Hawaiian Electric Industries, Inc. (HE) financial statements (2022 and earlier)

Company profile

Business Address 1001 BISHOP STREET, SUITE 2900
HONOLULU, HI 96813
State of Incorp. HI
Fiscal Year End December 31
SIC 4911 - Electric Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments306341197    
Cash and cash equivalents306341197    
Restricted cash and investments6 31    
Deferred costs (1)     
Disposal group, including discontinued operation      5
Total current assets:311340228   5
Noncurrent Assets
Operating lease, right-of-use asset122153199
Property, plant and equipment5,3925,2665,1104,8305,0264,6034,378
Intangible assets, net (including goodwill)82828282828282
Goodwill82828282828282
Total noncurrent assets:5,5975,5015,3914,9125,1084,6864,460
Other undisclosed assets9,9159,1638,1278,1927,9927,7407,326
TOTAL ASSETS:15,82315,00413,74513,10413,10012,42611,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt142219364184309143332
Total current liabilities:142219364184309143332
Noncurrent Liabilities
Liabilities, other than long-term debt385395379    
Deferred income tax liabilities385395379
Total noncurrent liabilities:385395379    
Other undisclosed liabilities12,87112,01810,68710,72310,65910,1819,496
Total liabilities:13,39712,63211,43110,90710,96810,3249,828
Temporary equity, carrying amount34343434343434
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3912,3382,2802,1622,0972,0671,928
Accumulated other comprehensive loss(53)(1)(20)(51)(42)(33)(26)
Retained earnings758660622544477439325
Other undisclosed stockholders' equity attributable to parent1,6851,6781,6781,6691,6621,6611,629
Total stockholders' equity:2,3912,3382,2802,1622,0972,0671,928
TOTAL LIABILITIES AND EQUITY:15,82315,00413,74513,10413,10012,42611,790

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,8502,5802,8752,8612,5562,3812,603
Cost of revenue(2,455)(2,260)(2,516)(2,520)(2,212)(2,028)(2,274)
Gross profit:395319359341344353329
Operating expenses(9)(8)(10)(8)(5)(5)(7)
Operating income:386311349333338348323
Nonoperating income1569111287
Public utilities, allowance for funds used during construction, capitalized cost of equity10912111287
Net periodic defined benefits expense (reversal of expense), excluding service cost component6(3)(3) 
Interest and debt expense(99)(100)(109)(104)(91)(89)(88)
Income from continuing operations before equity method investments, income taxes:302217249240260268241
Other undisclosed income from continuing operations before income taxes92323141710614
Income from continuing operations before income taxes:311241271254277374255
Income tax expense(63)(41)(52)(51)(109)(124)(93)
Net income:248200220204167250162
Net loss attributable to noncontrolling interest(2)(2)(2)(2)(2)(2)(2)
Net income available to common stockholders, diluted:246198218202165248160

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:248200220204167250162
Other comprehensive loss(53)      
Comprehensive income:195200220204167250162
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)1729(11)(3)(9)(1)
Comprehensive income, net of tax, attributable to parent:195217248193164241161

Statements sources

The financial statements are based on the company's filings with the 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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