HAWEL · As filed with the SEC
Hawaiian Electric balance sheet, by quarter
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.
Condensed Consolidated Balance Sheets (unaudited) · USD thousands
| USD thousands | Q2 2026 Jun 30, 2026 | Q1 2026 Mar 31, 2026 | Q4 2025 Dec 31, 2025 | Q3 2025 Sep 30, 2025 | Q2 2025 Jun 30, 2025 | Q1 2025 Mar 31, 2025 | Q4 2024 Dec 31, 2024 | Q3 2024 Sep 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | 238,732 | 452,840 | 501,778 | 548,242 | 154,285 | 629,338 | 750,535 | 1,159,635 |
| Restricted cash | — | — | — | — | — | — | — | 13,645 |
| Restricted cash | 218 | 478,968 | 478,968 | 478,968 | 482,603 | 482,480 | 492,317 | — |
| Accounts receivable and unbilled revenues, net | — | — | 491,526 | — | — | — | 457,171 | — |
| Accounts receivable and unbilled revenues, net | 520,390 | 452,184 | — | 498,229 | 435,844 | 444,015 | — | 526,717 |
| Available-for-sale investment securities, at fair value | — | — | — | — | — | — | — | 1,084,083 |
| Held-to-maturity investment securities, at amortized cost | — | — | — | — | — | — | — | 1,159,229 |
| Stock in Federal Home Loan Bank, at cost | — | — | — | — | — | — | — | 29,204 |
| Loans held for investment, net | — | — | — | — | — | — | — | 5,972,614 |
| Loans held for sale, at lower of cost or fair value | — | — | — | — | — | — | — | 2,704 |
| Regulatory assets | 51,669 | 48,353 | 50,039 | 36,032 | 44,022 | 42,751 | 53,895 | — |
| Other | 389,695 | 341,975 | 305,999 | 296,351 | 305,098 | 347,790 | 380,408 | — |
| Total current assets | — | — | — | — | — | — | 2,134,326 | — |
| Assets held for sale | 52,248 | 55,596 | 56,266 | 55,878 | 118,399 | — | — | — |
| Total current assets | 1,252,952 | 1,829,916 | 1,884,576 | 1,913,700 | 1,540,251 | 1,946,374 | — | — |
| Noncurrent assets: | ||||||||
| Land | — | — | 54,596 | — | — | — | 63,537 | — |
| Plant and equipment | — | — | 8,730,645 | — | — | — | 8,634,124 | — |
| Right-of-use assets - finance lease | — | — | 539,485 | — | — | — | 448,527 | — |
| Construction in progress | — | — | 382,147 | — | — | — | 366,412 | — |
| Property, plant and equipment, gross | — | — | 9,706,873 | — | — | — | 9,512,600 | — |
| Less – accumulated depreciation | — | — | (3,518,501) | — | — | — | (3,378,282) | — |
| Property, plant and equipment, net of accumulated depreciation of $3,626,536 and $3,518,501 at June 30, 2026 and December 31, 2025, respectively | 6,347,255 | 6,237,196 | 6,188,372 | 6,155,343 | 6,060,000 | 6,138,288 | 6,134,318 | 6,296,088 |
| Operating lease right-of-use assets | 48,172 | 52,416 | 56,604 | 58,197 | 62,065 | 65,657 | 66,553 | 84,645 |
| Regulatory assets | — | — | — | 251,205 | 241,960 | 233,050 | — | 314,247 |
| Regulatory assets | 274,578 | 263,179 | 258,076 | — | — | — | 227,424 | — |
| Defined benefit pension and other postretirement benefit plans asset | 221,553 | 219,730 | 219,211 | — | — | — | — | — |
| Other | — | 311,766 | — | 435,191 | 420,585 | 382,812 | — | 1,088,417 |
| Goodwill | — | — | — | — | — | — | — | 0 |
| Other | 257,292 | — | 316,040 | — | — | — | 368,795 | — |
| Total noncurrent assets | — | — | — | — | — | — | 6,797,090 | — |
| Assets of discontinued operations | — | — | — | — | — | — | 0 | — |
| Total noncurrent assets | 7,148,850 | 7,084,287 | 7,038,303 | 6,899,936 | 6,784,610 | 6,819,807 | — | — |
| Total assets | 8,401,802 | 8,914,203 | 8,922,879 | 8,813,636 | 8,324,861 | 8,766,181 | 8,931,416 | 17,731,228 |
| Liabilities and shareholders’ equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | — | — | — | — | — | — | — | 255,634 |
| Accounts payable | 305,686 | 220,103 | 219,062 | 217,329 | 232,944 | 207,115 | 203,452 | — |
| Interest and dividends payable | — | — | — | 34,691 | 23,921 | 39,317 | — | 50,076 |
| Deposit liabilities | — | — | — | — | — | — | — | 7,999,210 |
| Other bank borrowings | — | — | — | — | — | — | — | 520,000 |
