HAWEL · As filed with the SEC

Hawaiian Electric balance sheet, by fiscal year

The statement as Hawaiian Electric presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Consolidated Balance Sheets · USD thousands

USD thousands	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022
ASSETS
Current assets
Cash and cash equivalents	501,778	750,535	679,546	199,877
Restricted cash	—	—	15,028	5,050
Accounts receivable and unbilled revenues, net	—	—	575,176	511,903
Available-for-sale investment securities, at fair value	—	—	1,136,439	1,429,667
Held-to-maturity investment securities, at amortized cost	—	—	1,201,314	1,251,747
Stock in Federal Home Loan Bank, at cost	—	—	14,728	26,560
Loans held for investment, net	—	—	6,106,438	5,906,690
Loans held for sale, at lower of cost or fair value	—	—	15,168	824
Restricted cash	478,968	492,317	—	—
Accounts receivable and unbilled revenues, net	491,526	457,171	—	—
Regulatory assets	50,039	53,895	—	—
Other	305,999	380,408	—	—
Total current assets	—	2,134,326	—	—
Assets held for sale	56,266	—	—	—
Total current assets	1,884,576	—	—	—
Noncurrent assets:
Property, plant and equipment, net
Land	54,596	63,537	106,999	109,381
Plant and equipment	8,730,645	8,634,124	8,695,942	8,427,748
Right-of-use assets - finance lease	539,485	448,527	342,834	49,370
Construction in progress	382,147	366,412	322,110	293,048
Property, plant and equipment, gross	9,706,873	9,512,600	9,467,885	8,879,547
Less – accumulated depreciation	(3,518,501)	(3,378,282)	(3,317,759)	(3,192,545)
Total property, plant and equipment, net	6,188,372	6,134,318	6,150,126	5,687,003
Operating lease right-of-use-assets	56,604	66,553	94,905	115,684
Regulatory assets	—	—	294,804	242,513
Other	—	—	877,959	824,536
Goodwill	—	—	82,190	82,190
Regulatory assets	258,076	227,424	—	—
Defined benefit pension and other postretirement benefit plans asset	219,211	—	—	—
Other	316,040	368,795	—	—
Total noncurrent assets	—	6,797,090	—	—
Assets of discontinued operations	—	0	—	—
Total noncurrent assets	7,038,303	—	—	—
Total assets	8,922,879	8,931,416	17,243,821	16,284,244
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	—	—	247,462	251,460
Interest and dividends payable	—	—	51,206	21,333
Deposit liabilities	—	—	8,145,778	8,169,696
Short-term borrowings—other than bank	—	—	0	172,568
Other bank borrowings	—	—	750,000	695,120
Accounts payable	219,062	203,452	—	—
Interest and dividends payable	31,458	27,203	—	—
Short-term borrowings	0	48,623	—	—
Current portion of long-term debt, net	124,959	109,171	—	—
Regulatory liabilities	51,997	26,568	—	—
Wildfire tort-related claims	530,000	478,750	—	—
Other	410,458	430,824	—	—
Total current liabilities	—	1,324,591	—	—
Liabilities held for sale	59,803	—	—	—
Total current liabilities	1,427,737	—	—	—
Noncurrent liabilities:
Long-term debt, net	2,285,016	2,690,387	2,842,429	2,384,980
Deferred income taxes	—	0	297,954	262,462
Operating lease liabilities	—	—	103,900	126,604
Finance lease liabilities	—	—	339,040	48,709
Regulatory liabilities	—	—	1,150,690	1,055,650
Defined benefit pension and other postretirement benefit plans liability	—	—	82,879	71,813
Other	—	—	853,349	787,057
Operating lease liabilities	43,278	56,523	—	—
Finance lease liabilities	505,590	426,598	—	—
Regulatory liabilities	1,392,147	1,217,515	—	—
Defined benefit plans liability	23,656	23,213	—	—
Wildfire tort-related claims	1,436,250	1,436,250	—	—
Other	203,286	242,957	—	—
Total noncurrent liabilities	—	6,093,443	—	—
Liabilities of discontinued operations	—	0	—	—
Total noncurrent liabilities	5,889,223	—	—	—
Total liabilities	7,316,960	7,418,034	14,864,687	14,047,452
Preferred stock of subsidiaries - not subject to mandatory redemption	0	34,293	34,293	34,293
Shareholders’ equity
Preferred stock, no par value, authorized 10,000,000 shares; issued: none	0	0	0	0
Common stock, no par value, authorized 400,000,000 shares; issued and outstanding: 172,620,476 shares and 172,465,608 shares at December 31, 2025 and 2024, respectively	2,268,187	2,264,544	1,707,471	1,692,697
Retained earnings (deficit)	(665,606)	(788,916)	926,720	845,830
Accumulated other comprehensive income, net of taxes
Net unrealized losses on securities	—	0	(282,963)	(328,904)
Unrealized gains on derivatives	600	2,120	1,638	1,991
Retirement benefit plans	2,738	1,341	(8,025)	(9,115)
Accumulated other comprehensive income, net of taxes	3,338	3,461	(289,350)	(336,028)
Total shareholders’ equity	1,605,919	1,479,089	2,344,841	2,202,499
Total capitalization and liabilities	8,922,879	8,931,416	17,243,821	16,284,244

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.