HEI 2019 Annual Report

Page 101

Consolidated Statements of Changes in Shareholders’ Equity Hawaiian Electric Industries, Inc. and Subsidiaries

Common stock (in thousands, except per share amounts)

Shares

Balance, December 31, 2016

108,583

Retained earnings

Amount

$ 1,660,910

Accumulated other comprehensive income (loss)

$

438,972

$

Total

(33,129) $ 2,066,753

Net income for common stock

165,297

Other comprehensive loss, net of tax benefits

(1,372)

Reclass of AOCI for tax rate reduction impact

7,440

(7,440)

165,297 (1,372) —

Issuance of common stock: Share-based plans Share-based expenses and other, net Common stock dividends ($1.24 per share) Balance, December 31, 2017

205

4,664

4,664

(3,083)

(3,083)

108,788

1,662,491

(134,873) 476,836

Net income for common stock

201,774

Other comprehensive loss, net of tax benefits Issuance of common stock:

— (41,941) — (8,669)

(134,873) 2,097,386 201,774 (8,669)

Share-based plans

91

2,650

2,650

Share-based expenses and other, net

4,126

4,126

Common stock dividends ($1.24 per share) Balance, December 31, 2018

108,879

1,669,267

(134,987) 543,623

— (50,610)

(134,987) 2,162,280

Net income for common stock

217,882

217,882

Other comprehensive income, net of taxes

30,571

30,571

94

3,092

3,092

Share-based expenses and other, net

5,898

Common stock dividends ($1.28 per share)

108,973

$ 1,678,257

Issuance of common stock: Share-based plans

Balance, December 31, 2019

— $

622,042

The accompanying notes are an integral part of these consolidated financial statements.

81

(139,463)

— $

5,898 (139,463)

(20,039) $ 2,280,260


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