Hawaiian Electric Industries Inc. (HE) Financial Statements (2025 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 thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,159,635 | 550,408 | 485,192 | 679,546 | 667,129 | 314,284 | |||
| Cash and cash equivalent | 1,159,635 | 550,408 | 485,192 | 679,546 | 667,129 | 314,284 | |||
| Restricted cash and investments | 15,000 | ||||||||
| Receivables | |||||||||
| Regulatory asset | |||||||||
| Other current assets | |||||||||
| Total current assets: | 1,159,635 | 550,408 | 485,192 | 694,546 | 667,129 | 314,284 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 84,645 | 86,819 | 91,182 | 94,905 | 99,466 | 105,030 | |||
| Property, plant and equipment | 6,296,088 | 6,298,721 | 6,183,503 | 6,150,126 | 5,917,342 | 5,868,408 | |||
| Intangible assets, net (including goodwill) | 82,190 | 82,190 | 82,190 | 82,190 | |||||
| Goodwill | 82,190 | 82,190 | 82,190 | 82,190 | |||||
| Regulated entity, other noncurrent assets | |||||||||
| Other noncurrent assets | |||||||||
| Total noncurrent assets: | 6,380,733 | 6,385,540 | 6,356,875 | 6,327,221 | 6,098,998 | 6,055,628 | |||
| Other undisclosed assets | 10,190,860 | 10,119,466 | 10,081,141 | 10,222,054 | 10,225,691 | 10,149,397 | |||
| TOTAL ASSETS: | 17,731,228 | 17,055,414 | 16,923,208 | 17,243,821 | 16,991,818 | 16,519,309 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | |||||||||
| Accounts payable | |||||||||
| Debt | 46,212 | ||||||||
| Regulatory liability | |||||||||
| Other liabilities | |||||||||
| Total current liabilities: | 46,212 | ||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | |||||||||
| Finance lease, liability | |||||||||
| Liabilities, other than long-term debt | 299,012 | 297,954 | 258,942 | 272,988 | |||||
| Deferred income tax liabilities | 299,012 | 297,954 | 258,942 | 272,988 | |||||
| Liability, pension and other postretirement and postemployment benefits | |||||||||
| Regulatory liability | |||||||||
| Other liabilities | |||||||||
| Operating lease, liability | |||||||||
| Total noncurrent liabilities: | 299,012 | 297,954 | 258,942 | 272,988 | |||||
| Other undisclosed liabilities | 16,119,894 | 15,935,848 | 14,212,523 | 14,566,733 | 14,474,229 | 13,916,439 | |||
| Total liabilities: | 16,119,894 | 15,935,848 | 14,511,535 | 14,864,687 | 14,733,171 | 14,235,639 | |||
| Temporary equity, including noncontrolling interest | 34,293 | 34,293 | 34,293 | 34,293 | 34,293 | 34,293 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,577,041 | 1,085,273 | 2,377,380 | 2,344,841 | 2,224,354 | 2,249,377 | |||
| Accumulated other comprehensive income (loss) | (258,197) | (297,557) | (299,151) | (289,350) | (358,024) | (323,149) | |||
| Retained earnings (accumulated deficit) | (431,044) | (326,642) | 968,842 | 926,720 | 877,931 | 876,268 | |||
| Other undisclosed equity, attributable to parent | 2,266,282 | 1,709,472 | 1,707,689 | 1,707,471 | 1,704,447 | 1,696,258 | |||
| Total equity: | 1,577,041 | 1,085,273 | 2,377,380 | 2,344,841 | 2,224,354 | 2,249,377 | |||
| TOTAL LIABILITIES AND EQUITY: | 17,731,228 | 17,055,414 | 16,923,208 | 17,243,821 | 16,991,818 | 16,519,309 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 938,383 | 897,360 | 897,158 | 956,371 | 901,873 | 895,685 | ||
| Cost of revenue | (1,029,631) | (2,614,535) | (819,439) | (857,194) | (824,362) | (798,806) | ||
| Gross profit: | (91,248) | (1,717,175) | 77,719 | 99,177 | 77,511 | 96,879 | ||
| Operating expenses | (35,300) | (1,800) | (1,300) | (8,181) | (2,400) | (3,900) | ||
| Operating income (loss): | (126,548) | (1,718,975) | 76,419 | 90,996 | 75,111 | 92,979 | ||
| Nonoperating income | 8,068 | 7,751 | 8,055 | 14,403 | 5,256 | 4,925 | ||
| Investment income, nonoperating | 3,662 | 3,134 | 3,133 | |||||
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 3,300 | 3,336 | 3,640 | 4,000 | 3,772 | |||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 1,106 | 1,281 | 1,282 | 1,256 | 1,153 | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (208,329) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (118,480) | (1,711,224) | 84,474 | (102,930) | 80,367 | 97,904 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (30,754) | (31,056) | (30,205) | 159,850 | (31,257) | (28,537) | ||
| Income (loss) from continuing operations before income taxes: | (149,234) | (1,742,280) | 54,269 | 56,920 | 49,110 | 69,367 | ||
| Income tax expense (benefit) | 45,303 | 447,269 | (11,674) | (7,658) | (7,521) | (14,284) | ||
| Net income (loss): | (103,931) | (1,295,011) | 42,595 | 49,262 | 41,589 | 55,083 | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) attributable to parent: | (103,931) | (1,295,011) | 42,595 | 49,262 | 41,589 | 55,083 | ||
| Preferred stock dividends and other adjustments | (471) | (473) | (473) | (473) | (471) | (473) | ||
| Net income (loss) available to common stockholders, diluted: | (104,402) | (1,295,484) | 42,122 | 48,789 | 41,118 | 54,610 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (103,931) | (1,295,011) | 42,595 | 49,262 | 41,589 | 55,083 | ||
| Other undisclosed comprehensive loss | (3,778) | |||||||
| Comprehensive income (loss): | (103,931) | (1,295,011) | 42,595 | 45,484 | 41,589 | 55,083 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 38,889 | 1,121 | (10,274) | 71,979 | (35,346) | (8,082) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (65,042) | (1,293,890) | 32,321 | 117,463 | 6,243 | 47,001 | ||
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.