Hawaiian Electric Industries, Inc. (HE) — Financial statements
Income statement, balance sheet, and cash flow for Hawaiian Electric Industries, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,087↓4.1% | 3,220↓2.1% | 3,288↓3.9% | 3,421↑20.0% | 2,850 | |
| Cost of Revenue | 2,852↓42.1% | 4,927↑85.2% | 2,660↓4.7% | 2,792↑28.5% | 2,173 | |
| Gross Profit | 235↑113.8% | -1,707↓372.2% | 627↓0.3% | 629↓7.1% | 677 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 15 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 4 | |
| SG&A Expenses | 0.00 | 0.00↓100.0% | 4 | 0.00↓100.0% | 19 | |
| Other Expenses | 0.00 | 0.00↓100.0% | 348↓0.3% | 349↑28.2% | 272 | |
| Operating Expenses | 0.00 | 0.00↓100.0% | 352↑0.8% | 349↑20.0% | 291 | |
| Total Costs & Expenses | 2,852↓42.1% | 4,927↑63.5% | 3,013↓4.1% | 3,141↑27.5% | 2,464 | |
| Operating Results | ||||||
| Operating Income | 235↑113.8% | -1,707↓720.7% | 275↓1.6% | 280↓27.6% | 386 | |
| Depreciation & Amortization | 260↓8.1% | 283↑0.2% | 282↑4.4% | 270↓3.0% | 279 | |
| EBITDA | 539↑138.9% | -1,387↓347.1% | 561↑1.4% | 554↓17.4% | 671 | |
| EBIT | 279↑116.7% | -1,670↓698.5% | 279↓1.5% | 283↓27.7% | 392 | |
| Interest & Other Income | ||||||
| Net Interest Income | -76↑26.2% | -102↑8.0% | -111↓11.2% | -100↓9.7% | -91 | |
| Interest Income | 37↑90.7% | 19↑112.7% | 9 | 0.00 | 0.00 | |
| Interest Expense | 112↓7.6% | 122↑1.2% | 120↑20.3% | 100↑9.7% | 91 | |
| Non-Operating Income | -44↓19.4% | -37↓819.3% | -4↓8.8% | -4↑36.9% | -6 | |
| Other Income / Expenses | -68↑19.4% | -85↑10.3% | -95↓19.0% | -79↓3.1% | -77 | |
| Income Before Tax | 167↑109.3% | -1,792↓1093.1% | 180↓9.8% | 200↓35.2% | 309 | |
| Income Tax Expense | 41↑108.6% | -471↓1463.8% | 35↓11.3% | 39↓38.0% | 63 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 126↑109.6% | -1,321↓1005.3% | 146↓9.5% | 161↓34.5% | 246 | |
| Net Income from Discontinued Operations | 0.00↑100.0% | -103↓293.9% | 53↓33.3% | 80 | 0.00 | |
| Net Income | 126↑108.9% | -1,424↓814.8% | 199↓17.4% | 241↓2.0% | 246 | |
| Bottom-Line Net Income | 123↑108.6% | -1,426↓1077.5% | 146↓9.5% | 161↓34.5% | 246 | |
| EPS (Basic) | 0.71↑106.3% | -11.23↓717.0% | 1.82↓17.3% | 2.20↓2.2% | 2.25 | |
| EPS (Diluted) | 0.71↑106.3% | -11.23↓720.4% | 1.81↓17.7% | 2.20↓2.2% | 2.25 | |
| Weighted Average Shares | 173↑35.9% | 127↑15.7% | 110↑0.3% | 109↑0.1% | 109 | |
| Weighted Average Diluted Shares | 173↑36.3% | 127↑15.3% | 110↑0.2% | 110↑0.2% | 110 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.