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Hawaiian Electric Industries (HE)

Hawaiian Electric Industries (HE)
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Hawaiian Electric Industries Inc. is a holding company with subsidiaries engaged in the electric utility, banking and other businesses operating primarily in the state of Hawaii. Electricity is provided by the company's 3 subsidiaries: The Hawaiian Electric Co., Maui Electric Co. and Hawaiian Electric Light Co. These utilities are engaged in the production, transmission, distribution, and sale of electricity. Hawaiian Electric's banking business centers around its subsidiary American Savings Holdings, Inc. and its subsidiary, American Savings Bank (ASB); HEI Properties, Inc.; Hawaiian Electric Industries Capital Trusts II and III, and The Old Oahu Tug Service, Inc. The company provides a wide array of banking services. Its Other businesses segment is composed of HEI's corporate-level operating, general and administrative expenses and the results of Pacific Current, LLC. The Other segment also includes ASB Hawaii, Inc.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Sales 3,086,900 3,219,850 3,682,170 3,741,990 2,850,380
Sales Growth -4.13% -12.56% -1.60% +31.28% +10.49%
Net Income 126,280 -1,424,120 201,130 243,030 248,060
Net Income Growth +108.87% -808.06% -17.24% -2.03% +24.21%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Total Assets 8,922,880 8,931,420 17,243,820 16,284,240 15,822,640
Total Assets Growth -0.10% -48.21% +5.89% +2.92% +5.46%
Total Liabilities 7,316,960 7,452,330 14,898,980 14,081,750 13,431,750
Total Liabilities Growth -1.82% -49.98% +5.80% +4.84% +6.04%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Operating Cash Flow 391,070 428,110 551,470 454,480 375,670
Operating Cash Flow Growth -8.65% -22.37% +21.34% +20.98% -12.51%
Net Cash Flow -741,070 55,960 474,620 -111,590 -53,430
Change in Net Cash Flow -1,424.29% -88.21% +525.32% -108.85% -146.98%
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