HAWEL · As filed with the SEC

Hawaiian Electric cash flow statement, 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 Statements of Cash Flows (unaudited) · USD thousands

USD thousands	Q2 2026^† 3 months ended Jun 30, 2026	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024
Cash flows from operating activities
Net income	123,200^†	30,450	41,361^†	31,218^†	26,558^†	27,144	(67,772)^†	(103,931)^†
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Loss (income) from discontinued operations	—	—	0^†	0^†	0^†	0	97,411^†	(18,778)^†
Depreciation of property, plant and equipment	66,542^†	66,541	64,133^†	64,132^†	65,993^†	65,766	64,807^†	73,426^†
Other amortization	8,824^†	8,906	8,163^†	9,824^†	10,112^†	10,796	8,581^†	21,751^†
Provision for credit losses	—	—	—	—	—	—	—	248^†
Loans originated, held for sale	—	—	—	—	—	—	—	(26,171)^†
Proceeds from sale of loans, held for sale	—	—	—	—	—	—	—	28,130^†
Gain on sale of loans, net	—	—	—	—	—	—	—	(363)^†
Loss on sale of a subsidiary	—	—	—	—	—	13,211	—	—
Loss on sale of a subsidiary and impairment loss on assets held for sale	3,716^†	0	0^†	(1,013)^†	178^†	—	39,642^†	0^†
Deferred income tax expense (benefit)	54,214^†	(4,055)	2,703^†	(9,464)^†	(3,553)^†	(316)	11,943^†	(74,064)^†
Share-based compensation expense	2,610^†	1,202	504^†	(609)^†	2,777^†	754	1,428^†	705^†
Allowance for equity funds used during construction	(4,387)^†	(3,764)	(3,905)^†	(3,821)^†	(3,702)^†	(3,585)	(3,510)^†	(3,300)^†
Goodwill impairment	—	—	—	—	—	—	—	0^†
Assets impairment	—	—	—	—	—	—	0^†	—
Other	(1,504)^†	(3,491)	(1,831)^†	(1,735)^†	16^†	(2,809)	(5,806)^†	(8,882)^†
Changes in assets and liabilities
Decrease (increase) in accounts receivable and unbilled revenues, net	(108,845)^†	36,366	2,663^†	(67,906)^†	13,514^†	378	47,637^†	(51,514)^†
Increase in fuel oil stock	(64,842)^†	(10,958)	(2,379)^†	3,336^†	(1,184)^†	(15,352)	11,209^†	36,964^†
Increase in materials and supplies	(5,765)^†	(2,161)	(46)^†	(1,522)^†	(3,947)^†	(8,943)	(4,617)^†	(884)^†
Increase in regulatory assets	(8,742)^†	1,012	(33,301)^†	4,447^†	(7,593)^†	5,985	(9,480)^†	10,162^†
Increase in regulatory liabilities	21,808^†	(539)	30,369^†	23,241^†	14,814^†	27,619	14,972^†	16,745^†
Increase in accounts, interest and dividends payable	48,884^†	35,362	3,660^†	(9,982)^†	(8,390)^†	21,744	(59,187)^†	5,625^†
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes	—	—	—	—	—	—	—	9,449^†
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes	28,933^†	(45,457)	11,198^†	23,177^†	15,098^†	(54,036)	7,692^†	11,422^†
Change in defined benefit pension and other postretirement benefit plans asset/liability	(2,122)^†	(2,073)	(4,525)^†	(553)^†	(2,211)^†	(1,499)	(3,409)^†	(2,423)^†
Decrease in wildfire-related claims	—	—	0^†	47,750^†	0^†	0	0^†	203,000^†
Change in other assets and liabilities	40,983^†	(46,310)	(12,362)^†	(10,268)^†	16,271^†	(37,192)	13,748^†	(44,012)^†
Net cash provided by operating activities-continuing operations	—	—	106,405^†	100,252^†	134,751^†	49,665	125,647^†	134,382^†
Net cash provided by operating activities-discontinued operations	—	—	0^†	0^†	0^†	0	10,923^†	23,082^†
Net cash provided by (used in) operating activities	(411,400)^†	61,031	106,405^†	100,252^†	134,751^†	49,665	136,570^†	157,464^†
