HEI 2016 Annual Report

Consolidated Statements of Changes in Common Stock Equity Hawaiian Electric Company, Inc. and Subsidiaries Premium on capital

Common stock (in thousands)

Shares

Amount

stock

Retained

Accumulated other comprehensive

earnings

income (loss)

Total

Balance, December 31, 2013

15,429

$ 102,880

$ 541,452

Net income for common stock

—

—

—

137,641

Other comprehensive loss, net of tax benefits

—

—

—

—

376

2,508

37,486

—

—

—

Balance, December 31, 2014

15,805

105,388

578,938

997,773

45

1,682,144

Net income for common stock

—

—

—

135,714

—

135,714

Other comprehensive income, net of taxes

—

—

—

—

880

880

Common stock issuance expenses

—

—

(8)

—

—

Issuance of common stock, net of expenses Common stock dividends

Common stock dividends

$

948,624

—

—

—

105,388

578,930

1,043,082

Net income for common stock

—

—

—

142,317

Other comprehensive loss, net of tax benefits

—

—

—

—

215

1,430

22,561

—

—

—

16,020

$ 106,818

$ 601,491

Common stock dividends Balance, December 31, 2016

(90,405)

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

95

$

137,641 (563)

—

39,994 (88,492)

(8) (90,405)

925

1,728,325

—

142,317

(1,247)

—

1,593,564

—

—

(93,599) $ 1,091,800

$

—

—

15,805

608 (563)

(88,492)

Balance, December 31, 2015

Issuance of common stock, net of expenses

$

(1,247)

—

23,991

—

(93,599)

(322) $

1,799,787