 | |
| Preferred stock dividends and other adjustments | (0) | (0) | (0) | (0) | ||||
| Net income available to common stockholders, diluted: | 57 | 62 | 53 | 69 | 55 | 63 | 64 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 58 | 63 | 53 | 70 | 55 | 64 | 64 | |
| Other undisclosed comprehensive loss | (65) | (53) | ||||||
| Comprehensive income (loss): | (7) | 63 | 53 | 70 | 2 | 64 | 64 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 82 | (96) | (88) | (118) | 40 | (12) | 16 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 75 | (34) | (35) | (48) | 42 | 52 | 80 | |
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.