Cash flows from investing activities
Principal repayments on available-for-sale investment securities	—	—	—	—	—	—	—	27,197^†
Proceeds from repayments or maturities of held-to-maturity investment securities	—	—	—	—	—	—	—	23,615^†
Purchase of stock from Federal Home Loan Bank	—	—	—	—	—	—	—	0^†
Redemption of stock from Federal Home Loan Bank	—	—	—	—	—	—	—	0^†
Net decrease (increase) in loans held for investment	—	—	—	—	—	—	—	(8,284)^†
Proceeds from sale of commercial loans	—	—	—	—	—	—	—	9,119^†
Purchase of loans held for investment	—	—	—	—	—	—	—	0^†
Proceeds from sale of subsidiaries	0^†	0	0^†	8,000^†	0^†	5,781	0^†	0^†
Capital expenditures	(138,555)^†	(103,535)	(85,752)^†	(93,957)^†	(74,955)^†	(86,538)	(87,331)^†	(79,719)^†
Other, net	400^†	1,623	930^†	1,094^†	958^†	2,264	8,522^†	(1,642)^†
Net cash used in investing activities-continuing operations	—	—	(84,822)^†	(84,863)^†	(73,997)^†	(78,493)	(78,809)^†	(76,686)^†
Net cash provided by investing activities-discontinued operations	—	—	0^†	0^†	0^†	0	361,187^†	19,103^†
Net cash used in investing activities	(138,155)^†	(101,912)	(84,822)^†	(84,863)^†	(73,997)^†	(78,493)	282,378^†	(57,583)^†
Cash flows from financing activities
Net decrease in deposit liabilities	—	—	—	—	—	—	—	(37,263)^†
Net decrease in short-term borrowings with original maturities of three months or less	—	—	—	—	—	—	0^†	0^†
Net decrease in other bank borrowings with original maturities of three months or less	—	—	—	—	—	—	—	0^†
Proceeds from issuance of short-term debt	—	—	—	—	—	—	50,000^†	0^†
Repayment of short-term debt	—	—	0^†	—	—	—	0^†	0^†
Proceeds from issuance of other bank borrowings	—	—	—	—	—	—	—	0^†
Repayment of other bank borrowings	—	—	—	—	—	—	—	0^†
Proceeds from issuance of long-term debt	—	—	10,000^†	500,000^†	0^†	0	271^†	531^†
Repayment of long-term debt	(140,043)^†	(5,042)	(39,089)^†	(63,667)^†	(532,741)^†	(98,067)	(84,833)^†	(2,977)^†
Withheld shares for employee taxes on vested share-based compensation	0^†	(128)	0^†	0^†	0^†	(178)	0^†	0^†
Net proceeds from issuance of common stock	—	—	0^†	—	—	—	(112)^†	—
Common stock dividends	—	—	—	—	—	—	0^†	0^†
Preferred stock dividends of subsidiaries	0^†	0	(473)^†	(471)^†	(473)^†	(473)	(473)^†	(471)^†
Other	(3,260)^†	(2,887)	(3,117)^†	(10,929)^†	(2,470)^†	(3,488)	(1,452)^†	(8,605)^†
Net cash provided by (used in) financing activities-continuing operations	—	—	(68,047)^†	374,933^†	(535,684)^†	(102,206)	(36,599)^†	550,936^†
Net cash used in financing activities-discontinued operations	—	—	0^†	0^†	0^†	0	39,449^†	(44,367)^†
Net cash used in financing activities	(143,303)^†	(8,057)	(68,047)^†	374,933^†	(535,684)^†	(102,206)	2,850^†	506,569^†
Net decrease in cash, cash equivalents and restricted cash	(692,858)^†	(48,938)	(46,464)^†	390,322^†	(474,930)^†	(131,034)	421,798^†	606,450^†
Cash, cash equivalents and restricted cash, beginning of period	931,808	980,746	1,027,210	636,888	1,111,818	1,242,852	1,173,280	566,830
Cash, cash equivalents and restricted cash, end of period	238,950	931,808	—	1,027,210	636,888	1,111,818	1,595,078	1,173,280

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

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