| Interest and dividends payable | 30,925 | 49,142 | 31,458 | — | — | — | 27,203 | — |
| Short-term borrowings | — | — | 0 | 0 | 49,312 | 48,738 | 48,623 | — |
| Current portion of long-term debt, net | 0 | 124,990 | 124,959 | 143,472 | 143,438 | 414,897 | 109,171 | — |
| Regulatory liabilities | 31,265 | 35,562 | 51,997 | 37,642 | 27,396 | 28,071 | 26,568 | — |
| Wildfire related claims | 457,563 | 526,500 | 530,000 | 526,500 | 478,750 | 478,750 | 478,750 | — |
| Other | 383,699 | 350,987 | 410,458 | 402,034 | 368,930 | 342,131 | 430,824 | — |
| Total current liabilities | — | — | — | — | — | — | 1,324,591 | — |
| Liabilities held for sale | 60,998 | 60,607 | 59,803 | 59,075 | 114,399 | — | — | — |
| Total current liabilities | 1,270,136 | 1,367,891 | 1,427,737 | 1,420,743 | 1,439,090 | 1,559,019 | — | — |
| Noncurrent liabilities: | ||||||||
| Long-term debt, net | 2,265,630 | 2,280,388 | 2,285,016 | 2,295,219 | 1,863,936 | 2,203,066 | 2,690,387 | 2,836,539 |
| Deferred income taxes | — | — | — | — | — | — | 0 | 0 |
| Operating lease liabilities | — | — | — | — | — | — | — | 91,781 |
| Finance lease liabilities | — | — | — | — | — | — | — | 441,089 |
| Regulatory liabilities | — | — | — | — | — | — | — | 1,191,099 |
| Defined benefit pension and other postretirement benefit plans liability | — | — | — | — | — | — | — | 83,007 |
| Wildfire tort-related claims | — | — | — | — | — | — | — | 1,915,000 |
| Other | — | — | — | — | — | — | — | 736,459 |
| Operating lease liabilities | 35,623 | 38,619 | 43,278 | 45,610 | 49,768 | 54,469 | 56,523 | — |
| Finance lease liabilities | 499,402 | 502,526 | 505,590 | 509,776 | 462,439 | 465,881 | 426,598 | — |
| Regulatory liabilities | 1,442,389 | 1,413,907 | 1,392,147 | 1,285,879 | 1,266,250 | 1,246,301 | 1,217,515 | — |
| Defined benefit plans liability | — | — | 23,656 | 23,080 | 23,081 | 23,095 | 23,213 | — |
| Defined benefit pension liability | 23,570 | 23,612 | — | — | — | — | — | — |
| Wildfire tort-related claims | 890,280 | 1,436,250 | 1,436,250 | 1,436,250 | 1,436,250 | 1,436,250 | 1,436,250 | — |
| Other | 211,885 | 213,641 | 203,286 | 198,950 | 215,322 | 237,931 | 242,957 | — |
| Total noncurrent liabilities | — | — | — | — | — | — | 6,093,443 | — |
| Liabilities of discontinued operations | — | — | — | — | — | — | 0 | — |
| Total noncurrent liabilities | 5,368,779 | 5,908,943 | 5,889,223 | 5,794,764 | 5,317,046 | 5,666,993 | — | — |
| Total liabilities | 6,638,915 | 7,276,834 | 7,316,960 | 7,215,507 | 6,756,136 | 7,226,012 | 7,418,034 | 16,119,894 |
| Preferred stock of subsidiaries - not subject to mandatory redemption | — | — | 0 | 34,293 | 34,293 | 34,293 | 34,293 | 34,293 |
| Shareholders’ equity | ||||||||
| Preferred stock, no par value, authorized 10,000,000 shares; issued: none | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common stock, no par value, authorized 400,000,000 shares; issued and outstanding: 172,728,004 shares and 172,620,476 shares at June 30, 2026 and December 31, 2025, respectively | 2,271,654 | 2,269,261 | 2,268,187 | 2,267,288 | 2,267,897 | 2,265,120 | 2,264,544 | 2,266,282 |
| Retained earnings (deficit) | (511,956) | (635,156) | (665,606) | (705,413) | (736,160) | (762,245) | (788,916) | (431,044) |
| Net unrealized losses on securities | — | — | — | — | — | — | 0 | — |
| Unrealized gains on derivatives | — | — | 600 | — | — | — | 2,120 | — |
| Retirement benefit plans | — | — | 2,738 | — | — | — | 1,341 | — |
| Accumulated other comprehensive income, net of taxes | 3,189 | 3,264 | 3,338 | 1,961 | 2,695 | 3,001 | 3,461 | (258,197) |
| Total shareholders’ equity | 1,762,887 | 1,637,369 | 1,605,919 | 1,563,836 | 1,534,432 | 1,505,876 | 1,479,089 | 1,577,041 |
| Total liabilities and shareholders’ equity | 8,401,802 | 8,914,203 | 8,922,879 | 8,813,636 | 8,324,861 | 8,766,181 | 8,931,416 | 17,731,228 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.