Hawaiian Electric Industries Inc (HE)

Name: Hawaiian Electric Industries Inc Financial Statements
Creator: Quarter Results

Utilities | Diversified Utilities

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$746M

Net Income

$30.5M

Operating Margin

7.2%

Free Cash Flow

$49.9M

Debt / Assets

82.0%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Hawaiian Electric Industries Inc (HE).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	746,447,000	744,070,000	486,949,000	938,383,000
Cost of Revenue	693,070,000	681,650,000	424,605,000	1,064,931,000
Gross Profit	53,377,000	62,420,000	62,344,000	-126,548,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	0	0	0	0
Operating Expenses	0	0	0	0
Operating Income	53,377,000	62,420,000	62,344,000	-126,548,000
Interest Expense	29,475,000	32,795,000	29,722,000	30,754,000
Income Before Tax	38,592,000	33,539,000	45,650,000	-149,234,000
Income Tax Expense	8,141,999	6,395,000	9,936,000	-45,303,000
Net Income	30,450,000	27,144,000	-67,772,000	-103,931,000
Per Share
EPS	0.18	0.15	-0.40	-0.91
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Hawaiian Electric Industries Inc (HE).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	3,086,896,000	3,219,850,000	3,287,503,000	3,741,985,000	2,850,379,000
Cost of Revenue	2,851,574,000	4,926,610,000	3,012,511,000	3,360,912,000	2,464,313,000
Gross Profit	235,321,999	-1,706,760,000	274,992,000	381,073,000	386,066,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	0	0	-4,768,000	-4,411,000	0
Operating Expenses	0	0	-15,164,000	-14,985,000	0
Operating Income	235,322,000	-1,706,760,000	274,992,000	381,073,000	386,066,000
Interest Expense	112,472,000	121,737,000	120,331,000	99,986,000	91,113,000
Income Before Tax	166,929,000	-1,791,595,000	182,300,000	304,195,000	310,863,000
Income Tax Expense	40,648,000	-470,962,000	34,534,000	61,167,000	62,807,000
Net Income	126,281,000	-1,424,119,000	201,128,000	243,028,000	248,056,000
Per Share
EPS	0.71	-11.23	1.82	2.20	2.25
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Hawaiian Electric Industries Inc (HE).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	980,746,000	750,535,000	679,546,000	199,877,000
Short Term Investments	0	0	1,404,000	1,429,667,000
Net Receivables	491,526,000	457,171,000	575,176,000	6,419,417,000
Inventory	0	0	0	-824,000
Total Current Assets	1,884,576,000	2,134,326,000	1,271,154,000	8,054,011,000
Property Plant Equipment	6,244,976,000	1,300,000	6,245,031,000	5,802,687,000
Goodwill and Intangibles	0	0	82,190,000	164,380,000
Total Assets	8,922,879,000	8,931,416,000	17,243,821,000	16,284,244,000
Liabilities
Account Payables	219,062,000	203,452,000	247,462,000	251,460,000
Short Term Debt	124,959,000	157,794,000	0	172,568,000
Total Current Liabilities	1,427,737,000	1,324,591,000	298,668,000	445,361,000
Long Term Debt	2,833,884,000	3,173,508,000	3,976,369,000	3,255,413,000
Total Liabilities	7,316,960,000	7,418,034,000	15,297,143,000	14,081,745,000
Shareholders Equity
Retained Earnings	-665,606,000	-788,916,000	926,720,000	845,830,000
Total Shareholders Equity	1,605,919,000	1,513,382,000	2,344,841,000	2,202,499,000

