Hawaiian Electric Industries, Inc. (HE) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments341197     
Cash and cash equivalents341197     
Restricted cash and investments 31     
Deferred costs(1)      
Disposal group, including discontinued operation     58
Total current assets:340228   58
Noncurrent Assets
Operating lease, right-of-use asset153199
Property, plant and equipment5,2665,1104,8305,0264,6034,3784,149
Intangible assets, net (including goodwill)82828282828282
Goodwill82828282828282
Total noncurrent assets:5,5015,3914,9125,1084,6864,4604,231
Other undisclosed assets9,1638,1278,1927,9927,7407,3266,945
TOTAL ASSETS:15,00413,74513,10413,10012,42611,79011,184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt219364184309143332310
Total current liabilities:219364184309143332310
Noncurrent Liabilities
Liabilities, other than long-term debt395379    632
Deferred tax liabilities, net    632
Deferred income tax liabilities395379
Total noncurrent liabilities:395379    632
Other undisclosed liabilities12,01810,68710,72310,65910,1819,4968,417
Total liabilities:12,63211,43110,90710,96810,3249,8289,358
Temporary equity, carrying amount34343434343434
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3382,2802,1622,0972,0671,9281,791
Accumulated other comprehensive loss(1)(20)(51)(42)(33)(26)(27)
Retained earnings660622544477439325298
Other undisclosed stockholders' equity attributable to parent1,6781,6781,6691,6621,6611,6291,521
Total stockholders' equity:2,3382,2802,1622,0972,0671,9281,791
TOTAL LIABILITIES AND EQUITY:15,00413,74513,10413,10012,42611,79011,184

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,5802,8752,8612,5562,3812,6033,240
Cost of revenue(2,260)(2,516)(2,520)(2,212)(2,028)(2,274)(2,901)
Gross profit:319359341344353329338
Operating expenses(8)(10)(8)(5)(5)(7)(9)
Operating income:311349333338348323329
Nonoperating income691112877
Public utilities, allowance for funds used during construction, capitalized cost of equity9121112877
Net periodic defined benefits expense (reversal of expense), excluding service cost component(3)(3) 
Interest and debt expense(100)(109)(104)(91)(89)(88)(87)
Income from continuing operations before equity method investments, income taxes:217249240260268241249
Other undisclosed income from continuing operations before income taxes232314171061413
Income from continuing operations before income taxes:241271254277374255262
Income tax expense(41)(52)(51)(109)(124)(93)(92)
Net income:200220204167250162170
Net loss attributable to noncontrolling interest(2)(2)(2)(2)(2)(2)(2)
Net income available to common stockholders, diluted:198218202165248160168

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:200220204167250162170
Other comprehensive loss      (11)
Comprehensive income:200220204167250162160
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1729(11)(3)(9)(1)(2)
Comprehensive income, net of tax, attributable to parent:217248193164241161158

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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