HAWAIIAN ELECTRIC CO INC
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
HE$9.08+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (unaudited) - and December 31,
Condensed Consolidated Balance Sheets (unaudited)
| (dollars in thousands) | March 31, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $485,192 | $679,546 |
| Restricted cash | 17,531 | 15,028 |
| Accounts receivable and unbilled revenues, net | 469,298 | 575,176 |
| Available-for-sale investment securities, at fair value | 1,091,889 | 1,136,439 |
| Held-to-maturity investment securities, at amortized cost | 1,191,074 | 1,201,314 |
| Stock in Federal Home Loan Bank, at cost | 32,489 | 14,728 |
| Loans held for investment, net | 6,045,665 | 6,106,438 |
| Loans held for sale, at lower of cost or fair value | 2,923 | 15,168 |
| Property, plant and equipment, net of accumulated depreciation of $3,374,016 and $3,317,759 at March 31, 2024 and December 31, 2023, respectively | 6,183,503 | 6,150,126 |
| Operating lease right-of-use assets | 91,182 | 94,905 |
| Regulatory assets | 315,067 | 294,804 |
| Other | 915,205 | 877,959 |
| Goodwill | 82,190 | 82,190 |
| Total assets | $16,923,208 | $17,243,821 |
| Liabilities and shareholders’ equity | ||
| Liabilities | ||
| Accounts payable | $248,806 | $247,462 |
| Interest and dividends payable | 61,452 | 51,206 |
| Deposit liabilities | 8,005,064 | 8,145,778 |
| Other bank borrowings | 593,000 | 750,000 |
| Long-term debt, net—other than bank | 2,837,875 | 2,842,429 |
| Deferred income taxes | 299,012 | 297,954 |
| Operating lease liabilities | 99,611 | 103,900 |
| Finance lease liabilities | 350,290 | 339,040 |
| Regulatory liabilities | 1,159,811 | 1,150,690 |
| Defined benefit pension and other postretirement benefit plans liability | 84,554 | 82,879 |
| Other | 772,060 | 853,349 |
| Total liabilities | 14,511,535 | 14,864,687 |
| Preferred stock of subsidiaries - not subject to mandatory redemption | 34,293 | 34,293 |
| Commitments and contingencies (Notes 2, 4 and 5) | ||
| Shareholders’ equity | ||
| Preferred stock, no par value, authorized 10,000,000 shares; issued: none | — | — |
| Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 110,302,667 shares and 110,151,798 shares at March 31, 2024 and December 31, 2023, respectively | 1,707,689 | 1,707,471 |
| Retained earnings | 968,842 | 926,720 |
| Accumulated other comprehensive loss, net of tax benefits | (299,151) | (289,350) |
| Total shareholders’ equity | 2,377,380 | 2,344,841 |
| Total liabilities and shareholders’ equity | $16,923,208 | $17,243,821 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.