Hawaiian Electric Industries (HE) Financials

$10.69 -0.18 (-1.66%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$10.72 +0.03 (+0.24%)

As of 05/30/2025 08:00 PM Eastern

Annual Income Statements for Hawaiian Electric Industries

This table shows Hawaiian Electric Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-1,324	144	159	244	198	218	204	165	248	160	168
Consolidated Net Income / (Loss)	-1,321	148	163	248	200	220	204	167	250	162	170
Net Income / (Loss) Continuing Operations	-1,321	148	163	248	200	220	204	167	250	162	170
Total Pre-Tax Income	-1,792	182	202	311	241	271	254	277	374	255	266
Total Operating Income	-1,707	275	280	386	311	348	333	346	356	323	333
Total Gross Profit	3,220	3,288	3,421	2,850	2,580	2,874	2,861	346	356	323	333
Total Revenue	3,220	3,288	3,421	2,850	2,580	2,874	2,861	2,556	2,381	2,603	3,240
Operating Revenue	3,220	3,288	3,421	2,850	2,580	2,874	2,861	2,556	2,381	2,603	3,240
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,209	2,025	2,280	2,907
Total Operating Expenses	4,927	3,013	3,141	2,464	2,271	2,526	2,527	0.00	0.00	0.00	0.00
Other Operating Expenses / (Income)	4,927	3,013	3,141	2,464	-	2,526	2,527	-	-	-	-
Total Other Income / (Expense), net	-85	-93	-78	-75	-68	-77	-79	-70	18	-68	-67
Interest Expense	122	120	100	91	86	86	84	74	73	75	74
Interest & Investment Income	33	24	19	10	18	13	11	12	8.33	6.93	6.77
Other Income / (Expense), net	3.75	4.01	3.69	5.85	-	-2.81	-5.96	-7.94	82	-	0.00
Income Tax Expense	-471	35	39	63	41	52	51	109	124	93	96
Preferred Stock Dividends Declared	3.78	3.78	3.78	3.78	1.89	-	-	1.89	-	-	-
Basic Earnings per Share	($11.23)	$1.82	$2.20	$2.25	$1.81	$2.00	$1.85	$1.52	$2.30	$1.50	$1.65
Weighted Average Basic Shares Outstanding	126.93M	109.74M	109.43M	109.28M	109.14M	108.95M	108.86M	108.75M	108.10M	106.42M	101.97M
Diluted Earnings per Share	($11.23)	$1.81	$2.20	$2.25	$1.81	$1.99	$1.85	$1.52	$2.29	$1.50	$1.63
Weighted Average Diluted Shares Outstanding	126.93M	110.04M	109.78M	109.58M	109.36M	109.41M	109.15M	108.93M	108.31M	106.72M	102.94M
Weighted Average Basic & Diluted Shares Outstanding	190.32M	128.01M	127.33M	127.07M	126.51M	126.02M	125.69M	108.70M	107.90M	106.60M	101.90M

This table shows Hawaiian Electric Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,329	-104	-2,591	42	-6.46	41	55	55	-78	62
Consolidated Net Income / (Loss)	1,331	-104	-2,590	43	-4.10	42	55	55	672	63
Net Income / (Loss) Continuing Operations	1,331	-104	-2,590	43	-4.10	42	55	55	672	63
Total Pre-Tax Income	1,788	-149	-3,485	54	-6.48	49	69	70	-32	80
Total Operating Income	1,781	-127	-3,438	76	13	75	93	94	677	102
Total Gross Profit	-410	938	1,795	897	562	902	896	928	1,384	1,042
Total Revenue	-410	938	1,795	897	562	902	896	928	698	1,042
Operating Revenue	-410	938	1,795	897	562	902	896	928	698	1,042
Total Operating Expenses	-2,189	1,064	5,233	819	552	826	802	834	709	939
Total Other Income / (Expense), net	-14	-24	-23	-23	-16	-27	-25	-24	-13	-23
Interest Expense	30	31	31	30	33	31	29	28	26	26
Interest & Investment Income	13	6.96	6.47	6.77	13	4.00	3.77	3.30	11	2.55
Income Tax Expense	457	-45	-895	12	-2.38	7.52	14	15	-9.48	17
Preferred Stock Dividends Declared	1.89	0.47	0.95	0.47	2.36	0.47	0.47	0.47	-	0.47
Basic Earnings per Share	$1.04	($0.91)	($11.74)	$0.38	$0.45	$0.37	$0.50	$0.50	$0.52	$0.57
Weighted Average Basic Shares Outstanding	126.93M	114.36M	110.30M	110.22M	109.74M	109.73M	109.57M	109.51M	109.43M	109.47M
Diluted Earnings per Share	$1.04	($0.91)	($11.74)	$0.38	$0.44	$0.37	$0.50	$0.50	$0.52	$0.57
Weighted Average Diluted Shares Outstanding	126.93M	114.36M	110.30M	110.48M	110.04M	109.92M	109.78M	109.83M	109.78M	109.71M
Weighted Average Basic & Diluted Shares Outstanding	190.32M	190.32M	128.16M	128.16M	128.01M	127.98M	127.47M	127.43M	127.33M	127.22M

This table details how cash moves in and out of Hawaiian Electric Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	901	490	-107	-48	131	89	111	-17	-22	125	-44
Net Cash From Operating Activities	487	551	454	376	429	512	499	420	496	357	325
Net Cash From Continuing Operating Activities	428	443	334	376	429	527	409	420	496	357	325
Net Income / (Loss) Continuing Operations	-1,321	148	163	248	200	220	204	167	250	162	170
Consolidated Net Income / (Loss)	-1,424	201	243	248	200	220	204	167	250	162	170
Net Income / (Loss) Discontinued Operations	-103	53	80	-	-	-	-	-	-	-	-
Depreciation Expense	262	255	244	246	238	230	214	201	194	184	173
Amortization Expense	32	27	26	33	53	48	42	21	10	12	10
Non-Cash Adjustments To Reconcile Net Income	29	-7.74	-11	-12	18	12	14	17	13	19	9.51
Changes in Operating Assets and Liabilities, net	1,426	21	-89	-139	-79	-98	295	15	28	-19	-37
Net Cash From Discontinued Operating Activities	59	108	121	-	-	-	-	-	-	-	-
Net Cash From Investing Activities	258	-257	-1,129	-1,180	-1,414	-542	-792	-815	-736	-706	-592
Net Cash From Continuing Investing Activities	-334	-436	-351	-1,180	-1,414	-444	-523	-815	-736	-706	-592
Purchase of Property, Plant & Equipment	-344	-443	-339	-315	-384	-	-	-430	-330	-364	-365
Acquisitions	0.00	0.00	-26	0.00	0.00	-	-	-76	0.00	0.00	-
Other Investing Activities, net	10	6.56	14	-33	-24	-13	-14	21	-171	-135	-241
Net Cash From Discontinued Investing Activities	592	179	-778	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	155	196	568	756	1,116	88	200	378	219	474	223
Net Cash From Continuing Financing Activities	498	203	5.73	756	1,116	5.99	224	378	219	474	223
Repayment of Debt	-112	-410	-140	-162	-459	-1.84	-21	-610	-451	-66	-187
Payment of Dividends	-1.89	-76	-113	-151	-146	141	139	-137	-119	-134	-128
Issuance of Debt	55	690	262	286	611	788	450	787	298	132	269
Issuance of Common Equity	557	1.22	0.00	0.00	-	36	143	-	13	104	27
Other Financing Activities, net	-1.07	-2.37	-3.17	783	1,109	-	-	338	521	399	251
Net Cash From Discontinued Financing Activities	-343	-7.57	562	-	-	-	-	-	-	-	-

