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
Cash flows from operating activities
Net income	123,200^†	30,450	41,361^†	31,218^†
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Loss (income) from discontinued operations	—	—	0^†	0^†
Depreciation of property, plant and equipment	66,542^†	66,541	64,133^†	64,132^†
Other amortization	8,824^†	8,906	8,163^†	9,824^†
Loss on sale of a subsidiary and impairment loss on assets held for sale	3,716^†	0	0^†	(1,013)^†
Deferred income tax expense (benefit)	54,214^†	(4,055)	2,703^†	(9,464)^†
Share-based compensation expense	2,610^†	1,202	504^†	(609)^†
Allowance for equity funds used during construction	(4,387)^†	(3,764)	(3,905)^†	(3,821)^†
Other	(1,504)^†	(3,491)	(1,831)^†	(1,735)^†
Changes in assets and liabilities
Decrease (increase) in accounts receivable and unbilled revenues, net	(108,845)^†	36,366	2,663^†	(67,906)^†
Increase in fuel oil stock	(64,842)^†	(10,958)	(2,379)^†	3,336^†
Increase in materials and supplies	(5,765)^†	(2,161)	(46)^†	(1,522)^†
Increase in regulatory assets	(8,742)^†	1,012	(33,301)^†	4,447^†
Increase in regulatory liabilities	21,808^†	(539)	30,369^†	23,241^†
Increase in accounts, interest and dividends payable	48,884^†	35,362	3,660^†	(9,982)^†
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes	28,933^†	(45,457)	11,198^†	23,177^†
Change in defined benefit pension and other postretirement benefit plans asset/liability	(2,122)^†	(2,073)	(4,525)^†	(553)^†
Decrease in wildfire-related claims	—	—	0^†	47,750^†
Change in other assets and liabilities	40,983^†	(46,310)	(12,362)^†	(10,268)^†
Net cash provided by operating activities-continuing operations	—	—	106,405^†	100,252^†
Net cash provided by operating activities-discontinued operations	—	—	0^†	0^†
Net cash provided by (used in) operating activities	(411,400)^†	61,031	106,405^†	100,252^†
Cash flows from investing activities
Proceeds from sale of subsidiaries	0^†	0	0^†	8,000^†
Capital expenditures	(138,555)^†	(103,535)	(85,752)^†	(93,957)^†
Other, net	400^†	1,623	930^†	1,094^†
Net cash used in investing activities-continuing operations	—	—	(84,822)^†	(84,863)^†
Net cash provided by investing activities-discontinued operations	—	—	0^†	0^†
Net cash used in investing activities	(138,155)^†	(101,912)	(84,822)^†	(84,863)^†
Cash flows from financing activities
Repayment of short-term debt	—	—	0^†	—
Proceeds from issuance of long-term debt	—	—	10,000^†	500,000^†
Repayment of long-term debt	(140,043)^†	(5,042)	(39,089)^†	(63,667)^†
Withheld shares for employee taxes on vested share-based compensation	0^†	(128)	0^†	0^†
Net proceeds from issuance of common stock	—	—	0^†	—
Preferred stock dividends of subsidiaries	0^†	0	(473)^†	(471)^†
Other	(3,260)^†	(2,887)	(3,117)^†	(10,929)^†
Net cash provided by (used in) financing activities-continuing operations	—	—	(68,047)^†	374,933^†
Net cash used in financing activities-discontinued operations	—	—	0^†	0^†
Net cash used in financing activities	(143,303)^†	(8,057)	(68,047)^†	374,933^†
Net decrease in cash, cash equivalents and restricted cash	(692,858)^†	(48,938)	(46,464)^†	390,322^†
Cash, cash equivalents and restricted cash, beginning of period	931,808	980,746	1,027,210	636,888
Cash, cash equivalents and restricted cash, end of period	238,950	931,808	—	1,027,210

† 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.