HAWAIIAN ELECTRIC INDUSTRIES INC
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 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) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $1,159,635 | $679,546 |
| Restricted cash | 13,645 | 15,028 |
| Accounts receivable and unbilled revenues, net | 526,717 | 575,176 |
| Available-for-sale investment securities, at fair value | 1,084,083 | 1,136,439 |
| Held-to-maturity investment securities, at amortized cost | 1,159,229 | 1,201,314 |
| Stock in Federal Home Loan Bank, at cost | 29,204 | 14,728 |
| Loans held for investment, net | 5,972,614 | 6,106,438 |
| Loans held for sale, at lower of cost or fair value | 2,704 | 15,168 |
| Property, plant and equipment, net of accumulated depreciation of $3,457,283 and $3,317,759 at September 30, 2024 and December 31, 2023, respectively | 6,296,088 | 6,150,126 |
| Operating lease right-of-use assets | 84,645 | 94,905 |
| Regulatory assets | 314,247 | 294,804 |
| Other | 1,088,417 | 877,959 |
| Goodwill | — | 82,190 |
| Total assets | $17,731,228 | $17,243,821 |
| Liabilities and shareholders’ equity | ||
| Liabilities | ||
| Accounts payable | $255,634 | $247,462 |
| Interest and dividends payable | 50,076 | 51,206 |
| Deposit liabilities | 7,999,210 | 8,145,778 |
| Other bank borrowings | 520,000 | 750,000 |
| Long-term debt, net—other than bank | 2,836,539 | 2,842,429 |
| Deferred income taxes | — | 297,954 |
| Operating lease liabilities | 91,781 | 103,900 |
| Finance lease liabilities | 441,089 | 339,040 |
| Regulatory liabilities | 1,191,099 | 1,150,690 |
| Defined benefit pension and other postretirement benefit plans liability | 83,007 | 82,879 |
| Wildfire tort-related claims | 1,915,000 | 75,000 |
| Other | 736,459 | 778,349 |
| Total liabilities | 16,119,894 | 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: 172,465,608 shares and 110,151,798 shares at September 30, 2024 and December 31, 2023, respectively | 2,266,282 | 1,707,471 |
| Retained earnings (deficit) | (431,044) | 926,720 |
| Accumulated other comprehensive loss, net of tax benefits | (258,197) | (289,350) |
| Total shareholders’ equity | 1,577,041 | 2,344,841 |
| Total liabilities and shareholders’ equity | $17,731,228 | $17,243,821 |
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