This table details how cash moves in and out of Hawaiian Electric Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	422	606	64	-192	12	363	-0.16	115	26	14
Net Cash From Operating Activities	137	157	69	125	76	104	191	181	241	138
Net Cash From Continuing Operating Activities	77	157	69	125	-32	104	191	181	121	138
Net Income / (Loss) Continuing Operations	36	-104	-1,295	43	-4.10	42	55	55	-22	63
Consolidated Net Income / (Loss)	-68	-104	-1,295	43	49	42	55	55	58	63
Depreciation Expense	57	68	68	69	54	67	67	67	54	64
Amortization Expense	-5.29	13	13	12	-5.43	11	11	10	-2.99	9.78
Non-Cash Adjustments To Reconcile Net Income	-82	38	77	-3.80	-13	5.97	-0.60	-0.01	-6.87	-0.62
Changes in Operating Assets and Liabilities, net	72	143	1,206	4.98	-63	-23	58	49	98	2.66
Net Cash From Investing Activities	282	-58	39	-5.59	112	-87	-145	-137	-334	-298
Net Cash From Continuing Investing Activities	-310	-58	39	-5.59	-67	-87	-145	-137	444	-298
Purchase of Property, Plant & Equipment	-86	-79	-80	-100	-100	-106	-112	-124	-103	-89
Other Investing Activities, net	7.41	43	-48	7.64	73	-12	-20	-34	92	-74
Net Cash From Financing Activities	2.85	507	-44	-311	-176	346	-45	71	118	174
Net Cash From Continuing Financing Activities	346	507	-44	-311	-169	346	-45	71	-444	174
Repayment of Debt	469	-13	-1.77	-566	14	-9.64	-355	-59	-117	-7.52
Payment of Dividends	-0.47	-0.47	-0.47	-0.47	39	-35	-40	-40	3.22	-39
Issuance of Debt	-270	0.53	-73	398	-266	329	515	112	-243	215
Issuance of Common Equity	-0.11	-	-	-	0.79	-	-	-	-	-
Other Financing Activities, net	147	-37	31	-142	44	61	-166	59	-87	5.27

This table presents Hawaiian Electric Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	8,931	17,244	16,284	7,158	5,409	6,389	13,104	12,534	12,426	11,782	11,185
Total Current Assets	2,134	1,206	2,147	350	16	624	1,856	1,709	1,343	1,063	873
Cash & Equivalents	751	244	200	-	-	11	-	-	-	-	-
Restricted Cash	492	15	5.05	5.91	16	31	0.00	-	-	-	-
Accounts Receivable	457	547	512	344	0.00	282	326	263	238	243	314
Other Current Assets	434	400	-	-	0.00	31	-	-	-	-	-
Plant, Property, & Equipment, net	6,134	5,963	5,687	5,392	5,266	4,802	4,830	4,460	4,603	4,378	4,149
Plant, Property & Equipment, gross	9,513	9,204	8,880	8,420	5,266	7,485	7,489	7,014	7,048	6,717	6,400
Accumulated Depreciation	3,378	3,241	3,193	3,028	0.00	2,690	2,659	2,553	2,444	2,339	2,251
Total Noncurrent Assets	663	10,075	8,450	1,416	128	963	6,418	6,365	6,479	6,341	6,164
Noncurrent Note & Lease Receivables	67	80	27	10	-	-	4,801	4,627	4,694	4,576	4,458
Other Noncurrent Operating Assets	596	429	7,089	1,323	128	963	1,535	1,656	1,702	1,682	1,623
Other Noncurrent Nonoperating Assets	0.00	9,566	-	-	-	-	-	-	-	-	-
Total Liabilities & Shareholders' Equity	8,931	17,244	16,284	15,418	1,660	6,389	13,104	12,534	12,426	11,782	11,185
Total Liabilities	7,418	14,865	14,047	13,397	65	2,905	10,907	10,402	10,324	9,820	9,360
Total Current Liabilities	1,325	759	8,594	8,432	65	763	6,448	6,202	5,692	5,267	4,929
Short-Term Debt	158	16	173	54	0.00	185	74	118	0.00	103	119
Accounts Payable	203	199	251	206	0.00	188	215	194	143	139	186
Accrued Expenses	479	75	-	-	-	-	-	-	-	-	-
Dividends Payable	27	28	-	-	-	-	-	-	-	-	-
Other Current Liabilities	457	440	-	-	65	182	-	-	-	-	-
Total Noncurrent Liabilities	6,093	14,106	5,454	4,561	0.00	2,142	4,460	4,200	4,632	4,553	4,431
Long-Term Debt	2,690	2,826	3,080	2,410	0.00	-	1,990	1,875	1,812	1,907	1,797
Capital Lease Obligations	483	401	-	-	-	113	-	-	-	-	-
Asset Retirement Reserve & Litigation Obligation	1,218	1,114	-	-	0.00	942	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	402	262	-	0.00	495	373	388	729	681	634
Noncurrent Employee Benefit Liabilities	23	78	72	348	0.00	479	538	510	639	590	633
Other Noncurrent Operating Liabilities	1,679	248	2,018	1,803	0.00	113	1,531	1,402	1,428	1,349	1,343
Other Noncurrent Nonoperating Liabilities	0.00	9,037	21	-	-	-	28	26	25	26	25
Commitments & Contingencies	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	34	34	34	34	34	34	34	34	34	34	34
Total Equity & Noncontrolling Interests	1,479	2,345	2,202	2,391	1,561	3,449	2,162	2,097	2,067	1,928	1,791
Total Preferred & Common Equity	1,479	2,345	2,202	2,391	1,561	3,449	2,162	2,097	2,067	1,928	1,791
Preferred Stock	0.00	0.00	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,479	2,345	2,202	2,391	1,561	3,449	2,162	2,097	2,067	1,928	1,791
Common Stock	2,265	1,707	1,693	1,685	-	2,047	1,669	1,662	1,661	1,629	1,521
Retained Earnings	-789	927	846	758	-	-	544	477	439	325	297
Accumulated Other Comprehensive Income / (Loss)	3.46	-289	-336	-53	-	-	-51	-42	-33	-26	-27

