Hawaiian Electric Industries

Hawaii Electric Light Company’s mission is to provide secure, clean energy for Hawaii. Over the years, Hawaii Electric Light Company has provided energy to over 80,000 customers on the island of Hawai`i. In 1970, Hawaii Electric Light Company was purchased by Hawaiian Electric Company. Hawaii Electric Light Company generates over 1 billion kilowatt-hours of electricity each year and utilizes clean energy sources to generate nearly 50% of that amount (46.7% in 2012). The energy we use is an essential but limited resource necessary to maintaining our quality of life. In a changing world, Hawaii Electric Light Company along with its parent company, Hawaiian Electric Company, has evolved to offer more than electricity. Today, we provide 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 our islands.

Type
Subsidiary
Parent Company
NextEra Energy
HQ
Hilo, US
Founded
1970
Website
hei.com
Hawaiian Electric Industries was founded in 1970 and is headquartered in Hilo, US

Hawaiian Electric Industries Office Locations

Hawaiian Electric Industries has an office in Hilo
Hilo, US (HQ)
1200 Kilauea Ave

Hawaiian Electric Industries Metrics

Hawaiian Electric Industries Summary

Founding Date

1970
Hawaiian Electric Industries is a subsidiary of NextEra Energy

Hawaiian Electric Industries Financial Metrics

FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$220 m$175.5 m$300.5 m$278.5 m

Accounts Receivable

Inventories

Current Assets

$712.2 m$615 m

PP&E

$3.9 b$4.1 b$4.4 b$4.6 b

Goodwill

$82.2 m$82.2 m$82.2 m$82.2 m

Total Assets

$10.3 b$11.2 b$11.8 b$12.4 b

Accounts Payable

$212.3 m$186.4 m$138.5 m$143.3 m

Current Liabilities

$537.9 m$502.4 m

Retained Earnings

$255.7 m$297.5 m$324.8 m$439 m

Total Equity

$1.7 b$1.8 b$1.9 b$2.1 b

Financial Leverage

6 x6.2 x6.1 x6 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$163.4 m$170.2 m$161.8 m$250.1 m

Accounts Receivable

$49.4 m$26.7 m

Inventories

Accounts Payable

Cash From Operating Activities

$327.1 m$301.5 m$355.9 m$495.3 m

Capital Expenditures

($353.9 m)($339.7 m)($363.8 m)($330 m)

Cash From Investing Activities

($563.8 m)($568.5 m)($705.7 m)($736.5 m)

Long-term Borrowings

($216 m)($111.4 m)($75 m)

Cash From Financing Activities

$237 m$222.5 m$474.8 m$219.2 m

Free Cash Flow

$681 m$641.2 m$719.7 m$825.3 m

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Hawaiian Electric Industries News

Hawaiian Electric Industries Company Life

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