Hawaiian Electric Industries, Inc. (HE)

NYSE: HE · Electric Services · Honolulu, HI · filing with the SEC since 1994

Grade3.6

◀ Past 2.5● Present 3.7▶ Future 4.5

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Feb 24, 2025	Feb 29, 2024	Feb 27, 2023	Feb 25, 2022	Feb 26, 2021	Feb 28, 2020	Feb 28, 2019	Mar 1, 2018	Feb 24, 2017
Revenue	3,086,896	3,219,850	3,287,503^r	3,420,917^r	2,850,379	2,579,775	2,873,948^r	2,860,849	2,555,625	2,380,654
For lenders
Interest and dividend income	·	·	58,095	58,044	43,464	30,529	32,922^r	37,762	28,823	19,184
Interest and investment income	36,929	19,362	9,105	0	0	·	·	3,400	·	·
Provision for credit losses	·	·	·	·	-25,825	50,811	23,480	14,745	10,901	16,763
Total costs and expenses	2,851,574	4,926,610	3,012,511^r	3,141,362^r	2,464,313	2,268,282	2,525,927	2,527,493	2,209,392^r	2,024,816^r
Operating income	235,322	-1,706,760	274,992^r	279,555^r	386,066	311,493	348,021^r	333,356	346,233^r	355,838^r
Interest expense	117,334	127,207	125,532	103,402	99,403	99,808	109,339	104,216	91,128	88,558
Income before income taxes	166,929	-1,791,595	182,300^r	201,954^r	310,863	240,624	271,409	254,461	276,580	373,841
Income tax expense	40,648	-470,962	34,534^r	38,915^r	62,807	40,910	51,637	50,797	109,393	123,695
Income from continuing operations	126,281	-1,320,633	147,766	163,039	·	·	·	·	·	·
Income from discontinued operations	0	-103,486	53,362	79,989	·	·	·	·	·	·
Net income including non-controlling interests	·	·	·	·	248,056	199,714	219,772	203,664	167,187	250,146
Net income	126,281	-1,424,119	201,128	243,028	248,056	199,714	·	·	·	·
Preferred dividends	3,161	1,890	1,890	1,890	1,890	1,890	·	·	·	·
Net income to common shareholders	123,120	-1,426,009	199,238	241,138	246,166	197,824	217,882	201,774	165,297	248,256
Earnings per share, basic	0.71	-11.23	1.82	2.20	2.25	1.81	2.00	1.85	1.52	2.30
Earnings per share, diluted	0.71	-11.23	1.81	2.20	2.25	1.81	1.99	1.85	1.52	2.29
Weighted average shares, basic	172,553	126,927	109,739	109,434	109,282	109,140	108,949	108,855	108,749	108,102
Weighted average shares, diluted	173,017	126,927	110,038	109,778	109,580	109,356	109,407	109,146	108,933	108,309

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanAndLeaseLosses
us-gaap:ProvisionForLoanLeaseAndOtherLosses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton HE · research, not advice