This table presents Hawaiian Electric Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	17,731	17,055	16,923	16,992	16,519	7,687	5,698
Total Current Assets	2,787	2,119	2,067	2,491	3,322	755	3.90
Cash & Equivalents	1,160	550	485	667	314	315	-
Restricted Cash	14	16	18	15	5.10	4.22	3.90
Short-Term Investments	1,084	1,062	1,092	1,266	2,593	-	-
Accounts Receivable	527	476	469	540	409	435	0.00
Other Current Nonoperating Assets	2.70	14	2.92	2.17	-	-	-
Plant, Property, & Equipment, net	6,296	6,299	6,184	5,917	5,868	5,779	5,600
Total Noncurrent Assets	8,648	8,638	8,673	8,584	7,329	1,154	94
Long-Term Investments	1,159	1,179	1,191	1,212	-	-	-
Noncurrent Note & Lease Receivables	29	29	32	18	6,087	10	-
Goodwill	0.00	0.00	82	82	82	82	-
Other Noncurrent Operating Assets	7,460	7,430	7,367	7,271	1,160	1,061	94
Total Liabilities & Shareholders' Equity	17,731	17,055	16,923	16,992	16,519	16,041	2,211
Total Liabilities	16,120	15,936	14,512	14,733	14,236	14,172	19
Total Current Liabilities	8,255	8,285	8,254	8,481	8,463	8,617	19
Accounts Payable	256	249	249	256	254	238	0.00
Customer Deposits	7,999	8,036	8,005	8,224	8,163	8,231	-
Total Noncurrent Liabilities	7,865	7,651	6,258	6,252	5,772	5,152	0.00
Long-Term Debt	3,357	3,358	3,431	3,695	3,322	3,162	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	299	259	273	-	0.00
Noncurrent Employee Benefit Liabilities	83	83	85	71	71	71	0.00
Other Noncurrent Operating Liabilities	4,375	4,175	2,382	2,170	1,949	1,919	0.00
Other Noncurrent Nonoperating Liabilities	50	35	61	58	33	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	0.00
Redeemable Noncontrolling Interest	34	34	34	34	34	34	34
Total Equity & Noncontrolling Interests	1,577	1,085	2,377	2,224	2,249	2,238	2,158
Total Preferred & Common Equity	1,577	1,085	2,377	2,224	2,249	2,238	2,158
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Common Equity	1,577	1,085	2,377	2,224	2,249	2,238	2,158
Common Stock	2,266	1,709	1,708	1,704	1,696	1,692	0.00
Retained Earnings	-431	-327	969	878	876	861	827
Accumulated Other Comprehensive Income / (Loss)	-258	-298	-299	-358	-323	-316	-

