v3.24.3
Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Utility property, plant and equipment    
Total property, plant and equipment, net $ 6,296,088 $ 6,150,126
Current assets    
Cash and cash equivalents 1,159,635 679,546
Restricted cash 13,645 15,028
Other long-term assets    
Operating lease right-of-use assets 84,645 94,905
Total assets 17,731,228 17,243,821
Capitalization    
Retained earnings (deficit) (431,044) 926,720
Accumulated other comprehensive income, net of taxes-retirement benefit plans (258,197) (289,350)
Common stock equity 1,577,041 2,344,841
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Interest and preferred dividends payable 50,076 51,206
Deferred credits and other liabilities    
Deferred income taxes 0 297,954
Total liabilities and shareholders’ equity 17,731,228 17,243,821
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,019 52,098
Plant and equipment 8,413,151 8,232,810
Right-of-use assets - finance lease 449,572 342,174
Less accumulated depreciation (3,323,190) (3,197,514)
Construction in progress 346,673 320,223
Utility property, plant and equipment, net 5,938,225 5,749,791
Nonutility property, plant and equipment, less accumulated depreciation of $42 and $40 as of September 30, 2024 and December 31, 2023, respectively 6,939 6,942
Total property, plant and equipment, net 5,945,164 5,756,733
Current assets    
Cash and cash equivalents 147,624 106,077
Restricted cash 2,000 2,000
Customer accounts receivable, net 207,953 244,309
Accrued unbilled revenues, net 199,657 185,644
Other accounts receivable, net 85,488 111,519
Fuel oil stock, at average cost 109,043 148,237
Materials and supplies, at average cost 114,054 114,433
Prepayments and other 94,823 58,491
Regulatory assets 59,836 68,453
Total current assets 1,020,478 1,039,163
Other long-term assets    
Operating lease right-of-use assets 61,007 71,877
Regulatory assets 254,411 226,351
Other 282,144 189,430
Total other long-term assets 597,562 487,658
Total assets 7,563,204 7,283,554
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,854,278 shares at September 30, 2024 and December 31, 2023) 119,048 119,048
Premium on capital stock 810,955 810,955
Retained earnings (deficit) 177,500 1,476,258
Accumulated other comprehensive income, net of taxes-retirement benefit plans 2,756 2,849
Common stock equity 1,110,259 2,409,110
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,888,003 1,934,277
Total capitalization 3,032,555 4,377,680
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Current portion of operating lease liabilities 15,411 16,617
Current portion of long-term debt, net 46,977 0
Accounts payable 202,427 191,040
Interest and preferred dividends payable 29,817 22,882
Taxes accrued, including revenue taxes 261,653 291,942
Regulatory liabilities 25,684 36,559
Wildfire tort-related claims (Note 2) 478,750 75,000
Other 113,695 96,436
Total current liabilities 1,174,414 730,476
Deferred credits and other liabilities    
Operating lease liabilities 51,096 62,098
Finance lease liabilities 430,923 330,978
Deferred income taxes 0 399,001
Regulatory liabilities 1,165,415 1,114,131
Unamortized tax credits 78,206 84,312
Defined benefit pension liability 60,881 60,671
Wildfire tort-related claims (Note 2) 1,436,250 0
Other 133,464 124,207
Total deferred credits and other liabilities 3,356,235 2,175,398
Total liabilities and shareholders’ equity $ 7,563,204 $ 7,283,554