v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Utility property, plant and equipment    
Total property, plant and equipment, net $ 6,347,255 $ 6,188,372
Current assets    
Cash and cash equivalents 238,732 501,778
Regulatory assets 51,669 50,039
Total current assets 1,252,952 1,884,576
Other long-term assets    
Operating lease right-of-use assets 48,172 56,604
Regulatory assets 274,578 258,076
Defined benefit pension and other postretirement benefit plans asset 221,553 219,211
Other 257,292 316,040
Total assets 8,401,802 8,922,879
Capitalization    
Retained earnings (511,956) (665,606)
Accumulated other comprehensive income, net of taxes-retirement benefit plans 3,189 3,338
Total shareholders’ equity 1,762,887 1,605,919
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Current portion of long-term debt, net 0 124,959
Accounts payable 305,686 219,062
Interest and preferred dividends payable 30,925 31,458
Regulatory liabilities 31,265 51,997
Wildfire tort-related claims 457,563 530,000
Other 383,699 410,458
Total current liabilities 1,270,136 1,427,737
Deferred credits and other liabilities    
Operating lease liabilities 35,623 43,278
Finance lease liabilities 499,402 505,590
Regulatory liabilities 1,442,389 1,392,147
Wildfire tort-related claims 890,280 1,436,250
Other 211,885 203,286
Total liabilities and shareholders’ equity 8,401,802 8,922,879
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,097 52,107
Plant and equipment 8,832,665 8,719,617
Right-of-use assets - finance lease 539,485 539,485
Less accumulated depreciation (3,618,063) (3,508,592)
Construction in progress 537,695 382,147
Utility property, plant and equipment, net 6,343,879 6,184,764
Nonutility property, plant and equipment, less accumulated depreciation of $1 as of June 30, 2026 and December 31, 2025 2,705 2,705
Total property, plant and equipment, net 6,346,584 6,187,469
Current assets    
Cash and cash equivalents 186,259 486,220
Customer accounts receivable, net 229,205 172,894
Accrued unbilled revenues, net 221,887 192,033
Other accounts receivable, net 21,173 76,346
Fuel oil stock, at average cost 189,382 113,582
Materials and supplies, at average cost 140,915 132,803
Prepayments and other 58,925 57,980
Regulatory assets 51,669 50,039
Total current assets 1,099,415 1,281,897
Other long-term assets    
Operating lease right-of-use assets 47,618 55,863
Regulatory assets 274,578 258,076
Defined benefit pension and other postretirement benefit plans asset 221,890 219,477
Investment in unconsolidated affiliate 0 287,250
Other 179,805 240,488
Total other long-term assets 723,891 1,061,154
Total assets 8,169,890 8,530,520
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,854,278 shares at June 30, 2026 and December 31, 2025) 119,048 119,048
Premium on capital stock 811,350 811,350
Retained earnings 514,502 362,301
Additional paid-in capital 418,812 288,060
Accumulated other comprehensive income, net of taxes-retirement benefit plans 2,546 2,640
Total shareholders’ equity 1,866,258 1,583,399
Long-term debt, net 2,058,431 2,057,874
Total capitalization 3,924,689 3,641,273
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Current portion of operating lease liabilities 16,154 17,565
Current portion of long-term debt, net 0 124,959
Accounts payable 302,131 217,203
Interest and preferred dividends payable 27,265 28,024
Taxes accrued, including revenue taxes 241,001 263,179
Regulatory liabilities 31,265 51,997
Wildfire tort-related claims 409,813 482,250
Other 120,342 119,278
Total current liabilities 1,147,971 1,304,455
Deferred credits and other liabilities    
Operating lease liabilities 35,383 42,753
Finance lease liabilities 499,402 505,590
Regulatory liabilities 1,442,389 1,392,147
Unamortized tax credits 63,872 67,918
Defined benefit pension liability 12,995 6,909
Wildfire tort-related claims 890,280 1,436,250
Other 152,909 133,225
Total deferred credits and other liabilities 3,097,230 3,584,792
Total liabilities and shareholders’ equity $ 8,169,890 $ 8,530,520