This table displays calculated financial ratios and metrics derived from Hawaiian Electric Industries' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.06%	-3.90%	20.02%	10.49%	-10.24%	0.46%	11.94%	7.35%	-8.54%	-19.65%	0.03%
EBITDA Growth	-351.10%	1.38%	-17.44%	11.35%	-3.38%	6.91%	4.06%	-12.85%	24.08%	0.48%	6.34%
EBIT Growth	-710.38%	-1.50%	-27.73%	25.82%	-9.77%	5.44%	-3.22%	-22.80%	35.85%	-3.02%	4.75%
NOPAT Growth	-636.00%	-1.24%	-26.74%	19.16%	-8.26%	5.62%	27.48%	-12.10%	16.26%	-3.81%	2.40%
Net Income Growth	-993.73%	-9.37%	-34.27%	24.21%	-9.13%	7.91%	21.82%	-33.16%	54.63%	-4.85%	3.92%
EPS Growth	-720.44%	-17.73%	-2.22%	24.31%	-9.05%	7.57%	21.71%	-33.16%	54.63%	-7.98%	0.62%
Operating Cash Flow Growth	-11.60%	21.34%	20.98%	-12.51%	-16.21%	2.64%	18.76%	-15.18%	38.90%	9.66%	-10.00%
Free Cash Flow Firm Growth	101.91%	65.09%	-164.07%	777.54%	-90.07%	-428.41%	-36.87%	-42.06%	147.95%	130.26%	144.52%
Invested Capital Growth	-25.36%	85.32%	177.70%	-163.37%	42.48%	35.59%	1.99%	-4.53%	-10.85%	-0.94%	3.58%
Revenue Q/Q Growth	-29.80%	-12.21%	-2.07%	4.32%	-2.78%	-1.23%	3.74%	1.64%	-0.28%	-6.00%	-1.29%
EBITDA Q/Q Growth	54.20%	-58.41%	2,857.62%	-59.68%	256.97%	3.76%	1.10%	31.34%	-7.13%	3.45%	-1.63%
EBIT Q/Q Growth	49.87%	-73.18%	191.70%	-71.64%	146.34%	5.13%	-0.51%	-4.73%	27.76%	4.90%	-3.56%
NOPAT Q/Q Growth	49.76%	-73.50%	192.22%	-72.36%	146.64%	6.20%	10.87%	-8.38%	-30.58%	-33.40%	-3.20%
Net Income Q/Q Growth	49.25%	-83.65%	116.33%	-86.16%	125.35%	8.56%	9.23%	-6.83%	14.58%	-11.22%	-3.38%
EPS Q/Q Growth	5.07%	-4.23%	0.92%	10.84%	-33.70%	6.99%	8.82%	-6.83%	14.58%	5.63%	-4.68%
Operating Cash Flow Q/Q Growth	14.10%	-23.05%	41.38%	-2.26%	-11.15%	-12.11%	39.47%	220.46%	-39.57%	2.15%	4.25%
Free Cash Flow Firm Q/Q Growth	103.40%	-154.95%	35.86%	4.82%	-71.06%	-1,160.03%	116.39%	-56.02%	-3.30%	-28.82%	246.07%
Invested Capital Q/Q Growth	127.01%	70.71%	-53.77%	-9.53%	21.07%	-10.49%	-30.68%	10.93%	-4.85%	-1.84%	-1.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	13.55%	14.95%	12.39%	10.27%
EBITDA Margin	-43.77%	17.07%	16.18%	23.53%	23.35%	21.69%	20.38%	21.92%	27.01%	19.91%	15.92%
Operating Margin	-53.01%	8.36%	8.17%	13.54%	12.07%	12.11%	11.65%	13.55%	14.95%	12.39%	10.27%
EBIT Margin	-52.89%	8.49%	8.28%	13.75%	12.07%	12.01%	11.44%	13.24%	18.41%	12.39%	10.27%
Profit (Net Income) Margin	-41.02%	4.49%	4.77%	8.70%	7.74%	7.65%	7.12%	6.54%	10.51%	6.21%	5.25%
Tax Burden Percent	73.71%	81.06%	80.73%	79.80%	83.00%	80.97%	80.04%	60.45%	66.91%	63.49%	64.01%
Interest Burden Percent	105.20%	65.34%	71.30%	79.32%	77.25%	78.62%	77.72%	81.76%	85.32%	78.99%	79.86%
Effective Tax Rate	0.00%	18.94%	19.27%	20.20%	17.00%	19.03%	19.96%	39.55%	33.09%	36.51%	35.99%
Return on Invested Capital (ROIC)	-28.14%	5.96%	0.00%	31.56%	5.70%	8.67%	9.77%	7.56%	7.92%	6.41%	6.75%
ROIC Less NNEP Spread (ROIC-NNEP)	-33.62%	0.72%	0.00%	37.37%	2.75%	-6.49%	-1.37%	1.10%	9.16%	3.10%	3.60%
Return on Net Nonoperating Assets (RNNOA)	-39.71%	0.45%	0.00%	-19.23%	2.16%	-0.94%	-0.36%	0.34%	4.39%	2.13%	2.73%
Return on Equity (ROE)	-67.86%	6.40%	6.99%	12.34%	7.86%	7.74%	9.41%	7.90%	12.31%	8.54%	9.48%
Cash Return on Invested Capital (CROIC)	0.90%	-53.85%	-220.10%	0.00%	-29.34%	-21.54%	7.80%	12.19%	19.39%	7.36%	3.24%
Operating Return on Assets (OROA)	-13.01%	1.66%	2.42%	6.24%	5.28%	3.54%	2.55%	2.71%	3.62%	2.81%	3.09%
Return on Assets (ROA)	-10.09%	0.88%	1.39%	3.95%	3.39%	2.25%	1.59%	1.34%	2.07%	1.41%	1.58%
Return on Common Equity (ROCE)	-66.66%	6.31%	6.89%	12.13%	7.76%	7.65%	9.26%	7.77%	12.11%	8.39%	9.30%
Return on Equity Simple (ROE_SIMPLE)	-89.29%	6.30%	7.40%	10.38%	12.79%	6.37%	9.42%	7.97%	12.10%	8.39%	9.50%
Net Operating Profit after Tax (NOPAT)	-1,195	223	226	308	259	282	267	209	238	205	213
NOPAT Margin	-37.11%	6.78%	6.60%	10.81%	10.02%	9.81%	9.33%	8.19%	10.00%	7.87%	6.57%
Net Nonoperating Expense Percent (NNEP)	5.48%	5.24%	-2.31%	-5.80%	2.95%	15.17%	11.13%	6.46%	-1.24%	3.31%	3.16%
Return On Investment Capital (ROIC_SIMPLE)	-24.84%	3.99%	4.14%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	86.45%	85.05%	87.61%	89.73%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	88.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	153.01%	91.64%	91.83%	86.46%	88.05%	87.89%	88.35%	0.00%	0.00%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	-1,703	279	283	392	311	345	327	338	438	323	333
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1,409	561	554	671	602	623	583	560	643	518	516
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.25	0.77	2.31	2.03	2.56	1.48	1.78	2.18	1.94	1.73	1.99
Price to Tangible Book Value (P/TBV)	1.25	0.77	2.40	2.11	2.56	1.48	1.85	2.27	2.02	1.81	2.08
Price to Revenue (P/Rev)	0.58	0.55	1.49	1.71	1.55	1.77	1.34	1.79	1.69	1.28	1.10
Price to Earnings (P/E)	0.00	12.61	32.01	19.91	20.21	23.40	18.87	27.64	16.17	20.92	21.15
Dividend Yield	0.00%	10.08%	4.36%	3.54%	5.07%	3.78%	4.45%	4.20%	4.63%	5.43%	4.51%
Earnings Yield	0.00%	7.93%	3.12%	5.02%	4.95%	4.27%	5.30%	3.62%	6.19%	4.78%	4.73%
Enterprise Value to Invested Capital (EV/IC)	1.10	0.99	2.10	0.00	0.75	1.44	1.60	1.90	1.68	1.44	1.55
Enterprise Value to Revenue (EV/Rev)	1.23	1.47	1.61	2.58	1.56	1.88	1.54	2.02	2.00	1.75	1.53
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.61	9.93	10.97	6.67	8.65	7.57	9.19	7.39	8.82	9.61
Enterprise Value to EBIT (EV/EBIT)	0.00	17.33	19.41	18.77	12.89	15.61	13.47	15.22	10.85	14.16	14.90
Enterprise Value to NOPAT (EV/NOPAT)	0.00	21.69	24.36	23.88	15.54	19.12	16.53	24.61	19.97	22.30	23.28
Enterprise Value to Operating Cash Flow (EV/OCF)	8.15	8.77	12.10	19.58	9.35	10.52	8.83	12.25	9.59	12.80	15.23
Enterprise Value to Free Cash Flow (EV/FCFF)	103.47	0.00	0.00	0.82	0.00	0.00	20.70	15.26	8.16	19.44	48.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.20	1.36	1.45	1.02	0.00	0.09	0.94	0.93	0.86	1.02	1.05
Long-Term Debt to Equity	2.10	1.36	1.38	0.99	0.00	0.03	0.91	0.88	0.86	0.97	0.98
Financial Leverage	1.18	0.62	-1.16	-0.51	0.79	0.14	0.26	0.31	0.48	0.69	0.76
Leverage Ratio	6.72	7.26	5.03	3.13	2.32	3.43	5.92	5.90	5.96	6.07	6.00
Compound Leverage Factor	7.07	4.75	3.59	2.48	1.79	2.70	4.60	4.82	5.08	4.79	4.79
