Hawaiian Electric Industries, Inc. is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The company’s mission is to provide secure, clean energy for Hawaii. Hawaiian Electric Industries provides energy solutions to help customers save money and use energy more efficiently. Hawaii Electric Light Company also continues to pursue the use of more renewable energy alternatives to help ensure a sustainable future for its islands.

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TypeSubsidiary
Parent CompanyNextEra Energy
HQHilo, US
Founded1970
Websitehei.com
Hawaiian Electric Industries was founded in 1970 and is headquartered in Hilo, US
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Key People/Management at Hawaiian Electric Industries

Curtis Y. Harada

Curtis Y. Harada

Vice President, Internal Audit
Kurt K. Murao

Kurt K. Murao

Vice President, Internal Audit
Jimmy D. Alberts

Jimmy D. Alberts

Senior Vice President, Customer Service
Scott W. H. Seu

Scott W. H. Seu

Senior Vice President, Public Affairs
Darcy L. Endo-Omoto

Darcy L. Endo-Omoto

Vice President, Government and Community Affairs
Colton K. Ching

Colton K. Ching

Senior Vice President, Planning and Technology
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Hawaiian Electric Industries Office Locations

Hawaiian Electric Industries has an office in Hilo
Hilo, (HQ)
1200 Kilauea Ave
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Hawaiian Electric Industries Financials and Metrics

Summary Metrics

Founding Date

1970
Hawaiian Electric Industries is a subsidiary of NextEra Energy

Hawaiian Electric Industries Revenue

Hawaiian Electric Industries's revenue was reported to be $2.56 b in FY, 2017
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.2b2.6b2.4b2.6b

Operating expense total

2.9b2.3b2.0b2.2b

Depreciation and amortization

166.4m

EBIT

322.6m348.2m338.3m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

637.9m623.9m717.2m551.0m566.2m646.1m591.6m75.3m74.3m75.4m77.1m80.5m

Cost of goods sold

3.1m2.9m3.5m3.7m4.0m

Gross profit

72.2m71.4m72.0m73.4m76.5m

Gross profit Margin, %

96%96%95%95%95%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

220.0m175.5m300.5m278.5m261.9m

Accounts Receivable

Inventories

Current Assets

712.2m615.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

215.0m269.1m188.4m192.6m292.2m300.7m228.4m334.7m257.2m284.4m234.2m210.4m202.2m244.8m254.7m172.1m

Current Assets

516.0m475.8m545.8m593.6m617.6m

PP&E

4.7b4.8b4.5b4.6b4.7b

Goodwill

82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m82.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

163.4m170.2m161.8m250.1m167.2m

Inventories

Accounts Payable

(65.5m)

Cash From Operating Activities

327.1m325.4m355.9m495.3m420.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

123.9m46.4m88.3m136.6m32.3m67.8m119.0m32.8m77.4m205.0m34.7m73.8m134.3m40.7m87.2m153.6m

Accounts Payable

160.8m51.6m(22.8m)5.1m18.3m(8.7m)

Cash From Operating Activities

246.7m19.4m46.2m173.4m138.6m104.3m221.3m170.6m225.5m408.9m186.0m291.1m34.7m108.3m257.7m

Cash From Investing Activities

(363.4m)(74.2m)(272.1m)(377.0m)(152.0m)(227.7m)(503.0m)(215.3m)(385.0m)(535.7m)(399.4m)(440.4m)(231.1m)(391.4m)(541.8m)
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Hawaiian Electric Industries Online and Social Media Presence

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Hawaiian Electric Industries News and Updates

Hawaiian Electric Industries, Inc. To Announce Second Quarter 2018 Financial Results On August 3, 2018; American Savings Bank To Announce Second Quarter Financial Results On July 30, 2018

HONOLULU, July 23, 2018 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) will announce its second quarter 2018 financial results on Friday, August 3, 2018. In addition, American Savings Bank, F.S.B. (American), a wholly-owned indirect subsidiary of HEI, will announce...
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Hawaiian Electric Industries Company Life and Culture

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Hawaiian Electric Industries Frequently Asked Questions

  • When was Hawaiian Electric Industries founded?

    Hawaiian Electric Industries was founded in 1970.

  • Who are Hawaiian Electric Industries key executives?

    Hawaiian Electric Industries's key executives are Curtis Y. Harada, Kurt K. Murao and Jimmy D. Alberts.

  • What is Hawaiian Electric Industries revenue?

    Latest Hawaiian Electric Industries annual revenue is $2.6 b.

  • Who are Hawaiian Electric Industries competitors?

    Competitors of Hawaiian Electric Industries include Good Energy Group, Kallista Energy Group and Portland General Electric Company.

  • Where is Hawaiian Electric Industries headquarters?

    Hawaiian Electric Industries headquarters is located at 1200 Kilauea Ave, Hilo.

  • Where are Hawaiian Electric Industries offices?

    Hawaiian Electric Industries has an office in Hilo.

  • How many offices does Hawaiian Electric Industries have?

    Hawaiian Electric Industries has 1 office.