v3.26.1
Condensed Consolidated Statements of Cash Flows (unaudited) - HECO - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment $ 133,083 $ 131,759
Other amortization 17,730 20,908
Deferred income tax expense (benefit) 50,159 (3,869)
Allowance for equity funds used during construction (8,151) (7,287)
Other (4,995) (2,793)
Changes in assets and liabilities    
Increase in fuel oil stock (75,800) (16,536)
Increase in regulatory assets (7,730) (1,608)
Increase in regulatory liabilities 21,269 42,433
Change in prepaid and accrued income taxes, tax credits and revenue taxes (16,524) (38,938)
Change in defined benefit pension and other postretirement benefit plans asset/liability (4,195) (3,710)
Change in other assets and liabilities (5,327) (20,921)
Net cash provided by (used in) operating activities (350,369) 184,416
Cash flows from investing activities    
Capital expenditures (242,090) (161,493)
Other 2,023 3,222
Net cash used in investing activities (240,067) (152,490)
Cash flows from financing activities    
Repayment of long-term debt (145,085) (630,808)
Other (6,147) (5,958)
Net cash used in financing activities (151,360) (637,890)
Net decrease in cash, cash equivalents and restricted cash (741,796) (605,964)
Cash, cash equivalents and restricted cash, beginning of period 980,746 1,242,852
Cash, cash equivalents and restricted cash, end of period 238,950 636,888
Hawaiian Electric Company, Inc. and Subsidiaries    
Cash flows from operating activities    
Net income 173,201 87,964
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation of property, plant and equipment 132,893 127,993
Other amortization 17,547 19,191
Deferred income tax expense (benefit) 54,891 (2,822)
State refundable credit (6,504) (6,210)
Insurance recovery related to wildfire tort-related claim (8,513) 0
Bad debt expense 1,416 1,267
Allowance for equity funds used during construction (8,151) (7,287)
Other 51 2,292
Changes in assets and liabilities    
Increase in accounts receivable (38,969) (6,041)
Decrease (increase) in accrued unbilled revenues (29,895) 20,772
Increase in fuel oil stock (75,800) (15,636)
Increase in materials and supplies (7,960) (12,787)
Increase in regulatory assets (7,730) (1,608)
Increase in regulatory liabilities 21,269 42,433
Increase in accounts payable 77,029 18,699
Change in prepaid and accrued income taxes, tax credits and revenue taxes (20,529) (46,378)
Change in defined benefit pension and other postretirement benefit plans asset/liability (4,234) (3,820)
Decrease in wildfire tort-related claims (136,157) 0
Change in other assets and liabilities (42,362) (1,776)
Net cash provided by (used in) operating activities 91,493 216,246
Cash flows from investing activities    
Capital expenditures (241,810) (159,950)
Other 2,113 5,151
Net cash used in investing activities (239,697) (154,799)
Cash flows from financing activities    
Common stock dividends (21,000) (10,000)
Preferred stock dividends of Hawaiian Electric and subsidiaries 0 (998)
Proceeds from capital contribution from parent 0 540
Repayment of long-term debt (125,000) (123,000)
Payments of obligations under finance leases (5,631) (4,659)
Other (126) (1,049)
Net cash used in financing activities (151,757) (139,166)
Net decrease in cash, cash equivalents and restricted cash (299,961) (77,719)
Cash, cash equivalents and restricted cash, beginning of period 486,220 184,148
Cash, cash equivalents and restricted cash, end of period $ 186,259 $ 106,429