Debt to Total Capital	68.76%	57.69%	59.25%	50.40%	0.00%	7.89%	48.44%	48.31%	46.30%	50.61%	51.22%
Short-Term Debt to Total Capital	3.26%	0.29%	3.14%	1.10%	0.00%	4.89%	1.74%	2.86%	0.00%	2.59%	3.18%
Long-Term Debt to Total Capital	65.51%	57.39%	56.11%	49.30%	0.00%	3.00%	46.70%	45.45%	46.30%	48.01%	48.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.71%	0.61%	0.62%	0.70%	2.15%	0.91%	0.81%	0.83%	0.88%	0.86%	0.92%
Common Equity to Total Capital	30.53%	41.70%	40.12%	48.90%	97.85%	91.20%	50.75%	50.85%	52.82%	48.53%	47.86%
Debt to EBITDA	-2.36	5.78	5.88	3.67	0.00	0.48	3.54	3.56	2.82	3.88	3.72
Net Debt to EBITDA	-1.48	5.32	0.66	3.67	0.00	0.41	0.91	0.98	1.10	2.30	2.65
Long-Term Debt to EBITDA	-2.25	5.75	5.56	3.59	0.00	0.18	3.41	3.35	2.82	3.68	3.49
Debt to NOPAT	-2.79	14.55	14.41	8.00	0.00	1.06	7.73	9.52	7.61	9.81	9.00
Net Debt to NOPAT	-1.75	13.39	1.62	7.98	0.00	0.91	2.00	2.61	2.97	5.81	6.41
Long-Term Debt to NOPAT	-2.66	14.48	13.65	7.82	0.00	0.40	7.46	8.96	7.61	9.31	8.44
Altman Z-Score	-0.13	0.42	0.08	-0.41	37.72	1.66	0.15	0.18	0.17	0.13	0.22
Noncontrolling Interest Sharing Ratio	1.76%	1.49%	1.47%	1.71%	1.35%	1.21%	1.58%	1.62%	1.69%	1.81%	1.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.59	0.25	0.04	0.25	0.82	0.29	0.28	0.24	0.20	0.18
Quick Ratio	0.91	1.04	0.25	0.04	0.00	0.38	0.29	0.28	0.24	0.20	0.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	38	-2,016	-5,775	9,013	-1,330	-700	213	338	583	235	102
Operating Cash Flow to CapEx	141.61%	124.56%	133.93%	132.83%	120.35%	0.00%	0.00%	98.68%	154.79%	120.98%	96.17%
Free Cash Flow to Firm to Interest Expense	0.32	-16.75	-57.75	98.93	-15.52	-8.10	2.54	4.55	8.02	3.15	1.38
Operating Cash Flow to Interest Expense	4.00	4.58	4.55	4.12	5.01	5.93	5.96	5.67	6.82	4.78	4.41
Operating Cash Flow Less CapEx to Interest Expense	1.18	0.90	1.15	1.02	0.85	11.22	12.37	-0.08	2.41	0.83	-0.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.20	0.29	0.45	0.44	0.29	0.22	0.20	0.20	0.23	0.30
Accounts Receivable Turnover	6.41	6.21	7.99	0.00	0.00	9.47	9.72	10.20	9.90	9.36	9.81
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.53	0.56	0.62	0.53	0.51	0.60	0.62	0.56	0.53	0.61	0.81
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.11	14.37	14.04	14.58
Days Sales Outstanding (DSO)	56.90	58.77	45.67	0.00	0.00	38.56	37.57	35.79	36.85	39.01	37.21
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27.84	25.40	26.01	25.03
Cash Conversion Cycle (CCC)	56.90	58.77	45.67	0.00	0.00	38.56	37.57	7.95	11.45	13.01	12.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,629	4,862	2,624	-3,377	5,329	3,740	2,758	2,704	2,833	3,177	3,208
Invested Capital Turnover	0.76	0.88	-9.09	2.92	0.57	0.88	1.05	0.92	0.79	0.82	1.03
Increase / (Decrease) in Invested Capital	-1,233	2,239	6,000	-8,705	1,589	982	54	-128	-345	-30	111
Enterprise Value (EV)	3,975	4,835	5,498	7,357	4,017	5,389	4,411	5,150	4,754	4,568	4,956
Market Capitalization	1,852	1,816	5,097	4,864	3,998	5,099	3,844	4,569	4,013	3,344	3,556
Book Value per Share	$7.77	$18.32	$17.31	$18.88	$12.37	$27.43	$17.30	$16.81	$16.62	$15.64	$15.18
Tangible Book Value per Share	$7.77	$18.32	$16.67	$18.23	$12.37	$27.43	$16.64	$16.15	$15.96	$14.97	$14.48
Total Capital	4,845	5,623	5,489	4,889	1,596	3,782	4,260	4,124	3,913	3,972	3,741
Total Debt	3,331	3,244	3,253	2,464	0.00	298	2,064	1,993	1,812	2,010	1,916
Total Long-Term Debt	3,174	3,227	3,080	2,410	0.00	113	1,990	1,875	1,812	1,907	1,797
Net Debt	2,088	2,985	366	2,458	-16	256	533	547	706	1,189	1,366
Capital Expenditures (CapEx)	344	443	339	283	357	-458	-537	426	320	295	338
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-275	205	-7,908	-8,034	-65	3.69	-6,048	-5,821	-5,454	-4,921	-4,488
Debt-free Net Working Capital (DFNWC)	968	464	-6,274	-8,028	-49	46	-4,518	-4,375	-4,349	-4,100	-3,937
Net Working Capital (NWC)	810	447	-6,446	-8,082	-49	-139	-4,592	-4,493	-4,349	-4,203	-4,056
Net Nonoperating Expense (NNE)	126	75	63	60	59	62	63	42	-12	43	43
Net Nonoperating Obligations (NNO)	2,116	2,483	387	-5,802	3,733	256	562	573	732	1,215	1,383
Total Depreciation and Amortization (D&A)	294	282	270	279	291	278	256	222	205	196	183
Debt-free, Cash-free Net Working Capital to Revenue	-8.55%	6.22%	-231.18%	-281.84%	-2.51%	0.13%	-211.40%	-227.78%	-229.11%	-189.05%	-138.53%
Debt-free Net Working Capital to Revenue	30.05%	14.10%	-183.40%	-281.63%	-1.89%	1.59%	-157.91%	-171.21%	-182.68%	-157.53%	-121.54%
Net Working Capital to Revenue	25.15%	13.60%	-188.44%	-283.53%	-1.89%	-4.85%	-160.50%	-175.82%	-182.68%	-161.49%	-125.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($11.23)	$1.82	$2.20	$2.25	$1.81	$2.00	$1.85	$1.52	$2.30	$1.50	$1.65
Adjusted Weighted Average Basic Shares Outstanding	126.93M	109.74M	109.43M	109.28M	109.14M	108.95M	108.86M	108.75M	108.10M	106.42M	101.97M
Adjusted Diluted Earnings per Share	($11.23)	$1.81	$2.20	$2.25	$1.81	$1.99	$1.85	$1.52	$2.29	$1.50	$1.64
Adjusted Weighted Average Diluted Shares Outstanding	126.93M	110.04M	109.78M	109.58M	109.36M	109.41M	109.15M	108.93M	108.31M	106.72M	102.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	190.32M	128.01M	127.33M	127.07M	126.51M	126.02M	125.69M	124.98M	124.77M	123.43M	118.52M
Normalized Net Operating Profit after Tax (NOPAT)	-1,195	223	226	308	259	282	267	209	238	205	213
Normalized NOPAT Margin	-37.11%	6.78%	6.60%	10.81%	10.02%	9.81%	9.33%	8.19%	10.00%	7.87%	6.57%
Pre Tax Income Margin	-55.64%	5.55%	5.90%	10.91%	9.33%	9.44%	8.89%	10.82%	15.70%	9.79%	8.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-13.99	2.32	2.83	4.30	3.63	3.99	3.91	4.56	6.03	4.32	4.51
NOPAT to Interest Expense	-9.81	1.85	2.26	3.38	3.02	3.26	3.18	2.82	3.28	2.74	2.89
EBIT Less CapEx to Interest Expense	-16.82	-1.36	-0.56	1.20	-0.53	9.29	10.32	-1.18	1.62	0.37	-0.08
NOPAT Less CapEx to Interest Expense	-12.64	-1.83	-1.14	0.28	-1.15	8.55	9.60	-2.92	-1.13	-1.21	-1.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.14%	51.33%	69.38%	60.69%	73.10%	-64.37%	-68.24%	81.80%	47.64%	82.62%	75.49%
Augmented Payout Ratio	-0.14%	51.33%	69.38%	60.69%	73.10%	-64.37%	-67.50%	81.80%	47.64%	82.62%	75.49%

