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)

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 investments200175160302306228247
Cash and cash equivalents200175160302306228247
Restricted cash and investments5   6  
Total current assets:205175160302311228247
Noncurrent Assets
Operating lease, right-of-use asset116121121136122142155
Property, plant and equipment5,6875,6005,4295,4125,3925,3355,310
Intangible assets, net (including goodwill)82828282828282
Goodwill82828282828282
Total noncurrent assets:5,8855,8035,6325,6305,5975,5595,547
Other undisclosed assets10,19410,28610,2109,9779,9159,9739,812
TOTAL ASSETS:16,28416,26516,00215,90815,82315,76015,607
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt454455286208142221226
Total current liabilities:454455286208142221226
Noncurrent Liabilities
Liabilities, other than long-term debt262264302340385378385
Deferred income tax liabilities262264302340385378385
Total noncurrent liabilities:262264302340385378385
Other undisclosed liabilities13,33113,34913,14613,02212,87112,74312,594
Total liabilities:14,04714,06813,73413,57013,39713,34213,205
Temporary equity, carrying amount34343434343434
Equity
Equity, attributable to parent, including:2,2022,1632,2342,3042,3912,3842,367
Accumulated other comprehensive loss(336)(354)(258)(170)(53)(40)(29)
Retained earnings846827803789758741714
Other undisclosed equity, attributable to parent1,6931,6901,6881,6851,6851,6831,682
Total equity:2,2022,1632,2342,3042,3912,3842,367
TOTAL LIABILITIES AND EQUITY:16,28416,26516,00215,90815,82315,76015,607

Income Statement (P&L) ($ in millions)

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
Revenues1,0191,042896785770757680
Cost of revenue(922)(938)(805)(684)(679)(658)(576)
Gross profit:97104901019199105
Operating expenses(4)(2)(4)(2)(2)(1)(3)
Operating income:9310287998997102
Nonoperating income4444434
Public utilities, allowance for funds used during construction, capitalized cost of equity3322322
Net periodic defined benefits expense (reversal of expense), excluding service cost component1111111
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)10690103(7)101105
Other undisclosed income (loss) from continuing operations before income taxes90(26)(24)(15)76(23)(23)
Income from continuing operations before income taxes:71806687707883
Income tax expense(13)(17)(13)(18)(15)(14)(19)
Income from continuing operations:58635370556464
Income before gain (loss) on sale of properties:635370556464
Net income:58635370556464
Net loss attributable to noncontrolling interest    (0)(0)(0)
Net income attributable to parent:58635370556364
Preferred stock dividends and other adjustments(0)(0)(0)(0)   
Net income available to common stockholders, diluted:57625369556364

Comprehensive Income ($ in millions)

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:58635370556464
Other undisclosed comprehensive loss(65)   (53)  
Comprehensive income (loss):(7)63537026464
Other undisclosed comprehensive income (loss), net of tax, attributable to parent82(96)(88)(118)40(12)16
Comprehensive income (loss), net of tax, attributable to parent:75(34)(35)(48)425280

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.

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