Cash flows | | | | | | | | | | | | | | | | Six months ended June 30 | | 2026 | | 2025 | | (in millions) | | | | | | Supplemental disclosures of cash flow information | | | | | | Cash payments (receipts): | | | | | | HEI consolidated | | | | | | Interest to non-affiliates, net of amounts capitalized | | $ | 54 | | | $ | 59 | | | Interest on finance lease obligations | | 22 | | | 19 | | | Federal income tax, net | | (5) | | | 16 | | | State of Hawaii income tax, net (including refundable credits) | | — | | | (1) | | | Hawaiian Electric consolidated | | | | | | Interest to non-affiliates, net of amounts capitalized | | 49 | | | 41 | | | Interest on finance lease obligations | | 22 | | | 19 | | | Federal income taxes, net | | (2) | | | 20 | | | State of Hawaii income taxes, net (including refundable credits) | | 2 | | | 4 | | | | | | | | Supplemental disclosures of noncash activities | | | | | | HEI consolidated | | | | | Common stock issued (gross) for nonemployee director and executive/management compensation (financing)1 | | 2 | | | 2 | | | Debt assumed by buyer - sale of a subsidiary (financing) | | — | | | 39 | | | Hawaiian Electric consolidated | | | | | | | | | | Capital contribution from parent related to first installment payment of the wildfire tort-related claim liability (financing)2 | | 479 | | | — | | Capital distribution from former unconsolidated affiliate (financing)2 | | 287 | | | — | | Capital distribution to parent (financing)2 | | 49 | | | — | | | Capital contribution from parent of a membership interest in a former unconsolidated affiliate (financing) | | — | | | 287 | | | HEI consolidated and Hawaiian Electric consolidated | | | | | | Property, plant and equipment | | | | | Unpaid invoices and accruals for capital expenditures, balance, end of period (investing) | | 77 | | | 58 | | | Right-of-use assets obtained in exchange for finance lease obligations (financing) | | — | | | 42 | | Estimated fair value of noncash contributions in aid of construction (investing) | | 5 | | | 5 | | | Reduction of long-term debt from funds previously transferred for repayment (financing) | | — | | | 47 | | | Right-of-use assets obtained in exchange for operating lease obligations (investing) | | — | | | 10 | |
1 The amounts shown represent the market value of common stock issued for nonemployee director and executive/management compensation and withheld to satisfy statutory tax liabilities. 2 Included in Hawaiian Electric change in additional paid-in capital. Change in additional paid-in capital represents the noncash capital contribution from parent related to first installment payment of the tort-related settlement, net of noncash capital distribution from former unconsolidated affiliate, noncash capital distribution to parent and noncash transfer of operating liabilities from the parent of $12 million.
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