This table displays calculated financial ratios and metrics derived from Hawaiian Electric Industries' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-173.06%	4.05%	100.37%	-3.35%	-19.53%	-13.46%	0.01%	18.24%	-9.38%	37.69%
EBITDA Growth	2,845.55%	-129.94%	-2,063.16%	-7.70%	-91.46%	-12.58%	7.18%	133.22%	356.00%	5.65%
EBIT Growth	13,209.32%	-268.48%	-3,796.18%	-18.28%	-98.02%	-26.44%	7.28%	115.98%	652.53%	3.80%
NOPAT Growth	14,051.27%	-239.26%	-3,359.48%	-18.30%	-98.02%	-20.43%	6.41%	115.72%	574.95%	0.49%
Net Income Growth	32,556.71%	-349.90%	-4,802.04%	-22.83%	-100.61%	-33.51%	3.90%	108.84%	237.11%	-2.09%
EPS Growth	136.36%	-345.95%	-2,448.00%	-24.00%	-15.38%	-35.09%	4.17%	-20.63%	4.00%	-1.72%
Operating Cash Flow Growth	78.91%	52.11%	-63.90%	-31.13%	-68.39%	-25.17%	1,162.61%	95.44%	122.64%	-7.53%
Free Cash Flow Firm Growth	214.79%	-59.83%	-183.36%	-171.05%	59.66%	133.31%	143.74%	270.47%	-162.97%	-214.73%
Invested Capital Growth	-25.36%	-43.87%	-41.63%	200.78%	85.32%	-49.81%	-32.06%	-156.35%	177.70%	284.09%
Revenue Q/Q Growth	-143.74%	-47.71%	100.05%	-6.19%	-37.72%	0.69%	-3.51%	-8.92%	-33.02%	16.37%
EBITDA Q/Q Growth	4,082.02%	98.63%	-2,233.94%	-6.57%	-59.53%	-10.07%	0.33%	-80.06%	314.36%	10.26%
EBIT Q/Q Growth	1,507.62%	96.32%	-4,597.14%	-16.02%	-82.18%	-19.22%	-0.58%	-87.99%	563.26%	17.82%
NOPAT Q/Q Growth	1,596.67%	96.32%	-4,112.26%	-23.84%	-85.27%	-13.85%	0.56%	-88.49%	493.07%	15.21%
Net Income Q/Q Growth	1,380.39%	95.99%	-6,180.58%	-13.53%	-109.86%	-24.50%	-0.20%	-92.66%	973.88%	17.99%
EPS Q/Q Growth	214.29%	92.25%	-3,189.47%	-13.64%	18.92%	-26.00%	0.00%	-3.85%	-8.77%	18.75%
Operating Cash Flow Q/Q Growth	-13.27%	128.78%	-44.77%	63.26%	-26.26%	-45.71%	5.37%	-25.07%	74.56%	871.02%
Free Cash Flow Firm Q/Q Growth	120.41%	196.68%	80.46%	-2,152.43%	-177.12%	100.64%	-83.35%	261.33%	36.32%	-163.51%
Invested Capital Q/Q Growth	127.01%	-5.45%	-45.73%	4.71%	70.71%	-1.66%	193.70%	-217.83%	-53.77%	33.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	198.24%	100.00%
EBITDA Margin	0.00%	-4.91%	-186.99%	17.53%	11.08%	17.05%	19.09%	18.36%	104.39%	16.87%
Operating Margin	0.00%	-13.49%	-191.56%	8.52%	2.38%	8.33%	10.38%	10.07%	97.03%	9.80%
EBIT Margin	0.00%	-13.49%	-191.49%	8.52%	2.38%	8.33%	10.38%	10.07%	97.03%	9.80%
Profit (Net Income) Margin	0.00%	-11.08%	-144.31%	4.75%	-0.73%	4.61%	6.15%	5.95%	96.23%	6.00%
Tax Burden Percent	74.43%	69.64%	74.33%	78.49%	63.26%	84.69%	79.41%	78.51%	-2,122.56%	78.28%
Interest Burden Percent	100.37%	117.93%	101.39%	71.02%	-48.42%	65.38%	74.61%	75.18%	-4.67%	78.25%
Effective Tax Rate	25.57%	0.00%	0.00%	21.51%	0.00%	15.31%	20.59%	21.49%	0.00%	21.72%
Return on Invested Capital (ROIC)	0.00%	-19.47%	-266.02%	2,025.86%	1.47%	6.20%	8.95%	25.66%	0.00%	20.67%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-24.79%	-297.01%	2,026.61%	0.53%	5.12%	7.84%	27.35%	0.00%	21.61%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-3.70%	-103.32%	-2,016.18%	0.33%	4.68%	7.01%	-12.96%	0.00%	-12.70%
Return on Equity (ROE)	0.00%	-23.17%	-369.34%	9.68%	1.79%	10.88%	15.95%	12.71%	6.99%	7.97%
Cash Return on Invested Capital (CROIC)	0.90%	-50.75%	-44.95%	-190.39%	-53.85%	86.07%	61.88%	0.00%	-220.10%	-158.63%
Operating Return on Assets (OROA)	0.00%	-3.56%	-51.90%	2.53%	0.47%	2.75%	2.48%	5.92%	28.32%	5.14%
Return on Assets (ROA)	0.00%	-2.93%	-39.12%	1.41%	-0.14%	1.52%	1.47%	3.50%	28.09%	3.15%
Return on Common Equity (ROCE)	0.00%	-22.76%	-361.90%	9.54%	1.77%	10.71%	15.66%	12.51%	6.89%	7.88%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-165.00%	-226.36%	7.93%	0.00%	40.62%	41.10%	41.22%	0.00%	-46.28%
Net Operating Profit after Tax (NOPAT)	1,326	-89	-2,407	60	9.37	64	74	73	474	80
NOPAT Margin	0.00%	-9.44%	-134.09%	6.69%	1.67%	7.05%	8.24%	7.91%	67.92%	7.67%
Net Nonoperating Expense Percent (NNEP)	-0.21%	5.32%	30.99%	-0.75%	0.94%	1.08%	1.11%	-1.69%	7.30%	-0.94%
Return On Investment Capital (ROIC_SIMPLE)	27.56%	-	-	-	0.17%	-	-	-	8.69%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-98.24%	0.00%
SG&A Expenses to Revenue	0.00%	113.37%	0.00%	91.34%	0.00%	91.53%	89.49%	89.80%	0.00%	90.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	113.37%	291.56%	91.34%	98.25%	91.53%	89.49%	89.80%	101.55%	90.10%
Earnings before Interest and Taxes (EBIT)	1,781	-127	-3,437	76	13	75	93	94	677	102
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,833	-46	-3,356	157	62	154	171	170	729	176
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.25	0.79	1.07	0.61	0.77	0.71	2.00	2.11	2.31	1.94
Price to Tangible Book Value (P/TBV)	1.25	0.79	1.07	0.63	0.77	0.73	2.08	2.19	2.40	1.94
Price to Revenue (P/Rev)	0.58	0.27	0.25	0.40	0.55	0.42	1.16	1.22	1.49	1.20
Price to Earnings (P/E)	0.00	0.00	0.00	7.81	12.61	10.26	25.88	21.00	32.01	18.59
Dividend Yield	0.00%	0.00%	15.85%	12.69%	10.08%	11.62%	5.01%	4.74%	4.36%	5.28%
Earnings Yield	0.00%	0.00%	0.00%	12.81%	7.93%	9.74%	3.86%	4.76%	3.12%	5.38%
Enterprise Value to Invested Capital (EV/IC)	1.10	0.76	1.03	0.68	0.99	0.75	1.77	0.00	2.10	0.74
Enterprise Value to Revenue (EV/Rev)	1.23	0.26	0.38	0.58	1.47	0.57	1.32	1.99	1.61	1.21
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	3.26	8.61	1.58	3.73	5.69	9.93	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	6.33	17.33	2.05	4.79	7.30	19.41	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	7.71	21.69	2.54	6.03	9.17	24.36	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.15	2.84	4.66	4.29	8.77	2.98	6.80	14.27	12.10	13.11
Enterprise Value to Free Cash Flow (EV/FCFF)	103.47	0.00	0.00	0.00	0.00	0.58	2.31	0.82	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.20	2.08	3.00	1.42	1.36	1.64	1.53	1.46	1.45	0.00
Long-Term Debt to Equity	2.10	2.08	3.00	1.42	1.36	1.64	1.51	1.39	1.38	0.00
Financial Leverage	1.18	0.15	0.35	-0.99	0.62	0.92	0.89	-0.47	-1.16	-0.59
