HAWAIIAN ELECTRIC CO INC
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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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, 2025 · Filed Nov 7, 2025
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, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $548,242 | $750,535 |
| Restricted cash | 478,968 | 492,317 |
| Accounts receivable and unbilled revenues, net | 498,229 | 457,171 |
| Regulatory assets | 36,032 | 53,895 |
| Other | 296,351 | 380,408 |
| Assets held for sale | 55,878 | — |
| Total current assets | 1,913,700 | 2,134,326 |
| Noncurrent assets: | ||
| Property, plant and equipment, net of accumulated depreciation of $3,497,615 and $3,378,282 at September 30, 2025 and December 31, 2024, respectively | 6,155,343 | 6,134,318 |
| Operating lease right-of-use assets | 58,197 | 66,553 |
| Regulatory assets | 251,205 | 227,424 |
| Other | 435,191 | 368,795 |
| Total noncurrent assets | 6,899,936 | 6,797,090 |
| Total assets | $8,813,636 | $8,931,416 |
| Liabilities and shareholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $217,329 | $203,452 |
| Interest and dividends payable | 34,691 | 27,203 |
| Short-term borrowings, net | — | 48,623 |
| Current portion of long-term debt, net | 143,472 | 109,171 |
| Regulatory liabilities | 37,642 | 26,568 |
| Wildfire related claims (Note 2) | 526,500 | 478,750 |
| Other | 402,034 | 430,824 |
| Liabilities held for sale | 59,075 | — |
| Total current liabilities | 1,420,743 | 1,324,591 |
| Noncurrent liabilities: | ||
| Long-term debt, net | 2,295,219 | 2,690,387 |
| Operating lease liabilities | 45,610 | 56,523 |
| Finance lease liabilities | 509,776 | 426,598 |
| Regulatory liabilities | 1,285,879 | 1,217,515 |
| Defined benefit plans liability | 23,080 | 23,213 |
| Wildfire tort-related claims (Note 2) | 1,436,250 | 1,436,250 |
| Other | 198,950 | 242,957 |
| Total noncurrent liabilities | 5,794,764 | 6,093,443 |
| Total liabilities | 7,215,507 | 7,418,034 |
| Preferred stock of subsidiaries - not subject to mandatory redemption | 34,293 | 34,293 |
| Commitments and contingencies (Notes 2 and 4) | ||
| Shareholders’ equity | ||
| Preferred stock, no par value, authorized 10,000,000 shares; issued: none | — | — |
| Common stock, no par value, authorized 400,000,000 shares; issued and outstanding: 172,620,476 shares and 172,465,608 shares at September 30, 2025 and December 31, 2024, respectively | 2,267,288 | 2,264,544 |
| Retained earnings (deficit) | (705,413) | (788,916) |
| Accumulated other comprehensive income, net of taxes | 1,961 | 3,461 |
| Total shareholders’ equity | 1,563,836 | 1,479,089 |
| Total liabilities and shareholders’ equity | $8,813,636 | $8,931,416 |
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