Balance sheet annual history for Hawaiian Electric Industries Inc (HE).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	980,746,000	750,535,000	679,546,000	199,877,000	305,551,000
Short Term Investments	0	0	1,404,000	1,429,667,000	2,574,618,000
Net Receivables	491,526,000	457,171,000	575,176,000	6,419,417,000	5,484,197,000
Inventory	0	0	0	-824,000	0
Total Current Assets	1,884,576,000	2,134,326,000	1,271,154,000	8,054,011,000	8,380,681,000
Property Plant Equipment	6,244,976,000	1,300,000	6,245,031,000	5,802,687,000	5,514,484,000
Goodwill and Intangibles	0	0	82,190,000	164,380,000	82,190,000
Total Assets	8,922,879,000	8,931,416,000	17,243,821,000	16,284,244,000	15,822,637,000
Liabilities
Account Payables	219,062,000	203,452,000	247,462,000	251,460,000	205,544,000
Short Term Debt	124,959,000	157,794,000	0	172,568,000	53,998,000
Total Current Liabilities	1,427,737,000	1,324,591,000	298,668,000	445,361,000	279,431,000
Long Term Debt	2,833,884,000	3,173,508,000	3,976,369,000	3,255,413,000	2,547,002,000
Total Liabilities	7,316,960,000	7,418,034,000	15,297,143,000	14,081,745,000	13,431,753,000
Shareholders Equity
Retained Earnings	-665,606,000	-788,916,000	926,720,000	845,830,000	757,921,000
Total Shareholders Equity	1,605,919,000	1,513,382,000	2,344,841,000	2,202,499,000	2,390,884,000

Cash flow quarterly history for Hawaiian Electric Industries Inc (HE).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	126,281,000	-1,224,367,000	201,128,000	243,028,000
Depreciation & Amortization	260,024,000	282,970,000	267,690,999	294,841,000
Stock Based Compensation	0	0	10,532,000	10,366,000
Change in Working Capital	-17,927,000	1,916,045,000	20,906,000	-43,634,000
Operating Cash Flow	391,073,000	465,733,000	551,471,000	454,476,000
Investing Activities
Capital Expenditure	-341,202,000	-329,479,000	-448,296,000	-344,037,000
Investments	-341,202,000	-329,479,000	-448,296,000	-344,037,000
Investing Cash Flow	-322,175,000	-317,631,000	-257,399,000	-1,128,682,000
Financing Activities
Debt Repayment	-273,564,000	-42,223,000	-158,905,000	-221,910,000
Common Stock Issued/Repurchased	-35,368,000	270,000	-1,148,000	9,936,000
Dividends Paid	-1,890,000	-27,995,000	-114,847,000	-155,119,000
Financing Cash Flow	-331,004,000	154,705,000	27,067,000	567,671,000
Summary
Free Cash Flow	49,871,000	136,254,000	103,175,000	110,439,000
Net Change in Cash	-262,106,000	76,071,000	489,647,000	-111,585,000

Cash flow annual history for Hawaiian Electric Industries Inc (HE).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	126,281,000	-1,224,367,000	201,128,000	243,028,000	248,056,000
Depreciation & Amortization	260,024,000	282,970,000	267,690,999	294,841,000	278,702,000
Stock Based Compensation	0	0	10,532,000	10,366,000	9,135,000
Change in Working Capital	-17,927,000	1,916,045,000	20,906,000	-43,634,000	-126,432,000
Operating Cash Flow	391,073,000	465,733,000	551,471,000	454,476,000	375,673,000
Investing Activities
Capital Expenditure	-341,202,000	-329,479,000	-448,296,000	-344,037,000	-314,524,000
Investments	-341,202,000	-329,479,000	-448,296,000	-344,037,000	0
Investing Cash Flow	-322,175,000	-317,631,000	-257,399,000	-1,128,682,000	-1,179,592,000
Financing Activities
Debt Repayment	-273,564,000	-42,223,000	-158,905,000	-221,910,000	-159,120,000
Common Stock Issued/Repurchased	-35,368,000	270,000	-1,148,000	9,936,000	0
Dividends Paid	-1,890,000	-27,995,000	-114,847,000	-155,119,000	-150,533,000
Financing Cash Flow	-331,004,000	154,705,000	27,067,000	567,671,000	756,402,000
Summary
Free Cash Flow	49,871,000	136,254,000	103,175,000	110,439,000	61,149,000
Net Change in Cash	-262,106,000	76,071,000	489,647,000	-111,585,000	-53,428,000