Leverage Ratio	6.72	8.97	9.87	5.25	7.26	5.10	8.60	2.91	5.03	2.12
Compound Leverage Factor	6.75	10.58	10.00	3.73	-3.52	3.33	6.42	2.18	-0.24	1.66
Debt to Total Capital	68.76%	67.56%	75.00%	58.72%	57.69%	62.06%	60.46%	59.30%	59.25%	0.00%
Short-Term Debt to Total Capital	3.26%	0.00%	0.00%	0.00%	0.29%	0.00%	0.80%	2.67%	3.14%	0.00%
Long-Term Debt to Total Capital	65.51%	67.56%	75.00%	58.72%	57.39%	62.06%	59.66%	56.63%	56.11%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.71%	0.69%	0.77%	0.59%	0.61%	0.58%	0.59%	0.61%	0.62%	1.56%
Common Equity to Total Capital	30.53%	31.74%	24.24%	40.69%	41.70%	37.36%	38.95%	40.09%	40.12%	98.44%
Debt to EBITDA	-2.36	-1.09	-1.17	5.28	5.78	2.74	2.55	2.43	5.88	0.00
Net Debt to EBITDA	-1.48	0.02	-0.19	0.99	5.32	0.40	0.42	2.20	0.66	0.00
Long-Term Debt to EBITDA	-2.25	-1.09	-1.17	5.28	5.75	2.74	2.51	2.32	5.56	0.00
Debt to NOPAT	-2.79	-1.41	-1.50	12.46	14.55	4.39	4.12	3.92	14.41	0.00
Net Debt to NOPAT	-1.75	0.03	-0.25	2.34	13.39	0.63	0.68	3.54	1.62	0.00
Long-Term Debt to NOPAT	-2.66	-1.41	-1.50	12.46	14.48	4.39	4.06	3.74	13.65	0.00
Altman Z-Score	1.15	-0.12	-0.82	-0.07	0.37	-0.05	0.14	-0.33	0.16	136.05
Noncontrolling Interest Sharing Ratio	0.00%	1.77%	2.02%	1.46%	1.49%	1.54%	1.81%	1.51%	1.47%	1.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	0.34	0.26	0.25	1.59	0.29	0.39	0.09	0.25	0.21
Quick Ratio	0.91	0.34	0.25	0.25	1.04	0.29	0.39	0.09	0.25	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,559	1,161	-1,201	-6,147	-2,229	2,890	1,441	8,651	-5,526	-8,678
Operating Cash Flow to CapEx	159.53%	143.35%	217.14%	130.55%	76.06%	159.66%	719.95%	252.10%	234.33%	862.02%
Free Cash Flow to Firm to Interest Expense	86.10	37.75	-38.67	-203.50	-67.82	92.47	50.48	312.68	-208.95	-336.34
Operating Cash Flow to Interest Expense	4.59	5.12	2.22	4.13	2.32	3.31	6.68	6.54	9.13	5.36
Operating Cash Flow Less CapEx to Interest Expense	1.71	1.55	1.20	0.97	-0.73	1.24	5.75	3.95	5.23	4.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.26	0.27	0.30	0.20	0.33	0.24	0.59	0.29	0.52
Accounts Receivable Turnover	6.41	8.60	10.28	8.07	6.21	0.00	9.19	0.00	7.99	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.53	0.75	0.75	0.61	0.56	0.65	0.71	0.69	0.62	0.64
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	56.90	42.45	35.51	45.21	58.77	0.00	39.73	0.00	45.67	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	56.90	42.45	35.51	45.21	58.77	0.00	39.73	0.00	45.67	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,629	1,599	1,691	3,115	4,862	2,848	2,896	-3,091	2,624	5,675
Invested Capital Turnover	0.76	2.06	1.98	303.02	0.88	0.88	1.09	3.24	-9.09	2.70
Increase / (Decrease) in Invested Capital	-1,233	-1,250	-1,206	6,207	2,239	-2,827	-1,367	-8,578	6,000	8,758
Enterprise Value (EV)	3,975	1,215	1,741	2,122	4,835	2,137	5,113	7,747	5,498	4,215
Market Capitalization	1,852	1,241	1,156	1,443	1,816	1,569	4,499	4,722	5,097	4,184
Book Value per Share	$7.77	$12.31	$8.47	$18.57	$18.32	$17.45	$17.65	$17.58	$17.31	$16.96
Tangible Book Value per Share	$7.77	$12.31	$8.47	$17.93	$18.32	$16.81	$17.01	$16.93	$16.67	$16.96
Total Capital	4,845	4,968	4,478	5,843	5,623	5,953	5,775	5,583	5,489	2,192
Total Debt	3,331	3,357	3,358	3,431	3,244	3,695	3,492	3,310	3,253	0.00
Total Long-Term Debt	3,174	3,357	3,358	3,431	3,227	3,695	3,446	3,162	3,080	0.00
Net Debt	2,088	-60	551	645	2,985	534	579	2,991	366	-3.90
Capital Expenditures (CapEx)	86	110	32	95	100	65	26	72	103	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-275	-7,725	-7,795	-7,782	205	-7,938	-8,008	-8,033	-7,908	-19
Debt-free Net Working Capital (DFNWC)	968	-5,468	-6,167	-6,187	464	-5,990	-5,096	-7,714	-6,274	-15
Net Working Capital (NWC)	810	-5,468	-6,167	-6,187	447	-5,990	-5,142	-7,863	-6,446	-15
Net Nonoperating Expense (NNE)	-4.92	15	183	17	13	22	19	18	-198	17
Net Nonoperating Obligations (NNO)	2,116	-13	571	704	2,483	590	613	-5,364	387	3,483
Total Depreciation and Amortization (D&A)	52	81	81	81	49	79	78	77	51	74
Debt-free, Cash-free Net Working Capital to Revenue	-8.55%	-168.43%	-171.32%	-213.13%	6.22%	-211.98%	-206.11%	-206.77%	-231.18%	-0.53%
Debt-free Net Working Capital to Revenue	30.05%	-119.22%	-135.53%	-169.46%	14.10%	-159.94%	-131.15%	-198.54%	-183.40%	-0.42%
Net Working Capital to Revenue	25.15%	-119.22%	-135.53%	-169.46%	13.60%	-159.94%	-132.34%	-202.37%	-188.44%	-0.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.04	($0.91)	($11.74)	$0.38	$0.45	$0.37	$0.50	$0.50	$0.52	$0.57
Adjusted Weighted Average Basic Shares Outstanding	126.93M	114.36M	110.30M	110.22M	109.74M	109.73M	109.57M	109.51M	109.43M	109.47M
Adjusted Diluted Earnings per Share	$1.04	($0.91)	($11.74)	$0.38	$0.44	$0.37	$0.50	$0.50	$0.52	$0.57
Adjusted Weighted Average Diluted Shares Outstanding	126.93M	114.36M	110.30M	110.48M	110.04M	109.92M	109.78M	109.83M	109.78M	109.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	190.32M	190.32M	128.16M	128.16M	128.01M	127.98M	127.47M	127.43M	127.33M	127.22M
Normalized Net Operating Profit after Tax (NOPAT)	1,326	-89	-2,407	60	9.37	64	74	73	474	80
Normalized NOPAT Margin	0.00%	-9.44%	-134.09%	6.69%	1.67%	7.05%	8.24%	7.91%	67.92%	7.67%
Pre Tax Income Margin	0.00%	-15.90%	-194.16%	6.05%	-1.15%	5.45%	7.74%	7.57%	-4.53%	7.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	59.93	-4.11	-110.66	2.53	0.41	2.40	3.26	3.38	25.61	3.96
NOPAT to Interest Expense	44.61	-2.88	-77.49	1.99	0.29	2.04	2.59	2.65	17.93	3.10
EBIT Less CapEx to Interest Expense	57.05	-7.69	-111.68	-0.63	-2.65	0.33	2.33	0.79	21.71	3.34
NOPAT Less CapEx to Interest Expense	41.73	-6.45	-78.51	-1.17	-2.77	-0.04	1.66	0.06	14.03	2.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.14%	-0.07%	-1.46%	39.99%	51.33%	16.95%	17.03%	16.94%	69.38%	-15.42%
Augmented Payout Ratio	-0.14%	-0.07%	-1.46%	39.99%	51.33%	16.95%	17.03%	16.94%	69.38%	-15.42%

