Consolidated Balance Sheets Hawaiian Electric Industries, Inc. and Subsidiaries December 31 (dollars in thousands) ASSETS Cash and cash equivalents Restricted cash Accounts receivable and unbilled revenues, net Available-for-sale investment securities, at fair value Held-to-maturity investment securities, at amortized cost Stock in Federal Home Loan Bank, at cost Loans held for investment, net Loans held for sale, at lower of cost or fair value Property, plant and equipment, net Land Plant and equipment Construction in progress
2019
$
$
Less – accumulated depreciation Operating lease right-of-use assets Regulatory assets Other Goodwill Total assets LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities Accounts payable Interest and dividends payable Deposit liabilities Short-term borrowings—other than bank Other bank borrowings Long-term debt, net—other than bank Deferred income taxes Operating lease liabilities Regulatory liabilities Defined benefit pension and other postretirement benefit plans liability
100,161 7,545,083 229,953 7,875,197 (2,765,569)
$
$
$
196,813 30,872 300,794 1,232,826 139,451 8,434 5,067,821 12,286
2,481 (1,613) (20,907)
5,109,628 199,171 715,080 649,885 82,190 13,745,251
102,925 7,118,709 267,714 7,489,348 (2,659,230)
$
220,633 24,941 6,271,902 185,710 115,110 1,964,365 379,324 199,571 972,310
$
169,208 — 325,672 1,388,533 141,875 9,958 4,790,902 1,805
4,830,118 — 833,426 530,364 82,190 13,104,051
214,773 28,254 6,158,852 73,992 110,040 1,879,641 372,518 — 950,236
513,287 583,545 11,430,698
538,384 580,788 10,907,478
34,293
34,293
—
—
1,678,257 622,042
1,669,267 543,623 $
$
(20,039) 2,280,260 13,745,251
The accompanying notes are an integral part of these consolidated financial statements. 80
$
$
Other Total liabilities Preferred stock of subsidiaries - not subject to mandatory redemption Commitments and contingencies (Notes 3 and 4) Shareholders’ equity Preferred stock, no par value, authorized 10,000,000 shares; issued: none Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 108,973,328 shares and 108,879,245 shares at December 31, 2019 and 2018, respectively Retained earnings Accumulated other comprehensive loss, net of tax benefits Net unrealized gains (losses) on securities Unrealized losses on derivatives Retirement benefit plans Total shareholders’ equity Total liabilities and shareholders’ equity
2018
(24,423) (436) (25,751) $
(50,610) 2,162,280 13,104,051