Frequently Asked Questions About Hawaiian Electric Industries' Financials

When does Hawaiian Electric Industries's financial year end?

According to the most recent income statement we have on file, Hawaiian Electric Industries' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Hawaiian Electric Industries' net income changed over the last 10 years?

Hawaiian Electric Industries' net income appears to be on a downward trend, with a most recent value of -$1.32 billion in 2024, falling from $170.02 million in 2014. The previous period was $147.77 million in 2023. See where experts think Hawaiian Electric Industries is headed by visiting Hawaiian Electric Industries' forecast page.

What is Hawaiian Electric Industries's operating income?

Hawaiian Electric Industries's total operating income in 2024 was -$1.71 billion, based on the following breakdown:

Total Gross Profit: $3.22 billion
Total Operating Expenses: $4.93 billion

How has Hawaiian Electric Industries revenue changed over the last 10 years?

Over the last 10 years, Hawaiian Electric Industries' total revenue changed from $3.24 billion in 2014 to $3.22 billion in 2024, a change of -0.6%.

How much debt does Hawaiian Electric Industries have?

Hawaiian Electric Industries' total liabilities were at $7.42 billion at the end of 2024, a 50.1% decrease from 2023, and a 20.7% decrease since 2014.

How much cash does Hawaiian Electric Industries have?

In the past 10 years, Hawaiian Electric Industries' cash and equivalents has ranged from $0.00 in 2014 to $750.54 million in 2024, and is currently $750.54 million as of their latest financial filing in 2024.

How has Hawaiian Electric Industries' book value per share changed over the last 10 years?

Over the last 10 years, Hawaiian Electric Industries' book value per share changed from 15.18 in 2014 to 7.77 in 2024, a change of -48.8%.

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This page (NYSE:HE) was last updated on 6/1/2025 by MarketBeat.com Staff

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Hawaiian Electric Industries (HE) Financials

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Hawaiian Electric Industries (HE) Financials

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